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Adobe ADBE Lease impairment charges

Lease impairment charges at other companies

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$0-100%

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$108.5B-23.3%
Enterprise value$110.65B-22.7%
P/E15×-5.6×
P/S4.3×-2.0×

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:OperatingLeaseImpairmentLoss.

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
Line itemYears Ended / November 28,2025Years Ended / November 29,2024Years Ended / December 1,2023
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion818857872
Stock-based compensation1,9421,8331,718
Lease-related asset impairments78
Deferred income taxes(512)(468)(426)
Other non-cash items485265
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:
Trade receivables, net(275)143(159)

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Adobe's lease impairment charges?
Adobe (ADBE) reported lease impairment charges of $0 in Q3 2025.
How has Adobe's lease impairment charges changed year-over-year?
Adobe's lease impairment charges decreased by 100.0% year-over-year, from $19.5M to $0.
What does lease impairment charges mean?
This represents a non-cash charge taken when the carrying value of a leased asset exceeds its recoverable amount. It reflects a reduction in the expected future economic benefit of leased office space or equipment.

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