Adobe (ADBE) FCF Margin (2009 - 2026)
Adobe's (ADBE) quarterly FCF Margin came in at 31.84% in Q2 2026, down 467.0% year-over-year from 8.68% in Q2 2025, and down 30.27% quarter-over-quarter from 45.65% in Q1 2026.
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Adobe (ADBE) FCF Margin (2009 - 2026) Analysis & Trends
Adobe (ADBE) has reported FCF Margin for 18 consecutive years, with 31.84% the latest figure, recorded 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 was 31.84% for Q2 2026 at Adobe, down from 45.65% 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 38.85% and a median of 36.47% in 2023 frame the typical range for FCF Margin.
- Across the five-year window, FCF Margin slumped 1866 bps in 2023 and soared 2104 bps in 2025, its largest moves.
- Over 5 years, FCF Margin stood at 49.37% in 2022, then plunged by 38 bps to 30.71% in 2023, then surged by 67 bps to 51.25% in 2024, then fell by 2 bps to 50.47% in 2025, then sank by 37 bps to 31.84% in 2026.
- The last three FCF Margin figures came in at 31.84% (Q2 2026), 45.65% (Q1 2026), and 50.47% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 94.11 Bn | 88.47 Bn | 6.00 Bn | 36.07% |
| 2 | Atlassian | 50.75 Bn | 49.51 Bn | 1.53 Bn | 26.87% |
| 3 | Autodesk | 45.38 Bn | 41.23 Bn | 1.87 Bn | 27.42% |
| 4 | Twilio | 44.64 Bn | 41.99 Bn | 725.87 Mn | 23.73% |
| 5 | Zoom Communications | 26.86 Bn | 19.62 Bn | 985.50 Mn | - |
| 6 | Figma | 11.55 Bn | 9.88 Bn | 309.61 Mn | - |
| 7 | Dropbox | 7.52 Bn | 6.40 Bn | 506.50 Mn | 37.24% |
| 8 | Nice | 7.12 Bn | 6.76 Bn | 995.81 Mn | 20.58% |
| 9 | RingCentral | 6.64 Bn | 6.53 Bn | 472.31 Mn | 29.04% |
| 10 | Open Text | 5.59 Bn | 4.63 Bn | 1.01 Bn | 9.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 36.07% |
| 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 | 49.37% |
| Sep 2, 2022 | 35.62% |
| Jun 3, 2022 | 43.64% |
| Mar 4, 2022 | 39.16% |
| Dec 3, 2021 | 47.86% |
API Access
Adobe FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ADBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();