Adobe (ADBE) Operating Margin (2009 - 2026)

Adobe (ADBE) has 18 years of Operating Margin data on file, last reported at 37.79% in Q1 2026.

• Operating Margin for Q1 2026 came in at 37.79%, down 6.0% year-over-year; the trailing twelve-month figure through Feb 2026 was 36.65% (up 36.0% YoY), and the FY2025 annual result was 36.63%, up 528.0% from the prior year.
• Operating Margin advanced to 37.79% in Q1 2026 per ADBE's latest filing, from 36.5% in the prior quarter.
• Over five years, Operating Margin peaked at 39.92% in Q1 2022 and troughed at 17.5% in Q1 2024.
• A 5-year average of 34.67% and a median of 35.95% in 2022 frame the typical range for Operating Margin.
• The sharpest annual moves came in 2024 and 2025: Operating Margin plunged 1877 bps in 2024, then surged 2035 bps in 2025.
• A 5-year view of Operating Margin shows it stood at 27.61% in 2022, then gained by 25 bps to 34.53% in 2023, then gained by 1 bps to 34.91% in 2024, then increased by 5 bps to 36.5% in 2025, then increased by 4 bps to 37.79% in 2026.
• Business Quant data shows ADBE's Operating Margin at 37.79% in Q1 2026, 36.5% in Q4 2025, and 36.29% in Q3 2025.