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Nov 28, 2025
Adobe Q4 2025 Earnings Report
Adobe reported record Q4 2025 results driven by strong AI-powered product demand and robust subscription growth.
Key Takeaways
Adobe posted record Q4 revenue of $6.19 billion and solid earnings, supported by strong performance across its Digital Media and Digital Experience segments and growing adoption of its AI-driven tools.
Revenue by Segment
Forward Guidance
Adobe expects to deliver continued double-digit ARR growth and strong profitability in FY2026, driven by innovation in AI platforms and subscription momentum.
Positive Outlook
- Targeting over 10% growth in total Adobe ending ARR for FY2026
- FY2026 revenue guidance of $25.90B to $26.10B
- Non-GAAP EPS guidance of $23.30 to $23.50 for FY2026
- Strong demand projected across both customer groups: Creative & Marketing and Business Professionals
- Continued momentum in AI-enhanced product offerings
Challenges Ahead
- FY2026 guidance excludes contribution from pending Semrush acquisition
- Macro environment and FX rate fluctuations may impact ARR targets
- Digital Experience growth slightly behind Digital Media
- Decline in cash and cash equivalents compared to previous year
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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