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Adobe

ADBE Q4 2025 Earnings

Reported Dec 10, 2025 at 4:05 PM ET · SEC Source

Q4 25 EPS

$5.50

BEAT +28.50%

Est. $4.28

Q4 25 Revenue

$6.19B

vs S&P Since Q4 25

-30.9%

TRAILING MARKET

ADBE -26.3% vs S&P +4.6%

Full Year 2025 Results

FY 25 EPS

$20.94

BEAT +0.67%

Est. $20.80

FY 25 Revenue

$23.77B

BEAT +0.33%

Est. $23.69B

Market Reaction

Did ADBE Beat Earnings? Q4 2025 Results

Adobe closed out fiscal 2025 with a record-breaking quarter, posting Q4 revenue of $6.19 billion, up 10.5% year-over-year, and non-GAAP diluted EPS of $5.50 that ran well ahead of the $4.28 consensus estimate by 28.50%, a result that many investors h… Read more Adobe closed out fiscal 2025 with a record-breaking quarter, posting Q4 revenue of $6.19 billion, up 10.5% year-over-year, and non-GAAP diluted EPS of $5.50 that ran well ahead of the $4.28 consensus estimate by 28.50%, a result that many investors had anticipated heading into the print. The revenue beat of 1.29% above the $6.11 billion consensus was narrower but still meaningful, with Digital Media leading the charge at $4.62 billion in Q4 revenue as AI-driven tool adoption accelerated adoption across both creative professionals and the company's fast-growing business and consumer segment. CEO Shantanu Narayen credited Adobe's deepening role in the global AI ecosystem as a central catalyst, and the numbers bore that out, Total Adobe ARR reached $25.20 billion at year-end, growing 11.5% year-over-year. Looking ahead, Adobe guided FY2026 revenue to $25.90–$26.10 billion with non-GAAP EPS of $23.30–$23.50, reflecting continued confidence in its AI monetization trajectory even as shares faced some pressure in late December trading.

Key Takeaways

  • • Strong global demand for AI solutions across customer groups
  • • 10% YoY revenue growth as reported and in constant currency in Q4
  • • Record operating cash flows of over $10 billion in FY2025
  • • Digital Media ARR exiting year was $19.20 billion, 11.5% YoY growth
  • • Total Adobe ARR exiting year was $25.20 billion, 11.5% YoY growth
  • • Business Professionals & Consumers subscription revenue grew 15% YoY in Q4
24/7 Wall St

ADBE YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

ADBE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“Adobe's record FY2025 results reflect our growing importance in the global AI ecosystem and the rapid adoption of our AI-driven tools. By advancing our innovative generative and agentic platforms and expanding our customer base, we are excited to target double-digit ARR growth in FY2026.”

— Shantanu Narayen, Q4 2025 Earnings Press Release

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