Adobe (ADBE) Operating Margin (2009 - 2025)

Adobe (ADBE) has reported Operating Margin for 17 consecutive years, with 36.63% the latest figure, recorded in FY2025.

• In Q2 2026, Operating Margin fell 209.0% year-over-year to 33.82%; the TTM figure through May 2026 stood at 36.07% (down 30.0% YoY), while the FY2025 annual figure was 36.63%, up 528.0% from the prior year.
• Operating Margin advanced to 36.63% in FY2025 per ADBE's latest filing, from 31.35% in the prior year.
• Across five years, Operating Margin topped out at 36.76% in FY2021 and bottomed at 31.35% in FY2024.
• Historically, Operating Margin has averaged 34.73% across 5 years, with a median of 34.64% in 2022.
• Annual changes were most pronounced in 2024 — Operating Margin sank 292 bps — and 2025, when it soared 528 bps.
• Adobe's Operating Margin stood at 36.76% in 2021, then declined by 6 bps to 34.64% in 2022, then retreated by 1 bps to 34.26% in 2023, then decreased by 9 bps to 31.35% in 2024, then gained by 17 bps to 36.63% in 2025.
• Business Quant data shows ADBE's Operating Margin at 36.63% in FY2025, 31.35% in FY2024, and 34.26% in FY2023.