---
title: Adobe (ADBE) — software card
canonical: https://sweetvaluelab.com/tools/software/adbe
ticker: ADBE
tier: Mega
as_of: 2026-10-16
---
# Adobe (ADBE) — software card

Adobe, Mega, grows revenue 12.0% on a 88.8% gross margin and a 42.1% free-cash-flow margin (34.1% after stock-based compensation), and trades at 3.8× trailing revenue. Prices as of Oct 16, 2026; trailing-twelve-month figures through Aug 31, 2026.

## The card

| Figure | ADBE | Mega average (4) |
| --- | ---: | ---: |
| Price | $245.20 |  |
| Revenue (TTM) | $26.0B |  |
| Revenue growth | 12.0% | 16.1% |
| Revenue growth, prior year | 10.7% |  |
| Gross margin | 88.8% | 72.5% |
| Operating margin | 35.7% |  |
| Free cash flow (TTM) | $10.9B |  |
| FCF margin | 42.1% | 13.7% |
| FCF margin after SBC | 34.1% |  |
| Stock-based compensation (TTM) | $2.1B |  |
| SBC / revenue | 8.0% | 7.5% |
| Rule of 40 | 5415 | 2984 |
| Diluted shares, YoY | -8.1% |
| Buybacks (TTM) | $12.1B |  |
| Market value | $96.9B |  |
| Net cash | -$1.1B |  |
| Enterprise value | $98.0B |  |
| EV / revenue | 3.8× | 7.1× |
| EV / gross profit | 4.2× |  |
| EV / FCF | 9.0× |  |
| P/E | 13.7 |  |

## Lights

No light is on.

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Source: https://sweetvaluelab.com/tools/software/adbe (SweetValueLab, free, no account). Quarterly statements from Financial Modeling Prep, closes from the daily price cache; the engine's rules are on the board page. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.