Adobe Inc. (ADBE)
Adobe dominates creative and document software through subscription products such as Photoshop, Premiere, and Acrobat. Its Firefly generative-AI tools are being woven throughout its Creative Cloud suite.
ADBE vs ORCL: how the two businesses compare
- Bigger business: ORCL, with $67.4B of yearly revenue, about 2.8× ADBE's $23.8B.
- More profitable: ADBE keeps 30 cents of each sales dollar as profit, against 25 cents at ORCL.
- More cash from each sale: ORCL turns 47 cents of each sales dollar into operating cash flow, against 42 cents at ADBE.
From each company's latest annual SEC filing. Fiscal years can end on different dates.
Oracle (ORCL) is the larger business by reported revenue: $67.4B in its fiscal year ended May 2026, about 2.8× ADBE's $23.8B (fiscal year ended Nov 2025). ADBE's net margin was 30.0% and ORCL's 25.2%. Both file with the SEC under the same industry code, SIC 7372 (Services-Prepackaged Software).
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Information Technology
- Prepackaged Software
- Same classification
- Different
- ADBE November 27 · ORCL May 31
- Jun 22, 2026
ADBE vs ORCL: quick comparison
| Company fact | ADBE | ORCL |
|---|---|---|
| Company | Adobe Inc. | Oracle Corporation |
| Exchange | NASDAQ | NYSE |
| Headquarters | San Jose, California | Austin, Texas |
| Founded | 1982 | 1977 |
| SEC industry | Services-Prepackaged Software | Services-Prepackaged Software |
| Fiscal year-end | November 27 | May 31 |
| Latest annual filing | 10-K · 2026-01-15 | 10-K · 2026-06-22 |
ADBE vs ORCL: audited financials
- Scale: ORCL's $67.4B of revenue is about 2.8× ADBE's $23.8B.
- Net margin: ADBE kept 30.0% of revenue as net income versus 25.2% at ORCL.
- Cash conversion: operating cash flow equalled ADBE 42.2% of revenue, or 1.41× net income; ORCL 47.5% of revenue, or 1.88× net income. A ratio well above 1× usually reflects non-cash charges or working-capital release; well below 1× can reflect working-capital build or non-cash gains.
- Periods: the fiscal years end about 6 months apart (2025-11-28 for ADBE, 2026-05-31 for ORCL), so each figure reflects somewhat different demand and cost conditions.
| Metric | ADBE | ORCL |
|---|---|---|
| Revenue | $23.8B2024-11-30 to 2025-11-28 · SEC filing | $67.4B2025-06-01 to 2026-05-31 · SEC filing |
| Net income | $7.1B2024-11-30 to 2025-11-28 · SEC filing | $17.0B2025-06-01 to 2026-05-31 · SEC filing |
| Operating cash flow | $10.0B2024-11-30 to 2025-11-28 · SEC filing | $32.0B2025-06-01 to 2026-05-31 · SEC filing |
| Diluted EPS | $16.702024-11-30 to 2025-11-28 · SEC filing | $5.832025-06-01 to 2026-05-31 · SEC filing |
| Net margin | 30.0%2024-11-30 to 2025-11-28 · SEC filing | 25.2%2025-06-01 to 2026-05-31 · SEC filing |
ADBE: FY ending 2025-11-28 · ORCL: FY ending 2026-05-31. Figures as tagged in each issuer's SEC XBRL filing; fiscal calendars may not align.
Where ADBE and ORCL overlap, and where they don't
Overlap
- Same SEC industry: both report under SIC 7372, Services-Prepackaged Software.
- Shared research theme: Artificial intelligence.
Differences
- Offset fiscal calendars: ADBE's year ends November 27 and ORCL's May 31, about 6 months apart.
- Scale: ORCL reported about 2.8× the annual revenue of ADBE.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
Oracle Corporation (ORCL)
Oracle runs one of the world's most widely used database platforms and has pivoted aggressively into cloud infrastructure and applications. Its cloud regions have become a favored home for large AI training workloads.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves ADBE
We have not yet published a company-specific driver list for ADBE. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-01-15.
What moves ORCL
- Oracle Cloud Infrastructure capacity additions and data-center build-out
- Migration of software support customers to cloud applications and infrastructure
- Renewal of software support contracts on the installed license base
- Capital spending and borrowing to fund data-center expansion
The investment question
You now know ORCL reports about 2.8× ADBE's revenue, and ADBE keeps more of each dollar as net income. Those are the facts. The investment question is what each share price already assumes about their exposure to artificial intelligence, including “Oracle Cloud Infrastructure capacity additions and data-center build-out” at ORCL, and which evidence in the next filings would prove that assumption wrong.
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Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. ADBE's fiscal year ends November 27, while ORCL's ends May 31. Normalize the reporting periods before comparing growth, margins, capital intensity, or guidance.
The current verified House and Senate snapshot contains 42 matched transaction rows for ADBE and 48 matched transaction rows for ORCL. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
ADBE primary filings
ORCL primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
ADBE vs ORCL FAQs
Are ADBE and ORCL direct competitors?
Adobe and Oracle share the SEC industry classification “Services-Prepackaged Software.” That makes the operating comparison relevant, but it does not prove that every product, customer, or revenue stream competes directly.
Is ADBE or ORCL the bigger company by revenue?
Oracle (ORCL) is the larger business by reported revenue: $67.4B in its fiscal year ended May 2026, about 2.8× ADBE's $23.8B (fiscal year ended Nov 2025). ADBE's net margin was 30.0% and ORCL's 25.2%. Both file with the SEC under the same industry code, SIC 7372 (Services-Prepackaged Software). Each figure is the annual amount tagged in the company's own SEC XBRL filing; market value depends on live prices, which this page does not publish.
Which is better, ADBE or ORCL?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this ADBE vs ORCL comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Adobe Inc. and Oracle Corporation tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
ADBE vs ORCL compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
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