ADBE · Adobe Inc.
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q3 FY26 earnings call · Sep 10, 2026TL;DR. Adobe posted record Q3 FY26 revenue of $6.76B (up 12% in constant currency) and raised full-year FY26 revenue and EPS targets. However, net new ARR declined 36-37% year-over-year and RPO growth slowed to 8%, the first single-digit growth since early fiscal 23.
- + Adobe raised full-year FY26 revenue and EPS targets due to strong year-to-date performance. new
- + Adobe reported record Q3 revenue of $6.76B, growing 12% in constant currency, with non-GAAP EPS of $6.13 up 15% year-over-year. new
- + Adobe crossed 1 billion monthly active users across creativity and productivity solutions, with Creative freemium MAU surpassing $100M and growing greater than 70% year-over-year. new
- + Adobe AI-first ending ARR exceeded $650 million and grew more than 150% year-over-year. new
- − Net new ARR declined approximately 36-37% year-over-year in Q3. new
- − RPO growth slowed to 8% year-over-year, the first single-digit growth since early fiscal 23, while CRPO grew 9%. new
- − Q4 FY26 guidance implies only modest sequential revenue growth in Creative and Marketing Professionals subscription revenue ($4.665-$4.695B). new
- − Adobe faces a slight FX headwind heading into Q4 that is netting off the Q3 beat in the implied full-year raise. new
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Total Adobe ARR year-over-year growth | 11.2% | end of the third quarter of fiscal 2026 filing | — |
| Adobe AI-first ARR year-over-year growth | 150% | Q3 FY2026 | — |
| Business Professionals & Consumers subscription revenue | $1.91B | Q3 FY2026 | — |
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| Cash flows from operations | $2.52B | Q3 FY2026 | — |
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| Creative & Marketing Professionals subscription revenue | $4.65B | Q3 FY2026 | — |
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| Current Remaining Performance Obligations (cRPO) | 67% | Q3 FY2026 | — |
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| Monthly active users (MAU) across creativity and productivity solutions | 1B | Q3 FY2026 | — |
| Non-GAAP net income non-GAAP | $2.42B | Q3 FY2026 | — |
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GAAP → non-GAAP reconciliationGAAP GAAP net income 1.83B
+544M Stock-based and deferred compensation expense
+0M Impairment of goodwill
+58M Amortization of intangibles
+18M Acquisition-related expenses
+0M Loss contingency
-21M Investment (gains) losses, net
-2M Income tax adjustments
= Non-GAAP net income 2.42B
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| Non-GAAP operating income non-GAAP | $2.97B | Q3 FY2026 | — |
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GAAP → non-GAAP reconciliationGAAP GAAP operating income 2.35B
+544M Stock-based and deferred compensation expense
+0M Impairment of goodwill
+58M Amortization of intangibles
+18M Acquisition-related expenses
+0M Loss contingency
= Non-GAAP operating income 2.97B
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| Remaining Performance Obligations (RPO) | $22.16B | Q3 FY2026 | — |
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| Shares repurchased | 9.5M | Q3 FY2026 | — |
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| Total Adobe Annualized Recurring Revenue (ARR) | $27.5B | Q3 FY2026 | — |
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| Total Customer Group subscription revenue | $6.56B | Q3 FY2026 | — |
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| Total Adobe Annualized Recurring Revenue year-over-year growth | 12.5% | the second quarter of fiscal 2026 filing | — |
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| Non-GAAP diluted net income per share non-GAAP | $5.96 | Q2 FY2026 | — |
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GAAP → non-GAAP reconciliationGAAP GAAP diluted net income per share $4.25
+$1.38 Stock-based and deferred compensation expense
+$0.17 Impairment of goodwill
+$0.12 Amortization of intangibles
+$0.01 Acquisition-related expenses
+$0.07 Loss contingency
-$0.04 Investment (gains) losses, net
+$0 Income tax adjustments
= Non-GAAP diluted net income per share $5.96
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| Annualized Recurring Revenue | 26.06B | Q1 FY2026 | — |
| Remaining Performance Obligations | 22.22B | Q1 FY2026 | — |
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| Digital Media ARR | $19.2B | FY2025 | — |
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| Digital Media ARR year-over-year growth | 11.5% | FY2025 | — |
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| Digital Media Annualized Recurring Revenue | 18.59B | Q3 FY2025 | — |
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| Digital Media Annualized Recurring Revenue year-over-year growth | 11.7% | Q3 FY2025 | — |
| Non-GAAP effective income tax rate non-GAAP | 18.5% | Q3 FY2025 | — |
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| Business Professionals and Consumers Group subscription revenue | 1.6B | Q2 FY2025 | — |
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| Creative and Marketing Professionals Group subscription revenue | 4.02B | Q2 FY2025 | — |
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| Digital Experience segment revenue | 1.46B | Q2 FY2025 | — |
| Digital Experience subscription revenue | 1.33B | Q2 FY2025 | — |
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| Digital Media Annualized Recurring Revenue growth | 12.1% | Q2 FY2025 | — |
| Digital Media segment revenue | 4.35B | Q2 FY2025 | — |
| Non-GAAP diluted earnings per share non-GAAP | $5.06 | Q2 FY2025 | — |
| Document Cloud ARR | 3.48B | exiting fiscal 2024 filing | — |
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| Creative ARR | 13.85B | Q4 FY2024 | — |
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| Net new Digital Media ARR | 2B | FY2024 | — |
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| RPO | 19.96B | FY2024 | — |
| Total Digital Media ARR | $15.76B | at the end of the first quarter of fiscal 2024 filing | — |
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| Net new Digital Media Annualized Recurring Revenue (ARR) | 432M | Q1 FY2024 | — |
| Document Cloud ARR exiting fiscal 2023 non-GAAP | $2.81B | fiscal 2023 filing | — |
| Total Digital Media ARR at the end of fiscal 2023 non-GAAP | $15.17B | fiscal 2023 filing | — |
| Creative ARR exiting the second quarter of fiscal 2023 | $11.64B | exiting the second quarter of fiscal 2023 filing | — |
| Document Cloud ARR exiting the second quarter of fiscal 2023 | $2.5B | exiting the second quarter of fiscal 2023 filing | — |
| Total Digital Media ARR at the end of the second quarter of fiscal 2023 | $14.14B | end of the second quarter of fiscal 2023 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ADBE
this stock
Adobe Inc.
|
$89.66B | -32.1% | +10.5% | 12.9 | 4.8% |
|
QH
QUHUO Ltd
|
$350.35B | +240.7% | +59.7% | — | 0.0% |
|
SAP
Sap SE
|
$243.17B | -14.1% | — | — | 0.4% |
|
CRM
Salesforce, Inc.
|
$191.79B | -11.4% | +25.9% | 21.3 | 3.9% |
|
SHOP
Shopify Inc.
|
$183.03B | -6.0% | +30.1% | 95.5 | 1.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ADBE | +0.9% | -16.8% | -1.0% | -0.9% | -32.1% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | +1.2% | -16.4% | -13.2% | -1.9% | -45.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.