Adobe reported $22.2B of remaining performance obligations at 28 Aug 2026, up 8% from a year earlier and down 0% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
Net new backlog added in the latest quarter: -$110M.
Over the last twelve months it turned about 119% of its opening backlog into revenue (12-month conversion).
67% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 32.5% of the backlog.
Twelve-month book-to-bill: 1.07, i.e. 1.07 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -4 points — revenue is catching up with orders.
By backlog size it ranks 42nd among US filers the cockpit tracks.
Adobe backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
28 Aug 2026
$22.2B
$26.0B
0.9 yrs
$7.20B
29 May 2026
$22.3B
$25.2B
0.9 yrs
$7.25B
27 Feb 2026
$22.2B
$24.5B
0.9 yrs
$7.37B
28 Nov 2025
$22.5B
$23.8B
0.9 yrs
$7.03B
29 Aug 2025
$20.4B
$23.2B
0.9 yrs
$6.53B
30 May 2025
$19.7B
$22.6B
0.9 yrs
$6.33B
28 Feb 2025
$19.7B
$22.0B
0.9 yrs
$6.49B
29 Nov 2024
$20.0B
$21.5B
0.9 yrs
$6.26B
30 Aug 2024
$18.1B
$20.9B
0.9 yrs
$5.91B
31 May 2024
$17.9B
$20.4B
0.9 yrs
$5.69B
1 Mar 2024
$17.6B
$19.9B
0.9 yrs
$6.11B
1 Dec 2023
$17.2B
$19.4B
0.9 yrs
$5.95B
Questions
What is Adobe's backlog?
Adobe reported $22.2B of remaining performance obligations at 28 Aug 2026, up 8% from a year earlier and down 0% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.
How fast does Adobe's backlog turn into revenue?
Over the last twelve months Adobe recognised revenue equal to about 119% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.