Adobe Inc. (ADBE) Stock Price & Analysis
Adobe Inc. (ADBE) closed at USD 270.55 on Thursday, October 22, 2026, up 6.07% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 255.06; the Oct 22, 2026 session ranged USD 256.7–272.1 on volume of 6,847,646 shares. Market capitalization is $105.30B, with a 52-week range of USD 190.12–363.7 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ADBE.md
Key facts (ADBE)
- Last four reported quarters (through Aug 28, 2026): revenue $26.0B, net income $7.28B (28.0% margin), free cash flow $10.6B (SEC filings).
- 10 of 80 tracked superinvestors hold ADBE (13F, Q2 2026): 0 new, 6 added, 3 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $50.2M; 5 not under a Rule 10b5-1 plan ($50.2M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $1.9M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.85 on a 1–5 scale) (39 analysts), mean target USD 272.31 (range 195–373).
- Total return with dividends: 1Y -23.6% vs S&P 500 +14.9%; 5Y -58.0% vs S&P 500 +80.3%.
- Next earnings: 2026-12-09, EPS estimate USD 6.33, revenue estimate $6.83B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ADBE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $15.8B | $17.6B | $19.4B | $21.5B | $23.8B | $26.0B |
| Gross profit | $13.9B | $15.4B | $17.1B | $19.1B | $21.2B | — |
| Operating income | $5.80B | $6.10B | $6.65B | $6.74B | $8.71B | $9.27B |
| Net income | $4.82B | $4.76B | $5.43B | $5.56B | $7.13B | $7.28B |
| EPS (diluted) | $10.02 | $10.10 | $11.82 | $12.36 | $16.70 | — |
| Free cash flow | $6.88B | $7.40B | $6.94B | $7.87B | $9.85B | $10.6B |
| Gross margin | 88.2% | 87.7% | 87.9% | 89.0% | 89.3% | — |
| Operating margin | 36.8% | 34.6% | 34.3% | 31.3% | 36.6% | 35.7% |
| Net margin | 30.5% | 27.0% | 28.0% | 25.9% | 30.0% | 28.0% |
| Revenue growth | +22.7% | +11.5% | +10.2% | +10.8% | +10.5% | — |
| Cash + short-term investments | $5.80B | $6.10B | $7.84B | $7.89B | $6.59B | — |
| Total debt | $4.12B | $4.13B | $3.63B | $5.63B | $6.21B | — |
Fiscal years end Nov. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Aug 28, 2026) (ADBE)
P/E at fiscal year-ends: Nov 2025 19.2x, Nov 2024 41.7x, Dec 2023 50.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (ADBE)
10 of 80 tracked investors hold ADBE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Hillman Capital | Hillman Capital Management | 2.57% | $3.5M | Added +6.7% |
| Samantha McLemore | Patient Capital Management | 2.46% | $74.0M | Added +21.5% |
| Bill Nygren | Oakmark Funds | 0.77% | $580M | Added +23.3% |
| Dodge & Cox Funds | Dodge & Cox | 0.33% | $639M | Added +24.8% |
| Jensen Investment Management | 0.17% | $6.9M | Reduced -0.8% | |
| Christopher Davis | Davis Advisors | 0.06% | $13.9M | Added +50.4% |
| Lindsell Train | 0.05% | $1.4M | Unchanged | |
| Polen Capital | Polen Capital Management | 0.01% | $1.6M | Reduced -36.1% |
| Richard Pzena | Pzena Investment Management | <0.01% | $224K | Added +8.3% |
| Mairs & Power | Mairs & Power Funds | <0.01% | $404K | Reduced -2.0% |
Insider sales (SEC Form 4, open-market, last ~7 months) (ADBE)
0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-16…2026-09-17 | Narayen Shantanu | Chair and CEO | 125,000 | $31.3M | 34.3% | No | Too little history (no open-market trades in 2025) |
| 2026-07-29 | Forusz Jillian | SVP & CAO | 416 | $110K | 9.8% | No | Too little history (no open-market trades in 2023) |
| 2026-04-30 | Forusz Jillian | SVP & CAO | 755 | $186K | 17.7% | No | Too little history (no open-market trades in 2023) |
| 2026-04-28 | Narayen Shantanu | Chair and CEO | 75,000 | $18.3M | 17.2% | No | Too little history (no open-market trades in 2025) |
| 2026-04-20 | Durn Daniel | EVP & CFO | 1,336 | $331K | 3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (ADBE)
1 purchase, $1.9M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-25 | Ricks David A | Director | 10,000 | $1.9M | 194.51 | Too little history (no open-market trades in 2023 or 2024) |
Analysts (ADBE)
Consensus Hold (mean 2.85 on a 1–5 scale), 39 analysts; mean target USD 272.31 (low 195, high 373).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | HSBC | Downgrade | Buy → Hold | $310 → $267 |
| 2026-10-12 | Wells Fargo | Downgrade | Overweight → Underweight | $270 → $225 |
| 2026-09-14 | DA Davidson | Target raised | Buy | $250 → $290 |
| 2026-09-11 | Citigroup | Target lowered | Neutral | $301 → $250 |
| 2026-09-11 | JP Morgan | Target lowered | Overweight | $340 → $315 |
| 2026-09-11 | Jefferies | Target lowered | Hold | $285 → $275 |
| 2026-09-11 | TD Cowen | Reiterated | Hold | $245 |
| 2026-09-11 | Evercore ISI Group | Target raised | In-Line | $225 → $250 |
| 2026-09-11 | Wells Fargo | Target raised | Overweight | $250 → $270 |
| 2026-09-11 | UBS | Target raised | Neutral | $225 → $255 |
| 2026-09-11 | RBC Capital | Reiterated | Outperform | $315 |
| 2026-09-11 | Citizens | Reiterated | Market Perform |
Total return (dividends reinvested) (ADBE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -23.6% | -58.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -23.7% | -15.9% |
| Volatility (annualized) | 41.8% | 39.8% |
| Max drawdown | -46.3% (Oct 2025→Jun 2026) | -71.7% (Nov 2021→Jun 2026) |
ADBE revenue by product line (quarter ended Aug 28, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subscription | $6.58B | 97.4% | +13.7% |
| Services and other | $111.0M | 1.6% | -14.0% |
| Product | $67.0M | 1.0% | -1.5% |
| Total revenue | $6.76B | 100% | — |
ADBE revenue by region (quarter ended Aug 28, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $3.97B | 58.8% | +11.8% |
| EMEA | $1.85B | 27.4% | +16.8% |
| APAC | $934.0M | 13.8% | +10.3% |
| Total revenue | $6.76B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
Companies that name ADBE in their SEC reports
| Relationship to ADBE | Company | Filing | Sentence |
|---|---|---|---|
| supplier | Axonex AI Group Ltd (AXNX) | 20-F Aug 14, 2026 | “The design proposals are first presented to our customers in the form of a two-dimensional drawing executed by software, namely Adobe and AutoCAD, for their consideration.” |
| supplier | NEWS CORP (NWSA) | 10-K Aug 7, 2026 | “(1)Includes visits via websites and mobile apps from individual consumers and enterprise customers based on Adobe Analytics for the 12 months ended June 30, 2026.” |
| competitor | OPEN TEXT CORP (OTEX) | 10-K Aug 6, 2026 | “We compete with large enterprise technology providers, including International Business Machines Corporation (IBM), Microsoft Corporation (Microsoft), Oracle Corporation (Oracle) and ServiceNow, Inc. (ServiceNow), as well as with specialized software vendors such as Box, Inc., Hyland Software, Inc., Atlassian Corporation, Gen Digital Inc. and Adobe Inc. In certain markets, OpenText competes with Microsoft, who is …” |
| supplier | HDFC BANK LTD (HDB) | 20-F Jul 29, 2026 | “We offer these services to customers through multiple distribution channels: internet banking, mobile banking, phone banking, Sprinkler, Mycards and Adobe.” |
| competitor | Digital Turbine, Inc. (APPS) | 10-K May 26, 2026 | “•We compete with other DSP providers, some of which are smaller, privately held companies, while others are large, well-established companies such as the Trade Desk, or divisions of large companies, such as AT&T, Google, and Adobe.” |
| partner | MARCHEX INC (MCHX) | 10-K Mar 26, 2026 | “We have integration partnerships with Adobe, Google, Salesforce, Customer Relationship Management software providers, and other third-party channel partners.” |
| competitor | Braze, Inc. (BRZE) | 10-K Mar 25, 2026 | “We face competition from software companies that offer marketing solutions, such as Adobe, Salesforce, Iterable, and Klaviyo.” |
| supplier | Mountain Lake Acquisition Corp. II (MLAA) | 10-K Mar 20, 2026 | “has invested in and advised on venture exits to a large number of sophisticated acquirers including sales to Adobe, Amazon, Apple, Comcast,” |
| partner | Sprinklr, Inc. (CXM) | 10-K Mar 19, 2026 | “We work with agencies and partners across nine different partner categories, including System Integrators, Transformational partners and Resellers, which includes partners such as Microsoft, Accenture, Deloitte, Salesforce, SAP, ServiceNow, Adobe, Oracle and others.” |
| competitor | DOCUSIGN, INC. (DOCU) | 10-K Mar 18, 2026 | “Our primary global competitor for eSignature is currently Adobe, which offers an electronic signature solution known as Adobe Acrobat Sign.” |
| partner | Getty Images Holdings, Inc. (GETY) | 10-K Mar 16, 2026 | “•In addition to our websites, customers and partners can access and integrate our content, metadata, and search capabilities into their workflows via our APIs, such as through Canva, and through a range of mobile apps and plugins, including Adobe Creative Cloud, WordPress, and other publishing and workflow platforms.” |
| partner | Stagwell Inc (STGW) | 10-K Mar 13, 2026 | “We believe Stagwell is at the forefront of innovating these technologies within our industry, collaborating with companies such as Adobe on AI solutions, and incubating original and proprietary technology to drive business results.” |
| partner | PEARSON PLC (PSO) | 20-F Mar 13, 2026 | “Through portfolio and Certiport assessment capabilities — to expand into adjacent markets such as Certiport, we also forged meaningful enterprise partnerships, engaging students workforce training within higher education. worldwide in Microsoft and Adobe certification competitions.” |
| competitor | PIXELWORKS, INC (PXLW) | 10-K Mar 12, 2026 | “These competitive solutions could come from several sources, including companies that provide solutions for other post-processing needs (such as Dolby Laboratories, Inc., Epic Games, Inc., Unity Technologies, Adobe Inc., Soluciones Gráficas por Ordenador S.L. (SGO), The Foundry Visionmongers Limited, and Autodesk, Inc.) as well as visual effects studios that use digital effects to reduce artifacts before they are …” |
| partner | BOX INC (BOX) | 10-K Mar 9, 2026 | “We have a rich technology partner ecosystem, offering integrations with partners such as Adobe, Apple, Cisco, CrowdStrike, Google, Guidewire, IBM, Microsoft, Okta, Oracle-NetSuite, Palo Alto Networks, Salesforce, ServiceNow, Slack, USDM, Workday, and Zoom.” |
ADBE company outlook (results filed Sep 10, 2026)
- “These amounts could differ from actual reported amounts stated in Adobe's Quarterly Report on Form 10-Q for our fiscal quarter ended Aug. 28, 2026, which Adobe expects to file in Sept. 2026.”
- “Adobe assumes no obligation to, and does not currently intend to, update these forward-looking statements.”
Quoted word-for-word from the SEC 8-K results press release.
ADBE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Nov 2026) | $6.33 | $6.32 | +0.2% | $6.83B | 29 |
| Next quarter (ends Feb 2027) | $6.75 | $6.73 | +0.2% | $7.04B | 26 |
| Current fiscal year (ends Nov 2026) | $24.48 | $24.33 | +0.6% | $26.61B | 35 |
| Next fiscal year (ends Nov 2027) | $27.51 | $27.38 | +0.5% | $29.04B | 37 |
ADBE options: expected move
Options price a move of about ±15.0% (±$40.45) by Dec 18, 2026, which includes earnings on Dec 9, 2026; the earnings reaction alone is priced at about ±7.3%. Over the last 8 reports the stock moved ±7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 49.2% | ±5.9% |
| Nov 6, 2026 | 14 | 47.8% | ±7.8% |
| Nov 13, 2026 | 21 | 45.9% | ±9.1% |
| Nov 20, 2026 | 28 | 44.3% | ±10.0% |
| Nov 27, 2026 | 35 | 42.1% | ±10.6% |
| Dec 4, 2026 | 42 | 41.8% | ±11.5% |
| Dec 18, 2026 | 56 | 47.5% | ±15.0% |
| Jan 15, 2027 | 84 | 44.7% | ±17.3% |
30-day implied volatility 43.7% vs 40.5% realized over the last 30 trading days. Put/call ratio (volume) 0.68. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 270.55 |
|---|---|
| Change | ▲ 6.07% (up) |
| Previous Close | USD 255.06 |
| Open | USD 258.65 |
| Day Range | USD 256.7 – 272.1 |
| 52-Week Range | USD 190.12 – 363.7 |
| Volume | 6,847,646 shares |
| Market Cap | $105.30B |
| Exchange | NMS |
Technical Analysis (ADBE)
Nexqual's technical model rates ADBE "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 63.89 (neutral) |
| vs SMA50 | Above (USD 255.92) |
| MACD | 1.88 (positive) |
Analyst Ratings (ADBE)
Wall Street analysts rate ADBE "Hold" based on 39 analysts, with a mean price target of USD 272.31 (range USD 195–373), per Nexqual as of October 23, 2026 at 09:21 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 39 |
| Mean Target | USD 272.31 |
| High Target | USD 373 |
| Low Target | USD 195 |
| Buy / Hold / Sell | 9 / 24 / 6 |
Earnings (ADBE)
| Next Earnings Date | 2026-12-09 |
|---|---|
| EPS Estimate | USD 6.33 |
| Revenue Estimate | $6.83B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-08-31 | USD 6.13 vs est 6.09 ▲ beat |
| 2026-05-31 | USD 5.96 vs est 5.81 ▲ beat |
| 2026-02-28 | USD 6.06 vs est 5.87 ▲ beat |
| 2025-11-30 | USD 5.5 vs est 5.4 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (ADBE)
| Total Revenue | $25.97B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +12.90% |
| Gross Margin | +89.25% |
| Operating Margin | +34.82% |
| Profit Margin | +28.05% |
| ROE | +61.90% |
| Debt / Equity | 0.58 |
| Current Ratio | 0.77 |
| Total Cash | $5.64B |
| Total Debt | $6.79B |
| Free Cash Flow (last four quarters to Aug 2026, SEC 10-Q / 10-K) | $10.59B (40.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financial Health Score (ADBE)
Nexqual rates Adobe Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:21 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 89%, operating 35% (last 12 months) |
| Balance Sheet | Mixed — $5.64B cash and investments vs $6.36B debt (Aug 2026, SEC) |
| Cash Flow | Strong — FCF $10.6B (last 4 quarters to Aug 2026, SEC), 41% margin |
| Efficiency | Strong — ROE 62%, ROA 20.1% |
Ownership (ADBE)
| Insider Ownership | +0.23% |
|---|---|
| Institutional Ownership | +89.15% |
| Shares Outstanding | 389.20M |
| Float | 388.05M |
| Short % of Float | +5.10% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (ADBE)
Adobe Inc. is led by Shantanu Narayen, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:21 UTC.
| Chairman & CEO | Shantanu Narayen |
|---|---|
| President of Customer Experience Orchestration Business | Anil S. Chakravarthy |
| Interim CFO and Senior VP of Finance, Technology, Security & Operations | Steven Day |
| Vice President of Investor Relations | Douglas G. Clark C.F.A. |
| Chief Marketing Officer & Executive Vice President of Global Marketing | Lara H. Balazs |
Major Backers & Investors (ADBE)
Notable institutional backers of Adobe Inc. include Invesco, Arrowstreet Capital, Limited Partnership, Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Invesco | 3.77% |
| Arrowstreet Capital, Limited Partnership | 1.74% |
| Morgan Stanley | 1.39% |
| Fidelity | 1.35% |
| Primecap Management Company | 1.34% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.57% |
| Vanguard Group | 9.19% |
| State Street | 5.27% |
| Geode Capital | 2.98% |
| Amundi | 1.35% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From Adobe Inc.'s Latest SEC 10-K Filing (filed 2026-01-15)
Key Strengths & Strategy (as disclosed to the SEC)
- To serve the end-to-end content supply chain needs of marketing professionals, our Digital Experience solutions include Adobe Experience Platform and native applications, including Real-Time Customer Data Platform, Customer Journey Analytics, Adobe Experience Manager Sites, Adobe Commerce, Adobe Journey Optimizer, Adobe Marketo Engage and solutions within Adobe GenStudio, such as Workfront, Adobe Experience Manager Assets and GenStudio for Performance Marketing.
- Adobe's integrated solutions, such as GenStudio and Firefly Services, bridge the gap between content creation and marketing execution, enabling seamless collaboration and efficiency across these roles.
- Adobe Stock is built into our apps, including Adobe Photoshop, Adobe Illustrator and Adobe Express, enabling users to search, browse and add assets to their Creative Cloud Libraries and instantly access them across all connected surfaces.
- Adobe's value proposition is to empower creative expression across multiple media types and channels, at scale, in a collaborative and secure environment, with an end-to-end integrated platform spanning ideation, creation, production and activation.
Partnerships
- In collaboration with universities around the world, the Adobe Research team of scientists, engineers, artists and designers are inventing the future of creativity, productivity and customer experiences.
Legal & Regulatory Risks (Item 1A, quoted)
- Risks Related to Laws and Regulations
- We are, and may in the future become, subject to litigation, regulatory inquiries, investigations and other actions, which could result in an unfavorable outcome and have an adverse effect on our business, financial condition, results of operations and cash flows.
- We are subject to risks associated with compliance with laws and regulations globally, which may harm our business.
- Increasing regulatory focus on privacy and security issues and expanding laws and regulatory requirements could impact our business models and expose us to increased liability.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DDOG | Datadog, Inc. | USD 257.75 | ▼ 5.62% |
| CDNS | Cadence Design Systems, Inc. | USD 309.65 | ▼ 5.04% |
| INTU | Intuit Inc. | USD 354.9 | ▲ 5.75% |
| SNOW | Snowflake Inc. | USD 313.96 | ▼ 2.72% |
| ADP | Automatic Data Processing, Inc. | USD 307.94 | ▲ 4.56% |
| UBER | Uber Technologies, Inc. | USD 69.07 | ▲ 2.14% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt