Quality Scorecard Transitional
Transitional-stage checklist (proxy metrics from yfinance). 12 of 12 criteria scored. Not financial advice.
Buy-Now Score
Comparative rank: 40% Quality + 30% Trajectory + 30% Valuation — higher = better buy now. Not financial advice.
Valuation
DCF: 11% start growth → 2.5%, 11.5% discount (band $288.51–$454.48). Analyst: 33 analysts. MarketGist fair = 80% analyst + 20% DCF. Not financial advice.
Key Trends (6-yr)
Company Overview
Basic Information
Company Details
Business Description
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.
Key Metrics
Price & Valuation
Profitability
Financial Health
Trading & Analyst Info
52-Week Range
Analyst Recommendations
Price graph
Price vs Rates, Inflation & Volume (long-term)
Fundamental Trends
Quarterly Verdict
Heuristic from the Quality Scorecard + quarter-over-quarter trends. Not financial advice.
Financial Statements
Income Statement (Annual)
| Item | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $4.86M | $-196.40M | $-1.60M | $-8.40M |
| Tax Rate For Calcs | $0.18 | $0.20 | $0.20 | $0.21 |
| Normalized EBITDA | $9.79B | $8.94B | $7.79B | $7.02B |
| Total Unusual Items | $27.00M | $-982.00M | $-8.00M | $-40.00M |
| Total Unusual Items Excluding Goodwill | $27.00M | $-982.00M | $-8.00M | $-40.00M |
| Net Income From Continuing Operation Net Minority Interest | $7.13B | $5.56B | $5.43B | $4.76B |
| Reconciled Depreciation | $818.00M | $857.00M | $872.00M | $856.00M |
| Reconciled Cost Of Revenue | $1.89B | $1.67B | $1.65B | $1.48B |
| EBITDA | $9.81B | $7.96B | $7.78B | $6.98B |
| EBIT | $9.00B | $7.10B | $6.91B | $6.12B |
| Net Interest Income | $1.00M | $172.00M | $156.00M | $-51.00M |
| Interest Expense | $263.00M | $169.00M | $113.00M | $112.00M |
| Interest Income | $264.00M | $341.00M | $269.00M | $61.00M |
| Normalized Income | $7.11B | $6.35B | $5.43B | $4.79B |
| Net Income From Continuing And Discontinued Operation | $7.13B | $5.56B | $5.43B | $4.76B |
Showing 15 of 51 rows
Balance Sheet (Annual)
| Item | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| Treasury Shares Number | $188.00M | $160.00M | $146.00M | $139.00M | N/A |
| Ordinary Shares Number | $413.00M | $441.00M | $455.00M | $462.00M | N/A |
| Share Issued | $601.00M | $601.00M | $601.00M | $601.00M | N/A |
| Net Debt | $779.00M | N/A | N/A | N/A | $279.00M |
| Total Debt | $6.65B | $6.06B | $4.08B | $4.63B | N/A |
| Tangible Book Value | $-1.73B | $535.00M | $2.62B | $-185.00M | N/A |
| Invested Capital | $17.83B | $19.73B | $20.15B | $18.18B | N/A |
| Working Capital | $-37.00M | $711.00M | $2.83B | $868.00M | N/A |
| Net Tangible Assets | $-1.73B | $535.00M | $2.62B | $-185.00M | N/A |
| Capital Lease Obligations | $438.00M | $428.00M | $446.00M | $504.00M | N/A |
| Common Stock Equity | $11.62B | $14.11B | $16.52B | $14.05B | N/A |
| Total Capitalization | $17.83B | $18.23B | $20.15B | $17.68B | N/A |
| Total Equity Gross Minority Interest | $11.62B | $14.11B | $16.52B | $14.05B | N/A |
| Stockholders Equity | $11.62B | $14.11B | $16.52B | $14.05B | N/A |
| Gains Losses Not Affecting Retained Earnings | $-245.00M | $-201.00M | $-285.00M | $-293.00M | N/A |
Showing 15 of 80 rows
Cash Flow Statement (Annual)
| Item | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 |
|---|---|---|---|---|---|
| Free Cash Flow | $9.85B | $7.87B | $6.94B | $7.40B | N/A |
| Repurchase Of Capital Stock | $-11.28B | $-9.50B | $-4.40B | $-6.55B | N/A |
| Repayment Of Debt | $-1.50B | $0.00 | $-500.00M | $0.00 | N/A |
| Issuance Of Debt | $2.00B | $2.00B | $0.00 | $0.00 | N/A |
| Issuance Of Capital Stock | $348.00M | $361.00M | $314.00M | $278.00M | N/A |
| Capital Expenditure | $-179.00M | $-183.00M | $-360.00M | $-442.00M | N/A |
| Interest Paid Supplemental Data | $246.00M | $143.00M | $106.00M | $103.00M | N/A |
| Income Tax Paid Supplemental Data | $2.22B | $1.73B | $1.85B | $778.00M | N/A |
| End Cash Position | $5.43B | $7.61B | $7.14B | $4.24B | N/A |
| Beginning Cash Position | $7.61B | $7.14B | $4.24B | $3.84B | N/A |
| Effect Of Exchange Rate Changes | $34.00M | $-9.00M | $9.00M | $-51.00M | N/A |
| Changes In Cash | $-2.22B | $481.00M | $2.90B | $443.00M | N/A |
| Financing Cash Flow | $-11.06B | $-7.72B | $-5.18B | $-6.83B | N/A |
| Cash Flow From Continuing Financing Activities | $-11.06B | $-7.72B | $-5.18B | $-6.83B | N/A |
| Net Other Financing Charges | $-624.00M | $-582.00M | $-596.00M | $-553.00M | N/A |
Showing 15 of 57 rows