Adobe Inc.: stock overview

ADBENASDAQTechnology · Services-Prepackaged Software

Price

$243.08

November 13, 2026Market cap $94.6B

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  • The full history: 17 fiscal years, from FY2009
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

Adobe had revenue of $26.0B over the last 12 months and net income of $7.3B, a net margin of 28.1%. Revenue grew by 13.1% a year on average over the last 5 years. At $243.08 the shares trade at a P/E of 13.0, against a median of 41.7 over the last 5 fiscal years. It has net debt of $724M. It pays no dividend.

From its SEC filings (latest fiscal year to November 28, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$94.6B
389M shares
P/E
13.0
Today13.0
Median41.7
Revenue, 12 months
$26.0B
+13.1% a year over 5 years
Net margin
28.1%
FY2025: 30.0%, above 93% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2023–FY2025 fiscal years

+10.7% a year over 2 years

  • FY2025Nov 28, 202510-K
    Revenue$23.8B
  • FY2024Nov 29, 202410-K
    Revenue$21.5B
  • FY2023Dec 1, 202310-K
    Revenue$19.4B

Fiscal years in figures

ADBE's revenue, profit, cash flow and dividend with each year-end price, from FY2009 to FY2022, 14 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $225B
$94.6B
Enterprise value 
$95.3B
P/E 3-year median: 41.7
13.0
EV / EBIT 
10.3
EV / Revenue 
3.7
P/B 3-year median: 15.9
8.0
FCF yield 3-year median: 3.5%
11.2%
Earnings yield 3-year median: 2.4%
7.7%

Profitability

Gross margin 
89.3%
Operating margin 
35.7%
Net margin 3-year median: 28.0%
28.1%
ROIC 
40.5%
ROIC, 5-year average 
28.5%
ROE 
62.7%

Growth

Revenue, yearly change 
+10.5%
EPS, yearly change 
+35.1%
FCF, yearly change 
+25.1%
Revenue, average a year 
+13.1%
EPS, average a year 
+9.0%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$5.6B
Total debt 
$6.8B
Of which operating leases 
$399M
Net debt 
$724M
Net debt / EBITDA 
0.1x
Interest cover 
35.7x
Current ratio 
0.77

Balance sheet of August 28, 2026.

Returns to shareholders

Dividend yield 
0.00%
Buybacks 
11.92%
Total returned 
11.92%
Shares, yearly change 
-5.7%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 73).

Gross margin

89.3%

Above 98% of the 293 companies in its industry, and 99% of all.

Operating margin

36.6%

Above 96% of the 462 companies in its industry, and 95% of all.

Net margin

30.0%

Above 93% of the 473 companies in its industry, and 91% of all.

ROE

61.3%

Above 95% of the 398 companies in its industry, and 97% of all.

ROA

24.2%

Above 97% of the 462 companies in its industry, and 98% of all.

Revenue growth

10.5%

Above 55% of the 461 companies in its industry, and 64% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
ADOBE INC.
CIK
796343
Exchange
NASDAQ
Industry (SIC)
7372 · Services-Prepackaged Software
Fiscal year ends
November 27
Latest annual report
November 28, 2025
Reporting currency
USD
Shares
389M

Other companies: Technology

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The full analysis

What do Adobe's filings show?

These are Adobe's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about ADBE

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What is ADBE's market cap?

Adobe Inc.'s market cap is $94.6B, at a price of $243.08 on November 13, 2026 and 389M shares.

What is ADBE's P/E?

ADBE's P/E is 13.0, on earnings per share of $17.91 over the last 12 months. The median over the last 5 fiscal years was 41.7.

How much revenue does ADBE have?

Adobe had revenue of $26.0B over the last 12 months. Over the last 5 years it changed by +13.1% a year on average.

Does ADBE pay a dividend?

No. Adobe paid no regular dividend over the last 12 months.

Where do the figures come from?

From Adobe Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.