Adobe's Board of Directors has approved a new stock repurchase program, authorizing the company to buy back up to $25 billion of its common stock. The program is intended to return value to stockholders, minimize dilution from stock issuances, and reduce the overall share count over time.
Key Details
- Repurchase Authorization: Up to $25 billion in common stock, announced on April 21, 2026.
- Program Timeline: The authorization is effective through April 30, 2030.
- Equity Plan Update: At its 2026 Annual Meeting, stockholders also approved an amendment to the 2019 Equity Incentive Plan, increasing the available share reserve by 12 million shares.