Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Adobe Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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
Trade payables
Accrued expenses and other current liabilities
Debt, current portion
Deferred revenue
Income taxes payable
Current operating lease liabilities
Current liabilities
Debt, excluding current portion
Deferred revenue
Income taxes payable
Long-term operating lease liabilities
Other liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.0001 par value; none issued
Common stock, $0.0001 par value
Additional paid-in-capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock, at cost
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 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).


The composition of liabilities and stockholders’ equity exhibited notable shifts over the observed period, spanning from February 2020 to November 2025. A general trend indicates an increasing proportion of stockholders’ equity relative to total liabilities and stockholders’ equity, particularly pronounced in the later periods. Conversely, the proportion of total liabilities demonstrated a decreasing trend, though with some fluctuations, especially between 2020 and 2022.

Current Liabilities
Current liabilities, as a percentage of the total, generally fluctuated between approximately 22% and 29% throughout the period. A noticeable increase occurred from September 2022 through November 2025, peaking at 38.35% in September 2023 before settling at 34.58% in November 2025. Within current liabilities, accrued expenses and other current liabilities consistently represented the largest component, increasing from around 5.85% to 8.98% in November 2025. Deferred revenue also contributed significantly, rising from 16.45% to 23.41% over the same timeframe. The current portion of debt remained relatively small until March 2024, when it increased to 5.21%, then decreased to 2.86% by February 2026.
Long-Term Liabilities
Long-term liabilities demonstrated a declining trend as a percentage of the total, decreasing from approximately 26% in February 2020 to around 23% in November 2025. Deferred revenue within long-term liabilities remained relatively stable, fluctuating between approximately 0.42% and 0.60%. Long-term operating lease liabilities also showed a gradual decrease, from 2.42% to 1.22%. Other liabilities experienced a moderate increase, moving from 1.13% to 1.94%.
Stockholders’ Equity
Stockholders’ equity exhibited a consistent upward trend as a percentage of the total, increasing from approximately 49% in February 2020 to 39% in November 2025. Retained earnings constituted the largest portion of stockholders’ equity, increasing significantly from 72.55% to 158.80% over the period. Additional paid-in-capital also increased, from 31.42% to 53.43%. Accumulated other comprehensive loss remained a relatively small negative percentage, fluctuating between -0.50% and -1.65%. Treasury stock represented a substantial negative percentage, consistently decreasing from -53.74% to -172.74%.
Trade Payables and Income Taxes Payable
Trade payables remained relatively stable, fluctuating between approximately 1.02% and 1.41%. Income taxes payable showed more volatility, with a significant spike in June 2023 (2.95%) and September 2023 (1.70%), followed by a decrease in subsequent periods. These fluctuations suggest potential timing differences in tax payments.

Overall, the observed trends suggest a shift towards greater reliance on equity financing and a reduction in overall debt levels. The increasing proportion of retained earnings indicates strong profitability and reinvestment of earnings. The fluctuations in current liabilities warrant continued monitoring, particularly regarding accrued expenses and deferred revenue.