Adobe Financials

Adobe generated $17.6 billion in revenue in 2022, compared to $15.8 billion in 2021 and $12.9 billion in 2020. Adobe generated $4.75 billion in profits in 2022, compared to $4.82 billion in 2021 and $5.26 billion in 2020. Related Visual Stories Adobe Revenue Adobe generated $17.6 billion in revenue in 2022, compared to $15.8 billion in 2021 and $12.9 billion in 2020. Adobe Revenue Breakdown Adobe generated most of its revenue (93%) from subscriptions in 2022. Indeed, the company generated $16.39 billion in subscription revenue in 2022 compared to $686 million from services, and $532 million from product Adobe Subscription Revenue Adobe generates most of its revenue from subscriptions. The subscription business consists of digital media, digital experiences, and publishing & advertising. Indeed, in 2022, Adobe generated $12.38 billion in digital media, $3.88 billion in digital experiences, and $123 million from publishing & advertising. Adobe Digital Media Revenue The Adobe digital media business consists of two segments: creative cloud and document cloud. In 2022, Adobe generated $10.46 billion from creative cloud vs. $2.38 from document cloud. Adobe Cost Structure Adobe has a cost structure skewed toward subscriptions, which carry a high gross margin compared to other segments. Indeed, subscriptions generate most of the revenue for Adobe, and in 2022, for instance, on $17.6 billion in revenue, $2.16 in cost of revenue, and $15.44 in gross margins. Adobe Employees Adobe had 29,239 employees in 2022, compared to 25,988 employees in 2021 and 22,516 employees in 2020. Adobe Revenue Per Employee Adobe generated over $600K per employee in 2022, compared to over $607K in 2021 and over $571K in 2020. Adobe Sales & Marketing Expenses Adobe spent $4.97 billion in sales and marketing expenses in 2022, which represented 28% of its total revenue. Compared to $4.32 billion in 2021, which represented 27% of its total revenue. Adobe R&D Costs Adobe spent $2.99 billion in R&D expenses in 2022, which represented 17% of its total revenue, vs. $2.54 billion in 2021, which represented 16% of its total revenue.

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Gennaro Cuofano