Adobe (ADBE) Net Margin (2009 - 2026)
Adobe (ADBE) reported Net Margin of 29.52% for Q1 2026, down 217.0% year-over-year from 25.23% in Q1 2025, and down 1.47% on a QoQ basis from 29.96% in Q4 2025.
Adobe (ADBE) has 18 years of Net Margin data on file, last reported at 29.52% in Q1 2026.
- Quarterly Net Margin fell 217.0% year-over-year to 29.52% in Q1 2026, while the trailing twelve-month figure through Feb 2026 was 29.48% (down 116.0% YoY) and the FY2025 annual result came in at 30.0%, up 414.0% from the prior year.
- Net Margin slipped to 29.52% in Q1 2026 per ADBE's latest filing, from 29.96% in the prior quarter.
- Across five years, Net Margin topped out at 31.99% in Q1 2022 and bottomed at 11.96% in Q1 2024.
- The 5-year median for Net Margin is 29.38% (2023), against an average of 27.99%.
- The widest annual swing landed in 2024, when Net Margin slumped 1655 bps; it then jumped 1973 bps in 2025.
- Tracing ADBE's Net Margin over 5 years: stood at 21.58% in 2022, then surged by 36 bps to 29.38% in 2023, then advanced by 2 bps to 30.02% in 2024, then fell by 0 bps to 29.96% in 2025, then decreased by 1 bps to 29.52% in 2026.
- Per Business Quant, the three latest ADBE Net Margin figures stand at 29.52% (Q1 2026), 29.96% (Q4 2025), and 29.59% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 20.22% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 17.47% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -18.33% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.44% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 22.77% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 29.52% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 22.90% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 35.80% |
| 10 | Datadog | 78.54 Bn | 73.78 Bn | 797.20 Mn | 5.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 28.52% |
| Dec 2, 2022 | 21.58% |
| Sep 2, 2022 | 27.52% |
| Jun 3, 2022 | 28.94% |
| Mar 4, 2022 | 31.99% |
| Dec 3, 2021 | 30.00% |
| Sep 3, 2021 | 30.80% |
| Jun 4, 2021 | 29.10% |
| Mar 5, 2021 | 32.29% |
| Nov 27, 2020 | 65.71% |
| Aug 28, 2020 | 29.61% |
| May 29, 2020 | 35.17% |
| Feb 28, 2020 | 30.90% |
| Nov 29, 2019 | 28.44% |
| Aug 30, 2019 | 27.98% |
| May 31, 2019 | 23.07% |
| Mar 1, 2019 | 25.91% |
| Nov 30, 2018 | 27.53% |
| Aug 31, 2018 | 29.08% |
| Jun 1, 2018 | 30.21% |
| Mar 2, 2018 | 28.05% |
| Dec 1, 2017 | 25.00% |
| Sep 1, 2017 | 22.79% |
| Jun 2, 2017 | 21.13% |
| Mar 3, 2017 | 23.69% |
| Dec 2, 2016 | 24.85% |
| Sep 2, 2016 | 18.50% |
| Jun 3, 2016 | 17.45% |
| Mar 4, 2016 | 18.38% |
| Nov 27, 2015 | 17.05% |
| Aug 28, 2015 | 14.33% |
| May 29, 2015 | 12.69% |
| Feb 27, 2015 | 7.65% |
| Nov 28, 2014 | 8.21% |
| Aug 29, 2014 | 4.44% |
| May 30, 2014 | 8.29% |
| Feb 28, 2014 | 4.70% |
| Nov 29, 2013 | 6.27% |
| Aug 30, 2013 | 8.34% |
| May 31, 2013 | 7.57% |
| Mar 1, 2013 | 6.46% |
| Nov 30, 2012 | 19.28% |
| Aug 31, 2012 | 18.63% |
| Jun 1, 2012 | 19.91% |
| Mar 2, 2012 | 17.72% |
| Dec 2, 2011 | 15.08% |
| Sep 2, 2011 | 19.26% |
| Jun 3, 2011 | 22.42% |
| Mar 4, 2011 | 22.83% |
| Dec 3, 2010 | 26.67% |
| Sep 3, 2010 | 23.23% |
| Jun 4, 2010 | 15.76% |
| Mar 5, 2010 | 14.81% |
| Nov 27, 2009 | -4.23% |
| Aug 28, 2009 | 19.50% |
| May 29, 2009 | 17.89% |
| Feb 27, 2009 | 19.89% |