Adobe (ADBE) Cost of Revenue (2009 - 2026)
Adobe's Cost of Revenue came in at $763 million for fiscal Q3 2026 (quarter ended Aug 28, 2026), up 18.8% from $642 million a year earlier and up 6.7% from the prior quarter.
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Analysis
Adobe (ADBE) Cost of Revenue (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Aug 28, 2026, Adobe reported Cost of Revenue of $2.79 billion, up 10.8% year-over-year; for FY2025 (ended Nov 28, 2025), it was $2.55 billion, up 8.2% from FY2024.
- Cost of Revenue has increased in each of the last 16 fiscal years, with a five-year compound annual growth rate of 8.2% (FY2020 to FY2025).
- Going back by fiscal year, Cost of Revenue was $2.36 billion in FY2024 (+0.2%), $2.35 billion in FY2023 (+8.7%), $2.17 billion in FY2022 (+16.1%) and $1.87 billion in FY2021 (+8.3%).
- The fiscal Q3 2026 figure represents the highest quarterly Cost of Revenue in data going back to fiscal Q1 2009.
- Year-over-year, Cost of Revenue has increased for seven consecutive quarters, with growth averaging 8.5% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in fiscal Q2 2022 (growth of 21.4%), and the weakest in fiscal Q3 2024 (a decline of 4.5%).
- Business Quant data shows ADBE's Cost of Revenue at $715 million (Q2 2026), $664 million (Q1 2026) and $649 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 99.39 Bn | 74.64 Bn | 6.00 Bn | 763.00 Mn |
| 2 | Atlassian | 56.40 Bn | 49.68 Bn | 1.53 Bn | 238.45 Mn |
| 3 | Autodesk | 51.55 Bn | 39.59 Bn | 1.87 Bn | 176.00 Mn |
| 4 | Twilio | 41.87 Bn | 31.94 Bn | 725.87 Mn | 773.22 Mn |
| 5 | Zoom Communications | 28.87 Bn | -1.92 Bn | 985.50 Mn | 291.72 Mn |
| 6 | Figma | 12.14 Bn | 5.65 Bn | 309.61 Mn | 60.47 Mn |
| 7 | Dropbox | 8.22 Bn | 3.86 Bn | 506.50 Mn | 125.00 Mn |
| 8 | Nice | 7.17 Bn | 5.64 Bn | 995.81 Mn | 555.10 Mn |
| 9 | RingCentral | 6.72 Bn | 6.21 Bn | 472.31 Mn | 184.70 Mn |
| 10 | Open Text | 6.42 Bn | 1.85 Bn | 1.01 Bn | 337.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 763.00 Mn |
| May 29, 2026 | 715.00 Mn |
| Feb 27, 2026 | 664.00 Mn |
| Nov 28, 2025 | 649.00 Mn |
| Aug 29, 2025 | 642.00 Mn |
| May 30, 2025 | 638.00 Mn |
| Feb 28, 2025 | 622.00 Mn |
| Nov 29, 2024 | 616.00 Mn |
| Aug 30, 2024 | 554.00 Mn |
| May 31, 2024 | 598.00 Mn |
| Mar 1, 2024 | 590.00 Mn |
| Dec 1, 2023 | 634.00 Mn |
| Sep 1, 2023 | 580.00 Mn |
| Jun 2, 2023 | 572.00 Mn |
| Mar 3, 2023 | 568.00 Mn |
| Dec 2, 2022 | 568.00 Mn |
| Sep 2, 2022 | 546.00 Mn |
| Jun 3, 2022 | 539.00 Mn |
| Mar 4, 2022 | 512.00 Mn |
| Dec 3, 2021 | 507.00 Mn |
API Access
Adobe Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ADBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();