ADBE - Adobe Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$399.50
DETAILS
HIGH:
$500.00
LOW:
$280.00
MEDIAN:
$417.50
CONSENSUS:
$399.50
UPSIDE:
34.91%
| Metric | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 6,194.0 | 5,988.0 | 5,873.0 | 5,714.0 | 5,606.0 | 5,408.0 | 5,309.0 | 5,182.0 | 5,048.0 | 4,890.0 |
| Cost of Revenue | 686.0 | 642.0 | 638.0 | 622.0 | 616.0 | 554.0 | 598.0 | 590.0 | 634.0 | 580.0 |
| Gross Profit | 5,508.0 | 5,346.0 | 5,235.0 | 5,092.0 | 4,990.0 | 4,854.0 | 4,711.0 | 4,592.0 | 4,414.0 | 4,310.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 1,098.0 | 1,088.0 | 1,082.0 | 1,026.0 | 999.0 | 1,022.0 | 984.0 | 939.0 | 889.0 | 881.0 |
| SG&A Expenses | 2,149.0 | 2,047.0 | 2,003.0 | 1,862.0 | 1,992.0 | 1,797.0 | 1,800.0 | 1,704.0 | 1,740.0 | 1,690.0 |
| Other Expenses | 0.0 | 38.0 | 41.0 | 41.0 | 42.0 | 43.0 | 42.0 | 1,042.0 | 42.0 | 42.0 |
| Operating Expenses | 3,247.0 | 3,173.0 | 3,126.0 | 2,929.0 | 3,033.0 | 2,862.0 | 2,826.0 | 3,685.0 | 2,671.0 | 2,613.0 |
| Operating Income | ||||||||||
| Operating Income | 2,261.0 | 2,173.0 | 2,109.0 | 2,163.0 | 1,957.0 | 1,992.0 | 1,885.0 | 907.0 | 1,743.0 | 1,697.0 |
| Interest Expense | 66.0 | 67.0 | 68.0 | 62.0 | 50.0 | 51.0 | 41.0 | 27.0 | 28.0 | 27.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 269.0 | 0.0 |
| Profitability | ||||||||||
| EBITDA | 2,448.0 | 2,462.0 | 2,378.0 | 2,461.0 | 2,259.0 | 2,306.0 | 2,185.0 | 1,207.0 | 2,076.0 | 2,006.0 |
| EBIT | 2,264.0 | 2,254.0 | 2,169.0 | 2,244.0 | 2,041.0 | 2,093.0 | 1,971.0 | 995.0 | 1,836.0 | 1,770.0 |
| Income Before Tax | 2,264.0 | 2,187.0 | 2,101.0 | 2,182.0 | 1,991.0 | 2,042.0 | 1,930.0 | 968.0 | 1,808.0 | 1,743.0 |
| Income Tax Expense | 408.0 | 415.0 | 410.0 | 371.0 | 308.0 | 358.0 | 357.0 | 348.0 | 325.0 | 340.0 |
| Net Income | 1,856.0 | 1,772.0 | 1,691.0 | 1,811.0 | 1,683.0 | 1,684.0 | 1,573.0 | 620.0 | 1,483.0 | 1,403.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 4.45 | 4.18 | 3.95 | 4.15 | 3.81 | 3.78 | 3.50 | 1.37 | 3.26 | 3.07 |
| EPS (Diluted) | 4.45 | 4.18 | 3.95 | 4.13 | 3.80 | 3.76 | 3.49 | 1.36 | 3.23 | 3.05 |
| Shares Outstanding | 417.0 | 429.0 | 432.0 | 436.0 | 443.0 | 445.0 | 449.0 | 453.0 | 455.0 | 456.0 |
| Metric | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 5,431.0 | 4,982.0 | 4,931.0 | 6,758.0 | 7,613.0 | 7,193.0 | 7,660.0 | 6,254.0 | 7,141.0 | 6,601.0 |
| Short-Term Investments | 1,164.0 | 958.0 | 782.0 | 677.0 | 273.0 | 322.0 | 405.0 | 566.0 | 701.0 | 915.0 |
| Net Receivables | 2,344.0 | 2,093.0 | 1,735.0 | 1,973.0 | 2,072.0 | 1,802.0 | 1,612.0 | 2,057.0 | 2,224.0 | 1,851.0 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Assets | 1,224.0 | 1,379.0 | 1,530.0 | 1,447.0 | 1,274.0 | 1,399.0 | 1,346.0 | 1,131.0 | 1,018.0 | 1,043.0 |
| Total Current Assets | 10,163.0 | 9,412.0 | 8,978.0 | 10,855.0 | 11,232.0 | 10,716.0 | 11,023.0 | 10,008.0 | 11,084.0 | 10,410.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 2,185.0 | 2,215.0 | 2,149.0 | 2,159.0 | 2,217.0 | 2,337.0 | 2,350.0 | 2,354.0 | 2,388.0 | 2,409.0 |
| Goodwill | 12,857.0 | 12,862.0 | 12,830.0 | 12,777.0 | 12,788.0 | 12,814.0 | 12,803.0 | 12,803.0 | 12,805.0 | 12,800.0 |
| Intangible Assets | 495.0 | 555.0 | 631.0 | 706.0 | 782.0 | 858.0 | 933.0 | 1,011.0 | 1,088.0 | 1,167.0 |
| Long-Term Investments | 0.0 | 0.0 | 66.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Assets | 1,610.0 | 1,618.0 | 1,469.0 | 1,638.0 | 1,554.0 | 1,557.0 | 1,462.0 | 1,265.0 | 1,223.0 | 1,239.0 |
| Total Non-Current Assets | 19,333.0 | 19,342.0 | 19,129.0 | 19,100.0 | 18,998.0 | 19,114.0 | 18,984.0 | 18,743.0 | 18,695.0 | 18,680.0 |
| Total Assets | 29,496.0 | 28,754.0 | 28,107.0 | 29,955.0 | 30,230.0 | 29,830.0 | 30,007.0 | 28,751.0 | 29,779.0 | 29,090.0 |
| Current Liabilities | ||||||||||
| Account Payables | 417.0 | 337.0 | 360.0 | 326.0 | 361.0 | 318.0 | 357.0 | 300.0 | 314.0 | 314.0 |
| Short-Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | 1,499.0 | 1,499.0 | 1,498.0 | 1,497.0 | 0.0 | 0.0 |
| Deferred Revenue | 6,905.0 | 6,385.0 | 6,220.0 | 6,347.0 | 6,131.0 | 5,779.0 | 5,558.0 | 5,975.0 | 5,837.0 | 5,375.0 |
| Other Current Liabilities | 2,648.0 | 2,289.0 | 2,086.0 | 1,540.0 | 1,464.0 | 1,141.0 | 1,364.0 | 1,170.0 | 696.0 | 585.0 |
| Total Current Liabilities | 10,200.0 | 9,239.0 | 9,039.0 | 9,163.0 | 10,521.0 | 9,644.0 | 9,474.0 | 9,537.0 | 8,251.0 | 8,334.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 6,210.0 | 6,200.0 | 6,166.0 | 6,155.0 | 4,129.0 | 4,128.0 | 4,127.0 | 2,138.0 | 3,634.0 | 3,633.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Non-Current Liabilities | 977.0 | 1,034.0 | 1,017.0 | 1,065.0 | 994.0 | 1,005.0 | 1,037.0 | 1,103.0 | 890.0 | 850.0 |
| Total Non-Current Liabilities | 7,673.0 | 7,745.0 | 7,620.0 | 7,697.0 | 5,604.0 | 5,641.0 | 5,690.0 | 3,754.0 | 5,010.0 | 4,980.0 |
| Total Liabilities | 17,873.0 | 16,984.0 | 16,659.0 | 16,860.0 | 16,125.0 | 15,285.0 | 15,164.0 | 13,291.0 | 13,261.0 | 13,314.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 45,354.0 | 43,516.0 | 41,744.0 | 40,186.0 | 38,470.0 | 36,911.0 | 35,227.0 | 33,809.0 | 33,346.0 | 32,012.0 |
| Accumulated Other Comprehensive Income | (245.0) | (341.0) | (333.0) | (158.0) | (201.0) | (309.0) | (276.0) | (277.0) | (285.0) | (285.0) |
| Total Stockholders' Equity | 11,623.0 | 11,770.0 | 11,448.0 | 13,095.0 | 14,105.0 | 14,545.0 | 14,843.0 | 15,460.0 | 16,518.0 | 15,776.0 |
| Total Liabilities & Equity | 29,496.0 | 28,754.0 | 28,107.0 | 29,955.0 | 30,230.0 | 29,830.0 | 30,007.0 | 28,751.0 | 29,779.0 | 29,090.0 |
| Debt Metrics | ||||||||||
| Total Debt | 6,648.0 | 6,636.0 | 6,563.0 | 6,563.0 | 6,056.0 | 6,078.0 | 6,090.0 | 4,086.0 | 4,080.0 | 4,096.0 |
| Net Debt | 1,217.0 | 1,654.0 | 1,632.0 | (195.0) | (1,557.0) | (1,115.0) | (1,570.0) | (2,168.0) | (3,061.0) | (2,505.0) |
| Metric | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,856.0 | 1,772.0 | 1,691.0 | 1,811.0 | 1,683.0 | 1,684.0 | 1,573.0 | 620.0 | 1,483.0 | 1,403.0 |
| Depreciation & Amortization | 184.0 | 208.0 | 209.0 | 217.0 | 218.0 | 213.0 | 214.0 | 212.0 | 222.0 | 218.0 |
| Stock-Based Compensation | 489.0 | 497.0 | 481.0 | 475.0 | 441.0 | 474.0 | 467.0 | 451.0 | 427.0 | 442.0 |
| Change in Working Capital | 244.0 | (178.0) | (89.0) | 131.0 | 617.0 | (259.0) | (215.0) | 1.0 | (403.0) | (98.0) |
| Other Non-Cash Items | 387.0 | (101.0) | 18.0 | (152.0) | (38.0) | 12.0 | 23.0 | 6.0 | (129.0) | (87.0) |
| Operating Cash Flow | 3,160.0 | 2,198.0 | 2,191.0 | 2,482.0 | 2,921.0 | 2,021.0 | 1,940.0 | 1,174.0 | 1,597.0 | 1,873.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (34.0) | (72.0) | (47.0) | (26.0) | (48.0) | (57.0) | (52.0) | (75.0) | (47.0) | (91.0) |
| Acquisitions | 0.0 | (17.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (200.0) | 0.0 |
| Purchases of Investments | (112.0) | (190.0) | (231.0) | (592.0) | 67.0 | (76.0) | (11.0) | (38.0) | (19.0) | 0.0 |
| Sales/Maturities of Investments | 0.0 | 441.0 | 113.0 | 134.0 | 109.0 | 88.0 | 163.0 | 141.0 | 219.0 | 236.0 |
| Other Investing Activities | 0.0 | (441.0) | (113.0) | 0.0 | (109.0) | (51.0) | 0.0 | 0.0 | 200.0 | 0.0 |
| Investing Cash Flow | (146.0) | (279.0) | (278.0) | (484.0) | 19.0 | (47.0) | 111.0 | 66.0 | 153.0 | 145.0 |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0.0 | 0.0 | 0.0 | 497.0 | (1,997.0) | 0.0 | 1,997.0 | 0.0 | 0.0 | 0.0 |
| Stock Repurchased | (2,474.0) | (2,057.0) | (3,500.0) | (3,250.0) | (2,500.0) | (2,500.0) | (2,500.0) | (2,000.0) | (1,000.0) | (1,000.0) |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | 13.0 | 39.0 | (288.0) | (184.0) | 2,148.0 | (217.0) | (139.0) | (225.0) | (217.0) | (115.0) |
| Financing Cash Flow | (2,555.0) | (1,876.0) | (3,788.0) | (2,841.0) | (2,501.0) | (2,453.0) | (642.0) | (2,128.0) | (1,217.0) | (871.0) |
| Cash Position | ||||||||||
| Net Change in Cash | 449.0 | 51.0 | (1,827.0) | (855.0) | 420.0 | (467.0) | 1,406.0 | (887.0) | 540.0 | 1,145.0 |
| Cash at Beginning | 4,982.0 | 4,931.0 | 6,758.0 | 7,613.0 | 7,193.0 | 7,660.0 | 6,254.0 | 7,141.0 | 6,601.0 | 5,456.0 |
| Cash at End | 5,431.0 | 4,982.0 | 4,931.0 | 6,758.0 | 7,613.0 | 7,193.0 | 7,660.0 | 6,254.0 | 7,141.0 | 6,601.0 |
| Free Cash Flow | 3,126.0 | 2,126.0 | 2,144.0 | 2,456.0 | 2,873.0 | 1,964.0 | 1,888.0 | 1,099.0 | 1,550.0 | 1,782.0 |
| Key Metrics | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 6,194.0 | 5,988.0 | 5,873.0 | 5,714.0 | 5,606.0 | 5,408.0 | 5,309.0 | 5,182.0 | 5,048.0 | 4,890.0 |
| Gross Profit | 5,508.0 | 5,346.0 | 5,235.0 | 5,092.0 | 4,990.0 | 4,854.0 | 4,711.0 | 4,592.0 | 4,414.0 | 4,310.0 |
| Operating Income | 2,261.0 | 2,173.0 | 2,109.0 | 2,163.0 | 1,957.0 | 1,992.0 | 1,885.0 | 907.0 | 1,743.0 | 1,697.0 |
| Net Income | 1,856.0 | 1,772.0 | 1,691.0 | 1,811.0 | 1,683.0 | 1,684.0 | 1,573.0 | 620.0 | 1,483.0 | 1,403.0 |
| EPS (Diluted) | 4.45 | 4.18 | 3.95 | 4.13 | 3.80 | 3.76 | 3.49 | 1.36 | 3.23 | 3.05 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 5,431.0 | 4,982.0 | 4,931.0 | 6,758.0 | 7,613.0 | 7,193.0 | 7,660.0 | 6,254.0 | 7,141.0 | 6,601.0 |
| Total Assets | 29,496.0 | 28,754.0 | 28,107.0 | 29,955.0 | 30,230.0 | 29,830.0 | 30,007.0 | 28,751.0 | 29,779.0 | 29,090.0 |
| Total Debt | 6,648.0 | 6,636.0 | 6,563.0 | 6,563.0 | 6,056.0 | 6,078.0 | 6,090.0 | 4,086.0 | 4,080.0 | 4,096.0 |
| Stockholders' Equity | 11,623.0 | 11,770.0 | 11,448.0 | 13,095.0 | 14,105.0 | 14,545.0 | 14,843.0 | 15,460.0 | 16,518.0 | 15,776.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 3,160.0 | 2,198.0 | 2,191.0 | 2,482.0 | 2,921.0 | 2,021.0 | 1,940.0 | 1,174.0 | 1,597.0 | 1,873.0 |
| Capital Expenditure | (34.0) | (72.0) | (47.0) | (26.0) | (48.0) | (57.0) | (52.0) | (75.0) | (47.0) | (91.0) |
| Free Cash Flow | 3,126.0 | 2,126.0 | 2,144.0 | 2,456.0 | 2,873.0 | 1,964.0 | 1,888.0 | 1,099.0 | 1,550.0 | 1,782.0 |