ADOBE INC.

Services-Prepackaged Software·SAN JOSE, CA·FY end 11/27·CIK 796343

CEO Pay Ratio

217:1

Shantanu Narayen

CEO Total Comp

$51.2M

Shantanu Narayen

Median Employee

$235,989

Revenue

$23.8B

FY 2025

Net Income

$7.1B

FY 2025

Free Cash Flow

$9.9B

FY 2025

Net Margin

30.0%

Insider Net (180d)

-$19.3M

0 buys / 6 sales

CEO Pay Accountability

CEO comp as % of net income

0.72%

For every $1,000 of profit, $7.18 flows to the CEO.

CEO comp as % of buybacks

0.45%

CEO comp equals 4.5‰ of cash returned to shareholders via buybacks.

5-year history · USD

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	Trend
Revenue	$23.8B	$21.5B	$19.4B	$17.6B	$15.8B
Gross Profit	$21.2B	$19.1B	$17.1B	$15.4B	$13.9B
Operating Income	$8.7B	$6.7B	$6.7B	$6.1B	$5.8B
Net Income	$7.1B	$5.6B	$5.4B	$4.8B	$4.8B
Operating CF	$10.0B	$8.1B	$7.3B	$7.8B	$7.2B
Capex	$179.0M	$183.0M	$360.0M	$442.0M	$348.0M
Free Cash Flow	$9.9B	$7.9B	$6.9B	$7.4B	$6.9B
Buybacks	$11.3B	$9.5B	$4.4B	$6.5B	$4.0B
Dividends	—	—	—	—	—	—

Gross Margin	89.3%	89.0%	87.9%	87.7%	88.2%
Operating Margin	36.6%	31.3%	34.3%	34.6%	36.8%
Net Margin	30.0%	25.9%	28.0%	27.0%	30.5%
FCF Margin	41.4%	36.6%	35.8%	42.0%	43.6%
R&D / Revenue	—	—	—	—	—	—
Effective Tax	18.4%	19.8%	20.2%	20.8%	15.5%
Debt / Equity	0.53	0.29	0.22	0.26	0.28
Buybacks / FCF	114.5%	120.7%	63.4%	88.6%	57.4%

FY 2025

Executive	Salary	Stock	Options	Bonus / Inc.	Other	Total
Shantanu NarayenCHAIR OF THE BOARD AND CEO	$1.5M	$45.4M	—	$3.1M	$1.2M	$51.2M
Anil ChakravarthyPRESIDENT, CUSTOMER EXPERIENCE ORCHESTRATION BUSINESS	$800.0K	$15.9M	—	$1.0M	$49.9K	$17.8M
David WadhwaniPRESIDENT, CREATIVITY AND PRODUCTIVITY BUSINESS	$800.0K	$15.9M	—	$1.0M	$45.7K	$17.8M
Daniel DurnCFO AND EXECUTIVE VICE PRESIDENT, FINANCE, TECHNOLOGY, SECURITY AND OPERATIONS	$900.0K	$14.4M	—	$936.0K	$22.3K	$16.3M
Louise Pentland	$403.8K	$12.5M	—	$2.4M	$236.3K	$15.6M