Form 10 Explorer
10-K
Annual Report
ADOBE INC.

ADBE

NASDAQ

CIK: 796343

File #: 000-15175

Period End: Nov 28, 2025

Fiscal Year: 2025

View on EDGAR
Balance Sheet
55 line items · 2 periods
XBRL
ItemNov 28, 2025Nov 29, 2024
ASSETS
Current assets:
Cash and cash equivalents
5,431,000,0007,613,000,000
Short-term investments
1,164,000,000273,000,000
Trade receivables, net of allowances for doubtful accounts of $13 and of $14, respectively
2,344,000,0002,072,000,000
Prepaid expenses and other current assets
1,224,000,0001,274,000,000
Total current assets
10,163,000,00011,232,000,000
Property and equipment, net
1,873,000,0001,936,000,000
United States
1,591,000,0001,651,000,000
Other
1,000,0001,000,000
Total Americas
1,592,000,0001,652,000,000
EMEA
101,000,00086,000,000
APAC
180,000,000198,000,000
Operating lease right-of-use assets, net
312,000,000281,000,000
Goodwill
12,857,000,00012,788,000,000
Digital Media
3,906,000,0003,889,000,000
Digital Experience
8,553,000,0008,501,000,000
Publishing and Advertising
398,000,000398,000,000
Other intangibles, net
495,000,000782,000,000
Deferred income taxes
2,186,000,0001,657,000,000
Other assets
1,610,000,0001,554,000,000
Total assets
29,496,000,00030,230,000,000
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade payables
417,000,000361,000,000
Accrued expenses and other current liabilities
2,648,000,0002,336,000,000
Debt
01,499,000,000
Deferred revenue
6,905,000,0006,131,000,000
Income taxes payable
153,000,000119,000,000
Operating lease liabilities
77,000,00075,000,000
Total current liabilities
10,200,000,00010,521,000,000
Long-term liabilities:
Debt
6,210,000,0004,129,000,000
Deferred revenue
125,000,000128,000,000
Income taxes payable
469,000,000548,000,000
Operating lease liabilities
361,000,000353,000,000
Other liabilities
508,000,000446,000,000
Total liabilities
17,873,000,00016,125,000,000
Stockholders’ equity:
Preferred stock, $0.0001 par value; 2 shares authorized; none issued
00
Common stock, $0.0001 par value; 900 shares authorized; 601 shares issued;  413 and 441 shares outstanding, respectively
00
Additional paid-in capital
15,361,000,00013,419,000,000
Retained earnings
45,354,000,00038,470,000,000
Accumulated other comprehensive income (loss)
(245,000,000)(201,000,000)
Treasury stock, at cost (188 and 160 shares, respectively)
48,847,000,00037,583,000,000
Total stockholders’ equity
11,623,000,00014,105,000,000
Common Stock
00
Additional Paid-In Capital
15,361,000,00013,419,000,000
Retained Earnings
45,354,000,00038,470,000,000
Accumulated Other Comprehensive Income (Loss)
(245,000,000)(201,000,000)
Treasury Stock
(48,847,000,000)(37,583,000,000)
Net unrealized gains / losses on available-for-sale securities
0(1,000,000)
Net unrealized gains / losses on derivative instruments designated as hedging instruments
(45,000,000)80,000,000
Cumulative foreign currency translation adjustments
(200,000,000)(280,000,000)
Total liabilities and stockholders’ equity
29,496,000,00030,230,000,000