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ADOBE INC.

LISTEDNASDAQ

SYMBOLADBE

SIC7372

STATE OF INC.DE

FISCAL YEAR ENDSNovember 27

CIK796343

SERVICES-PREPACKAGED SOFTWARE · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.

CAPITALIZATION 11/28/25

($ millions)	Amount	%
Total debt	6,210	34.8
Stockholders' equity	11,623	65.2
Total capitalization	17,833	100.0

389,200,000 shares outstanding at 18 September 2026 (cover page of the 10-Q filed 22 September 2026).

LONG-TERM DEBT 11/28/25

($ millions)	Amount
Long-term debt, incl. current maturities	6,210
Current maturities	0

CAPITAL STOCK 11/28/25

Common shares authorized	900,000,000
Common shares issued	601,000,000
Treasury shares	188,000,000
Par or stated value per share ($)	0.0001
Preferred stock ($ millions)	0
Outstanding at 9/18/26	389,200,000

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	–	–
2024	–	–
2023	–	–
2022	–	–
2021	–	–

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as ADOBE SYSTEMS INC (to 3 October 2018).

BUSINESS: Classified by the SEC under Standard Industrial Classification 7372, Services-Prepackaged Software. Large accelerated filer. Principal executive office: 345 Park Ave, San Jose, CA 95110-2704. Fiscal year ends November 27. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	11/28/25	11/29/24	12/1/23
Revenues	23,769	21,505	19,409
Cost of revenues	2,551	2,358	2,354
Gross profit	21,218	19,147	17,055
Depreciation and amortization	818	857	872
Operating income	8,706	6,741	6,650
Interest expense	263	169	113
Income before income taxes	8,734	6,931	6,799
Income taxes	1,604	1,371	1,371
Net income	7,130	5,560	5,428
Earned per share, diluted ($)	16.70	12.36	11.82
Dividends per share ($)	–	–	–

CONSOLIDATED BALANCE SHEET

($ millions)	11/28/25	11/29/24
Cash and equivalents	5,431	7,613
Receivables, net	2,344	2,072
Total current assets	10,163	11,232
Property, plant and equipment, net	1,873	1,936
Goodwill	12,857	12,788
Total assets	29,496	30,230
Total current liabilities	10,200	10,521
Total liabilities	17,873	16,125
Stockholders' equity	11,623	14,105
Total liabilities and equity	29,496	30,230

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Capital expend.	Free cash flow	Total assets	Total liabilities	Total debt	Stockholders' equity	ROE %	Debt / equity
11/28/25	23,769	8,706	7,130	30.0	16.70	–	10,031	179	9,852	29,496	17,873	6,210	11,623	61.3	0.53
11/29/24	21,505	6,741	5,560	25.9	12.36	–	8,056	183	7,873	30,230	16,125	4,129	14,105	39.4	0.29
12/1/23	19,409	6,650	5,428	28.0	11.82	–	7,302	360	6,942	29,779	13,261	3,634	16,518	32.9	0.22
12/2/22	17,606	6,098	4,756	27.0	10.10	–	7,838	442	7,396	27,165	13,114	3,629	14,051	33.8	0.26
12/3/21	15,785	5,802	4,822	30.5	10.02	–	7,230	348	6,882	27,241	12,444	4,123	14,797	32.6	0.28
11/27/20	12,868	4,237	5,260	40.9	10.83	–	5,727	419	5,308	24,284	11,020	4,117	13,264	39.7	0.31
11/29/19	11,171	3,268	2,951	26.4	6.00	–	4,422	395	4,027	20,762	10,232	989	10,530	28.0	0.09
11/30/18	9,030	2,840	2,591	28.7	5.20	–	4,029	267	3,762	18,769	9,407	4,125	9,362	27.7	0.44
12/1/17	7,302	2,168	1,694	23.2	3.38	–	2,913	178	2,735	14,536	6,076	1,882	8,459	20.0	0.22
12/2/16	5,854	1,494	1,169	20.0	2.32	–	2,200	204	1,996	12,697	5,272	1,892	7,425	15.7	0.25

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

ADOBE INC.
CIK 796343 · EIN 77-0019522

PRINCIPAL OFFICE:

345 Park Ave, San Jose, CA 95110-2704
Tel.: 4085366000

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

7372 · Services-Prepackaged Software

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 11/28/25, filed 15 January 2026

FORMER NAMES:

ADOBE SYSTEMS INC

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

9/22/26	10-Q	period 8/28/26
9/10/26	8-K	period 9/10/26
9/8/26	8-K	period 9/2/26
7/17/26	8-K	period 7/14/26
6/15/26	10-Q	period 5/29/26
6/11/26	8-K	period 6/8/26
4/21/26	8-K	period 4/15/26
3/25/26	10-Q	period 2/27/26

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 1/15/26) · 10-K FY2024 (filed 1/13/25) · 10-K FY2023 (filed 1/17/24) · 10-K FY2022 (filed 1/17/23) · 10-K FY2021 (filed 1/21/22) · 10-K FY2020 (filed 1/15/21) · 10-K FY2019 (filed 1/21/20) · 10-K FY2018 (filed 1/25/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.