Adobe annual free cash flow
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Adobe Free Cash Flow (FCF) History (ADBE)
Adobe reported $9.85B in free cash flow for fiscal 2025, an increase of 25.14% from the previous fiscal year, with a free cash flow margin of 41.45%.
View full Adobe company overviewAdobe free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-11-28 | $9.85B | $1.98B | +25.14% | +41.45% |
| 2024 | 2024-11-29 | $7.87B | $931.0M | +13.41% | +36.61% |
| 2023 | 2023-12-01 | $6.94B | −$454.0M | −6.14% | +35.77% |
| 2022 | 2022-12-02 | $7.40B | $514.0M | +7.47% | +42.01% |
| 2021 | 2021-12-03 | $6.88B | $1.57B | +29.65% | +43.60% |
| 2020 | 2020-11-27 | $5.31B | $1.28B | +31.81% | +41.25% |
| 2019 | 2019-11-29 | $4.03B | $265.0M | +7.04% | +36.05% |
| 2018 | 2018-11-30 | $3.76B | $1.03B | +37.56% | +41.66% |
| 2017 | 2017-12-01 | $2.73B | $738.8M | +37.02% | +37.45% |
| 2016 | 2016-12-02 | $2.00B | $711.4M | +55.38% | +34.09% |
| 2015 | 2015-11-27 | $1.28B | $145.4M | +12.77% | +26.79% |
| 2014 | 2014-11-28 | $1.14B | $175.8M | +18.25% | +27.47% |
| 2013 | 2013-11-29 | $963.3M | −$265.2M | −21.59% | +23.76% |
| 2012 | 2012-11-30 | $1.23B | −$104.5M | −7.84% | +27.90% |
| 2011 | 2011-12-02 | $1.33B | $389.7M | +41.31% | +31.62% |
| 2010 | 2010-12-03 | $943.4M | −$54.8M | −5.49% | +24.83% |
| 2009 | 2009-11-27 | $998.2M | −$170.7M | −14.60% | +33.88% |
| 2008 | 2008-11-28 | $1.17B | −$140.1M | −10.70% | +32.65% |
| 2007 | 2007-11-30 | $1.31B | — | — | +41.45% |
Adobe quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-05-29 | $2.11B | −$37.0M | −1.73% | +31.84% |
| Q1 2026 | 2026-02-27 | $2.92B | $465.0M | +18.93% | +45.65% |
| Q4 2025 | 2025-11-28 | $3.13B | $253.0M | +8.81% | +50.47% |
| Q3 2025 | 2025-08-29 | $2.13B | $162.0M | +8.25% | +35.50% |
| Q2 2025 | 2025-05-30 | $2.14B | $245.0M | +12.90% | +36.51% |
| Q1 2025 | 2025-02-28 | $2.46B | $1.32B | +116.01% | +42.98% |
| Q4 2024 | 2024-11-29 | $2.87B | $1.32B | +85.35% | +51.25% |
| Q3 2024 | 2024-08-30 | $1.96B | $182.0M | +10.21% | +36.32% |
| Q2 2024 | 2024-05-31 | $1.90B | −$119.0M | −5.90% | +35.77% |
| Q1 2024 | 2024-03-01 | $1.14B | −$455.0M | −28.58% | +21.94% |
| Q4 2023 | 2023-12-01 | $1.55B | −$684.0M | −30.62% | +30.71% |
| Q3 2023 | 2023-09-01 | $1.78B | $203.0M | +12.86% | +36.44% |
| Q2 2023 | 2023-06-02 | $2.02B | $104.0M | +5.43% | +41.90% |
| Q1 2023 | 2023-03-03 | $1.59B | −$77.0M | −4.61% | +34.20% |
| Q4 2022 | 2022-12-02 | $2.23B | $267.0M | +13.57% | +49.37% |
| Q3 2022 | 2022-09-02 | $1.58B | $270.0M | +20.63% | +35.62% |
| Q2 2022 | 2022-06-03 | $1.91B | $21.0M | +1.11% | +43.64% |
| Q1 2022 | 2022-03-04 | $1.67B | −$44.0M | −2.57% | +39.16% |
| Q4 2021 | 2021-12-03 | $1.97B | $288.0M | +17.15% | +47.86% |
| Q3 2021 | 2021-09-03 | $1.31B | −$1.0M | −0.08% | +33.27% |
| Q2 2021 | 2021-06-04 | $1.89B | $805.0M | +73.99% | +49.36% |
| Q1 2021 | 2021-03-05 | $1.71B | $482.0M | +39.16% | +43.87% |
| Q4 2020 | 2020-11-27 | $1.68B | $397.0M | +30.97% | +49.04% |
| Q3 2020 | 2020-08-28 | $1.31B | $477.0M | +57.26% | +40.62% |
| Q2 2020 | 2020-05-29 | $1.09B | $124.0M | +12.86% | +34.78% |
| Q1 2020 | 2020-02-28 | $1.23B | $283.0M | +29.85% | +39.83% |
| Q4 2019 | 2019-11-29 | $1.28B | $237.3M | +22.71% | +42.85% |
| Q3 2019 | 2019-08-30 | $833.0M | −$58.7M | −6.59% | +29.39% |
| Q2 2019 | 2019-05-31 | $964.0M | $32.9M | +3.53% | +35.13% |
| Q1 2019 | 2019-03-01 | $948.0M | $53.5M | +5.99% | +36.45% |
| Q4 2018 | 2018-11-30 | $1.04B | $249.2M | +31.32% | +42.39% |
| Q3 2018 | 2018-08-31 | $891.7M | $241.5M | +37.15% | +38.92% |
| Q2 2018 | 2018-06-01 | $931.1M | $341.6M | +57.94% | +42.41% |
| Q1 2018 | 2018-03-02 | $894.5M | $195.0M | +27.88% | +43.02% |
| Q4 2017 | 2017-12-01 | $795.5M | $148.6M | +22.96% | +39.65% |
| Q3 2017 | 2017-09-01 | $650.2M | $187.5M | +40.53% | +35.32% |
| Q2 2017 | 2017-06-02 | $589.5M | $154.6M | +35.54% | +33.27% |
| Q1 2017 | 2017-03-03 | $699.5M | $248.1M | +54.98% | +41.59% |
| Q4 2016 | 2016-12-02 | $647.0M | $257.1M | +65.96% | +40.22% |
| Q3 2016 | 2016-09-02 | $462.7M | $151.2M | +48.53% | +31.60% |
| Q2 2016 | 2016-06-03 | $435.0M | −$798,000 | −0.18% | +31.10% |
| Q1 2016 | 2016-03-04 | $451.3M | $303.9M | +206.05% | +32.63% |
| Q4 2015 | 2015-11-27 | $389.8M | $26.9M | +7.40% | +29.84% |
| Q3 2015 | 2015-08-28 | $311.5M | $98.0M | +45.87% | +25.58% |
| Q2 2015 | 2015-05-29 | $435.8M | $95.4M | +28.04% | +37.50% |
| Q1 2015 | 2015-02-27 | $147.5M | −$74.8M | −33.66% | +13.30% |
| Q4 2014 | 2014-11-28 | $363.0M | $83.1M | +29.70% | +33.82% |
| Q3 2014 | 2014-08-29 | $213.6M | $44.8M | +26.57% | +21.24% |
| Q2 2014 | 2014-05-30 | $340.3M | $87.4M | +34.57% | +31.86% |
| Q1 2014 | 2014-02-28 | $222.3M | −$39.6M | −15.11% | +22.23% |
| Q4 2013 | 2013-11-29 | $279.9M | −$112.0M | −28.58% | +26.87% |
| Q3 2013 | 2013-08-30 | $168.7M | −$17.2M | −9.24% | +16.96% |
| Q2 2013 | 2013-05-31 | $252.9M | −$134.6M | −34.73% | +25.03% |
| Q1 2013 | 2013-03-01 | $261.8M | −$1.4M | −0.54% | +25.98% |
| Q4 2012 | 2012-11-30 | $391.9M | −$30.0M | −7.11% | +33.97% |
| Q3 2012 | 2012-08-31 | $185.9M | −$73.7M | −28.40% | +17.20% |
| Q2 2012 | 2012-06-01 | $387.5M | $35.6M | +10.12% | +34.46% |
| Q1 2012 | 2012-03-02 | $263.3M | −$36.4M | −12.15% | +25.19% |
| Q4 2011 | 2011-12-02 | $421.9M | $166.7M | +65.31% | +36.61% |
| Q3 2011 | 2011-09-02 | $259.7M | $7.3M | +2.88% | +25.63% |
| Q2 2011 | 2011-06-03 | $351.8M | $150.4M | +74.64% | +34.39% |
| Q1 2011 | 2011-03-04 | $299.7M | $65.4M | +27.90% | +29.16% |
| Q4 2010 | 2010-12-03 | $255.2M | $36.3M | +16.58% | +25.32% |
| Q3 2010 | 2010-09-03 | $252.4M | $74.1M | +41.59% | +25.49% |
| Q2 2010 | 2010-06-04 | $201.5M | −$49.8M | −19.81% | +21.36% |
| Q1 2010 | 2010-03-05 | $234.3M | −$115.5M | −33.02% | +27.29% |
| Q4 2009 | 2009-11-27 | $218.9M | — | — | +28.91% |
| Q3 2009 | 2009-08-28 | $178.3M | — | — | +25.56% |
| Q2 2009 | 2009-05-29 | $251.2M | — | — | +35.65% |
| Q1 2009 | 2009-02-27 | $349.8M | — | — | +44.49% |
Adobe free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $5.31B to $9.85B, a compound annual growth rate of 13.17%. Adobe's latest reported quarter, Q2 2026, generated $2.11B in free cash flow, a decrease of 1.73% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Adobe filings at SEC.gov ↗