Adobe Gets $25 Billion Stock Buyback Authorization

By Elias Schisgall

Abode's board of directors authorized a new $25 billion stock buyback program.

The program, which lasts through April 30, 2030, is intended to reduce dilution from stock issuances, reduce share count over time, and maximize value for shareholders, Adobe said Tuesday.

"Our new $25 billion share repurchase authorization is a direct expression of confidence in our robust cash flow and the long-term value we are delivering to investors," Adobe Chief Financial Officer Dan Durn said.

Shares of Adobe rose 1.2% to $250.14 in after-hours trading. The stock closed down 0.6% at $247.18, 29% lower this year.

Write to Elias Schisgall at [e-mail]

(END) Dow Jones Newswires

04-21-26 1654ET