Software company creating digital media and marketing solutions including Photoshop, Illustrator, and creative cloud platforms for professionals.
Profile & Fundamentals
Adobe: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Adobe Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digital Experience segment provides an integrated platform; and products, services, and solutions 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 e-learning, technical document publishing, web conferencing, document and forms platform, web application development, printing, and Adobe Advertising solutions. It also provides consulting, training, customer management, technical support, and learning services. The company offers its solutions to enterprise customers, and businesses and consumers; and licenses its products to end-user customers through app stores and website at adobe.com. It markets and distributes its products through distributors, retailers, software developers, mobile app stores, systems integrators, independent software vendors, value-added resellers, and original equipment and hardware manufacturers. The company also provides an online visibility management and content marketing software-as-a-service platform. The company has a strategic alliance with HUMAIN for the development of generative AI models and AI-powered applications. 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.
Company profile record
Adobe Systems Incorporated
Common Stock · Information Technology · Application Software
Company
- Company / asset
- Adobe Systems Incorporated
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Application Software
- HQ
- 🇺🇸 United States
- Head office
- 345 Park Avenue, San Jose, CA, United States, 95110-2704
Leadership & scale
- Chief executive
- Mr. Shantanu Narayen
- CEO year born
- 1964
- Full-time employees
- 31.4K
- Fiscal year end
- November
- IPO date
- 1986-08-20
Fundamentals snapshot
- Market Cap
- USD 94.1B
- P/E
- 12.9x
- Revenue (Q3 26)
- USD 6.8B
- Profit (Q3 26)
- USD 1.8B
- Dividend Yield
- --
- Revenue (FY 25)
- USD 23.8B
- Shares in public float
- 388.1M
- Insider ownership
- 0.23%
Reporting & identifiers
- Symbol
- ADBE.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US00724F1012
- Asset ID
- equity_c366a36d-4779-51ec-81a1-55b836c27cf6
Ownership
Shares Outstanding
Latest: 395.0M | Max: 500.1M | Min: 395.0M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
98.24%
388.1M latest reported shares
Insider Ownership
0.23%
Latest reported insider stake
Short Float
0.05%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 500,060,000 |
| 2018-01-01 | 495,118,000 |
| 2019-01-01 | 488,851,000 |
| 2020-01-01 | 484,000,000 |
| 2021-01-01 | 480,000,000 |
| 2022-01-01 | 466,000,000 |
| 2023-01-01 | 459,000,000 |
| 2024-01-01 | 443,000,000 |
| 2025-01-01 | 417,000,000 |
| 2026-01-01 | 395,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 40,809,940 | 10.27% | 2026-03-31 |
| Vanguard Capital Management, LLC | 26,679,971 | 6.71% | 2026-03-31 |
| State Street Corp | 19,913,187 | 5.01% | 2026-03-31 |
| Amvescap Plc. | 14,126,834 | 3.55% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 12,843,835 | 3.28% | 2026-08-31 |
| Geode Capital Management, LLC | 11,726,888 | 2.95% | 2026-03-31 |
| Vanguard 500 Index Investor | 10,736,485 | 2.75% | 2026-08-31 |
| Vanguard Portfolio Management, LLC | 9,972,632 | 2.51% | 2026-03-31 |
| Invesco QQQ Trust | 8,695,468 | 2.22% | 2026-08-31 |
| Arrowstreet Capital Limited Partnership | 6,792,275 | 1.71% | 2026-03-31 |
| Morgan Stanley - Brokerage Accounts | 5,676,933 | 1.43% | 2026-03-31 |
| iShares Core S&P 500 ETF | 5,382,549 | 1.38% | 2026-08-31 |
| PRIMECAP Management Company | 5,227,139 | 1.32% | 2026-06-30 |
| Fidelity 500 Index | 5,226,727 | 1.34% | 2026-07-31 |
| Bank of New York Mellon Corp | 5,206,791 | 1.31% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Adobe's financial results demonstrate steady operational strength that contrasts with the market's fears of business disruption. Third-quarter fiscal 2026 revenue expanded nearly thirteen percent year-over-year to six point seven six billion dollars, supported by solid enterprise subscription renewals. However, underneath this headline top-line growth, net income increased at a more modest pace due to expanded research and development spending alongside the integration of recent business acquisitions like Semrush. Despite this reinvestment, Adobe's cash machine continues to perform at an elite level. The company converted top-line sales into ten point five nine billion dollars of free cash flow over the trailing twelve months. This extraordinary forty-one percent cash margin confirms that customer demand remains solid and generates high-quality recurring funds.
Adobe's financial results demonstrate steady operational strength that contrasts with the market's fears of business disruption. Third-quarter fiscal 2026 revenue expanded nearly thirteen percent year-over-year to six point seven six billion dollars, supported by solid enterprise subscription renewals. However, underneath this headline top-line growth, net income increased at a more modest pace due to expanded research and development spending alongside the integration of recent business acquisitions like Semrush. Despite this reinvestment, Adobe's cash machine continues to perform at an elite level. The company converted top-line sales into ten point five nine billion dollars of free cash flow over the trailing twelve months. This extraordinary forty-one percent cash margin confirms that customer demand remains solid and generates high-quality recurring funds.
Revenue, Net Income, and Free Cash Flow
Latest: USD 23.8B | Max: USD 23.8B | Min: USD 1.2B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 19x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Adobe's profit margins remain among the highest in the software industry, showing that artificial intelligence has not ruined its pricing power. Gross margins held remarkably steady near eighty-nine percent in fiscal 2025 and 2026. This stability proves that proprietary engineering and hybrid computer processing have successfully prevented cloud computing expenses from eating away core product profitability. Operating margins remain robust at approximately thirty-seven percent on a GAAP basis and forty-five percent on an adjusted basis. While higher research spending and corporate customer promotions slightly restrain short-term margin expansion, Adobe's ability to bundle artificial intelligence tools into premium enterprise contracts protects its underlying profitability against competitive price cuts.
Adobe's profit margins remain among the highest in the software industry, showing that artificial intelligence has not ruined its pricing power. Gross margins held remarkably steady near eighty-nine percent in fiscal 2025 and 2026. This stability proves that proprietary engineering and hybrid computer processing have successfully prevented cloud computing expenses from eating away core product profitability. Operating margins remain robust at approximately thirty-seven percent on a GAAP basis and forty-five percent on an adjusted basis. While higher research spending and corporate customer promotions slightly restrain short-term margin expansion, Adobe's ability to bundle artificial intelligence tools into premium enterprise contracts protects its underlying profitability against competitive price cuts.
Profitability Margins
Latest: 89.3% | Max: 89.3% | Min: 20.0%
Latest Profitability Ratios as of 2025-11-30
Gross Margin
89.3%
Gross profit / revenue
Operating Margin
36.6%
Operating income / revenue
Net Margin
30.0%
Net income / revenue
FCF Margin
41.4%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-11-30 | 5,854,430,000 | 1,168,782,000 | 1,995,923,000 |
| 2017-11-30 | 7,301,505,000 | 1,693,954,000 | 2,734,731,000 |
| 2018-11-30 | 9,030,008,000 | 2,590,774,000 | 3,762,725,000 |
| 2019-11-30 | 11,171,297,000 | 2,951,458,000 | 4,087,333,000 |
| 2020-11-30 | 12,868,000,000 | 5,260,000,000 | 5,308,000,000 |
| 2021-11-30 | 15,785,000,000 | 4,822,000,000 | 6,893,000,000 |
| 2022-11-30 | 17,606,000,000 | 4,756,000,000 | 7,396,000,000 |
| 2023-11-30 | 19,409,000,000 | 5,428,000,000 | 6,942,000,000 |
| 2024-11-30 | 21,505,000,000 | 5,560,000,000 | 7,824,000,000 |
| 2025-11-30 | 23,769,000,000 | 7,130,000,000 | 9,852,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-11-30 | 18.72 | Trailing four quarters |
| 2024-11-30 | 41.11 | Trailing four quarters |
| 2023-11-30 | 51.67 | Trailing four quarters |
| 2022-11-30 | 33.8 | Annual net income |
| 2021-11-30 | 66.68 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-11-30 | 86 | 25.51 | 19.96 | 34.09 |
| 2017-11-30 | 86.16 | 29.69 | 23.2 | 37.45 |
| 2018-11-30 | 86.77 | 31.45 | 28.69 | 41.67 |
| 2019-11-30 | 85.03 | 29.25 | 26.42 | 36.59 |
| 2020-11-30 | 86.62 | 32.93 | 40.88 | 41.25 |
| 2021-11-30 | 88.18 | 36.76 | 30.55 | 43.67 |
| 2022-11-30 | 87.7 | 34.64 | 27.01 | 42.01 |
| 2023-11-30 | 87.87 | 34.26 | 27.97 | 35.77 |
| 2024-11-30 | 89.04 | 31.35 | 25.85 | 36.38 |
| 2025-11-30 | 89.27 | 36.63 | 30 | 41.45 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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