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| Date | Value |
|---|---|
| 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% |