Adobe (ADBE) Shares Outstanding (Diluted) (2009 - 2026)
Adobe (ADBE) recorded Shares Outstanding (Diluted) of 395.5 million in fiscal Q3 2026 (quarter ended Aug 28, 2026), down 6.7% from 424.1 million a year earlier and down 1.7% from the prior quarter.
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Analysis
Adobe (ADBE) Shares Outstanding (Diluted) (2009 - 2026) Analysis & Trends
For FY2025 (ended Nov 28, 2025), Adobe reported Shares Outstanding (Diluted) of 427 million, down 5.1% from FY2024.
- Annual Shares Outstanding (Diluted) has declined for 12 straight fiscal years, with a five-year compound annual growth rate of -2.5% (FY2020 to FY2025).
- Across earlier fiscal years, Shares Outstanding (Diluted) came in at 450 million in FY2024 (-2.0%), 459.1 million in FY2023 (-2.5%), 471 million in FY2022 (-2.1%) and 481 million in FY2021 (-0.9%).
- The fiscal Q3 2026 figure is the lowest quarterly Shares Outstanding (Diluted) in data going back to fiscal Q1 2009.
- On a year-over-year basis, Shares Outstanding (Diluted) has declined for 50 consecutive quarters, with an average decline of 5.1% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding (Diluted) ran from 0.8% in fiscal Q1 2024 to 6.7% in fiscal Q3 2026.
- Per Business Quant, the preceding three fiscal quarters came in at 402.5 million (Q2 2026), 411 million (Q1 2026) and 427 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 99.39 Bn | 74.64 Bn | 6.00 Bn | 395.50 Mn |
| 2 | Atlassian | 56.40 Bn | 49.68 Bn | 1.53 Bn | 260.16 Mn |
| 3 | Autodesk | 51.55 Bn | 39.59 Bn | 1.87 Bn | 211.00 Mn |
| 4 | Twilio | 41.87 Bn | 31.94 Bn | 725.87 Mn | 159.71 Mn |
| 5 | Zoom Communications | 28.87 Bn | -1.92 Bn | 985.50 Mn | 299.75 Mn |
| 6 | Figma | 12.14 Bn | 5.65 Bn | 309.61 Mn | 527.46 Mn |
| 7 | Dropbox | 8.22 Bn | 3.86 Bn | 506.50 Mn | 226.80 Mn |
| 8 | Nice | 7.17 Bn | 5.64 Bn | 995.81 Mn | 63.32 Mn |
| 9 | RingCentral | 6.72 Bn | 6.21 Bn | 472.31 Mn | 86.62 Mn |
| 10 | Open Text | 6.42 Bn | 1.85 Bn | 1.01 Bn | 249.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 395.50 Mn |
| May 29, 2026 | 402.50 Mn |
| Feb 27, 2026 | 411.00 Mn |
| Nov 28, 2025 | 427.00 Mn |
| Aug 29, 2025 | 424.10 Mn |
| May 30, 2025 | 429.00 Mn |
| Feb 28, 2025 | 438.00 Mn |
| Nov 29, 2024 | 450.00 Mn |
| Aug 30, 2024 | 448.00 Mn |
| May 31, 2024 | 451.40 Mn |
| Mar 1, 2024 | 456.30 Mn |
| Dec 1, 2023 | 459.10 Mn |
| Sep 1, 2023 | 459.50 Mn |
| Jun 2, 2023 | 459.00 Mn |
| Mar 3, 2023 | 460.00 Mn |
| Dec 2, 2022 | 471.00 Mn |
| Sep 2, 2022 | 469.40 Mn |
| Jun 3, 2022 | 473.30 Mn |
| Mar 4, 2022 | 475.40 Mn |
| Dec 3, 2021 | 481.00 Mn |
API Access
Adobe Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "ADBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();