Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Adobe's selling, general, & admin. expense for the
three
months ended in May. 2026 was CHF1,904 Mil.
Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in May. 2026 was CHF6,958 Mil.
Adobe (XSWX:ADBE) Selling, General, & Admin. Expense Explanation
An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.
Warren Buffett likes companies with consistent SGA as the percentage of gross profit.
Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.
If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.
Adobe Selling, General, & Admin. Expense Related Terms
Adobe Selling, General, & Admin. Expense Historical Data
* Premium members only.
The historical data trend for Adobe's Selling, General, & Admin. Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XSWX:ADBE vs DDOG, SNOW, INTU: Selling, General, & Admin. Expense Comparison
For the Software - Application subindustry, Adobe's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Adobe Selling, General, & Admin. Expense vs Software Industry
For the Software industry and Technology sector, Adobe's Selling, General, & Admin. Expense distribution charts can be found below:
* The bar in red indicates where Adobe's Selling, General, & Admin. Expense falls into.
Adobe Selling, General, & Admin. Expense Calculation
Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.
Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF6,958 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Selling, General, & Admin. Expense of CHF6,958 Mil mean?
Adobe (XSWX:ADBE) has a Selling, General, & Admin. Expense of CHF6,958 Mil as of May. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Adobe and its competitors.
Is Adobe's Selling, General, & Admin. Expense too high?
Adobe's current Selling, General, & Admin. Expense is CHF6,958 Mil. Overall, Adobe has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Adobe's Selling, General, & Admin. Expense compare to DDOG and SNOW?
Adobe's Selling, General, & Admin. Expense of CHF6,958 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Software company?
A good Selling, General, & Admin. Expense depends on the Software industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Adobe and its competitors. Adobe's current Selling, General, & Admin. Expense is CHF6,958 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adobe stock overvalued right now?
Adobe (XSWX:ADBE) has a current Selling, General, & Admin. Expense of CHF6,958 Mil. The stock's GF Value™ is CHF473.63, compared to a current price of CHF182.08 — trading 61.6% below its estimated fair value. The current Selling, General, & Admin. Expense is CHF6,958 Mil. Adobe's overall GF Score™ is 82/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Adobe (XSWX:ADBE), the current Selling, General, & Admin. Expense is CHF6,958 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Adobe (XSWX:ADBE) Overvalued in 2026?
Based on GuruFocus' analysis, Adobe stock appears to be undervalued.
The current stock price of CHF182.08 is trading 61.6% below its estimated GF Value™ of CHF473.63.
Key valuation signals for XSWX:ADBE:
Selling, General, & Admin. Expense: CHF6,958 Mil
GF Value™: CHF473.63 vs. price of CHF182.08 (61.6% below fair value)
No single metric tells the full story. See the XSWX:ADBE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
82GF Score
Get the complete analysis for XSWX:ADBE
Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:ADBE has been successfully added to your 
