Companies / Information Technology
ADBE
Adobe Inc.
Application Software
Application SoftwareAnalysis in progress
In progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health82
Growth60
Profitability100
Cash generation100
Balance sheet72
Dilution control80
Key ratios and five-year financials
Latest quarter revenue YoY (2026-08-28)12.9%Revenue growth (FY)10.5%Revenue CAGR (3y)10.5%Gross margin89.3%Operating margin36.6%Net margin30.0%Free cash flow margin41.4%R&D / revenue—Stock comp / revenue8.2%Net debt / operating cash flow0.08xCurrent ratio1.00Diluted share count change-5.0%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-11 | FY 2025-11 |
|---|---|---|---|---|---|
| Revenue | $15.8B | $17.6B | $19.4B | $21.5B | $23.8B |
| Gross profit | $13.9B | $15.4B | $17.1B | $19.1B | $21.2B |
| Operating income | $5.8B | $6.1B | $6.7B | $6.7B | $8.7B |
| Net income | $4.8B | $4.8B | $5.4B | $5.6B | $7.1B |
| Operating cash flow | $7.2B | $7.8B | $7.3B | $8.1B | $10.0B |
| Capital expenditure | $348M | $442M | $360M | $183M | $179M |
| Free cash flow | $6.9B | $7.4B | $6.9B | $7.9B | $9.9B |
| Stock-based comp | $1.1B | $1.4B | $1.7B | $1.8B | $1.9B |
| Buybacks | $4.0B | $6.5B | $4.4B | $9.5B | $11.3B |
| Cash | $3.8B | $4.2B | $7.1B | $7.6B | $5.4B |
| Total debt | $4.1B | $3.6B | $3.6B | $4.1B | $6.2B |
| Equity | $14.8B | $14.1B | $16.5B | $14.1B | $11.6B |
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