Adobe Systems Incorporated (ADBE) — Free Cash Flow Generation Index
Adobe Systems Incorporated (ADBE) has a Free Cash Flow Generation Index of 0.98x as of May 2026. Free cash flow of $2.45 Billion represents 1% of operating cash flow ($2.51 Billion). Explore how much does Adobe Systems Incorporated reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Adobe Systems Incorporated Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Adobe Systems Incorporated across 37 annual periods. For the full cash flow conversion analysis, see ADBE cash flow metrics.
Annual Free Cash Flow Generation for Adobe Systems Incorporated (1989–2025)
Year-by-year Free Cash Flow Generation Index for Adobe Systems Incorporated. Check ADBE cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.98x | $9.85 Billion | $10.03 Billion | $179.00 Million | ▲ +1.1% |
| 2024 | 0.97x | $7.82 Billion | $8.06 Billion | $232.00 Million | ▲ +2.2% |
| 2023 | 0.95x | $6.94 Billion | $7.30 Billion | $360.00 Million | ▲ +0.8% |
| 2022 | 0.94x | $7.40 Billion | $7.84 Billion | $442.00 Million | ▼ -1.0% |
| 2021 | 0.95x | $6.89 Billion | $7.23 Billion | $330.00 Million | ▲ +2.9% |
| 2020 | 0.93x | $5.31 Billion | $5.73 Billion | $419.00 Million | ▲ +0.3% |
| 2019 | 0.92x | $4.09 Billion | $4.42 Billion | $333.98 Million | ▼ -1.0% |
| 2018 | 0.93x | $3.76 Billion | $4.03 Billion | $266.58 Million | ▼ -0.5% |
| 2017 | 0.94x | $2.73 Billion | $2.91 Billion | $178.12 Million | ▲ +3.5% |
| 2016 | 0.91x | $2.00 Billion | $2.20 Billion | $203.81 Million | ▲ +3.8% |
| 2015 | 0.87x | $1.28 Billion | $1.47 Billion | $184.94 Million | ▼ -1.2% |
| 2014 | 0.88x | $1.14 Billion | $1.29 Billion | $148.33 Million | ▲ +5.8% |
| 2013 | 0.84x | $963.33 Million | $1.15 Billion | $188.36 Million | ▲ +2.1% |
| 2012 | 0.82x | $1.23 Billion | $1.50 Billion | $271.08 Million | ▼ -5.2% |
| 2011 | 0.86x | $1.33 Billion | $1.54 Billion | $210.29 Million | ▲ +1.9% |
| 2010 | 0.85x | $943.35 Million | $1.11 Billion | $169.64 Million | ▼ -5.1% |
| 2009 | 0.89x | $998.18 Million | $1.12 Billion | $119.59 Million | ▼ -2.2% |
| 2008 | 0.91x | $1.17 Billion | $1.28 Billion | $111.79 Million | ▲ +0.5% |
| 2007 | 0.91x | $1.31 Billion | $1.44 Billion | $132.07 Million | ▼ -0.2% |
| 2006 | 0.91x | $843.99 Million | $927.24 Million | $83.25 Million | ▼ -2.5% |
| 2005 | 0.93x | $681.48 Million | $730.35 Million | $48.88 Million | ▲ +2.8% |
| 2004 | 0.91x | $620.52 Million | $683.74 Million | $63.23 Million | ▼ -0.2% |
| 2003 | 0.91x | $393.68 Million | $433.14 Million | $39.45 Million | ▲ +0.5% |
| 2002 | 0.90x | $297.75 Million | $329.33 Million | $31.58 Million | ▲ +1.7% |
| 2001 | 0.89x | $372.15 Million | $418.70 Million | $46.56 Million | ▼ -4.7% |
| 2000 | 0.93x | $414.79 Million | $444.63 Million | $29.84 Million | ▲ +6.8% |
| 1999 | 0.87x | $291.99 Million | $334.20 Million | $42.21 Million | ▲ +23.7% |
| 1998 | 0.71x | $143.72 Million | $203.47 Million | $59.74 Million | ▼ -15.7% |
| 1997 | 0.84x | $174.76 Million | $208.65 Million | $33.88 Million | ▲ +9.0% |
| 1996 | 0.77x | $152.25 Million | $198.11 Million | $45.87 Million | ▼ -4.8% |
| 1995 | 0.81x | $142.93 Million | $177.00 Million | $34.07 Million | ▲ +0.9% |
| 1994 | 0.80x | $114.00 Million | $142.50 Million | $28.50 Million | ▼ -7.7% |
| 1993 | 0.87x | $93.30 Million | $107.70 Million | $14.40 Million | ▲ +1.7% |
| 1992 | 0.85x | $68.50 Million | $80.40 Million | $11.90 Million | ▲ +0.7% |
| 1991 | 0.85x | $66.90 Million | $79.10 Million | $12.20 Million | ▼ -0.4% |
| 1990 | 0.85x | $41.70 Million | $49.10 Million | $7.40 Million | ▼ -3.6% |
| 1989 | 0.88x | $38.60 Million | $43.80 Million | $5.20 Million | — |