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Adobe Inc   (ADBE)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 

ADBE's Net Income Growth by Quarter and Year

Adobe Inc 's Net Income results by quarter and year




ADBE Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1,483.00 1,176.00 1,212.00 1,100.00
III Quarter September 1,403.00 1,136.00 1,116.00 955.00
II Quarter June 1,295.00 1,178.00 1,261.00 851.86
I Quarter March 1,247.00 1,266.00 2,412.24 792.76
FY   5,428.00 4,756.00 6,001.24 3,699.62



ADBE Net Income fourth quarter 2023 Y/Y Growth Comment
Adobe Inc achieved in the fourth quarter 2023, above Company average Net Income growth of 26.11% year on year, to $ 1,483.00 millions.

Among companies who have reported fourth quarter 2023 results in the Software & Programming industry only one Company has achieved higher year on year Net Income results in the fourth quarter 2023. While Adobe Inc ' s Net Income rise of 26.11% ranks overall at the positon no. 56 in the fourth quarter 2023.




ADBE Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 26.11 % -2.97 % 10.18 % 73.89 %
III Quarter September 23.5 % 1.79 % 16.86 % 41.64 %
II Quarter June 9.93 % -6.58 % 48.03 % 25.6 %
I Quarter March -1.5 % -47.52 % 204.28 % 18.98 %
FY   14.13 % -20.75 % 62.21 % 39.54 %

Financial Statements
Adobe Inc 's fourth quarter 2023 Net Income $ 1,483.00 millions ADBE's Income Statement
Adobe Inc 's fourth quarter 2022 Net Income $ 1,176.00 millions Quarterly ADBE's Income Statement
New: More ADBE's historic Net Income Growth >>


ADBE Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December 5.7 % 3.52 % 8.6 % 15.18 %
III Quarter September 8.34 % -3.57 % -11.5 % 12.11 %
II Quarter June 3.85 % -6.95 % -47.72 % 7.45 %
I Quarter March 6.04 % 4.46 % 119.29 % 25.32 %
FY (Year on Year)   14.13 % -20.75 % 62.21 % 39.54 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry #2
Technology Sector #12
Overall #56

Net Income Y/Y Growth Statistics
High Average Low
290.42 % 25.14 % -100 %
(Aug 28 2015)   (Dec 02 2011)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry #2
Technology Sector #12
Overall #56
Net Income Y/Y Growth Statistics
High Average Low
290.42 % 25.14 % -100 %
(Aug 28 2015)   (Dec 02 2011)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Adobe Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
94.12 % 4.89 % -100 %
(Nov. 29. 2006)  


ADBE's IV. Quarter Q/Q Net Income Comment
Adobe Inc achieved in the IV. Quarter 2023 above company average sequential Net Income increase of 5.7%, to $ 1,483.00 millions, from $1,403.00 millions in the third quarter.

Within Software & Programming industry Adobe Inc achieved highest sequential Net Income growth. While Adobe Inc 's Net Income growth quarter on quarter, overall rank is 27.


Net Income Q/Q Growth Company Ranking
Within: No.
Software & Programming Industry #1
Technology Sector #5
Overall #27
Net Income Q/Q Growth Company Ranking
Within: No.
Software & Programming Industry #1
Technology Sector #5
Overall #27
Net Income Q/Q Growth Statistics
High Average Low
94.12 % 4.89 % -100 %
(Nov. 29. 2006)  


ADBE's IV. Quarter Q/Q Net Income Comment
Adobe Inc achieved in the IV. Quarter 2023 above company average sequential Net Income increase of 5.7%, to $ 1,483.00 millions, from $1,403.00 millions in the third quarter.

Within Software & Programming industry Adobe Inc achieved highest sequential Net Income growth. While Adobe Inc 's Net Income growth quarter on quarter, overall rank is 27.


Adobe Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 01 2023)
12 Months Ending
(Sep 01 2023)
12 Months Ending
(Jun 02 2023)
12 Months Ending
(Mar 03 2023)
12 Months Ending
(Dec 02 2022)
Cumulative Net Income 12 Months Ending $ 5,428.00 $ 5,121.00 $ 4,854.00 $ 4,737.00 $ 4,756.00
Y / Y Net Income Growth (TTM) 14.13 % 6.87 % 1.72 % -2.43 % -20.75 %
Year on Year Net Income Growth Overall Ranking # 47 # 6 # 13 # 0 # 1208
Seqeuential Net Income Change (TTM) 5.99 % 5.5 % 2.47 % -0.4 % -0.75 %
Seq. Net Income Growth (TTM) Overall Ranking # 32 # 4 # 11 # 0 # 1658




Cumulative Net Income growth Comment
Although Adobe Inc 's Annual Net Income growth year on year were below company's average 28.74% , Net Income announced in the Dec 01 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 14.13% year on year, from 6.87% in Sep 01 2023. Adobe Inc had also the second highest Net Income growth in Software & Programming industry.

Among companies within the Technology sector 7 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 6 to 47.

Net Income TTM Q/Q Growth Statistics
High Average Low
174.19 %
28.74 %
-65.18 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry # 2
Technology Sector # 8
Overall # 47

Net Income TTM Y/Y Growth Statistics
High Average Low
174.19 %
28.74 %
-65.18 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 7
S&P 500 # 32
Cumulative Net Income growth Comment
Although Adobe Inc 's Annual Net Income growth year on year were below company's average 28.74% , Net Income announced in the Dec 01 2023 period, show improvement in Net Income trend, to cumulative trailing twelve month growth of 14.13% year on year, from 6.87% in Sep 01 2023. Adobe Inc had also the second highest Net Income growth in Software & Programming industry.

Among companies within the Technology sector 7 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 6 to 47.

Net Income TTM Q/Q Growth Statistics
High Average Low
174.19 %
28.74 %
-65.18 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Software & Programming Industry # 2
Technology Sector # 8
Overall # 47

Net Income TTM Y/Y Growth Statistics
High Average Low
174.19 %
28.74 %
-65.18 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 2
Sector # 7
S&P 500 # 32




Other Net Income Growth
Software & Programming Industry Net Income Growth Trends and Statistics
Technology Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
ADBE's Net Income Growth Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for ADBE's Competitors
Net Income Growth for Adobe Inc 's Suppliers
Net Income Growth for ADBE's Customers

You may also want to know
ADBE's Annual Growth Rates ADBE's Profitability Ratios ADBE's Asset Turnover Ratio ADBE's Dividend Growth
ADBE's Roe ADBE's Valuation Ratios ADBE's Financial Strength Ratios ADBE's Dividend Payout Ratio
ADBE's Roa ADBE's Inventory Turnover Ratio ADBE's Growth Rates ADBE's Dividend Comparisons



Companies with similar Net Income growth for the quarter ending Dec 01 2023 within Technology SectorY/Y Change %Net Income for the quarter ending Dec 01 2023
Arista Networks inc 43.68%$ 43.679 millions
Doximity Inc 43.29%$ 43.289 millions
Electronic Arts Inc 42.16%$ 42.157 millions
Trade Desk Inc 36.71%$ 36.715 millions
Cadence Design Systems Inc 34.74%$ 34.738 millions
Cirrus Logic Inc 34.06%$ 34.062 millions
Leidos Holdings Inc 27.78%$ 27.778 millions
Karooooo Ltd 27.74%$ 27.738 millions
Adobe Inc 26.11%$ 26.105 millions
Qualcomm Inc23.80%$ 23.803 millions
Jack Henry and Associates Inc 13.85%$ 13.853 millions
Endava Plc13.32%$ 13.322 millions
Apple Inc 13.06%$ 13.061 millions




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