Adobe Inc. (ADBE) Releases Q4 2025 Earnings: Revenue and EPS Rise

Adobe Inc. (ADBE) — Q4 2025 highlights

Revenue: $6.19 billion (+10.49% YoY)

Gross profit: $5.55 billion (+11.12% YoY)

Operating profit: $2.26 billion (+15.53% YoY)

Net income attributable to common shareholders: $1.86 billion (+10.28% YoY)

Diluted earnings per share: $4.45 (+17.72% YoY)

Margins and profit trends

Gross margin expanded to about 89.5%, operating margin came in around 36.5%, and net margin was roughly 30.0%. Diluted EPS grew faster than net income, boosting earnings on a per-share basis.

Cash flow and balance sheet

Cash from operating activities: $3.16 billion (+8.18% YoY)

Capital expenditures (purchases of property, plant and equipment): $34 million (down 29.17% YoY)

Cash and cash equivalents: $5.43 billion (down 28.66% YoY)

Total liabilities: $17.87 billion (+10.84% YoY)

Other notable items

Cost of sales: $649 million (+5.36% YoY)

Overall the quarter shows healthy top-line growth with expanding operating profitability and solid operating cash generation for Adobe Inc. (ADBE).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Adobe Inc. Insider Trading Activity

Adobe Inc. insiders have traded $ADBE stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $ADBE stock by insiders over the last 6 months:

JILLIAN FORUSZ (SVP & CAO) sold 149 shares for an estimated $50,344

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Adobe Inc. Hedge Fund Activity

We have seen 1,021 institutional investors add shares of Adobe Inc. stock to their portfolio, and 1,448 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 4,152,252 shares (+67.1%) to their portfolio in Q3 2025, for an estimated $1,464,706,893
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,952,994 shares (+53.3%) to their portfolio in Q3 2025, for an estimated $688,918,633
CAPITAL WORLD INVESTORS removed 1,820,992 shares (-38.1%) from their portfolio in Q3 2025, for an estimated $642,354,928
D. E. SHAW & CO., INC. added 1,784,062 shares (+367.5%) to their portfolio in Q3 2025, for an estimated $629,327,870
DODGE & COX added 1,573,849 shares (+8006.6%) to their portfolio in Q3 2025, for an estimated $555,175,234
POLEN CAPITAL MANAGEMENT LLC removed 1,499,583 shares (-44.7%) from their portfolio in Q3 2025, for an estimated $528,977,903
GOLDMAN SACHS GROUP INC removed 963,503 shares (-24.6%) from their portfolio in Q3 2025, for an estimated $339,875,683

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Adobe Inc. Government Contracts

We have seen $32,264 of award payments to $ADBE over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

ADOBE AUDITION FOR ENTERPRISE IS REQUIRED FOR MARTI STAFF TO RECORD & EDIT AUDIO CLIPS FOR CONTENT CREATION...: $22,545
SOFTWARE: $9,718

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

Adobe Inc. Congressional Stock Trading

Members of Congress have traded $ADBE stock 8 times in the past 6 months. Of those trades, 3 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $ADBE stock by members of Congress over the last 6 months:

REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 11/03.
REPRESENTATIVE JULIA LETLOW sold up to $15,000 on 10/16.
REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 2 times. They made 2 purchases worth up to $30,000 on 10/15, 09/11 and 0 sales.
SENATOR MARKWAYNE MULLIN sold up to $50,000 on 09/24.
SENATOR JOHN BOOZMAN purchased up to $15,000 on 09/04.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 08/05.
REPRESENTATIVE THOMAS H. KEAN, JR. sold up to $15,000 on 07/29.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Adobe Inc. Analyst Ratings

Wall Street analysts have issued reports on $ADBE in the last several months. We have seen 10 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

BMO Capital issued a "Outperform" rating on 12/15/2025
Keybanc issued a "Underweight" rating on 12/15/2025
DA Davidson issued a "Buy" rating on 12/11/2025
Jefferies issued a "Buy" rating on 12/11/2025
Stifel issued a "Buy" rating on 12/09/2025
Wells Fargo issued a "Overweight" rating on 11/20/2025
Piper Sandler issued a "Overweight" rating on 09/12/2025

To track analyst ratings and price targets for Adobe Inc., check out Quiver Quantitative's $ADBE forecast page.

Adobe Inc. Price Targets

Multiple analysts have issued price targets for $ADBE recently. We have seen 17 analysts offer price targets for $ADBE in the last 6 months, with a median target of $425.0.

Here are some recent targets:

Keith Bachman from BMO Capital set a target price of $375.0 on 01/09/2026
Brent Thill from Jefferies set a target price of $400.0 on 01/05/2026
Tyler Radke from Citigroup set a target price of $387.0 on 12/17/2025
Jackson Ader from Keybanc set a target price of $310.0 on 12/15/2025
J. Derrick Wood from TD Cowen set a target price of $400.0 on 12/11/2025
Keith Weiss from Morgan Stanley set a target price of $425.0 on 12/11/2025
Alex Zukin from Wolfe Research set a target price of $440.0 on 12/11/2025