Friday 6 November 2026 Export ADBE’s income statement to Excel — free account

Adobe Inc.

ADBE Technology Software Application

Adobe Inc.’s revenue for fiscal 2025 (year ended November 2025) was $23.8 billion, up 10.5% from fiscal 2024.

Revenue: +12.9%
EPS: +10.8%
Free cash flow: +14.7%
Total debt: +2.63%

Quarter to August 2026, against a year earlier

239.16 7.28 −2.95%

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Market cap: $95.9B
P/E: 13.3×
Fwd P/E: 13.7×
Dividend yield: —
F-score: 7/9
Altman Z: 8.51
Beneish M: −2.85
Dividend safety: n/a

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Adobe Inc. (ADBE) Debt to equity

Alert me on Debt to equity

Adobe Inc.'s debt to equity at the end of the quarter to 31 August 2026 was 0.5×, up 0.0× from fiscal 2025 (0.5×). Over the past ten years it has ranged from 0.2× (fiscal 2017) to 0.5× (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 0.0× and above the Technology sector median of 0.0×.

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<iframe src="https://stockrow.com/embed/ADBE/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Adobe Inc. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ADBE/metrics/debt-to-equity">Adobe Inc. (ADBE) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	0.5×	33.91%
FY2024	0.4×	77.81%
FY2023	0.2×	(23.65%)
FY2022	0.3×	3.05%
FY2021	0.3×	(10.12%)
FY2020	0.3×	(19.26%)
FY2019	0.4×	(10.80%)
FY2018	0.4×	98.11%
FY2017	0.2×	(12.72%)
FY2016	0.3×	(6.46%)

Period	Debt to equity	Change
Aug 2026	0.5×	(6.24%)
May 2026	0.6×	5.91%
Feb 2026	0.5×	1.95%
Nov 2025	0.5×	1.42%
44 more quarters	Free account

Against its own ten years

Low 0.2× High 0.5×

Ten-year median 0.3×

Current reading's percentile 100

Company	Debt to equity
DDOG Datadog, Inc. compare	0.2×
INTU Intuit Inc. compare	0.3×
CDNS Cadence Design Systems, Inc. compare	0.4×
ADBE Adobe Inc.	0.5×
UBER Uber Technologies, Inc. compare	0.5×
NOW ServiceNow, Inc. compare	0.6×
ADSK Autodesk, Inc. compare	0.6×
ADP Automatic Data Processing, Inc. compare	1.0×
SNOW Snowflake Inc. compare	1.1×
Software Application industry median	0.0×
Technology sector median	0.0×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Adobe Inc. (ADBE) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

Annual newest first

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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