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.

Adobe Inc.

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Assets	Nov '25	May '25	Nov '24	May '24	Dec '23	Jun '23
Cash and Cash Equivalents	5,431	4,931	7,613	7,660	7,141	5,456
Cash and Cash Equivalents
Short-Term Investments	1,164	782	273	405	701	1,145
Short-Term Investments
Total Cash and Cash Equivalents	6,595	5,713	7,886	8,065	7,842	6,601
Accounts Receivable	2,344	1,735	2,072	1,612	2,224	1,685
Trade Receivables, Net
Total Trade Receivables	2,344	1,735	2,072	1,612	2,224	1,685
Other Current Assets	1,224	1,530	1,274	1,346	1,018	988
Deferred Income Taxes
Prepaid Expenses and Other Current Assets
Total Current Assets	10,163	8,978	11,232	11,023	11,084	9,274
Total Current Assets
Net Property, Plant & Equipment	2,185	2,149	2,217	2,350	2,388	2,421
Property and Equipment, Net
Operating Lease Right-of-Use Assets, Net
Net Intangible Assets	495	631	782	933	1,088	1,258
Other Intangibles, Net
Goodwill	12,857	12,830	12,788	12,803	12,805	12,796
Goodwill
Other Long-Term Assets	3,796	3,519	3,211	2,898	2,414	2,089
Investment in Lease Receivable
Deferred Income Taxes
Other Assets
Total Assets	29,496	28,107	30,230	30,007	29,779	27,838
Total Assets

Liabilities	Nov '25	May '25	Nov '24	May '24	Dec '23	Jun '23
Accounts Payable	417	360	361	357	314	346
Trade Payables
Accrued Expenses	2,648	2,256	2,336	1,899	1,942	1,786
Accrued Expenses and Other Current Liabilities
Short-Term Debt	—	—	1,499	1,498	—	—
Debt
Current Portion of Leases	77	74	75	67	73	74
Operating Lease Liabilities
Unearned Revenue	6,905	6,220	6,131	5,558	5,837	5,265
Deferred Revenue
Other Current Liabilities	153	129	119	95	85	548
Accrued Restructuring
Income Taxes Payable
Total Current Liabilities	10,200	9,039	10,521	9,474	8,251	8,019
Total Current Liabilities
Long-Term Debt	6,210	6,166	4,129	4,127	3,634	3,631
Debt
Leases	361	323	353	398	373	408
Operating Lease Liabilities
Other Long-Term Liabilities	1,102	1,131	1,122	1,165	1,003	942
Deferred Revenue
Accrued Restructuring
Income Taxes Payable
Deferred Income Taxes
Other Liabilities
Total Long-Term Liabilities	7,673	7,620	5,604	5,690	5,010	4,981
Total Liabilities	17,873	16,659	16,125	15,164	13,261	13,000
Total Liabilities

Equity	Nov '25	May '25	Nov '24	May '24	Dec '23	Jun '23
Common Stock	—	—	—	—	—	—
Common Stock
Treasury Stock	-48,847	-44,338	-37,583	-32,612	-28,129	-26,191
Treasury Stock, at Cost
Additional Paid-in Capital	15,361	14,375	13,419	12,504	11,586	10,717
Additional Paid-in Capital
Accumulated Other Comprehensive Income	-245	-333	-201	-276	-285	-297
Accumulated Other Comprehensive Income (Loss)
Retained Earnings	45,354	41,744	38,470	35,227	33,346	30,609
Retained Earnings
Total Common Shareholders' Equity	11,623	11,448	14,105	14,843	16,518	14,838
Total Stockholders' Equity
Total Shareholders' Equity	11,623	11,448	14,105	14,843	16,518	14,838
Total Stockholders' Equity
Total Liabilities and Shareholders' Equity	29,496	28,107	30,230	30,007	29,779	27,838
Total Liabilities and Stockholders' Equity