Adobe vs Oracle
Oracle is the larger business, with $67.36bn of revenue in fiscal 2026 against $23.77bn for Adobe (2.8 times as much). Oracle grew faster (17.3% against 10.5%). Adobe kept more of each dollar of sales as profit: a net margin of 30.0% against 25.4%. Adobe carries less debt relative to equity (53.4% against 306.1%).
| Latest fiscal year | AdobeADBE, 2025 | OracleORCL, 2026 |
|---|---|---|
| Revenue | $23.77bn | $67.36bn |
| Revenue growth | 10.5% | 17.3% |
| Net income | $7.13bn | $17.09bn |
| Operating margin | 36.6% | 30.6% |
| Net margin | 30.0% | 25.4% |
| Return on equity | 55.4% | 54.3% |
| Free cash flow | $9.85bn | −$23.69bn |
| Cash | $5.43bn | $31.29bn |
| Total debt | $6.21bn | $130.10bn |
| Debt to equity | 53.4% | 306.1% |
| Dividend per share | — | $2.00 |
| Dividend yield | — | 1.6% |
| Share buybacks | $11.28bn | $95.0m |
| Employees | 31,360 | 141,000 |
| Market value | $96.53bn | $379.19bn |
| Price vs our value range | Below our value range | — |
| Moat score | 78 (Strong) | 61 (Moderate) |
| Insider trades, 12 months | 1 buys, 19 sales | 1 buys, 20 sales |