Adobe (ADBE) FCF Margin (2009 - 2025)

Adobe (ADBE) has reported FCF Margin for 17 consecutive years, with 41.45% the latest figure, recorded in FY2025.

• 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 grew to 41.45% in FY2025 per ADBE's latest filing, from 36.61% in the prior year.
• Across five years, FCF Margin topped out at 43.6% in FY2021 and bottomed at 35.77% in FY2023.
• Historically, FCF Margin has averaged 39.89% across 5 years, with a median of 41.45% in 2025.
• Annual changes were most pronounced in 2023 — FCF Margin slumped 624 bps — and 2025, when it surged 484 bps.
• Adobe's FCF Margin stood at 43.6% in 2021, then slipped by 4 bps to 42.01% in 2022, then retreated by 15 bps to 35.77% in 2023, then rose by 2 bps to 36.61% in 2024, then climbed by 13 bps to 41.45% in 2025.
• Business Quant data shows ADBE's FCF Margin at 41.45% in FY2025, 36.61% in FY2024, and 35.77% in FY2023.