Adobe (ADBE) Gross Margin (2009 - 2026)
Adobe (ADBE) posted quarterly Gross Margin of 89.2% for Q2 2026, up 6.0% year-over-year from 84.15% in Q2 2025, and little changed quarter-over-quarter from 89.62% in Q1 2026.
Adobe (ADBE) Gross Margin (2009 - 2026) Analysis & Trends
Adobe (ADBE) has reported Gross Margin for 18 consecutive years, with 89.2% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 6.0% year-over-year to 89.2%; the TTM figure through May 2026 stood at 89.4% (up 16.0% YoY), while the FY2025 annual figure was 89.27%, up 23.0% from the prior year.
- Gross Margin held at 89.2% in Q2 2026 per ADBE's latest filing, from 89.62% in the prior quarter.
- Across five years, Gross Margin topped out at 2634.93% in Q2 2022 and bottomed at 23.02% in Q4 2022.
- Historically, Gross Margin has averaged 365.3% across 5 years, with a median of 89.06% in 2024.
- Annual changes were most pronounced in 2022 — Gross Margin surged 41859 bps — and 2023, when it plunged 254681 bps.
- Adobe's Gross Margin stood at 23.02% in 2022, then surged by 280 bps to 87.44% in 2023, then grew by 2 bps to 89.01% in 2024, then grew by 1 bps to 89.52% in 2025, then slipped by 0 bps to 89.2% in 2026.
- Business Quant data shows ADBE's Gross Margin at 89.2% in Q2 2026, 89.62% in Q1 2026, and 89.52% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 73.08% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 47.67% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 76.92% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 44.93% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 70.68% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 66.61% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 45.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 89.20% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 84.61% |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 78.59% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 29, 2026 | 89.20% |
| Feb 27, 2026 | 89.62% |
| Nov 28, 2025 | 89.52% |
| Aug 29, 2025 | 89.28% |
| May 30, 2025 | 89.14% |
| Feb 28, 2025 | 89.11% |
| Nov 29, 2024 | 89.01% |
| Aug 30, 2024 | 89.76% |
| May 31, 2024 | 88.74% |
| Mar 1, 2024 | 88.61% |
| Dec 1, 2023 | 87.44% |
| Sep 1, 2023 | 88.14% |
| Jun 2, 2023 | 88.12% |
| Mar 3, 2023 | 87.80% |
| Dec 2, 2022 | 23.02% |
| Sep 2, 2022 | 87.68% |
| Jun 3, 2022 | 2,634.93% |
| Mar 4, 2022 | 2,586.21% |
| Dec 3, 2021 | 23.46% |
| Sep 3, 2021 | 88.13% |