Adobe (ADBE) Operating Margin (2009 - 2026)
Adobe's (ADBE) quarterly Operating Margin came in at 33.82% in Q2 2026, down 209.0% year-over-year from 31.02% in Q2 2025, and down 10.52% quarter-over-quarter from 37.79% in Q1 2026.
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Analysis
Adobe (ADBE) Operating Margin (2009 - 2026) Analysis & Trends
Adobe (ADBE) has reported Operating Margin for 18 consecutive years, with 33.82% the latest figure, recorded 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 was 33.82% for Q2 2026 at Adobe, down from 37.79% in the prior quarter.
- Over five years, Operating Margin peaked at 37.85% in Q1 2025 and troughed at 17.5% in Q1 2024.
- A 5-year average of 34.37% and a median of 34.88% in 2022 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin tumbled 1657 bps in 2024 and jumped 2035 bps in 2025, its largest moves.
- Over 5 years, Operating Margin stood at 33.26% in 2022, then rose by 4 bps to 34.53% in 2023, then rose by 1 bps to 34.91% in 2024, then grew by 5 bps to 36.5% in 2025, then dropped by 7 bps to 33.82% in 2026.
- The last three Operating Margin figures came in at 33.82% (Q2 2026), 37.79% (Q1 2026), and 36.5% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 94.11 Bn | 88.47 Bn | 6.00 Bn | 34.82% |
| 2 | Atlassian | 50.75 Bn | 49.51 Bn | 1.53 Bn | 11.93% |
| 3 | Autodesk | 45.38 Bn | 41.23 Bn | 1.87 Bn | 29.28% |
| 4 | Twilio | 44.64 Bn | 41.99 Bn | 725.87 Mn | 5.64% |
| 5 | Zoom Communications | 26.86 Bn | 19.62 Bn | 985.50 Mn | 24.61% |
| 6 | Figma | 11.55 Bn | 9.88 Bn | 309.61 Mn | -31.69% |
| 7 | Dropbox | 7.52 Bn | 6.40 Bn | 506.50 Mn | 26.10% |
| 8 | Nice | 7.12 Bn | 6.76 Bn | 995.81 Mn | 14.88% |
| 9 | RingCentral | 6.64 Bn | 6.53 Bn | 472.31 Mn | 7.65% |
| 10 | Open Text | 5.59 Bn | 4.63 Bn | 1.01 Bn | 23.70% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 34.82% |
| 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 | 33.26% |
| Sep 2, 2022 | 33.48% |
| Jun 3, 2022 | 34.86% |
| Mar 4, 2022 | 37.07% |
| Dec 3, 2021 | 36.52% |
API Access
Adobe Operating 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=operating-margin&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();