Inventing Indices AI-Enabled Indexing

The Tip Desk

ADOBE INC.

ADBE · Large cap · Calculated market cap · $93.4B · as of 2026-09-30

Company Stats

Market Cap
$93.4B
as of Sep 30, 2026
Enterprise Value
$94.1B
Shares Outstanding
389.2M
Free Float
99.7%

Income Statement

Revenue
$23.8B
Operating Income
$8.7B
Net Income
$7.1B
EBITDA
$9.5B
Revenue Growth, 3Y
10.5%
FCF Margin, 3Y Avg
37.9%
FCF Margin, Worst Year
35.8%

Cash Flow

Free Cash Flow
$9.9B
FCF Yield
10.5%
Owner FCF Yield
8.5%

Balance Sheet

Cash & Equivalents
$5.4B
Total Debt
$6.2B
Net Debt
$719.0M
Net Debt / EBITDA
0.08x
EV / EBITDA
9.88x
Net Debt / EBIT
0.08x

Returns & Capital

Share Repurchases
$11.3B
Buyback Yield, 3Y Avg
9.0%
SBC, 3Y Avg
$1.8B

Cash Flow by Year

YearRevenueFCFMargin
FY2025$23.8B$9.9B41.4%
FY2024$21.5B$7.9B36.6%
FY2023$19.4B$6.9B35.8%
FY2022$17.6B$7.4B42.0%
FY2021$15.8B$6.9B43.6%

Annual filing data through FY ended November 28, 2025; shares and float as of November 1, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Company RSS

Earnings

Adobe Posts Record $6.76 Billion Quarterly Revenue Adobe Lifts Full-Year Outlook as AI-First Annual Recurring Revenue Tops $500 Million

Other Coverage

October 29, 2026 Theme Survey Cybersecurity Incidents: Named Events, Wider Legal Exposure October 9, 2026 Industry Earnings Roundup Aci Lifts 2026 Guidance as Software Demand Stays Positive October 7, 2026 Theme Survey Cybersecurity Incidents: Named Breaches and Reporting Risks September 28, 2026 QBook Stronger demand supports expansion as pricing diverges July 4, 2026 Filings Beige Book Companies Report Firm Demand, Relentless Cost Pressure June 30, 2026 Filings Beige Book Input Costs Squeeze Margins Even as Demand Holds Firm