Adobe (ADBE) Earnings: Q3 Fiscal 2026 Results and Next Report Date

The quarter ended August 28, 2026 and Adobe published the results on September 10, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Adobe reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• In Q1 fiscal 2026 Adobe combined its Digital Media, Digital Experience and Publishing and Advertising segments into a single reportable segment. It now breaks out subscription revenue by two customer groups, with prior periods recast.
• Adobe completed its acquisition of Semrush on April 28, 2026, for $1.87 billion. Adobe says the effect on its financial statements was not material.

Source: Adobe Q3 fiscal 2026 results, September 10, 2026. Also in the Form 10-Q for the quarter ended August 28, 2026. Figures as reported; checked against the release on November 10, 2026.

How Adobe splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• Adobe's Creative & Marketing Professionals revenue was $4.7 billion in Q3 fiscal 2026, up 13% from $4.1 billion in Q3 fiscal 2025, 69% of total revenue.
• Adobe's Business Professionals & Consumers revenue was $1.9 billion in Q3 fiscal 2026, up 16% from $1.6 billion in Q3 fiscal 2025, 28% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Adobe's Q4 fiscal 2026 targets table also gives Creative & Marketing Professionals subscription revenue of $4.665 billion to $4.695 billion, GAAP EPS of $4.65 to $4.70 and non-GAAP EPS of $6.30 to $6.35. The last quote is from Steve Day, interim CFO.

In its Q3 fiscal 2026 release, Adobe said:

“Total revenue $6.80 billion to $6.85 billion”

“Business Professionals & Consumers subscription revenue $1.93 billion to $1.95 billion”

“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.”

“Adobe delivered double-digit revenue and EPS growth in Q3 and we're raising full year revenue and EPS targets”

Source: Adobe Q3 fiscal 2026 release, Sep 10, 2026.

This is the company's own guidance as of Sep 10, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ADBE forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release.

Adobe's next report is scheduled for December 9, 2026. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Sep 10, 2026

Adobe is almost entirely a subscription business. Subscription revenue was $6,582 million of $6,760 million total revenue in Q3 fiscal 2026, or 97%, with product revenue of $67 million and services and other $111 million. Total revenue grew 13%, or 12% in constant currency. (Adobe Q3 fiscal 2026 release, Sep 10, 2026; Adobe Form 10-Q, Q3 fiscal 2026, Sep 22, 2026)

Adobe splits subscription revenue into two customer groups. Creative & Marketing Professionals, $4,651 million and up 13%, covers Creative Cloud flagship apps such as Photoshop, Lightroom, Illustrator and Premiere plus its customer experience orchestration offerings. Business Professionals & Consumers, $1,905 million and up 16%, covers Adobe Acrobat offerings and Adobe Express. (Adobe Form 10-Q, Q3 fiscal 2026, Sep 22, 2026)

Adobe's main growth measure is Total Adobe ARR, the annual value of subscription contracts in the two customer groups. It reached $27.50 billion at the end of Q3 fiscal 2026, up 11.2%, which Adobe attributed to Creative Cloud flagship apps, Acrobat, and Adobe Experience Manager and agentic web apps, including the contribution from Semrush, acquired on April 28, 2026 for $1.87 billion. (Adobe Form 10-Q, Q3 fiscal 2026, Sep 22, 2026)

By geography, Adobe's Q3 revenue was $3,974 million in the Americas, $1,852 million in EMEA and $934 million in APAC. Remaining performance obligations were $22.16 billion, up 8% from $20.44 billion a year earlier, with 67% classified as current. (Adobe Form 10-Q, Q3 fiscal 2026, Sep 22, 2026; Adobe Q3 fiscal 2026 release, Sep 10, 2026)

Adobe's GAAP diluted EPS was $4.62 in Q3 fiscal 2026 and its non-GAAP EPS $6.13. The largest exclusion is stock-based and deferred compensation, $544 million or $1.38 per share. Non-GAAP also adds back amortization of intangibles ($0.15) and acquisition-related expenses ($0.04), and removes investment gains ($0.05) and income tax adjustments ($0.01). (Adobe Q3 fiscal 2026 release, Sep 10, 2026)

Adobe's EPS grew faster than its net income because of buybacks. GAAP net income rose to $1,827 million from $1,772 million, while diluted shares fell to 395 million from 424 million. Adobe repurchased approximately 9.5 million shares in the quarter and 26.1 million shares for $6,820 million over the first nine months of fiscal 2026, with $24.55 billion left under its April 2026 authority. (Adobe Q3 fiscal 2026 release, Sep 10, 2026; Adobe Form 10-Q, Q3 fiscal 2026, Sep 22, 2026)

Adobe's GAAP effective tax rate was 22.5% in the quarter. Its non-GAAP results use a fixed long-term rate of 18.0%, set for fiscal 2026 through fiscal 2028. (Adobe Q3 fiscal 2026 release, Sep 10, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Adobe publishes quarterly and annual targets in its release. For Q4 fiscal 2026 it targets total revenue of $6.80 billion to $6.85 billion, GAAP EPS of $4.65 to $4.70 and non-GAAP EPS of $6.30 to $6.35, assuming a non-GAAP operating margin of about 44.0% and about 389 million diluted shares. (Adobe Q3 fiscal 2026 release, Sep 10, 2026)

Adobe raised its fiscal 2026 targets to total revenue of $26.576 billion to $26.626 billion, non-GAAP EPS of $24.45 to $24.50, GAAP EPS of $18.12 to $18.17 and Total Adobe ending ARR growth of 10.2%. (Adobe Q3 fiscal 2026 release, Sep 10, 2026)

A consensus figure is the average of the models published by the analysts who cover Adobe, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Adobe's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ADBE is on is ADBE a buy or a sell?, what analysts expect next is on the ADBE forecast, and what the company does is on the Adobe (ADBE) stock page.

Every number on this page can be traced to a document Adobe published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.