Buyback yield (TTM)
11.41%
Shareholder yield (TTM)
11.41%
5Y share count change
-12.0%
Buyback spend (TTM)
$11.89B
Cumulative buybacks
$59.05B
Key takeaways
- Adobe (ADBE) repurchased about $11.89B of stock over the trailing twelve months.
- Diluted share count is down 12.0% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 5.86× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +29.9% per year over the latest 5-year window.
- TTM repurchases used about 112% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Adobe (ADBE)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Adobe (ADBE)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Adobe (ADBE)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Adobe (ADBE)
Latest: $11.28B
Overview
Adobe (ADBE) most recent annual buyback spend stands at $11.28B (2025) – grew 18.7% year-over-year.
Through 2020–2025 (5 years), Adobe buyback spend delivered a +29.9% annualised rate; sustaining 2 straight years of year-over-year growth.
Across the available history, buyback spend reached its high of $11.28B in 2025 and its low of $0.00 in 1991.
Adobe Buyback Spend 2025: $11.28B
Adobe buyback spend in 2025 was $11.28B, grew 18.7% from 2024. This figure represents the highest annual value in the available history.
Adobe Buyback Spend 2024: $9.50B
2024's buyback spend for Adobe came in at $9.50B, surged 115.9% from 2023.
Adobe Buyback Spend 2023: $4.40B
Adobe posted buyback spend of $4.40B in 2023, plunged 32.8% below 2022.
Adobe Buyback Spend 2022: $6.55B
In 2022, Adobe reported buyback spend of $6.55B, surged 65.8% from 2021.
Adobe Buyback Spend 2021: $3.95B
Adobe buyback spend in 2021 was $3.95B.
See more financial history for Adobe (ADBE).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $11.28B | $1.94B | $9.34B | 8.45% | 0.43B | -5.1% | |
| 2024 | $9.50B | $1.88B | $7.62B | 4.16% | 0.45B | -2.0% | |
| 2023 | $4.40B | $1.72B | $2.68B | 1.58% | 0.46B | -2.5% | |
| 2022 | $6.55B | $1.44B | $5.11B | 4.12% | 0.47B | -2.1% | |
| 2021 | $3.95B | $1.07B | $2.88B | 1.35% | 0.48B | -0.8% | |
| 2020 | $3.05B | $909.00M | $2.14B | 1.33% | 0.48B | -1.3% | |
| 2019 | $2.75B | $787.71M | $1.96B | 1.84% | 0.49B | -1.3% | |
| 2018 | $2.05B | $603.47M | $1.45B | 1.67% | 0.50B | -0.7% | |
| 2017 | $1.10B | $451.45M | $648.55M | 1.25% | 0.50B | -0.6% | |
| 2016 | $1.07B | $349.91M | $725.09M | 2.17% | 0.50B | -0.6% | |
| 2015 | $625.00M | $335.84M | $289.16M | 1.36% | 0.51B | -0.3% | |
| 2014 | $600.00M | $333.69M | $266.31M | 1.63% | 0.51B | -1.0% | |
| 2013 | $1.10B | $313.66M | $786.34M | 3.88% | 0.51B | +2.1% | |
| 2012 | $405.00M | $298.50M | $106.50M | 2.36% | 0.50B | -0.2% | |
| 2011 | $695.01M | $286.10M | $408.91M | 5.22% | 0.50B | -4.2% | |
| 2010 | $850.02M | $231.09M | $618.93M | 5.79% | 0.53B | -0.9% | |
| 2009 | $350.01M | $167.58M | $182.43M | 1.89% | 0.53B | -3.3% | |
| 2008 | $1.72B | $172.47M | $1.55B | 14.19% | 0.55B | -8.4% | |
| 2007 | $1.95B | $149.99M | $1.80B | 8.25% | 0.60B | -2.2% | |
| 2006 | $1.36B | $170.53M | $1.19B | 5.90% | 0.61B | +20.5% | |
| 2005 | $600.10M | $0.00 | $600.10M | 2.87% | 0.51B | +2.5% | |
| 2004 | $608.68M | $340.00K | $608.34M | 3.98% | 0.50B | +2.6% | |
| 2003 | $84.78M | $2.83M | $81.95M | 0.86% | 0.48B | -0.7% | |
| 2002 | $293.24M | $6.79M | $286.45M | 4.30% | 0.49B | -2.4% | |
| 2001 | $485.12M | $16.50M | $468.62M | 6.39% | 0.50B | -2.6% | |
| 2000 | $255.46M | $16.50M | $238.96M | — | 0.51B | -1.0% | |
| 1999 | $479.16M | $5.27M | $473.89M | — | 0.52B | -5.0% | |
| 1998 | $379.20M | $0.00 | $379.20M | — | 0.54B | -8.3% | |
| 1997 | $275.64M | $0.00 | $275.64M | — | 0.59B | -2.5% | |
| 1996 | $126.78M | $0.00 | $126.78M | — | 0.61B | — | |
| 1995 | $17.85M | $0.00 | $17.85M | — | — | — | |
| 1994 | $10.28M | $0.00 | $10.28M | — | — | — | |
| 1993 | $25.53M | $0.00 | $25.53M | — | — | — | |
| 1992 | $12.70M | $0.00 | $12.70M | — | — | — | |
| 1991 | $0.00 | $0.00 | $0.00 | — | — | — | |
| 1990 | $1.10M | $0.00 | $1.10M | — | — | — | |
| 1989 | $20.30M | $0.00 | $20.30M | — | — | — |
- 2025$11.28B
- 2024$9.50B
- 2023$4.40B
- 2022$6.55B
- 2021$3.95B
- 2020$3.05B
- 2019$2.75B
- 2018$2.05B
- 2017$1.10B
- 2016$1.07B
- 2015$625.00M
- 2014$600.00M
- 2013$1.10B
- 2012$405.00M
- 2011$695.01M
- 2010$850.02M
- 2009$350.01M
- 2008$1.72B
- 2007$1.95B
- 2006$1.36B
- 2005$600.10M
- 2004$608.68M
- 2003$84.78M
- 2002$293.24M
- 2001$485.12M
- 2000$255.46M
- 1999$479.16M
- 1998$379.20M
- 1997$275.64M
- 1996$126.78M
- 1995$17.85M
- 1994$10.28M
- 1993$25.53M
- 1992$12.70M
- 1991$0.00
- 1990$1.10M
- 1989$20.30M
Buybacks vs stock-based compensation for Adobe (ADBE)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 5.86×.
Buybacks vs dividends (share of cash returned) for Adobe (ADBE)
How Adobe splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Adobe, ranked by their latest buyback spend.
| $90.71B | |
| $40.09B | |
| $18.42B | |
| $6.65B | |
| $6.31B | |
| $1.32B | |
| $0.00 | |
| $0.00 |
- $90.71B
- $40.09B
- $18.42B
- $6.65B
- $6.31B
- $1.32B
- $0.00
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $10.63B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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