Adobe (ADBE) FCF Margin (2009 - 2026)

Adobe (ADBE) reported FCF Margin of 45.65% for Q1 2026, up 267.0% year-over-year from 12.44% in Q1 2025, and down 9.54% quarter-over-quarter from 50.47% in Q4 2025.

Adobe (ADBE) FCF Margin (2009 - 2026) Analysis & Trends

Adobe (ADBE) has 18 years of FCF Margin data on file, last reported at 45.65% in Q1 2026.

  • FCF Margin for Q1 2026 came in at 45.65%, up 267.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 42.19% (up 48.0% YoY), and the FY2025 annual result was 41.45%, up 484.0% from the prior year.
  • FCF Margin fell to 45.65% in Q1 2026 per ADBE's latest filing, from 50.47% in the prior quarter.
  • Over five years, FCF Margin peaked at 51.25% in Q4 2024 and troughed at 21.94% in Q1 2024.
  • A 5-year average of 39.43% and a median of 38.25% in 2022 frame the typical range for FCF Margin.
  • The sharpest annual moves came in 2024 and 2025: FCF Margin sank 1446 bps in 2024, then jumped 2104 bps in 2025.
  • A 5-year view of FCF Margin shows it stood at 40.99% in 2022, then declined by 25 bps to 30.71% in 2023, then soared by 67 bps to 51.25% in 2024, then retreated by 2 bps to 50.47% in 2025, then fell by 10 bps to 45.65% in 2026.
  • Business Quant data shows ADBE's FCF Margin at 45.65% in Q1 2026, 50.47% in Q4 2025, and 35.5% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn 36.77%
2 Full Truck Alliance 166.83 Bn 164.28 Bn - -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn 17.31%
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn 15.02%
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn 58.89%
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn 20.82%
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn 41.64%
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn 36.83%
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn 31.84%
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn 16.41%

Historic Data

Download Data
DateValue
May 29, 2026 31.84%
Feb 27, 2026 45.65%
Nov 28, 2025 50.47%
Aug 29, 2025 35.50%
May 30, 2025 36.51%
Feb 28, 2025 42.98%
Nov 29, 2024 51.25%
Aug 30, 2024 36.32%
May 31, 2024 35.77%
Mar 1, 2024 21.94%
Dec 1, 2023 30.71%
Sep 1, 2023 36.44%
Jun 2, 2023 41.90%
Mar 3, 2023 34.20%
Dec 2, 2022 40.99%
Sep 2, 2022 38.25%
Jun 3, 2022 47.03%
Mar 4, 2022 42.17%
Dec 3, 2021 47.86%
Sep 3, 2021 33.27%