Subscription — Cost of revenue
Adobe Subscription — Cost of revenue increased by 2.4% to $522.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $475.00M to $522.00M. Over 3 years (FY 2021 to FY 2025), Subscription — Cost of revenue shows an upward trend with a 13.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease relative to revenue suggests improved operational efficiency and economies of scale, whereas an increase may indicate rising cloud infrastructure costs or higher service delivery overhead.
Detailed definition
This metric captures the direct costs associated with delivering subscription-based software services to customers, incl...
Peer comparison
Comparable to Cost of Goods Sold (COGS) for software services or direct service delivery costs reported by peer technology companies.
adbe_segment_subscription_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $343.50M | $343.50M | $343.50M | $411.50M | $411.50M | $411.50M | $411.50M | $436.00M | $447.00M | $455.00M | $456.00M | $413.00M | $475.00M | $490.00M | $505.00M | $510.00M | $522.00M |
| QoQ Change | — | +0.0% | +0.0% | +19.8% | +0.0% | +0.0% | +0.0% | +6.0% | +2.5% | +1.8% | +0.2% | -9.4% | +15.0% | +3.2% | +3.1% | +1.0% | +2.4% |
| YoY Change | — | — | — | — | +19.8% | +19.8% | +19.8% | +6.0% | +8.6% | — | +4.6% | -7.6% | — | +7.7% | +10.7% | +23.5% | +9.9% |
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Frequently Asked Questions
- What is Adobe's subscription — cost of revenue?
- Adobe (ADBE) reported subscription — cost of revenue of $522.00M in Q4 2025.
- How has Adobe's subscription — cost of revenue changed year-over-year?
- Adobe's subscription — cost of revenue increased by 9.9% year-over-year, from $475.00M to $522.00M.
- What is the long-term trend for Adobe's subscription — cost of revenue?
- Over 3 years (2021 to 2025), Adobe's subscription — cost of revenue has grown at a 13.8% compound annual growth rate (CAGR), from $1.37B to $2.03B.
- What does subscription — cost of revenue mean?
- The direct expenses incurred to provide and maintain subscription software services for customers.