Adobe Inc. (ADBE): financials, SEC filings and peers

Adobe Inc. (ADBE) is an application software company in the Information Technology sector of the S&P 500, headquartered in San Jose, California.

It was founded in 1982 and joined the S&P 500 on May 5, 1997.

Its fiscal year ends in November, and its shares trade on the Nasdaq.

In its SEC filings it is classified as “Services-Prepackaged Software”.

Adobe Inc. at a glance

Revenue (12 months): $26.0B
Revenue growth: +12.0%
Operating margin: 35.7%
Net income (12 months): $7.3B
Free cash flow (12 months): $10.6B
Cash: $4.4B
Debt: $4.8B
Diluted EPS (12 months): $17.91

Twelve months to August 28, 2026, from the 10-Q filed September 22, 2026.

Latest twelve months

Over the twelve months to August 28, 2026, Adobe Inc. reported revenue of $26.0 billion, up 12.0% from a year earlier.

Its operating margin was 35.7%: for every $100 of sales, about $36 was left as operating profit.

Net income was $7.3 billion (28.0% of revenue), 4.7% higher than a year earlier.

Operating cash flow was $10.8 billion and capital spending $214 million, leaving free cash flow of $10.6 billion (40.8% of revenue).

At the end of the period it held $4.4 billion in cash and $4.8 billion in debt, a net debt position of $407 million.

The diluted share count fell 6.7% in a year, typically the result of buybacks.

Five-year trend

Revenue went from $12.9 billion in fiscal 2020 to $23.8 billion in fiscal 2025, about 13.1% a year.
Revenue has grown for 5 fiscal years in a row.
Operating margin widened from 32.9% to 36.6% over the same years.
Free cash flow was positive in each of the last 6 fiscal years.

Fiscal year	2021	2022	2023	2024	2025
Revenue	$15.8B	$17.6B	$19.4B	$21.5B	$23.8B
Revenue growth	22.7%	11.5%	10.2%	10.8%	10.5%
Operating margin	36.8%	34.6%	34.3%	31.3%	36.6%
Net income	$4.8B	$4.8B	$5.4B	$5.6B	$7.1B
Free cash flow	$6.9B	$7.4B	$6.9B	$7.9B	$9.9B
Diluted EPS	$10.02	$10.10	$11.82	$12.36	$16.70

Fiscal years as reported in Adobe Inc.’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

10-Q filed September 22, 2026 — quarterly report
8-K filed September 10, 2026 — Earnings results
8-K filed September 8, 2026 — Executive or director change; Regulation FD disclosure
8-K filed July 17, 2026 — Executive or director change
10-Q filed June 15, 2026 — quarterly report
8-K filed June 11, 2026 — Earnings results; Executive or director change
8-K filed April 21, 2026 — Executive or director change; Shareholder vote results
10-Q filed March 25, 2026 — quarterly report

All Adobe Inc. filings on SEC EDGAR

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Questions about Adobe Inc.

Is Adobe Inc.'s revenue growing?

Yes. Revenue for the twelve months to August 28, 2026 was $26.0 billion, up 12.0% from a year earlier, according to its SEC filings.

Is Adobe Inc. profitable?

Yes. It earned $7.3 billion in net income over the twelve months to August 28, 2026, a net margin of 28.0%.

Does Adobe Inc. have more cash or more debt?

At August 28, 2026 it had $4.4 billion in cash and $4.8 billion in debt, so more debt than cash.

When did Adobe Inc. last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on September 22, 2026.

Which companies are similar to Adobe Inc.?

In the S&P 500, Adobe Inc. is grouped in Application Software within the Information Technology sector. Autodesk (ADSK), Cadence Design Systems (CDNS), Salesforce (CRM), Datadog (DDOG), Fair Isaac (FICO) are in the same group.

Understand the numbers

Source: Adobe Inc.’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.