Adobe
Adobe margins
Profitability and cash generation as a share of revenue.
Gross margin
%
Operating margin
%
Net margin
%
EBITDA margin
%
Operating cash flow margin
%
Free cash flow margin
%
Capex / revenue
%
SBC / revenue
%
Quarterly data
| Fiscal period | Ended | Gross margin% | Operating margin% | Net margin% | EBITDA margin% | Operating cash flow margin% | Free cash flow margin% | Capex / revenue% | SBC / revenue% |
|---|---|---|---|---|---|---|---|---|---|
| FY 2026 Q3 | Aug 28, 2026 | 88.71% | 34.82% | 27.03% | 38% | 37.32% | 36.07% | 1.26% | 7.97% |
| FY 2026 Q2 | May 29, 2026 | 89.2% | 33.82% | 25.87% | 36.73% | 32.71% | 31.84% | 0.88% | 8.07% |
| FY 2026 Q1 | Feb 27, 2026 | 89.62% | 37.79% | 29.52% | 40.51% | 46.23% | 45.65% | 0.58% | 7.96% |
| FY 2025 Q4 | Nov 28, 2025 | 89.52% | 36.5% | 29.96% | 39.47% | 51.02% | 50.47% | 0.55% | 7.89% |
| FY 2025 Q3 | Aug 29, 2025 | 89.28% | 36.29% | 29.59% | 39.76% | 36.71% | 35.5% | 1.2% | 8.3% |
| FY 2025 Q2 | May 30, 2025 | 89.14% | 35.91% | 28.79% | 39.47% | 37.31% | 36.51% | 0.8% | 8.19% |
| FY 2025 Q1 | Feb 28, 2025 | 89.11% | 37.85% | 31.69% | 41.65% | 43.44% | 42.98% | 0.46% | 8.31% |
| FY 2024 Q4 | Nov 29, 2024 | 89.01% | 34.91% | 30.02% | 38.8% | 52.1% | 51.25% | 0.86% | 7.87% |
| FY 2024 Q3 | Aug 30, 2024 | 89.76% | 36.83% | 31.14% | 40.77% | 37.37% | 36.32% | 1.05% | 8.76% |
| FY 2024 Q2 | May 31, 2024 | 88.74% | 35.51% | 29.63% | 39.54% | 36.54% | 35.77% | 0.77% | 8.8% |
| FY 2024 Q1 | Mar 1, 2024 | 88.61% | 17.5% | 11.96% | 21.59% | 22.66% | 21.94% | 0.71% | 8.7% |
| FY 2023 Q4 | Dec 1, 2023 | 87.44% | 34.53% | 29.38% | 38.93% | 31.64% | 30.71% | 0.93% | 8.46% |
| FY 2023 Q3 | Sep 1, 2023 | 88.14% | 34.7% | 28.69% | 39.16% | 38.3% | 36.44% | 1.86% | 9.04% |
| FY 2023 Q2 | Jun 2, 2023 | 88.12% | 33.72% | 26.89% | 38.29% | 44.41% | 41.9% | 2.51% | 8.99% |
| FY 2023 Q1 | Mar 3, 2023 | 87.8% | 34.07% | 26.79% | 38.63% | 36.37% | 34.2% | 2.17% | 8.94% |
| FY 2022 Q4 | Dec 2, 2022 | 87.45% | 33.26% | 25.99% | 38.01% | 51.38% | 49.37% | 2.01% | 8.57% |
| FY 2022 Q3 | Sep 2, 2022 | 87.68% | 33.48% | 25.63% | 38.35% | 38.44% | 35.62% | 2.82% | 8.53% |
| FY 2022 Q2 | Jun 3, 2022 | 87.71% | 34.86% | 26.86% | 39.69% | 46.51% | 43.64% | 2.87% | 8.03% |
| FY 2022 Q1 | Mar 4, 2022 | 87.99% | 37.07% | 29.7% | 42.07% | 41.51% | 39.16% | 2.35% | 7.56% |
| FY 2021 Q4 | Dec 3, 2021 | 87.66% | 36.52% | 30% | 41.51% | 50.27% | 47.86% | 2.41% | 6.55% |
| FY 2021 Q3 | Sep 3, 2021 | 88.13% | 36.62% | 30.8% | 41.52% | 35.68% | 33.27% | 2.41% | 7.12% |
| FY 2021 Q2 | Jun 4, 2021 | 88.42% | 36.66% | 29.1% | 41.72% | 51.84% | 49.36% | 2.48% | 6.78% |
| FY 2021 Q1 | Mar 5, 2021 | 88.55% | 37.23% | 32.29% | 42.25% | 45.38% | 43.87% | 1.51% | 6.66% |
| FY 2020 Q4 | Nov 27, 2020 | 87.5% | 35.48% | 65.71% | 41.03% | 52.04% | 49.04% | 3.01% | 6.8% |
| FY 2020 Q3 | Aug 28, 2020 | 86.76% | 33.15% | 29.61% | 39.07% | 44.53% | 40.62% | 3.91% | 7.19% |
| FY 2020 Q2 | May 29, 2020 | 86.73% | 32.48% | 35.17% | 38.49% | 37.85% | 34.78% | 3.07% | 7.26% |
| FY 2020 Q1 | Feb 28, 2020 | 85.38% | 30.31% | 30.9% | 36.4% | 42.87% | 39.83% | 3.04% | 7.02% |
| FY 2019 Q4 | Nov 29, 2019 | 84.89% | 32.42% | 28.47% | 42.3% | 46% | 42.86% | 3.14% | 6.79% |
| FY 2019 Q3 | Aug 30, 2019 | 85.32% | 30.13% | 27.97% | 35.44% | 32.55% | 29.39% | 3.16% | 6.9% |
| FY 2019 Q2 | May 31, 2019 | 85.15% | 27.31% | 23.05% | 32.62% | 40.42% | 35.12% | 5.3% | 7.44% |
| FY 2019 Q1 | Mar 1, 2019 | 84.73% | 26.71% | 25.92% | 32.29% | 38.96% | 36.46% | 2.51% | 7.1% |
| FY 2018 Q4 | Nov 30, 2018 | 85.42% | 29.24% | 27.52% | 33.57% | 44.96% | 42.42% | 2.54% | 6.88% |
| FY 2018 Q3 | Aug 31, 2018 | 87.1% | 31.37% | 29.08% | 35.16% | 41.7% | 38.92% | 2.77% | 7.21% |
| FY 2018 Q2 | Jun 1, 2018 | 87.18% | 31.82% | 30.21% | 35.29% | 44.48% | 42.41% | 2.06% | 6.57% |
| FY 2018 Q1 | Mar 2, 2018 | 87.55% | 33.8% | 28.05% | 37.48% | 47.6% | 43.02% | 4.58% | 6.28% |
| FY 2017 Q4 | Dec 1, 2017 | 86.5% | 32.36% | 25% | 36.41% | 41.52% | 39.65% | 1.88% | 5.98% |
| FY 2017 Q3 | Sep 1, 2017 | 85.72% | 29.64% | 22.79% | 34.11% | 38.26% | 35.32% | 2.95% | 6.36% |
| FY 2017 Q2 | Jun 2, 2017 | 86.49% | 28.44% | 21.13% | 33.05% | 36.39% | 33.27% | 3.12% | 6.55% |
| FY 2017 Q1 | Mar 3, 2017 | 85.89% | 27.89% | 23.69% | 32.69% | 43.43% | 41.59% | 1.84% | 5.85% |
| FY 2016 Q4 | Dec 2, 2016 | 86.54% | 29.36% | 24.85% | 34.45% | 43.25% | 40.22% | 3.02% | 5.44% |
| FY 2016 Q3 | Sep 2, 2016 | 86.15% | 25.23% | 18.5% | 30.97% | 35.38% | 31.6% | 3.77% | 5.77% |
| FY 2016 Q2 | Jun 3, 2016 | 85.55% | 24.61% | 17.45% | 30.65% | 34.94% | 31.1% | 3.84% | 6.12% |
| FY 2016 Q1 | Mar 4, 2016 | 85.65% | 22.25% | 18.38% | 28.12% | 35.97% | 32.63% | 3.34% | 6.67% |
| FY 2015 Q4 | Nov 27, 2015 | 84.59% | 22.23% | 17.05% | 28.84% | 34.79% | 29.84% | 4.95% | 6.2% |
| FY 2015 Q3 | Aug 28, 2015 | 84.32% | 20.2% | 14.33% | 27.39% | 29.6% | 25.58% | 4.02% | 7.06% |
| FY 2015 Q2 | May 29, 2015 | 84.07% | 16.66% | 12.69% | 24.05% | 40.57% | 37.5% | 3.07% | 7.28% |
| FY 2015 Q1 | Feb 27, 2015 | 84.96% | 15.6% | 7.65% | 22.78% | 16.5% | 13.3% | 3.2% | 7.59% |
| FY 2014 Q4 | Nov 28, 2014 | 85.01% | 11.6% | 8.21% | 18.88% | 37.24% | 33.82% | 3.43% | 7.91% |
| FY 2014 Q3 | Aug 29, 2014 | 84.31% | 7.38% | 4.44% | 15.35% | 26.71% | 21.24% | 5.47% | 8.26% |
| FY 2014 Q2 | May 30, 2014 | 85.5% | 12.66% | 8.29% | 19.93% | 34.41% | 31.86% | 2.55% | 7.77% |
| FY 2014 Q1 | Feb 28, 2014 | 85.15% | 7.87% | 4.7% | 15.64% | 25.16% | 22.23% | 2.94% | 8.28% |
| FY 2013 Q4 | Nov 29, 2013 | 85.84% | 9.87% | 6.27% | 17.68% | 30.24% | 26.87% | 3.37% | 8.15% |
| FY 2013 Q3 | Aug 30, 2013 | 85.22% | 11.09% | 8.34% | 19.35% | 21.66% | 16.96% | 4.7% | 8.14% |
| FY 2013 Q2 | May 31, 2013 | 86.61% | 11.01% | 7.57% | 19.03% | 29.6% | 25.03% | 4.58% | 7.8% |
| FY 2013 Q1 | Mar 1, 2013 | 84.45% | 9.75% | 6.46% | 17.36% | 31.95% | 25.98% | 5.97% | 8.35% |
| FY 2012 Q4 | Nov 30, 2012 | 89.16% | 26.68% | 19.28% | 33.5% | 41.07% | 33.97% | 7.09% | 6.58% |
| FY 2012 Q3 | Aug 31, 2012 | 88.93% | 25.76% | 18.63% | 32.61% | 24.37% | 17.2% | 7.17% | 7.37% |
| FY 2012 Q2 | Jun 1, 2012 | 88.36% | 27.14% | 19.91% | 34% | 39.86% | 34.46% | 5.4% | 6.35% |
| FY 2012 Q1 | Mar 2, 2012 | 89.64% | 27.65% | 17.72% | 34.33% | 30.08% | 25.19% | 4.89% | 6.85% |
| FY 2011 Q4 | Dec 2, 2011 | 89.9% | 21.36% | 15.08% | 27.72% | 43.11% | 36.61% | 6.5% | 6.52% |
| FY 2011 Q3 | Sep 2, 2011 | 89.67% | 27.05% | 19.26% | 33.37% | 32.09% | 25.63% | 6.46% | 6.43% |
| FY 2011 Q2 | Jun 3, 2011 | 89.33% | 27.05% | 22.42% | 33.56% | 38.05% | 34.39% | 3.67% | 7.32% |
| FY 2011 Q1 | Mar 4, 2011 | 89.53% | 29.42% | 22.83% | 35.87% | 32.31% | 29.16% | 3.15% | 6.91% |
| FY 2010 Q4 | Dec 3, 2010 | 89.36% | 28.47% | 26.67% | 36.02% | 30.82% | 25.32% | 5.5% | 5.64% |
| FY 2010 Q3 | Sep 3, 2010 | 89.99% | 30.5% | 23.23% | 37.88% | 29.43% | 25.49% | 3.94% | 5.02% |
| FY 2010 Q2 | Jun 4, 2010 | 88.57% | 24.1% | 15.76% | 32.04% | 26.63% | 21.36% | 5.26% | 6.37% |
| FY 2010 Q1 | Mar 5, 2010 | 89.59% | 20.59% | 14.81% | 28.58% | 30.26% | 27.28% | 2.98% | 7.51% |
| FY 2009 Q4 | Nov 27, 2009 | 89.13% | 20.29% | -4.23% | 31.52% | 33.52% | 28.9% | 4.61% | 5.46% |
| FY 2009 Q3 | Aug 28, 2009 | 90.67% | 24.03% | 19.5% | 33.19% | 33.93% | 25.56% | 8.38% | 5.69% |
| FY 2009 Q2 | May 29, 2009 | 89.78% | 22.9% | 17.89% | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
FCF subtracts reported cash capital investment. PPE purchases are preferred; the productive-assets fallback also includes software and intangibles. Acquisitions and noncash lease additions are excluded. EPS and weighted shares are not summed across quarters. Annual figures use annual reports.
The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.
Market prices: Yahoo Finance · ADBE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- Gross margin
- Gross profit / revenue × 100. Uses revenue − reported cost of revenue when gross profit is absent.
- Operating margin
- Operating income / revenue × 100. Uses reported operating income, or reported pretax income less the complete nonoperating income/expense total when both are available.
- Net margin
- Reported net income / revenue × 100.
- EBITDA margin
- (Operating income + reported depreciation and amortization) / revenue × 100. An EBITDA proxy, not adjusted EBITDA.
- Operating cash flow margin
- Operating cash flow / revenue × 100.
- Free cash flow margin
- Free cash flow / revenue × 100. Reflects the selected reported capex scope and the SBC option.
- Capex / revenue
- Reported cash capital investment / revenue × 100. Uses PPE purchases or, when those are not separately tagged, the broader productive-assets total.
- SBC / revenue
- Reported share-based compensation / revenue × 100.