Adobe (ADBE) FCF Margin (2009 - 2026)

Adobe's (ADBE) quarterly FCF Margin came in at 31.84% in Q2 2026, down 467.0% year-on-year from 8.68% in Q2 2025, and down 30.27% on a QoQ basis from 45.65% in Q1 2026.

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

Adobe (ADBE) has 18 years of FCF Margin data on file, last reported at 31.84% in Q2 2026.

  • On a quarterly basis, FCF Margin fell 467.0% year-over-year to 31.84% in Q2 2026; TTM through May 2026 was 40.8%, a 96.0% decrease from a year earlier, with the FY2025 full-year figure at 41.45%, up 484.0% from the prior year.
  • FCF Margin for Q2 2026 stood at 31.84%, down from 45.65% in the prior quarter.
  • Over the last five years, FCF Margin for ADBE reached as high as 1310.96% in Q2 2022 and fell as low as 13.0% in Q4 2022.
  • Historically, FCF Margin has averaged 169.0% across 5 years, with a median of 36.38% in 2023.
  • Across the five-year window, FCF Margin surged 7370 bps in 2022 and tumbled 126906 bps in 2023, its largest moves.
  • Year by year, FCF Margin stood at 13.0% in 2022, then jumped by 136 bps to 30.71% in 2023, then soared by 67 bps to 51.25% in 2024, then dropped by 2 bps to 50.47% in 2025, then sank by 37 bps to 31.84% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 31.84% in Q2 2026, 45.65% in Q1 2026, and 50.47% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 39.26%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 15.02%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 17.31%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 58.89%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 11.86%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 36.83%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 16.73%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 20.82%
10 Adobe 85.38 Bn 79.75 Bn 5.90 Bn 31.84%

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 13.00%
Sep 2, 2022 35.62%
Jun 3, 2022 1,310.96%
Mar 4, 2022 1,151.03%
Dec 3, 2021 12.81%
Sep 3, 2021 33.27%