Adobe (ADBE) FCF Margin (2009 - 2026)
Adobe's FCF Margin came in at 36.07% for fiscal Q3 2026 (quarter ended Aug 28, 2026), up 0.56 percentage points from 35.50% a year earlier and up 4.23 percentage points from the prior quarter.
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Analysis
Adobe (ADBE) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Aug 28, 2026, Adobe reported FCF Margin of 40.79%, down 0.62 percentage points year-over-year; for FY2025 (ended Nov 28, 2025), it was 41.45%, up 4.84 percentage points from FY2024.
- FCF Margin carries a five-year change of +0.20 percentage points (FY2020 to FY2025).
- Going back by fiscal year, FCF Margin was 36.61% in FY2024 (+0.84 pp), 35.77% in FY2023 (-6.24 pp), 42.01% in FY2022 (-1.59 pp) and 43.60% in FY2021 (+2.35 pp).
- The five-year range for quarterly FCF Margin is 21.94% (fiscal Q1 2024) to 51.25% (fiscal Q4 2024).
- Year-over-year, FCF Margin increased in five of the last eight quarters, with an average year-over-year change of +4.91 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in fiscal Q1 2025 (a gain of 21.04 percentage points), and the weakest in fiscal Q4 2023 (a drop of 18.66 percentage points).
- Business Quant data shows ADBE's FCF Margin at 31.84% (Q2 2026), 45.65% (Q1 2026) and 50.47% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 99.39 Bn | 74.64 Bn | 6.00 Bn | 36.07% |
| 2 | Atlassian | 56.40 Bn | 49.68 Bn | 1.53 Bn | 26.87% |
| 3 | Autodesk | 51.55 Bn | 39.59 Bn | 1.87 Bn | 27.42% |
| 4 | Twilio | 41.87 Bn | 31.94 Bn | 725.87 Mn | 24.64% |
| 5 | Zoom Communications | 28.87 Bn | -1.92 Bn | 985.50 Mn | - |
| 6 | Figma | 12.14 Bn | 5.65 Bn | 309.61 Mn | - |
| 7 | Dropbox | 8.22 Bn | 3.86 Bn | 506.50 Mn | 37.24% |
| 8 | Nice | 7.17 Bn | 5.64 Bn | 995.81 Mn | 20.58% |
| 9 | RingCentral | 6.72 Bn | 6.21 Bn | 472.31 Mn | 29.81% |
| 10 | Open Text | 6.42 Bn | 1.85 Bn | 1.01 Bn | 9.04% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 36.07% |
| 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 | 49.37% |
| Sep 2, 2022 | 35.62% |
| Jun 3, 2022 | 43.64% |
| Mar 4, 2022 | 39.16% |
| Dec 3, 2021 | 47.86% |
API Access
Adobe FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ADBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();