Software stocks remained under pressure Friday afternoon as investors continued to rotate away from parts of the technology sector following a disappointing reaction to Adobe’s (ADBE) latest earnings report.
Shares of Adobe declined about 5.6% during the session, underperforming all three major U.S. market averages and adding to the broader weakness seen across software names.
The drop deepens Adobe’s losses for the year, with the stock now down roughly 27.2% on a year-to-date basis. The move highlights the broader struggles within the software industry in 2026, where many high-growth names have faced persistent selling pressure amid valuation concerns and shifting investor sentiment.
Outlined below are Wall Street’s 20 worst-performing software stocks so far this year. The list includes U.S.-listed companies with market capitalizations of at least $10 billion.
- Workday (WDAY), -37.5% YTD
- HubSpot (HUBS), -35.8% YTD
- Fair Isaac Corporation (FICO), -35.3% YTD
- Intuit Inc. (INTU), -34.3% YTD
- AppLovin Corporation (APP), -33.3% YTD
- Zscaler (ZS), -32.5% YTD
- Figma (FIG), -29.9% YTD
- Rubrik (RBRK), -29.3% YTD
- Adobe (ADBE), -27.2% YTD
- ServiceNow (NOW), -26.2% YTD
- Salesforce (CRM), -24.7% YTD
- Nutanix (NTNX), -24.3% YTD
- Tyler Technologies (TYL), -23.8% YTD
- Gen Digital (GEN), -22.7% YTD
- Roper Technologies (ROP), -22.1% YTD
- Guidewire Software (GWRE), -21.5% YTD
- Oracle Corporation (ORCL), -18.3% YTD
- Autodesk, (ADSK), -15.5% YTD
- Trimble (TRMB), -15.5% YTD
- Palantir Technologies (PLTR), -13.6% YTD