What period do these financial results cover?

These financial results are for Adobe Inc.'s second quarter of fiscal year 2025, which ended on May 30, 2025.

What are non-GAAP financial measures, and why does Adobe use them?

Non-GAAP financial measures are financial metrics that exclude certain items from generally accepted accounting principles (GAAP) measures. Adobe uses them, such as adjusted revenue growth and non-GAAP earnings per share, to provide investors with supplemental information on its operational performance, believing they offer a better understanding of the company's core profitability and trends by excluding items like stock-based compensation, acquisition costs, and amortization of intangibles. However, they should be used alongside GAAP results.

Are there any specific significant expenses excluded in the non-GAAP reporting?

Yes, the filing specifically mentions the exclusion of acquisition-related expenses, particularly those associated with the significant Figma transaction. Other notable exclusions are stock-based and deferred compensation expenses, amortization of intangibles, investment gains and losses, and certain lease-related charges.

Where can I find the detailed financial results?

The detailed financial results are provided in the press release furnished as Exhibit 99.1 to this 8-K filing. This press release is incorporated by reference into the report.

ADBE 8-K: Earnings & Results

Summary

Adobe Inc. (ADBE) has filed an 8-K report on June 12, 2025, to announce its second quarter fiscal year 2025 financial results for the period ending May 30, 2025. The report primarily references a press release furnished as an exhibit, which details the company's financial performance. Investors should note that Adobe utilizes non-GAAP measures extensively, such as adjusted or constant currency revenue growth, operating income, net income, diluted earnings per share, operating margin, and tax rate. These non-GAAP figures exclude items like stock-based compensation, amortization of intangibles, acquisition-related expenses (specifically mentioning the Figma transaction), investment gains/losses, accrued loss contingencies, lease-related impairments, and certain income tax adjustments. The company believes these non-GAAP measures provide a more meaningful view of its operational performance and comparability, especially when analyzed alongside GAAP results.

Key Highlights

1Adobe Inc. announced its Q2 FY2025 financial results on June 12, 2025.
2The report is primarily based on a furnished press release (Exhibit 99.1) containing the financial results.
3The company will be reporting using non-GAAP financial measures for revenue growth, operating income, net income, and EPS.
4Non-GAAP measures are presented to offer supplemental insights into operational performance and comparability.
5Key exclusions in non-GAAP reporting include stock-based compensation, amortization of intangibles, and acquisition-related expenses.
6Specific mention is made of excluding acquisition-related expenses for the Figma transaction.
7Adobe emphasizes that non-GAAP measures should be considered in conjunction with GAAP results.

ADOBE INC. 8-K Report, Financial Results (Jun 12, 2025)

Summary

Key Highlights

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