Adobe (ADBE) Net Margin (2009 - 2026)
Adobe's (ADBE) quarterly Net Margin came in at 25.87% in Q2 2026, down 292.0% year-over-year from 13.47% in Q2 2025, and down 12.38% quarter-over-quarter from 29.52% in Q1 2026.
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Analysis
Adobe (ADBE) Net Margin (2009 - 2026) Analysis & Trends
Adobe (ADBE) has reported Net Margin for 18 consecutive years, with 25.87% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 292.0% year-over-year to 25.87% in Q2 2026; TTM through May 2026 was 28.69%, a 170.0% decrease from a year earlier, with the FY2025 full-year figure at 30.0%, up 414.0% from the prior year.
- Net Margin was 25.87% for Q2 2026 at Adobe, down from 29.52% in the prior quarter.
- Over five years, Net Margin peaked at 31.69% in Q1 2025 and troughed at 11.96% in Q1 2024.
- A 5-year average of 27.67% and a median of 29.09% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin plunged 1482 bps in 2024 and surged 1973 bps in 2025, its largest moves.
- Over 5 years, Net Margin stood at 25.99% in 2022, then climbed by 13 bps to 29.38% in 2023, then climbed by 2 bps to 30.02% in 2024, then retreated by 0 bps to 29.96% in 2025, then fell by 14 bps to 25.87% in 2026.
- The last three Net Margin figures came in at 25.87% (Q2 2026), 29.52% (Q1 2026), and 29.96% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 94.11 Bn | 88.47 Bn | 6.00 Bn | 27.03% |
| 2 | Atlassian | 50.75 Bn | 49.51 Bn | 1.53 Bn | 7.87% |
| 3 | Autodesk | 45.38 Bn | 41.23 Bn | 1.87 Bn | 24.05% |
| 4 | Twilio | 44.64 Bn | 41.99 Bn | 725.87 Mn | 71.19% |
| 5 | Zoom Communications | 26.86 Bn | 19.62 Bn | 985.50 Mn | 120.77% |
| 6 | Figma | 11.55 Bn | 9.88 Bn | 309.61 Mn | -30.30% |
| 7 | Dropbox | 7.52 Bn | 6.40 Bn | 506.50 Mn | 15.17% |
| 8 | Nice | 7.12 Bn | 6.76 Bn | 995.81 Mn | 8.38% |
| 9 | RingCentral | 6.64 Bn | 6.53 Bn | 472.31 Mn | 5.95% |
| 10 | Open Text | 5.59 Bn | 4.63 Bn | 1.01 Bn | 11.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 27.03% |
| May 29, 2026 | 25.87% |
| Feb 27, 2026 | 29.52% |
| Nov 28, 2025 | 29.96% |
| Aug 29, 2025 | 29.59% |
| May 30, 2025 | 28.79% |
| Feb 28, 2025 | 31.69% |
| Nov 29, 2024 | 30.02% |
| Aug 30, 2024 | 31.14% |
| May 31, 2024 | 29.63% |
| Mar 1, 2024 | 11.96% |
| Dec 1, 2023 | 29.38% |
| Sep 1, 2023 | 28.69% |
| Jun 2, 2023 | 26.89% |
| Mar 3, 2023 | 26.79% |
| Dec 2, 2022 | 25.99% |
| Sep 2, 2022 | 25.63% |
| Jun 3, 2022 | 26.86% |
| Mar 4, 2022 | 29.70% |
| Dec 3, 2021 | 30.00% |
API Access
Adobe Net 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=net-margin&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();