Adobe Inc. (ADBE)

From the record

Adobe Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Adobe Inc.'s 10 filed years say what it did: revenue went from $5.9 billion in fiscal 2016 to $24 billion in fiscal 2025, up 16.9% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 10 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-11-28, Adobe Inc.'s diluted share count shrank about 3.2% a year, and dividends and buybacks returned about 99% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 20 sales and 1 purchase of their own stock on the open market in the year to 2026-10-19, buying about $2 million (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-11-28, Adobe Inc. earned about 61 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 72 cents per dollar of everything the company owns. Leverage: it owed about 61 cents per dollar of assets, and net share issuance: its share count shrank 5.0% over the year (the filed statements).

From the record

Adobe Inc.'s standing among 218 graded names in its industry family: revenue of $24 billion in fiscal 2025 ranks in the top 2% by size; a net margin of 30% ranks in the top 7%; revenue growth of 10.6% a year over the last 3 filed years ranks in the bottom 47% (its annual reports).

From the record

Adobe Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Narayen, Shantanu (Chair and CEO, as filed), filing under that title since 2008-01-28, 18.8 years (top 3% of its family); the 19 officers and directors filing in the last fifteen months have been on the record a median of 6.9 years (top 25%); 13 officer or director changes were reported on Form 8-K since 2023-11-13, against the 19 people in charge now (bottom 30%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Adobe Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $5.4 billion against debt of $6.2 billion leaves -2.6% of its assets as net cash, bottom 18% of its family; cash from operations less capital spending is 41.4% of revenue (top 4%); a gross margin of 89.3% (top 4%) (its annual report).

From the record

Adobe Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 10.6% a year over the last three filed years against 16.9% over all 10, slowing (bottom 46% of its family); the newest year grew 10.6% (bottom 42%); capital spending grew -26.1% a year (bottom 20%) (its annual reports). Adobe Inc. reported 3 lines of business in fiscal 2025: Digital Media at $18 billion (74%), Digital Experience at $5.9 billion (25%), Publishing and Advertising at $256 million (1%); 2 of 3 grew against the year before (its annual report).

From the record

Adobe Inc.'s newest year against its own record: revenue of $24 billion in fiscal 2025 came in 0% below the $24 billion its prior three years' pace pointed to (top 47% of its family); net income of $7.1 billion against a prior three-year average of $5.2 billion (bottom 47%); a net margin of 30% against 26.9% before (bottom 37%) (its annual reports).