ADBE · 10-Q · 2026Q3 · Full report

FX / Currency Headwinds

ADOBE INC. · 2026-09-22 · Importance 20 · Surprise 24

The U.S. dollar primarily weakened against EMEA currencies during the three and nine months ended August 28, 2026, increasing reported revenue in U.S. dollar equivalents by approximately $40 million and $280 million, respectively. Adobe’s foreign-currency hedging program generated a net hedging gain of $10 million in the quarter but a net loss of $61 million year to date. Adobe adjusts annualized recurring revenue for exchange-rate changes and holds measurement rates constant during the fiscal year.

Key facts

• During the three and nine months ended August 28, 2026, our cash flow hedging program resulted in net hedging gains of $10 million and losses of $61 million, respectively, as compared to the year-ago periods. source
• The U.S. Dollar primarily weakened against EMEA currencies, which resulted in a net increase in revenue in U.S. Dollar equivalents of approximately $40 million and $280 million in the three- and nine-month periods, respectively. source