Adobe Inc. operates in 3 segments: Digital Media; Digital Experience; and Publishing and Advertising.
Segment Profit Margin
Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
---|---|---|---|---|---|---|
Digital Media | 95.32% | 95.63% | 96.28% | 96.19% | 96.24% | 96.06% |
Digital Experience | 67.24% | 66.03% | 65.84% | 63.97% | 62.22% | 67.25% |
Publishing and Advertising | 71.33% | 70.18% | 71.11% | 52.16% | 51.12% | 57.75% |
Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Digital Media | Digital Media segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Digital Experience | Digital Experience segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. | |
Publishing and Advertising | Publishing and Advertising segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Profit Margin: Digital Media
Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Gross profit | 13,551) | 12,281) | 11,091) | 8,881) | 7,417) | 6,076) |
Revenue | 14,216) | 12,842) | 11,520) | 9,233) | 7,707) | 6,325) |
Segment Profitability Ratio | ||||||
Segment profit margin1 | 95.32% | 95.63% | 96.28% | 96.19% | 96.24% | 96.06% |
Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
Segment profit margin = 100 × Gross profit ÷ Revenue
= 100 × 13,551 ÷ 14,216 = 95.32%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Digital Media | Digital Media segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Digital Experience
Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Gross profit | 3,290) | 2,920) | 2,546) | 1,999) | 1,739) | 1,394) |
Revenue | 4,893) | 4,422) | 3,867) | 3,125) | 2,795) | 2,073) |
Segment Profitability Ratio | ||||||
Segment profit margin1 | 67.24% | 66.03% | 65.84% | 63.97% | 62.22% | 67.25% |
Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
Segment profit margin = 100 × Gross profit ÷ Revenue
= 100 × 3,290 ÷ 4,893 = 67.24%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Digital Experience | Digital Experience segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Publishing and Advertising
Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Gross profit | 214) | 240) | 283) | 266) | 342) | 365) |
Revenue | 300) | 342) | 398) | 510) | 669) | 632) |
Segment Profitability Ratio | ||||||
Segment profit margin1 | 71.33% | 70.18% | 71.11% | 52.16% | 51.12% | 57.75% |
Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).
1 2023 Calculation
Segment profit margin = 100 × Gross profit ÷ Revenue
= 100 × 214 ÷ 300 = 71.33%
Segment profitability ratio | Reportable segment | The company |
---|---|---|
Segment profit margin | Publishing and Advertising | Publishing and Advertising segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Revenue
Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
---|---|---|---|---|---|---|
Digital Media | 14,216) | 12,842) | 11,520) | 9,233) | 7,707) | 6,325) |
Digital Experience | 4,893) | 4,422) | 3,867) | 3,125) | 2,795) | 2,073) |
Publishing and Advertising | 300) | 342) | 398) | 510) | 669) | 632) |
Total | 19,409) | 17,606) | 15,785) | 12,868) | 11,171) | 9,030) |
Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).
Gross profit
Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | Nov 30, 2018 | |
---|---|---|---|---|---|---|
Digital Media | 13,551) | 12,281) | 11,091) | 8,881) | 7,417) | 6,076) |
Digital Experience | 3,290) | 2,920) | 2,546) | 1,999) | 1,739) | 1,394) |
Publishing and Advertising | 214) | 240) | 283) | 266) | 342) | 365) |
Total | 17,055) | 15,441) | 13,920) | 11,146) | 9,498) | 7,835) |
Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).