Saturday 10 October 2026 Export all ADBE data to Excel Powerpack

Adobe Inc.

Adobe Inc.’s revenue for fiscal 2025 (year ended November 2025) was $23.8 billion, up 10.5% from fiscal 2024. In the quarter to August 2026, revenue grew 12.9%, EPS grew 10.8%, free cash flow grew 14.7% and total debt rose 2.63%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years; insiders bought in the last twelve months.

242.27 1.22 +0.51%

Follow ADBE

Alert me

Market cap: $93.8B
P/E: 13.5×
Fwd P/E: 13.8×
Dividend yield: —
F-score: 7/9
Altman Z: 8.51
Beneish M: −2.85
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Impairment Jun 15, 2026

All filings →

Insider Decisions trades per month

Total buys 1.95

Total sells 50.72

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	—	—	1	—	—	3	—	—	1	—	1	—

Insider Ownership 1.64%

Capital & Financial Ratios $m

Market Cap 93,820.00

Revenue 25,970.00

Net Income 7,284.00

Free Cash Flow 10,592.00

Net Debt 724.00

Current Ratio 0.77

Debt/Equity 0.54

P/E ratio 13.50

Fwd P/E 13.80

P/S ratio 3.68

P/B ratio 8.13

Past 5Y EPS Growth 9.05%

This Y EPS Growth 16.92%

Next Y EPS Growth 13.25%

Next Y revenue growth 11.96%

Next 5Y EPS Growth 14.75%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 1.70%

10-year low 10-year high

P/S against its own 10 years 1.51%

10-year low 10-year high

P/B against its own 10 years 12.74%

10-year low 10-year high

EV/Sales against its own 10 years 1.48%

10-year low 10-year high

EV/FCF against its own 10 years 1.55%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	7,842	7,886	6,595	5,639
Receivables	2,224	2,072	2,344	2,081
Inventory	—	—	—	—
Other	—	—	—	—
	11,084	11,232	10,163	9,158

	2023	2024	2025	Q'26
Payables	314	361	417	529
ST’ Debt	73	1,499	—	1,597
Other	—	—	—	—
	8,251	10,521	10,200	11,888

Compound Annual Growth %

	10y	5y	3y
Sales	17.36%	13.06%	10.52%
Cash Flow	21.18%	11.86%	8.57%
Earnings	27.47%	6.27%	14.45%
Book Value	5.20%	(2.61%)	(6.13%)

Revenue $m

	Feb	May	Aug	Nov	Year
’26	6,398	6,618	6,760	—	—
’25	5,714	5,873	5,988	6,194	23,769
’24	5,182	5,309	5,408	5,606	21,505
’23	4,655	4,816	4,890	5,048	19,409
’22	4,262	4,386	4,433	4,525	17,606
’21	3,905	3,835	3,935	4,110	15,785
’20	3,091	3,128	3,225	3,424	12,868

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Feb	May	Aug	Nov	Year
’26	2,958	2,165	2,523	—	—
’25	2,482	2,191	2,198	3,160	10,031
’24	1,174	1,940	2,021	2,921	8,056
’23	1,693	2,139	1,873	1,597	7,302
’22	1,769	2,040	1,704	2,325	7,838
’21	1,772	1,988	1,404	2,066	7,230
’20	1,325	1,184	1,436	1,782	5,727

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Feb	May	Aug	Nov	Year
’26	2,921	2,107	2,438	—	—
’25	2,456	2,144	2,126	3,126	9,852
’24	1,137	1,899	1,964	2,873	7,873
’23	1,592	2,018	1,782	1,550	6,942
’22	1,669	1,914	1,579	2,234	7,396
’21	1,713	1,893	1,309	1,967	6,882
’20	1,231	1,088	1,310	1,679	5,308

Fiscal quarters ending in the months shown.

EPS $

	Feb	May	Aug	Nov	Year
’26	4.60	4.25	4.62	—	—
’25	4.14	3.94	4.18	4.45	16.70
’24	1.36	3.49	3.76	3.79	12.36
’23	2.71	2.82	3.05	3.23	11.82
’22	2.66	2.49	2.42	2.53	10.10
’21	2.61	2.32	2.52	2.57	10.02
’20	1.96	2.27	1.97	4.64	10.83

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	71.27	102.81	175.26	215.15	255.13	420.78	274.73	318.60	432.47	311.59	Analyst estimates 2026–2028 Powerpack
	High	111.09	186.27	277.61	332.88	536.88	699.54	575.00	633.89	638.25	465.70
People
People	Employees	15,706	17,973	21,357	22,634	22,516	25,988	29,239	29,945	30,709	31,360
	Revenue/emp, $m	0.37	0.41	0.42	0.49	0.57	0.61	0.60	0.65	0.70	0.76
Income, $m
Income, $m	Revenue	5,854	7,302	9,030	11,171	12,868	15,785	17,606	19,409	21,505	23,769
	Gross margin, %	86.00	86.16	86.77	85.02	86.62	88.18	87.70	87.87	89.04	89.27
	EBT	1,435	2,138	2,794	3,205	4,176	5,705	6,008	6,799	6,931	8,734
	EBT margin, %	24.51	29.28	30.94	28.69	32.45	36.14	34.12	35.03	32.23	36.75
	Net income	1,169	1,694	2,591	2,951	5,260	4,822	4,756	5,428	5,560	7,130
	Depreciation	332	326	346	757	757	788	856	872	857	818
Per share, $
Per share, $	Revenue	11.75	14.79	18.39	22.99	26.75	33.09	37.46	42.47	48.11	55.80
	Earnings	2.35	3.43	5.28	6.07	10.94	10.10	10.13	11.87	12.43	16.73
	Cash flow	4.41	5.90	8.21	9.10	11.91	15.16	16.68	15.98	18.02	23.55
	Capex	(0.41)	(0.36)	(0.54)	(0.81)	(0.87)	(0.73)	(0.94)	(0.79)	(0.41)	(0.42)
	Free cash flow	4.01	5.54	7.66	8.29	11.04	14.43	15.74	15.19	17.61	23.13
	Book value	14.90	17.14	19.07	21.67	27.58	31.02	29.90	36.14	31.55	27.28
	Shares, m	498	494	491	486	481	477	470	457	447	426
Valuation, ×
Valuation, ×	P/E	43.75	52.75	47.52	49.88	43.74	66.32	34.05	51.43	41.43	19.30
	P/S	8.75	12.27	13.64	13.17	17.89	20.24	9.21	14.39	10.73	5.79
	P/B	6.90	10.59	13.16	13.97	17.35	21.59	11.54	16.90	16.36	11.83
	EV/Sales	8.26	11.73	13.74	13.17	17.75	20.14	9.10	14.17	10.62	5.83
	EV/FCF	24.23	31.32	32.98	36.53	43.02	46.20	21.65	39.63	29.02	14.07
Cash, $m
Cash, $m	Operating cash flow	2,200	2,913	4,029	4,422	5,727	7,230	7,838	7,302	8,056	10,031
	Capex	(204)	(178)	(267)	(395)	(419)	(348)	(442)	(360)	(183)	(179)
	Free cash flow	1,996	2,735	3,762	4,027	5,308	6,882	7,396	6,942	7,873	9,852
Balance, $m
Balance, $m	Working capital	3,028	3,720	556	(1,696)	2,634	1,737	868	2,833	711	(37)
	Total debt	1,892	1,881	4,125	4,138	4,209	4,220	4,129	3,707	5,628	6,210
	Net debt	(2,869)	(3,938)	896	(39)	(1,783)	(1,578)	(1,967)	(4,135)	(2,258)	(385)
	Shareholders’ equity	7,425	8,460	9,362	10,530	13,264	14,797	14,051	16,518	14,105	11,623
Returns, %
Returns, %	ROA	9.57	12.44	15.56	14.93	23.35	18.72	17.48	19.06	18.53	23.88
	ROIC	20.49	29.97	17.30	19.47	23.07	27.43	31.54	33.56	35.56	48.42
	ROE	16.20	21.33	29.08	29.67	44.21	34.37	32.97	35.51	36.31	55.43

Negative figures in brackets.

All 10 years →

Fiscal years to Nov 2025 · latest quarter Aug 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
NOW ServiceNow, Inc.	$144.5B	87.3×	56.5×	+24.01% (above 0%: growing)	−22.04% (below 0%: shrinking)	−10.08% (below 0%: shrinking)	70.68%	4.06%	Compare
UBER Uber Technologies, Inc.	$143.5B	15.5×	24.0×	+12.17% (above 0%: growing)	+81.54% (above 0%: growing)	+12.81% (above 0%: growing)	44.93%	13.32%	Compare
SNOW Snowflake Inc.	$121.2B	— (loss-making)	— (loss-making)	+35.09% (above 0%: growing)	n/m	+47.23% (above 0%: growing)	67.02%	(17.00%)	Compare
ADP Automatic Data Processing, Inc.	$107.3B	24.7×	19.0×	+6.77% (above 0%: growing)	+9.37% (above 0%: growing)	−5.49% (below 0%: shrinking)	45.88%	23.00%	Compare
DDOG Datadog, Inc.	$98.3B	575×	420×	+35.64% (above 0%: growing)	+1,610.53% (above 0%: growing)	+68.55% (above 0%: growing)	78.59%	0.49%	Compare
CDNS Cadence Design Systems, Inc.	$96.1B	69.6×	83.7×	+24.23% (above 0%: growing)	+127.12% (above 0%: growing)	+72.50% (above 0%: growing)	84.90%	28.42%	Compare
ADBE Adobe Inc.	$93.8B	13.5×	13.8×	+12.89% (above 0%: growing)	+10.77% (above 0%: growing)	+14.68% (above 0%: growing)	88.71%	34.82%
INTU Intuit Inc.	$81.2B	18.3×	15.3×	+13.65% (above 0%: growing)	−1.47% (below 0%: shrinking)	+253.37% (above 0%: growing)	78.11%	10.91%	Compare
MSTR Strategy Inc	$63.9B	— (loss-making)	3.8×	+6.88% (above 0%: growing)	n/m	+6.40% (above 0%: growing)	66.64%	(6,808.11%)	Compare
Median of peers	$102.8B	47.1×	24.0×	+18.83%	+45.46%	+30.02%	68.85%	7.49%

All 237 Software Application stocks →

Adobe Inc. (ADBE) key facts

Strength: Adobe Inc.’s revenue for fiscal 2025 (year ended November 2025) was $23.8 billion, up 10.5% from fiscal 2024.
Strength: Net income was $7.1 billion, or $16.73 per share (basic), a net margin of 30.0%.
Adobe Inc. (ADBE) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 9, 2026, ADBE traded at $242.27, a market capitalization of $93.8 billion.
At that price the stock trades at 13.5× trailing-twelve-month earnings and 3.7× sales; its P/E is higher than 2% of its own readings over the past ten years.
Return on equity was 55.4% and debt-to-equity 0.54.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 8.51 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 2, 2026.

Financial Analysis (summary)

Updated 25 September 2026

Adobe reported $23.8 billion of revenue, $7.1 billion of net income and $9.9 billion of free cash flow in FY2025. In Q3 FY2026, revenue was $6.8 billion, operating income was $2.4 billion and diluted EPS was $4.62. Trailing-twelve-month revenue reached $26.0 billion to Q3 FY2026.

FY2025 operating margin was 36.6%, while free cash flow represented 138.2% of net income. At Q3 FY2026, net debt was $724.0 million and the current ratio was 0.8×. As of September 23, 2026, the P/E was 13.4×, below the company’s five- and ten-year median P/E levels.

Read the full analysis →