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.

250.35 2.23 +0.90%
Market cap
$96.6B
P/E
14.0×
Fwd P/E
14.5×
Dividend yield
—
F-score
7/9
Altman Z
8.51
Beneish M
−2.85
Dividend safety
n/a

Adobe Inc. (ADBE) Free cash flow

Alert me on Free cash flow

Adobe Inc.'s free cash flow for fiscal 2025 was $9.9B, up 25.1% from $7.9B in fiscal 2024. Over the twelve months to 31 August 2026 it was $10.6B. Over the past ten years it has ranged from $1.3B (fiscal 2015) to $9.9B (fiscal 2025) — the current reading is the highest in ten years. Adobe Inc. ranks 2nd of 221 Software Application companies by free cash flow.

Free cash flow, annual

Embed this chart

Annual newest first

Period Free cash flow Change
FY2025 $9.9B 25.14%
FY2024 $7.9B 13.41%
FY2023 $6.9B (6.14%)
FY2022 $7.4B 7.47%
FY2021 $6.9B 29.65%
FY2020 $5.3B 31.81%
FY2019 $4.0B 7.04%
FY2018 $3.8B 37.56%
FY2017 $2.7B 37.02%
FY2016 $2.0B 48.69%

Quarterly newest first

Period Free cash flow Change
Aug 2026 $2.4B 15.71%
May 2026 $2.1B (27.87%)
Feb 2026 $2.9B (6.56%)
Nov 2025 $3.1B 47.04%
43 more quarters

Against its own ten years

Low $1.3B High $9.9B
Ten-year median $5.3B
Current reading's percentile 100

Free cash flow against peers

What Free cash flow is

Free Cash Flow tells an investor how much cash a company’s operations generate after paying for its investment in physical and intangible assets.

Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)

The full definition of Free cash flow →

More on ADBE