ADBE
Adobe Inc. (ADBE)
Last Price$433.7(0.3%)
Market Cap$193.1B
LTM Research & Development Expenses (R&D)
$3,944.0M
YoY Growth
+13.6%
3Y CAGR
+15.7%
5Y CAGR
+15.4%
Stock quality & Intrinsic value
8/10
15.5% undervalued

Adobe Inc. Research & Development Expenses (R&D)

Annual
Quarterly
LTM
Crunching data... Almost there!
Dec'05Dec'06Nov'07Nov'08Nov'09Dec'10Dec'11Nov'12Nov'13Nov'14Nov'15Dec'16Dec'17Nov'18Nov'19Nov'20Dec'21Dec'22Dec'23Nov'24
Research & Development Expenses (R&D)
$365.3M
$539.7M
$613.2M
$662.1M
$565.1M
$680.3M
$738.1M
$742.8M
$826.6M
$844.4M
$862.7M
$976.0M
$1,224.1M
$1,537.8M
$1,930.2M
$2,188.0M
$2,540.0M
$2,987.0M
$3,473.0M
$3,944.0M
ADBE
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Adobe Inc. (ADBE) Research & Development Expenses (R&D) comparison analysis

ADBE key stats

USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
Dec'05Dec'06Nov'07Nov'08Nov'09Dec'10Dec'11Nov'12Nov'13Nov'14Nov'15Dec'16Dec'17Nov'18Nov'19Nov'20Dec'21Dec'22Dec'23Nov'24
% growth
1,966.3
18.0%
2,575.3
31.0%
3,157.9
22.6%
3,579.9
13.4%
2,945.9
(17.7%)
3,800.0
29.0%
4,216.3
11.0%
4,403.7
4.4%
4,055.2
(7.9%)
4,147.1
2.3%
4,795.5
15.6%
5,854.4
22.1%
7,301.5
24.7%
9,030.0
23.7%
11,171.3
23.7%
12,868.0
15.2%
15,785.0
22.7%
17,606.0
11.5%
19,409.0
10.2%
21,505.0
10.8%
Cost of Goods Sold (COGS)112.6292.5354.7362.6296.7403.5437.9483.8586.6622.1744.3819.91,010.51,195.01,672.71,722.01,865.02,165.02,354.02,358.0
% margin
1,853.7
94.3%
2,282.8
88.6%
2,803.2
88.8%
3,217.3
89.9%
2,649.1
89.9%
3,396.5
89.4%
3,778.4
89.6%
3,919.9
89.0%
3,468.7
85.5%
3,525.0
85.0%
4,051.2
84.5%
5,034.5
86.0%
6,291.0
86.2%
7,835.0
86.8%
9,498.6
85.0%
11,146.0
86.6%
13,920.0
88.2%
15,441.0
87.7%
17,055.0
87.9%
19,147.0
89.0%
Operating Expenses1,125.31,711.81,945.02,156.91,917.32,380.22,581.32,742.63,019.53,092.43,146.53,542.44,122.94,994.66,230.56,909.08,118.09,343.010,405.012,406.0
Research & Development Expenses (R&D)365.3539.7613.2662.1565.1680.3738.1742.8826.6844.4862.7976.01,224.11,537.81,930.22,188.02,540.02,987.03,473.03,944.0
Selling, General & Administrative Expenses (SG&A)760.01,102.31,259.41,426.61,280.71,627.71,800.41,951.12,140.62,215.12,215.22,487.92,822.33,365.74,125.04,559.05,406.06,187.06,764.07,293.0
728.4
37.0%
551.3
21.4%
857.6
27.2%
1,028.3
28.7%
690.5
23.4%
993.1
26.1%
1,099.3
26.1%
1,180.2
26.8%
422.7
10.4%
412.7
10.0%
903.1
18.8%
1,493.6
25.5%
2,168.1
29.7%
2,840.4
31.5%
3,268.1
29.3%
4,237.0
32.9%
5,802.0
36.8%
6,098.0
34.6%
6,650.0
34.3%
6,741.0
31.3%
Interest Income0.00.00.043.831.421.924.524.521.921.428.847.366.192.542.343.017.061.0269.00.0
Interest Expense0.00.00.010.03.457.067.067.567.559.764.270.474.489.2157.2116.0113.0112.0113.00.0
Pre-tax Income765.8679.7947.21,078.5701.5943.21,035.21,118.8356.1361.4873.81,435.12,137.62,793.93,204.74,176.05,705.06,008.06,799.06,931.0
% effective tax rate
162.9
21.3%
173.9
25.6%
223.4
23.6%
206.7
19.2%
315.0
44.9%
168.5
17.9%
202.4
19.5%
286.0
25.6%
66.2
18.6%
93.0
25.7%
244.2
28.0%
266.4
18.6%
443.7
20.8%
203.1
7.3%
253.3
7.9%
(1,084.0)
(26.0%)
883.0
15.5%
1,252.0
20.8%
1,371.0
20.2%
1,371.0
19.8%
% margin
602.8
30.7%
505.8
19.6%
723.8
22.9%
871.8
24.4%
386.5
13.1%
774.7
20.4%
832.8
19.8%
832.8
18.9%
290.0
7.2%
253.6
6.1%
629.6
13.1%
1,168.8
20.0%
1,694.0
23.2%
2,590.8
28.7%
2,951.5
26.4%
5,260.0
40.9%
4,822.0
30.5%
4,756.0
27.0%
5,428.0
28.0%
5,560.0
25.9%
EPS1.230.851.241.620.741.491.671.680.580.511.262.353.435.286.0710.9410.1010.1311.8812.44
Diluted EPS1.190.831.211.590.731.471.651.660.560.501.242.323.385.206.0010.8310.0210.1011.8312.36
% margin
728.4
37.0%
987.5
38.3%
1,262.7
40.0%
1,358.8
38.0%
987.4
33.5%
1,292.8
34.0%
1,372.4
32.5%
1,486.0
33.7%
744.9
18.4%
734.7
17.7%
1,277.4
26.6%
1,837.1
31.4%
2,538.0
34.8%
3,229.6
35.8%
4,097.4
36.7%
5,133.0
39.9%
6,675.0
42.3%
7,055.0
40.1%
6,650.0
34.3%
7,957.0
37.0%

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FAQ

1) What is Adobe Inc.'s Research & Development Expenses (R&D)?

As of today, Adobe Inc.'s last 12-month Research & Development Expenses (R&D) is $3,944.0M, based on the financial report for Nov 29, 2024 (Q4’2024).

2) What is Adobe Inc.'s Research & Development Expenses (R&D) growth rate?

Over the last year, Adobe Inc.'s Research & Development Expenses (R&D) growth was 13.6%. The average annual Research & Development Expenses (R&D) growth rates for Adobe Inc. have been 18.6% over the past three years, 15.4% over the past five years.

3) Is Adobe Inc.'s Research & Development Expenses (R&D) growth rate Good?

Over the last year, Adobe Inc.'s Research & Development Expenses (R&D) growth was 13.6%, which is higher than industry growth of 0.1%. It indicates that Adobe Inc.'s Research & Development Expenses (R&D) growth is Bad.

4) How does Adobe Inc.'s Research & Development Expenses (R&D) growth rate compare to its peers?

Over the last year, Adobe Inc.'s Research & Development Expenses (R&D) growth was 13.6%, which is lower than peer median growth of 21.1%. The list of peers includes MSFT, ORCL, SQ, SNPS, PANW, CRWD, HOOD, FTNT, PLTR, NET etc.