Market Summary
USD373.15-1.81
Market Closed-0.48%
ADBE Alerts
ADBE Stock Price
ADBE RSI Chart
ADBE Valuation
ADBE Price/Sales (Trailing)
ADBE Profitability
ADBE Fundamentals
ADBE Revenue
ADBE Earnings
Price Action
52 Week Range
274.73473.49
(Low)(High)
Last 7 days
6.1%
Last 30 days
7.5%
Last 90 days
10.8%
Trailing 12 Months
-13.2%
ADBE Financial Health
ADBE Investor Care
Peers (Alternatives to Adobe)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.1T | 204.1B | 11.55% | -7.07% | 30.51 | 10.08 | 10.38% | -5.25% |
ORCL | 242.9B | 46.1B | 1.96% | 8.47% | 27.61 | 5.27 | 11.29% | -14.28% |
CRM | 190.7B | 31.4B | 16.34% | -11.18% | 916.76 | 6.08 | 19.41% | -85.60% |
ADBE | 172.4B | 17.6B | 7.52% | -13.23% | 36.25 | 9.79 | 11.54% | -1.37% |
ZM | 20.3B | 4.4B | -5.93% | -41.37% | 195.4 | 4.61 | 7.15% | -92.46% |
AZPN | 12.1B | - | -7.60% | 30.28% | 44.35 | 17.39 | - | - |
| MID-CAP | ||||||||
PLAN | 9.6B | - | -1.97% | 16.85% | -45.68 | 15.19 | - | - |
MANH | 9.2B | 767.1M | 3.22% | 4.63% | 71.51 | 12.02 | 15.59% | 16.73% |
GWRE | 6.4B | 869.9M | 7.80% | -18.19% | -32.11 | 7.33 | 13.87% | -103.37% |
APPN | 2.9B | 468.0M | -7.97% | -36.63% | -19.51 | 6.29 | 26.74% | -70.26% |
PING | 2.4B | 308.3M | 1.17% | 7.67% | -23.16 | 7.93 | 13.75% | -237.98% |
| SMALL-CAP | ||||||||
ZUO | 1.2B | 383.7M | 7.01% | -39.43% | -9.85 | 3.22 | 14.43% | -50.89% |
YEXT | 1.1B | 399.9M | 31.21% | 29.01% | -13.97 | 2.84 | 4.73% | 8.15% |
UPLD | 136.0M | 317.3M | -51.83% | -75.83% | -1.99 | 0.43 | 5.06% | -17.52% |
Financials for Adobe
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | 2.4% | 17,606 | 17,191 | 16,693 | 16,142 | 15,785 |
| Cost Of Revenue | 2.9% | 2,165 | 2,104 | 2,025 | 1,930 | 1,865 |
| Gross Profit | 2.3% | 15,441 | 15,087 | 14,668 | 14,212 | 13,920 |
| Operating Expenses | 3.9% | 9,343 | 8,993 | 8,617 | 8,284 | 8,118 |
| S&GA Expenses | 3.5% | 4,968 | 4,802 | 4,604 | 4,430 | 4,321 |
| EBITDA | 0.9% | 6,976 | 6,917 | 6,855 | - | - |
| EBITDA Margin | -1.5% | 0.40* | 0.40* | 0.41* | - | - |
| Earnings Before Taxes | 0.8% | 6,008 | 5,959 | 5,921 | 5,815 | 5,705 |
| EBT Margin | -1.6% | 0.34* | 0.35* | 0.35* | - | - |
| Interest Expenses | 0% | 112 | 112 | 111 | 111 | 113 |
| Net Income | -1.2% | 4,756 | 4,813 | 4,889 | 4,827 | 4,822 |
| Net Income Margin | -3.5% | 0.27* | 0.28* | 0.29* | - | - |
| Free Cahsflow | 3.7% | 7,396 | 7,129 | 6,859 | - | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 1.6% | 27,165 | 26,744 | 26,326 | 25,976 | 27,241 |
| Current Assets | 6.0% | 8,996 | 8,489 | 7,908 | 7,476 | 8,669 |
| Cash Equivalents | 9.5% | 4,236 | 3,870 | 3,365 | 2,739 | 3,844 |
| Net PPE | 2.7% | 1,908 | 1,858 | 1,790 | 1,703 | 1,673 |
| Goodwill | 0.2% | 12,787 | 12,760 | 12,800 | 12,800 | 12,668 |
| Liabilities | 6.0% | 13,114 | 12,371 | 12,341 | 12,201 | 12,444 |
| Current Liabilities | 9.3% | 8,128 | 7,438 | 7,385 | 7,197 | 6,932 |
| Long Term Debt | 0.1% | 3,629 | 3,627 | 3,627 | 3,626 | 4,123 |
| Shareholder's Equity | -2.2% | 14,051 | 14,373 | 13,985 | 13,775 | 14,797 |
| Retained Earnings | 4.3% | 28,319 | 27,158 | 26,022 | 24,961 | 23,905 |
| Additional Paid-In Capital | 3.4% | 9,868 | 9,548 | 9,102 | 8,750 | 8,428 |
| Shares Outstanding | -1.1% | 462 | 467 | 471 | 472 | 475 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 3.4% | 7,838 | 7,579 | 7,279 | 7,227 | 7,230 |
| Share Based Compensation | 9.0% | 1,440 | 1,321 | 1,223 | 1,131 | 1,069 |
| Cashflow From Investing | 74.6% | -570 | -2,240 | -2,270 | -2,239 | -3,537 |
| Cashflow From Financing | -13.9% | -6,825 | -5,992 | -5,831 | -5,661 | -4,301 |
| Buy Backs | 12.9% | 6,550 | 5,800 | 5,600 | 5,400 | 3,950 |
Risks for ADBE
What is the probability of a big loss on ADBE?
58.9%
Probability that Adobe stock will be more than 20% underwater in next one year
22.7%
Probability that Adobe stock will be more than 30% underwater in next one year.
16.9%
Probability that Adobe stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does ADBE drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Adobe was unfortunately bought at previous high price.
Drawdowns
Returns for ADBE
Cumulative Returns on ADBE
24.3%
10-Year Cumulative Returns
22.1%
7-Year Cumulative Returns
11.8%
5-Year Cumulative Returns
6.6%
3-Year Cumulative Returns
What are the long-term rolling returns for ADBE?
FIve years rolling returns for Adobe.
Annualized Returns
Which funds bought or sold ADBE recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-24 | PALISADE CAPITAL MANAGEMENT, LP | reduced | -6.54 | 540,757 | 4,325,760 | 0.12% |
2023-03-24 | Longbow Finance SA | new | - | 6,820,450 | 6,820,450 | 0.92% |
2023-03-24 | Freemont Management S.A. | unchanged | - | 429,710 | 2,355,710 | 0.37% |
2023-03-23 | ETF MANAGERS GROUP, LLC | added | 3.79 | 110,987 | 524,987 | 0.03% |
2023-03-23 | MetLife Investment Management, LLC | reduced | -2.78 | 7,478,010 | 47,081,200 | 0.38% |
2023-03-17 | American Portfolios Advisors | added | 0.54 | -1,336,980 | 4,139,280 | 0.17% |
2023-03-15 | B. Riley Wealth Advisors, Inc. | reduced | -5.71 | 868,498 | 6,551,500 | 0.18% |
2023-03-13 | Claro Advisors LLC | added | 30.09 | 71,105 | 432,105 | 0.14% |
2023-03-10 | MATHER GROUP, LLC. | added | 14.17 | 588,126 | 2,072,130 | 0.04% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -4.04 | 21,973,700 | 148,614,000 | 0.16% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
ADBE Alerts
Adobe News
Schedule 13G FIlings of Adobe
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 8.48% | 39,402,963 | SC 13G/A | |
| Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
| Feb 06, 2023 | blackrock inc. | 7.9% | 36,910,590 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 8.08% | 38,433,923 | SC 13G/A | |
| Feb 09, 2022 | fmr llc | - | 0 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.9% | 37,526,571 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 7.98% | 38,284,290 | SC 13G/A | |
| Feb 08, 2021 | fmr llc | - | 0 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 7.9% | 37,765,781 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 7.96% | 38,580,076 | SC 13G/A |
ADBE Fair Value
Adobe fair value in different scenarios
The table shows the Fair Value estimates for Adobe for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 318.15 -14.74% | 421.03 12.83% | 590.33 58.20% | 863.99 131.54% | 1025.85 174.92% |
| Current Inflation | 287.16 -23.04% | 373.91 0.20% | 513.47 37.60% | 739.92 98.29% | 872.53 133.83% |
| Very High Inflation | 249.58 -33.12% | 317.91 -14.80% | 424.40 13.73% | 598.60 60.42% | 699.27 87.40% |
Historical Adobe Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Adobe
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 21, 2023 | 4 | Insider Trading | |
| Mar 21, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 16, 2023 | 4 | Insider Trading | |
| Mar 15, 2023 | 8-K | Current Report | |
| Mar 03, 2023 | DEFA14A | DEFA14A | |
| Mar 03, 2023 | DEF 14A | DEF 14A | |
| Mar 03, 2023 | ARS | ARS | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Feb 16, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for ADBE
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-17 | WARNOCK JOHN E | sold | -536,865 | 357 | -1,500 | - |
2023-03-17 | Garfield Mark S. | sold | -46,831 | 354 | -132 | svp & cao |
2023-03-15 | Garfield Mark S. | acquired | - | - | 520 | svp & cao |
2023-03-15 | Garfield Mark S. | sold (taxes) | -85,737 | 333 | -257 | svp & cao |
2023-03-14 | Wadhwani David | sold (taxes) | -319,330 | 333 | -958 | president, digital media |
2023-03-14 | Wadhwani David | acquired | - | - | 1,933 | president, digital media |
2023-02-28 | Chen Gloria | sold (taxes) | -35,634 | 323 | -110 | evp, chief people officer |
2023-02-28 | Chen Gloria | acquired | - | - | 223 | evp, chief people officer |
2023-02-15 | Durn Daniel | acquired | - | - | 3,836 | evp & cfo |
2023-02-15 | Durn Daniel | sold (taxes) | -754,888 | 375 | -2,008 | evp & cfo |
Adobe Inc. operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products. This segment serves content creators, workers, marketers, educators, enthusiasts, communicators, and consumers. The Digital Experience segment provides an integrated platform and set of applications and services 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 products and services, such as e-learning solutions, technical document publishing, web conferencing, document and forms platform, web application development, and high-end printing, as well as Advertising Cloud offerings. The company offers its products and services directly to enterprise customers through its sales force and local field offices, as well as to end users through app stores and through its website at adobe.com. It also distributes products and services through a network of distributors, value-added resellers, systems integrators, software vendors and developers, retailers, and original equipment manufacturers. 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.
ADBE Income Statement
2022-12-02Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 02, 2022 | Dec. 03, 2021 | Nov. 27, 2020 | |
| Revenue: | |||
| Subscription | $ 16,388 | $ 14,573 | $ 11,626 |
| Product | 532 | 555 | 507 |
| Services and other | 686 | 657 | 735 |
| Total revenue | 17,606 | 15,785 | 12,868 |
| Cost of revenue: | |||
| Subscription | 1,646 | 1,374 | 1,108 |
| Product | 35 | 41 | 36 |
| Services and other | 484 | 450 | 578 |
| Total cost of revenue | 2,165 | 1,865 | 1,722 |
| Gross profit | 15,441 | 13,920 | 11,146 |
| Operating expenses: | |||
| Research and development | 2,987 | 2,540 | 2,188 |
| Sales and marketing | 4,968 | 4,321 | 3,591 |
| General and administrative | 1,219 | 1,085 | 968 |
| Amortization of intangibles | 169 | 172 | 162 |
| Total operating expenses | 9,343 | 8,118 | 6,909 |
| Operating income | 6,098 | 5,802 | 4,237 |
| Non-operating income (expense): | |||
| Interest expense | (112) | (113) | (116) |
| Investment gains (losses), net | (19) | 16 | 13 |
| Other income (expense), net | 41 | 0 | 42 |
| Total non-operating income (expense), net | (90) | (97) | (61) |
| Income before income taxes | 6,008 | 5,705 | 4,176 |
| Provision for (benefit from) income taxes | 1,252 | 883 | (1,084) |
| Net income | $ 4,756 | $ 4,822 | $ 5,260 |
| Basic net income per share | $ 10.13 | $ 10.10 | $ 10.94 |
| Shares used to compute basic net income per share | 469.5 | 477.3 | 480.9 |
| Diluted net income per share | $ 10.10 | $ 10.02 | $ 10.83 |
| Shares used to compute diluted net income per share | 470.9 | 481.0 | 485.5 |
ADBE Balance Sheet
2022-12-02Consolidated Balance Sheets - USD ($) $ in Millions | Dec. 02, 2022 | Dec. 03, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 4,236 | $ 3,844 |
| Short-term investments | 1,860 | 1,954 |
| Trade receivables, net of allowances for doubtful accounts of $23 and $16, respectively | 2,065 | 1,878 |
| Prepaid expenses and other current assets | 835 | 993 |
| Total current assets | 8,996 | 8,669 |
| Property and equipment, net | 1,908 | 1,673 |
| Operating lease right-of-use assets, net | 407 | 443 |
| Goodwill | 12,787 | 12,668 |
| Other intangibles, net | 1,449 | 1,820 |
| Deferred income taxes | 777 | 1,085 |
| Other assets | 841 | 883 |
| Total assets | 27,165 | 27,241 |
| Current liabilities: | ||
| Trade payables | 379 | 312 |
| Accrued expenses | 1,790 | 1,736 |
| Debt | 500 | 0 |
| Deferred revenue | 5,297 | 4,733 |
| Income taxes payable | 75 | 54 |
| Operating lease liabilities | 87 | 97 |
| Total current liabilities | 8,128 | 6,932 |
| Long-term liabilities: | ||
| Debt | 3,629 | 4,123 |
| Deferred revenue | 117 | 145 |
| Income taxes payable | 530 | 534 |
| Operating lease liabilities | 417 | 453 |
| Other liabilities | 293 | 257 |
| Total liabilities | 13,114 | 12,444 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Preferred stock, $0.0001 par value; 2 shares authorized; none issued | 0 | 0 |
| Common stock, $0.0001 par value; 900 shares authorized; 601 shares issued; 462 and 475 shares outstanding, respectively | 0 | 0 |
| Additional paid-in-capital | 9,868 | 8,428 |
| Retained earnings | 28,319 | 23,905 |
| Accumulated other comprehensive income (loss) | (293) | (137) |
| Treasury stock, at cost (139 and 126 shares, respectively) | (23,843) | (17,399) |
| Total stockholders' equity | 14,051 | 14,797 |
| Total liabilities and stockholders' equity | $ 27,165 | $ 27,241 |