Adobe (ADBE) Cost of Revenue (2009 - 2026)
Adobe (ADBE) reported Cost of Revenue of $1.7 billion for Q1 2026, up 14.25% year-over-year from $1.5 billion in Q1 2025, and up 177.32% quarter-over-quarter from -$2.2 billion in Q4 2025.
Adobe (ADBE) Cost of Revenue (2009 - 2026) Analysis & Trends
Adobe (ADBE) has 18 years of Cost of Revenue data on file, last reported at $1.7 billion in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $1.7 billion, up 14.25% year-over-year; the trailing twelve-month figure through Feb 2026 was $1.8 billion (down 78.95% YoY), and the FY2025 annual result was $2.6 billion, down 55.74% from the prior year.
- Cost of Revenue improved to $1.7 billion in Q1 2026 per ADBE's latest filing, from -$2.2 billion in the prior quarter.
- Over five years, Cost of Revenue peaked at $4.0 billion in Q4 2024 and troughed at -$2.2 billion in Q4 2025.
- A 5-year average of $890.5 million and a median of $1.2 billion in 2022 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue plunged 225.6% in 2023, then jumped 346.9% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $1.3 billion in 2022, then sank by 225.6% to -$1.6 billion in 2023, then jumped by 346.9% to $4.0 billion in 2024, then slumped by 154.92% to -$2.2 billion in 2025, then soared by 177.32% to $1.7 billion in 2026.
- Business Quant data shows ADBE's Cost of Revenue at $1.7 billion in Q1 2026, -$2.2 billion in Q4 2025, and $642.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 3.02 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 55.33 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 1.33 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 1.62 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 3.77 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 211.49 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 940.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 3.07 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 715.00 Mn |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | 464.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 29, 2026 | 715.00 Mn |
| May 29, 2026 | 715.00 Mn |
| Feb 27, 2026 | 1.71 Bn |
| Feb 27, 2026 | 1.71 Bn |
| Nov 28, 2025 | 1.73 Bn |
| Nov 28, 2025 | 1.73 Bn |
| Aug 29, 2025 | 1.64 Bn |
| Aug 29, 2025 | 1.64 Bn |
| May 30, 2025 | 638.00 Mn |
| May 30, 2025 | 638.00 Mn |
| Feb 28, 2025 | 622.00 Mn |
| Feb 28, 2025 | 622.00 Mn |
| Nov 29, 2024 | -1.87 Bn |
| Nov 29, 2024 | -1.87 Bn |
| Aug 30, 2024 | 554.00 Mn |
| Aug 30, 2024 | 554.00 Mn |
| May 31, 2024 | 1.45 Bn |
| May 31, 2024 | 1.45 Bn |
| Mar 1, 2024 | 1.35 Bn |
| Mar 1, 2024 | 1.35 Bn |