Adobe (ADBE) Net Margin (2009 - 2026)
Adobe (ADBE) recorded Net Margin of 27.03% in fiscal Q3 2026 (quarter ended Aug 28, 2026), down 2.57 percentage points from 29.59% a year earlier but up 1.16 percentage points from the prior quarter.
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Analysis
Adobe (ADBE) Net Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Adobe's Net Margin came in at 28.05% as of Aug 28, 2026, down 1.96 percentage points year-over-year; for FY2025 (ended Nov 28, 2025), it was 30.00%, up 4.14 percentage points from FY2024.
- Annual Net Margin has a five-year change of -10.88 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Net Margin came in at 25.85% in FY2024 (-2.11 pp), 27.97% in FY2023 (+0.95 pp), 27.01% in FY2022 (-3.53 pp) and 30.55% in FY2021 (-10.33 pp).
- Quarterly Net Margin has ranged from 11.96% in fiscal Q1 2024 to 31.69% in fiscal Q1 2025 over the past five years.
- On a year-over-year basis, Net Margin has declined for six consecutive quarters, with an average year-over-year change of +1.28 percentage points over the last eight quarters.
- Peak year-over-year performance for Net Margin in the last five years was a gain of 19.73 percentage points in fiscal Q1 2025, against a drop of 35.71 percentage points in fiscal Q4 2021 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 25.87% (Q2 2026), 29.52% (Q1 2026) and 29.96% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 99.39 Bn | 74.64 Bn | 6.00 Bn | 27.03% |
| 2 | Atlassian | 56.40 Bn | 49.68 Bn | 1.53 Bn | 7.87% |
| 3 | Autodesk | 51.55 Bn | 39.59 Bn | 1.87 Bn | 24.05% |
| 4 | Twilio | 41.87 Bn | 31.94 Bn | 725.87 Mn | 71.19% |
| 5 | Zoom Communications | 28.87 Bn | -1.92 Bn | 985.50 Mn | 120.77% |
| 6 | Figma | 12.14 Bn | 5.65 Bn | 309.61 Mn | -30.30% |
| 7 | Dropbox | 8.22 Bn | 3.86 Bn | 506.50 Mn | 15.17% |
| 8 | Nice | 7.17 Bn | 5.64 Bn | 995.81 Mn | 8.38% |
| 9 | RingCentral | 6.72 Bn | 6.21 Bn | 472.31 Mn | 5.95% |
| 10 | Open Text | 6.42 Bn | 1.85 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();