ADOBE INC. ADBE

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

Adobe's mission is to empower everyone to create. We build innovative platforms and tools that unleash creativity, productivity and personalized customer experiences. For over four decades, our innovations have transformed how people everywhere engage across all types of media. Adobe's solutions are the foundation of digital experiences, starting with the first creative spark, to the creation and development of all content and media, to the personalized delivery across every channel.

Our focus revolves around serving our customer audiences: business professionals, consumers, creators, creative professionals and marketing professionals. The massive opportunity and evolving role of creativity across roles and industries have driven Adobe's growth over the past four decades and are expected to continue to drive our growth going forward as we evolve our solutions and routes to market to anticipate the growing needs of our customers. In the artificial intelligence ("AI") era, we are harnessing the power of AI across our solutions by bringing together our commercially safe first-party and leading partner AI models best suited for the job; deploying conversational and agentic capabilities across offerings; ensuring ubiquity on all surfaces; delivering trusted and secure solutions; and expanding our global presence.

Last close 263.82 2026-10-23
Market cap $104.87B 2026-05-29 share count
52-week range 190.12 - 363.70

Valuation FY2025 figures against the last close

P/S4.4x
P/E15.8x
P/FCF10.6x
EV/EBITDA11.0x
Dividend yield—
Diluted EPS16.70

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Emea
  • Apac
  • Other
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 12.5B (52.7%) 53% United States Emea, FY2025: 6.3B (26.5%) 26% Emea Apac, FY2025: 3.4B (14.1%) 14% Apac Other, FY2025: 1.6B (6.7%) 7% Other FY2024 United States, FY2024: 11.5B (53.5%) 53% Emea, FY2024: 5.6B (25.8%) 26% Apac, FY2024: 3.1B (14.2%) 14% Other, FY2024: 1.4B (6.5%) 6% FY2023 United States, FY2023: 10.5B (53.9%) 54% Emea, FY2023: 4.9B (25.1%) 25% Apac, FY2023: 2.9B (14.8%) 15% Other, FY2023: 1.2B (6.2%) 6%
Region FY2025FY2024FY2023
United States $12.53B $11.50B $10.46B
Emea $6.29B $5.55B $4.88B
Apac $3.36B $3.06B $2.87B
Other $1.59B $1.39B $1.19B

As the company reported it, from the “REVENUE - Schedule of Revenue by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Digital Media
  • Digital Experience
  • Publishing and Advertising
Revenue by segment, 3 categories over 3 years. The same figures are in the table below. FY2025 Digital Media, FY2025: 17.6B (74.3%) 74% Digital Media Digital Experience, FY2025: 5.9B (24.7%) 25% Digital Experience Publishing and Advertising, FY2025: 256M (1.1%) FY2024 Digital Media, FY2024: 15.9B (73.8%) 74% Digital Experience, FY2024: 5.4B (25.0%) 25% Publishing and Advertising, FY2024: 275M (1.3%) FY2023 Digital Media, FY2023: 14.2B (73.2%) 73% Digital Experience, FY2023: 4.9B (25.2%) 25% Publishing and Advertising, FY2023: 300M (1.5%)
Segment FY2025FY2024FY2023
Digital Media $17.65B $15.86B $14.22B
Digital Experience $5.86B $5.37B $4.89B
Publishing and Advertising $256.0M $275.0M $300.0M

As the company reported it, from the “REVENUE - Schedule of Revenue by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $23.77B$21.50B$19.41B$17.61B$15.79B$12.87B$11.17B$9.03B$7.30B$5.85B
Cost of revenue $2.55B$2.36B$2.35B$2.17B$1.86B$1.72B$1.67B$1.20B$1.01B$819.9M
Gross profit $21.22B$19.15B$17.05B$15.44B$13.92B$11.15B$9.50B$7.83B$6.29B$5.03B
SG&A $1.57B$1.53B$1.41B$1.22B$1.08B$968.0M$881.0M$745.0M$624.7M$576.2M
Total operating expenses $12.51B$12.41B$10.40B$9.34B$8.12B$6.91B$6.23B$5.00B$4.12B$3.54B
Operating income $8.71B$6.74B$6.65B$6.10B$5.80B$4.24B$3.27B$2.84B$2.17B$1.49B
Interest expense $263.0M$169.0M$113.0M$112.0M$113.0M$116.0M$157.0M$89.0M$74.4M$70.4M
Pre-tax income $8.73B$6.93B$6.80B$6.01B$5.71B$4.18B$3.21B$2.79B$2.14B$1.44B
Income tax $1.60B$1.37B$1.37B$1.25B$883.0M$1.08B$254.0M$203.0M$443.7M$266.4M
Net income $7.13B$5.56B$5.43B$4.76B$4.82B$5.26B$2.95B$2.59B$1.69B$1.17B
EPS, basic 16.7312.4311.8710.1310.1010.946.075.283.432.35
EPS, diluted 16.7012.3611.8210.1010.0210.836.005.203.382.32
Shares, diluted (wtd. avg.) 427.0M449.7M459.1M470.9M481.0M485.5M491.6M497.8M501.1M504.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $5.43B$7.61B$7.14B$4.24B$3.84B$4.48B$2.65B$1.64B$2.31B$1.01B
Short-term investments $1.16B$273.0M$701.0M$1.86B$1.95B$1.51B$1.53B$1.59B$3.51B$3.75B
Receivables $2.34B$2.07B$2.22B$2.06B$1.88B$1.40B$1.53B$1.32B$1.22B$833.0M
Total current assets $10.16B$11.23B$11.08B$9.00B$8.67B$8.15B$6.50B$4.86B$7.25B$5.84B
Property, plant and equipment $1.87B$1.94B$2.03B$1.91B$1.67B$1.52B$1.29B$1.08B$937.0M$816.3M
Goodwill $12.86B$12.79B$12.80B$12.79B$12.67B$10.74B$10.69B$10.58B$5.82B$5.41B
Other intangibles $495.0M$782.0M$1.09B$1.45B$1.82B$1.36B$1.72B$2.07B$385.7M$414.4M
Total assets $29.50B$30.23B$29.78B$27.16B$27.24B$24.28B$20.76B$18.77B$14.54B$12.70B
Accounts payable $417.0M$361.0M$314.0M$379.0M$312.0M$306.0M$209.0M$186.3M$113.5M$88.0M
Short-term debt $0$1.50B$0$500.0M$0$0$3.15B$0——
Total current liabilities $10.20B$10.52B$8.25B$8.13B$6.93B$5.51B$8.19B$4.30B$3.53B$2.81B
Long-term debt $6.21B$4.13B$3.63B$3.63B$4.12B$4.12B$989.0M———
Total liabilities $17.87B$16.12B$13.26B$13.11B$12.44B$11.02B$10.23B$9.41B$6.08B$5.27B
Retained earnings $45.35B$38.47B$33.35B$28.32B$23.91B$19.61B$14.83B$11.82B$9.57B$8.11B
Total equity $11.62B$14.11B$16.52B$14.05B$14.80B$13.26B$10.53B$9.36B$8.46B$7.42B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $10.03B$8.06B$7.30B$7.84B$7.23B$5.73B$4.42B$4.03B$2.91B$2.20B
Depreciation and amortisation $818.0M$857.0M$872.0M$856.0M$788.0M$757.0M$757.0M$346.0M$326.0M$331.5M
Stock-based compensation $1.94B$1.83B$1.72B$1.44B$1.07B$909.0M$788.0M$610.0M$454.5M$349.3M
Capital expenditure $179.0M$183.0M$360.0M$442.0M$348.0M$419.0M$395.0M$267.0M$178.1M$203.8M
Investing cash flow -$1.19B$149.0M$776.0M-$570.0M-$3.54B-$414.0M-$456.0M-$4.68B-$442.9M-$960.0M
Financing cash flow -$11.06B-$7.72B-$5.18B-$6.83B-$4.30B-$3.49B-$2.95B-$5.0M-$1.18B-$1.09B
Buybacks $11.28B$9.50B$4.40B$6.55B$3.95B$3.05B$2.75B$2.05B$1.10B$1.07B

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000796343-26-000003.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B Revenue, FY2016: 5.9B Gross profit, FY2016: 5B Net income, FY2016: 1.2B Revenue, FY2017: 7.3B Gross profit, FY2017: 6.3B Net income, FY2017: 1.7B Revenue, FY2018: 9B Gross profit, FY2018: 7.8B Net income, FY2018: 2.6B Revenue, FY2019: 11.2B Gross profit, FY2019: 9.5B Net income, FY2019: 3B Revenue, FY2020: 12.9B Gross profit, FY2020: 11.1B Net income, FY2020: 5.3B Revenue, FY2021: 15.8B Gross profit, FY2021: 13.9B Net income, FY2021: 4.8B Revenue, FY2022: 17.6B Gross profit, FY2022: 15.4B Net income, FY2022: 4.8B Revenue, FY2023: 19.4B Gross profit, FY2023: 17.1B Net income, FY2023: 5.4B Revenue, FY2024: 21.5B Gross profit, FY2024: 19.1B Net income, FY2024: 5.6B Revenue, FY2025: 23.8B Gross profit, FY2025: 21.2B Net income, FY2025: 7.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $5.85B $7.30B $9.03B $11.17B $12.87B $15.79B $17.61B $19.41B $21.50B $23.77B
Gross profit $5.03B $6.29B $7.83B $9.50B $11.15B $13.92B $15.44B $17.05B $19.15B $21.22B
Net income $1.17B $1.69B $2.59B $2.95B $5.26B $4.82B $4.76B $5.43B $5.56B $7.13B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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