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Adobe ADBE Amortization of intangibles

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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$105.42B-25.5%
Enterprise value$107.57B-24.9%
P/E14.6×-6.0×
P/S4.2×-2.1×

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 adbe:OperatingExpensesAmortizationOfPurchasedIntangibles.

The source filing: Adobe’s 10-Q, filed June 15, 2026.

Filed
Jun 15, 2026, 6:04 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000796343-26-000112
Line itemThree Months Ended / May 29,2026Three Months Ended / May 30,2025Six Months Ended / May 29,2026Six Months Ended / May 30,2025
Research and development1,1981,0822,3082,108
Sales and marketing1,8841,6263,5923,121
General and administrative5463771,009744
Amortization of intangibles37417282
Total operating expenses3,6653,1266,9816,055
Operating income2,2382,1094,6564,272
Non-operating income (expense):
Interest expense(65)(68)(128)(130)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Adobe's amortization of intangibles?
Adobe (ADBE) reported amortization of intangibles of $37M in Q1 2026.
How has Adobe's amortization of intangibles changed year-over-year?
Adobe's amortization of intangibles decreased by 9.8% year-over-year, from $41M to $37M.
What is the long-term trend for Adobe's amortization of intangibles?
Over 4 years (2021 to 2025), Adobe's amortization of intangibles has grown at a -2.3% compound annual growth rate (CAGR), from $172M to $157M.
What does amortization of intangibles mean?
This reflects the non-cash expense of allocating the cost of acquired intangible assets, such as patents, customer lists, or brand names, over their useful lives. It is a standard accounting adjustment following M&A activity.

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