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Adobe ADBE Operating margin

Operating margin at other companies

Autodesk logo
AutodeskADSK
25.1%+4.8pp
Fair Isaac logo
Fair IsaacFICO
50.4%+6.2pp
Salesforce logo
SalesforceCRM
20.4%+1.1pp
Oracle logo
OracleORCL
30.6%-0.4pp
Twilio logo
TwilioTWLO
4.6%
Shopify logo
ShopifySHOP
13.3%+0.6pp

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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Gross margin89.4%+0.2pp
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 operating margin?
Adobe (ADBE) reported operating margin of 36.1% in Q1 2026.
How has Adobe's operating margin changed year-over-year?
Adobe's operating margin decreased by 0.8% year-over-year, from 36.4% to 36.1%.
What is the long-term trend for Adobe's operating margin?
Over 4 years (2021 to 2025), Adobe's operating margin has grown at a 0.3% compound annual growth rate (CAGR), from 143.8% to 145.5%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.