Adobe (ADBE) FCF Margin (2009 - 2026)
Adobe (ADBE) posted quarterly FCF Margin of 31.84% for 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.
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.
- In Q2 2026, FCF Margin fell 467.0% year-over-year to 31.84%; the TTM figure through May 2026 stood at 40.8% (down 96.0% YoY), while the FY2025 annual figure was 41.45%, up 484.0% from the prior year.
- FCF Margin fell to 31.84% in Q2 2026 per ADBE's latest filing, from 45.65% in the prior quarter.
- Across five years, FCF Margin topped out at 1310.96% in Q2 2022 and bottomed at 13.0% in Q4 2022.
- Historically, FCF Margin has averaged 169.0% across 5 years, with a median of 36.38% in 2023.
- Annual changes were most pronounced in 2022 — FCF Margin jumped 7370 bps — and 2023, when it sank 126906 bps.
- Adobe's FCF Margin stood at 13.0% in 2022, then surged by 136 bps to 30.71% in 2023, then jumped by 67 bps to 51.25% in 2024, then decreased by 2 bps to 50.47% in 2025, then sank by 37 bps to 31.84% in 2026.
- Business Quant data shows ADBE's FCF Margin at 31.84% in Q2 2026, 45.65% in Q1 2026, and 50.47% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 36.13% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 18.25% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 58.89% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 19.67% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 11.86% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 16.73% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 24.76% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 31.84% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 61.18% |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 25.73% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |