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/company/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/company/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 ($6,416M, +14% YoY); Creative & Marketing Professionals ($4,537M, +13% YoY); Business Professionals & Consumers ($1,853M, +16% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/ADBE.

What are ADBE's largest expenses?

ADOBE INC.'s latest 10-Q reports these as the largest expense items: Sales and marketing ($1,884M, +16% YoY); Research and development ($1,198M, +11% YoY); Total cost of revenue ($715M, +12% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter 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

AI analysis on 2,800+ stocks →Deep AI analysis on 2,800+ stocks →

Technology →Nasdaqlarge

Institutional-grade research for retail investors

SEC EDGAR: CIK 796343 ADBE stock profile & AI dashboard →

13F Pro Quality Score

77.6/100

Rank #63 of 2,961 stocksTOP 5%

View Technology peers →

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

Revenue Growth

62.9/100

Profitability

85.7/100

Balance Sheet

97.6/100

Earnings Quality

56.1/100

Free Cash Flow

91.1/100

Institutional Flow

89.4/100

Revenue Scale

94.0/100

Dilution Risk

18.7/100

Email me the moment this company reports earnings

AI Research Report

Two-page plain-English analysis: business, thesis, and three scenarios for the next two years. Refreshed every quarter.

Upgrade to Pro

Pro: 5 reports/month · Pro+: unlimitedOpinion, not investment advice. Do your own research.

Why ADBE Scores 78/100

exact factor attribution · 2026-09-11

ADBE's composite is driven by scale and free cash flow, held back by shareholder dilution. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+6.6 pts

94th pct

Free cash flow

+6.2 pts

91th pct

Profitability

+5.4 pts

86th pct

Capital efficiency

+4.8 pts

98th pct

Revenue growth

+2.6 pts

63th pct

Institutional flow

+2.0 pts

89th pct

Earnings growth

+1.1 pts

72th pct

Earnings quality

+0.6 pts

56th pct

Shareholder dilution

-1.6 pts

19th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

ADBE Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for ADOBE INC. (ADBE), a Technology sector company. 13F Pro's AI-powered ranking engine scores ADBE at 77.6/100 on a 32-signal composite quality model, placing it at rank #63 of 2,961 stocks — the top 5% of the AI-ranked universe. ADBE scores in the top quartile across balance sheet strength (97.6), revenue scale (94.0), free cash flow (91.1). Shareholder dilution risk is elevated at 18.7/100, 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 75 and 88 since 2021, currently 77.6 — a declining long-term trajectory across 67 quarterly and live scoring snapshots.

✦

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.

▶ Think you know your stocks? Play the Daily Ticker

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

✓ 37/37 datapoints verified

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

Total revenue rose 13% to $6.62B on 14% subscription growth, but operating expenses climbed 17% and a $70M goodwill impairment lifted G&A 45%.

Biggest Revenue Drivers

Subscription$6,416M+14% YoY

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

Services and other$113M-22% YoY

Biggest Revenue Drivers

Total revenue: $6.62B+13% YoY

Subscription$6,416M+14% YoY

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

Within Subscription

Creative & Marketing Professionals$4,537M+13% YoY

Driven by strength in Creative Cloud Pro and other flagship apps, Adobe Experience Platform and related apps, and Adobe Experience Manager

Business Professionals & Consumers$1,853M+16% YoY

Driven by strength in Acrobat

Services and other$113M-22% YoY

Product$89M+1% YoY

Largest Expense Items

Sales and marketing$1,884M+16% YoY

Primarily increases in advertising expenses and, to a lesser extent, compensation costs

Research and development$1,198M+11% YoY

Primarily due to increases in compensation costs

Total cost of revenue$715M+12% YoY

Subscription cost up 16%: hosting services and data center costs added 16 points, compensation 5, offset by amortization of intangibles

General and administrative$546M+45% YoY

Goodwill impairment added 19 points, loss contingency 8, compensation costs 9, software licenses 6

Margins: Gross profit was $5,903M on $6,618M revenue, with subscription cost of revenue rising 16% on hosting and data center costs. Operating expenses grew 17%, outpacing 13% revenue growth.

Watch Items from the Filing

$70 million goodwill impairment on the Publishing & Advertising reporting unit, recorded in general and administrative expenses and non-deductible for tax.
Effective tax rate rose to 24% from 20%, on lower net benefit from non-U.S. operations, higher state taxes, and the non-deductible impairment.
Adobe combined Digital Media, Digital Experience and Publishing and Advertising into a single reportable segment in Q1 FY2026, reducing segment-level disclosure.
Total ARR of $27.10B grew 12.5%, but included roughly $480 million from the $1.87 billion Semrush acquisition closed April 28, 2026.
Working capital was negative $3,010M after reclassifying $1.35B of senior notes as current; management intends to refinance subject to market conditions.

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%

ROIC

Q2 2026

49.3%

D/E Ratio

Q2 2026

0.58

Period

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

Free Cash Flow

+25.1% YoY

$9.85BFY 2025

FY22 $7.40BFY23 $6.94BFY24 $7.87BFY25 $9.85B

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
Free Cash Flow	$9.85B +25.1%	$7.87B +13.4%	$6.94B -6.1%	$7.40B +7.5%	$6.88B +29.7%	$5.31B

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.

Get alerted when ADBE's score changes

Free account: watchlist tracking, the daily AI brief, and the AI screener.

Passwordless sign-in · Payments by Stripe · Auth by Clerk

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.
$8.4B41,156,085 sh
VANGUARD CAPITAL MANAGEMENT LLC
$5.4B26,405,210 sh
STATE STREET CORP
$4.2B20,515,508 sh
Invesco Ltd.
$3.0B14,654,959 sh
GEODE CAPITAL MANAGEMENT, LLC
$2.4B11,615,763 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.9B9,363,848 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.6B7,834,600 sh
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
$1.4B6,787,022 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.1B5,472,200 sh
MORGAN STANLEY
$1.1B5,390,521 sh

Fund	Value	Shares
BlackRock, Inc.	$8.4B	41,156,085
VANGUARD CAPITAL MANAGEMENT LLC	$5.4B	26,405,210
STATE STREET CORP	$4.2B	20,515,508
Invesco Ltd.	$3.0B	14,654,959
GEODE CAPITAL MANAGEMENT, LLC	$2.4B	11,615,763
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.9B	9,363,848
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.6B	7,834,600
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	$1.4B	6,787,022
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.1B	5,472,200
MORGAN STANLEY	$1.1B	5,390,521

Companies Similar to ADBE

Ranked by quality-profile closeness and shared hedge-fund ownership — not just sector membership.

INTU

INTUIT INC.

AI score

Highly similar · 41 shared holders

PRIMECAP MANAGEMENT CO/CA/NORDEA INVESTMENT MANAGEMENT AB Robeco Institutional Asset Management B.V.

CRM

Salesforce, Inc.

AI score

Highly similar · 48 shared holders

HARRIS ASSOCIATES L P LSV ASSET MANAGEMENT PeakShares LLC

ADSK

Autodesk, Inc.

AI score

Very similar · 43 shared holders

Aristotle Capital Management, LLC Robeco Institutional Asset Management B.V.National Pension Service

TXN

TEXAS INSTRUMENTS INC

AI score

Very similar · 36 shared holders

PRIMECAP MANAGEMENT CO/CA/National Pension Service Robeco Institutional Asset Management B.V.

ANET

Arista Networks, Inc.

AI score

Very similar · 37 shared holders

PeakShares LLC National Pension Service NORDEA INVESTMENT MANAGEMENT AB

FTNT

Fortinet, Inc.

AI score

Very similar · 41 shared holders

NORDEA INVESTMENT MANAGEMENT AB Robeco Institutional Asset Management B.V.National Pension Service

NOW

ServiceNow, Inc.

AI score

Very similar · 27 shared holders

National Pension Service NORDEA INVESTMENT MANAGEMENT AB Swedbank AB

ADI

ANALOG DEVICES INC

AI score

Very similar · 29 shared holders

PRIMECAP MANAGEMENT CO/CA/National Pension Service Robeco Institutional Asset Management B.V.

Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.

More Technology Companies

View all Technology →

AGILENT TECHNOLOGIES, INC.

AAOI

APPLIED OPTOELECTRONICS, INC.

AAPL

Apple Inc.

ABNB

Airbnb, Inc.

ACCL

Acco Group Holdings Ltd

ACCS

ACCESS Newswire Inc.

ACFN

ACORN ENERGY, INC.

ACIW

ACI WORLDWIDE, INC.

Put ADBE on your watchlist

Track score changes the day ADOBE INC. files with the SEC, follow the hedge funds that own it, screen 2,800+ AI-scored stocks, and get the daily brief — free.

View Pricing

Free tier includes 13F data, economic indicators, and market overview. Pro starts at $6.67/mo (billed annually).

Passwordless sign-in · Payments by Stripe · Auth by Clerk

Popular Research

AAPL

Apple

MSFT

Microsoft

NVDA

NVIDIA

GOOG

Alphabet

AMZN

Amazon

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. ADBE is classified as a large company.

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.