Q3 25 EPS
$5.31
BEAT +2.48%
Est. $5.18
Q3 25 Revenue
$5.99B
BEAT +1.34%
Est. $5.91B
vs S&P Since Q3 25
-39.9%
TRAILING MARKET
ADBE -30.3% vs S&P +9.6%
Market Reaction
Did ADBE Beat Earnings? Q3 2025 Results
Adobe delivered a strong third quarter for fiscal 2025, posting non-GAAP EPS of $5.31 against a consensus estimate of $5.18, a 2.48% beat, while revenue of $5.99 billion topped expectations by 1.34% and grew 10.7% year over year. The results that man… Read more Adobe delivered a strong third quarter for fiscal 2025, posting non-GAAP EPS of $5.31 against a consensus estimate of $5.18, a 2.48% beat, while revenue of $5.99 billion topped expectations by 1.34% and grew 10.7% year over year. The results that many had anticipated were underpinned by a pivotal milestone: AI-influenced annual recurring revenue crossed $5 billion, with AI-first ARR already clearing its $250 million year-end target ahead of schedule, concrete evidence that Adobe's generative AI investments are translating into measurable monetization. The Digital Media segment led the charge, generating $4.46 billion in revenue with Digital Media ARR reaching $18.59 billion, up 11.7% year over year. Looking ahead, Adobe raised its full-year revenue target to a range of $23.65 billion to $23.70 billion and lifted non-GAAP EPS guidance to $20.80–$20.85, while Q4 revenue is expected between $6.08 billion and $6.13 billion, signals that management sees AI-driven momentum carrying firmly into the year's final stretch.
Key Takeaways
- • Strength in subscription revenue across both Digital Media and Digital Experience segments
- • AI product innovation driving ARR growth
- • Strong go-to-market execution
- • Business Professionals and Consumers Group subscription revenue growing 15% YoY
- • RPO surpassed $20 billion, accelerating to 13% YoY growth
ADBE YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
ADBE Revenue by Segment
With YoY comparisons, source: SEC Filings
“Adobe is the leader in the AI creative applications category with AI-influenced ARR surpassing $5 billion and AI-first ARR already exceeding our $250 million year-end target.”
— Shantanu Narayen, Q3 2025 Earnings Press Release
ADBE Earnings Trends
ADBE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ADBE EPS Trend
Earnings per share: estimate vs actual
ADBE Revenue Trend
Quarterly revenue: estimate vs actual
ADBE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $6.06 | — | $6.40B | +1.93% |
| Q4 25 BEAT FY | $4.28 | $5.50 | +28.50% | $6.19B | — |
| FY Full Year | $20.80 | $20.94 | +0.67% | $23.77B | +0.33% |
| Q3 25 BEAT | $5.18 | $5.31 | +2.48% | $5.99B | +1.34% |
| Q2 25 BEAT | $4.97 | $5.06 | +1.74% | $5.87B | +1.29% |
| Q1 25 BEAT | $4.97 | $5.08 | +2.17% | $5.71B | +0.93% |