Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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Adobe Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
May 29, 2026 Feb 27, 2026 Nov 28, 2025 Aug 29, 2025 May 30, 2025 Feb 28, 2025 Nov 29, 2024 Aug 30, 2024 May 31, 2024 Mar 1, 2024 Dec 1, 2023 Sep 1, 2023 Jun 2, 2023 Mar 3, 2023 Dec 2, 2022 Sep 2, 2022 Jun 3, 2022 Mar 4, 2022 Dec 3, 2021 Sep 3, 2021 Jun 4, 2021 Mar 5, 2021 Nov 27, 2020 Aug 28, 2020 May 29, 2020 Feb 28, 2020
Cash and cash equivalents
Short-term investments
Trade receivables, net of allowances for doubtful accounts
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Operating lease right-of-use assets, net
Goodwill
Other intangibles, net
Deferred income taxes
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-05-29), 10-Q (reporting date: 2026-02-27), 10-K (reporting date: 2025-11-28), 10-Q (reporting date: 2025-08-29), 10-Q (reporting date: 2025-05-30), 10-Q (reporting date: 2025-02-28), 10-K (reporting date: 2024-11-29), 10-Q (reporting date: 2024-08-30), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-03-01), 10-K (reporting date: 2023-12-01), 10-Q (reporting date: 2023-09-01), 10-Q (reporting date: 2023-06-02), 10-Q (reporting date: 2023-03-03), 10-K (reporting date: 2022-12-02), 10-Q (reporting date: 2022-09-02), 10-Q (reporting date: 2022-06-03), 10-Q (reporting date: 2022-03-04), 10-K (reporting date: 2021-12-03), 10-Q (reporting date: 2021-09-03), 10-Q (reporting date: 2021-06-04), 10-Q (reporting date: 2021-03-05), 10-K (reporting date: 2020-11-27), 10-Q (reporting date: 2020-08-28), 10-Q (reporting date: 2020-05-29), 10-Q (reporting date: 2020-02-28).


Total assets exhibited a general upward trajectory from February 2020, increasing from 21,214 million US$ to a peak of 30,230 million US$ in November 2024, before stabilizing around 29,933 million US$ by May 2026. This growth was primarily driven by expansions in current assets and significant increases in long-term intangible assets.

Liquidity and Current Asset Trends
Current assets grew from 6,455 million US$ in February 2020 to a high of 11,232 million US$ in November 2024. This trend was characterized by a substantial increase in cash and cash equivalents, which rose from 2,688 million US$ to a peak of 7,660 million US$ in May 2024. Conversely, short-term investments experienced a marked decline, dropping from a peak of 1,962 million US$ in March 2022 to a low of 273 million US$ in November 2024, suggesting a strategic shift in liquidity management or capital allocation.
Trade receivables demonstrated overall growth, rising from 1,389 million US$ in February 2020 to 2,344 million US$ by November 2025, although this figure retracted to 1,993 million US$ by May 2026.
Long-term Asset Composition
Long-term assets expanded from 14,759 million US$ to 20,865 million US$ between February 2020 and February 2026. The most significant driver of this increase was goodwill, which rose from 10,691 million US$ in February 2020 to 14,041 million US$ in February 2026, indicating periodic acquisition activity.
Net property and equipment showed steady growth from 1,340 million US$ in February 2020, peaking at 2,036 million US$ in September 2023, before slightly moderating to 1,870 million US$ by May 2026.
Other intangible assets followed a consistent downward trend, decreasing from 1,626 million US$ in February 2020 to 454 million US$ in February 2026, though a sharp increase to 1,012 million US$ occurred in May 2026.
Deferred Taxes and Other Assets
Deferred income taxes showed a strong and consistent upward trend, increasing from 231 million US$ in May 2020 to a peak of 2,186 million US$ in November 2025, representing a significant increase in the asset base related to future tax benefits.
Other assets grew from 598 million US$ in February 2020 to 1,700 million US$ in February 2026, contributing steadily to the overall growth of the balance sheet.

Assets: Selected Items


Current Assets: Selected Items