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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

245.39 3.09 −1.24%
Market cap
$95.9B
P/E
13.7×
Fwd P/E
13.7×
Dividend yield
—
F-score
7/9
Altman Z
8.51
Beneish M
−2.85
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Adobe Inc. (ADBE) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Adobe Inc. (ADBE) trades at a EV/EBITDA of 9.7×. Over the past ten years it has ranged from 8.0× (June 2026) to 56.0× (August 2020); the current reading is higher than 2% of that period. That is below the Software Application industry median of 15.5× and below the Technology sector median of 14.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 14.6× (51.59%)
FY2024 30.1× (17.78%)
FY2023 36.6× 58.80%
FY2022 23.0× (52.27%)
FY2021 48.2× 5.51%
FY2020 45.7× 25.12%
FY2019 36.5× (6.16%)
FY2018 38.9× 13.42%
FY2017 34.3× 29.58%
FY2016 26.5× (24.37%)

Quarterly newest first

Period EV/EBITDA Change
Aug 2026 11.5× 2.00%
May 2026 11.3× 3.39%
Feb 2026 10.9× (25.00%)
Nov 2025 14.6× (8.95%)
43 more quarters

Against its own ten years

Low 8.0× High 56.0×
Ten-year median 33.8×
Current reading's percentile 2

EV/EBITDA against peers

Company EV/EBITDA
MSTR Strategy Inc compare n/m
SNOW Snowflake Inc. compare n/m
ADBE Adobe Inc. 9.7×
INTU Intuit Inc. compare 14.5×
ADP Automatic Data Processing, Inc. compare 16.3×
UBER Uber Technologies, Inc. compare 19.7×
NOW ServiceNow, Inc. compare 31.6×
CDNS Cadence Design Systems, Inc. compare 40.1×
DDOG Datadog, Inc. compare 488×
Software Application industry median 15.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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