Company: Adobe Inc.
Ticker: ADBE
Form: 10-K
Filed: 2026-01-15
Fiscal Period: {"fp": "FY", "fy": 2025}

Question: What was Adobe Inc.'s operating cash flow margin in fiscal year 2025?
Question Type: derived_ratio

Concept: NetCashProvidedByUsedInOperatingActivities
Revenues
Answer (Numeric): 42.2
Answer (Display): 42.20%
Unit: percent

Evidence:
[{"chunk_id": "136", "equivalent_chunk_ids": ["136"], "section": "CONSOLIDATED STATEMENTS OF CASH FLOWS", "supports": ["numerator", "denominator"], "text": "(In millions)\nYears Ended\nNovember 28,\nNovember 29,\nDecember 1,\nCash flows from operating activities:\nNet income\n7,130\n5,560\n5,428\nAdjustments to reconcile net income to net cash provided by operating activities:\nDepreciation, amortization and accretion\nStock-based compensation\n1,942\n1,833\n1,718\nLease-related asset impairments\nDeferred income taxes\nOther non-cash items\nChanges in operating assets and liabilities, net of acquired assets and\nassumed liabilities:\nTrade receivables, net\nPrepaid expenses and other assets\nTrade payables\nAccrued expenses and other liabilities\nIncome taxes payable\nDeferred revenue\nNet cash provided by operating activities\n10,031\n8,056\n7,302\nCash flows from investing activities:\nPurchases of short-term investments\n2,034\nMaturities of short-term investments\n1,168\nProceeds from sales of short-term investments\nAcquisitions, net of cash acquired\nPurchases of property and equipment\nPurchases of long-term investments, intangibles and other assets\nOther investing activities, net\nNet cash provided by (used for) investing activities\n1,187\nCash flows from financing activities:\nRepurchases of common stock\n11,281\n9,500\n4,400\nProceeds from re-issuance of treasury stock\nTaxes paid related to net share settlement of equity awards\nProceeds from issuance of debt\n1,997\nRepayment of debt\n1,500\nOther financing activities, net\nNet cash used for financing activities\n11,060\n7,724\n5,182\nEffect of foreign currency exchange rates on cash and cash equivalents\nNet change in cash and cash equivalents\n2,182\n2,905\nCash and cash equivalents at beginning of year\n7,613\n7,141\n4,236\nCash and cash equivalents at end of year\n5,431\n7,613\n7,141\nSupplemental disclosures:\nCash paid for income taxes, net of refunds\n2,219\n1,727\n1,854\nCash paid for interest\nSee accompanying Notes to Consolidated Financial Statements.\nADOBE INC."}]

Derivation: {"denominator": "revenue", "denominator_value": 23769.0, "format": "percentage", "numerator": "operating_cash_flow", "numerator_value": 10031.0, "op": "divide"}