Adobe Inc. balance sheet

At the end of fiscal 2025, Adobe Inc. had total assets of $29.50bn, total liabilities of $17.87bn and shareholders' equity of $11.62bn. It held $5.43bn in cash against $6.21bn of debt: net debt of $779m.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Adobe Inc.: balance sheet, annual
Fiscal year	2009Nov 2009	2010Dec 2010	2011Dec 2011	2012Nov 2012	2013Nov 2013	2014Nov 2014	2015Nov 2015	2016Dec 2016	2017Dec 2017	2018Nov 2018	2019Nov 2019	2020Nov 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Nov 2024	2025Nov 2025	LTMAug 2026
Cash and equivalents	1.0	0.7	1.0	1.4	0.8	1.1	0.9	1.0	2.3	1.6	2.7	4.5	3.8	4.2	7.1	7.6	5.4	4.4
Receivables	0.4	0.6	0.6	0.6	0.6	0.6	0.7	0.8	1.2	1.4	1.5	1.4	1.9	2.1	2.2	2.1	2.3	2.1
Total current assets	2.5	3.2	3.8	4.4	4.0	4.6	4.8	5.8	7.2	4.9	6.5	8.1	8.7	9.0	11.1	11.2	10.2	9.2
Goodwill	3.5	3.6	3.8	4.1	4.8	4.7	5.4	5.4	5.8	10.6	10.7	10.7	12.7	12.8	12.8	12.8	12.9	14.0
Total assets	7.3	8.1	9.0	10.0	10.4	10.8	11.7	12.7	14.5	18.8	20.8	24.3	27.2	27.2	29.8	30.2	29.5	30.0
Accounts payable	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.2	0.2	0.3	0.3	0.4	0.3	0.4	0.4	0.5
Deferred revenue (current)	0.3	0.4	0.5	0.6	0.8	1.1	1.4	1.9	2.4	2.9	3.4	3.6	4.7	5.3	5.8	6.1	6.9	7.1
Total current liabilities	0.8	1.1	1.3	1.3	1.5	2.5	2.2	2.8	3.5	4.3	8.2	5.5	6.9	8.1	8.3	10.5	10.2	11.9
Short-term debt	—	—	—	—	0.0	0.6	—	—	—	0.0	3.1	0.0	0.0	0.5	0.0	1.5	0.0	1.6
Long-term debt	1.0	1.5	1.5	1.5	1.5	0.9	1.9	1.9	1.9	4.1	1.0	4.1	4.1	3.6	3.6	4.1	6.2	4.8
Total debt	1.0	1.5	1.5	1.5	1.5	1.5	1.9	1.9	1.9	4.1	4.2	4.2	4.2	4.2	3.7	5.7	6.2	4.8
Total liabilities	2.4	2.9	3.2	3.4	3.7	4.0	4.7	5.3	6.1	9.4	10.2	11.0	12.4	13.1	13.3	16.1	17.9	18.2
Shareholders' equity	4.9	5.2	5.8	6.7	6.7	6.8	7.0	7.4	8.5	9.4	10.5	13.3	14.8	14.1	16.5	14.1	11.6	11.8
Net debt (negative = net cash)	0.0	0.8	0.5	0.1	0.7	0.4	1.0	0.9	−0.4	2.5	1.5	−0.3	0.3	−0.1	−3.5	−2.0	0.8	0.4
Shares outstanding	523m	502m	492m	494m	496m	497m	498m	494m	491m	488m	483m	479m	475m	462m	455m	441m	413m	391m

US$ billions unless shown otherwise. Fiscal quarters.

Adobe Inc.: balance sheet, quarterly
Quarter	2024 Q4Nov 2024	2025 Q1Feb 2025	2025 Q2May 2025	2025 Q3Aug 2025	2025 Q4Nov 2025	2026 Q1Feb 2026	2026 Q2May 2026	2026 Q3Aug 2026
Receivables	2.1	2.0	1.7	2.1	2.3	2.1	2.0	2.1
Total current assets	11.2	10.9	9.0	9.4	10.2	10.4	9.1	9.2
Goodwill	12.8	12.8	12.8	12.9	12.9	12.9	14.0	14.0
Total assets	30.2	30.0	28.1	28.8	29.5	29.7	29.9	30.0
Accounts payable	0.4	0.3	0.4	0.3	0.4	0.4	0.5	0.5
Deferred revenue (current)	6.1	6.3	6.2	6.4	6.9	7.3	7.2	7.1
Total current liabilities	10.5	9.2	9.0	9.2	10.2	11.4	12.1	11.9
Short-term debt	1.5	0.0	0.0	0.0	0.0	0.8	1.8	1.6
Long-term debt	4.1	6.2	6.2	6.2	6.2	5.4	4.8	4.8
Total debt	5.6	6.2	6.2	6.2	6.2	6.2	6.6	6.4
Total liabilities	16.1	16.9	16.7	17.0	17.9	18.3	18.4	18.2
Shareholders' equity	14.1	13.1	11.4	11.8	11.6	11.4	11.5	11.8
Shares outstanding	441m	435m	427m	420m	413m	406m	399m	391m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Adobe Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Adobe Inc.