Adobe Inc.(ADBE)Earnings, Financials & Key Ratios

ADBE•NASDAQ

$255.62

$105.57B mkt cap·15.3× P/E·Price updated May 6, 2026

SectorTechnology IndustryInfrastructure Software Sub-IndustryContent collaboration and file sharing

AboutAdobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.Show more

Revenue$23.77B+10.5%
EBITDA$9.52B+25.3%
Net Income$7.13B+28.2%
EPS (Diluted)16.70+35.1%
Gross Margin88.61%-0.5%
EBITDA Margin40.07%+13.4%
Operating Margin36.63%+16.8%
Net Margin30%+16.0%
ROE55.43%+52.6%
ROIC51.44%+32.3%
Debt/Equity0.57+33.2%
Interest Coverage33.10-19.5%

Analysis→Technical→

ADBE Key Insights

Adobe Inc. (ADBE) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 42.4%
✓FCF machine: 41.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 13.1%
✓Share count reduced 5.1% through buybacks
✓Healthy 5Y average net margin of 28.3%

✗Weaknesses

✗Weak momentum: RS Rating 20 (bottom 20%)
✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ADBE Price & Volume

Adobe Inc. (ADBE) stock price & volume — 10-year historical chart

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ADBE Growth Metrics

Adobe Inc. (ADBE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years17.36%

5 Years13.06%

3 Years10.52%

TTM10.96%

Profit CAGR

10 Years27.47%

5 Years6.27%

3 Years14.45%

TTM6.77%

EPS CAGR

10 Years29.7%

5 Years9.05%

3 Years18.25%

TTM13.18%

Return on Capital

10 Years28.05%

5 Years34.16%

3 Years36.71%

Last Year44.64%

ADBE Recent Earnings

Adobe Inc. (ADBE) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 11/12 qtrs (92%)●Beat Revenue 12/12 qtrs (100%)

Q2 2026Latest

Mar 12, 2026

EPS

$6.06

Est $5.87

+3.2%

Revenue

$6.4B

Est $6.3B

+1.9%

Q1 2026

Jan 15, 2026

EPS

$4.45

Est $5.40

-17.6%

Revenue

$6.2B

Est $6.1B

+1.4%

Q4 2025

Dec 10, 2025

EPS

$5.50

Est $5.40

+1.9%

Revenue

$6.2B

Est $6.1B

+1.4%

Q4 2025

Sep 11, 2025

EPS

$5.31

Est $5.18

+2.5%

Revenue

$6.0B

Est $5.9B

+1.2%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Mar 12, 2026	$6.06vs $5.87+3.2%	$6.4Bvs $6.3B+1.9%
Q1 2026	Jan 15, 2026	$4.45vs $5.40-17.6%	$6.2Bvs $6.1B+1.4%
Q4 2025	Dec 10, 2025	$5.50vs $5.40+1.9%	$6.2Bvs $6.1B+1.4%
Q4 2025	Sep 11, 2025	$5.31vs $5.18+2.5%	$6.0Bvs $5.9B+1.2%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
CRMSalesforce, Inc.Direct Competitor	179.88B	186.99	23.97	9.58%	17.96%	12.61%	8.01%	0.11
MSFTMicrosoft CorporationDirect Competitor	3.06T	411.35	30.16	14.93%	39.34%	33.13%	2.34%	0.33
ORCLOracle CorporationDirect Competitor	533.17B	185.45	42.73	8.38%	25.3%	56.31%		4.96
NOWServiceNow, Inc.Direct Competitor	95.34B	92.01	55.10	20.88%	12.59%	14.98%	4.8%	0.25
INTUIntuit Inc.Direct Competitor	111.18B	398.32	29.14	15.63%	21.57%	22.78%	5.47%	0.34
CNVSCineverse Corp.Product Competitor	48.73M	2.49	15.56	59.13%	-16.67%	-24.43%	33.33%	0.01
WIXWix.com Ltd.Product Competitor	4.23B	77.03	87.53	13.2%	2.54%		13.59%
TTWOTake-Two Interactive Software, Inc.Product Competitor	46.59B	223.11	-8.72	5.31%	-60.45%	-113.43%		1.92

Compare ADBE vs Peers

Adobe Inc. (ADBE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CRM

Most directly comparable listed peer for ADBE.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare ADBE against a more recognizable public peer.

Peer Set

Compare Top 5

vs CRM, MSFT, ORCL, NOW

ADBE Income Statement

Adobe Inc. (ADBE) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Nov'18	Nov'19	Nov'20	Dec'21	Dec'22	Dec'23	Nov'24	Nov'25	TTM
Sales/Revenue	7.3B	9.03B	11.17B	12.87B	15.79B	17.61B	19.41B	21.5B	23.77B	24.45B
Revenue Growth %	24.72%	23.67%	23.71%	15.19%	22.67%	11.54%	10.24%	10.8%	10.53%	10.96%
Cost of Goods Sold	1.01B	1.19B	1.67B	1.72B	1.86B	2.17B	2.35B	2.36B	2.71B	2.63B
COGS % of Revenue	13.84%	13.23%	14.97%	13.38%	11.82%	12.3%	12.13%	10.96%	11.39%	-
Gross Profit	6.29B▲ 0%	7.84B▲ 24.5%	9.5B▲ 21.2%	11.15B▲ 17.3%	13.92B▲ 24.9%	15.44B▲ 10.9%	17.05B▲ 10.5%	19.15B▲ 12.3%	21.06B▲ 10.0%	21.82B▲ 0%
Gross Margin %	86.16%	86.77%	85.03%	86.62%	88.19%	87.7%	87.87%	89.04%	88.61%	89.24%
Gross Profit Growth %	24.96%	24.54%	21.23%	17.34%	24.89%	10.93%	10.45%	12.27%	10%	-
Operating Expenses	4.12B	4.99B	6.23B	6.91B	8.12B	9.34B	10.4B	12.41B	12.36B	12.83B
OpEx % of Revenue	56.47%	55.31%	55.77%	53.69%	51.43%	53.07%	53.61%	57.69%	51.98%	-
Selling, General & Admin	2.82B	3.37B	4.12B	4.56B	5.41B	6.19B	6.76B	7.29B	8.06B	8.37B
SG&A % of Revenue	38.65%	37.27%	36.92%	35.43%	34.25%	35.14%	34.85%	33.91%	33.91%	-
Research & Development	1.22B	1.54B	1.93B	2.19B	2.54B	2.99B	3.47B	3.94B	4.29B	4.38B
R&D % of Revenue	16.76%	17.03%	17.28%	17%	16.09%	16.97%	17.89%	18.34%	18.07%	-
Other Operating Expenses	76.56M	91.1M	175.24M	162M	172M	169M	168M	1.17B	0	2M
Operating Income	2.17B▲ 0%	2.84B▲ 31.0%	3.27B▲ 15.1%	4.24B▲ 29.6%	5.8B▲ 36.9%	6.1B▲ 5.1%	6.65B▲ 9.1%	6.74B▲ 1.4%	8.71B▲ 29.1%	9B▲ 0%
Operating Margin %	29.69%	31.45%	29.25%	32.93%	36.76%	34.64%	34.26%	31.35%	36.63%	36.79%
Operating Income Growth %	45.16%	31.01%	15.06%	29.65%	36.94%	5.1%	9.05%	1.37%	29.15%	-
EBITDA	2.49B	3.19B	4B	4.99B	6.66B	7.04B	7.52B	7.6B	9.52B	9.6B
EBITDA Margin %	34.16%	35.29%	35.85%	38.81%	42.21%	39.97%	38.76%	35.33%	40.07%	39.25%
EBITDA Growth %	36.65%	27.78%	25.67%	24.7%	33.42%	5.61%	6.89%	1.01%	25.35%	8.33%
D&A (Non-Cash Add-back)	326M	346.49M	736.67M	757M	861M	939M	872M	857M	818M	601M
EBIT	2.17B	2.88B	3.36B	4.29B	5.81B	6.1B	6.91B	7.1B	8.93B	9.14B
Net Interest Income	-8.33M	4M	-89M	-73M	-96M	-51M	156M	177M	-263M	-138M
Interest Income	66.07M	93M	68M	43M	17M	61M	269M	341M	0	0
Interest Expense	74.4M	89M	157M	116M	113M	112M	113M	164M	263M	138M
Other Income/Expense	-30.45M	-46.49M	-63.38M	-61M	-97M	-90M	149M	190M	28M	-22M
Pretax Income	2.14B▲ 0%	2.79B▲ 30.7%	3.2B▲ 14.7%	4.18B▲ 30.3%	5.71B▲ 36.6%	6.01B▲ 5.3%	6.8B▲ 13.2%	6.93B▲ 1.9%	8.73B▲ 26.0%	8.97B▲ 0%
Pretax Margin %	29.28%	30.94%	28.69%	32.45%	36.14%	34.12%	35.03%	32.23%	36.75%	36.7%
Income Tax	443.69M	203.1M	253.28M	-1.08B	883M	1.25B	1.37B	1.37B	1.6B	1.77B
Effective Tax Rate %	20.76%	7.27%	7.9%	-25.96%	15.48%	20.84%	20.16%	19.78%	18.37%	19.68%
Net Income	1.69B▲ 0%	2.59B▲ 52.9%	2.95B▲ 13.9%	5.26B▲ 78.2%	4.82B▼ 8.3%	4.76B▼ 1.4%	5.43B▲ 14.1%	5.56B▲ 2.4%	7.13B▲ 28.2%	7.21B▲ 0%
Net Margin %	23.2%	28.69%	26.42%	40.88%	30.55%	27.01%	27.97%	25.85%	30%	29.48%
Net Income Growth %	44.93%	52.94%	13.92%	78.22%	-8.33%	-1.37%	14.13%	2.43%	28.24%	6.77%
Net Income (Continuing)	1.69B	2.59B	2.95B	5.26B	4.82B	4.76B	5.43B	5.56B	7.13B	7.21B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)	3.38▲ 0%	5.20▲ 53.8%	6.00▲ 15.4%	10.83▲ 80.5%	10.02▼ 7.5%	10.10▲ 0.8%	11.83▲ 17.1%	12.36▲ 4.5%	16.70▲ 35.1%	17.54▲ 0%
EPS Growth %	45.69%	53.85%	15.38%	80.5%	-7.48%	0.8%	17.13%	4.48%	35.11%	13.18%
EPS (Basic)	3.43	5.28	6.07	10.94	10.10	10.13	11.88	12.44	16.73	-
Diluted Shares Outstanding	501.12M	497.84M	491.57M	485M	481M	471M	459M	450M	427M	411M
Basic Shares Outstanding	493.63M	490.56M	486.29M	481M	477M	470M	457M	447.1M	426M	410M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

ADBE Balance Sheet

Adobe Inc. (ADBE) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Nov'18	Nov'19	Nov'20	Dec'21	Dec'22	Dec'23	Nov'24	Nov'25	TTM
Total Current Assets	7.25B	4.86B	6.5B	8.15B	8.67B	9B	11.08B	11.23B	10.16B	10.39B
Cash & Short-Term Investments	5.82B	3.23B	4.18B	5.99B	5.8B	6.1B	7.84B	7.89B	6.59B	6.89B
Cash Only	2.31B	1.64B	2.65B	4.48B	3.84B	4.24B	7.14B	7.61B	5.43B	6.33B
Short-Term Investments	3.51B	1.59B	1.53B	1.51B	1.95B	1.86B	701M	273M	1.16B	558M
Accounts Receivable	1.22B	1.32B	1.53B	1.4B	1.88B	2.06B	2.22B	2.07B	2.34B	2.09B
Days Sales Outstanding	60.89	53.18	50.15	39.65	43.43	42.81	41.82	35.17	35.99	30.84
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	0	0	0	0	0	835M	1.02B	1.27B	1.22B	1.4B
Total Non-Current Assets	7.29B	13.91B	14.27B	16.14B	18.57B	18.17B	18.7B	19B	19.33B	19.32B
Property, Plant & Equipment	936.98M	1.08B	1.29B	2B	2.12B	2.31B	2.39B	2.22B	2.19B	2.16B
Fixed Asset Turnover	7.79x	8.40x	8.64x	6.42x	7.46x	7.61x	8.13x	9.70x	10.88x	11.24x
Goodwill	5.82B	10.58B	10.69B	10.74B	12.67B	12.79B	12.8B	12.79B	12.86B	12.87B
Intangible Assets	385.66M	2.07B	1.72B	1.36B	1.82B	1.45B	1.09B	782M	495M	454M
Long-Term Investments	0	0	0	0	0	0	0	0	0	66M
Other Non-Current Assets	143.55M	186.52M	562M	663M	883M	841M	1.22B	1.55B	1.61B	6.4B
Total Assets	14.54B▲ 0%	18.77B▲ 29.1%	20.76B▲ 10.6%	24.28B▲ 17.0%	27.24B▲ 12.2%	27.16B▼ 0.3%	29.78B▲ 9.6%	30.23B▲ 1.5%	29.5B▼ 2.4%	29.7B▲ 0%
Asset Turnover	0.50x	0.48x	0.54x	0.53x	0.58x	0.65x	0.65x	0.71x	0.81x	0.84x
Asset Growth %	14.48%	29.12%	10.62%	16.96%	12.18%	-0.28%	9.62%	1.51%	-2.43%	-13.21%
Total Current Liabilities	3.53B	4.3B	8.19B	5.51B	6.93B	8.13B	8.25B	10.52B	10.2B	11.39B
Accounts Payable	113.54M	186.26M	209M	306M	312M	379M	314M	361M	417M	0
Days Payables Outstanding	41.01	56.89	45.61	64.86	61.06	63.9	48.69	55.88	56.21	38.65
Short-Term Debt	0	0	3.15B	0	0	500M	0	1.5B	0	84M
Deferred Revenue (Current)	2.41B	2.92B	3.38B	3.63B	4.73B	5.3B	5.84B	6.13B	6.91B	26.79B
Other Current Liabilities	256.86M	314.69M	477M	502M	1.07B	1.03B	1.14B	1.46B	2.65B	4.03B
Current Ratio	2.05x	1.13x	0.79x	1.48x	1.25x	1.11x	1.34x	1.07x	1.00x	1.00x
Quick Ratio	2.05x	1.13x	0.79x	1.48x	1.25x	1.11x	1.34x	1.07x	1.00x	1.00x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-7.81
Total Non-Current Liabilities	2.55B	5.11B	2.04B	5.51B	5.51B	4.99B	5.01B	5.6B	7.67B	6.88B
Long-Term Debt	1.88B	4.12B	989M	4.12B	4.12B	3.63B	3.63B	4.13B	6.21B	344M
Capital Lease Obligations	0	0	0	499M	453M	417M	373M	353M	361M	1.05B
Deferred Tax Liabilities	279.94M	46.7M	140M	10M	5M	0	0	0	0	0
Other Non-Current Liabilities	298.28M	796.31M	789M	752M	786M	823M	890M	994M	977M	9.56B
Total Liabilities	6.08B	9.41B	10.23B	11.02B	12.44B	13.11B	13.26B	16.13B	17.87B	18.27B
Total Debt	1.88B	4.12B	4.14B	4.71B	4.67B	4.63B	4.08B	6.06B	6.65B	428M
Net Debt	-424.65M	2.48B	1.49B	230M	829M	397M	-3.06B	-1.56B	1.22B	-5.9B
Debt / Equity	0.22x	0.44x	0.39x	0.35x	0.32x	0.33x	0.25x	0.43x	0.57x	0.57x
Debt / EBITDA	0.75x	1.29x	1.03x	0.94x	0.70x	0.66x	0.54x	0.80x	0.70x	0.04x
Net Debt / EBITDA	-0.17x	0.78x	0.37x	0.05x	0.12x	0.06x	-0.41x	-0.20x	0.13x	0.13x
Interest Coverage	29.14x	31.91x	20.82x	36.53x	51.35x	54.45x	58.85x	41.10x	33.10x	66.23x
Total Equity	8.46B▲ 0%	9.36B▲ 10.7%	10.53B▲ 12.5%	13.26B▲ 26.0%	14.8B▲ 11.6%	14.05B▼ 5.0%	16.52B▲ 17.6%	14.11B▼ 14.6%	11.62B▼ 17.6%	11.43B▲ 0%
Equity Growth %	13.94%	10.66%	12.47%	25.96%	11.56%	-5.04%	17.56%	-14.61%	-17.6%	-72.24%
Book Value per Share	16.88	18.81	21.42	27.35	30.76	29.83	35.99	31.34	27.22	27.82
Total Shareholders' Equity	8.46B	9.36B	10.53B	13.26B	14.8B	14.05B	16.52B	14.11B	11.62B	11.43B
Common Stock	61K	61K	0	0	0	0	0	0	0	0
Retained Earnings	9.57B	11.82B	14.83B	19.61B	23.91B	28.32B	33.35B	38.47B	45.35B	47.17B
Treasury Stock	-6.08B	-7.99B	-10.62B	-13.55B	-17.4B	-23.84B	-28.13B	-37.58B	-48.85B	-48.85B
Accumulated OCI	-111.82M	-148.13M	-188M	-158M	-137M	-293M	-285M	-201M	-245M	-295M
Minority Interest	0	0	0	0	0	0	0	0	0	0

ADBE Cash Flow Statement

Adobe Inc. (ADBE) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Nov'18	Nov'19	Nov'20	Dec'21	Dec'22	Dec'23	Nov'24	Nov'25	TTM
Cash from Operations	2.91B	4.03B	4.42B	5.73B	7.23B	7.84B	7.3B	8.06B	10.03B	10.03B
Operating CF Margin %	39.89%	44.62%	39.58%	44.51%	45.8%	44.52%	37.62%	37.46%	42.2%	-
Operating CF Growth %	32.42%	38.33%	9.73%	29.53%	26.24%	8.41%	-6.84%	10.33%	24.52%	49.06%
Net Income	1.69B	2.59B	2.95B	5.26B	4.82B	4.76B	5.43B	5.56B	7.13B	7.21B
Depreciation & Amortization	326M	346.49M	624.75M	757M	788M	856M	872M	894M	818M	775M
Stock-Based Compensation	451.45M	603.47M	787.71M	909M	1.07B	1.44B	1.72B	1.88B	1.94B	1.98B
Deferred Taxes	51.6M	-468.94M	2.71M	-1.5B	183M	328M	-426M	-341M	-119M	-119M
Other Non-Cash Items	-57.1M	469.73M	-50.33M	116M	76M	122M	65M	-82M	152M	690M
Working Capital Changes	446.94M	487.77M	105.03M	186M	292M	336M	-355M	144M	108M	-23M
Change in Receivables	-187.17M	-1.98M	-187.83M	106M	-430M	-198M	-159M	143M	-25M	-122M
Change in Inventory	232.36M	445.8M	164.7M	-202M	0	0	208M	0	0	0
Change in Payables	-45.19M	54.92M	23.13M	96M	-20M	66M	-49M	44M	-23M	5M
Cash from Investing	-442.88M	-4.68B	-455.08M	-414M	-3.54B	-570M	776M	149M	-1.19B	-229M
Capital Expenditures	-178.12M	-267M	-333.98M	-419M	-348M	-442M	-360M	-232M	-179M	-190M
CapEx % of Revenue	2.44%	2.96%	2.99%	3.26%	2.2%	2.51%	1.85%	1.08%	0.75%	-
Acquisitions	-459.63M	-6.31B	-100.7M	0	-2.68B	-126M	0	0	-17M	-17M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.9B	0	-565.43M	-865M	0	0	0	51M	-554M	-554M
Cash from Financing	-1.18B	-5.57M	-2.95B	-3.49B	-4.3B	-6.83B	-5.18B	-7.72B	-11.06B	-10.76B
Debt Issued (Net)	0	2.25B	0	-6M	0	0	-500M	2B	497M	0
Equity Issued (Net)	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-4M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-1.1B	-2.05B	-2.75B	-3.05B	-3.95B	-6.55B	-4.4B	-9.5B	-11.28B	-10.51B
Other Financing	-242.09M	189.43M	-428.98M	249M	-642M	-553M	-596M	-430M	-420M	-263M
Net Change in Cash	1.29B▲ 0%	-663.3M▼ 151.2%	1.01B▲ 251.9%	1.83B▲ 81.4%	-634M▼ 134.7%	392M▲ 161.8%	2.9B▲ 641.1%	472M▼ 83.8%	-2.18B▼ 562.3%	-426M▲ 0%
Free Cash Flow	2.73B▲ 0%	3.76B▲ 37.6%	4.09B▲ 8.6%	5.31B▲ 29.9%	6.89B▲ 29.9%	7.4B▲ 7.3%	6.94B▼ 6.1%	7.82B▲ 12.7%	9.85B▲ 25.9%	10.32B▲ 0%
FCF Margin %	37.45%	41.67%	36.59%	41.25%	43.67%	42.01%	35.77%	36.38%	41.45%	42.19%
FCF Growth %	37.02%	37.59%	8.63%	29.86%	29.86%	7.3%	-6.14%	12.71%	25.92%	12.37%
FCF per Share	5.46	7.56	8.31	10.94	14.33	15.70	15.12	17.39	23.07	23.07
FCF Conversion (FCF/Net Income)	1.72x	1.56x	1.50x	1.09x	1.50x	1.65x	1.35x	1.45x	1.41x	1.43x
Interest Paid	69.43M	81M	152M	88M	100M	103M	106M	143M	196M	148M
Taxes Paid	396.67M	210M	352M	469M	843M	778M	1.85B	1.73B	1.71B	1.52B

ADBE Key Ratios

Adobe Inc. (ADBE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	21.33%	29.07%	29.67%	44.21%	34.37%	32.97%	35.51%	36.31%	55.43%	62.31%
Return on Invested Capital (ROIC)	19.9%	21.43%	20.54%	24.91%	29.89%	30.41%	35.75%	38.88%	51.44%	51.44%
Gross Margin	86.16%	86.77%	85.03%	86.62%	88.19%	87.7%	87.87%	89.04%	88.61%	89.24%
Net Margin	23.2%	28.69%	26.42%	40.88%	30.55%	27.01%	27.97%	25.85%	30%	29.48%
Debt / Equity	0.22x	0.44x	0.39x	0.35x	0.32x	0.33x	0.25x	0.43x	0.57x	0.57x
Interest Coverage	29.14x	31.91x	20.82x	36.53x	51.35x	54.45x	58.85x	41.10x	33.10x	66.23x
FCF Conversion	1.72x	1.56x	1.50x	1.09x	1.50x	1.65x	1.35x	1.45x	1.41x	1.43x
Revenue Growth	24.72%	23.67%	23.71%	15.19%	22.67%	11.54%	10.24%	10.8%	10.53%	10.96%

ADBE SEC Filings & Documents

Adobe Inc. (ADBE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Mar 12, 2026·SEC

Material company update

Jan 27, 2026·SEC

Material company update

Dec 10, 2025·SEC

10-K Annual Reports

FY 2026

Jan 15, 2026·SEC

FY 2025

Jan 13, 2025·SEC

10-Q Quarterly Reports

FY 2026

Mar 25, 2026·SEC

FY 2025

Sep 24, 2025·SEC

FY 2025

Jun 25, 2025·SEC

ADBE Frequently Asked Questions

Adobe Inc. (ADBE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Adobe Inc. (ADBE) reported $24.45B in revenue for fiscal year 2025. This represents a 3009% increase from $786.6M in 1996.

Adobe Inc. (ADBE) grew revenue by 10.5% over the past year. This is steady growth.

Yes, Adobe Inc. (ADBE) is profitable, generating $7.21B in net income for fiscal year 2025 (30.0% net margin).

Dividend & Returns

Adobe Inc. (ADBE) has a return on equity (ROE) of 55.4%. This is excellent, indicating efficient use of shareholder capital.

Adobe Inc. (ADBE) generated $10.32B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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