Adobe authorizes $25B for stock buybacks

How big is it?

Adobe bought back $9.3B of stock in the twelve months to Aug 28, 2026. At that pace, $25.0B covers about 2.7 years of buybacks.

The amount equals 236% of its free cash flow over the same twelve months ($10.6B).

Its diluted share count is down 6.7% from a year earlier.

An authorization is permission, not a promise: the company can buy less, more slowly, or not at all, and usually doesn't have to say when it buys.

Full Adobe buyback record →