ADBE

Updated: Mar 12, 2026 11:30 AM

Adobe Systems Incorporated

Market Cap: $151.20B P/S: 24x Ownership — Insider: 0.2% | Institutional: 86.0% | Retail: 13.8% TECHNOLOGY SOFTWARE - APPLICATION

Adobe Systems Incorporated is a leading American multinational software company headquartered in San Jose, California, distinguished for its pioneering role in digital media and marketing solutions. Renowned for its flagship products such as Adobe Photoshop, Illustrator, and Acrobat, Adobe serves as an indispensable ally to creative professionals and businesses worldwide. The company has strategically expanded its offerings with Adobe Experience Cloud, which provides a robust suite of tools designed to enhance customer engagement and optimize marketing strategies. Leveraging advancements in artificial intelligence and cloud technology, Adobe is positioned to maintain its competitive edge in a rapidly evolving digital landscape, supported by a substantial and diverse global user base.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        20/20 dates (100%)
  ✅ grossProfit                         20/20 dates (100%)
  ✅ netIncome                           20/20 dates (100%)

Plot for ADBE (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                     5.94B                    11.88B                    17.83B                    23.77B
               |                         |                         |                         |                         |

  2006-11-30 |  2.58B
  2007-11-30 |  3.16B
  2008-11-30 |  3.58B
  2009-11-30 |  2.95B
  2010-11-30 |  3.80B
  2011-11-30 |  4.22B
  2012-11-30 |  4.40B
  2013-11-30 |  4.06B
  2014-11-30 |  4.15B
  2015-11-30 |  4.80B
  2016-11-30 |  5.85B
  2017-11-30 |  7.30B
  2018-11-30 |  9.03B
  2019-11-30 |  11.17B
  2020-11-30 |  12.87B
  2021-11-30 |  15.79B
  2022-11-30 |  17.61B
  2023-11-30 |  19.41B
  2024-11-30 |  21.50B
  2025-11-30 |  23.77B

               |                         |                         |                         |                         |
               0.00B                     5.94B                    11.88B                    17.83B                    23.77B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              20/20 dates (100%)
  ✅ sellingGeneralAndAdministrative     20/20 dates (100%)
  ✅ costofGoodsAndServicesSold          20/20 dates (100%)

Plot for ADBE (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     1.07B                     2.15B                     3.22B                     4.29B
               |                         |                         |                         |                         |

  2006-11-30 |  0.54B
  2007-11-30 |  0.61B
  2008-11-30 |  0.66B
  2009-11-30 |  0.57B
  2010-11-30 |  0.68B
  2011-11-30 |  0.74B
  2012-11-30 |  0.74B
  2013-11-30 |  0.83B
  2014-11-30 |  0.84B
  2015-11-30 |  0.86B
  2016-11-30 |  0.98B
  2017-11-30 |  1.22B
  2018-11-30 |  1.54B
  2019-11-30 |  1.93B
  2020-11-30 |  2.19B
  2021-11-30 |  2.54B
  2022-11-30 |  2.99B
  2023-11-30 |  3.47B
  2024-11-30 |  3.94B
  2025-11-30 |  4.29B

               |                         |                         |                         |                         |
               0.00B                     1.07B                     2.15B                     3.22B                     4.29B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ⚠️  cashAndShortTermInvestments         19/20 dates (95%)
  ⚠️  shortLongTermDebtTotal              17/20 dates (85%)
  ✅ operatingCashflow                   20/20 dates (100%)

Plot for ADBE (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     2.01B                     4.03B                     6.04B                     8.06B
               |                         |                         |                         |                         |

  2005-11-30 |  0.73B ⊗⊗
  2006-11-30 |  0.93B ⊗
  2007-11-30 |  1.44B ⊗
  2008-11-30 |  1.28B
  2009-11-30 |  1.12B
  2010-11-30 |  1.54B
  2011-11-30 |  1.54B
  2012-11-30 |  1.51B
  2013-11-30 |  1.53B
  2014-11-30 |  1.52B
  2015-11-30 |  1.94B
  2016-11-30 |  2.20B
  2017-11-30 |  2.91B
  2018-11-30 |  4.22B
  2019-11-30 |  4.42B
  2020-11-30 |  5.73B
  2021-11-30 |  7.23B
  2022-11-30 |  7.84B
  2023-11-30 |  7.30B
  2024-11-30 |  8.06B

               |                         |                         |                         |                         |
               0.00B                     2.01B                     4.03B                     6.04B                     8.06B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   20/20 dates (100%)
  ✅ capitalExpenditures                 20/20 dates (100%)

Plot for ADBE (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     2.01B                     4.03B                     6.04B                     8.06B
               |                         |                         |                         |                         |

  2005-11-30 |  0.73B
  2006-11-30 |  0.93B
  2007-11-30 |  1.44B
  2008-11-30 |  1.28B
  2009-11-30 |  1.12B
  2010-11-30 |  1.11B
  2011-11-30 |  1.54B
  2012-11-30 |  1.50B
  2013-11-30 |  1.15B
  2014-11-30 |  1.29B
  2015-11-30 |  1.47B
  2016-11-30 |  2.20B
  2017-11-30 |  2.91B
  2018-11-30 |  4.03B
  2019-11-30 |  4.42B
  2020-11-30 |  5.73B
  2021-11-30 |  7.23B
  2022-11-30 |  7.84B
  2023-11-30 |  7.30B
  2024-11-30 |  8.06B

               |                         |                         |                         |                         |
               0.00B                     2.01B                     4.03B                     6.04B                     8.06B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ⚠️  totalAssets                         19/20 dates (95%)
  ⚠️  totalLiabilities                    19/20 dates (95%)
  ⚠️  totalShareholderEquity              19/20 dates (95%)

Plot for ADBE (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     7.56B                    15.12B                    22.67B                    30.23B
               |                         |                         |                         |                         |

  2006-11-30 |  5.96B
  2007-11-30 |  5.71B
  2008-11-30 |  5.82B
  2009-11-30 |  7.28B
  2010-11-30 |  8.14B
  2011-11-30 |  8.99B
  2012-11-30 |  10.04B
  2013-11-30 |  10.38B
  2014-11-30 |  10.79B
  2015-11-30 |  11.73B
  2016-11-30 |  12.71B
  2017-11-30 |  14.54B
  2018-11-30 |  18.77B
  2019-11-30 |  20.76B
  2020-11-30 |  24.28B
  2021-11-30 |  27.24B
  2022-11-30 |  27.16B
  2023-11-30 |  29.78B
  2024-11-30 |  30.23B

               |                         |                         |                         |                         |
               0.00B                     7.56B                    15.12B                    22.67B                    30.23B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           20/20 dates (100%)
  ⚠️  shortLongTermDebtTotal              17/20 dates (85%)
  ⚠️  totalShareholderEquity              19/20 dates (95%)

Plot for ADBE (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                     4.13B                     8.26B                    12.39B                    16.52B
               |                         |                         |                         |                         |

  2006-11-30 |  5.15B ⊗
  2007-11-30 |  4.65B ⊗
  2008-11-30 |  4.41B
  2009-11-30 |  4.89B
  2010-11-30 |  5.19B
  2011-11-30 |  5.78B
  2012-11-30 |  6.67B
  2013-11-30 |  6.72B
  2014-11-30 |  6.78B
  2015-11-30 |  7.00B
  2016-11-30 |  7.42B
  2017-11-30 |  8.46B
  2018-11-30 |  9.36B
  2019-11-30 |  10.53B
  2020-11-30 |  13.26B
  2021-11-30 |  14.80B
  2022-11-30 |  14.05B
  2023-11-30 |  16.52B
  2024-11-30 |  14.11B
  2025-11-30 |  7.13B ⊗⊗

               |                         |                         |                         |                         |
               0.00B                     4.13B                     8.26B                    12.39B                    16.52B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for ADBE (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                     1.55B                     3.10B                     4.65B                     6.19B
               |                         |                         |                         |                         |

  2019-11-30 |  2.99B
  2020-02-29 |  3.09B
  2020-05-31 |  3.13B
  2020-08-31 |  3.23B
  2020-11-30 |  3.42B
  2021-02-28 |  3.90B
  2021-05-31 |  3.83B
  2021-08-31 |  3.94B
  2021-11-30 |  4.11B
  2022-02-28 |  4.26B
  2022-05-31 |  4.39B
  2022-08-31 |  4.43B
  2022-11-30 |  4.53B
  2023-02-28 |  4.66B
  2023-05-31 |  4.82B
  2023-08-31 |  4.89B
  2023-11-30 |  5.05B
  2024-02-29 |  5.18B
  2024-05-31 |  5.31B
  2024-08-31 |  5.41B
  2024-11-30 |  5.61B
  2025-02-28 |  5.71B
  2025-05-31 |  5.87B
  2025-08-31 |  5.99B
  2025-11-30 |  6.19B

               |                         |                         |                         |                         |
               0.00B                     1.55B                     3.10B                     4.65B                     6.19B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for ADBE (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     0.27B                     0.55B                     0.82B                     1.10B
               |                         |                         |                         |                         |

  2019-11-30 |  0.50B
  2020-02-29 |  0.53B
  2020-05-31 |  0.53B
  2020-08-31 |  0.57B
  2020-11-30 |  0.56B
  2021-02-28 |  0.62B
  2021-05-31 |  0.62B
  2021-08-31 |  0.65B
  2021-11-30 |  0.66B
  2022-02-28 |  0.70B
  2022-05-31 |  0.74B
  2022-08-31 |  0.78B
  2022-11-30 |  0.77B
  2023-02-28 |  0.83B
  2023-05-31 |  0.88B
  2023-08-31 |  0.88B
  2023-11-30 |  0.89B
  2024-02-29 |  0.94B
  2024-05-31 |  0.98B
  2024-08-31 |  1.02B
  2024-11-30 |  1.00B
  2025-02-28 |  1.03B
  2025-05-31 |  1.08B
  2025-08-31 |  1.09B
  2025-11-30 |  1.10B

               |                         |                         |                         |                         |
               0.00B                     0.27B                     0.55B                     0.82B                     1.10B

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for ADBE (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     1.92B                     3.83B                     5.75B                     7.66B
               |                         |                         |                         |                         |

  2019-11-30 |  4.14B
  2020-02-29 |  4.71B
  2020-05-31 |  4.70B
  2020-08-31 |  4.73B
  2020-11-30 |  4.71B
  2021-02-28 |  4.71B
  2021-05-31 |  4.69B
  2021-08-31 |  4.68B
  2021-11-30 |  4.67B
  2022-02-28 |  4.67B
  2022-05-31 |  4.66B
  2022-08-31 |  4.64B
  2022-11-30 |  4.63B
  2023-02-28 |  4.13B
  2023-05-31 |  5.46B
  2023-08-31 |  6.60B
  2023-11-30 |  7.14B
  2024-02-29 |  6.25B
  2024-05-31 |  7.66B
  2024-08-31 |  7.19B
  2024-11-30 |  7.61B
  2025-02-28 |  6.76B
  2025-05-31 |  6.56B
  2025-08-31 |  6.64B
  2025-11-30 |  6.65B

               |                         |                         |                         |                         |
               0.00B                     1.92B                     3.83B                     5.75B                     7.66B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for ADBE (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     0.79B                     1.58B                     2.37B                     3.16B
               |                         |                         |                         |                         |

  2019-11-30 |  1.38B
  2020-02-29 |  1.32B
  2020-05-31 |  1.18B
  2020-08-31 |  1.44B
  2020-11-30 |  1.78B
  2021-02-28 |  1.77B
  2021-05-31 |  1.99B
  2021-08-31 |  1.42B
  2021-11-30 |  2.07B
  2022-02-28 |  1.77B
  2022-05-31 |  2.04B
  2022-08-31 |  1.70B
  2022-11-30 |  2.33B
  2023-02-28 |  1.69B
  2023-05-31 |  2.14B
  2023-08-31 |  1.87B
  2023-11-30 |  1.60B
  2024-02-29 |  1.17B
  2024-05-31 |  1.94B
  2024-08-31 |  2.02B
  2024-11-30 |  2.92B
  2025-02-28 |  2.48B
  2025-05-31 |  2.19B
  2025-08-31 |  2.20B
  2025-11-30 |  3.16B

               |                         |                         |                         |                         |
               0.00B                     0.79B                     1.58B                     2.37B                     3.16B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ADBE (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                     7.56B                    15.12B                    22.67B                    30.23B
               |                         |                         |                         |                         |

  2019-11-30 |  20.76B
  2020-02-29 |  21.21B
  2020-05-31 |  21.60B
  2020-08-31 |  22.41B
  2020-11-30 |  24.28B
  2021-02-28 |  24.98B
  2021-05-31 |  25.58B
  2021-08-31 |  26.14B
  2021-11-30 |  27.24B
  2022-02-28 |  25.98B
  2022-05-31 |  26.33B
  2022-08-31 |  26.74B
  2022-11-30 |  27.16B
  2023-02-28 |  26.67B
  2023-05-31 |  27.84B
  2023-08-31 |  29.09B
  2023-11-30 |  29.78B
  2024-02-29 |  28.75B
  2024-05-31 |  30.01B
  2024-08-31 |  29.83B
  2024-11-30 |  30.23B
  2025-02-28 |  29.95B
  2025-05-31 |  28.11B
  2025-08-31 |  28.75B
  2025-11-30 |  29.50B

               |                         |                         |                         |                         |
               0.00B                     7.56B                    15.12B                    22.67B                    30.23B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for ADBE (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                     4.13B                     8.26B                    12.39B                    16.52B
               |                         |                         |                         |                         |

  2019-11-30 |  10.53B
  2020-02-29 |  10.46B
  2020-05-31 |  10.88B
  2020-08-31 |  11.71B
  2020-11-30 |  13.26B
  2021-02-28 |  13.55B
  2021-05-31 |  13.85B
  2021-08-31 |  14.41B
  2021-11-30 |  14.80B
  2022-02-28 |  13.78B
  2022-05-31 |  13.98B
  2022-08-31 |  14.37B
  2022-11-30 |  14.05B
  2023-02-28 |  14.21B
  2023-05-31 |  14.84B
  2023-08-31 |  15.78B
  2023-11-30 |  16.52B
  2024-02-29 |  15.46B
  2024-05-31 |  14.84B
  2024-08-31 |  14.54B
  2024-11-30 |  14.11B
  2025-02-28 |  13.10B
  2025-05-31 |  11.45B
  2025-08-31 |  11.77B
  2025-11-30 |  11.62B

               |                         |                         |                         |                         |
               0.00B                     4.13B                     8.26B                    12.39B                    16.52B

Price History

Volume

Advanced Chart