ADBE - Adobe Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$341.12
DETAILS
HIGH:
$450.00
LOW:
$220.00
MEDIAN:
$330.00
CONSENSUS:
$341.12
UPSIDE:
39.37%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 23,769 | 21,505 | 19,409 | 17,606 | 15,785 | 12,868 | 11,171.3 | 9,030.0 | 7,301.5 | 5,854.4 | 4,795.5 | 4,147.1 | 4,055.2 | 4,403.7 | 4,216.3 | 3,800 | 2,945.9 | 3,579.9 | 3,157.9 | 2,575.3 | 1,966.3 | 1,666.6 | 1,294.7 | 1,164.8 | 1,229.7 | 1,266.4 | 1,015.4 | 894.8 | 911.9 | 786.6 | 762.3 | 597.8 | 313.5 |
| Cost of Revenue | 2,708 | 2,358 | 2,354 | 2,165 | 1,865 | 1,722 | 1,672.7 | 1,195.0 | 1,010.5 | 819.9 | 744.3 | 622.1 | 586.6 | 483.8 | 437.9 | 403.5 | 296.7 | 362.6 | 354.7 | 292.5 | 112.6 | 104.4 | 93.0 | 104.3 | 81.5 | 87.3 | 94.5 | 111.4 | 126.3 | 141.1 | 130.3 | 71.9 | 29.2 |
| Gross Profit | 21,061 | 19,147 | 17,055 | 15,441 | 13,920 | 11,146 | 9,498.6 | 7,835.0 | 6,291.0 | 5,034.5 | 4,051.2 | 3,525.0 | 3,468.7 | 3,919.9 | 3,778.4 | 3,396.5 | 2,649.1 | 3,217.3 | 2,803.2 | 2,282.8 | 1,853.7 | 1,562.2 | 1,201.7 | 1,060.5 | 1,148.3 | 1,179.1 | 920.9 | 783.4 | 785.6 | 645.4 | 632.0 | 525.9 | 284.3 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 4,294 | 3,944 | 3,473 | 2,987 | 2,540 | 2,188 | 1,930.2 | 1,537.8 | 1,224.1 | 976.0 | 862.7 | 844.4 | 826.6 | 742.8 | 738.1 | 680.3 | 565.1 | 662.1 | 613.2 | 539.7 | 365.3 | 311.3 | 277.0 | 246.1 | 224.1 | 240.2 | 197.5 | 207.3 | 170.9 | 152.9 | 138.6 | 99 | 0 |
| SG&A Expenses | 8,061 | 7,293 | 6,764 | 6,187 | 5,406 | 4,559 | 4,125.0 | 3,365.7 | 2,822.3 | 2,487.9 | 2,215.2 | 2,215.1 | 2,140.6 | 1,951.1 | 1,800.4 | 1,627.7 | 1,280.7 | 1,426.6 | 1,259.4 | 1,102.3 | 760.0 | 659.1 | 545.8 | 488.5 | 519.3 | 517.7 | 432.1 | 412.4 | 378.6 | 317.0 | 301.2 | 255 | 177.3 |
| Other Expenses | 0 | 1,169 | 168 | 169 | 172 | 162 | 175.2 | 91.1 | 76.6 | 77.0 | 68.6 | 72.3 | 78.8 | 48.7 | 0 | 0 | 0 | 0 | 73.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.6) | 28.7 | 57.6 | 53.2 | 236.5 |
| Operating Expenses | 12,355 | 12,406 | 10,405 | 9,343 | 8,118 | 6,909 | 6,230.5 | 4,994.6 | 4,122.9 | 3,540.9 | 3,146.5 | 3,112.3 | 3,046.0 | 2,742.6 | 2,538.5 | 2,308.0 | 1,845.8 | 2,088.7 | 1,945.6 | 1,641.9 | 1,125.3 | 970.4 | 822.8 | 734.6 | 743.5 | 757.9 | 629.6 | 619.8 | 548.9 | 498.6 | 497.5 | 407.2 | 413.8 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | 8,706 | 6,741 | 6,650 | 6,098 | 5,802 | 4,237 | 3,268.1 | 2,840.4 | 2,168.1 | 1,493.6 | 903.1 | 412.7 | 422.7 | 1,180.2 | 1,099.3 | 993.1 | 690.5 | 1,028.3 | 857.6 | 551.3 | 728.4 | 591.8 | 379.4 | 287.0 | 378.5 | 408.1 | 259.9 | 125.3 | 230.8 | 146.8 | 134.6 | 118.7 | 58.5 |
| Interest Expense | 263 | 164 | 113 | 112 | 113 | 116 | 157 | 89 | 74.4 | 70.4 | 64.2 | 59.7 | 67.5 | 67.5 | 67.0 | 57.0 | 3.4 | 10.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 341 | 269 | 61 | 17 | 43 | 68 | 93 | 66.1 | 47.3 | 28.8 | 21.4 | 21.9 | 24.5 | 24.5 | 21.9 | 35.0 | 43.8 | 92.8 | 0 | 0 | 13.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||
| EBITDA | 9,749 | 7,957 | 7,784 | 7,055 | 6,675 | 5,049 | 4,097.4 | 3,229.6 | 2,538.0 | 1,837.1 | 1,277.4 | 734.7 | 744.9 | 1,486.0 | 1,372.4 | 1,292.8 | 987.4 | 1,358.8 | 1,173.6 | 878.8 | 811.2 | 673.7 | 427.9 | 368.4 | 447.2 | 457.5 | 337.2 | 219.9 | 295.5 | 228.6 | 241.5 | 188.0 | 138.5 |
| EBIT | 8,931 | 7,100 | 6,912 | 6,098 | 5,814 | 4,292 | 3,360.7 | 2,883.1 | 2,168.1 | 1,493.6 | 938.0 | 421.1 | 423.6 | 1,186.3 | 1,102.2 | 1,000.1 | 704.9 | 1,088.5 | 858.1 | 571.0 | 728.4 | 608.6 | 378.9 | 304.9 | 390.5 | 414.2 | 286.5 | 163.6 | 236.1 | 173.0 | 181.1 | 130.2 | 88.6 |
| Income Before Tax | 8,734 | 6,931 | 6,799 | 6,008 | 5,705 | 4,176 | 3,204.7 | 2,793.9 | 2,137.6 | 1,435.1 | 873.8 | 361.4 | 356.1 | 1,118.8 | 1,035.2 | 943.2 | 701.5 | 1,078.5 | 947.2 | 679.7 | 765.8 | 608.6 | 380.5 | 284.7 | 306.9 | 443.7 | 374.4 | 167.7 | 296.1 | 244.8 | 163.9 | 40 | 72.4 |
| Income Tax Expense | 1,604 | 1,371 | 1,371 | 1,252 | 883 | (1,084) | 253.3 | 203.1 | 443.7 | 266.4 | 244.2 | 93.0 | 66.2 | 286.0 | 202.4 | 168.5 | 315.0 | 206.7 | 223.4 | 173.9 | 162.9 | 158.2 | 114.1 | 93.3 | 101.3 | 155.9 | 136.7 | 62.5 | 109.3 | 91.5 | 70.4 | 37.6 | 34 |
| Net Income | 7,130 | 5,560 | 5,428 | 4,756 | 4,822 | 5,260 | 2,951.5 | 2,590.8 | 1,694.0 | 1,168.8 | 629.6 | 268.4 | 290.0 | 832.8 | 832.8 | 774.7 | 386.5 | 871.8 | 723.8 | 505.8 | 602.8 | 450.4 | 266.3 | 191.4 | 205.6 | 287.8 | 237.8 | 105.1 | 186.8 | 153.3 | 93.5 | 15.3 | 42.0 |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | 16.73 | 12.44 | 11.88 | 10.13 | 10.10 | 10.94 | 6.07 | 5.28 | 3.43 | 2.35 | 1.26 | 0.51 | 0.58 | 1.68 | 1.67 | 1.49 | 0.74 | 1.62 | 1.24 | 0.85 | 1.23 | 0.95 | 0.57 | 0.41 | 0.43 | 0.61 | 0.49 | 0.20 | 0.33 | 0.25 | 0.16 | 0.03 | 0.14 |
| EPS (Diluted) | 16.70 | 12.36 | 11.83 | 10.10 | 10.02 | 10.83 | 6.00 | 5.20 | 3.38 | 2.32 | 1.24 | 0.50 | 0.56 | 1.66 | 1.65 | 1.47 | 0.73 | 1.59 | 1.21 | 0.83 | 1.19 | 0.91 | 0.55 | 0.40 | 0.42 | 0.56 | 0.46 | 0.19 | 0.32 | 0.25 | 0.16 | 0.03 | 0.14 |
| Shares Outstanding | 426 | 447.1 | 457 | 470 | 477 | 481 | 486.3 | 490.6 | 493.6 | 498.3 | 498.8 | 497.9 | 501.4 | 494.7 | 497.5 | 519.0 | 524.5 | 539.4 | 584.2 | 593.8 | 489.9 | 477.7 | 468.5 | 473.7 | 476.9 | 476.6 | 483.1 | 531.5 | 575.7 | 608.5 | 601.9 | 568.8 | 370.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 5,431 | 7,613 | 7,141 | 4,236 | 3,844 | 4,478 | 2,650 | 1,642.8 | 2,306.1 | 1,011.3 | 999.5 | 886.5 | 259.1 | 189.9 | 183.7 | 218.7 | 236.9 | 171.1 | 110.9 | 267.6 | 110.7 | 58.5 | 204.1 | 94.7 |
| Short-Term Investments | 1,164 | 273 | 701 | 1,860 | 1,954 | 1,514 | 1,527 | 1,586.2 | 3,513.7 | 3,750.0 | 905.0 | 1,132.8 | 1,054.2 | 906.6 | 434.1 | 363.0 | 443.0 | 327.6 | 161.7 | 235.4 | 453.4 | 457.5 | 240.6 | 0 |
| Net Receivables | 2,344 | 2,072 | 2,224 | 2,065 | 1,878 | 1,398 | 1,535 | 1,315.6 | 1,218.0 | 833.0 | 410.9 | 467.2 | 167.4 | 174.0 | 146.9 | 142.4 | 160.1 | 78.8 | 141.2 | 131.0 | 115.8 | 133.2 | 111.3 | 49.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.3 | 10.1 | 4.1 |
| Other Current Assets | 1,224 | 1,274 | 1,018 | 835 | 0 | 0 | 0 | 0 | 0 | 0 | 77.4 | 110.7 | 51.8 | 58.5 | 49.6 | 43.3 | 37.9 | 45.5 | 42.2 | 45.0 | 45.9 | 36.3 | 32.4 | 155.7 |
| Total Current Assets | 10,163 | 11,232 | 11,084 | 8,996 | 8,669 | 8,146 | 6,495 | 4,857.0 | 7,247.8 | 5,839.8 | 2,473.6 | 2,735.1 | 1,551.0 | 1,329.0 | 814.2 | 767.4 | 877.9 | 623.0 | 455.9 | 678.9 | 725.8 | 692.8 | 598.5 | 304.3 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 2,185 | 2,217 | 2,388 | 2,315 | 2,116 | 2,004 | 1,293 | 1,075.1 | 937.0 | 816.3 | 388.1 | 313.0 | 99.7 | 77.0 | 71.1 | 81.0 | 64.3 | 69.1 | 93.9 | 81.0 | 80.2 | 51.7 | 46.6 | 23.3 |
| Goodwill | 12,857 | 12,788 | 12,805 | 12,787 | 12,668 | 10,742 | 10,691 | 10,581.0 | 5,821.6 | 5,406.5 | 3,494.6 | 2,134.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 495 | 782 | 1,088 | 1,449 | 1,820 | 1,359 | 1,721 | 2,069.0 | 385.7 | 414.4 | 527.4 | 215.0 | 125.8 | 111.3 | 99.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.8 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80.4 | 207.2 | 207.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1,610 | 1,554 | 1,223 | 841 | 883 | 663 | 562 | 186.5 | 143.5 | 139.9 | 191.3 | 216.5 | 182.1 | 37.7 | 42.1 | 70.7 | 127.2 | 111.7 | 200.9 | 163.1 | 195.3 | 135.7 | 51.4 | 13.5 |
| Total Non-Current Assets | 19,333 | 18,998 | 18,695 | 18,169 | 18,572 | 16,138 | 14,267 | 13,911.6 | 7,287.7 | 6,857.5 | 4,808.6 | 3,086.5 | 407.6 | 226.0 | 237.4 | 163.3 | 191.5 | 180.8 | 311.4 | 261.1 | 275.6 | 191.9 | 111.5 | 48.6 |
| Total Assets | 29,496 | 30,230 | 29,779 | 27,165 | 27,241 | 24,284 | 20,762 | 18,768.7 | 14,535.6 | 12,697.2 | 7,282.2 | 5,821.6 | 1,958.6 | 1,555.0 | 1,051.6 | 930.6 | 1,069.4 | 803.9 | 767.3 | 940.1 | 1,001.4 | 884.7 | 710 | 352.9 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 417 | 361 | 314 | 379 | 312 | 306 | 209 | 186.3 | 113.5 | 88.0 | 58.9 | 55.8 | 43.2 | 37.4 | 37.8 | 30.9 | 40.3 | 35.7 | 48.7 | 57.9 | 43.1 | 25.6 | 34.4 | 9.8 |
| Short-Term Debt | 0 | 1,499 | 0 | 500 | 0 | 0 | 3,149 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 6,905 | 6,131 | 5,837 | 5,297 | 4,733 | 3,629 | 3,378 | 2,916.0 | 2,405.9 | 1,945.6 | 281.6 | 244.0 | 59.5 | 45.6 | 31.2 | 21.7 | 17.7 | 15.7 | 11.3 | 15.7 | 15.5 | 18.3 | 15.7 | 0 |
| Other Current Liabilities | 2,648 | 1,464 | 1,141 | 1,030 | 1,066 | 502 | 477 | 314.7 | 256.9 | 339.5 | 164.4 | 0 | 145.9 | 193.5 | 173.3 | 132.2 | 74.8 | 65.4 | 73.4 | 48.3 | 78.1 | 47.6 | 56.7 | 63.9 |
| Total Current Liabilities | 10,200 | 10,521 | 8,251 | 8,128 | 6,932 | 5,512 | 8,191 | 4,301.1 | 3,527.5 | 2,811.6 | 844.6 | 762.6 | 451.4 | 436.5 | 377.3 | 313.7 | 314.6 | 267.6 | 251.0 | 224.6 | 219.7 | 186.3 | 195.7 | 73.7 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 6,210 | 4,129 | 3,634 | 3,629 | 4,123 | 4,117 | 989 | 4,124.8 | 1,881.4 | 1,892.2 | 1,000 | 350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 5 | 10 | 140 | 46.7 | 279.9 | 217.7 | 252.5 | 117.3 | 78.9 | 17.7 | 0 | 0 | 2.3 | 24.0 | 0 | 0 | 3.8 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 977 | 994 | 890 | 823 | 786 | 752 | 789 | 796.3 | 298.3 | 281.8 | 257.9 | 150.0 | 4.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71.3 | 0 | 0 | 6.9 |
| Total Non-Current Liabilities | 7,673 | 5,604 | 5,010 | 4,986 | 5,512 | 5,508 | 2,041 | 5,105.4 | 2,548.2 | 2,460.8 | 1,547.1 | 648.6 | 83.7 | 17.7 | 0 | 0 | 2.3 | 24.0 | 0 | 0 | 75.2 | 0 | 0 | 6.9 |
| Total Liabilities | 17,873 | 16,125 | 13,261 | 13,114 | 12,444 | 11,020 | 10,232 | 9,406.6 | 6,075.7 | 5,272.4 | 2,391.7 | 1,411.2 | 535.2 | 454.2 | 377.3 | 313.7 | 316.9 | 291.6 | 251.0 | 224.6 | 294.9 | 186.3 | 195.7 | 80.6 |
| Stockholders' Equity | ||||||||||||||||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 29.6 | 29.6 | 29.6 | 625.4 | 530.8 | 369.1 | 306.9 | 0.0 | 0.0 | 293.3 | 204.0 | 0 |
| Retained Earnings | 45,354 | 38,470 | 33,346 | 28,319 | 23,905 | 19,611 | 14,829 | 11,815.6 | 9,573.9 | 8,114.5 | 5,299.9 | 4,913.4 | 2,238.8 | 1,800.4 | 1,545.8 | 1,366.2 | 1,172.5 | 896.2 | 732.7 | 663.9 | 529.5 | 390.8 | 315.6 | 222.7 |
| Accumulated Other Comprehensive Income | (245) | (201) | (285) | (293) | (137) | (158) | (188) | (148.1) | (111.8) | (173.6) | 24.4 | 57.2 | (2.3) | (1.0) | (4.0) | 3.9 | (0.7) | 40.3 | (1.9) | (1.0) | 28.4 | 14.4 | (5.3) | 0 |
| Total Stockholders' Equity | 11,623 | 14,105 | 16,518 | 14,051 | 14,797 | 13,264 | 10,530 | 9,362.1 | 8,459.9 | 7,424.8 | 4,890.6 | 4,410.4 | 1,423.5 | 1,100.8 | 674.3 | 617.0 | 752.5 | 512.2 | 516.4 | 715.4 | 706.5 | 698.4 | 514.3 | 272.3 |
| Total Liabilities & Equity | 29,496 | 30,230 | 29,779 | 27,165 | 27,241 | 24,284 | 20,762 | 18,768.7 | 14,535.6 | 12,697.2 | 7,282.2 | 5,821.6 | 1,958.6 | 1,555.0 | 1,051.6 | 930.6 | 1,069.4 | 803.9 | 767.3 | 940.1 | 1,001.4 | 884.7 | 710 | 352.9 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 6,648 | 6,056 | 4,080 | 4,633 | 4,673 | 4,708 | 4,138 | 4,124.8 | 1,881.4 | 1,892.2 | 1,000 | 350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 1,217 | (1,557) | (3,061) | 397 | 829 | 230 | 1,488 | 2,482.0 | (424.7) | 880.9 | 0.5 | (536.5) | (259.1) | (189.9) | (183.7) | (218.7) | (236.9) | (171.1) | (110.9) | (267.6) | (110.7) | (58.5) | (204.1) | (94.7) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||
| Net Income | 7,130 | 5,560 | 5,428 | 4,756 | 4,822 | 5,260 | 2,951.5 | 2,590.8 | 1,694.0 | 1,168.8 | 602.8 | 450.4 | 266.3 | 191.4 | 205.6 | 287.8 | 237.8 | 105.1 | 186.8 | 153.3 | 93.5 | 6.3 | 57 |
| Depreciation & Amortization | 818 | 894 | 872 | 856 | 788 | 757 | 624.7 | 346.5 | 326.0 | 331.5 | 64.3 | 60.8 | 49.0 | 63.5 | 56.6 | 43.3 | 50.8 | 56.3 | 59.4 | 55.6 | 60.4 | 53.2 | 26 |
| Stock-Based Compensation | 1,942 | 1,881 | 1,718 | 1,440 | 1,069 | 909 | 787.7 | 603.5 | 451.5 | 349.9 | 0 | 0.3 | 2.8 | 6.8 | 16.5 | 16.5 | 5.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 108 | 144 | (355) | 336 | 292 | 186 | 105.0 | 487.8 | 446.9 | 346.4 | (15.8) | 30.3 | 26.7 | 19.0 | 16.0 | (16.8) | 65.9 | 36.7 | (36.0) | 28.8 | (28.7) | 39.3 | 23.7 |
| Other Non-Cash Items | 152 | (82) | 65 | 122 | 76 | 116 | (50.3) | 469.7 | (57.1) | (21.1) | 86.1 | 95.6 | 51.8 | 54.1 | 141.5 | 112.4 | (26.2) | 9.1 | 2.6 | (32.9) | 58.6 | 56.2 | 0.2 |
| Operating Cash Flow | 10,031 | 8,056 | 7,302 | 7,838 | 7,223 | 5,727 | 4,421.3 | 4,029.3 | 2,912.9 | 2,199.7 | 730.4 | 683.7 | 433.1 | 329.3 | 418.7 | 444.6 | 334.2 | 203.5 | 208.6 | 198.1 | 177.0 | 142.5 | 107.7 |
| Investing Activities | |||||||||||||||||||||||
| Capital Expenditure | (179) | (232) | (360) | (442) | (330) | (419) | (334.0) | (266.6) | (178.1) | (203.8) | (48.9) | (63.2) | (39.5) | (31.6) | (46.6) | (29.8) | (42.2) | (59.7) | (33.9) | (45.9) | (34.1) | (28.5) | (14.4) |
| Acquisitions | (17) | 0 | 0 | (126) | (2,682) | 0 | (100.7) | (6,314.4) | (459.6) | (48.4) | (9.5) | (15.5) | 0 | 7.3 | (24.4) | (24.4) | (36.9) | (3.5) | (6.1) | (8.0) | (15.2) | 0 | 0 |
| Purchases of Investments | (1,125) | (58) | (53) | (955) | (1,575) | (221) | (243.2) | (584.6) | (57.9) | (711.2) | (1,884.2) | (1,214.5) | (927.9) | (617.1) | (849.1) | (502.9) | (271.0) | (1,278.2) | (2,657.3) | (2,364.0) | (2,614.3) | (1,734.4) | (672.7) |
| Sales/Maturities of Investments | 688 | 388 | 1,189 | 953 | 1,068 | 1,091 | 788.2 | 2,480 | 2,155.8 | 1,635.9 | 1,622.2 | 1,137.5 | 435.5 | 499.1 | 869.3 | 323.7 | 296.8 | 1,347.8 | 2,875.3 | 2,363.8 | 2,403.6 | 1,698 | 643.9 |
| Other Investing Activities | (554) | 51 | 0 | 0 | 0 | (865) | (565.4) | 0 | (1,903.1) | (1,632.4) | 0 | (120.9) | (16.5) | 0 | 24.4 | 5.4 | 127.4 | (46.6) | (11.1) | 7.2 | (96.0) | (41.7) | (4.7) |
| Investing Cash Flow | (1,187) | 149 | 776 | (570) | (3,537) | (414) | (455.1) | (4,685) | (442.9) | (960.0) | (320.4) | (276.6) | (548.4) | (142.3) | (26.4) | (228.1) | 74.2 | (40.3) | 166.9 | (46.9) | (355.9) | (106.6) | (47.9) |
| Financing Activities | |||||||||||||||||||||||
| Net Debt Issuance | 497 | 1,997 | (500) | 0 | 0 | (6) | 0 | 2,248 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (11,281) | (9,500) | (4,400) | (6,550) | (3,950) | (3,050) | (2,750) | (2,050) | (1,100) | (1,075) | (600.1) | (608.7) | (84.8) | (293.2) | (485.1) | (255.5) | (479.2) | (379.2) | (275.6) | (126.8) | (17.8) | (10.3) | (25.5) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (3.0) | (11.9) | (11.6) | (11.9) | (12.0) | (12.0) | (12.2) | (16.3) | (20.9) | (14.6) | (12.3) | (9.9) | (8.5) |
| Other Financing Activities | (420) | (430) | (596) | (553) | (642) | 249 | (429.0) | 189.4 | (242.1) | (161.3) | 0 | 0 | 0 | 0 | 0 | 0 | 1.0 | 2.8 | 6.4 | 0 | (3.3) | (0.5) | (1.1) |
| Financing Cash Flow | (11,060) | (7,724) | (5,182) | (6,825) | (4,301) | (3,488) | (2,946.0) | (5.6) | (1,183.7) | (1,090.7) | (246.6) | (224.5) | 117.0 | (223.3) | (409.6) | (148.3) | (347.5) | (321.8) | (219.2) | (101.5) | 36.9 | 26.5 | (19.8) |
| Cash Position | |||||||||||||||||||||||
| Net Change in Cash | (2,182) | 472 | 2,905 | 392 | (634) | 1,828 | 1,007.4 | (663.3) | 1,294.8 | 134.8 | 161.8 | 186.2 | 6.2 | (35.0) | (18.2) | 65.7 | 60.3 | (156.7) | 156.8 | 52.3 | (142.0) | 56 | (12.3) |
| Cash at Beginning | 7,613 | 7,141 | 4,236 | 3,844 | 4,478 | 2,650 | 1,642.8 | 2,306.1 | 1,011.3 | 876.6 | 259.1 | 189.9 | 183.7 | 218.7 | 236.9 | 171.1 | 110.9 | 267.6 | 110.7 | 58.5 | 200.5 | 134 | 47.2 |
| Cash at End | 5,431 | 7,613 | 7,141 | 4,236 | 3,844 | 4,478 | 2,650.2 | 1,642.8 | 2,306.1 | 1,011.3 | 420.8 | 376.1 | 189.9 | 183.7 | 218.7 | 236.9 | 171.1 | 110.9 | 267.6 | 110.7 | 58.5 | 190 | 34.9 |
| Free Cash Flow | 9,852 | 7,824 | 6,942 | 7,396 | 6,893 | 5,308 | 4,087.3 | 3,762.7 | 2,734.7 | 1,995.9 | 681.5 | 620.5 | 393.7 | 297.8 | 372.1 | 414.8 | 292.0 | 143.7 | 174.8 | 152.2 | 142.9 | 114 | 93.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 23,769 | 21,505 | 19,409 | 17,606 | 15,785 | 12,868 | 11,171.3 | 9,030.0 | 7,301.5 | 5,854.4 | 4,795.5 | 4,147.1 | 4,055.2 | 4,403.7 | 4,216.3 | 3,800 | 2,945.9 | 3,579.9 | 3,157.9 | 2,575.3 | 1,966.3 | 1,666.6 | 1,294.7 | 1,164.8 | 1,229.7 | 1,266.4 | 1,015.4 | 894.8 | 911.9 | 786.6 | 762.3 | 597.8 | 313.5 |
| Gross Profit | 21,061 | 19,147 | 17,055 | 15,441 | 13,920 | 11,146 | 9,498.6 | 7,835.0 | 6,291.0 | 5,034.5 | 4,051.2 | 3,525.0 | 3,468.7 | 3,919.9 | 3,778.4 | 3,396.5 | 2,649.1 | 3,217.3 | 2,803.2 | 2,282.8 | 1,853.7 | 1,562.2 | 1,201.7 | 1,060.5 | 1,148.3 | 1,179.1 | 920.9 | 783.4 | 785.6 | 645.4 | 632.0 | 525.9 | 284.3 |
| Operating Income | 8,706 | 6,741 | 6,650 | 6,098 | 5,802 | 4,237 | 3,268.1 | 2,840.4 | 2,168.1 | 1,493.6 | 903.1 | 412.7 | 422.7 | 1,180.2 | 1,099.3 | 993.1 | 690.5 | 1,028.3 | 857.6 | 551.3 | 728.4 | 591.8 | 379.4 | 287.0 | 378.5 | 408.1 | 259.9 | 125.3 | 230.8 | 146.8 | 134.6 | 118.7 | 58.5 |
| Net Income | 7,130 | 5,560 | 5,428 | 4,756 | 4,822 | 5,260 | 2,951.5 | 2,590.8 | 1,694.0 | 1,168.8 | 629.6 | 268.4 | 290.0 | 832.8 | 832.8 | 774.7 | 386.5 | 871.8 | 723.8 | 505.8 | 602.8 | 450.4 | 266.3 | 191.4 | 205.6 | 287.8 | 237.8 | 105.1 | 186.8 | 153.3 | 93.5 | 15.3 | 42.0 |
| EPS (Diluted) | 16.70 | 12.36 | 11.83 | 10.10 | 10.02 | 10.83 | 6.00 | 5.20 | 3.38 | 2.32 | 1.24 | 0.50 | 0.56 | 1.66 | 1.65 | 1.47 | 0.73 | 1.59 | 1.21 | 0.83 | 1.19 | 0.91 | 0.55 | 0.40 | 0.42 | 0.56 | 0.46 | 0.19 | 0.32 | 0.25 | 0.16 | 0.03 | 0.14 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 5,431 | 7,613 | 7,141 | 4,236 | 3,844 | 4,478 | 2,650 | 1,642.8 | 2,306.1 | 1,011.3 | 999.5 | 886.5 | 259.1 | 189.9 | 183.7 | 218.7 | 236.9 | 171.1 | 110.9 | 267.6 | 110.7 | 58.5 | 204.1 | 94.7 | |||||||||
| Total Assets | 29,496 | 30,230 | 29,779 | 27,165 | 27,241 | 24,284 | 20,762 | 18,768.7 | 14,535.6 | 12,697.2 | 7,282.2 | 5,821.6 | 1,958.6 | 1,555.0 | 1,051.6 | 930.6 | 1,069.4 | 803.9 | 767.3 | 940.1 | 1,001.4 | 884.7 | 710 | 352.9 | |||||||||
| Total Debt | 6,648 | 6,056 | 4,080 | 4,633 | 4,673 | 4,708 | 4,138 | 4,124.8 | 1,881.4 | 1,892.2 | 1,000 | 350 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Stockholders' Equity | 11,623 | 14,105 | 16,518 | 14,051 | 14,797 | 13,264 | 10,530 | 9,362.1 | 8,459.9 | 7,424.8 | 4,890.6 | 4,410.4 | 1,423.5 | 1,100.8 | 674.3 | 617.0 | 752.5 | 512.2 | 516.4 | 715.4 | 706.5 | 698.4 | 514.3 | 272.3 | |||||||||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 10,031 | 8,056 | 7,302 | 7,838 | 7,223 | 5,727 | 4,421.3 | 4,029.3 | 2,912.9 | 2,199.7 | 730.4 | 683.7 | 433.1 | 329.3 | 418.7 | 444.6 | 334.2 | 203.5 | 208.6 | 198.1 | 177.0 | 142.5 | 107.7 | ||||||||||
| Capital Expenditure | (179) | (232) | (360) | (442) | (330) | (419) | (334.0) | (266.6) | (178.1) | (203.8) | (48.9) | (63.2) | (39.5) | (31.6) | (46.6) | (29.8) | (42.2) | (59.7) | (33.9) | (45.9) | (34.1) | (28.5) | (14.4) | ||||||||||
| Free Cash Flow | 9,852 | 7,824 | 6,942 | 7,396 | 6,893 | 5,308 | 4,087.3 | 3,762.7 | 2,734.7 | 1,995.9 | 681.5 | 620.5 | 393.7 | 297.8 | 372.1 | 414.8 | 292.0 | 143.7 | 174.8 | 152.2 | 142.9 | 114 | 93.3 | ||||||||||