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). Read ADBE liabilities breakdown for a breakdown of total debt and financial obligations.
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. Explore Adobe Systems Incorporated capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Adobe Systems Incorporated (1989–2025)
Year-by-year Free Cash Flow Generation Index for Adobe Systems Incorporated. For the full company profile including market capitalisation, see ADBE stock market capitalisation.
| 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 | — |