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

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

Concept: NetIncomeLoss
Revenues
Answer (Numeric): 30.0
Answer (Display): 30.00%
Unit: percent

Evidence:
[{"chunk_id": "133", "equivalent_chunk_ids": ["133"], "section": "CONSOLIDATED STATEMENTS OF INCOME", "supports": ["numerator", "denominator"], "text": "(In millions, except per share data)\nYears Ended\nNovember 28,\nNovember 29,\nDecember 1,\nRevenue:\nSubscription\n22,904\n20,521\n18,284\nProduct\nServices and other\nTotal revenue\n23,769\n21,505\n19,409\nCost of revenue:\nSubscription\n2,027\n1,799\n1,822\nProduct\nServices and other\nTotal cost of revenue\n2,551\n2,358\n2,354\nGross profit\n21,218\n19,147\n17,055\nOperating expenses:\nResearch and development\n4,294\n3,944\n3,473\nSales and marketing\n6,488\n5,764\n5,351\nGeneral and administrative\n1,573\n1,529\n1,413\nAcquisition termination fee\n1,000\nAmortization of intangibles\nTotal operating expenses\n12,512\n12,406\n10,405\nOperating income\n8,706\n6,741\n6,650\nNon-operating income (expense):\nInterest expense\nInvestment gains (losses), net\nOther income (expense), net\nTotal non-operating income (expense), net\nIncome before income taxes\n8,734\n6,931\n6,799\nProvision for income taxes\n1,604\n1,371\nNet income\n7,130\n5,560\n5,428\nBasic net income per share\n16.73\n12.43\n11.87\nShares used to compute basic net income per share\nDiluted net income per share\n16.70\n12.36\n11.82\nShares used to compute diluted net income per share\nSee accompanying Notes to Consolidated Financial Statements.\nADOBE INC."}]

Derivation: {"denominator": "revenue", "denominator_value": 23769.0, "format": "percentage", "numerator": "net_income", "numerator_value": 7130.0, "op": "divide"}