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
DateValue
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