Adobe (ADBE) Net Margin (2009 - 2026)
Adobe (ADBE) posted quarterly Net Margin of 25.87% for 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.
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.
- In Q2 2026, Net Margin fell 292.0% year-over-year to 25.87%; the TTM figure through May 2026 stood at 28.69% (down 170.0% YoY), while the FY2025 annual figure was 30.0%, up 414.0% from the prior year.
- Net Margin slipped to 25.87% in Q2 2026 per ADBE's latest filing, from 29.52% in the prior quarter.
- Across five years, Net Margin topped out at 873.1% in Q1 2022 and bottomed at 6.84% in Q4 2022.
- Historically, Net Margin has averaged 116.8% across 5 years, with a median of 29.45% in 2023.
- Annual changes were most pronounced in 2022 — Net Margin surged 7744 bps — and 2023, when it slumped 84632 bps.
- Adobe's Net Margin stood at 6.84% in 2022, then surged by 329 bps to 29.38% in 2023, then increased by 2 bps to 30.02% in 2024, then slipped by 0 bps to 29.96% in 2025, then decreased by 14 bps to 25.87% in 2026.
- Business Quant data shows ADBE's Net Margin at 25.87% in Q2 2026, 29.52% in Q1 2026, and 29.96% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 21.16% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 41.92% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 18.93% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 17.17% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 7.47% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -21.25% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 17.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 25.87% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 35.80% |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 3.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 6.84% |
| Sep 2, 2022 | 25.63% |
| Jun 3, 2022 | 806.85% |
| Mar 4, 2022 | 873.10% |
| Dec 3, 2021 | 8.03% |
| Sep 3, 2021 | 30.80% |