EI Earnings Insight Lab
Adobe Systems Inc.

Adobe Systems Inc. Q2 2025 Earnings Analysis

Reported on 2025-06-25 / Fiscal Quarter Q2 2025
Revenue Up YoY Sequential Improvement Margin Under Pressure EPS Up YoY Mixed Quarter
Adobe Systems Inc. reported Q2 2025 results with relatively stable operating performance.

Revenue grew 10.6% year over year and rose 2.8% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Adobe Systems Inc. also posted year-over-year earnings growth, reinforcing a more resilient operating profile.

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Source: Company filings / processed earnings data
Revenue
$5.9B
YoY: 10.6235%
QoQ: 2.7826%
Net Income
$1.7B
YoY: 7.5016%
QoQ: -6.63%
EPS (Diluted)
$3.95
YoY: 13.18%
Net Margin
28.8%
YoY: -0.84 pts
QoQ: -2.9 pts
Gross Margin
89.1%
Operating Margin
35.9%
Growth

Revenue trend

Revenue growth stayed positive, supporting a healthier topline trend.

Profitability

Margin and earnings quality

Margins deteriorated from last quarter, indicating weaker profit conversion.

Investor Focus

What matters next

Investors will continue watching execution quality.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Adobe Systems Inc. reported $5.9B in revenue for Q2 2025, up 10.6% YoY and up 2.8% QoQ. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Quarter $5.9B
Previous Quarter $5.7B
Same Quarter Last Year $5.3B
YoY Change +10.6%
QoQ Change +2.8%

Profitability Analysis

Net income came in at $1.7B, up 7.5% YoY and down 6.6% QoQ. Net margin was 28.8%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $1.7B
EPS $3.95
Net Margin 28.8%
QoQ Margin Change -2.9 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Adobe Systems Inc.'s revenue in Q2 2025?

Adobe Systems Inc. reported revenue of $5.9B in Q2 2025.

What was Adobe Systems Inc.'s net income in Q2 2025?

Adobe Systems Inc. reported net income of $1.7B in Q2 2025.

How did Adobe Systems Inc.'s revenue change year over year?

Adobe Systems Inc.'s revenue increased by 10.6% year over year in Q2 2025.

What was Adobe Systems Inc.'s net margin in Q2 2025?

Adobe Systems Inc.'s net margin was 28.8% in Q2 2025.

Related
Adobe Systems Inc. Q1 2025 Earnings

Compare this quarter with the previous earnings report.

Related
Adobe Systems Inc. Company Overview

Explore company profile, industry, and historical context.

Related
Adobe Systems Inc. Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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