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ADBE

Adobe Inc.

Information TechnologyPrepackaged SoftwareS&P 500
Ticker ADBESAN JOSE, CAFiscal year ends NovemberBook value per share $29.19Diluted shares 403.0M

Adobe Inc. (Nasdaq: ADBE) develops software and cloud services for creativity, productivity and digital customer experiences, serving business professionals, consumers, creators, creative professionals and marketing professionals. Its Digital Media segment provides Acrobat document tools, Express content creation,… From the company’s description.

In fiscal 2025, Adobe Inc. reported revenue of $23.77B, up 10.5% from fiscal 2024, and net income of $7.13B. Its operating margin was 36.6%, and operations generated $10.03B in cash. Over the twelve months to Aug 28, 2026, revenue was $25.97B.

Fiscal year 2025 · ends 11-27Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-08-28
Sales & profitability
$23.77BFY2025
+10.5% year over year
Last 12 mo $25.97B
36.63%FY2025
+5.3 percentage points
Last 12 mo 35.70%
$7.13BFY2025
+28.2% year over year
Last 12 mo $7.28B
61.34%FY2025
+21.9 percentage points
Last 12 mo 61.92%
Cash & financing
$10.03BFY2025
+24.5% year over year
Last 12 mo $10.81B
$9.85BFY2025
+25.1% year over year
Last 12 mo $10.59B
0.53FY2025
Was 0.40× a year earlier
Last 12 mo 0.54
427.0MFY2025
−5.1% year over year
Last 12 mo 403.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Adobe Inc. does

In the company’s own words

Adobe Inc. (Nasdaq: ADBE) develops software and cloud services for creativity, productivity and digital customer experiences, serving business professionals, consumers, creators, creative professionals and marketing professionals. Its Digital Media segment provides Acrobat document tools, Express content creation, Creative Cloud applications and Firefly generative AI; Digital Experience offers platforms and applications for customer data, marketing, analytics, commerce and personalized experiences; and Publishing and Advertising contains legacy publishing, e-learning and advertising products. In fiscal 2025, Digital Media and Digital Experience were its principal customer-focused businesses, while Publishing and Advertising included offerings such as Adobe PostScript and PDF standards. Major products include Photoshop, Illustrator, Premiere Pro, Acrobat, Adobe Experience Platform and Adobe GenStudio. The company sells through subscriptions, SaaS and managed services, as well as pay-per-use and perpetual licenses, using direct sales, its website, app stores and channel partners. Adobe employed 31,360 people as of November 28, 2025. Its website is adobe.com.

Company details
Sector
Information Technology
Industry (SIC)
Prepackaged Software
Headquarters
SAN JOSE, CA
Fiscal year end
November
CIK
796343
SIC
7372

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.60B$5.19B$12.98B$20.78B$28.57B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Adobe Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.1K
funds hold it
3 of 35
superinvestors hold it
$27.91B
held by funds, at market
32.5%
of shares held by funds
8
bond issues held by funds

Superinvestors in Adobe Inc. · what they did last quarter

Bill NygrenINCREASED +23.3%
Harris Associates (Oakmark)
0.8%of 13F portfolio
Mark HillmanINCREASED +6.7%
Hillman Capital Management
2.6%of 13F portfolio
Polen CapitalDECREASED -36.1%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Adobe Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.11%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.13%of fund net assets
0.36%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.16%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.13%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Adobe Inc.’s bonds, as funds hold them

Funds report holding 8 issues of Adobe Inc.’s debt, $443.56M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.13%, maturing 2027 to 2035.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Adobe Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Adobe Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Adobe Inc.'s last four quarterly filings that the numbers alone won't show?”
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