Adobe Inc

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About Adobe Inc

Adobe Inc., formerly Adobe Systems Incorporated, is an American computer software company based in San Jose, California. It offers a wide range of programs from web design tools, photo manipulation and vector creation, through to video/audio editing, mobile app development, print layout and animation software.

It has historically specialized in software for the creation and publication of a wide range of content, including graphics, photography, illustration, animation, multimedia/video, motion pictures, and print. Its flagship products include Adobe Photoshop image editing software; Adobe Illustrator vector-based illustration software; Adobe Acrobat Reader and the Portable Document Format; and a host of tools primarily for audio-visual content creation, editing and publishing.

Adobe offered a bundled solution of its products named Adobe Creative Suite, which evolved into a subscription-based offering named Adobe Creative Cloud. The company also expanded into digital marketing software and in 2021 was considered one of the top global leaders in Customer Experience Management.

CEOShantanu Narayen
FOUNDEDDecember 1982
HEADQUARTERSSan Jose, California, United States
WEBSITEadobe.com
NUMBER OF EMPLOYEES30,709
SECTORTechnology
INDUSTRYSoftware – Application
IndexNDX, S&P 500
Market Cap170.13B
Income6.75B
Sales22.04B
Book/sh30.1
Cash/sh17.44
Dividend Est.
Dividend TTM
Dividend Ex-DateMar 24, 2005
Employees30709
Option/ShortYes / Yes
Sales Surprise0.93%
SMA206.44%
P/E26.29
Forward P/E17.5
PEG2.32
P/S7.72
P/B13.26
P/C22.88
P/FCF18.51
Quick Ratio1.18
Current Ratio1.18
Debt/Eq0.5
LT Debt/Eq0.5
EPS Surprise2.15%
SMA504.66%
EPS (ttm)15.18
EPS next Y22.81
EPS next Q4.97
EPS this Y10.55%
EPS next Y12.02%
EPS next 5Y11.35%
EPS past 5Y15.54%
Sales past 5Y14.19%
EPS Y/Y TTM28.41%
Sales Y/Y TTM10.65%
EPS Q/Q204.11%
Sales Q/Q10.27%
SMA200-14.30%
Insider Own0.35%
Insider Trans-0.17%
Inst Own83.85%
Inst Trans-2.41%
ROA23.00%
ROE47.28%
ROI34.47%
Gross Margin88.39%
Oper. Margin36.64%
Profit Margin30.63%
Payout0.00%
EarningsMar 12 AMC
Trades254
Shs Outstand435.00M
Shs Float424.72M
Short Float2.22%
Short Ratio2.44
Short Interest9.41M
52W Range332.01 – 587.75
52W High-32.08%
52W Low20.23%
RSI (14)67.03
Recom1.84
Rel Volume0.03
Avg Volume3.86M
Volume6,705
Perf Week3.96%
Perf Month13.93%
Perf Quarter-13.07%
Perf Half Y-20.87%
Perf Year-17.37%
Perf YTD-10.23%
Beta1.54
ATR (14)9.04
Volatility1.31% 2.04%
Target Price482.01
Prev Close399.47
Price399.18
Change-0.07%
Information edited and updated on 15/05/2025 

KEY FINANCIALS


Institutional Ownership

InstitutionPercentage Shareholding
VANGUARD GROUP INC9.65%
BlackRock, Inc.9.44%
STATE STREET CORP4.66%
GEODE CAPITAL MANAGEMENT, LLC2.43%
MORGAN STANLEY1.89%
Bank of New York Mellon Corp1.53%
NORGES BANK1.30%
PRIMECAP MANAGEMENT CO/CA/1.27%
FMR LLC1.24%
UBS AM1.21%

Income Statement

PeriodTTMFY 2024FY 2023
Period End Date11/30/202411/30/2023
Period Length12 Months12 Months12 Months
Total Revenue22,037.0021,525.0019,368.00
Cost of Goods Sold Incl. D&A2,558.002,527.002,522.00
Gross Profit19,479.0018,998.0016,846.00
Selling, General and Administrative Excl. Other11,404.0011,163.0010,235.00
Research and Development4,031.003,944.003,473.00
Other Operating Expense000
Operating Income8,075.007,835.006,611.00
Interest Expense204.00164.00108.00
Unusual Expense78.001,039.00-10.00
Net Income Before Taxes8,145.006,931.006,799.00
Income Taxes1,394.001,371.001,371.00
Consolidated Net Income6,751.005,560.005,428.00
Net Income From Continuing Operations6,751.005,560.005,428.00
Net Income6,751.005,560.005,428.00
EPS (Recurring)15.5413.9811.81
EPS (Basic, Before Extraordinaries)15.2612.4411.88
EPS (Diluted)15.1812.3611.83
EBITDA8,996.008,769.007,555.00
Non-Operating Income (Expense)352.00299.00286
Other After Tax Adjustments000
Stock Option Compensation Expense1,467.031,461.001,419.00
Price To Earnings Ratio26.3126.3143.57
Price To Sales Ratio8.7210.7814.51
Gross Margin88.3988.2686.98
Operating Margin36.6436.4034.13
Net Margin30.6325.8328.03
Shares Outstanding435.00441.00455.00
Market Capitalization170,254.11170,254.11227,112.39
values in Millions, USD

Balance Sheet

PeriodFY 2024FY 2023
Period End Date11/30/202411/30/2023
Cash & Short Term Investments7,886.007,842.00
Short Term Receivables2,320.002,365.00
Inventories0.000.00
Other Current Assets773.00877.00
Total Current Assets10,979.0011,084.00
Net Property, Plant & Equipment2,217.002,388.00
Total Investments and Advances24.000.00
Long-Term Note Receivable
Intangible Assets13,570.0013,893.00
Deferred Tax Assets1,657.001,191.00
Other Assets1,783.001,223.00
Total Assets30,230.0029,779.00
Short Term Debt Incl. Current Port. of LT Debt1,574.0073.00
Accounts Payable361.00314.00
Income Tax Payable119.0085.00
Other Current Liabilities8,467.007,779.00
Total Current Liabilities10,521.008,251.00
Long Term Debt4,482.004,007.00
Provision for Risks Charges0.000.00
Deferred Tax Liabilities
Other Liabilities1,122.001,003.00
Total Liabilities16,125.0013,261.00
Non-Equity Reserves00
Preferred Stock – Carrying Value00
Common Equity14,105.0016,518.00
Total Shareholders Equity14,105.0016,518.00
Accumulated Minority Interest00
Total Equity14,105.0016,518.00
Total Liabilities & Stockholders Equity30,230.0029,779.00
Book Value Per Share31.9836.3
Tangible Book Value Per Share1.215.77
Full-Time Employees30,70929,945
Price to Book Ratio13.2715.78
Return on Assets18.5319.06
Return on Equity36.3135.51
Return on Invested Capital29.9126.45
Quick Ratio1.041.34
Current Ratio1.041.34
values in Millions, USD

Cash Flow

PeriodTTMFY 2024FY 2023
Period End Date11/30/202411/30/2023
Period Length12 Months12 Months12 Months
Net Income6,751.005,560.005,428.00
Depreciation921.00934.00944.00
Other Funds (Non Cash)1,939.001,886.001,711.00
Funds from Operations9,090.007,912.007,657.00
Extraordinary Item0.000.000.00
Changes in Working Capital274.00144.00-355.00
Income Taxes Payable241.0068.00-11.00
Cash from Operating Activities9,364.008,056.007,302.00
Capital Expenditures-301.00-291.00-413.00
Net Assets From Acquisitions0.000.000.00
Sale of Fixed Assets and Businesses0.000.000
Purchase or Sale of Investments-102.00438.001,188.00
Purchase of Investments-592.00-59.000.00
Sale Or Maturity of Investments490.00497.001,188.00
Other Uses0.000.000.00
Other Sources2.002.001.00
Cash from Investing Activities-401.00149.00776.00
Cash Dividends Paid0.000.000.00
Change in Capital Stock-10,390.00-9,139.00-4,086.00
Repurchase of Common Pref Stock-10,750.00-9,500.00-4,400.00
Sale of Common Pref Stock360361314
Proceedsfrom Stock Options360361314
Issuance or Reduction of Debt, Net2,494.001,997.00-500.00
Change in Long Term Debt2,494.001,997.00-500.00
Issuance of Long Term Debt3,994.001,997.000.00
Reduction of Long Term Debt-1,500.000.00-500.00
Net Financing Active Other Cash Flow-541.00-582.00-596.00
Other Financing Activities Uses-636.00-677.00-596.00
Cash from Financing Activities-8,437.00-7,724.00-5,182.00
Exchange Rate Effect-22-99
Net Change in Cash504.00472.002,905.00
Free Cash Flow9,192.007,873.006,942.00
Preferred Dividends (Cash Flow)00
Price to Free Cash Flow20.929.4740.5
values in Millions, USD

Adobe Inc at a Glance

Adobe Inc Financials at a glance including: EPS, Sales, Shares Outstanding, SPY Comparison, Short Interest, Short Interest History, EPS Performance and Forecast, GAAP EPS Performance and Forecast, Revenue Performance and Forecast, Price Reactions to Earnings Reports, Latest Revisions, Revenue by Products and Services, Revenue by Regions, Revenue by Segment, Dividends, and Dividend Payout History.
Please Note: Information edited and updated on 15/05/2025

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Abbreviations

Index – Major index membership                          

Market Cap – Market capitalization

Income – Trailing 12 months income

Sales – Trailing 12 months revenue

Book/sh – Most recent quarter book value a share

Cash/sh – Most recent quarter cash per share Dividend Est. – Analysts’ dividend estimate (fiscal year) Dividend TTM – Trailing 12-month dividend Dividend Ex-Date – Ex-dividend date Employees – Number of full-time employees Option/Short – Stock has options on a market exchange/stock is available to sell short Sales Surprise – Last quarter revenue surprise SMA20 – Stock price distance from 20-day simple moving average P/E – Price-to-Earnings (trailing 12-months) Forward P/E – Forward Price-to-Earnings (next fiscal year) PEG – Price-to-Earnings-to-Growth P/S – Price-to-Book (most recent quarter) P/B – Price-to-Book (most recent quarter) P/C – Price to cash per share (most recent quarter) P/FCF – Price to Free Cash Flow (trailing 3-months) Quick Ratio – Quick Ratio (most recent quarter) Current Ratio – Current Ratio (most recent quarter) Debt/Eq – Total Debt to Equity (most recent quarter) LT Debt/Eq – Long Term Debt to Equity (most recent quarter) EPS Surprise – Last quarter Earnings-Per-Share surprise SMA50 – Stock price distance from 50-Day Simple Moving Average EPS (ttm) – Diluted Earnings-Per-Share (trailing 3-months) EPS next Y – Earnings-Per-Share estimate for next year EPS next Q – Earnings-Per-Share estimate next quarter EPS this Y - Earnings-Per-Share growth this year EPS next Y - Earnings-Per-Share estimate for next year EPS next 5Y – Long term annual growth estimate (5 years) EPS past 5Y – Annual Earnings-Per-Share growth past 5 years Sales past 5Y – Annual sales growth past 5 years EPS Y/Y TTM – Earnings-Per-Share growth (trailing 3 months) Sales Y/Y TTM – Sales growth (trailing 3 months) EPS Q/Q – Quarterly earnings growth (Year-on-Year) Sales Q/Q – Quarterly revenue growth (Year-on-Year) SMA200 – Stock price distance from 2-Day Simple Moving Average Insider Own – Percentage insider ownership of company shares Insider Trans – Insider transactions (6-month change in Insider Ownership) Inst Own – Institutional ownership Inst Trans - Institutional transactions (3-month change in Institutional Ownership) ROA – Return on Assets (trailing 3-months) ROE – Return on Equity (trailing 3-months) ROI – Return on Investment (trailing 3-months) Gross Margin – Gross Margin (trailing 3-months) Oper. Margin – Operating Margin (trailing 3-months) Profit Margin – Net Profit Margin (trailing 3-months) Payout – Dividend Payout Ratio (trailing 3-months) Earnings – BMO = Before Market Open / AMC = After Market Close Shs Outstand – Shares outstanding Shs Float – Shares float Short Float – Short interest share Short Ratio – Short interest ratio Short Interest – Short interest 52W Range – 52-Week trading range 52W High – Distance from 52-Week High 52W Low - Distance from 52-Week Low RSI (14) – Relative Strength Index Perf Week – Performance (Week) Perf Month – Performance (Month) Perf Quarter – Performance (Quarter) Perf Half Y - Performance (Half Year) Perf Year – (Year) Perf YTD - Performance (Year-To-Date) Beta - Beta ATR (14) – Average True Range Volatility – Volatility (Week, Month) Target Price – Analysts’ mean target price Price – Current stock price

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