ADOBE INC.
For the period ended Aug 29, 2025. Filed Sep 24, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 29, 2025 · Filed Sep 24, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2025-05-30; filed 2025-06-25.
0000796343-25-000073
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsCurrent report: 10-Q
Period ended 2025-08-29; filed 2025-09-24.
0000796343-25-000107
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 122 previous paragraphs and 121 current paragraphs.
119 unchanged; 2 reworded; 0 added; 0 removed; 1 previous and 0 current paragraphs rearranged.
Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (2)
Previous wording
We have not prevailed, and may not in the future prevail, in every lawsuit or dispute. For further information about specific litigation and proceedings, see the section titled “Legal Proceedings” contained in Part I, Item 1, Note 12 ofourn otes tocondensed consolidatedf inancials tatements of this report.
Current wording
We have not prevailed, and may not in the future prevail, in every lawsuit or dispute. For further information about specific litigation and proceedings, see the section titled “Legal Proceedings” contained in Part I, Item 1, Note 12 of our notes to condensed consolidated financial statements of this report.
Previous wording
(2)In December 2024, we entered into an accelerated share repurchase agreement (“ASR”) with a large financial institution whereupon we provided them with a prepayment of $2.75 billion and received an initial delivery of shares at contract inception representing a portion of the prepayment. Upon final settlement of this ASR in March 2025, we received an incremental delivery of 1.8 million shares of our common stock. Under this ASR, we repurchased a total of 6.3 million shares at an average price of $433.84.
Current wording
(2)In March 2025, we entered into an accelerated share repurchase agreement (“ASR”) with a large financial institution whereupon we provided them with a prepayment of $3.50 billion and received an initial delivery of shares at contract inception representing a portion of the prepayment. Upon final settlement of this ASR in June 2025, we received an incremental delivery of 2.4 million shares of our common stock. Under this ASR, we repurchased a total of 9.1 million shares at an average price of $383.14.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
(3)In March 2025, we entered into an ASR with a large financial institution whereupon we provided them with a prepayment of $3.5 billion and received an initial delivery of 6.8 million shares of our common stock at contract inception, representing a portion of the prepayment. Subsequent to May 30, 2025, this ASR was settled which resulted in total repurchases of 9.1 million shares at an average price of $383.14.