Adobe ADBE
Application Software Enterprise Software Digital Marketing B2B SaaS Mature SaaS Software

Adobe trades at 4.3x EV/NTM revenue on a $116.9B enterprise value. Revenue grew 12.7% year over year to $6.62B in the quarter ending May 2026, an annual run rate of $26.47B. Adobe reports a 89.2% gross margin and 28.0-month CAC payback.

ARR ($M)
25664
Net Dollar Retention
--
ARR Growth
13.7%
EV / NTM Revenue
4.3x
Payback Period
28.0
EV / Run Rate
4.4x
Price & Key Metrics
Price Performance
Company Details
Share Price: 291.52
Last Filing Date: 2026-05-31
Last Filing: Form
Founding Year: 1982
IPO Year: 1986
% of 52 wk High: 79%
Description
Adobe was historically focused upon the creation of multimedia and creativity software products, with a more recent foray towards digital marketing software. Adobe is best known for its Photoshop image editing software, Acrobat Reader, the Portable Document Format (PDF), and Adobe Creative Suite, as well as its successor Adobe Creative Cloud.
Reporting Notes
Publishes full-time employee count in 10-K under Human Capital. ARR derived from Subscription Revenue * 4 (SR published in 10-Q). NDR not published. Employee count and other useful supplementary data are published in Investor Relations under Investor datasheet.
Categories
Application Software Enterprise Software Digital Marketing B2B SaaS Mature SaaS Software
Valuation
Market Cap: 115,879.2
Enterprise Value: 116,898.2
EV / Revenue Run Rate: 4.4x
EV / NTM Revenue: 4.3x
EV / 2026 Revenue Estimates: 4.4x
EV / 2027 Revenue Estimates: 4.0x
EV / 2028 Revenue Estimates: 3.7x
Key Business Metrics
Net Dollar Retention: --
Customers: --
ARR: 25,664
ARR Growth %: 14%
ARR/Customer ($K): --
ARR/Employee ($K): 747
Revenue
Revenue Run Rate: 26,472
ARR: 25,664
2026 Revenue Estimates: 26,297
2027 Revenue Estimates: 29,138
2028 Revenue Estimates: 31,798
LTM Revenue: 25,198
Last Year Run Rate: 23,492
Growth
Revenue Growth: 13%
ARR Growth: 14%
Growth Persistence: 119%
2026 Revenue Growth Estimates: 10%
2027 Revenue Growth Estimates: 11%
2028 Revenue Growth Estimates: 9%
Financials
Quarterly
Calendar Year
Frequently Asked Questions

How fast is Adobe growing?

Adobe grew revenue 12.7% year over year, reaching $6.62B in the quarter ending May 2026.

What multiple does Adobe trade at?

Adobe trades at 4.3x EV/NTM revenue and 4.4x EV/run-rate, on an enterprise value of $116.9B.

Is Adobe profitable?

For Adobe, operating income was $2.24B last quarter.

How long does it take Adobe to pay back CAC?

Adobe recovers customer acquisition cost in about 28.0 months.

What sector is Adobe in?

Public Comps classifies Adobe under Application Software, Enterprise Software, Digital Marketing, B2B SaaS, Mature SaaS, and Software.

Where does Public Comps get Adobe's data?

Figures come from Adobe's own SEC filings, normalised into a consistent quarterly format and refreshed after each earnings release.