First published: December 9th 2025, latest update: December 9th, 2025 $25B buyback: lower multiples, higher long-term value In March 2024, Adobe announced a new $25 billion stock repurchase program, authorized by its board of directors and scheduled to run through March 14, 2028. The initiative reinforces Adobe’s long-term strategy of returning capital to shareholders, offsetting … Continue reading Stock-Based Compensation, Buybacks, and Valuation Discipline at Adobe: Understanding the Real Economic Impact