🚀 VC round data is live in beta, check it out!
Adobe Valuation Multiples
Discover revenue and EBITDA valuation multiples for Adobe and similar public comparables like ServiceNow, CrowdStrike, Synopsys, Cadence Design Systems and more.
Adobe Overview
About Adobe
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
Founded
1983
HQ
Employees
31.4K
Website
Sectors
Financials (LTM)
EV
$99B
Adobe Financials
Adobe reported last 12-month revenue of $25B and EBITDA of $12B.
In the same LTM period, Adobe generated $22B in gross profit, $12B in EBITDA, and $9B in net income.
Revenue (LTM)
Adobe P&L
In the most recent fiscal year, Adobe reported revenue of $24B and EBITDA of $12B.
Adobe expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $25B | XXX | $24B | XXX | XXX | XXX |
| Gross Profit | $22B | XXX | $21B | XXX | XXX | XXX |
| Gross Margin | 90% | XXX | 89% | XXX | XXX | XXX |
| EBITDA | $12B | XXX | $12B | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 49% | XXX | XXX | XXX |
| EBIT Margin | 46% | XXX | 46% | XXX | XXX | XXX |
| Net Profit | $9B | XXX | $9B | XXX | XXX | XXX |
| Net Margin | 37% | XXX | 38% | XXX | XXX | XXX |
| Net Debt | — | — | $779M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Adobe Stock Performance
Adobe has current market cap of $99B, and enterprise value of $99B.
Market Cap Evolution
Adobe's stock price is $244.45.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $99B | $99B | 0.0% | XXX | XXX | XXX | $22.12 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialAdobe Valuation Multiples
Adobe trades at 4.0x EV/Revenue multiple, and 8.2x EV/EBITDA.
EV / Revenue (LTM)
Adobe Financial Valuation Multiples
As of April 20, 2026, Adobe has market cap of $99B and EV of $99B.
Equity research analysts estimate Adobe's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Adobe has a P/E ratio of 10.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $99B | XXX | $99B | XXX | XXX | XXX |
| EV (current) | $99B | XXX | $99B | XXX | XXX | XXX |
| EV/Revenue | 4.0x | XXX | 4.1x | XXX | XXX | XXX |
| EV/EBITDA | 8.2x | XXX | 8.4x | XXX | XXX | XXX |
| EV/EBIT | 8.8x | XXX | 9.0x | XXX | XXX | XXX |
| EV/Gross Profit | 4.5x | XXX | 4.6x | XXX | XXX | XXX |
| P/E | 10.8x | XXX | 11.1x | XXX | XXX | XXX |
| EV/FCF | 9.7x | XXX | 10.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Adobe Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Adobe Margins & Growth Rates
Adobe's revenue in the last 12 month grew by 9%.
Adobe's revenue per employee in the last FY averaged $0.8M, while opex per employee averaged $0.4M for the same period.
Adobe's rule of 40 is 57% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Adobe's rule of X is 71% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Adobe Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 49% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 57% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 71% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 26% | XXX | 27% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 7% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 14% | XXX | 18% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 53% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Adobe Public Comps
See public comps and valuation multiples for other Design & Engineering Software and Content Management Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Adobe | XXX | XXX | XXX | XXX | XXX | XXX |
| ServiceNow | XXX | XXX | XXX | XXX | XXX | XXX |
| CrowdStrike | XXX | XXX | XXX | XXX | XXX | XXX |
| Synopsys | XXX | XXX | XXX | XXX | XXX | XXX |
| Cadence Design Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Moody's | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Adobe M&A Activity
Adobe acquired XXX companies to date.
Last acquisition by Adobe was on XXXXXXXX, XXXXX. Adobe acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Adobe
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialAdobe Investment Activity
Adobe invested in XXX companies to date.
Adobe made its latest investment on XXXXXXXX, XXXXX. Adobe invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Adobe
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Adobe
| When was Adobe founded? | Adobe was founded in 1983. |
| Where is Adobe headquartered? | Adobe is headquartered in United States. |
| How many employees does Adobe have? | As of today, Adobe has over 31K employees. |
| Who is the CEO of Adobe? | Adobe's CEO is Shantanu Narayen. |
| Is Adobe publicly listed? | Yes, Adobe is a public company listed on Nasdaq. |
| What is the stock symbol of Adobe? | Adobe trades under ADBE ticker. |
| When did Adobe go public? | Adobe went public in 1986. |
| Who are competitors of Adobe? | Adobe main competitors are ServiceNow, CrowdStrike, Synopsys, Cadence Design Systems. |
| What is the current market cap of Adobe? | Adobe's current market cap is $99B. |
| What is the current revenue of Adobe? | Adobe's last 12 months revenue is $25B. |
| What is the current revenue growth of Adobe? | Adobe revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Adobe? | Current revenue multiple of Adobe is 4.0x. |
| Is Adobe profitable? | Yes, Adobe is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Adobe? | Adobe's last 12 months EBITDA is $12B. |
| What is Adobe's EBITDA margin? | Adobe's last 12 months EBITDA margin is 49%. |
| What is the current EV/EBITDA multiple of Adobe? | Current EBITDA multiple of Adobe is 8.2x. |
| What is the current FCF of Adobe? | Adobe's last 12 months FCF is $10B. |
| What is Adobe's FCF margin? | Adobe's last 12 months FCF margin is 41%. |
| What is the current EV/FCF multiple of Adobe? | Current FCF multiple of Adobe is 9.7x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.