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Adobe ADBE EV / EBITDA

EV / EBITDA at other companies

Autodesk logo
AutodeskADSK
24.3×-15.4×
Fair Isaac logo
Fair IsaacFICO
25×-32.5×
Salesforce logo
SalesforceCRM
14.2×-9.2×
Oracle logo
OracleORCL
14.7×-8.9×
Twilio logo
TwilioTWLO
46.4×-36.5×
Shopify logo
ShopifySHOP
91.2×-9.5×

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$78.02B-40.5%
Enterprise value$80.17B-39.8%
P/E10.8×-8.3×
P/S3.1×-2.7×

Profitability

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

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

Calculated from Adobe’s reported figures.

Based on the most recent quarter.

The official record: Adobe’s 10-Q, filed June 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Adobe's EV / EBITDA?
Adobe (ADBE) reported EV / EBITDA of 10.9× in Q1 2026.
How has Adobe's EV / EBITDA changed year-over-year?
Adobe's EV / EBITDA decreased by 44.5% year-over-year, from 19.6× to 10.9×.
What is the long-term trend for Adobe's EV / EBITDA?
Over 4 years (2021 to 2025), Adobe's EV / EBITDA has grown at a -20.4% compound annual growth rate (CAGR), from 179.2× to 71.8×.
What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.