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. 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.

245.20 6.47 −2.57%
Market cap
$98.0B
P/E
13.7×
Fwd P/E
13.8×
Dividend yield
—
F-score
7/9
Altman Z
8.51
Beneish M
−2.85
Dividend safety
n/a

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 0.1×.

Debt to equity, annual

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Annual newest first

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%)

Quarterly newest first

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

Against its own ten years

Low 0.2× High 0.5×
Ten-year median 0.3×
Current reading's percentile 100

Debt to equity against peers

Company Debt to equity
MSTR Strategy Inc compare 0.2×
DDOG Datadog, Inc. compare 0.2×
INTU Intuit Inc. compare 0.3×
CDNS Cadence Design Systems, Inc. compare 0.4×
UBER Uber Technologies, Inc. compare 0.5×
ADBE Adobe Inc. 0.5×
NOW ServiceNow, Inc. compare 0.6×
ADP Automatic Data Processing, Inc. compare 0.8×
SNOW Snowflake Inc. compare 1.1×
Software Application industry median 0.0×
Technology sector median 0.1×
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 →

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