What is the 13F Pro Quality Score for ADBE?

13F Pro ranks ADOBE INC. (ADBE) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View ADBE's current score at https://13fpro.ai/research/ADBE (free sign-up required for the full ranking).

Which hedge funds own the most ADBE stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of ADBE include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/ADBE as soon as new 13F filings post.

Where does 13F Pro source ADBE data?

All ADOBE INC. fundamentals and ownership data come directly from SEC EDGAR. ADOBE INC. files with the SEC under CIK 796343. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is ADBE in?

ADOBE INC. (ADBE) is classified in the Technology sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/technology.

What drives ADBE's revenue?

Per ADOBE INC.'s latest 10-Q filed with the SEC on 2026-06-15, the biggest revenue drivers are: Subscription revenue ($12.6B, +13% YoY); Creative & Marketing Professionals subscription ($8.9B, +12% YoY); Business Professionals & Consumers subscription ($3.6B, +16% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/research/ADBE.

What are ADBE's largest expenses?

ADOBE INC.'s latest 10-Q reports these as the largest expense items: Cost of revenue ($1,379M, +9% YoY); Research and development ($2,308M, +9% YoY); Sales and marketing ($3,592M, +15% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (six months ended May 29, 2026).

How often is ADBE research updated on 13F Pro?

ADBE's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

ADOBE INC.(ADBE)Stock Analysis

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13F Pro Quality Score

80.4/100

Rank #43 of 2,879 stocksTOP 5%

View Technology peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

69.0/100

Profitability

90.2/100

Balance Sheet

97.9/100

Earnings Quality

70.5/100

Free Cash Flow

89.2/100

Institutional Flow

36.3/100

Revenue Scale

94.4/100

Dilution Risk

19.5/100

ADBE Stock Analysis & AI Quality Score

AI stock analysis and institutional research for ADOBE INC. (ADBE), a Technology sector company. 13F Pro's AI-powered ranking engine scores ADBE at 80.4/100 on a 32-signal composite quality model, placing it at rank #43 of 2,879 stocks — the top 5% of the AI-ranked universe. ADBE scores in the top quartile across balance sheet strength (97.9), revenue scale (94.4), profitability (90.2). Areas of concern include institutional flow (36.3), which score below median versus the broader universe. Shareholder dilution risk is elevated at 19.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), ADOBE INC. reports quarterly revenue of $6.6B, net income of $1.7B, an operating margin of 33.8%. Top institutional holders of ADBE by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. ADBE trades on the Nasdaq exchange and files with the SEC under CIK 796343. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ADBE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ADOBE INC. directly from SEC EDGAR. ADOBE INC.'s 13F Pro composite quality score has ranged between 8 and 88 since 2021, currently 80.4 — a declining long-term trajectory across 56 quarterly and live scoring snapshots.

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Fun facts about ADOBE INC.

Quirks, history, and lore behind ADBE — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. software company · mega-cap · listed on Nasdaq · headquartered in California.
2
The Numbers
Annual revenue around $20 billion, with operating margins that make hardware companies weep — and a subscription model that turned a one-time purchase into a monthly habit.
3
The History
Founded in 1982 by engineers who left Xerox PARC, the company's early breakthrough was a document format that looked identical on every computer — revolutionary at the time.
4
The Secret
Its file format became so universal that "PDF" is now a verb — yet it quietly built an empire selling tools to the creative professionals who make everything you see on screen.
5
The Lore
Its Creative Cloud suite — including Photoshop, Illustrator, and Premiere — is so dominant that "photoshopped" entered the dictionary as shorthand for any digitally altered image.
6
The Giveaway
Photoshop. Acrobat. PDFs. If you've ever made something look good on a screen or printed a form you couldn't edit, you've already paid this company a compliment.

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What's Driving ADBE's Business? Latest 10-Q Breakdown

AI-extracted from ADOBE INC.'s 10-Q filed 2026-06-15 — Q2 FY2026 (six months ended May 29, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Adobe's subscription revenue grew 13% YoY to $12.6B in the first half of fiscal 2026, driven by strength in Creative Cloud and Acrobat, with total ARR reaching $27.1B (+12.5% YoY).

Biggest Revenue Drivers

Total revenue: $13.0B+12% YoY

Subscription revenue$12.6B+13% YoY

Driven by strength in Creative Cloud Pro, Acrobat, and Adobe Experience Platform

Within Subscription revenue

Creative & Marketing Professionals subscription$8.9B+12% YoY

Strength in Creative Cloud Pro and flagship apps, Adobe Experience Platform and related apps, and Adobe Experience Manager

Business Professionals & Consumers subscription$3.6B+16% YoY

Driven by strength in Acrobat

Product revenue$179M-2% YoY

Services and other revenue$223M-20% YoY

Largest Expense Items

Cost of revenue$1,379M+9% YoY

Primarily driven by hosting services and data center costs, including AI inferencing costs

Research and development$2,308M+9% YoY

Increases in compensation costs for software developers

Sales and marketing$3,592M+15% YoY

Increases in advertising expenses and compensation costs

General and administrative$1,009M+36% YoY

Goodwill impairment of $70M, loss contingencies of $92M, and increases in compensation and software license costs

Watch Items from the Filing

Goodwill impairment charge of $70M recorded for Publishing & Advertising reporting unit in Q2 FY2026, indicating potential valuation challenges in that segment.
Loss contingencies and legal settlement expenses of $92M recorded in first six months, with ongoing derivative litigation and FTC consumer protection matters creating uncertain financial exposure.
Remaining performance obligations of $22.3B (+13% YoY) provide strong revenue visibility; approximately 67% expected to be recognized over next 12 months.
Semrush acquisition completed April 28, 2026 for $1.87B added approximately $480M to ARR growth; goodwill is non-deductible for tax purposes.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$6.6B

Net Income

Q2 2026

$1.7B

Free Cash Flow

Q2 2026

$2.1B

Operating Margin

Q2 2026

33.8%

D/E Ratio

Q2 2026

0.58

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+10.5% YoY

$23.77BFY 2025

FY22 $17.61BFY23 $19.41BFY24 $21.50BFY25 $23.77B

Net Income

+28.2% YoY

$7.13BFY 2025

FY22 $4.76BFY23 $5.43BFY24 $5.56BFY25 $7.13B

Operating Income

+29.1% YoY

$8.71BFY 2025

FY22 $6.10BFY23 $6.65BFY24 $6.74BFY25 $8.71B

EPS (Diluted)

+35.1% YoY

$16.70FY 2025

FY22 $10.10FY23 $11.82FY24 $12.36FY25 $16.70

Total Assets

-2.4% YoY

$29.50BFY 2025

FY22 $27.16BFY23 $29.78BFY24 $30.23BFY25 $29.50B

Total Debt

-12.9% YoY

$6.21BFY 2025

FY22 $4.13BFY23 $3.63BFY24 $7.13BFY25 $6.21B

Op. Cash Flow

+24.5% YoY

$10.03BFY 2025

FY22 $7.84BFY23 $7.30BFY24 $8.06BFY25 $10.03B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$23.77B +10.5%	$21.50B +10.8%	$19.41B +10.2%	$17.61B +11.5%	$15.79B +22.7%	$12.87B
Net Income	$7.13B +28.2%	$5.56B +2.4%	$5.43B +14.1%	$4.76B -1.4%	$4.82B -8.3%	$5.26B
Operating Income	$8.71B +29.1%	$6.74B +1.4%	$6.65B +9.1%	$6.10B +5.1%	$5.80B +36.9%	$4.24B
EPS (Diluted)	$16.70 +35.1%	$12.36 +4.6%	$11.82 +17.0%	$10.10 +0.8%	$10.02 -7.5%	$10.83
Total Assets	$29.50B -2.4%	$30.23B +1.5%	$29.78B +9.6%	$27.16B -0.3%	$27.24B +12.2%	$24.28B
Total Debt	$6.21B -12.9%	$7.13B +96.1%	$3.63B -12.0%	$4.13B +0.1%	$4.12B +0.1%	$4.12B
Operating Cash Flow	$10.03B +24.5%	$8.06B +10.3%	$7.30B -6.8%	$7.84B +8.4%	$7.23B +26.2%	$5.73B

AI Insight: ADBE Financial Trends

Adobe's revenue growth accelerating to 3.7% YoY while operating margins hold firm above 33%, but net income volatility and rising debt warrant scrutiny.

• Revenue climbed 22.3% from Q3 2024 ($5,408M) to Q2 2026 ($6,618M), with Q2 2026 marking consecutive quarterly growth acceleration.

• Operating income expanded to $2,418M in Q1 2026 from $1,992M in Q3 2024, sustaining 33–36% operating margins throughout the period.

• Operating cash flow averaged $2,621M over the last four quarters, with Q4 2025 hitting $3,160M, demonstrating consistent cash generation.

⚠ Net income fell 9.3% Q1 2026 to Q2 2026 ($1,889M to $1,712M) despite rising revenues, signaling margin pressure or one-time costs.

⚠ Total debt rose to $7,078M in Q1 2026 from $6,200M in Q3 2025, reversing the deleveraging trend from prior quarters.

AI Insight: ADBE Ratio Trends

Adobe's profitability and capital efficiency have deteriorated sharply in Q2 2026, with net margin falling to 25.9% and ROIC sliding to 49.3%—the lowest in two years.

• Operating margin compressed 400bp from Q1 2026 (37.8%) to Q2 2026 (33.8%), marking the steepest single-quarter decline in the dataset.

• Net profit margin fell to 25.9% in Q2 2026 from 29.5% in Q1 2026, a 360bp drop and lowest level since Q3 2024 (31.1%).

• ROE and ROIC both declined in Q2 2026: ROE fell to 59.5% from 66.1% (Q1), ROIC to 49.3% from 52.2% (Q1).

⚠ Leverage spiked to 0.62 D/E in Q2 2026, highest in the trailing 18 months, signaling increased financial risk.

⚠ ROA dipped to 22.9% in Q2 2026 from 25.4% in Q1 2026—first decline after four consecutive quarters of improvement.

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Available Research

13F Pro tracks comprehensive data for ADOBE INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of ADBE

BlackRock, Inc.
$9.9B40,809,940 sh
VANGUARD CAPITAL MANAGEMENT LLC
$6.5B26,679,971 sh
STATE STREET CORP
$4.8B19,913,187 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.8B11,726,888 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.4B9,972,632 sh
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$1.7B6,792,275 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.5B6,369,700 sh
MORGAN STANLEY
$1.4B5,676,933 sh
Invesco Ltd.
$1.4B5,571,545 sh
Bank of New York Mellon Corp
$1.3B5,206,791 sh

Fund	Value	Shares
BlackRock, Inc.	$9.9B	40,809,940
VANGUARD CAPITAL MANAGEMENT LLC	$6.5B	26,679,971
STATE STREET CORP	$4.8B	19,913,187
GEODE CAPITAL MANAGEMENT, LLC	$2.8B	11,726,888
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.4B	9,972,632
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$1.7B	6,792,275
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.5B	6,369,700
MORGAN STANLEY	$1.4B	5,676,933
Invesco Ltd.	$1.4B	5,571,545
Bank of New York Mellon Corp	$1.3B	5,206,791

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Is ADBE a good stock to buy?

13F Pro's AI-powered analysis of ADOBE INC. (ADBE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ADBE are available on the ADBE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own ADBE?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ADBE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of ADOBE INC.'s investment landscape.