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Adobe ADBE Gross margin

Gross margin at other companies

Autodesk logo
AutodeskADSK
91.1%+0.6pp
Fair Isaac logo
Fair IsaacFICO
84.2%+3.3pp
Salesforce logo
SalesforceCRM
77.6%+0.3pp
Twilio logo
TwilioTWLO
48.7%-1.8pp
Shopify logo
ShopifySHOP
48%-2.0pp
Accenture logo
AccentureACN
32%-0.1pp

Other financials

Income statement

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Revenue$6.6B+12.7%
Gross profit$5.9B+12.8%
Operating income$2.2B+6.1%
Net income$1.7B+1.2%
EPS (diluted)$4.25+7.9%

Balance sheet

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Cash & equivalents$4.9B-0.2%
Total debt$7.1B+7.6%
Total equity$11.5B+0.6%
Total assets$29.9B+6.5%

Cash flow

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Operating cash flow$2.2B-1.2%
CapEx$58.0M+23.4%
Free cash flow$2.1B-1.7%

Valuation

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Market cap$78.02B-40.5%
Enterprise value$80.17B-39.8%
P/E10.8×-8.3×
P/S3.1×-2.7×

Profitability

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Operating margin36.1%-0.3pp
Net margin28.7%-1.7pp

Returns & leverage

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Return on equity63%+10.7pp
Debt / equity0.6×0.0×
Current ratio0.8×-0.2×

Where this comes from

Calculated from Adobe’s reported figures.

Based on trailing twelve months.

The official record: Adobe’s 10-Q, filed June 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Adobe's gross margin?
Adobe (ADBE) reported gross margin of 89.4% in Q1 2026.
How has Adobe's gross margin changed year-over-year?
Adobe's gross margin increased by 0.2% year-over-year, from 89.2% to 89.4%.
What is the long-term trend for Adobe's gross margin?
Over 4 years (2021 to 2025), Adobe's gross margin has grown at a 0.4% compound annual growth rate (CAGR), from 351.7% to 356.8%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.