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Adobe vs Salesforce: revenue, profit, margins and growth compared

Adobe brought in $23.8B of revenue in fiscal 2025, Salesforce $41.5B in fiscal 2025. Revenue changed by +10.5% at Adobe and +9.6% at Salesforce on the year before, so Adobe grew faster. Adobe kept 30.0% of its revenue as net profit, Salesforce 18.0%. Free cash flow was $9.9B at Adobe and $14.4B at Salesforce.

Side by side, latest fiscal year

ADBECRM
Fiscal year endedFY2025 (November 28, 2025)FY2025 (January 31, 2026)
Revenue$23.8B$41.5B
Revenue growth+10.5%+9.6%
Net income$7.1B$7.5B
Net margin30.0%18.0%
Free cash flow$9.9B$14.4B
Free cash flow margin41.4%34.7%
Earnings per share (diluted)$16.70$7.80
Cash$5.4B$7.3B
Debt$6.2B$14.4B
Price to earnings14.130.0
Market value$93.6B$191.7B
Dividend yieldn/an/a
Rank by revenue in sector#30 of 530 · Technology#18 of 530 · Technology

Over the years

Revenue
ADBE FY2018: $9BADBE FY2019: $11.2BADBE FY2020: $12.9BADBE FY2021: $15.8BADBE FY2022: $17.6BADBE FY2023: $19.4BADBE FY2024: $21.5BADBE FY2025: $23.8BCRM FY2019: $13.3BCRM FY2020: $17.1BCRM FY2020: $21.3BCRM FY2022: $26.5BCRM FY2023: $31.4BCRM FY2024: $34.9BCRM FY2025: $37.9BCRM FY2025: $41.5BFY18FY19FY20FY21FY22FY23FY24FY25
ADBE $23.8BCRM $41.5B
Net income
ADBE FY2018: $2.6BADBE FY2019: $3BADBE FY2020: $5.3BADBE FY2021: $4.8BADBE FY2022: $4.8BADBE FY2023: $5.4BADBE FY2024: $5.6BADBE FY2025: $7.1BCRM FY2019: $1.1BCRM FY2020: $126MCRM FY2020: $4.1BCRM FY2022: $1.4BCRM FY2023: $208MCRM FY2024: $4.1BCRM FY2025: $6.2BCRM FY2025: $7.5BFY18FY19FY20FY21FY22FY23FY24FY25
ADBE $7.1BCRM $7.5B
Net margin
ADBE FY2018: 28.7%ADBE FY2019: 26.4%ADBE FY2020: 40.9%ADBE FY2021: 30.5%ADBE FY2022: 27.0%ADBE FY2023: 28.0%ADBE FY2024: 25.9%ADBE FY2025: 30.0%CRM FY2019: 8.4%CRM FY2020: 0.7%CRM FY2020: 19.2%CRM FY2022: 5.5%CRM FY2023: 0.7%CRM FY2024: 11.9%CRM FY2025: 16.4%CRM FY2025: 18.0%FY18FY19FY20FY21FY22FY23FY24FY25
ADBE 30.0%CRM 18.0%
Revenue growth
ADBE FY2019: +23.7%ADBE FY2020: +15.2%ADBE FY2021: +22.7%ADBE FY2022: +11.5%ADBE FY2023: +10.2%ADBE FY2024: +10.8%ADBE FY2025: +10.5%CRM FY2020: +28.7%CRM FY2020: +24.3%CRM FY2022: +24.7%CRM FY2023: +18.3%CRM FY2024: +11.2%CRM FY2025: +8.7%CRM FY2025: +9.6%FY19FY20FY21FY22FY23FY24FY25
ADBE +10.5%CRM +9.6%
Free cash flow
ADBE FY2018: $3.8BADBE FY2019: $4BADBE FY2020: $5.3BADBE FY2021: $6.9BADBE FY2022: $7.4BADBE FY2023: $6.9BADBE FY2024: $7.9BADBE FY2025: $9.9BCRM FY2019: $2.8BCRM FY2020: $3.7BCRM FY2020: $4.1BCRM FY2022: $5.3BCRM FY2023: $6.3BCRM FY2024: $9.5BCRM FY2025: $12.4BCRM FY2025: $14.4BFY18FY19FY20FY21FY22FY23FY24FY25
ADBE $9.9BCRM $14.4B

Fiscal years as each company reports them; the two may end in different months.

Questions about Adobe and Salesforce

Which is bigger by revenue, Adobe or Salesforce?

Salesforce is bigger by revenue: $41.5B in fiscal 2025, against $23.8B for Adobe in fiscal 2025.

Which keeps more of its revenue as profit, Adobe or Salesforce?

Adobe had a net margin of 30.0% in fiscal 2025; Salesforce had 18.0% in fiscal 2025.

Which grew revenue faster, Adobe or Salesforce?

In their latest fiscal years revenue changed by +10.5% at Adobe and +9.6% at Salesforce.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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