Home Adobe Systems Triples Annual Revenue in 7 Years, Net Profit Up 78% from 2019
Finance News

Adobe Systems Triples Annual Revenue in 7 Years, Net Profit Up 78% from 2019

Rex Pascual Finance News Writer Author expertise
Fact Checked
Fact Checked
Everything you read on our site is provided by expert writers who have many years of experience in the financial markets and have written for other top financial publications. Every piece of information here is fact-checked. We sometimes use affiliate links in our content, when clicking on those we might receive a commission - at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Disclosure
Disclosure
We do our best to help you make intelligent financial decisions. Tradingplatforms.com is compensated if you access certain products or services offered by eToro USA LLC and/or eToro USA Securities Inc. and other brokerage companies. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success. This however does not affect our assessments of the brokers, their features, and their overall rating.

One of the big names in the software industry, Adobe posted record numbers with regards to their revenue in 2020. According to data presented by Trading Platforms, Adobe System nearly tripled its annual revenue in the last 7 years, reaching $13B in 2020.

Adobe a US Company with a Credible Name in the Software Industry

Adobe was founded in 1992 and started primarily as a provider of multimedia and creative software. Adobe first became a household name with the pioneering Adobe Flash. It is also the maker of popular image editing software, Photoshop as well as the popular portable file format PDF.

Fuelled by a strong research and development department, the company has also kept innovating, recently entering the cloud market with their flagship products being the Adobe Creative Cloud and Document Cloud. Considered as one of the pioneers among the more modern software providers, Adobe’s credibility allowed them to amass over 10 million subscribers to their Creative Cloud system to date.

!function(e,i,n,s){var t=”InfogramEmbeds”,d=e.getElementsByTagName(“script”)[0];if(window[t]&&window[t].initialized)window[t].process&&window[t].process();else if(!e.getElementById(n)){var o=e.createElement(“script”);o.async=1,o.id=n,o.src=”https://e.infogram.com/js/dist/embed-loader-min.js”,d.parentNode.insertBefore(o,d)}}(document,0,”infogram-async”);

Adobe Triples Revenue in Seven Years, Net Profit Increased 78%

In the 2020 fiscal year, Adobe posted a company record $12.87B in revenue. This is a 15% increase from the 2019 fiscal year revenue numbers and over one billion dollars more. Furthermore, 2020’s record is almost triple the revenue made in 2013 which was just over $4B.

Even more impressive was Adobe’s net profit for the fiscal year of 2020, which was a record $5.2B – a staggering 78% increase from 2019.

Quarterly Net Income for Q4 2020 More than Doubled From Previous Quarters

Q4 of the fiscal year 2020 also posted a record high for Adobe as it recorded $2.3B in net income. This is a 135% increase from the previous quarter and 105% more than the previous record of $1.1B set in Q2 of the same year.

Research and Development Spending Fuels Adobe’s Innovation

Adobe has managed to remain a mainstay of the software industry by investing heavily in its research and development (R&D) department, allowing it to innovate whenever the industry called for it. In 2020 Adobe spent $2.19B on R&D compared to $863M in 2015 – an increase of over 150%.

Question & Answers (0)

Have a question? Our panel of experts will answer your queries. Post my Question

Leave a Comment

Write a Review

Your email address will not be published. Required fields are marked *

Rex Pascual Finance News Writer

Rex Pascual Finance News Writer

Rex is an Editor who specializes in creating high-quality content about Esports, Sports, Finance, CBD and Tech. Rex is an experienced SEO writer who is passionate about creating content that is user-focused. 

Before working with Finixio, Pascual worked as a Senior Contributor for GiveMeSport, an SEO Content Executive for Gamesys and a Freelance Write for Write Label. Rex developed his content writing skills while studying at University where he received a Bachelor of International Studies. 

Rex is active in the finance space and uses his industry knowledge to write regular news posts for Trading Platforms. He uses accurate sources to deliver content that is timely, helpful and informative.