Adobe (ADBE) Operating Margin (2009 - 2026)

Adobe's (ADBE) quarterly Operating Margin came in at 33.82% in Q2 2026, down 209.0% year-on-year from 31.02% in Q2 2025, and down 10.52% on a QoQ basis from 37.79% in Q1 2026.

Adobe (ADBE) Operating Margin (2009 - 2026) Analysis & Trends

Adobe (ADBE) has 18 years of Operating Margin data on file, last reported at 33.82% in Q2 2026.

  • On a quarterly basis, Operating Margin fell 209.0% year-over-year to 33.82% in Q2 2026; TTM through May 2026 was 36.07%, a 30.0% decrease from a year earlier, with the FY2025 full-year figure at 36.63%, up 528.0% from the prior year.
  • Operating Margin for Q2 2026 stood at 33.82%, down from 37.79% in the prior quarter.
  • Over the last five years, Operating Margin for ADBE reached as high as 1089.66% in Q1 2022 and fell as low as 8.76% in Q4 2022.
  • Historically, Operating Margin has averaged 147.73% across 5 years, with a median of 35.21% in 2024.
  • Across the five-year window, Operating Margin surged 15159 bps in 2022 and tumbled 105558 bps in 2023, its largest moves.
  • Year by year, Operating Margin stood at 8.76% in 2022, then soared by 294 bps to 34.53% in 2023, then grew by 1 bps to 34.91% in 2024, then advanced by 5 bps to 36.5% in 2025, then decreased by 7 bps to 33.82% in 2026.
  • Per Business Quant data, the three most recent Operating Margin figures were 33.82% in Q2 2026, 37.79% in Q1 2026, and 36.5% in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 28.69%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 12.05%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 14.56%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 21.08%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 4.06%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn -22.99%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -23.45%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 29.26%
10 Adobe 85.38 Bn 79.75 Bn 5.90 Bn 33.82%

Historic Data

Download Data
DateValue
May 29, 2026 33.82%
Feb 27, 2026 37.79%
Nov 28, 2025 36.50%
Aug 29, 2025 36.29%
May 30, 2025 35.91%
Feb 28, 2025 37.85%
Nov 29, 2024 34.91%
Aug 30, 2024 36.83%
May 31, 2024 35.51%
Mar 1, 2024 17.50%
Dec 1, 2023 34.53%
Sep 1, 2023 34.70%
Jun 2, 2023 33.72%
Mar 3, 2023 34.07%
Dec 2, 2022 8.76%
Sep 2, 2022 33.48%
Jun 3, 2022 1,047.26%
Mar 4, 2022 1,089.66%
Dec 3, 2021 9.77%
Sep 3, 2021 36.62%