Adobe total debt 1986–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Adobe's total debt was 6.76B USD on 28 August 2026, up 1.9% on a year before. At the end of fiscal year 2025 it was 6.65B USD.
Last updated 7 Nov 2026 · Next report 9 Dec 2026
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 28 Aug 2026 | 6.76B | +1.90% | 5.64B | -1.12B | 0.57 |
| FY2025 | 28 Nov 2025 | 6.65B | +9.78% | 6.60B | -53.00M | 0.57 |
| FY2024 | 29 Nov 2024 | 6.06B | +48.43% | 7.89B | 1.83B | 0.43 |
| FY2023 | 1 Dec 2023 | 4.08B | -11.94% | 7.84B | 3.76B | 0.25 |
| FY2022 | 2 Dec 2022 | 4.63B | -0.86% | 6.10B | 1.46B | 0.33 |
| FY2021 | 3 Dec 2021 | 4.67B | -0.74% | 5.80B | 1.13B | 0.32 |
| FY2020 | 27 Nov 2020 | 4.71B | +13.77% | 5.99B | 1.28B | 0.35 |
| FY2019 | 29 Nov 2019 | 4.14B | +0.32% | 4.18B | 39.00M | 0.39 |
| FY2018 | 30 Nov 2018 | 4.12B | +119.24% | 3.23B | -895.84M | 0.44 |
| FY2017 | 1 Dec 2017 | 1.88B | -0.57% | 5.82B | 3.94B | 0.22 |
| FY2016 | 2 Dec 2016 | 1.89B | -0.79% | 4.76B | 2.87B | 0.25 |
| FY2015 | 27 Nov 2015 | 1.91B | +25.68% | 3.99B | 2.08B | 0.27 |
| FY2014 | 28 Nov 2014 | 1.52B | -0.94% | 3.74B | 2.22B | 0.22 |
| FY2013 | 29 Nov 2013 | 1.53B | +1.58% | 3.17B | 1.64B | 0.23 |
| FY2012 | 30 Nov 2012 | 1.51B | -0.41% | 3.54B | 2.03B | 0.23 |
| FY2011 | 2 Dec 2011 | 1.51B | -1.81% | 2.91B | 1.40B | 0.26 |
| FY2010 | 3 Dec 2010 | 1.54B | +54.22% | 2.47B | 925.86M | 0.30 |
| FY2009 | 27 Nov 2009 | 1.00B | +185.71% | 1.90B | 904.47M | 0.20 |
| FY2008 | 28 Nov 2008 | 350.00M | — | 2.02B | 1.67B | 0.08 |
| FY2007 | 30 Nov 2007 | 0.00 | — | 1.99B | 1.99B | 0.00 |
| FY2006 | 1 Dec 2006 | 0.00 | — | 2.28B | 2.28B | 0.00 |
| FY2005 | 2 Dec 2005 | 0.00 | — | 1.70B | 1.70B | 0.00 |
| FY2004 | 3 Dec 2004 | 0.00 | — | 1.31B | 1.31B | 0.00 |
| FY2003 | 28 Nov 2003 | 0.00 | — | 1.10B | 1.10B | 0.00 |
| FY2002 | 29 Nov 2002 | 0.00 | — | 617.74M | 617.74M | 0.00 |
| FY2001 | 30 Nov 2001 | 0.00 | — | 581.61M | 581.61M | 0.00 |
| FY2000 | 1 Dec 2000 | 0.00 | — | 679.85M | 679.85M | 0.00 |
| FY1999 | 3 Dec 1999 | 0.00 | — | 498.72M | 498.72M | 0.00 |
| FY1998 | 27 Nov 1998 | 0.00 | — | 272.55M | 272.55M | 0.00 |
| FY1997 | 28 Nov 1997 | 0.00 | — | 502.96M | 502.96M | 0.00 |
| FY1996 | 29 Nov 1996 | 0.00 | — | 564.12M | 564.12M | 0.00 |
| FY1995 | 1 Dec 1995 | 0.00 | — | 516.04M | 516.04M | 0.00 |
| FY1994 | 25 Nov 1994 | 0.00 | — | 444.77M | 444.77M | 0.00 |
| FY1993 | 30 Nov 1993 | 0.00 | — | 94.70M | 94.70M | 0.00 |
| FY1992 | 30 Nov 1992 | 0.00 | — | 47.20M | 47.20M | 0.00 |
| FY1991 | 30 Nov 1991 | 0.00 | -100.00% | 30.30M | 30.30M | 0.00 |
| FY1990 | 30 Nov 1990 | 200.00K | -60.00% | 19.50M | 19.30M | 0.00 |
| FY1989 | 30 Nov 1989 | 500.00K | -44.44% | 13.10M | 12.60M | 0.01 |
| FY1988 | 30 Nov 1988 | 900.00K | — | 35.20M | 34.30M | 0.02 |
| FY1987 | 30 Nov 1987 | 0.00 | — | 17.40M | 17.40M | 0.00 |
| FY1986 | 30 Nov 1986 | 0.00 | — | 12.90M | 12.90M | 0.00 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 28 Aug 2026 | 6.76B | +1.90% | 5.64B | -1.12B | 0.57 |
| Q2 FY2026 | 29 May 2026 | 7.07B | +7.65% | 5.63B | -1.44B | 0.61 |
| Q1 FY2026 | 27 Feb 2026 | 6.66B | +1.42% | 6.89B | 234.00M | 0.58 |
| Q4 FY2025 | 28 Nov 2025 | 6.65B | +9.78% | 6.60B | -53.00M | 0.57 |
| Q3 FY2025 | 29 Aug 2025 | 6.64B | +9.18% | 5.94B | -696.00M | 0.56 |
| Q2 FY2025 | 30 May 2025 | 6.56B | +7.77% | 5.71B | -850.00M | 0.57 |
| Q1 FY2025 | 28 Feb 2025 | 6.56B | +60.62% | 7.44B | 872.00M | 0.50 |
| Q4 FY2024 | 29 Nov 2024 | 6.06B | +48.43% | 7.89B | 1.83B | 0.43 |
| Q3 FY2024 | 30 Aug 2024 | 6.08B | +48.39% | 7.52B | 1.44B | 0.42 |
| Q2 FY2024 | 31 May 2024 | 6.09B | +48.07% | 8.07B | 1.98B | 0.41 |
| Q1 FY2024 | 1 Mar 2024 | 4.09B | -0.97% | 6.82B | 2.73B | 0.26 |
| Q4 FY2023 | 1 Dec 2023 | 4.08B | -11.94% | 7.84B | 3.76B | 0.25 |
| Q3 FY2023 | 1 Sept 2023 | 4.10B | -11.74% | 7.52B | 3.42B | 0.26 |
| Q2 FY2023 | 2 Jun 2023 | 4.11B | -11.70% | 6.60B | 2.49B | 0.28 |
| Q1 FY2023 | 3 Mar 2023 | 4.13B | -11.55% | 5.65B | 1.53B | 0.29 |
| Q4 FY2022 | 2 Dec 2022 | 4.63B | -0.86% | 6.10B | 1.46B | 0.33 |
| Q3 FY2022 | 2 Sept 2022 | 4.64B | -0.94% | 5.76B | 1.12B | 0.32 |
| Q2 FY2022 | 3 Jun 2022 | 4.66B | -0.75% | 5.30B | 641.00M | 0.33 |
| Q1 FY2022 | 4 Mar 2022 | 4.67B | -0.89% | 4.70B | 36.00M | 0.34 |
| Q4 FY2021 | 3 Dec 2021 | 4.67B | -0.74% | 5.80B | 1.13B | 0.32 |
| Q3 FY2021 | 3 Sept 2021 | 4.69B | -0.87% | 6.16B | 1.48B | 0.33 |
| Q2 FY2021 | 4 Jun 2021 | 4.69B | -0.09% | 5.77B | 1.08B | 0.34 |
| Q1 FY2021 | 5 Mar 2021 | 4.71B | -0.08% | 4.96B | 256.00M | 0.35 |
| Q4 FY2020 | 27 Nov 2020 | 4.71B | +13.77% | 5.99B | 1.28B | 0.35 |
| Q3 FY2020 | 28 Aug 2020 | 4.73B | +14.24% | 5.26B | 538.00M | 0.40 |
| Q2 FY2020 | 29 May 2020 | 4.70B | +13.63% | 4.35B | -346.00M | 0.43 |
| Q1 FY2020 | 28 Feb 2020 | 4.71B | +14.08% | 4.17B | -540.00M | 0.45 |
| Q4 FY2019 | 29 Nov 2019 | 4.14B | +0.32% | 4.18B | 39.00M | 0.39 |
| Q3 FY2019 | 30 Aug 2019 | 4.14B | +120.68% | 3.65B | -486.23M | 0.40 |
| Q2 FY2019 | 31 May 2019 | 4.13B | +120.57% | 3.48B | -654.63M | 0.42 |
| Q1 FY2019 | 1 Mar 2019 | 4.13B | +120.27% | 3.23B | -903.33M | 0.42 |
| Q4 FY2018 | 30 Nov 2018 | 4.12B | +119.24% | 3.23B | -895.84M | 0.44 |
| Q3 FY2018 | 31 Aug 2018 | 1.87B | -0.77% | 4.94B | 3.07B | 0.21 |
| Q2 FY2018 | 1 Jun 2018 | 1.87B | -0.76% | 6.33B | 4.46B | 0.22 |
| Q1 FY2018 | 2 Mar 2018 | 1.87B | -0.49% | 6.15B | 4.27B | 0.22 |
| Q4 FY2017 | 1 Dec 2017 | 1.88B | -0.57% | 5.82B | 3.94B | 0.22 |
| Q3 FY2017 | 1 Sept 2017 | 1.89B | -1.43% | 5.37B | 3.48B | 0.23 |
| Q2 FY2017 | 2 Jun 2017 | 1.89B | -1.56% | 4.93B | 3.04B | 0.24 |
| Q1 FY2017 | 3 Mar 2017 | 1.88B | -1.71% | 4.65B | 2.76B | 0.25 |
| Q4 FY2016 | 2 Dec 2016 | 1.89B | -0.79% | 4.76B | 2.87B | 0.25 |
| Q3 FY2016 | 2 Sept 2016 | 1.92B | +0.55% | 4.45B | 2.53B | 0.26 |
| Q2 FY2016 | 3 Jun 2016 | 1.92B | +0.74% | 4.32B | 2.40B | 0.26 |
| Q1 FY2016 | 4 Mar 2016 | 1.92B | +0.80% | 4.10B | 2.18B | 0.27 |
| Q4 FY2015 | 27 Nov 2015 | 1.91B | +25.68% | 3.99B | 2.08B | 0.27 |
| Q3 FY2015 | 28 Aug 2015 | 1.91B | +26.38% | 3.67B | 1.76B | 0.28 |
| Q2 FY2015 | 29 May 2015 | 1.90B | +26.43% | 3.41B | 1.51B | 0.29 |
| Q1 FY2015 | 27 Feb 2015 | 1.90B | +25.96% | 3.18B | 1.28B | 0.29 |
| Q4 FY2014 | 28 Nov 2014 | 1.52B | -0.94% | 3.74B | 2.22B | 0.22 |
| Q3 FY2014 | 29 Aug 2014 | 1.51B | -0.76% | 3.52B | 2.01B | 0.22 |
| Q2 FY2014 | 30 May 2014 | 1.51B | -1.27% | 3.33B | 1.82B | 0.23 |
| Q1 FY2014 | 28 Feb 2014 | 1.51B | -1.42% | 3.13B | 1.62B | 0.23 |
| Q4 FY2013 | 29 Nov 2013 | 1.53B | +1.58% | 3.17B | 1.64B | 0.23 |
| Q3 FY2013 | 30 Aug 2013 | 1.52B | +0.59% | 3.16B | 1.64B | 0.22 |
| Q2 FY2013 | 31 May 2013 | 1.53B | +1.03% | 3.87B | 2.34B | 0.22 |
| Q1 FY2013 | 1 Mar 2013 | 1.53B | +1.27% | 3.66B | 2.13B | 0.23 |
| Q4 FY2012 | 30 Nov 2012 | 1.51B | -0.41% | 3.54B | 2.03B | 0.23 |
| Q3 FY2012 | 31 Aug 2012 | 1.51B | -0.36% | 3.25B | 1.74B | 0.23 |
| Q2 FY2012 | 1 Jun 2012 | 1.51B | -0.55% | 3.00B | 1.49B | 0.25 |
| Q1 FY2012 | 2 Mar 2012 | 1.51B | -0.54% | 2.77B | 1.25B | 0.25 |
| Q4 FY2011 | 2 Dec 2011 | 1.51B | -1.81% | 2.91B | 1.40B | 0.26 |
| Q3 FY2011 | 2 Sept 2011 | 1.52B | -0.53% | 2.72B | 1.20B | 0.27 |
| Q2 FY2011 | 3 Jun 2011 | 1.52B | +1.66% | 2.63B | 1.11B | 0.28 |
| Q1 FY2011 | 4 Mar 2011 | 1.52B | +1.80% | 2.64B | 1.12B | 0.28 |
| Q4 FY2010 | 3 Dec 2010 | 1.54B | +54.22% | 2.47B | 925.86M | 0.30 |
| Q3 FY2010 | 3 Sept 2010 | 1.52B | +335.56% | 2.58B | 1.05B | 0.30 |
| Q2 FY2010 | 4 Jun 2010 | 1.49B | +326.76% | 2.64B | 1.15B | 0.29 |
| Q1 FY2010 | 5 Mar 2010 | 1.49B | +326.73% | 2.67B | 1.18B | 0.29 |
| Q4 FY2009 | 27 Nov 2009 | 1.00B | +185.71% | 1.90B | 904.47M | 0.20 |
| Q3 FY2009 | 28 Aug 2009 | 350.00M | 0.00% | 2.56B | 2.21B | 0.07 |
| Q2 FY2009 | 29 May 2009 | 350.00M | — | 2.66B | 2.31B | 0.07 |
| Q1 FY2009 | 27 Feb 2009 | 350.00M | -22.22% | 2.38B | 2.03B | 0.08 |
| Q4 FY2008 | 28 Nov 2008 | 350.00M | — | 2.02B | 1.67B | 0.08 |
| Q3 FY2008 | 29 Aug 2008 | 350.00M | — | 2.00B | 1.65B | 0.08 |
| Q2 FY2008 | 8 May 2008 | 350.00M | — | 1.86B | 1.51B | 0.09 |
| Q1 FY2008 | 29 Feb 2008 | 450.00M | — | 1.72B | 1.27B | 0.12 |
| Q4 FY2007 | 30 Nov 2007 | 0.00 | — | 1.99B | 1.99B | 0.00 |
| Q3 FY2007 | 31 Aug 2007 | 0.00 | — | 1.96B | 1.96B | 0.00 |
| Q2 FY2007 | 1 Jun 2007 | 0.00 | — | 2.32B | 2.32B | 0.00 |
| Q1 FY2007 | 2 Mar 2007 | 0.00 | — | 2.28B | 2.28B | 0.00 |
| Q4 FY2006 | 1 Dec 2006 | 0.00 | — | 2.28B | 2.28B | 0.00 |
| Q3 FY2006 | 1 Sept 2006 | 0.00 | — | 1.99B | 1.99B | 0.00 |
| Q2 FY2006 | 2 Jun 2006 | 0.00 | — | 1.83B | 1.83B | 0.00 |
| Q1 FY2006 | 3 Mar 2006 | 0.00 | — | 2.10B | 2.10B | 0.00 |
| Q4 FY2005 | 2 Dec 2005 | 0.00 | — | 1.70B | 1.70B | 0.00 |
| Q3 FY2005 | 2 Sept 2005 | 0.00 | — | 1.89B | 1.89B | 0.00 |
| Q2 FY2005 | 3 Jun 2005 | 0.00 | — | 1.69B | 1.69B | 0.00 |
| Q1 FY2005 | 4 Mar 2005 | 0.00 | — | 1.47B | 1.47B | 0.00 |
| Q4 FY2004 | 3 Dec 2004 | 0.00 | — | 1.31B | 1.31B | 0.00 |
| Q3 FY2004 | 3 Sept 2004 | 0.00 | — | 1.14B | 1.14B | 0.00 |
| Q2 FY2004 | 4 Jun 2004 | 0.00 | — | 1.28B | 1.28B | 0.00 |
| Q1 FY2004 | 5 Mar 2004 | 0.00 | — | 1.25B | 1.25B | 0.00 |
| Q4 FY2003 | 28 Nov 2003 | 0.00 | — | 1.10B | 1.10B | 0.00 |
| Q3 FY2003 | 29 Aug 2003 | 0.00 | — | 852.73M | 852.73M | 0.00 |
| Q2 FY2003 | 30 May 2003 | 0.00 | — | 782.62M | 782.62M | 0.00 |
| Q1 FY2003 | 28 Feb 2003 | 0.00 | — | 652.66M | 652.66M | 0.00 |
| Q4 FY2002 | 29 Nov 2002 | 0.00 | — | 617.74M | 617.74M | 0.00 |
| Q3 FY2002 | 30 Aug 2002 | 0.00 | — | 636.23M | 636.23M | 0.00 |
| Q2 FY2002 | 31 May 2002 | 0.00 | — | 699.91M | 699.91M | 0.00 |
| Q1 FY2002 | 1 Mar 2002 | 0.00 | — | 620.79M | 620.79M | 0.00 |
| Q4 FY2001 | 30 Nov 2001 | 0.00 | — | 581.61M | 581.61M | 0.00 |
| Q3 FY2001 | 31 Aug 2001 | 0.00 | — | 575.89M | 575.89M | 0.00 |
| Q2 FY2001 | 1 Jun 2001 | 0.00 | — | 588.17M | 588.17M | 0.00 |
| Q1 FY2001 | 2 Mar 2001 | 0.00 | — | 620.22M | 620.22M | 0.00 |
| Q4 FY2000 | 1 Dec 2000 | 0.00 | — | 679.85M | 679.85M | 0.00 |
| Q3 FY2000 | 1 Sept 2000 | 0.00 | — | 628.22M | 628.22M | 0.00 |
| Q2 FY2000 | 2 Jun 2000 | 0.00 | — | 545.47M | 545.47M | 0.00 |
| Q1 FY2000 | 3 Mar 2000 | 0.00 | — | 641.71M | 641.71M | 0.00 |
| Q4 FY1999 | 3 Dec 1999 | 0.00 | — | 498.72M | 498.72M | 0.00 |
| Q3 FY1999 | 3 Sept 1999 | 0.00 | — | 480.97M | 480.97M | 0.00 |
| Q2 FY1999 | 4 Jun 1999 | 0.00 | — | 326.54M | 326.54M | 0.00 |
| Q1 FY1999 | 5 Mar 1999 | 0.00 | — | 263.24M | 263.24M | 0.00 |
| Q4 FY1998 | 27 Nov 1998 | 0.00 | — | 272.55M | 272.55M | 0.00 |
| Q3 FY1998 | 28 Aug 1998 | 0.00 | — | 443.27M | 443.27M | 0.00 |
| Q2 FY1998 | 29 May 1998 | 0.00 | — | 392.60M | 392.60M | 0.00 |
| Q1 FY1998 | 27 Feb 1998 | 0.00 | — | 378.20M | 378.20M | 0.00 |
| Q4 FY1997 | 28 Nov 1997 | 0.00 | — | 502.96M | 502.96M | 0.00 |
| Q3 FY1997 | 29 Aug 1997 | 0.00 | — | 687.16M | 687.16M | 0.00 |
| Q2 FY1997 | 30 May 1997 | 0.00 | — | 647.46M | 647.46M | 0.00 |
| Q1 FY1997 | 28 Feb 1997 | 0.00 | — | 568.06M | 568.06M | 0.00 |
| Q4 FY1996 | 29 Nov 1996 | 0.00 | — | 564.12M | 564.12M | 0.00 |
| Q3 FY1996 | 30 Aug 1996 | 0.00 | — | 489.49M | 489.49M | 0.00 |
| Q2 FY1996 | 31 May 1996 | 0.00 | — | 523.32M | 523.32M | 0.00 |
| Q1 FY1996 | 1 Mar 1996 | 0.00 | — | 539.83M | 539.83M | 0.00 |
| Q4 FY1995 | 1 Dec 1995 | 0.00 | — | 516.04M | 516.04M | 0.00 |
| Q3 FY1995 | 1 Sept 1995 | 0.00 | — | 474.29M | 474.29M | 0.00 |
| Q2 FY1995 | 2 Jun 1995 | 0.00 | — | 443.36M | 443.36M | 0.00 |
| Q1 FY1995 | 3 Mar 1995 | 0.00 | — | 423.16M | 423.16M | 0.00 |
| Q4 FY1994 | 25 Nov 1994 | 0.00 | — | 444.77M | 444.77M | 0.00 |
| Q3 FY1994 | 31 Aug 1994 | 0.00 | — | 150.80M | 150.80M | 0.00 |
| Q2 FY1994 | 31 May 1994 | 0.00 | — | 135.20M | 135.20M | 0.00 |
| Q1 FY1994 | 28 Feb 1994 | 0.00 | — | 87.10M | 87.10M | 0.00 |
| Q4 FY1993 | 30 Nov 1993 | 0.00 | — | 94.70M | 94.70M | 0.00 |
| Q3 FY1993 | 31 Aug 1993 | 0.00 | -100.00% | 75.20M | 75.20M | 0.00 |
| Q2 FY1993 | 31 May 1993 | 0.00 | — | 91.50M | 91.50M | 0.00 |
| Q1 FY1993 | 28 Feb 1993 | 0.00 | — | 36.60M | 36.60M | 0.00 |
| Q4 FY1992 | 30 Nov 1992 | 0.00 | — | 47.20M | 47.20M | 0.00 |
| Q3 FY1992 | 31 Aug 1992 | 5.90M | +5,800.00% | 21.70M | 15.80M | 0.03 |
| Q2 FY1992 | 31 May 1992 | 0.00 | -100.00% | 49.50M | 49.50M | 0.00 |
| Q1 FY1992 | 29 Feb 1992 | 0.00 | -100.00% | 33.20M | 33.20M | 0.00 |
| Q4 FY1991 | 30 Nov 1991 | 0.00 | -100.00% | 30.30M | 30.30M | 0.00 |
| Q3 FY1991 | 31 Aug 1991 | 100.00K | -75.00% | 12.80M | 12.70M | 0.00 |
| Q2 FY1991 | 31 May 1991 | 200.00K | -50.00% | 17.40M | 17.20M | 0.00 |
| Q1 FY1991 | 28 Feb 1991 | 200.00K | -60.00% | 13.10M | 12.90M | 0.00 |
| Q4 FY1990 | 30 Nov 1990 | 200.00K | -60.00% | 19.50M | 19.30M | 0.00 |
| Q3 FY1990 | 31 Aug 1990 | 400.00K | -33.33% | 12.70M | 12.30M | 0.00 |
| Q2 FY1990 | 31 May 1990 | 400.00K | -42.86% | 21.30M | 20.90M | 0.00 |
| Q1 FY1990 | 28 Feb 1990 | 500.00K | — | 15.30M | 14.80M | 0.01 |
| Q4 FY1989 | 30 Nov 1989 | 500.00K | -44.44% | 13.10M | 12.60M | 0.01 |
| Q3 FY1989 | 31 Aug 1989 | 600.00K | — | 9.40M | 8.80M | 0.01 |
| Q2 FY1989 | 31 May 1989 | 700.00K | — | 10.60M | 9.90M | 0.01 |
| Q4 FY1988 | 30 Nov 1988 | 900.00K | — | 35.20M | 34.30M | 0.02 |
| Q4 FY1987 | 30 Nov 1987 | 0.00 | — | 17.40M | 17.40M | 0.00 |
| Q4 FY1986 | 30 Nov 1986 | 0.00 | — | 12.90M | 12.90M | 0.00 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Adobe's debt
Source: Financial Modeling PrepVerified against SEC filings
