Buyback Radar
Company reports

Adobe

ADBE

Adobe has retired 33.9% of its shares since 2006, from 588,456,485 to 389,200,000.

33.9%retired since 2006
18.2%last 5 years
7.0%last 12 months
389Mshares today
Shares outstanding, 2006 to todaysplit adjusted, from SEC filings
a quarter gone 2023588M shares, 2006389M2010201520202025
2006, 588,456,4852026-09-18, 389,200,000
A share bought in 2006
1.5× more of Adobe today, without buying another share. It was one of 588,456,485 shares then. It is one of 389,200,000 now.
Every filing we read20 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20062006-12-29588,456,48510-Kcover page
20072007-12-28568,955,87410-Kcover page
20082008-11-28526,111,00010-K
20092010-06-15524,119,63510-K
20102011-01-21504,728,14510-K
20112012-01-20493,802,69010-K
20122013-01-18498,790,94310-K
20132014-01-17496,604,46310-K
20142015-01-16498,314,06110-K
20152016-01-15498,330,40710-K
20162017-01-13494,078,47510-K
20172018-01-12491,578,52910-K
20182019-01-18487,725,91510-K
20192020-01-10482,130,97510-K
20202021-01-08478,700,00010-K
20212022-01-14471,700,00010-K
20222023-01-06457,800,00010-K
20232024-01-05452,000,00010-K
20242025-01-03435,300,00010-K
20252026-01-09410,500,00010-K

Source: all 10-K filings of Adobe on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

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Adobe buybacks, answered

Is Adobe buying back its stock?

Yes. Adobe has 7.0% fewer shares outstanding than twelve months ago, 389,200,000 as of September 18, 2026. Over five years the share count is down 18.2%.

How many shares has Adobe bought back?

Net of every new share it issued, Adobe has 199.3 million fewer shares than at its 2006 peak. That is 33.9% of the company.

How many shares does Adobe have outstanding?

389,200,000 shares, as of September 18, 2026, from the cover page of its latest 10-Q. At the 2006 peak it had 588,456,485.

What do Adobe's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Adobe stock in 2006 owns 1.5 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Adobe compare with other cannibal stocks?

Adobe ranks No. 155 of 251 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Progressive (34.1%), Cummins (33.9%), UnitedHealth (33.8%), Mastercard (33.6%).

Every answer is computed from Adobe's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

Bill NygrenHarris Associates2,829,066 shares, $580.0M, Q2 2026
Richard PzenaPzena Investment Management1,094 shares, $224K, Q2 2026
Chris DavisDavis Selected Advisers67,894 shares, $13.9M, Q2 2026
Polen CapitalPolen Capital Management7,581 shares, $1.6M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

Ricks David ADirector2026-06-25, 10,000 shares at $194.51 $1.9M total

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Adobe in depth on Cannibal Stocks.

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