Adobe Still Has $24.5 Billion Left for Buybacks. That's About a Quarter of the Company.
At its current pace, the software giant could spend it all before 2030. What might that do to earnings per share?
Overview
Shares of Adobe (NASDAQ:ADBE) have had a tough 2026. The stock ended last year at about $350 and trades near $240 as I write, down about 31%.
The software company has kept buying its own shares on the way down. In April, its board approved a new $25 billion stock buyback authorization, meant partly to "reduce share count over time." It runs through April 30, 2030.
Details
And as Adobe's fiscal third quarter of 2026 ended Aug. 28, $24.55 billion of it was still unused.
Source
Originally published at www.fool.com.
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