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Adobe

NASDAQ: ADBE · USD

Adobe debt and dilution79

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$4,766M
May 29, 2009 through Aug 28, 2026

Cash & equivalents

USD millions

$4,359M

Net debt

USD millions

$407M

Debt / equity

×

0.41×

Debt / assets

%

15.9%

Net debt / EBITDA

× · TTM

0.04×

Debt / FCF

× · TTM

0.45×

Interest coverage

× · TTM

35.66×

Current ratio

×

0.77×

Diluted shares

Million shares

395.5M shares

Basic shares

Million shares

395M shares

Share count growth

%

-6.73%

Share repurchases

USD millions

$2,232M

Quarterly data

Adobe capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2026 Q3Aug 28, 20264,7664,3594070.41×15.9%0.04×0.45×35.66×0.77×395.5395-6.73%2,232
FY 2026 Q2May 29, 20264,8024,919-1170.42×16.04%-0.01×0.47×34.83×0.75×402.5402.4-6.03%2,111
FY 2026 Q1Feb 27, 20265,3796,332-9530.47×18.11%-0.1×0.52×33.94×0.91×410.8410.2-5.96%2,478
FY 2025 Q4Nov 28, 20256,2105,4317790.53×21.05%0.08×0.63×33.1×1×417.4416.9-5.49%2,474
FY 2025 Q3Aug 29, 20256,2004,9821,2180.53×21.56%0.13×0.65×34.02×1.02×424.1423.5-4.9%2,057
FY 2025 Q2May 30, 20256,1664,9311,2350.54×21.94%0.14×0.65×35.59×0.99×428.9428.2-4.65%3,500
FY 2025 Q1Feb 28, 20256,1556,758-6030.47×20.55%-0.07×0.67×39.2×1.18×437.6436.2-3.67%3,250
FY 2024 Q4Nov 29, 20244,1297,613-3,4840.29×13.66%-0.46×0.52×39.89×1.07×443.4441.1-3.12%2,500
FY 2024 Q3Aug 30, 20244,1287,193-3,0650.28×13.84%-0.41×0.63×44.4×1.11×447.6445.3-2.43%2,500
FY 2024 Q2May 31, 20244,1277,660-3,5330.28×13.75%-0.5×0.65×50.67×1.16×451.4449.1-1.9%2,500
FY 2024 Q1Mar 1, 20242,1386,254-4,1160.14×7.44%-0.6×0.33×55.29×1.05×456.3452.8-1.35%2,000
FY 2023 Q4Dec 1, 20233,6347,141-3,5070.22×12.2%-0.47×0.52×58.85×1.34×458.8455.3-2.02%1,000
FY 2023 Q3Sep 1, 20233,6336,601-2,9680.23×12.49%-0.41×0.48×56.74×1.25×459.5456.4-2.58%1,000
FY 2023 Q2Jun 2, 20233,6315,456-1,8250.24×13.04%-0.26×0.49×54.38×1.16×458.7457.8-3.03%1,000
FY 2023 Q1Mar 3, 20233,6304,072-4420.26×13.61%-0.06×0.5×52.62×1.12×459.5459-2.88%1,400
FY 2022 Q4Dec 2, 20223,6294,236-6070.26×13.36%-0.09×0.49×54.45×1.11×465.5464.7-2.33%1,750
FY 2022 Q3Sep 2, 20223,6273,870-2430.25×13.56%-0.04×0.51×54.41×1.14×469.4468.5-1.72%1,200
FY 2022 Q2Jun 3, 20223,6273,3652620.26×13.78%0.04×0.53×54.51×1.07×473.3472.1-1.19%1,200
FY 2022 Q1Mar 4, 20223,6262,7398870.26×13.96%0.13×0.53×53.41×1.04×475.4472.6-1.29%2,400
FY 2021 Q4Dec 3, 20214,1233,8442790.28×15.14%0.04×0.6×51.35×1.25×479.46475.76-0.82%1,000
FY 2021 Q3Sep 3, 20214,1224,623-5010.29×15.77%-0.08×0.63×49.25×1.39×480.7476.7-0.73%1,000
FY 2021 Q2Jun 4, 20214,1204,250-1300.3×16.11%-0.02×0.62×45.52×1.31×480.8477.8-0.77%1,000
FY 2021 Q1Mar 5, 20214,1193,4526670.3×16.49%0.12×0.71×42.07×1.27×482.9478.8-0.75%950
FY 2020 Q4Nov 27, 20204,1174,478-3610.31×16.95%-0.07×0.78×36.53×1.48×484.6479.7-0.83%850
FY 2020 Q3Aug 28, 20204,1163,7673490.35×18.36%0.07×0.84×31.8×1.44×484.9480.2-1.16%500
FY 2020 Q2May 29, 20204,1143,0441,0700.38×19.04%0.23×0.93×27.56×1.29×484.8481.5-1.24%850
FY 2020 Q1Feb 28, 20204,1132,6881,4250.39×19.39%0.33×0.95×23.46×1.23×487.8482.4-1.16%850
FY 2019 Q4Nov 29, 20194,138.272,650.221,488.050.39×19.93%0.37×1.03×20.79×0.79×488.85483.73-0.93%750
FY 2019 Q3Aug 30, 2019988.432,209.05-1,220.620.1×4.93%-0.34×0.26×20.32×0.74×491.04485.85-0.85%750
FY 2019 Q2May 31, 2019987.942,082.91-1,094.970.1×5.02%-0.33×0.26×22.16×0.7×492.21487.54-0.89%750
FY 2019 Q1Mar 1, 20193,236.831,738.851,497.990.33×16.59%0.46×0.85×25.76×0.97×494.19488.06-0.81%500
FY 2018 Q4Nov 30, 20184,124.81,642.782,482.030.44×21.98%0.78×1.1×31.83×1.13×495.61488.25-0.79%300
FY 2018 Q3Aug 31, 20181,874.651,747.14127.510.21×12.18%0.04×0.53×34.41×1.66×496.87490.03-0.69%750
FY 2018 Q2Jun 1, 20181,874.062,987.99-1,113.930.22×12.36%-0.38×0.57×33.21×2.08×498.25491.91-0.5%700
FY 2018 Q1Mar 2, 20181,874.792,666.98-792.190.22×12.52%-0.29×0.64×31.53×2.12×499.43492.06-0.52%300
FY 2017 Q4Dec 1, 20171,881.422,306.07-424.650.22×12.94%-0.17×0.69×29.14×2.05×501.31492.11-0.71%300
FY 2017 Q3Sep 1, 20171,889.221,774.55114.670.23×13.58%0.05×0.73×27.35×2.05×500.4493.43-1.03%300
FY 2017 Q2Jun 2, 20171,888.41,316.95571.450.24×14.13%0.27×0.79×25.46×1.99×500.35494.37-1.12%300
FY 2017 Q1Mar 3, 20171,884.071,068.9815.180.25×14.44%0.41×0.84×23.61×1.95×500.86494.61-0.9%200
FY 2016 Q4Dec 2, 20161,892.21,011.32880.890.25×14.89%0.48×0.95×21.2×2.08×501.73495.64-0.55%300
FY 2016 Q3Sep 2, 20161,916.59767.671,148.920.26×15.5%0.7×1.1×18.89×2.16×503.67498.58-0.01%400
FY 2016 Q2Jun 3, 20161,918.39886.381,032.010.26×15.7%0.68×1.21×17.3×2.2×504.73499.970.14%225
FY 2016 Q1Mar 4, 20161,916.83830.71,086.130.27×16.11%0.79×1.21×15.24×2.21×505.68499.130.07%150
FY 2015 Q4Nov 27, 20151,907.23876.561,030.670.27×16.26%0.83×1.48×14.07×2.18×507.28498.380.05%125
FY 2015 Q3Aug 28, 20151,900829.291,070.710.28×16.51%1×1.51×12.22×2.2×505.81498.630.03%100
FY 2015 Q2May 29, 20151,904.38956.15948.230.29×17.06%1.07×1.64×9.89×2.16×505.58499.290.27%200
FY 2015 Q1Feb 27, 20151,901.62712.881,188.730.29×17.27%1.45×1.79×8.79×2.22×507.53498.750.36%200
FY 2014 Q4Nov 28, 20141,514.321,117.4396.910.22×14.04%0.55×1.33×6.91×1.85×508.2498.12-0.25%125
FY 2014 Q3Aug 29, 20141,508.26903.33604.930.22×14.37%0.85×1.43×6.13×1.91×507.81498.47-1.12%125
FY 2014 Q2May 30, 20141,506.29817.02689.270.23×14.52%0.92×1.49×6.36×1.86×506.69497.93-1.08%150
FY 2014 Q1Feb 28, 20141,509.73733.92775.810.23×14.73%1.07×1.63×5.99×1.87×508.34496.95-0.33%200
FY 2013 Q4Nov 29, 20131,513.97834.56679.420.23×14.59%0.91×1.57×6.26×2.65×514.44499.370.9%400
FY 2013 Q3Aug 30, 2013—819.09—————9.29×2.92×514.06504.122.04%400
FY 2013 Q2May 31, 2013—1,246.41—————11.69×3.6×512.45503.381.5%200
FY 2013 Q1Mar 1, 2013—1,306.38—————14.66×3.46×507.84498.610.93%100
FY 2012 Q4Nov 30, 20121,508.161,425.0583.10.23×15.12%0.06×1.23×17.49×3.41×504.38494.910.69%100
FY 2012 Q3Aug 31, 2012—1,162.38—————16.57×3.43×499.76494.05-0.1%0
FY 2012 Q2Jun 1, 2012—951.24—————16.71×3.03×501.38495.95-0.75%225
FY 2012 Q1Mar 2, 2012—801.26—————16.26×3.14×500.38494.02-2.01%80
FY 2011 Q4Dec 2, 20111,514.31989.5524.810.26×16.84%0.38×1.14×16.42×3.02×496.68491.52-3.01%0
FY 2011 Q3Sep 2, 20111,516.39769.21747.170.27×17.86%0.53×1.3×17.03×3.36×498.74494.54-4.66%150
FY 2011 Q2Jun 3, 20111,518.43827.48690.960.28×18.21%0.48×1.31×17.45×3.23×506.28499.69-5.03%420.02
FY 2011 Q1Mar 4, 20111,520.45900.16620.30.28×18.3%0.44×1.51×16.88×3.4×511.35504.13-3.82%125
FY 2010 Q4Dec 3, 20101,522.46749.89772.570.29×18.7%0.6×1.61×17.44×3.01×511.88506.76-1.38%200
FY 2010 Q3Sep 3, 20101,524.45814.15710.30.3×19.18%0.61×1.68×20.62×3.35×523.18518.71-1.37%400
FY 2010 Q2Jun 4, 2010—1,137.61—————28.15×3.38×533.26526.150.38%250
FY 2010 Q1Mar 5, 2010—1,589.44—————63.96×3.53×532.65524.17—0.02
FY 2009 Q4Nov 27, 20091,000999.490.510.2×13.73%0×1×202.67×2.93×523.9513.84—0
FY 2009 Q3Aug 28, 2009—1,132.14——————4.87×531.81525.91—350
FY 2009 Q2May 29, 2009—1,226.78——————5.03×528.01524.16——
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · ADBE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.