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% quarter-over-quarter from 50.47% in Q4 2025.
Adobe (ADBE) FCF Margin (2009 - 2026) Analysis & Trends
Adobe (ADBE) has 18 years of FCF Margin data on file, last reported at 45.65% in Q1 2026.
- FCF Margin for Q1 2026 came in at 45.65%, up 267.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 42.19% (up 48.0% YoY), and the FY2025 annual result was 41.45%, up 484.0% from the prior year.
- FCF Margin fell to 45.65% in Q1 2026 per ADBE's latest filing, from 50.47% 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 39.43% and a median of 38.25% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2024 and 2025: FCF Margin sank 1446 bps in 2024, then jumped 2104 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 40.99% in 2022, then declined by 25 bps to 30.71% in 2023, then soared by 67 bps to 51.25% in 2024, then retreated by 2 bps to 50.47% in 2025, then fell by 10 bps to 45.65% in 2026.
- Business Quant data shows ADBE's FCF Margin at 45.65% in Q1 2026, 50.47% in Q4 2025, and 35.5% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 15.02% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 58.89% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 20.82% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 41.64% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 36.83% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 31.84% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | 16.41% |
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 | 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% |