Adobe is a tech company specializing in software used for creating and editing content, including photography, graphics, animation, illustration, and video. It is most famous for Adobe Photoshop, Adobe Illustrator, Adobe Lightroom, and Adobe Acrobat Reader.
About Adobe
- Description: Adobe is a tech company specializing in software used for creating and editing content, including photography, graphics, animation, illustration, and video. It is most famous for Adobe Photoshop, Adobe Illustrator, Adobe Lightroom, and Adobe Acrobat Reader.
- Founded: December 1982 by Charles Geschke and John Warnock.
- Corporate HQ: San Jose, California, USA.
- Incorporated: October 1983 in California; reincorporated in Delaware May 1997.
- Initial public offering: August 20, 1986, at a split-adjusted share price of US$0.17.
- Employees: More than 26,000 worldwide.
- Stock symbol: ADBE (NASDAQ)
- Chairman and CEO: Shantanu Narayen
Source: (Adobe Facts)
Finances
Adobe’s annual net income, revenue, total assets, and growth history from 2015 to 2021 and forecast from 2022 to 2024. In 2021, Adobe’s annual revenue reached $15.79 billion, annual net income $4.82 billion, and total assets $27.24 billion.
Annual Net Income
Adobe’s annual net income hit $4.82 billion in 2021, a surprising 8.37% decrease from 2020, due to the change in the provision for income taxes and the increase in operating expenses.
If the otherwise positive trend continues, the annual net income will reach $5.87 billion in 2022 and $7.45 billion in 2024.
| Fiscal Year | Annual Net Income | Growth |
|---|---|---|
| 2015 | $0.63 billion | |
| 2016 | $1.17 billion | +85.71% |
| 2017 | $1.69 billion | +44.44% |
| 2018 | $2.59 billion | +53.25% |
| 2019 | $2.95 billion | +13.90% |
| 2020 | $5.26 billion | +78.31% |
| 2021 | $4.82 billion | -8.37% |
| 2022 | $5.87 billion | +21.78% |
| 2023 | $6.67 billion | +13.38% |
| 2024 | $7.45 billion | +11.80% |
Annual Revenue
Adobe reported annual revenue of $15.79 billion for the fiscal year 2021, representing 22.7% year-over-year growth. If growth remains relatively constant, Adobe Inc.’s annual revenue could reach $19.59 billion in 2022, $23.91 billion in 2023, and $28.72 billion in 2024.
| Fiscal Year | Annual Revenue | Growth |
|---|---|---|
| 2015 | $4.80 billion | |
| 2016 | $5.85 billion | +21.88% |
| 2017 | $7.30 billion | +24.79% |
| 2018 | $9.03 billion | +23.70% |
| 2019 | $11.17 billion | +23.70% |
| 2020 | $12.87 billion | +15.22% |
| 2021 | $15.79 billion | +22.69% |
| 2022 | $19.59 billion | +24.07% |
| 2023 | $23.91 billion | +22.03% |
| 2024 | $28.72 billion | +20.13% |
Total Assets
Adobe’s total assets have been steadily increasing by 10-18% per year. In 2021, Adobe’s assets were worth $27.24 billion. If the trend continues, the assets will be worth $32.26 billion by the end of 2022 and $42.50 billion by the end of 2024.
| Year | Total Assets | Growth |
|---|---|---|
| 2015 | $11.75 billion | |
| 2016 | $12.70 billion | +8.09% |
| 2017 | $14.54 billion | +14.49% |
| 2018 | $18.79 billion | +29.23% |
| 2019 | $20.76 billion | +10.48% |
| 2020 | $24.28 billion | +16.96% |
| 2021 | $27.24 billion | +12.19% |
| 2022 | $32.26 billion | +18.45% |
| 2023 | $37.45 billion | +16.08% |
| 2024 | $42.50 billion | +13.48% |
Employee Count & Demographics
Number of employees
At the end of 2021, Adobe reported that it had 25,988 employees, up 15.4% from 22,516 a year earlier. Adobe’s headcount has steadily increased year over year since 2014. The only year in which the number decreased slightly was 2020 due to the global pandemic, which made it difficult to hire new employees.
According to my projections, Adobe will employ more than 28,000 people in 2022 and nearly 36,000 in 2024.
And the numbers:
| Year | Number of employees |
|---|---|
| 2014 | 12,499 |
| 2015 | 13,893 |
| 2016 | 15,706 |
| 2017 | 17,973 |
| 2018 | 21,357 |
| 2019 | 22,634 |
| 2020 | 22,516 |
| 2021 | 25,988 |
| 2022 | 28,185 |
| 2024 | 35,977 |
Nationality
Adobe also reported several years in a row that 52% of all employees were in the United States and 48% in international locations. As a result, Adobe has around 13,500 employees in the US.
Additionally, Adobe strives for diversity among its employees, thus employing people regardless of gender, race, ethnicity, age, disability, sexual orientation, gender identity, cultural background, or religious belief. In 2021, 10.9% of the US employees were part of the underrepresented minorities (“URMs”).
Gender diversity
Women make up 33.8% of Adobe’s global workforce.
Source: (Sec.gov)
Price per Share
Inc. stock has gained 194,563 times its original value since 1986 (from $0.21/share to $420/share in 2022). Its value peaked at $699.54/share on November 29, 2021. The value of Adobe stock has declined during 2022, likely due to lower sales in Eastern Europe.
Currently, Adobe Inc.’s market cap sits just above US$200 billion at 4.22 million shares.
Source: (Google Finance)
Number of Creative Cloud Users
Adobe Creative Cloud was launched on April 22, 2012. By March 2013, it had raked together more than half a million users, increasing to 1.4 million by the end of the year. Since then, Adobe hasn’t released any numbers, so it was estimated that by the end of 2017, Creative Cloud had over 12 million active subscribers.
Photutorial estimates that Creative Cloud reached 22 million active subscribers by the end of 2021. By the end of 2022, that number will have risen to 24.5 million, and by the end of 2024, it’ll be nearly 30 million.
So, how many active users does Adobe Creative Cloud have right now? In the middle of 2022, Creative Cloud has around 23 million active users.
Here are the exact numbers:
| Year | Active Subscribers |
|---|---|
| 2013 | 1.4 million |
| 2017 | 12.0 million |
| 2020 | 19.5 million |
| 2021 | 22.0 million |
| 2022 | 24.5 million |
| 2024 | 29.5 million |
Adobe Stock
Adobe Stock now offers 290+ million assets, including more than 180 million photos, 83 million vectors and
illustrations, 23 million videos, 55,000 audio tracks, 4.9 million Premium assets, and over 1 million free photos,
vectors, videos, templates, illustrations, and 3D assets.
Adobe Stock is Adobe’s stock image library, intelligently integrated into the Creative Cloud. It’s widely popular among graphic designers thanks to its high-quality photos and extensive resources. Currently, Adobe Stock’s library contains:
- Images: 273 million
- Photos: 188 million
- Illustrastions: 22.5 million
- Vectors: 62.3 million.
- Videos: 24 million.
- Audio: 60,000
- Templates: 70,000
- 3D: 17,000
- Fonts: 20,000
- Free resources: 1,037,000
- Images: 1,022,000
- Videos: 10,200
- Templates: 3,543
- 3D: 1,200
Acquisitions
Over the years, Adobe bought several companies related to graphic design and photography. Over the years, Adobe has acquired at least 55 companies.
| Index | Company | Acquired on | Acquired for [USD] |
|---|---|---|---|
| 1 | Emerald City Software | March 19, 1990 | — |
| 2 | BluePoint Technologies | June 20, 1990 | — |
| 3 | LaserTools-Language Tech | June 1, 1992 | — |
| 4 | OCR Systems | June 29, 1992 | — |
| 5 | Aldus Corporation | August 31, 1994 | $438 million |
| 6 | LaserTools | September 9, 1994 | — |
| 7 | Photoshop | 1995 | — |
| 8 | Frame Technology | October 30, 1995 | $566 million |
| 9 | Ares Software | May 20, 1996 | — |
| 10 | Sandcastle | March 14, 1997 | $3,5 million |
| 11 | HyWay Ferranti | September 5, 1997 | — |
| 12 | DigiDox | September 16, 1997 | — |
| 13 | GoLive Systems | January 4, 1999 | — |
| 14 | Fotiva | December 5, 2001 | — |
| 15 | Accelio | April 15, 2002 | $72 million |
| 16 | Syntrillium Software | May 2003 | — |
| 17 | Yellow Dragon Software-Tech | November 10, 2003 | — |
| 18 | Q-Link Technologies, Inc. | May 3, 2004 | — |
| 19 | OKYZ | December 7, 2004 | — |
| 20 | Macromedia | December 3, 2005 | $3.573 billion |
| 21 | Navisware | December 16, 2005 | — |
| 22 | Trade and Technologies France | April 21, 2006 | — |
| 23 | Pixmantec | June 26, 2006 | — |
| 24 | InterAKT | September 5, 2006 | — |
| 25 | Serious Magic Inc. | October 19, 2006 | — |
| 26 | Scene7 | May 31, 2007 | — |
| 27 | Virtual Ubiquity | October 1, 2007 | — |
| 28 | YaWah | September 15, 2008 | — |
| 29 | Business Catalyst | August 31, 2009 | — |
| 30 | Omniture | September 15, 2009 | $1.8 billion |
| 31 | Day Software | July 28, 2010 | $240 million |
| 32 | Demdex | January 18, 2011 | — |
| 33 | EchoSign | July 18, 2011 | — |
| 34 | Iridas Technology | September 8, 2011 | — |
| 35 | Nitobi | October 3, 2011 | — |
| 36 | Typekit | October 3, 2011 | — |
| 37 | Auditude | November 1, 2011 | $120 million |
| 38 | Efficient Frontier Technology | November 30, 2011 | — |
| 39 | Behance Inc. | December 21, 2012 | — |
| 40 | Neolane | July 23, 2013 | $600 million |
| 41 | Satellite | July 31, 2013 | — |
| 42 | Aviary | September 22, 2014 | — |
| 43 | Fotolia | January 28, 2015 | $800 million |
| 44 | Mixamo | June 1, 2015 | — |
| 45 | Livefyre | May 10, 2016 | — |
| 46 | TubeMogul | November 10, 2016 | $540 million |
| 47 | Sayspring | April 16, 2018 | — |
| 48 | Uru | April 29, 2018 | — |
| 49 | Magento | May 21, 2018 | $1.68 billion |
| 50 | Marketo | September 20, 2018 | $4.75 billion |
| 51 | Allegorithmic | January 23, 2019 | — |
| 52 | Workfront | November 9, 2020 | $1.5 billion |
| 53 | Frame.io | October 7, 2021 | $1.275 billion |
| 54 | ContentCal | December 8, 2021 | — |
| 55 | Abstract Notebooks | December 23, 2021 | — |
Sources: (Adobe News)(Wikipedia)
Use
- Adobe Photoshop is used by over 90% of the world’s creative professionals.
- Behance has over 29 million members worldwide, who use it to showcase their work and find inspiration.
- In 2021, Adobe products were used to open over 300 billion PDFs.
- Adobe Document Cloud handled 8 billion electronic and digital signature transactions in 2021.
- Adobe Scan has over 138 million downloads and 2 billion created documents.
- Digital scans, signatures, and shares through Document Cloud lead to 90% cost savings and 95% environmental impact reduction. One million Adobe Acrobat Sign transactions save 31,000 trees, 105 million liters of water, and emissions equal to 2,300 cars in a year. In addition, they reduce the cost by $7.2 million.
Source: (Adobe Facts)
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