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Adobe ADBE Publishing and Advertising — Goodwill

Other segment segments

Digital Experience
$8.55B+0.6%
Digital Media
$3.91B+0.4%

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Other financials

Income statement

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Revenue$6.6B+12.7%
Gross profit$5.9B+12.8%
Operating income$2.2B+6.1%
Net income$1.7B+1.2%
EPS (diluted)$4.25+7.9%

Balance sheet

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Cash & equivalents$4.9B-0.2%
Total debt$7.1B+7.6%
Total equity$11.5B+0.6%
Total assets$29.9B+6.5%

Cash flow

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Operating cash flow$2.2B-1.2%
CapEx$58.0M+23.4%
Free cash flow$2.1B-1.7%

Valuation

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Market cap$99.91B-30.5%
Enterprise value$102.05B-29.8%
P/E13.8×-7.1×
P/S-2.4×

Profitability

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Gross margin89.4%+0.2pp
Operating margin36.1%-0.3pp
Net margin28.7%-1.7pp
FCF margin40.8%-1.0pp

Returns & leverage

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Return on equity63%+10.7pp
Debt / equity0.6×0.0×
Current ratio0.8×-0.2×

Where this comes from

Reported directly by Adobe in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Adobe’s 10-K, filed January 15, 2026.

Filed
Jan 15, 2026, 5:01 PM EST
Fiscal year
FY2025
Accession
0000796343-26-000003
(in millions)Digital MediaDigital ExperiencePublishing and AdvertisingTotal Goodwill
Balances at December 1, 2023$3,890$8,517$398$12,805
Foreign currency translation(1)(16)(17)
Balances at November 29, 2024$3,889$8,501$398$12,788
Acquisitions1414
Foreign currency translation35255
Balances at November 28, 2025$3,906$8,553$398$12,857

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Adobe's publishing and advertising — goodwill?
Adobe (ADBE) reported publishing and advertising — goodwill of $398M in Q3 2025.
How has Adobe's publishing and advertising — goodwill changed year-over-year?
Adobe's publishing and advertising — goodwill decreased by 0.0% year-over-year, from $398M to $398M.
What does publishing and advertising — goodwill mean?
This metric represents the intangible asset value recorded when the publishing and advertising segment was acquired or expanded through business combinations. It reflects the premium paid over the fair value of the net identifiable assets of the acquired entities.

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