SuperworthAdobe profit margin ADBE
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 28.0%
- Operating margin, 12 months
- 35.7%
- Net margin on a year earlier
- −2.0 pts
- Peer median
- 17.3%
Over the twelve months to Aug 28, 2026, Adobe kept 28.0% of its revenue as net profit, with an operating margin of 35.7% and a gross margin of 89.3%.
Five years earlier its net margin was 38.7%.
The median for 10 application software stocks of a similar size is 17.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 30.0% | 36.6% | 89.3% |
| FY2024 | 25.9% | 31.3% | 89.0% |
| FY2023 | 28.0% | 34.3% | 87.9% |
| FY2022 | 27.0% | 34.6% | 87.7% |
| FY2021 | 30.5% | 36.8% | 88.2% |
| FY2020 | 40.9% | 32.9% | 86.6% |
| FY2019 | 26.4% | 29.3% | 85.0% |
| FY2018 | 28.7% | 31.5% | 86.8% |
| FY2017 | 23.2% | 29.7% | 86.2% |
| FY2016 | 20.0% | 25.5% | 86.0% |
| FY2015 | 13.1% | 18.8% | 84.5% |
| FY2014 | 6.5% | 10.0% | 85.0% |
| FY2013 | 7.2% | 10.4% | 85.5% |
| FY2012 | 18.9% | 26.8% | 89.0% |
| FY2011 | 19.8% | 26.1% | 89.6% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 28.0% | −2.0 pts | 35.7% | |
| Q2 FY26 | 28.7% | −1.7 pts | 36.1% | |
| Q1 FY26 | 29.5% | −1.2 pts | 36.6% | |
| Q4 FY25 | 30.0% | +4.1 pts | 36.6% | |
| Q3 FY25 | 30.0% | +4.4 pts | 36.2% | |
| Q2 FY25 | 30.4% | +5.5 pts | 36.4% | |
| Q1 FY25 | 30.6% | +6.6 pts | 36.3% | |
| Q4 FY24 | 25.9% | −2.1 pts | 31.3% | |
| Q3 FY24 | 25.6% | −1.5 pts | 31.2% | |
| Q2 FY24 | 24.9% | −1.5 pts | 30.5% | |
| Q1 FY24 | 24.1% | −2.2 pts | 30.0% | |
| Q4 FY23 | 28.0% | +1.0 pts | 34.3% |
Against its peers
Companies in Software - Application nearest Adobe's size, closest first, today.
| Company | Profit margin |
|---|---|
| ADBEAdobe | 28.0% |
| DDOGDatadog | 4.5% |
| SNOWSnowflake | −20.1% |
| INTUIntuit | 21.3% |
| ADPAutomatic Data Processing | 20.1% |
| CDNSCadence Design Systems | 23.6% |
| APPAppLovin | 64.6% |
| UBERUber Technologies | 17.3% |
| NOWServiceNow | 11.3% |
| TEAMAtlassian | −0.8% |
| MSTRStrategy | n/m |
| Peer median | 17.3% |
Where Adobe ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Adobe
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.