Adobe Inc. (ADBE)

Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digital Experience segment provides an integrated platform; and products, services, and solutions that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers e-learning, technical document publishing, web conferencing, document and forms platform, web application development, printing, and Adobe Advertising solutions. It also provides consulting, training, customer management, technical support, and learning services. The company offers its solutions to enterprise customers, and businesses and consumers; and licenses its products to end-user customers through app stores and website at adobe.com. It markets and distributes its products through distributors, retailers, software developers, mobile app stores, systems integrators, independent software vendors, value-added resellers, and original equipment and hardware manufacturers. The company also provides an online visibility management and content marketing software-as-a-service platform. The company has a strategic alliance with HUMAIN for the development of generative AI models and AI-powered applications. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

Symbol
ADBE
Exchange
Nasdaq
Sector
Technology
Industry
Software - Application
Market cap
$93.33B
52 week range
190.12 - 363.7

Valuation

Share price
$241.28 (close of 2026-10-01)
P/E (TTM)
13.30x
Price to book
7.93x
Price to free cash flow
8.81x
Enterprise value
$94.45B
Book value per share
$30.09

Price performance

PeriodChange
1 day+0.56%
5 days+0.98%
1 month-15.66%
3 months+14.36%
6 months-0.04%
Year to date-31.06%
1 year-29.80%
3 years-52.67%
5 years-58.22%
10 years+122.29%

Members of Congress who disclosed ADBE trades

Markwayne Mullin · Marjorie Taylor Greene · Tommy Tuberville · Gilbert Ray Cisneros · Jefferson Shreve · Julie Johnson · Robert Bresnahan · Bruce Westerman · Dan Newhouse · John Boozman · Julia Letlow · Lisa McClain

And 3 others

Super investors holding ADBE

Samantha McLemore (Patient Capital Management, LLC) · Hillman Capital (Hillman Capital Management, Inc)

Profitability and growth

Return on equity
61.34%
Return on invested capital
60.83%
Return on assets
24.17%
Return on capital employed
45.12%
Gross margin
89.27%
Net margin
30.00%
EBITDA margin
40.07%
Revenue growth
10.53%
Net income growth
28.24%
Free cash flow growth
25.14%

Cash flow and balance sheet

Free cash flow yield (TTM)
11.35%
Current ratio
0.77x
Net debt to EBITDA
0.11x

Latest reported year

Period end
2025-11-28
Fiscal year
2025
Revenue
$23.77B
Cost of revenue
$2.55B
Gross profit
$21.22B
EBITDA
$9.52B
Net income
$7.13B
Earnings per share
$16.73
Shares outstanding
426.20M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-11-28$23.77B$21.22B$7.13B$16.73
2024-11-29$21.50B$19.15B$5.56B$12.43
2023-12-01$19.41B$17.05B$5.43B$11.87
2022-12-02$17.61B$15.44B$4.76B$10.13
2021-12-03$15.79B$13.92B$4.82B$10.10
2020-11-27$12.87B$11.15B$5.26B$10.94
2019-11-29$11.17B$9.50B$2.95B$6.07
2018-11-30$9.03B$7.83B$2.59B$5.28
2017-12-01$7.30B$6.29B$1.69B$3.43
2016-12-02$5.85B$5.03B$1.17B$2.35

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-11-2889.27%30.00%61.34%60.83%
2024-11-2989.04%25.85%39.42%43.75%
2023-12-0187.87%27.97%32.86%41.38%
2022-12-0287.70%27.01%33.85%38.50%
2021-12-0388.18%30.55%32.59%35.98%
2020-11-2786.62%40.88%39.66%35.37%
2019-11-2985.02%26.42%28.02%28.73%
2018-11-3086.77%28.69%27.68%43.00%
2017-12-0186.16%23.20%20.03%65.34%
2016-12-0286.00%19.96%15.74%46.08%

Cash and debt by year

Period endCashDebt
2025-11-28$6.59B$6.21B
2024-11-29$7.89B$4.13B
2023-12-01$7.84B$3.63B
2022-12-02$6.10B$3.63B
2021-12-03$5.80B$4.12B
2020-11-27$5.99B$4.12B
2019-11-29$4.18B$989.00M
2018-11-30$3.23B-
2017-12-01$5.82B-
2016-12-02$4.76B-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-11-28$9.85B$1.94B
2024-11-29$7.87B$1.83B
2023-12-01$6.94B$1.72B
2022-12-02$7.40B$1.44B
2021-12-03$6.88B$1.07B
2020-11-27$5.31B$909.00M
2019-11-29$4.03B$788.00M
2018-11-30$3.76B$610.00M
2017-12-01$2.73B$454.47M
2016-12-02$2.00B$349.30M

Dividend history

Most recent payment
2005-03-24
Payment dateDividend per share
2005-03-24$0.01
2004-12-23$0.01
2004-09-24$0.01
2004-06-25$0.01
2004-03-26$0.01
2004-01-07$0.01
2003-09-19$0.01
2003-06-19$0.01

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-09-10Aug/2026$4.86
2026-06-11--
2026-03-12--
2025-12-10--
2025-09-11--
2025-06-12--
2025-06-11--
2025-03-12--

Filings and sources

Company website
adobe.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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Price-to-earnings ratio · Discounted cash flow · Free cash flow · Earnings per share · Return on equity · Gross margin vs net margin · Reading a balance sheet · Debt and leverage · Dividend yield · Insider transactions and Form 4 · How to read a stock chart

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