Return on Equity (ROE)
since 2005
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Current Ratio since 2005
- Price to Book Value (P/BV) since 2005
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Calculation
Adobe Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Nov 28, 2025 | = | 100 | × | ÷ | |||
| Nov 29, 2024 | = | 100 | × | ÷ | |||
| Dec 1, 2023 | = | 100 | × | ÷ | |||
| Dec 2, 2022 | = | 100 | × | ÷ | |||
| Dec 3, 2021 | = | 100 | × | ÷ | |||
| Nov 27, 2020 | = | 100 | × | ÷ | |||
| Nov 29, 2019 | = | 100 | × | ÷ | |||
| Nov 30, 2018 | = | 100 | × | ÷ | |||
| Dec 1, 2017 | = | 100 | × | ÷ | |||
| Dec 2, 2016 | = | 100 | × | ÷ | |||
| Nov 27, 2015 | = | 100 | × | ÷ | |||
| Nov 28, 2014 | = | 100 | × | ÷ | |||
| Nov 29, 2013 | = | 100 | × | ÷ | |||
| Nov 30, 2012 | = | 100 | × | ÷ | |||
| Dec 2, 2011 | = | 100 | × | ÷ | |||
| Dec 3, 2010 | = | 100 | × | ÷ | |||
| Nov 27, 2009 | = | 100 | × | ÷ | |||
| Nov 28, 2008 | = | 100 | × | ÷ | |||
| Nov 30, 2007 | = | 100 | × | ÷ | |||
| Dec 1, 2006 | = | 100 | × | ÷ | |||
| Dec 2, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
1 US$ in millions
The return on equity (ROE) exhibited considerable fluctuation over the period examined, ranging from a low of 3.96% to a high of 61.34%. Initial values demonstrated a strong ROE, followed by a period of volatility and subsequent growth.
- Initial Period (2005-2009)
- The ROE began at 32.34% in 2005, then experienced a significant decline to 9.82% in 2006. A recovery was observed in 2007 and 2008, reaching 15.57% and 19.77% respectively. However, 2009 saw a substantial decrease to 7.90%, representing the lowest point in the first half of the analyzed timeframe.
- Recovery and Moderate Growth (2010-2014)
- From 2010 to 2014, the ROE demonstrated a recovery and period of moderate growth. It increased from 14.92% in 2010 to 15.74% in 2016, with some year-to-year variation. However, the rate of increase was relatively slow, and the ROE plateaued around the 14-16% range. A notable dip occurred in 2013 and 2014, falling to 4.31% and 3.96% respectively.
- Accelerated Growth (2015-2020)
- Beginning in 2015, the ROE experienced a period of accelerated growth. It rose from 8.99% to 39.66% in 2020, indicating a significant improvement in profitability relative to equity. This period saw consistent year-over-year increases, suggesting effective management of resources and strong financial performance. The values in 2017, 2018, and 2019 were 20.02%, 27.67%, and 28.03% respectively, demonstrating a consistent upward trend.
- Recent Performance (2021-2025)
- The ROE remained high in the later years of the period. While it decreased slightly from 39.66% in 2020 to 32.59% in 2021, it rebounded to 33.85% in 2022 and 32.86% in 2023. A substantial increase was observed in 2024, reaching 39.42%, followed by a significant jump to 61.34% in 2025. This recent surge suggests a particularly strong performance in the most recent year.
Overall, the ROE demonstrates a long-term upward trend, despite considerable short-term volatility. The most significant growth occurred between 2015 and 2025, indicating a substantial improvement in the company’s ability to generate profits from shareholder equity. The recent peak in 2025 warrants further investigation to determine the sustainability of this level of performance.
Comparison to Competitors
Adobe Inc., ROE, long-term trends, comparison to competitors
| Adobe Inc. | Accenture PLC | AppLovin Corp. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 28, 2025 | ||||||||||||||||
| Nov 29, 2024 | ||||||||||||||||
| Dec 1, 2023 | ||||||||||||||||
| Dec 2, 2022 | ||||||||||||||||
| Dec 3, 2021 | ||||||||||||||||
| Nov 27, 2020 | ||||||||||||||||
| Nov 29, 2019 | ||||||||||||||||
| Nov 30, 2018 | ||||||||||||||||
| Dec 1, 2017 | ||||||||||||||||
| Dec 2, 2016 | ||||||||||||||||
| Nov 27, 2015 | ||||||||||||||||
| Nov 28, 2014 | ||||||||||||||||
| Nov 29, 2013 | ||||||||||||||||
| Nov 30, 2012 | ||||||||||||||||
| Dec 2, 2011 | ||||||||||||||||
| Dec 3, 2010 | ||||||||||||||||
| Nov 27, 2009 | ||||||||||||||||
| Nov 28, 2008 | ||||||||||||||||
| Nov 30, 2007 | ||||||||||||||||
| Dec 1, 2006 | ||||||||||||||||
| Dec 2, 2005 |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Sector (Software & Services)
Adobe Inc., ROE, long-term trends, comparison to sector (software & services)
| Adobe Inc. | Software & Services | |
|---|---|---|
| Nov 28, 2025 | ||
| Nov 29, 2024 | ||
| Dec 1, 2023 | ||
| Dec 2, 2022 | ||
| Dec 3, 2021 | ||
| Nov 27, 2020 | ||
| Nov 29, 2019 | ||
| Nov 30, 2018 | ||
| Dec 1, 2017 | ||
| Dec 2, 2016 | ||
| Nov 27, 2015 | ||
| Nov 28, 2014 | ||
| Nov 29, 2013 | ||
| Nov 30, 2012 | ||
| Dec 2, 2011 | ||
| Dec 3, 2010 | ||
| Nov 27, 2009 | ||
| Nov 28, 2008 | ||
| Nov 30, 2007 | ||
| Dec 1, 2006 | ||
| Dec 2, 2005 |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).
Comparison to Industry (Information Technology)
Adobe Inc., ROE, long-term trends, comparison to industry (information technology)
| Adobe Inc. | Information Technology | |
|---|---|---|
| Nov 28, 2025 | ||
| Nov 29, 2024 | ||
| Dec 1, 2023 | ||
| Dec 2, 2022 | ||
| Dec 3, 2021 | ||
| Nov 27, 2020 | ||
| Nov 29, 2019 | ||
| Nov 30, 2018 | ||
| Dec 1, 2017 | ||
| Dec 2, 2016 | ||
| Nov 27, 2015 | ||
| Nov 28, 2014 | ||
| Nov 29, 2013 | ||
| Nov 30, 2012 | ||
| Dec 2, 2011 | ||
| Dec 3, 2010 | ||
| Nov 27, 2009 | ||
| Nov 28, 2008 | ||
| Nov 30, 2007 | ||
| Dec 1, 2006 | ||
| Dec 2, 2005 |
Based on: 10-K (reporting date: 2025-11-28), 10-K (reporting date: 2024-11-29), 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30), 10-K (reporting date: 2017-12-01), 10-K (reporting date: 2016-12-02), 10-K (reporting date: 2015-11-27), 10-K (reporting date: 2014-11-28), 10-K (reporting date: 2013-11-29), 10-K (reporting date: 2012-11-30), 10-K (reporting date: 2011-12-02), 10-K (reporting date: 2010-12-03), 10-K (reporting date: 2009-11-27), 10-K (reporting date: 2008-11-28), 10-K (reporting date: 2007-11-30), 10-K (reporting date: 2006-12-01), 10-K (reporting date: 2005-12-02).