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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 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.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Adobe Systems Incorporated provides subscription-based creative, document and digital experience software such as Creative Cloud and Document Cloud for individuals and enterprises. Long-term growth may be supported by recurring revenue, expansion of Experience Cloud into marketing and commerce, and AI integration to enhance products. Investors may find it attractive for its strong brand, high-margin SaaS model and large installed base.
Principal risks include intensified competition, execution of Experience Cloud and AI initiatives, sensitivity to enterprise IT spending and regulatory or data-privacy developments that investors should monitor.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
| Income before tax | 8734.00M | 6931.00M | 6799.00M | 6008.00M | 5705.00M |
| Net income | 7130.00M | 5560.00M | 5428.00M | 4756.00M | 4822.00M |
| Selling general administrative | 1573.00M | 1529.00M | 1413.00M | 1219.00M | 1085.00M |
| Selling and marketing expenses | 6488.00M | 5764.00M | 5351.00M | 4968.00M | 4321.00M |
| Gross profit | 21061.00M | 19147.00M | 17055.00M | 15441.00M | 13920.00M |
| Reconciled depreciation | 818.00M | 857.00M | 872.00M | 856.00M | 788.00M |
| Ebit | 8931.00M | 7100.00M | 6896.00M | 6098.00M | 5802.00M |
| Ebitda | 9749.00M | 7957.00M | 7768.00M | 6995.00M | 6590.00M |
| Depreciation and amortization | 818.00M | 857.00M | 872.00M | 897.00M | 788.00M |
| Non operating income net other | - | - | - | 22.00M | 16.00M |
| Operating income | 8706.00M | 6741.00M | 6650.00M | 6098.00M | 5802.00M |
| Other operating expenses | 15063.00M | 14764.00M | 12759.00M | 11508.00M | 9983.00M |
| Interest expense | 263.00M | 164.00M | 113.00M | 112.00M | 113.00M |
| Tax provision | 1604.00M | 1371.00M | 1371.00M | 1252.00M | 883.00M |
| Interest income | 264.00M | 341.00M | - | 61.00M | 17.00M |
| Net interest income | 1.00M | 172.00M | -113.00M | -112.00M | -113.00M |
| Income tax expense | 1604.00M | 1371.00M | 1371.00M | 1252.00M | 883.00M |
| Total revenue | 23769.00M | 21505.00M | 19409.00M | 17606.00M | 15785.00M |
| Total operating expenses | 12355.00M | 12406.00M | 10405.00M | 9343.00M | 8118.00M |
| Cost of revenue | 2708.00M | 2358.00M | 2354.00M | 2165.00M | 1865.00M |
| Total other income expense net | 28.00M | 190.00M | 262.00M | -90.00M | -97.00M |
| Net income from continuing ops | 7130.00M | 5560.00M | 5428.00M | 4756.00M | 4822.00M |
| Net income applicable to common shares | - | - | - | 4756.00M | 4822.00M |
| Breakdown | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
| Total assets | 29496.00M | 30230.00M | 29779.00M | 27165.00M | 27241.00M |
| Intangible assets | 495.00M | 782.00M | 1088.00M | 1449.00M | 1820.00M |
| Other current assets | 1224.00M | 1274.00M | 1018.00M | 835.00M | 975.00M |
| Total liab | 17873.00M | 16125.00M | 13261.00M | 13114.00M | 12444.00M |
| Total stockholder equity | 11623.00M | 14105.00M | 16518.00M | 14051.00M | 14797.00M |
| Deferred long term liab | - | - | - | 406.00M | 5.00M |
| Other current liab | 2648.00M | 2215.00M | 2027.00M | 1865.00M | 1790.00M |
| Capital stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Retained earnings | 45354.00M | 38470.00M | 33346.00M | 28319.00M | 23905.00M |
| Other liab | - | - | - | 940.00M | 936.00M |
| Good will | 12857.00M | 12788.00M | 12805.00M | 12787.00M | 12721.00M |
| Other assets | - | - | - | 1618.00M | 1933.00M |
| Cash | 5431.00M | 7613.00M | 7141.00M | 4236.00M | 3844.00M |
| Total current liabilities | 10200.00M | 10521.00M | 8251.00M | 8128.00M | 6932.00M |
| Current deferred revenue | 6905.00M | 6131.00M | 5837.00M | 5297.00M | 4733.00M |
| Net debt | 1217.00M | -1557.00M | -3061.00M | 397.00M | 829.00M |
| Short term debt | 77.00M | 1574.00M | 73.00M | 587.00M | 97.00M |
| Short long term debt | - | 1499.00M | - | 500.00M | - |
| Short long term debt total | 6648.00M | 6056.00M | 4080.00M | 4633.00M | 4673.00M |
| Other stockholder equity | -33486.00M | -24164.00M | -16543.00M | -13975.00M | -8971.00M |
| Property plant equipment | - | - | - | 1908.00M | 2116.00M |
| Total current assets | 10163.00M | 11232.00M | 11084.00M | 8996.00M | 8651.00M |
| Net tangible assets | - | - | - | -185.00M | 256.00M |
| Short term investments | 1164.00M | 273.00M | 701.00M | 1860.00M | 1954.00M |
| Net receivables | 2344.00M | 2072.00M | 2224.00M | 2065.00M | 1878.00M |
| Long term debt | 6210.00M | 4129.00M | 3634.00M | 3629.00M | 4123.00M |
| Accounts payable | 417.00M | 361.00M | 314.00M | 379.00M | 312.00M |
| Accumulated other comprehensive income | -245.00M | -201.00M | -285.00M | -293.00M | -137.00M |
| Retained earnings total equity | - | - | - | 28319.00M | 23905.00M |
| Treasury stock | - | - | - | -23843.00M | -17399.00M |
| Non currrent assets other | 1610.00M | 1554.00M | 1223.00M | 841.00M | 848.00M |
| Non current assets total | 19333.00M | 18998.00M | 18695.00M | 18169.00M | 18590.00M |
| Capital lease obligations | 438.00M | 428.00M | 446.00M | 504.00M | 550.00M |
| Long term debt total | - | - | - | 3629.00M | 4123.00M |
| Breakdown | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
| Investments | -994.00M | 149.00M | 776.00M | -570.00M | -3519.00M |
| Change to liabilities | - | - | - | 628.00M | 1197.00M |
| Total cashflows from investing activities | -1187.00M | 149.00M | - | -570.00M | -3537.00M |
| Net borrowings | 497.00M | 1997.00M | - | - | - |
| Total cash from financing activities | -11060.00M | -7724.00M | -5182.00M | -6825.00M | -4301.00M |
| Change to operating activities | - | - | - | -87.00M | -313.00M |
| Net income | 7130.00M | 5560.00M | 5428.00M | 4756.00M | 4822.00M |
| Change in cash | -2182.00M | 472.00M | 2905.00M | 392.00M | -634.00M |
| Begin period cash flow | 7613.00M | 7141.00M | 4236.00M | 3844.00M | 4478.00M |
| End period cash flow | 5431.00M | 7613.00M | 7141.00M | 4236.00M | 3844.00M |
| Total cash from operating activities | 10031.00M | 8056.00M | 7302.00M | 7838.00M | 7223.00M |
| Issuance of capital stock | 348.00M | 361.00M | 314.00M | 278.00M | 291.00M |
| Depreciation | 818.00M | 894.00M | 872.00M | 856.00M | 788.00M |
| Other cashflows from investing activities | -554.00M | 51.00M | - | -126.00M | -2682.00M |
| Dividends paid | - | - | 186.00M | - | - |
| Change to inventory | - | - | 208.00M | - | 450.00M |
| Change to account receivables | -25.00M | 143.00M | -159.00M | -198.00M | -430.00M |
| Sale purchase of stock | -11281.00M | -9500.00M | -4400.00M | -6550.00M | -3950.00M |
| Other cashflows from financing activities | -420.00M | -430.00M | -596.00M | -553.00M | -642.00M |
| Change to netincome | - | - | - | 1807.00M | 1255.00M |
| Capital expenditures | 179.00M | 232.00M | 360.00M | 442.00M | 330.00M |
| Change receivables | - | - | - | -198.00M | -430.00M |
| Cash flows other operating | - | - | - | -11.00M | -402.00M |
| Exchange rate changes | - | - | - | - | -26.00M |
| Cash and cash equivalents changes | - | - | - | 443.00M | -634.00M |
| Change in working capital | 108.00M | 144.00M | -355.00M | 336.00M | 285.00M |
| Stock based compensation | 1942.00M | 1881.00M | 1718.00M | 1440.00M | 1069.00M |
| Other non cash items | 152.00M | -82.00M | 65.00M | 122.00M | 76.00M |
| Free cash flow | 9852.00M | 7824.00M | 6942.00M | 7396.00M | 6893.00M |
Sector: Technology Industry: Software - Application
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| ADBE Adobe Inc. |
-7.14 2.90% |
239.30 | 14.40 | 10.59 | 4.12 | 8.79 | 4.10 | 10.01 |
| SAP SAP SE ADR |
-10.08 4.14% |
233.45 | 28.16 | 22.42 | 6.52 | 4.85 | 5.60 | 16.61 |
| CRM Salesforce Inc |
-8.76 3.94% |
213.65 | 23.41 | 15.55 | 4.79 | 5.56 | 5.55 | 14.88 |
| SAPGF SAP SE |
-7.43 3.09% |
233.00 | 76.28 | 22.88 | 5.61 | 3.84 | 5.59 | 26.18 |
| SHOP Shopify Inc |
5.16 3.59% |
148.91 | 90.18 | 53.19 | 12.70 | 13.17 | 12.23 | 67.86 |
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 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.
| Name | Title | Year Born |
|---|---|---|
| Mr. Shantanu Narayen | Chairman & CEO | 1964 |
| Dr. John E. Warnock | Co-Founder & Independent Director | 1941 |
| Mr. Daniel J. Durn | CFO and Exec. VP of Fin., Technology Services & Operations | 1966 |
| Mr. David Wadhwani | Pres of Digital Media Bus. | 1972 |
| Dr. Anil S. Chakravarthy | Pres of Digital Experience Bus. | 1968 |
| Mr. Mark S. Garfield | Sr. VP, Chief Accounting Officer & Corp. Controller | 1971 |
| Ms. Cynthia A. Stoddard | Sr. VP & Chief Information Officer | 1957 |
| Mr. Jonathan Vaas | VP of Investor Relations | NA |
| Mr. Dana Rao | Exec. VP, Gen. Counsel & Chief Trust Officer | 1970 |
| Ms. Ann Lewnes | Chief Marketing Officer and Exec. VP of Corp. Strategy & Devel. | 1962 |
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