Adobe Inc.
ADBENASDAQ
$271.19
Last price · USD
- Market cap
- $115.8B
- P/E
- 16.2x
- EV / EBITDA
- 12.0x
- P/S
- 4.9x
- FCF yield
- 8.5%
- Div. yield
- 0.00%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
Revenue
$23.77B
+10.5%
4Y CAGR +10.8%
Gross profit
$21.06B
+10.0%
4Y CAGR +10.9%
Operating income
$8.71B
+29.1%
4Y CAGR +10.7%
Net income
$7.13B
+28.2%
4Y CAGR +10.3%
EPS (diluted)
$16.70
+35.1%
4Y CAGR +13.6%
Free cash flow
$9.85B
+25.9%
4Y CAGR +9.3%
Revenue & net income
Fiscal 2021–2025 · USD
RevenueNet income
Valuation
At $271.19 · FY2025 fundamentals
- Market cap
- $115.8B
- Enterprise value
- $117.0B
- P/E
- 16.2x
- P/S
- 4.9x
- P/B
- 10.0x
- EV / EBITDA
- 12.0x
- EV / Sales
- 4.9x
- Earnings yield
- 6.2%
- FCF yield
- 8.5%
- Shareholder yield
- 9.7%
Profitability
Margins as a share of revenue
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Gross margin | 88.6%+0.4pp | 88.2% | |
| Operating margin | 36.6%-0.1pp | 36.8% | |
| EBITDA margin | 41.0%-1.3pp | 42.3% | |
| Net margin | 30.0%-0.6pp | 30.5% | |
| FCF margin | 41.4%-2.2pp | 43.7% |
Returns & financial health
FY2025 with 4-year trend
| Metric | Latest | 4Y ago | Trend |
|---|---|---|---|
| Return on equity | 61.3% | 32.6% | |
| Return on invested capital | 55.4% | 31.4% | |
| Return on assets | 24.2% | 17.7% | |
| Debt / equity | 0.57x | 0.32x | |
| Net debt / EBITDA | 0.12x | 0.12x | |
| Current ratio | 1.00x | 1.25x |
Cash & equivalents
$5.43B
Total debt
$6.65B
Capital allocation
How ADBE used its cash in FY2025
- Operating cash flow
- $10.03B
- Capital expenditure
- $179M
- Dividends paid
- $0.00
- Share repurchases
- $11.28B
- Stock-based compensation
- $1.94B
- Diluted shares
- 427.0M
- Share count change (4Y)
- -11.2%
Analyst estimates
Consensus for upcoming fiscal years
| Fiscal year | Revenue | Growth | EPS | Growth |
|---|---|---|---|---|
| FY2025 actual | $23.77B | $16.70 | ||
| FY2026E23 analysts | $26.61B | +11.9% | $24.48 | +46.6% |
| FY2027E24 analysts | $29.08B | +9.3% | $27.73 | +13.3% |
| FY2028E15 analysts | $31.61B | +8.7% | $31.42 | +13.3% |
About Adobe Inc.
Technology · Software - Application
Adobe Inc. stands as a prominent global software provider, delivering a diverse range of solutions. Its operations are structured into three primary business divisions: Digital Media, Digital Experience, and Publishing and Advertising.
adobe.com- Sector
- Technology
- Industry
- Software - Application
- CEO
- Shantanu Narayen
- Employees
- 31,360
- Headquarters
- San Jose, CA, US
- IPO date
- 1986-08-13
Adobe Inc. (ADBE) — frequently asked questions
Answered from the company's SEC filings
Adobe Inc. stands as a prominent global software provider, delivering a diverse range of solutions.
Explore the full income statement, balance sheet and cash flow statement. Not investment advice.