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.
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Adobe Inc. (ADBE) EV/EBITDA
As of 16 October 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 15.4× and below the Technology sector median of 15.3×.
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 | Free account |
Against its own ten years
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 | 13.3× |
| ADP Automatic Data Processing, Inc. compare | 15.8× |
| UBER Uber Technologies, Inc. compare | 20.1× |
| CDNS Cadence Design Systems, Inc. compare | 42.5× |
| NOW ServiceNow, Inc. compare | 43.7× |
| DDOG Datadog, Inc. compare | 698× |
| Software Application industry median | 15.4× |
| Technology sector median | 15.3× |
| Market median | 11.0× |
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)
More on ADBE
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement