ADOBE INC.
At today's price, ADOBE INC. (ADBE) is priced for -2.3% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Adobe is a near-pure subscription software company, about 96% of revenue is recurring, anchored by Creative Cloud, Document Cloud, and its marketing software, with extraordinary profitability: a trailing return on equity above 60% and operating income of roughly $9.1 billion. • The defining risk is whether generative AI is a moat or a margin leak: the same tools that let Adobe sell Firefly and AI Assistant also lower the barriers for new entrants, and the company's own filing names ⟦"limited b
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2,128 institutional managers reported holding ADBE in 13F filings for the quarter ended 2026-03-31. Together they hold about 77% of the company; the top 10 hold 36%. 156 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 20.9M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (2.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ADBE has cut its share count 15.8% over the past five years, spending $38.51B on repurchases. It pays no dividend. Cash returned over the past three years: $27.56B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at ADBE over the trailing three years: 2024: 1 buy totaling $9k; 2025: 3 buys totaling $1.51M; 2026: 1 buy totaling $1.95M. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ADBE's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-06-29 | +3.3% | +15.6% |
| 2023-09-28 | -4.5% | +21.1% |
| 2024-01-18 | +3.4% | -13.9% |
| 2024-03-28 | -14.1% | -11.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ADBE's latest 8-K filings: 2026-06-11 (items 2.02, 5.02, 9.01); 2026-04-21 (items 5.02, 5.07, 8.01, 9.01); 2026-03-12 (items 2.02, 5.02, 7.01, 9.01); 2026-01-27 (items 5.02, 9.01); 2025-12-10 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.