Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Nov. 28, 2025	Nov. 29, 2024	Dec. 01, 2023
Revenue:
Revenue	$ 23,769	$ 21,505	$ 19,409
Cost of revenue:
Cost of revenue	2,551	2,358	2,354
Gross profit	21,218	19,147	17,055
Operating expenses:
Research and development	4,294	3,944	3,473
Sales and marketing	6,488	5,764	5,351
General and administrative	1,573	1,529	1,413
Acquisition termination fee	0	1,000	0
Amortization of intangibles	157	169	168
Total operating expenses	12,512	12,406	10,405
Operating income	8,706	6,741	6,650
Non-operating income (expense):
Interest expense	(263)	(169)	(113)
Investment gains (losses), net	43	48	16
Other income (expense), net	248	311	246
Total non-operating income (expense), net	28	190	149
Income before income taxes	8,734	6,931	6,799
Provision for income taxes	1,604	1,371	1,371
Net income	$ 7,130	$ 5,560	$ 5,428
Basic net income per share (in usd per share)	$ 16.73	$ 12.43	$ 11.87
Shares used to compute basic net income per share (in shares)	426.2	447.1	457.1
Diluted net income per share (in usd per share)	$ 16.70	$ 12.36	$ 11.82
Shares used to compute diluted net income per share (in shares)	427.0	449.7	459.1
Subscription
Revenue:
Revenue	$ 22,904	$ 20,521	$ 18,284
Cost of revenue:
Cost of revenue	2,027	1,799	1,822
Product
Revenue:
Revenue	325	386	460
Cost of revenue:
Cost of revenue	23	25	29
Services and other
Revenue:
Revenue	540	598	665
Cost of revenue:
Cost of revenue	$ 501	$ 534	$ 503

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Nov. 28, 2025	Nov. 29, 2024	Dec. 01, 2023
Cash flows from operating activities:
Net income	$ 7,130	$ 5,560	$ 5,428
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion	818	857	872
Stock-based compensation	1,942	1,833	1,718
Lease-related asset impairments	0	78	0
Deferred income taxes	(512)	(468)	(426)
Other non-cash items	48	52	65
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:
Trade receivables, net	(275)	143	(159)
Prepaid expenses and other assets	(90)	(616)	(818)
Trade payables	64	44	(49)
Accrued expenses and other liabilities	180	196	146
Income taxes payable	(45)	68	(11)
Deferred revenue	771	309	536
Net cash provided by operating activities	10,031	8,056	7,302
Cash flows from investing activities:
Purchases of short-term investments	(2,034)	(59)	0
Maturities of short-term investments	1,168	486	965
Proceeds from sales of short-term investments	6	11	223
Acquisitions, net of cash acquired	(17)	0	0
Purchases of property and equipment	(179)	(183)	(360)
Purchases of long-term investments, intangibles and other assets	(134)	(108)	(53)
Other investing activities, net	3	2	1
Net cash provided by (used for) investing activities	(1,187)	149	776
Cash flows from financing activities:
Repurchases of common stock	(11,281)	(9,500)	(4,400)
Proceeds from re-issuance of treasury stock	348	361	314
Taxes paid related to net share settlement of equity awards	(475)	(677)	(589)
Proceeds from issuance of debt	1,997	1,997	0
Repayment of debt	(1,500)	0	(500)
Other financing activities, net	(149)	95	(7)
Net cash used for financing activities	(11,060)	(7,724)	(5,182)
Effect of foreign currency exchange rates on cash and cash equivalents	34	(9)	9
Net change in cash and cash equivalents	(2,182)	472	2,905
Cash and cash equivalents at beginning of year	7,613	7,141	4,236
Cash and cash equivalents at end of year	5,431	7,613	7,141
Supplemental disclosures:
Cash paid for income taxes, net of refunds	2,219	1,727	1,854
Cash paid for interest	$ 246	$ 143	$ 106

Consolidated Balance Sheets - USD ($) $ in Millions	Nov. 28, 2025	Nov. 29, 2024
Current assets:
Cash and cash equivalents	$ 5,431	$ 7,613
Short-term investments	1,164	273
Trade receivables, net of allowances for doubtful accounts of $13 and of $14, respectively	2,344	2,072
Prepaid expenses and other current assets	1,224	1,274
Total current assets	10,163	11,232
Property and equipment, net	1,873	1,936
Operating lease right-of-use assets, net	312	281
Goodwill	12,857	12,788
Other intangibles, net	495	782
Deferred income taxes	2,186	1,657
Other assets	1,610	1,554
Total assets	29,496	30,230
Current liabilities:
Trade payables	417	361
Accrued expenses and other current liabilities	2,648	2,336
Debt	0	1,499
Deferred revenue	6,905	6,131
Income taxes payable	153	119
Operating lease liabilities	77	75
Total current liabilities	10,200	10,521
Long-term liabilities:
Debt	6,210	4,129
Deferred revenue	125	128
Income taxes payable	469	548
Operating lease liabilities	361	353
Other liabilities	508	446
Total liabilities	17,873	16,125
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.0001 par value; 2 shares authorized; none issued	0	0
Common stock, $0.0001 par value; 900 shares authorized; 601 shares issued; 413 and 441 shares outstanding, respectively	0	0
Additional paid-in capital	15,361	13,419
Retained earnings	45,354	38,470
Accumulated other comprehensive income (loss)	(245)	(201)
Treasury stock, at cost (188 and 160 shares, respectively)	(48,847)	(37,583)
Total stockholders’ equity	11,623	14,105
Total liabilities and stockholders’ equity	$ 29,496	$ 30,230