← BackADOBE INC. · SoftwareADBE
The short versionA high-quality, profitable business with growing sales.
Going well
- Sales up 13% in the latest quarter vs a year ago
- Profitable every year for 10 years
- Sales up 11% last year
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 3.9% to their holdings in the quarter ending June 2026 (796 bought, 1269 sold)
- Held by George Soros (Soros Fund), Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$258.63-2.0% that day
- Company value
- $100.7B
- Share price times all shares
- Price vs profit (P/E)
- 14.4x
- You pay about $14 for each $1 of yearly profit
- Price vs sales
- 3.9x
- Company value is 3.9 times a year of sales
- Cash vs value
- 4%
- Cash as a share of company value
- Debt vs value
- 6%
- Debt as a share of company value
From ADBE's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Aug '26$6.8B+13% vs a year earlier
Dec '23Tap a barAug '26
Last 12 months: $26.0B, up 12% from the 12 months before. Over 5 years, sales grew about 13% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- PassReturn on equity 15%+Earns a lot on the money owners have in the business.55.4%
- MissDebt under half of equityNot relying on borrowed money.0.53x equity
- PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.30.0%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$9.9B
- PassShare count not growingNot diluting owners. Falling means buybacks.-9.3% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.89.3%
- Revenue
- $23.8B
- +10.5% vs prior year
- 5-year growth
- +13.1%/yr
- revenue, per year
- Total debt
- $6.2B
- 0.53x equity
- Current ratio
- 1.00x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Aug 28, 2026- Revenue
- $6.8B
- +12.9% YoY
- EPS
- $4.62
- vs $4.18
- Op. margin
- 34.8%
- -1.5 pts
- Gross margin
- 88.7%
- -0.6 pts
- Free cash flow
- $2.4B
- Share count
- -6.7%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 1.6
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady+3.9%Institutions added 3.9% to their holdings. 796 bought, 1269 sold.
Shares held by institutions333.5M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-5.1%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.4x · $4.8B debtShares outstandingLatest reported
389MNext reportAround Dec 9 (est.)Estimated from the same quarter last year
- Results filedSep 10
- Results filedJun 11
- Results filedMar 12
- Results filedDec 10, 2025
- Results filedSep 11, 2025
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Option exerciseSteven DayInterim CFO and SVP
2,100 shares
- +36% of holdings
- Now owns 7,991 shares
- 5 transactions
- Filed 4 days after trade
- Also: Shares withheld for taxes
Option exerciseAdele Louise PentlandChief Legal Officer & EVP
1,308 shares
- +19% of holdings
- Now owns 8,350 shares
- Filed 4 days after trade
- Also: Shares withheld for taxes
Option exerciseShantanu NarayenChair and CEO, Director
8,300 shares
- +4% of holdings
- Now owns 244,327 shares
- Held by trust
- 4 transactions
- Filed 4 days after trade
- Also: Shares withheld for taxes
Option exerciseJillian ForuszSVP & CAO
1,823 shares
- +36% of holdings
- Now owns 6,863 shares
- 5 transactions
- Filed 4 days after trade
- Also: Shares withheld for taxes
Option exerciseGloria ChenEVP, Chief People Officer
3,244 shares
- +7% of holdings
- Now owns 52,720 shares
- 4 transactions
- Filed 4 days after trade
- Also: Shares withheld for taxes
Option exerciseAnil ChakravarthyPresident, CXO
3,023 shares
- +5% of holdings
- Now owns 63,980 shares
- 4 transactions
- Filed 4 days after trade
- Also: Shares withheld for taxes