Adobe (ADBE) Net Margin (2009 - 2026)
Adobe's (ADBE) quarterly Net Margin came in at 25.87% in Q2 2026, down 292.0% year-on-year from 13.47% in Q2 2025, and down 12.38% on a QoQ basis from 29.52% in Q1 2026.
Adobe (ADBE) Net Margin (2009 - 2026) Analysis & Trends
Adobe (ADBE) has 18 years of Net Margin data on file, last reported at 25.87% 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 for Q2 2026 stood at 25.87%, down from 29.52% in the prior quarter.
- Over the last five years, Net Margin for ADBE reached as high as 873.1% in Q1 2022 and fell as low as 6.84% in Q4 2022.
- Historically, Net Margin has averaged 116.8% across 5 years, with a median of 29.45% in 2023.
- Across the five-year window, Net Margin soared 7744 bps in 2022 and plunged 84632 bps in 2023, its largest moves.
- Year by year, Net Margin stood at 6.84% in 2022, then jumped by 329 bps to 29.38% in 2023, then gained by 2 bps to 30.02% in 2024, then declined by 0 bps to 29.96% in 2025, then dropped by 14 bps to 25.87% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 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 | 208.91 Bn | 189.27 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | -18.33% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 2.29% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 18.93% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 7.47% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 22.90% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -21.25% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 22.77% |
| 10 | Adobe | 85.38 Bn | 79.75 Bn | 5.90 Bn | 25.87% |
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% |