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 |
| Vol | 3.11M |
| As of | 25 Sep 2026 |
The Verdict
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/E | 13.14x |
| Forward P/E | 8.51x |
| EV / EBITDA | 9.36x |
| P / S (ttm) | 3.60x |
| Profit margin | 28.0% |
| Return on equity | 61.9% |
| Revenue growth | +12.9% |
| Earnings growth | +10.5% |
| Debt / equity | 57.69 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| 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.
Risk Metrics
| Beta vs SPX | 0.77 |
|---|---|
| Corr SPX | 0.33 |
| Annual vol | 37.1% |
| 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 |
| Analysts | 34 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 13 | |
| Hold | 19 | |
| Sell | 4 | |
| Strong Sell | 0 |
Recent rating actions
| 2026-04-27 | Mizuho | → Neutral |
| 2026-04-22 | RBC Capital | → Outperform |
| 2026-04-17 | UBS | → Neutral |
| 2026-04-17 | RBC Capital | → Outperform |
| 2026-03-26 | William Blair | → Market Perform |
| 2026-03-16 | Goldman Sachs | → Sell |
Officers & Board
| Director | Cristiano Amon since 2023 |
|---|---|
| Director | Spencer Neumann since 2022 |
| Director | Melanie Boulden since 2020 |
| Director | Kathleen Oberg since 2019 |
| Director | Dheeraj Pandey since 2019 |
| Director | David A. Ricks since 2018 |
| Director | Laura Desmond since 2012 |
| Director | Frank Calderoni since 2012 |
| Director | Amy Banse since 2012 |
| Director | Dan Rosensweig since 2009 |
| Director | Shantanu Narayen since 2007 |
| CEO | Shantanu Narayen since 2007 |
| Founder | Charles Geschke current |
| Founder | John Warnock current |
| Director | Brett Biggs 2022–2025 |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-17 | Officer / Director Change | read |
| 2026-06-11 | Earnings Release, Officer / Director Change… | read |
| 2026-04-21 | Officer / Director Change, Shareholder Vote… | read |
| 2026-03-12 | Earnings Release, Officer / Director Change… | read |
| 2026-01-27 | Officer / Director Change, Exhibits | read |
| 2025-12-10 | Earnings Release, Exhibits | read |
| 2025-09-11 | Earnings Release, Exhibits | read |
| 2025-06-12 | Earnings Release, Exhibits | read |
| 2025-04-24 | Officer / Director Change, Bylaws Amendment… | read |
| 2025-03-12 | Earnings Release, Exhibits | read |
| 2025-01-30 | Officer / Director Change, Exhibits | read |
| 2025-01-17 | Material Agreement, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-29 | Forusz Jillian | SVP & CAO | Sell | 416 | $109.96K |
| 2026-07-15 | NARAYEN SHANTANU | Chair and CEO | Option exercise | 2.20K | — |
| 2026-07-15 | NARAYEN SHANTANU | Chair and CEO | Withheld for tax | 1.09K | $244.77K |
| 2026-07-15 | NARAYEN SHANTANU | Chair and CEO | Option exercise | 1.26K | — |
| 2026-07-15 | NARAYEN SHANTANU | Chair and CEO | Withheld for tax | 626 | $140.57K |
| 2026-07-15 | NARAYEN SHANTANU | Chair and CEO | Option exercise | 1.98K | — |
| 2026-07-15 | NARAYEN SHANTANU | Chair and CEO | Withheld for tax | 980 | $220.07K |
| 2026-07-15 | NARAYEN SHANTANU | Chair and CEO | Option exercise | 2.86K | — |
| 2026-07-15 | NARAYEN SHANTANU | Chair and CEO | Withheld for tax | 1.42K | $317.98K |
| 2026-07-15 | Balazs Lara | Chief Marketing Officer & | Option exercise | 1.23K | — |
Flow & Concentration
| Insider 180d net | -$16.95M |
|---|---|
| Insider buys / sells | 1 / 6 |
| Insider bias | Sellers |
| 13F holders | 9 |
| Top-5 share | 96.3% |
| HHI | 3,195 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $4.21B | 20.52M |
| Citadel Advisors | $1.74B | 8.50M |
| AQR Capital Management | $805.01M | 3.93M |
| Capital Research / Capital World | $716.35M | 3.49M |
| Fidelity / FMR LLC | $573.19M | 2.80M |
| Millennium Management | $235.12M | 1.15M |
| Renaissance Technologies | $52.27M | 254.96K |
| Bridgewater Associates | $18.20M | 88.75K |
| T. Rowe Price Group | $123.11K | 600.47K |
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
| Amount | Agency | Description |
|---|---|---|
| $153.87K | Department of Defense | INSUL, ELBOW FORM |
| $35.90K | Department of Defense | N4215830813093 10 X 4 CS |
| $31.29K | National Gallery of Art | SOPFTWARE |
| $22.55K | U.S. Agency for Global Media | ADOBE AUDITION FOR ENTERPRISE IS REQUIRED FOR MARTI STAFF TO RECORD & EDIT AUDIO |
| $10.20K | Agency for International Development | ADOBE CREATIVE CLOUD LICENSES |
| $9.72K | Department of Justice | SOFTWARE LICENSE |
| $9.72K | Department of Justice | SOFTWARE |
| $5.00K | Department of Defense | INSUL, TUBULAR FORM |
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| 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
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $238.85 | $241.16 | $234.96 | $235.47 | 3.11M |
| Sep 24 | $241.67 | $244.21 | $236.84 | $238.93 | 3.67M |
| Sep 23 | $239.48 | $241.74 | $237.51 | $240.69 | 3.86M |
| Sep 22 | $254.52 | $254.67 | $237.69 | $238.25 | 7.37M |
| Sep 21 | $248.92 | $251.48 | $244.23 | $249.52 | 5.18M |
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