Adobe (ADBE) EBITDA Margin (2009 - 2026)
Adobe (ADBE) reported EBITDA Margin of 37.79% for Q1 2026, down 6.0% year-over-year from 40.21% in Q1 2025, and up 3.53% quarter-over-quarter from 36.5% in Q4 2025.
Adobe (ADBE) EBITDA Margin (2009 - 2026) Analysis & Trends
Adobe (ADBE) has 18 years of EBITDA Margin data on file, last reported at 37.79% in Q1 2026.
- EBITDA Margin for Q1 2026 came in at 37.79%, down 6.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 36.65% (up 36.0% YoY), and the FY2025 annual result was 36.63%, up 528.0% from the prior year.
- EBITDA Margin advanced to 37.79% in Q1 2026 per ADBE's latest filing, from 36.5% in the prior quarter.
- Over five years, EBITDA Margin peaked at 39.92% in Q1 2022 and troughed at 17.5% in Q1 2024.
- A 5-year average of 34.67% and a median of 35.95% in 2022 frame the typical range for EBITDA Margin.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin plunged 1877 bps in 2024, then surged 2035 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 27.61% in 2022, then gained by 25 bps to 34.53% in 2023, then gained by 1 bps to 34.91% in 2024, then increased by 5 bps to 36.5% in 2025, then increased by 4 bps to 37.79% in 2026.
- Business Quant data shows ADBE's EBITDA Margin at 37.79% in Q1 2026, 36.5% in Q4 2025, and 36.29% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.49% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.12% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -23.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 29, 2026 | 33.82% |
| Feb 27, 2026 | 37.79% |
| Nov 28, 2025 | 36.50% |
| Aug 29, 2025 | 36.29% |
| May 30, 2025 | 35.91% |
| Feb 28, 2025 | 37.85% |
| Nov 29, 2024 | 34.91% |
| Aug 30, 2024 | 36.83% |
| May 31, 2024 | 35.51% |
| Mar 1, 2024 | 17.50% |
| Dec 1, 2023 | 34.53% |
| Sep 1, 2023 | 34.70% |
| Jun 2, 2023 | 33.72% |
| Mar 3, 2023 | 34.07% |
| Dec 2, 2022 | 27.61% |
| Sep 2, 2022 | 35.95% |
| Jun 3, 2022 | 37.57% |
| Mar 4, 2022 | 39.92% |
| Dec 3, 2021 | 36.52% |
| Sep 3, 2021 | 36.62% |