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Adobe Inc.
ADBETechnologyGenerated Aug 19, 2026, 11:20 PM UTC
ADBE (Adobe Inc.) analytical snapshot. Revenue grew +10.5% YoY to $23.77B. 5-year revenue CAGR +8.5%; 10y CAGR +16.8%. Net margin at 30.00% (expanding ▲). Market cap $108.31B at $272.47 per share. Trailing P/E 16.32, P/S 4.56, P/B 9.40. EV/Operating income ≈ 12.43 (EV $108.19B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score 26 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$108.31B
397.50M shares
Price
$272.47
NMS
P/E (ttm)
16.32
Revenue (FY)
$23.77B
YoY +10.5%
Net margin
30.00%
▲ 2.98pp
Free cash flow
$9.85B
41.45% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 30Improving
80% conf
Latest annual report (10-K) filed Jan 15, 2026. Latest quarterly report (10-Q) filed Jun 15, 2026. 8 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Jan 15, 2026.
- Latest quarterly report (10-Q) filed Jun 15, 2026.
- 8 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Adobe Inc.; broad institutional reporting.
- Recent filers include Axiom Investment Management LLC, Saranac Partners Ltd, Axiom Investment Management LLC.
- 3 recent 13D activist/beneficial-ownership filings — potential catalyst.
- 17 recent 13G passive institutional ownership notices.
Latest 10-K
Jan 15, 2026
Annual report
Latest 10-Q
Jun 15, 2026
8-K (recent)
8
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
3
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| Axiom Investment Management LLC | 13F-HR | Mar 16, 2021 |
| Saranac Partners Ltd | 13F-HR | Dec 5, 2025 |
| Axiom Investment Management LLC | 13F-HR | Mar 16, 2021 |
| Axiom Investment Management LLC | 13F-HR | Mar 16, 2021 |
| COATUE MANAGEMENT LLC | 13F-HR | Feb 14, 2025 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Jul 17, 2026 | 8-K | 8-K |
| Jun 11, 2026 | 8-K | 8-K |
| Apr 21, 2026 | 8-K | 8-K |
| Mar 12, 2026 | 8-K | 8-K |
| Jan 27, 2026 | 8-K | 8-K |
| Dec 10, 2025 | 8-K | 8-K |
| Sep 11, 2025 | 8-K | 8-K |
| Jun 12, 2025 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -58Deteriorating
66% conf
3 risk signal(s), 1 positive signal(s), 4 watch item(s) detected from XBRL filing diff analysis. 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- Leverage is building — debt rising while equity contracts: Long-term debt grew +50.4% while stockholders equity declined -17.6%. The debt-to-equity ratio is deteriorating, increasing financial risk and interest burden. This may constrain future borrowing capacity.
- Material weakness in internal controls: The term "material weakness" "internal control" appears in 2 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 1 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 1.41x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Goodwill is 47% of total assets: Goodwill of $14.04B represents a large share of the balance sheet. If acquired businesses underperform, a non-cash impairment charge could materially impact earnings. Monitor segment performance and acquisition integration metrics.
- NEW: Impairment charge: Impairment charge appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 3 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 3 new risk-language term(s) detected in filing text: Impairment charge, Restructuring, Off-balance sheet arrangements.
- Ongoing high-severity risk language: Material weakness in internal controls, Restatement of financial statements.
Revenue
$23.77B
+10.5% YoY
Gross profit
$21.22B
+10.8% YoY
Operating income
$8.71B
+29.1% YoY
Net income
$7.13B
+28.2% YoY
Operating cash flow
$10.03B
+24.5% YoY
Capex
$179.0M
-2.2% YoY
Total assets
$29.50B
-2.4% YoY
Total liabilities
$17.87B
+10.8% YoY
Filing quality score
71/100
3 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $21.50B | $23.77B | $2.26B | +10.5% |
| Gross profit | $19.15B | $21.22B | $2.07B | +10.8% |
| Operating income | $6.74B | $8.71B | $1.97B | +29.1% |
| Net income | $5.56B | $7.13B | $1.57B | +28.2% |
| Operating cash flow | $8.06B | $10.03B | $1.98B | +24.5% |
| Capex | $183.0M | $179.0M | $-4.0M | -2.2% |
| Total assets | $30.23B | $29.50B | $-734.0M | -2.4% |
| Total liabilities | $16.13B | $17.87B | $1.75B | +10.8% |
| Long-term debt | $4.13B | $6.21B | $2.08B | +50.4% |
| Cash & equivalents | $7.61B | $5.43B | $-2.18B | -28.7% |
| Stockholders equity | $14.11B | $11.62B | $-2.48B | -17.6% |
| Accounts receivable | $2.07B | $2.34B | $272.0M | +13.1% |
| Interest expense | $112.0M | $113.0M | $1.0M | +0.9% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | NumberOfOperatingSegments, ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments, StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
| Removed | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax, AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax, AdvertisingExpense, AociLossCashFlowHedgeCumulativeGainLossAfterTax, CapitalizedContractCostAmortization, CapitalizedContractCostNetNoncurrent, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Material weakness in internal controls | high | 2 | 2 | Ongoing |
| Restatement of financial statements | high | 1 | 1 | Ongoing |
| Impairment charge | medium | 5 | 0 | NEW |
| Restructuring | medium | 5 | 0 | NEW |
| Off-balance sheet arrangements | medium | 5 | 0 | NEW |
| Related party transactions | low | 5 | 0 | NEW |
Filing signal breakdown
Red flags: 3
Positive: 1
Watch: 4
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 60Improving
80% conf
Revenue grew +10.5% YoY to $23.77B. 5-year revenue CAGR +8.5%; 10y CAGR +16.8%. Net margin at 30.00% (expanding ▲).
- Revenue grew +10.5% YoY to $23.77B.
- 5-year revenue CAGR +8.5%; 10y CAGR +16.8%.
- Net margin at 30.00% (expanding ▲).
- Return on equity 61.34%, ROA 24.17%, ROIC 48.82%.
- Gross margin 89.27%, operating margin 36.63%.
- Free cash flow margin 41.45% ($9.85B).
- Net income up ▲ +28.2% YoY.
- Debt/equity 0.42, current ratio 0.75, net debt -$117.0M.
- Asset turnover 0.79 — capital efficiency.
Revenue (FY)
$23.77B
YoY +10.5%
Net margin
30.00%
▲ 2.98pp
ROE
61.34%
ROA 24.17%
ROIC
48.82%
EPS (diluted)
$16.70
FY2025
Free cash flow
$9.85B
41.45% margin
Debt / equity
0.42
Cash $4.92B
Current ratio
0.75
Equity $11.52B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $21.50B | +10.8% | 89.04 | 31.35 | 25.85 | $7.87B | 39.42 |
| 2025 | $23.77B | +10.5% | 89.27 | 36.63 | 30.00 | $9.85B | 61.34 |
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Aug 30, 2024 | $5.41B | — | — | 31.14% |
| Feb 28, 2025 | $5.71B | — | +5.7% | 31.69% |
| May 30, 2025 | $5.87B | — | +2.8% | 28.79% |
| Aug 29, 2025 | $5.99B | — | +2.0% | 29.59% |
| Feb 27, 2026 | $6.40B | — | +6.8% | 29.52% |
| May 29, 2026 | $6.62B | — | +3.4% | 25.87% |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score 45Improving
95% conf
Market cap $108.31B at $272.47 per share. Trailing P/E 16.32, P/S 4.56, P/B 9.40. EV/Operating income ≈ 12.43 (EV $108.19B).
- Market cap $108.31B at $272.47 per share.
Market cap
$108.31B
397.50M shares
P/E (ttm)
16.32
P/S
4.56
P/B
9.40
EV
$108.19B
Intrinsic (DCF)
$498.84
+83.1% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 65Improving
85% conf
Price $272.47 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 64.30.
- Price $272.47 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$272.47
NMS
RSI(14)
64.30
50-DMA
$231.22
200-DMA
$271.08
Volatility (ann.)
39.40%
52w range
$190.12–$370.86
-26.5% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.71%
10Y−2Y
0.46pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -15Deteriorating
90% conf
Composite risk Moderate. Leverage debt/equity 0.42 (moderate). Liquidity current ratio 0.75 (stretched).
- Composite risk: Moderate.
Risk level
Moderate
Debt / equity
0.42
Current ratio
0.75
Margin stdev
8.42pp
Cash / assets
16.43%
Liab / assets
61.52%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Adobe Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
15.84
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewRevenue grew **+10.5%** YoY to $23.77B..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow ADBE stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| CF Industries CF | 33 | Supportive |
| MercadoLibre Inc. MELI | 32 | Supportive |
| Booking Holdings BKNG | 32 | Supportive |
| Uber Technologies UBER | 32 | Supportive |
| Shopify Inc. SHOP | 30 | Supportive |
| Newmont Corp. NEM | 29 | Supportive |
| Alphabet Inc. GOOGL | 29 | Supportive |
| Intuit Inc. INTU | 28 | Supportive |
| Pinterest Inc. PINS | 28 | Supportive |
| Salesforce Inc. CRM | 27 | Supportive |
| Adobe Inc. ADBE● you | 26 | Supportive |
| Workday Inc. WDAY | 20 | Supportive |
| Microsoft Corp. MSFT | 19 | Supportive |
| NVIDIA Corp. NVDA | 17 | Supportive |
| Netflix Inc. NFLX | 17 | Supportive |
| Marvell Technology MRVL | 16 | Supportive |
| Roku Inc. ROKU | 15 | Supportive |
| Okta Inc. OKTA | 15 | Supportive |
| Comcast Corp. CMCSA | 15 | Supportive |
| Cloudflare Inc. NET | 14 | Supportive |
| Meta Platforms Inc. META | 14 | Supportive |
| T-Mobile US Inc. TMUS | 14 | Supportive |
| Datadog Inc. DDOG | 14 | Supportive |
| Amazon.com Inc. AMZN | 11 | Supportive |
| Eaton Corp. ETN | 10 | Supportive |
| Airbnb Inc. ABNB | 10 | Supportive |
| Delta Air Lines DAL | 9 | Supportive |
| Energy Transfer ET | 8 | Supportive |
| ConocoPhillips COP | 8 | Supportive |
| Spotify Technology SPOT | 8 | Supportive |
| Exxon Mobil Corp. XOM | 8 | Supportive |
| GE Aerospace GE | 7 | Supportive |
| Zscaler Inc. ZS | 7 | Supportive |
| Valero Energy VLO | 7 | Supportive |
| IBM Corp. IBM | 6 | Supportive |
| General Dynamics GD | 6 | Supportive |
| Snowflake Inc. SNOW | 6 | Supportive |
| United Airlines Holdings UAL | 5 | Supportive |
| Oracle Corp. ORCL | 5 | Supportive |
| Lam Research Corp. LRCX | 5 | Supportive |
| Qualcomm Inc. QCOM | 5 | Supportive |
| ASML Holding NV ASML | 4 | Supportive |
| Dollar General Corp. DG | 4 | Supportive |
| Boeing Co. BA | 4 | Supportive |
| Advanced Micro Devices AMD | 1 | Supportive |
| Alibaba Group BABA | 1 | Supportive |
| Ulta Beauty Inc. ULTA | 1 | Supportive |
| Devon Energy DVN | 1 | Supportive |
| Verizon Communications VZ | 1 | Supportive |
| Hess Corp. HES | 0 | Supportive |
| ServiceNow Inc. NOW | 0 | Supportive |
| Walt Disney Co. DIS | 0 | Supportive |
| Kinder Morgan KMI | 0 | Supportive |
| Occidental Petroleum OXY | -1 | Supportive |
| RTX Corp. RTX | -2 | Supportive |
| General Motors Co. GM | -2 | Supportive |
| Honeywell International HON | -2 | Supportive |
| Marathon Petroleum MPC | -2 | Supportive |
| Apple Inc. AAPL | -3 | Supportive |
| Lockheed Martin LMT | -4 | Supportive |
| Cisco Systems Inc. CSCO | -4 | Supportive |
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| United Parcel Service UPS | -17 | Supportive |
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| Starbucks Corp. SBUX | -29 | Supportive |
| Deere & Co. DE | -30 | Supportive |
| ON Semiconductor Corp. ON | -46 | Supportive |
| Tesla Inc. TSLA | -47 | Supportive |