Adobe (ADBE) Revenue — Quarter Ended Sep 1, 2023
Revenue increased in the current quarter. The growth rate was lower than the prior quarter but higher than the same quarter last year.
Key takeaway
Quarter ended Sep 1, 2023 · FY2023 Q3
Revenue increased in the current quarter. The growth rate was lower than the prior quarter but higher than the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
+1.5%
Change from the immediately preceding quarter.
Year-over-year
+10.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 2, 2022 | $4.5B | +10.1% |
| Mar 3, 2023 | $4.7B | +9.2% |
| Jun 2, 2023 | $4.8B | +9.8% |
| Sep 1, 2023 | $4.9B | +10.3% |
Revenue performance
Revenue rose compared to the immediately preceding quarter. The pace of growth moderated from the prior period.
Quarterly comparison
Revenue was higher than the same quarter one year earlier. The year-over-year increase was larger than the sequential gain.
What to watch
The sequential growth rate decelerated from the prior quarter.