How to Distort Text in Photoshop

Select the Text Tool. Type the desired text.

Right click on the text layer. Then click "Rasterize type." You will see text layer on the layer box change to transparent. To adjust your text, press Ctrl+T.

Press the Alt button and select one corner of text adjustment box if you want the change your text corner-by-corner. Continue holding the Alt button while you are adjusting and press Enter button when you finish.

Photoshop also provides various style to distort text. After you have typed your text, select it by clicking and holding the mouse. Then, select the Wrap Text symbol and select style.

You will see your distorted text.

Finished.