Want to see ADBE full AI Analyst Report?
Remaining Performance Obligations
Represents contracted revenue not yet recognized, giving a near-term view of revenue visibility and the extent to which future quarters are supported by already-signed customer commitments.RPO has expanded steadily, reflecting stronger subscription bookings, SEMrush and AI‑product adoption and giving solid forward revenue visibility. Management’s decision to accelerate freemium MAU and defer Creative Cloud price moves, however, means that growing RPO may not convert into revenue as quickly in H2—introducing quarter‑to‑quarter volatility and modeling risk even as full‑year targets were raised and cash generation remains healthy. In short: healthy backlog growth, but expect noisier conversion as Adobe prioritizes long‑term AI/MAU scale over near‑term ARR extraction.
Date | Remaining Performance Obligations |
|---|---|
Jun 30, 2026 | $22.27B |
Mar 31, 2026 | $22.22B |
Dec 31, 2025 | $22.52B |
Sep 30, 2025 | $20.44B |
Jun 30, 2025 | $19.69B |
Mar 31, 2025 | $19.69B |
Dec 31, 2024 | $19.96B |
Sep 30, 2024 | $18.14B |
Jun 30, 2024 | $17.86B |
Mar 31, 2024 | $17.58B |