ADBE Chart
About

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 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.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 106.81B
Enterprise Value 104.81B Income 7.13B Sales 23.77B
Book/sh 28.14 Cash/sh 16.07 Dividend Yield —
Payout 0.00% Employees 31360 IPO —
P/E 15.29 Forward P/E 9.67 PEG —
P/S 4.49 P/B 9.07 P/C —
EV/EBITDA 11.34 EV/Sales 4.41 Quick Ratio 0.88
Current Ratio 1.00 Debt/Eq 57.27 LT Debt/Eq —
EPS (ttm) 16.69 EPS next Y 26.40 EPS Growth 17.20%
Revenue Growth 10.50% Earnings 2026-03-12 ROA 18.22%
ROE 55.43% ROIC — Gross Margin 89.27%
Oper. Margin 36.50% Profit Margin 30.00% Shs Outstand 410.50M
Shs Float 409.18M Short Float 2.91% Short Ratio 2.51
Short Interest — 52W High 453.26 52W Low 244.28
Beta 1.51 Avg Volume 4.98M Volume 5.52M
Target Price $408.47 Recom Buy Prev Close $246.68
Price $255.17 Change 3.44%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$408.47
Mean price target
2. Current target
$255.16
Latest analyst target
3. DCF / Fair value
$386.13
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$255.16
Low
$270.00
High
$605.00
Mean
$408.47

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-23 main Jefferies Hold → Hold $290
2026-02-03 down Piper Sandler Overweight → Neutral $330
2026-01-26 main UBS Neutral → Neutral $340
2026-01-13 down Oppenheimer Outperform → Perform —
2026-01-09 down BMO Capital Outperform → Market Perform $375
2026-01-05 down Jefferies Buy → Hold $400
2025-12-17 main Citigroup Neutral → Neutral $387
2025-12-15 main BMO Capital Outperform → Outperform $400
2025-12-15 down Keybanc Sector Weight → Underweight $310
2025-12-11 main Jefferies Buy → Buy $500
2025-12-11 main DA Davidson Buy → Buy $500
2025-12-11 main Oppenheimer Outperform → Outperform $430
2025-12-11 main TD Cowen Hold → Hold $400
2025-12-11 main Morgan Stanley Equal-Weight → Equal-Weight $425
2025-12-11 main Wolfe Research Outperform → Outperform $440
2025-12-11 reit RBC Capital Outperform → Outperform $430
2025-12-09 main Stifel Buy → Buy $450
2025-12-04 main Citigroup Neutral → Neutral $366
2025-11-20 main DA Davidson Buy → Buy $500
2025-11-20 main Mizuho Outperform → Outperform $390
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1646 485323.0 — Sale at price 294.85 per share. DURN DANIEL J Chief Financial Officer — 2026-01-27 00:00:00 D
1 24213 nan — — WADHWANI DAVID Officer — 2026-01-23 00:00:00 D
2 24213 nan — — CHAKRAVARTHY ANIL President — 2026-01-23 00:00:00 D
3 69553 nan — — NARAYEN SHANTANU Chief Executive Officer — 2026-01-23 00:00:00 I
4 559 nan — — FORUSZ JILLIAN Officer — 2026-01-23 00:00:00 D
5 15660 nan — — DURN DANIEL J Chief Financial Officer — 2026-01-23 00:00:00 D
6 10663 nan — — CHEN GLORIA T Officer — 2026-01-23 00:00:00 D
7 1895 nan — — WADHWANI DAVID President — 2026-01-15 00:00:00 D
8 1895 nan — — CHAKRAVARTHY ANIL Officer — 2026-01-15 00:00:00 D
9 5443 nan — — NARAYEN SHANTANU Chief Executive Officer — 2026-01-15 00:00:00 I
Financials
Line Item2025-11-302024-11-302023-11-302022-11-30
TaxEffectOfUnusualItems4.86M-196.40M-1.60M-8.40M
TaxRateForCalcs0.180.200.200.21
NormalizedEBITDA9.79B8.94B7.79B7.02B
TotalUnusualItems27.00M-982.00M-8.00M-40.00M
TotalUnusualItemsExcludingGoodwill27.00M-982.00M-8.00M-40.00M
NetIncomeFromContinuingOperationNetMinorityInterest7.13B5.56B5.43B4.76B
ReconciledDepreciation818.00M857.00M872.00M856.00M
ReconciledCostOfRevenue1.89B1.67B1.65B1.48B
EBITDA9.81B7.96B7.78B6.98B
EBIT9.00B7.10B6.91B6.12B
NetInterestIncome1.00M172.00M156.00M-51.00M
InterestExpense263.00M169.00M113.00M112.00M
InterestIncome264.00M341.00M269.00M61.00M
NormalizedIncome7.11B6.35B5.43B4.79B
NetIncomeFromContinuingAndDiscontinuedOperation7.13B5.56B5.43B4.76B
TotalExpenses15.06B13.76B12.76B11.51B
TotalOperatingIncomeAsReported8.71B6.74B6.65B6.10B
DilutedAverageShares427.00M450.00M459.00M471.00M
BasicAverageShares426.00M447.00M457.00M470.00M
DilutedEPS16.7012.3611.8210.10
BasicEPS16.7312.4311.8710.13
DilutedNIAvailtoComStockholders7.13B5.56B5.43B4.76B
NetIncomeCommonStockholders7.13B5.56B5.43B4.76B
NetIncome7.13B5.56B5.43B4.76B
NetIncomeIncludingNoncontrollingInterests7.13B5.56B5.43B4.76B
NetIncomeContinuousOperations7.13B5.56B5.43B4.76B
TaxProvision1.60B1.37B1.37B1.25B
PretaxIncome8.73B6.93B6.80B6.01B
OtherIncomeExpense27.00M-982.00M-7.00M-39.00M
OtherNonOperatingIncomeExpenses1.00M1.00M
SpecialIncomeCharges0.00-1.00B0.000.00
RestructuringAndMergernAcquisition0.001.00B0.000.00
GainOnSaleOfSecurity27.00M18.00M-8.00M-40.00M
NetNonOperatingInterestIncomeExpense1.00M172.00M156.00M-51.00M
InterestExpenseNonOperating263.00M169.00M113.00M112.00M
InterestIncomeNonOperating264.00M341.00M269.00M61.00M
OperatingIncome8.71B7.74B6.65B6.10B
OperatingExpense12.51B11.41B10.40B9.34B
DepreciationAmortizationDepletionIncomeStatement157.00M169.00M168.00M169.00M
DepreciationAndAmortizationInIncomeStatement157.00M169.00M168.00M169.00M
Amortization157.00M169.00M168.00M169.00M
AmortizationOfIntangiblesIncomeStatement157.00M169.00M168.00M169.00M
ResearchAndDevelopment4.29B3.94B3.47B2.99B
SellingGeneralAndAdministration8.06B7.29B6.76B6.19B
SellingAndMarketingExpense6.49B5.76B5.35B4.97B
GeneralAndAdministrativeExpense1.57B1.53B1.41B1.22B
OtherGandA1.57B1.53B1.41B1.22B
GrossProfit21.22B19.15B17.05B15.44B
CostOfRevenue2.55B2.36B2.35B2.17B
TotalRevenue23.77B21.50B19.41B17.61B
OperatingRevenue23.77B21.50B19.41B17.61B
Line Item2025-11-302024-11-302023-11-302022-11-30
TreasurySharesNumber188.00M160.00M146.00M139.00M
OrdinarySharesNumber413.00M441.00M455.00M462.00M
ShareIssued601.00M601.00M601.00M601.00M
NetDebt779.00M279.00M
TotalDebt6.65B6.06B4.08B4.63B
TangibleBookValue-1.73B535.00M2.62B-185.00M
InvestedCapital17.83B19.73B20.15B18.18B
WorkingCapital-37.00M711.00M2.83B868.00M
NetTangibleAssets-1.73B535.00M2.62B-185.00M
CapitalLeaseObligations438.00M428.00M446.00M504.00M
CommonStockEquity11.62B14.11B16.52B14.05B
TotalCapitalization17.83B18.23B20.15B17.68B
TotalEquityGrossMinorityInterest11.62B14.11B16.52B14.05B
StockholdersEquity11.62B14.11B16.52B14.05B
GainsLossesNotAffectingRetainedEarnings-245.00M-201.00M-285.00M-293.00M
OtherEquityAdjustments-245.00M-201.00M-285.00M-293.00M
TreasuryStock48.85B37.58B28.13B23.84B
RetainedEarnings45.35B38.47B33.35B28.32B
AdditionalPaidInCapital15.36B13.42B11.59B9.87B
CapitalStock0.000.000.000.00
CommonStock0.000.000.000.00
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest17.87B16.12B13.26B13.11B
TotalNonCurrentLiabilitiesNetMinorityInterest7.67B5.60B5.01B4.99B
OtherNonCurrentLiabilities508.00M446.00M376.00M293.00M
TradeandOtherPayablesNonCurrent469.00M548.00M514.00M530.00M
NonCurrentDeferredLiabilities125.00M128.00M113.00M117.00M
NonCurrentDeferredRevenue125.00M128.00M113.00M117.00M
NonCurrentDeferredTaxesLiabilities5.00M
LongTermDebtAndCapitalLeaseObligation6.57B4.48B4.01B4.05B
LongTermCapitalLeaseObligation361.00M353.00M373.00M417.00M
LongTermDebt6.21B4.13B3.63B3.63B
CurrentLiabilities10.20B10.52B8.25B8.13B
OtherCurrentLiabilities714.00M603.00M495.00M439.00M
CurrentDeferredLiabilities6.91B6.13B5.84B5.30B
CurrentDeferredRevenue6.91B6.13B5.84B5.30B
CurrentDebtAndCapitalLeaseObligation77.00M1.57B73.00M587.00M
CurrentCapitalLeaseObligation77.00M75.00M73.00M87.00M
CurrentDebt1.50B500.00M
OtherCurrentBorrowings1.50B500.00M
PensionandOtherPostRetirementBenefitPlansCurrent1.34B1.22B535.00M485.00M
CurrentProvisions137.00M141.00M111.00M106.00M
PayablesAndAccruedExpenses1.02B851.00M1.20B1.21B
CurrentAccruedExpenses197.00M176.00M679.00M643.00M
InterestPayable34.00M
Payables825.00M675.00M521.00M571.00M
OtherPayable40.00M
TotalTaxPayable408.00M314.00M207.00M192.00M
IncomeTaxPayable153.00M119.00M85.00M75.00M
AccountsPayable417.00M361.00M314.00M379.00M
TotalAssets29.50B30.23B29.78B27.16B
TotalNonCurrentAssets19.33B19.00B18.70B18.17B
OtherNonCurrentAssets1.61B1.55B1.22B841.00M
NonCurrentDeferredAssets2.19B1.66B1.19B777.00M
NonCurrentDeferredTaxesAssets2.19B1.66B1.19B777.00M
GoodwillAndOtherIntangibleAssets13.35B13.57B13.89B14.24B
OtherIntangibleAssets495.00M782.00M1.09B1.45B
Goodwill12.86B12.79B12.80B12.79B
NetPPE2.19B2.22B2.39B2.31B
AccumulatedDepreciation-1.73B-1.66B-1.73B-1.57B
GrossPPE3.91B3.87B4.12B3.88B
Leases250.00M222.00M275.00M259.00M
ConstructionInProgress37.00M27.00M2.00M675.00M
OtherProperties312.00M281.00M358.00M407.00M
MachineryFurnitureEquipment1.51B1.55B1.66B1.50B
BuildingsAndImprovements1.65B1.63B1.66B902.00M
LandAndImprovements161.00M163.00M163.00M144.00M
Properties0.000.000.000.00
CurrentAssets10.16B11.23B11.08B9.00B
OtherCurrentAssets1.22B1.27B1.02B835.00M
PrepaidAssets993.00M
Receivables2.34B2.07B2.22B2.06B
AccountsReceivable2.34B2.07B2.22B2.06B
AllowanceForDoubtfulAccountsReceivable-13.00M-14.00M-16.00M-23.00M
GrossAccountsReceivable2.36B2.09B2.24B2.09B
CashCashEquivalentsAndShortTermInvestments6.59B7.89B7.84B6.10B
OtherShortTermInvestments1.16B273.00M701.00M1.86B
CashAndCashEquivalents5.43B7.61B7.14B4.24B
CashEquivalents4.72B6.83B6.52B3.58B
CashFinancial711.00M787.00M618.00M657.00M
Line Item2025-11-302024-11-302023-11-302022-11-30
FreeCashFlow9.85B7.87B6.94B7.40B
RepurchaseOfCapitalStock-11.28B-9.50B-4.40B-6.55B
RepaymentOfDebt-1.50B0.00-500.00M0.00
IssuanceOfDebt2.00B2.00B0.000.00
IssuanceOfCapitalStock348.00M361.00M314.00M278.00M
CapitalExpenditure-179.00M-183.00M-360.00M-442.00M
InterestPaidSupplementalData246.00M143.00M106.00M103.00M
IncomeTaxPaidSupplementalData2.22B1.73B1.85B778.00M
EndCashPosition5.43B7.61B7.14B4.24B
BeginningCashPosition7.61B7.14B4.24B3.84B
EffectOfExchangeRateChanges34.00M-9.00M9.00M-51.00M
ChangesInCash-2.22B481.00M2.90B443.00M
FinancingCashFlow-11.06B-7.72B-5.18B-6.83B
CashFlowFromContinuingFinancingActivities-11.06B-7.72B-5.18B-6.83B
NetOtherFinancingCharges-624.00M-582.00M-596.00M-553.00M
NetCommonStockIssuance-10.93B-9.14B-4.09B-6.27B
CommonStockPayments-11.28B-9.50B-4.40B-6.55B
CommonStockIssuance348.00M361.00M314.00M278.00M
NetIssuancePaymentsOfDebt497.00M2.00B-500.00M0.00
NetLongTermDebtIssuance497.00M2.00B-500.00M0.00
LongTermDebtPayments-1.50B0.00-500.00M0.00
LongTermDebtIssuance2.00B2.00B0.000.00
InvestingCashFlow-1.19B149.00M776.00M-570.00M
CashFlowFromContinuingInvestingActivities-1.19B149.00M776.00M-570.00M
NetOtherInvestingChanges3.00M2.00M1.00M
NetInvestmentPurchaseAndSale-994.00M330.00M1.14B-2.00M
SaleOfInvestment1.17B497.00M1.19B953.00M
PurchaseOfInvestment-2.17B-167.00M-53.00M-955.00M
NetBusinessPurchaseAndSale-17.00M0.000.00-126.00M
PurchaseOfBusiness-17.00M0.000.00-126.00M
NetPPEPurchaseAndSale-179.00M-183.00M-360.00M-442.00M
PurchaseOfPPE-179.00M-183.00M-360.00M-442.00M
OperatingCashFlow10.03B8.06B7.30B7.84B
CashFlowFromContinuingOperatingActivities10.03B8.06B7.30B7.84B
ChangeInWorkingCapital605.00M144.00M-355.00M336.00M
ChangeInOtherWorkingCapital771.00M309.00M536.00M536.00M
ChangeInPayablesAndAccruedExpense199.00M308.00M86.00M92.00M
ChangeInAccruedExpense180.00M196.00M146.00M7.00M
ChangeInPayable19.00M112.00M-60.00M85.00M
ChangeInAccountPayable64.00M44.00M-49.00M66.00M
ChangeInTaxPayable-45.00M68.00M-11.00M19.00M
ChangeInIncomeTaxPayable-45.00M68.00M-11.00M19.00M
ChangeInPrepaidAssets-90.00M-616.00M-818.00M-94.00M
ChangeInReceivables-275.00M143.00M-159.00M-198.00M
ChangesInAccountReceivables-275.00M143.00M-159.00M-198.00M
OtherNonCashItems48.00M52.00M65.00M10.00M
StockBasedCompensation1.94B1.83B1.72B1.44B
UnrealizedGainLossOnInvestmentSecurities-35.00M-10.00M29.00M-4.00M
AssetImpairmentCharge0.0078.00M0.000.00
DeferredTax-512.00M-468.00M-426.00M328.00M
DeferredIncomeTax-512.00M-468.00M-426.00M328.00M
DepreciationAmortizationDepletion818.00M857.00M872.00M856.00M
DepreciationAndAmortization818.00M857.00M872.00M856.00M
Depreciation818.00M857.00M872.00M856.00M
OperatingGainsLosses77.00M72.00M83.00M73.00M
GainLossOnSaleOfPPE77.00M72.00M83.00M73.00M
NetIncomeFromContinuingOperations7.13B5.56B5.43B4.76B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ADBE
Date User Asset Broker Type Position Size Entry Price Patterns