Adobe (ADBE) Revenue — Quarter Ended May 31, 2024
Revenue for the reported quarter rose relative to the prior quarter and the same period last year. The filing highlights a significant termination fee that adversely affected net income, though revenue trends remain positive.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q2
Revenue for the reported quarter rose relative to the prior quarter and the same period last year. The filing highlights a significant termination fee that adversely affected net income, though revenue trends remain positive.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.3B
Revenue reported for this quarter.
Quarter-over-quarter
+2.5%
Change from the immediately preceding quarter.
Year-over-year
+10.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.4B
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 |
|---|---|---|
| Sep 1, 2023 | $4.9B | +10.3% |
| Dec 1, 2023 | $5B | +11.6% |
| Mar 1, 2024 | $5.2B | +11.3% |
| May 31, 2024 | $5.3B | +10.2% |
Revenue performance
Revenue increased in the reported quarter, continuing the upward trajectory seen in recent periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. Compared to the same quarter one year earlier, revenue also showed an increase.
What to watch
The adverse impact of the Figma termination fee on net income, as disclosed in the filing, warrants attention.