Inside the research

Adobe Inc.

ADBE Research profile · latest available data

Price overview

$235.47

▼ -3.46 (-1.4%)

52w hi$360.37
52w lo$193.41
Vol3.11M
As of25 Sep 2026

The Verdict

Hold

Our score +0.34

Short-0.10
Medium+0.56
Long+0.77

computed 2026-09-27

Key fundamentals

Adobe Inc.

Technology · Software - Application

Market cap$93.60B
Enterprise value$92.79B
Trailing P/E13.14x
Forward P/E8.51x
EV / EBITDA9.36x
P / S (ttm)3.60x
Profit margin28.0%
Return on equity61.9%
Revenue growth+12.9%
Earnings growth+10.5%
Debt / equity57.69

Layer Breakdown

LayerRawContribution
Fundamental+0.36
Sector+0.15
Technical+0.02
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digital Experience segment provides an integrated platform; and products, services, and solutions that enable brands and businesses to create, manage, execute, measure, monetize, and optimize customer experiences from analytics to commerce. This segment serves marketers, advertisers, agencies, publishers, merchandisers, merchants, web analysts, data scientists, developers, and executives across the C-suite. The Publishing and Advertising segment offers e-learning, technical document publishing, web conferencing, document and forms platform, web application development, printing, and Adobe Advertising solutions. It also provides consulting, training, customer management, technical support, and learning services. The company offers its solutions to enterprise customers, and businesses and consumers; and licenses its products to end-user customers through app stores and website at adobe.com. It markets and distributes its products through distributors, retailers, software developers, mobile app stores, systems integrators, independent software vendors, value-added resellers, and original equipment and hardware manufacturers. The company also provides an online visibility management and content marketing software-as-a-service platform. The company has a strategic alliance with HUMAIN for the development of generative AI models and AI-powered applications. The company was formerly known as Adobe Systems Incorporated and changed its name to Adobe Inc. in October 2018. Adobe Inc. was founded in 1982 and is headquartered in San Jose, California.

United States · www.adobe.com

Risk Metrics

Beta vs SPX0.77
Corr SPX0.33
Annual vol37.1%
Annual ret-32.8%
Sharpe-0.88
Max DD-65.0%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$327.95
High / Low$487.00 / $220.00
Median$314.75
Analysts34
Strong Buy3
Buy13
Hold19
Sell4
Strong Sell0

Recent rating actions

2026-04-27Mizuho→ Neutral
2026-04-22RBC Capital→ Outperform
2026-04-17UBS→ Neutral
2026-04-17RBC Capital→ Outperform
2026-03-26William Blair→ Market Perform
2026-03-16Goldman Sachs→ Sell

Officers & Board

DirectorCristiano Amon since 2023
DirectorSpencer Neumann since 2022
DirectorMelanie Boulden since 2020
DirectorKathleen Oberg since 2019
DirectorDheeraj Pandey since 2019
DirectorDavid A. Ricks since 2018
DirectorLaura Desmond since 2012
DirectorFrank Calderoni since 2012
DirectorAmy Banse since 2012
DirectorDan Rosensweig since 2009
DirectorShantanu Narayen since 2007
CEOShantanu Narayen since 2007
FounderCharles Geschke current
FounderJohn Warnock current
DirectorBrett Biggs 2022–2025

Material Events

DateEvent8-K
2026-07-17Officer / Director Changeread
2026-06-11Earnings Release, Officer / Director Change…read
2026-04-21Officer / Director Change, Shareholder Vote…read
2026-03-12Earnings Release, Officer / Director Change…read
2026-01-27Officer / Director Change, Exhibitsread
2025-12-10Earnings Release, Exhibitsread
2025-09-11Earnings Release, Exhibitsread
2025-06-12Earnings Release, Exhibitsread
2025-04-24Officer / Director Change, Bylaws Amendment…read
2025-03-12Earnings Release, Exhibitsread
2025-01-30Officer / Director Change, Exhibitsread
2025-01-17Material Agreement, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-07-29Forusz JillianSVP & CAOSell416$109.96K
2026-07-15NARAYEN SHANTANUChair and CEOOption exercise2.20K—
2026-07-15NARAYEN SHANTANUChair and CEOWithheld for tax1.09K$244.77K
2026-07-15NARAYEN SHANTANUChair and CEOOption exercise1.26K—
2026-07-15NARAYEN SHANTANUChair and CEOWithheld for tax626$140.57K
2026-07-15NARAYEN SHANTANUChair and CEOOption exercise1.98K—
2026-07-15NARAYEN SHANTANUChair and CEOWithheld for tax980$220.07K
2026-07-15NARAYEN SHANTANUChair and CEOOption exercise2.86K—
2026-07-15NARAYEN SHANTANUChair and CEOWithheld for tax1.42K$317.98K
2026-07-15Balazs LaraChief Marketing Officer &Option exercise1.23K—

Flow & Concentration

Insider 180d net-$16.95M
Insider buys / sells1 / 6
Insider biasSellers
13F holders9
Top-5 share96.3%
HHI3,195 (concentrated)

Top Holders

HolderValueShares
State Street Corp$4.21B20.52M
Citadel Advisors$1.74B8.50M
AQR Capital Management$805.01M3.93M
Capital Research / Capital World$716.35M3.49M
Fidelity / FMR LLC$573.19M2.80M
Millennium Management$235.12M1.15M
Renaissance Technologies$52.27M254.96K
Bridgewater Associates$18.20M88.75K
T. Rowe Price Group$123.11K600.47K

As of 2026-06-30

Dividends

Yield (TTM)0.00%
$ / share (TTM)$0.00
5y CAGR-19.1%

Annual dividend per share

2000$0.02
2001$0.03
2002$0.02
2003$0.03
2004$0.03
2005$0.01

Federal Contracts

AmountAgencyDescription
$153.87KDepartment of DefenseINSUL, ELBOW FORM
$35.90KDepartment of DefenseN4215830813093 10 X 4 CS
$31.29KNational Gallery of ArtSOPFTWARE
$22.55KU.S. Agency for Global MediaADOBE AUDITION FOR ENTERPRISE IS REQUIRED FOR MARTI STAFF TO RECORD & EDIT AUDIO
$10.20KAgency for International DevelopmentADOBE CREATIVE CLOUD LICENSES
$9.72KDepartment of JusticeSOFTWARE LICENSE
$9.72KDepartment of JusticeSOFTWARE
$5.00KDepartment of DefenseINSUL, TUBULAR FORM

SEC Filings

DateFormDoc
2026-07-314view
2026-07-174view
2026-07-174view
2026-07-174view
2026-07-178-Kview
2026-07-174view
2026-07-174view
2026-07-174view
2026-07-174view
2026-07-174view
2026-06-264view
2026-06-173view
2026-06-174view
2026-06-164view
2026-06-164view

The Long Run

FY 2009–2025 · 17 years

LineLatestCAGRTrend
Revenue$19.41B+11.1%
Gross profit$17.05B+12.3%
Operating income$6.74B+15.3%
Net income$5.43B+12.1%
Cash from ops$7.30B+12.4%

Indices

NASDAQ-100S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$238.85$241.16$234.96$235.473.11M
Sep 24$241.67$244.21$236.84$238.933.67M
Sep 23$239.48$241.74$237.51$240.693.86M
Sep 22$254.52$254.67$237.69$238.257.37M
Sep 21$248.92$251.48$244.23$249.525.18M

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