“Adobe Inc.”
🐂 Bull
- Recurring software revenue tends to be sticky
- Free cash flow $9.9B = 41% of FY revenue
- 35% GAAP operating margin last quarter
🐻 Bear
- Competition and AI disruption can compress pricing
- Stock comp $1.9B = 8% of FY revenue
What changed
Quarter revenue $6.8B, +13% YoY; operating income $2.4B vs $2.2B a year ago (+8.3%).
ADBE · Adobe Inc.
Software & Internet · ◆ Epic · Power 86/100 · CIK 0000796343
What it does
Adobe Inc. is a software & internet company (services-prepackaged software) headquartered in CA, reporting $23.8B of revenue in its fiscal year ended 2025-11-28. Last quarter revenue moved +13% year over year with a 35% operating margin.
Auto-written from filing data.
What changed
10-Q for the period ending 2026-08-28, filed 2026-09-22 0000796343-26-000156
Quarter revenue $6.8B, +13% YoY; operating income $2.4B vs $2.2B a year ago (+8.3%).
- Revenue (qtr to 2026-08-28): $6.8B (+13% YoY) 0000796343-26-000156
- Operating income (qtr to 2026-08-28): $2.4B (+8.3% YoY) 0000796343-26-000156
- Operating cash flow (FY to 2025-11-28): $10.0B (+25% YoY) 0000796343-26-000003
🐂 Bull case
- Recurring software revenue tends to be sticky
- Free cash flow $9.9B = 41% of FY revenue 0000796343-26-000003
- 35% GAAP operating margin last quarter 0000796343-26-000156
🐻 Bear case
- Competition and AI disruption can compress pricing
- Stock comp $1.9B = 8% of FY revenue 0000796343-26-000003
🚩 Red flags
- None triggered by our rules this period.
⚡ ADBE event cards
10-year history PRO
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How the power level is computed
Power (0–100) = Growth 25 × clip(quarter revenue YoY ÷ 30%) + Profit 25 × clip(quarter GAAP operating margin ÷ 30%) + Cash 20 × clip(FY free cash flow ÷ FY revenue ÷ 25%) + Fortress 15 (full if cash + short-term investments ≥ debt, else 15 × clip(1 − net debt ÷ FY revenue); half if debt isn't tagged) + Dilution 15 (full if diluted shares flat/down YoY, 0 at +5%). Missing inputs get half credit. Banks and insurers get a Financials frame: their score isn't comparable.
Not investment advice. Ticker Card summarizes public SEC EDGAR filings, which can be restated or late. No stock prices. Every number cites the filing's accession number. Source: SEC EDGAR.