ADOBE INC. financials
ADBE CIK 0000796343
Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T09:52:53Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 9.85B | 7.87B | 6.94B | 7.40B | 6.88B | 5.31B |
| EBITDA | 9.52B | 7.60B | 7.52B | 6.95B | 6.59B | 4.99B |
| Working Capital | -37.00M | 711.00M | 2.83B | 868.00M | 1.74B | 2.63B |
| Net Debt | 1.22B | -3.06B | -3.06B | -103.00M | 829.00M | 230.00M |
| Gross Margin | 89.27% | 89.04% | 87.87% | 87.70% | 88.19% | 86.62% |
| Operating Margin | 36.63% | 31.35% | 34.26% | 34.64% | 36.76% | 32.93% |
| Net Margin | 30.00% | 25.85% | 27.97% | 27.01% | 30.55% | 40.88% |
| Return on Equity (ROE) | 61.34% | 39.42% | 32.86% | 33.85% | 32.59% | 39.66% |
| Return on Assets (ROA) | 24.17% | 18.39% | 18.23% | 17.51% | 17.70% | 21.66% |
| Current Ratio | 0.9964 | 1.0676 | 1.3434 | 1.1068 | 1.2506 | 1.4779 |
| Debt-to-Equity | 0.572 | 0.3231 | 0.247 | 0.2941 | 0.3158 | 0.3549 |
| Effective Tax Rate | 18.36% | 19.78% | 20.16% | 20.84% | 15.48% | -25.96% |
| Cash Conversion Ratio | 1.4069 | 1.4489 | 1.3452 | 1.648 | 1.4994 | 1.0888 |
| Accruals Ratio | -0.0984 | -0.0826 | -0.0629 | -0.1135 | -0.0884 | -0.0192 |
| SBC % of Revenue | 8.17% | 8.52% | 8.85% | 8.18% | 6.77% | 7.06% |
| CapEx Coverage | 56.0391 | 44.0219 | 20.2833 | 17.733 | 20.7759 | 13.6683 |
| Free Cash Flow Per Share | $23.07 | $17.51 | $15.12 | $15.71 | $14.31 | $10.93 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 19.1695 | 41.7419 | 51.8164 | 33.8149 | 61.5299 | 44.0471 |
| P/FCF | 13.8749 | 29.4696 | 40.5049 | 21.7451 | 43.0908 | 43.6317 |
| FCF Yield | 7.21% | 3.39% | 2.47% | 4.60% | 2.32% | 2.29% |
| EV / EBITDA | 14.0099 | 29.5432 | 36.6409 | 22.6753 | 44.5646 | 45.8004 |
| P/S | 5.5624 | 10.5801 | 14.358 | 8.9621 | 18.5525 | 17.757 |
| P/B | 11.3752 | 16.1308 | 16.8709 | 11.2296 | 19.7913 | 17.2269 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 23.77B | 21.50B | 19.41B | 17.61B | 15.79B | 12.87B |
| Cost of Revenue | 2.55B | 2.36B | 2.35B | 2.17B | 1.86B | 1.72B |
| Gross Profit | 21.22B | 19.15B | 17.05B | 15.44B | 13.92B | 11.15B |
| Operating Expenses | 12.51B | 12.41B | 10.40B | 9.34B | 8.12B | 6.91B |
| Operating Income (Loss) | 8.71B | 6.74B | 6.65B | 6.10B | 5.80B | 4.24B |
| Income Tax Expense (Benefit) | 1.60B | 1.37B | 1.37B | 1.25B | 883.00M | -1.08B |
| Net Income (Loss) Attributable to Parent | 7.13B | 5.56B | 5.43B | 4.76B | 4.82B | 5.26B |
| Earnings Per Share, Basic | $16.73 | $12.43 | $11.87 | $10.13 | $10.10 | $10.94 |
| Weighted Average Number of Shares Outstanding, Basic | 426.20M | 447.10M | 457.10M | 469.50M | 477.30M | 480.90M |
| Earnings Per Share, Diluted | $16.70 | $12.36 | $11.82 | $10.10 | $10.02 | $10.83 |
| Weighted Average Number of Shares Outstanding, Diluted | 427.00M | 449.70M | 459.10M | 470.90M | 481.00M | 485.50M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 5.43B | 7.61B | 7.14B | 4.24B | 3.84B | 4.48B |
| Assets, Current | 10.16B | 11.23B | 11.08B | 9.00B | 8.67B | 8.15B |
| Assets | 29.50B | 30.23B | 29.78B | 27.16B | 27.24B | 24.28B |
| Long-term Debt | 6.21B | 4.13B | 3.63B | 3.63B | 4.12B | 4.12B |
| Liabilities, Current | 10.20B | 10.52B | 8.25B | 8.13B | 6.93B | 5.51B |
| Liabilities | 17.87B | 16.13B | 13.26B | 13.11B | 12.44B | 11.02B |
| Stockholders' Equity Attributable to Parent | 11.62B | 14.11B | 16.52B | 14.05B | 14.80B | 13.26B |
| Common Stock, Shares, Outstanding | 413.00M | 441.00M | 455.00M | 462.00M | 475.00M | 479.00M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 10.03B | 8.06B | 7.30B | 7.84B | 7.23B | 5.73B |
| Payments to Acquire Property, Plant, and Equipment | 179.00M | 183.00M | 360.00M | 442.00M | 348.00M | 419.00M |
| Net Cash Provided by (Used in) Investing Activities | -1.19B | 149.00M | 776.00M | -570.00M | -3.54B | -414.00M |
| Payments for Repurchase of Common Stock | 11.28B | 9.50B | 4.40B | 6.55B | 3.95B | 3.05B |
| Net Cash Provided by (Used in) Financing Activities | -11.06B | -7.72B | -5.18B | -6.83B | -4.30B | -3.49B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 2.92B | 3.13B | 6.73B | 4.60B | 2.46B | 2.87B |
| EBITDA | 2.59B | 2.44B | 2.81B | 2.54B | 2.38B | 2.17B |
| Working Capital | -1.00B | -37.00M | 173.00M | -61.00M | 1.69B | 711.00M |
| Net Debt | -525.00M | 1.22B | 1.65B | 1.63B | -195.00M | -3.06B |
| Gross Margin | 89.62% | 89.52% | 89.28% | 89.14% | 89.11% | 89.01% |
| Operating Margin | 37.79% | 36.50% | 36.29% | 35.91% | 37.85% | 34.91% |
| Net Margin | 29.52% | 29.96% | 29.59% | 28.79% | 31.69% | 30.02% |
| Return on Equity (ROE) | 16.52% | 15.97% | 15.06% | 14.77% | 13.83% | 11.93% |
| Return on Assets (ROA) | 6.36% | 6.29% | 6.16% | 6.02% | 6.05% | 5.57% |
| Current Ratio | 0.9119 | 0.9964 | 1.0187 | 0.9933 | 1.1847 | 1.0676 |
| Debt-to-Equity | 0.5079 | 0.572 | 0.5638 | 0.5733 | 0.5012 | 0.3231 |
| Effective Tax Rate | 22.01% | 18.02% | 18.98% | 19.51% | 17.00% | 15.47% |
| Cash Conversion Ratio | 1.5659 | 1.7026 | 3.8775 | 2.7635 | 1.3705 | 1.7356 |
| Accruals Ratio | -0.036 | -0.0442 | -0.1773 | -0.1061 | -0.0224 | -0.041 |
| SBC % of Revenue | 7.96% | 7.89% | 24.27% | 16.28% | 8.31% | 7.87% |
| CapEx Coverage | 79.9459 | 92.9412 | 47.3862 | 64.0137 | 95.4615 | 60.8542 |
| Free Cash Flow Per Share | $7.11 | $7.32 | $15.86 | $10.73 | $5.61 | $6.39 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 15.292 | 19.1695 | 22.2382 | 26.5743 | 28.9097 | 41.6408 |
| EV / EBITDA | 10.2142 | 13.1239 | 15.3044 | 18.4009 | 20.0672 | 27.2546 |
| P/S | 4.3569 | 5.5624 | 6.4628 | 7.8423 | 8.657 | 10.5801 |
| P/B | 9.3185 | 11.3752 | 12.7285 | 15.4825 | 14.5684 | 16.1308 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 6.40B | 6.19B | 5.99B | 5.87B | 5.71B | 5.61B |
| Cost of Revenue | 664.00M | 649.00M | 642.00M | 638.00M | 622.00M | 616.00M |
| Gross Profit | 5.73B | 5.54B | 5.35B | 5.24B | 5.09B | 4.99B |
| Operating Expenses | 3.32B | 3.28B | 3.17B | 3.13B | 2.93B | 3.03B |
| Operating Income (Loss) | 2.42B | 2.26B | 2.17B | 2.11B | 2.16B | 1.96B |
| Income Tax Expense (Benefit) | 533.00M | 408.00M | 415.00M | 410.00M | 371.00M | 308.00M |
| Net Income (Loss) Attributable to Parent | 1.89B | 1.86B | 1.77B | 1.69B | 1.81B | 1.68B |
| Earnings Per Share, Basic | $4.60 | $4.45 | $4.18 | $3.95 | $4.15 | $3.80 |
| Weighted Average Number of Shares Outstanding, Basic | 410.20M | 426.20M | 423.50M | 428.20M | 436.20M | 447.10M |
| Earnings Per Share, Diluted | $4.60 | $4.44 | $4.18 | $3.94 | $4.14 | $3.78 |
| Weighted Average Number of Shares Outstanding, Diluted | 410.80M | 427.00M | 424.10M | 428.90M | 437.60M | 449.70M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 6.33B | 5.43B | 4.98B | 4.93B | 6.76B | 7.61B |
| Assets, Current | 10.39B | 10.16B | 9.41B | 8.98B | 10.86B | 11.23B |
| Assets | 29.70B | 29.50B | 28.75B | 28.11B | 29.95B | 30.23B |
| Long-term Debt | 5.38B | 6.21B | 6.20B | 6.17B | 6.16B | 4.13B |
| Liabilities, Current | 11.39B | 10.20B | 9.24B | 9.04B | 9.16B | 10.52B |
| Liabilities | 18.27B | 17.87B | 16.98B | 16.66B | 16.86B | 16.13B |
| Stockholders' Equity Attributable to Parent | 11.43B | 11.62B | 11.77B | 11.45B | 13.10B | 14.11B |
| Common Stock, Shares, Outstanding | 406.00M | 413.00M | 420.00M | 427.00M | 435.00M | 441.00M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.96B | 3.16B | 6.87B | 4.67B | 2.48B | 2.92B |
| Payments to Acquire Property, Plant, and Equipment | 37.00M | 34.00M | 145.00M | 73.00M | 26.00M | 48.00M |
| Net Cash Provided by (Used in) Investing Activities | 474.00M | -146.00M | -1.04B | -762.00M | -484.00M | 19.00M |
| Payments for Repurchase of Common Stock | 2.48B | 2.47B | 8.81B | 6.75B | 3.25B | 2.50B |
| Net Cash Provided by (Used in) Financing Activities | -2.54B | -2.56B | -8.51B | -6.63B | -2.84B | -2.50B |
Raw XBRL tagging for a single filing
Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.
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(Revenues / RevenueFromContractWithCustomerExcludingAssessedTax,
with a fallback chain). Non-USD rows, rows without a
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Income Statement
22 concepts 3 units Unit US$ · 17 concepts
| Label | Value | Period |
|---|---|---|
| Revenues | 6.40B | 2025-11-29 → 2026-02-27 |
| Cost, Amortization | 5.00M | 2025-11-29 → 2026-02-27 |
| Cost of Revenue | 664.00M | 2025-11-29 → 2026-02-27 |
| Gross Profit | 5.73B | 2025-11-29 → 2026-02-27 |
| Research and Development Expense, Software (Excluding Acquired in Process Cost) | 1.11B | 2025-11-29 → 2026-02-27 |
| Amortization of Intangible Assets | 41.00M | 2025-11-29 → 2026-02-27 |
| Selling and Marketing Expense | 1.71B | 2025-11-29 → 2026-02-27 |
| General and Administrative Expense | 463.00M | 2025-11-29 → 2026-02-27 |
| Operating Expenses | 3.32B | 2025-11-29 → 2026-02-27 |
| Operating Income (Loss) | 2.42B | 2025-11-29 → 2026-02-27 |
| Gain (Loss) on Investments | 5.00M | 2025-11-29 → 2026-02-27 |
| Other Nonoperating Income (Expense) | 62.00M | 2025-11-29 → 2026-02-27 |
| Nonoperating Income (Expense) | 4.00M | 2025-11-29 → 2026-02-27 |
| InterestExpenseNonoperating | 63.00M | 2025-11-29 → 2026-02-27 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | 2.42B | 2025-11-29 → 2026-02-27 |
| Income Tax Expense (Benefit) | 533.00M | 2025-11-29 → 2026-02-27 |
| Net Income (Loss) Attributable to Parent | 1.89B | 2025-11-29 → 2026-02-27 |
Unit shares · 3 concepts
| Label | Value | Period |
|---|---|---|
| Weighted Average Number of Shares Outstanding, Basic | 410.20M | 2025-11-29 → 2026-02-27 |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 6.30M | 2025-11-29 → 2026-02-27 |
| Weighted Average Number of Shares Outstanding, Diluted | 410.80M | 2025-11-29 → 2026-02-27 |
Unit US$ / share · 2 concepts
| Label | Value | Period |
|---|---|---|
| Earnings Per Share, Basic | $4.60 | 2025-11-29 → 2026-02-27 |
| Earnings Per Share, Diluted | $4.60 | 2025-11-29 → 2026-02-27 |
Comprehensive Income
7 concepts 1 unit Unit US$ · 7 concepts
| Label | Value | Period |
|---|---|---|
| Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent | 23.00M | 2025-11-29 → 2026-02-27 |
| OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, after Tax | 0 | 2025-11-29 → 2026-02-27 |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax | -96.00M | 2025-11-29 → 2026-02-27 |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | -23.00M | 2025-11-29 → 2026-02-27 |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | -73.00M | 2025-11-29 → 2026-02-27 |
| Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | -50.00M | 2025-11-29 → 2026-02-27 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 1.84B | 2025-11-29 → 2026-02-27 |
Balance Sheet
48 concepts 3 units Unit US$ · 40 concepts
Unit shares · 6 concepts
| Label | Value | Period |
|---|---|---|
| Preferred Stock, Shares Authorized | 2.00M | as of 2026-02-27 |
| Preferred Stock, Shares Issued | 0 | as of 2026-02-27 |
| Common Stock, Shares Authorized | 900.00M | as of 2026-02-27 |
| Common Stock, Shares, Issued | 601.00M | as of 2026-02-27 |
| Common Stock, Shares, Outstanding | 406.00M | as of 2026-02-27 |
| Treasury Stock, Common, Shares | 195.00M | as of 2026-02-27 |
Unit US$ / share · 2 concepts
| Label | Value | Period |
|---|---|---|
| Preferred Stock, Par or Stated Value Per Share | $0.00 | as of 2026-02-27 |
| Common Stock, Par or Stated Value Per Share | $0.00 | as of 2026-02-27 |
Cash Flow Statement
29 concepts 1 unit Unit US$ · 29 concepts
Notes
32 concepts 4 units Unit US$ · 28 concepts
Unit shares · 1 concept
| Label | Value | Period |
|---|---|---|
| Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 600,000 | 2025-11-29 → 2026-02-27 |
Unit pure · 1 concept
| Label | Value | Period |
|---|---|---|
| Revenue, Remaining Performance Obligation, Percentage | 0.67 | as of 2026-02-27 |
Unit segment · 2 concepts
| Label | Value | Period |
|---|---|---|
| Number of Operating Segments | 1 | 2025-11-29 → 2026-02-27 |
| Number of Reportable Segments | 1 | 2025-11-29 → 2026-02-27 |
Other
1 concepts 1 unit Unit US$ · 1 concept
| Label | Value | Period |
|---|---|---|
| Stock Issued During Period, Value, Treasury Stock Reissued | -39.00M | 2025-11-29 → 2026-02-27 |
Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ADBE CIK 0000796343),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.