Adobe Inc

ADBE

Equity

ISIN null / Valor 903472

NASDAQ (2026-02-19)

USD 259.21-1.50%

Adobe Inc
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About company

Adobe Inc., a pioneering company in the digital software industry, has significantly shaped the landscape of digital creativity, document management, and digital marketing solutions over its 40-year history. The company is renowned for its comprehensive suite of products that cater to a wide range of users, from individual creatives and students to small businesses and large enterprises. Adobe's flagship offerings include the Adobe Creative Cloud, a collection of tools and services for digital content creation; Adobe Document Cloud, which facilitates document productivity and management; and Adobe Experience Cloud, designed to empower businesses with end-to-end digital marketing solutions. Additionally, Adobe is at the forefront of integrating artificial intelligence into its products through Adobe Sensei and Adobe Firefly, enhancing user experience with features that boost efficiency, creativity, and personalization. This strategic focus on innovation and AI underscores Adobe's commitment to driving the future of digital experiences.

Summarized from source with an LLMView SourceSector: Technology

Q4 revenue and earnings

Q4 FY2025 revenue was $6.19B (+10% YoY). GAAP diluted EPS was $4.45 and non‑GAAP diluted EPS was $5.50. GAAP operating income was $2.26B; non‑GAAP operating income was $2.82B.

Q4 income and cash flow

GAAP net income for Q4 was $1.86B (non‑GAAP net income $2.29B). Operating cash flow in the quarter was a record $3.16B.

Full‑year FY2025 results

FY2025 revenue was $23.77B (+11% YoY). GAAP diluted EPS for the year was $16.70 (non‑GAAP $20.94). Adobe generated $10.03B in operating cash flow for FY2025.

ARR and revaluation

Total Adobe Annualized Recurring Revenue (ARR) exiting FY2025 was $25.20B (11.5% YoY growth); Adobe revalued ending ARR to $25.66B entering FY2026 (a $460M increase, primarily FX‑driven).

Segment performance

Digital Media revenue in Q4 was $4.62B (+11% YoY) and for FY2025 was $17.65B (+11% YoY). Digital Experience revenue in Q4 was $1.52B (+9% YoY) and FY2025 was $5.86B (+9% YoY).

Customer group subscription trends

Total customer group subscription revenue in Q4 was $5.96B (+12% YoY). Business Professionals & Consumers subs were $1.72B in Q4 (+15% YoY); Creative & Marketing Professionals subs were $4.25B in Q4 (+11% YoY).

Capital allocation

Adobe repurchased ≈7.2 million shares in Q4 and ≈30.8 million shares during FY2025.

FY2026 and Q1 FY2026 targets

Adobe targets FY2026 total revenue of $25.90B–$26.10B, Total Adobe ending ARR growth of ~10.2% YoY, GAAP EPS $17.90–$18.10 and non‑GAAP EPS $23.30–$23.50. Q1 FY2026 guidance: revenue $6.25B–$6.30B, GAAP EPS $4.55–$4.60, non‑GAAP EPS $5.85–$5.90.

Reporting change and AI focus

Beginning FY2026, Adobe will focus reporting and guidance on customer group subscription revenue and total company ending ARR (while still disclosing Digital Media/Digital Experience subscription revenue). Management emphasized AI-driven product adoption as a key growth driver going forward.

Summarized from source with an LLMView Source

Key figures

-43.3%1Y

-27.4%3Y

-45.9%5Y

Performance

33.0%1Y

34.0%3Y

35.9%5Y

Volatility