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| 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% |