Adobe Reports Record Q4 and Fiscal 2022 Revenue

Adobe (Nasdaq:ADBE) today reported financial results for its fourth quarter and fiscal year 2022 ended Dec. 2, 2022.

“Adobe drove record revenue and operating income in fiscal 2022,” said Shantanu Narayen, chairman and CEO, Adobe. “Our market opportunity, unparalleled innovation, operational rigor and exceptional talent position us well to drive our next decade of growth.”

“Adobe’s outstanding financial performance in fiscal 2022 drove record operating cash flows of $7.84 billion,” said Dan Durn, executive vice president and CFO, Adobe. “Strong demand for our offerings, industry-leading innovation and track record of top- and bottom-line growth set us up to capture the massive opportunities in 2023 and beyond.”

Fourth Quarter Fiscal Year 2022 Financial Highlights
*Adobe achieved revenue of $4.53 billion in its fourth quarter of fiscal year 2022, which represents 10 percent year-over-year growth or 14 percent in constant currency. Diluted earnings per share was $2.53 on a GAAP basis and $3.60 on a non-GAAP basis.
*GAAP operating income in the fourth quarter was $1.51 billion and non-GAAP operating income was $2.02 billion. GAAP net income was $1.18 billion and non-GAAP net income was $1.68 billion.
*Record cash flows from operations were $2.33 billion.
*Remaining Performance Obligations (“RPO”) exiting the quarter were $15.19 billion.
*Adobe repurchased approximately 5.0 million shares during the quarter.

Fiscal Year 2022 Financial Highlights

  • Adobe achieved revenue of $17.61 billion in fiscal year 2022, which represents 12 percent year-over-year growth or 15 percent adjusted year-over-year growth1. Diluted earnings per share was $10.10 on a GAAP basis and $13.71 on a non-GAAP basis.
    *GAAP operating income was $6.10 billion and non-GAAP operating income was $7.95 billion. GAAP net income was $4.76 billion and non-GAAP net income was $6.46 billion.
    *Adobe generated a record $7.84 billion in operating cash flows during the year.
    *Adobe repurchased approximately 15.7 million shares during the year.
    details at: https://news.adobe.com/news/news-details/2022/Adobe-Reports-Record-Q4-and-Fiscal-2022-Revenue/default.aspx
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