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% on a QoQ basis from 50.47% in Q4 2025.
Adobe (ADBE) has 18 years of FCF Margin data on file, last reported at 45.65% in Q1 2026.
- Quarterly FCF Margin rose 267.0% year-over-year to 45.65% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 42.19% (up 48.0% YoY) and the FY2025 annual result came in at 41.45%, up 484.0% from the prior year.
- FCF Margin retreated to 45.65% in Q1 2026 per ADBE's latest filing, from 50.47% in the prior quarter.
- Across five years, FCF Margin topped out at 51.25% in Q4 2024 and bottomed at 21.94% in Q1 2024.
- The 5-year median for FCF Margin is 38.25% (2022), against an average of 39.43%.
- The widest annual swing landed in 2024, when FCF Margin tumbled 1446 bps; it then surged 2104 bps in 2025.
- Tracing ADBE's FCF Margin over 5 years: stood at 40.99% in 2022, then slipped by 25 bps to 30.71% in 2023, then jumped by 67 bps to 51.25% in 2024, then declined by 2 bps to 50.47% in 2025, then dropped by 10 bps to 45.65% in 2026.
- Per Business Quant, the three latest ADBE FCF Margin figures stand at 45.65% (Q1 2026), 50.47% (Q4 2025), and 35.5% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 36.77% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 47.52% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 15.02% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 41.64% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 20.82% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 45.65% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 36.83% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 61.18% |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 32.12% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 36.41% |
| 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% |
| Jun 4, 2021 | 49.36% |
| Mar 5, 2021 | 43.87% |
| Nov 27, 2020 | 49.04% |
| Aug 28, 2020 | 40.62% |
| May 29, 2020 | 34.78% |
| Feb 28, 2020 | 39.83% |
| Nov 29, 2019 | 42.85% |
| Aug 30, 2019 | 29.39% |
| May 31, 2019 | 35.13% |
| Mar 1, 2019 | 36.45% |
| Nov 30, 2018 | 42.39% |
| Aug 31, 2018 | 38.92% |
| Jun 1, 2018 | 42.41% |
| Mar 2, 2018 | 43.02% |
| Dec 1, 2017 | 39.65% |
| Sep 1, 2017 | 35.32% |
| Jun 2, 2017 | 33.27% |
| Mar 3, 2017 | 41.59% |
| Dec 2, 2016 | 40.22% |
| Sep 2, 2016 | 31.60% |
| Jun 3, 2016 | 31.10% |
| Mar 4, 2016 | 32.63% |
| Nov 27, 2015 | 29.84% |
| Aug 28, 2015 | 25.58% |
| May 29, 2015 | 37.50% |
| Feb 27, 2015 | 13.30% |
| Nov 28, 2014 | 33.82% |
| Aug 29, 2014 | 21.24% |
| May 30, 2014 | 31.86% |
| Feb 28, 2014 | 22.23% |
| Nov 29, 2013 | 26.87% |
| Aug 30, 2013 | 16.96% |
| May 31, 2013 | 25.03% |
| Mar 1, 2013 | 25.98% |
| Nov 30, 2012 | 33.97% |
| Aug 31, 2012 | 17.20% |
| Jun 1, 2012 | 34.46% |
| Mar 2, 2012 | 25.19% |
| Dec 2, 2011 | 36.61% |
| Sep 2, 2011 | 25.63% |
| Jun 3, 2011 | 34.39% |
| Mar 4, 2011 | 29.16% |
| Dec 3, 2010 | 25.32% |
| Sep 3, 2010 | 25.49% |
| Jun 4, 2010 | 21.36% |
| Mar 5, 2010 | 27.29% |
| Nov 27, 2009 | 28.91% |
| Aug 28, 2009 | 25.56% |
| May 29, 2009 | 35.65% |
| Feb 27, 2009 | 44.49% |