Creative, document, and experience software
Adobe Inc.
Adobe sells Creative Cloud, Acrobat, and Experience Cloud to individuals and enterprises, primarily through subscriptions. It uses third-party cloud and data-center services to operate its products and acquires software companies to expand content workflows.
Business categories Productivity Software · Cloud & Enterprise Software · primary
ADBE Updated Sep 24, 2026 4 AI consumers· 3 recurring
Per the valuechain.wiki graph, Adobe Inc. is directly linked to 5 companies (2 supply, 3 revenue relationships) and reaches 74 companies within two hops; the links are backed by 11 dated sources, 2 of them primary filings (as of 2026-09-24).
Financials & Segments
- Total revenue · FY2025 total revenue of USD 23,769,000,000 (year ended 2025-11-28)
- Segments · Digital Media · Digital Experience · Publishing and Advertising
Revenue from
- The Coca-Cola Company Medium confidence
Coca-Cola uses Adobe Experience Cloud as a global marketing-technology standard and operates Journey Optimizer, Commerce, Real-Time CDP, and Customer Journey Analytics. The customer-specific contract value is not disclosed.Confirms EN Adobe and Econsultancy Published Feb 19, 2025: 2025 AI and Digital Trends: Data and InsightsConfirms KO Adobe Korea Published Dec 10, 2024: Coca-Cola Personalizes Experiences with Adobe Journey Optimizer - IBM Medium confidence
IBM built a unified foundation for authoring, governing, and publishing its large technical-content estate with Adobe Experience Manager Guides. The customer-specific contract value is not disclosed.Confirms EN Adobe Published Aug 3, 2026: 20 Million Pages, 1,000 Authors: IBM Drives Content at Scale - Tapestry, Inc. Medium confidence
Adobe provides the Firefly custom models and services that Tapestry uses for Coach product design, digital twins, and merchandising content, while fees and contract value are undisclosed.Confirms KO AI Matters Published Jan 21, 2025: Coach Creates AI-Designed Handbags with Brand DNA and Digital TwinsConfirms EN Adobe Published Jan 15, 2025: Coach Reimagines Handbag Design Process with Adobe Firefly Generative AI
Pays to
- Amazon Medium confidence
Adobe runs Acrobat, PDF services, and other Document Cloud functions in Amazon Web Services data centers. Its SEC filing confirms the importance of third-party hosting purchases but does not disclose amounts by vendor. - Microsoft Medium confidence
Adobe hosts Acrobat Sign on Microsoft Azure and uses Azure OpenAI Service for Acrobat AI Assistant. Its SEC filing confirms the importance of third-party hosting purchases but does not disclose amounts by vendor.
Investments
- Workfront High confidence· Amount $1.5B · acquisition completed 2020-12-07 · Cash consideration for the Workfront acquisition
Adobe completed its acquisition of Workfront to add marketing work management to Experience Cloud. The SEC filing reports the cash consideration, while Adobe's announcement, Forrester analysis, and Korean-language coverage cross-check the transaction and its rationale.
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Casey's | lead2 | +11.2 | +14.5 | +23.3 | +45 | +40.1 | +17.2 |
| Monster Beverage Corporation | lead2 | +3.8 | +5.7 | +13.5 | -8.8 | +45.9 | +13.8 |
| Darden Restaurants | lead2 | +29.5 | -4.8 | +22.8 | +17.7 | +1.6 | +10.8 |
| Costco Wholesale | lead2 | +51.8 | -19 | +49 | +39.6 | -5.4 | +10.3 |
| Royal Caribbean Cruises Ltd. | lead2 | +3 | -35.7 | +162 | +79 | +22.5 | +2.9 |
| E-mart Inc. | lead2 | -18.4 | -19.5 | -25.3 | -14.6 | +44.7 | -21.1 |
| McDonald's | lead2 | +27.8 | +0.5 | +15.1 | +0.1 | +7.9 | -21.5 |
| The Coca-Cola Company | lead1 | +11.4 | +10.6 | -4.4 | +8.9 | +15.6 | +27.7 |
| Tapestry, Inc. | lead1 | +32.3 | -3.3 | +0.2 | +82.8 | +98.7 | -8.2 |
| IBM | lead1 | +16.7 | +10.6 | +21.8 | +39.3 | +38.2 | -21.8 |
| Adobe Inc. | node | +13.4 | -40.7 | +77.3 | -25.5 | -21.3 | -23.9 |
| Amazon | benef1 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
| Microsoft | benef1 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
| SanDisk | benef2 | · | · | · | · | · | +633 |
| Seagate Technology | benef2 | +87.5 | -51.4 | +69.1 | +4.1 | +225.3 | +209.1 |
| AMD | benef2 | +56.9 | -55 | +127.6 | -18.1 | +77.3 | +183.9 |
| Nebius Group | benef2 | · | · | · | · | +202.2 | +170.5 |
| Marvell | benef2 | +84.6 | -57.5 | +63.7 | +83.8 | -22.8 | +163.4 |
| Intel | benef2 | +6.1 | -46.6 | +94.6 | -59.6 | +84 | +159.6 |
| Western Digital | benef2 | +17.7 | -51.6 | +66 | +13.9 | +283.7 | +130.9 |
| Astera Labs | benef2 | · | · | · | · | +25.6 | +105.7 |
| Wiwynn | benef2 | +24.7 | -22.3 | +206.4 | +3.5 | +64.4 | +92.3 |
| Corning | benef2 | +5.9 | -11.6 | -1.2 | +60.6 | +87.8 | +77.2 |
| Vertiv | benef2 | +33.8 | -45.3 | +251.8 | +136.8 | +42.8 | +73.2 |
| GE Vernova | benef2 | · | · | · | · | +99 | +54 |
| Occidental Petroleum | benef2 | +67.7 | +119.1 | -4.1 | -15.9 | -14.9 | +48.2 |
| Arista Networks | benef2 | +97.9 | -15.6 | +94.1 | +87.7 | +18.5 | +47.9 |
| Super Micro | benef2 | +38.8 | +86.8 | +246.2 | +7.2 | -4 | +43 |
| Caterpillar | benef2 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +40.6 |
| Alchip Technologies | benef2 | +14.3 | -8.7 | +365.1 | -18.9 | +0.8 | +40.1 |
| FedEx | benef2 | +0.7 | -31.6 | +49.1 | +13.5 | +5.1 | +39.6 |
| Ciena | benef2 | +45.6 | -33.8 | -11.7 | +88.4 | +175.8 | +37.3 |
| Globalstar | benef2 | +241.2 | +14.7 | +45.9 | +6.7 | +96.6 | +37.3 |
| Equinix | benef2 | +20.3 | -21.1 | +25.4 | +19.5 | -16.9 | +37.3 |
| Jabil | benef2 | +66.4 | -2.5 | +87.4 | +13.3 | +58.7 | +36.3 |
| Eaton | benef2 | +46.7 | -7.2 | +56.2 | +39.5 | -2.8 | +36 |
| Digital Realty | benef2 | +30.7 | -41 | +39.9 | +35.9 | -10.1 | +23.4 |
| Celestica | benef2 | +37.9 | +1.3 | +159.8 | +215.2 | +220.3 | +22.5 |
| Quanta Computer | benef2 | +22.2 | -12.8 | +254.5 | +12.7 | +8.9 | +21.2 |
| Credo Technology | benef2 | · | · | +46.3 | +245.2 | +114.1 | +18.5 |
| ABB | benef2 | +23.9 | +7.3 | +18.9 | +39 | +36.1 | +18.4 |
| IREN | benef2 | · | -92.3 | +472 | +37.3 | +284.6 | +18.3 |
| Church & Dwight Co., Inc. | benef2 | +18.9 | -20.4 | +18.7 | +12 | -18.9 | +18.1 |
| Foxconn (Hon Hai) | benef2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +16.3 |
| Norfolk Southern | benef2 | +27.3 | -15.6 | -1.6 | +1.6 | +25.6 | +15.6 |
| Colgate-Palmolive Company | benef2 | +2.1 | -5.4 | +3.8 | +16.6 | -11 | +14.4 |
| Entergy | benef2 | +17.1 | +3.6 | -6.1 | +56 | +25.3 | +13.2 |
| Schneider Electric | benef2 | +25.9 | +1.6 | +25.8 | +36.1 | +0.5 | +11.7 |
| Cummins | benef2 | -1.7 | +14.1 | +1.7 | +48.9 | +49.4 | +11 |
| Automatic Data Processing, Inc. | benef2 | +42.6 | -1.3 | -0.2 | +28.4 | -10.2 | +9.6 |
| United Parcel Service, Inc. | benef2 | +30 | -16.2 | -6 | -15.9 | -15.9 | +8 |
| 3M Company | benef2 | +4.9 | -29.6 | -3.3 | +46.1 | +26.4 | +6.8 |
| Expedia Group, Inc. | benef2 | +36.5 | -51.5 | +73.3 | +22.8 | +53.3 | +5.8 |
| Procter & Gamble | benef2 | +20.5 | -5 | -0.9 | +17.3 | -12.3 | +4.5 |
| Ameren Corporation | benef2 | +17.1 | +2.5 | -16.1 | +27.5 | +15.3 | +4.5 |
| Omnicom Group Inc. | benef2 | +21.9 | +15.7 | +9.6 | +2.5 | -2.6 | +4.4 |
| WEC Energy Group | benef2 | +8.7 | -0.5 | -7 | +16.1 | +16 | +3.1 |
| Talen Energy | benef2 | · | · | · | +214.8 | +86.1 | +1 |
| The Estée Lauder Companies Inc. | benef2 | +40 | -32.3 | -40.1 | -47.6 | +42.1 | +0.2 |
| Amorepacific | benef2 | -30.1 | -5.7 | -18.4 | +9.9 | +8.2 | -1.2 |
| Exelon | benef2 | +41.5 | +8.3 | -14 | +9.2 | +20 | -1.5 |
| Vistra | benef2 | +19.6 | +5.1 | +70.7 | +261.5 | +17.7 | -7.2 |
| Brookfield Asset Management Ltd. | benef2 | · | · | +45.6 | +39.7 | -0.2 | -9.7 |
| Fabrinet | benef2 | +52.7 | +8.2 | +48.4 | +15.5 | +107.1 | -10.5 |
| IonQ | benef2 | · | -79.3 | +259.1 | +237.1 | +7.4 | -11.9 |
| Constellation Energy | benef2 | · | · | +37.2 | +92.7 | +58.8 | -15.3 |
| Take-Two Interactive Software, Inc. | benef2 | -14.5 | -41.4 | +54.6 | +14.4 | +39.1 | -16.6 |
| Abbott Laboratories | benef2 | +30.5 | -20.7 | +2.3 | +4.8 | +12.9 | -19 |
| Quantum Computing Inc | benef2 | -75.8 | -55.7 | -39.5 | +1712.7 | -38 | -27.5 |
| Nike | benef2 | +18.7 | -29 | -6 | -29.1 | -13.8 | -44.1 |
| D-Wave Quantum | benef2 | · | -85.3 | -38.9 | +854.5 | +211.3 | -44.3 |
YTD as of 2026-09-04 · source: Yahoo Finance
Adobe Inc. operates across Creative, document, and experience software. It remained weak at -21.3% in 2025 and -23.9% in 2026. The supply side (avg +8%) has moved harder than the stock (-23.9%). That is the classic bottleneck pattern: supplier volume leverage is being priced before this layer's own margin. Among connected nodes the furthest ahead is The Coca-Cola Company (+27.7%) and the furthest behind is IBM (-19.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It uses third-party cloud and data-center services to operate its products and acquires software companies to expand content workflows.
Analysis generated from returns as of 2026-09-04← All companiesMarkdown · JSON · Customers · Suppliers · Ripple