Adobe (ADBE) Stock Price vs Operating Income
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Adobe's Operating Income for Q1 fiscal 2026 (ended February 27, 2026) reached $2.4B, up 11.8% year-over-year from $2.2B in Q1 fiscal 2025. Over the same period, Adobe's stock price declined 40.2%, falling from $438.56 to $262.41. The stock price has compressed relative to Operating Income growth, as indicated by the correlation of -0.93 between the two metrics across the measurement window from June 3, 2024 to June 2, 2026. Despite Operating Income increasing from $1.9B in May 2024 to $2.4B in February 2026, the stock price fell from $556.85 in July 2024 to $263.98 in early June 2026, representing significant multiple compression.
Operating Income was $2.4B as of 2026-02-27, +12% year over year. The stock moved -40% over the same window ($438.56 -> $262.41). The stock is now cheaper relative to Operating Income than a year ago (multiple compression).
Latest close: 261.95 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2026-02-27 | 2.4B USD | Q1 10-Q |
| 2025-08-29 | 2.2B USD | Q3 10-Q |
| 2025-05-30 | 2.1B USD | Q2 10-Q |
| 2025-02-28 | 2.2B USD | Q1 10-Q |
| 2024-08-30 | 2.0B USD | Q3 10-Q |
| 2024-05-31 | 1.9B USD | Q2 10-Q |
| 2024-03-01 | 907.0M USD | Q1 10-Q |
| 2023-09-01 | 1.7B USD | Q3 10-Q |
Sources: autario.com/data/stock-adbe-adobe-inc-daily-prices · autario.com/data/adobe-operating-income-sec-filings | data verified and hosted on autario.com.