Results
Adobe Reports Record Q3 Results
2Adobe AI-first ARR grew more than 150% year over year
8Achieves major milestone of 1 billion monthly active users (MAU) across creativity and productivity solutions
SAN JOSE, Calif. – Sept. 10, 2026 – Adobe (Nasdaq:ADBE), the global technology leader that unleashes creativity and productivity for individuals and businesses through innovative platforms and tools, today reported financial results for its third quarter FY2026 ended Aug. 28, 2026.
Management commentary
“Adobe delivered record Q3 results, reflecting the strength of our AI innovation, expanding customer reach and leadership across creativity, productivity and customer experience,” said Shantanu Narayen, chair and CEO, Adobe.
“Reaching a landmark of more than one billion monthly active users is a defining moment for Adobe, and I have confidence that Anil will build on this momentum to drive Adobe's next chapter of growth and innovation in the AI era.”
1“Adobe delivered double-digit revenue and EPS growth in Q3 and we're raising full year revenue and EPS targets,” said Steve Day, senior vice president and interim CFO, Adobe.Guidance raised
“We are expanding our user base through a freemium strategy and deepening engagement with agentic experiences to deliver long-term durable growth.”
Results
Third Quarter FY2026 Financial Highlights
3Adobe achieved record revenue of $6.76 billion in its third quarter of FY2026, which represents 13% year-over-year growth, or 12% in constant currency.
Diluted earnings per share was $4.62 on a GAAP basis and $6.13 on a non-GAAP basis.
Total Adobe Annualized Recurring Revenue (“ARR”) exiting the quarter was $27.50 billion.
GAAP operating income in the third quarter was $2.35 billion and non-GAAP operating income was $2.97 billion.
GAAP net income was $1.83 billion and non-GAAP net income was $2.42 billion.
Record Q3 cash flows from operations were $2.52 billion.
Exiting the quarter, Remaining Performance Obligations (“RPO”) were $22.16 billion, and Current Remaining Performance Obligations (“cRPO”) were 67%.
Capital return
Adobe repurchased approximately 9.5 million shares during the quarter.
Results
Third Quarter FY2026 Customer Group Highlights
5Total Customer Group subscription revenue was $6.56 billion, which represents 14% year-over-year growth, or 13% in constant currency.
6Business Professionals & Consumers subscription revenue was $1.91 billion, which represents 16% year-over-year growth, or 15% in constant currency.
7Creative & Marketing Professionals subscription revenue was $4.65 billion, which represents 13% year-over-year growth, or 12% in constant currency.
Outlook
Financial Targets
The following table summarizes Adobe’s fourth quarter FY2026 targets, which assumes current macroeconomic conditions:
Total revenue$6.80 billion to $6.85 billion
Business Professionals & Consumers subscription revenue$1.93 billion to $1.95 billion
Creative & Marketing Professionals subscription revenue$4.665 billion to $4.695 billion
Earnings per share 1GAAP: $4.65 to $4.70Non-GAAP: $6.30 to $6.35
1 Targets assume non-GAAP operating margin of ~44.0%, GAAP tax rate of ~22.0%, non-GAAP tax rate of ~18.0% and diluted share count of ~389 million for fourth quarter FY2026.
The following table summarizes Adobe’s updated FY2026 targets:
Total revenue$26.576 billion to $26.626 billion
Business Professionals & Consumers subscription revenue$7.470 billion to $7.490 billion
Creative & Marketing Professionals subscription revenue$18.242 billion to $18.272 billion
4Total Adobe ending ARR growth10.2% year over year
Earnings per share 2GAAP: $18.12 to $18.17Non-GAAP: $24.45 to $24.50
2 Targets assume non-GAAP operating margin of ~45.0%, GAAP tax rate of ~22.5%, non-GAAP tax rate of ~18.0% and diluted share count of ~400 million for FY2026.
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