What are Adobe's profit margins?

Adobe (ADBE) runs a 89.4% gross margin and a 36.1% operating margin, with a 28.7% net margin.

Where do Adobe's ratios come from?

Every ratio is computed from Adobe's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Adobe ADBE Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25
Profitability
Gross margin	357.2%+0.2pp	357%+0.2pp	356.8%+0.2pp	356.6%+0.5pp	356.1%+1.0pp
Operating margin	145.6%-0.3pp	145.9%+0.4pp	145.5%+5.3pp	140.3%+5.1pp	135.2%+5.9pp
Net margin	118.2%-1.7pp	119.9%-1.2pp	121%+4.1pp	116.9%+4.4pp	112.5%+5.5pp
Returns
Return on equity	230%+10.7pp	219.3%+11.5pp	207.8%+19.1pp	188.7%+17.5pp	171.2%+18.0pp
Return on invested capital	219.8%+2.4pp	217.4%+7.8pp	209.6%+14.4pp	195.2%+12.6pp	182.6%+14.9pp
Efficiency
Asset turnover	3.3×+0.1×	3.2×+0.1×	3.1×+0.1×	3×+0.1×	3×+0.1×
Liquidity
Current ratio	3.7×-0.2×	3.9×-0.3×	4.2×-0.1×	4.3×-0.1×	4.4×-0.2×
Leverage
Debt-to-equity	2.3×0.0×	2.3×+0.1×	2.2×+0.1×	2.1×+0.1×	1.9×+0.2×
Net debt / EBITDA	0.6×0.0×	0.5×+0.1×	0.5×+0.3×	0.1×+0.3×	-0.2×+0.4×
Per Share
Book value per share	$111.42+1.8%	$109.50-1.9%	$111.59-3.6%	$115.73-3.9%	$120.48-4.9%
Valuation
Market capitalization	$497.81B-12.5%	$569.1B-12.8%	$652.29B-12.5%	$745.4B-12.2%	$848.78B-2.7%
Price / earnings	70×-11.1×	81.1×-13.3×	94.5×-22.1×	116.5×-25.8×	142.3×-13.6×
Price / sales	20.7×-3.6×	24.4×-4.3×	28.6×-4.9×	33.5×-5.6×	39.2×-2.0×
Price / book	42.9×-6.3×	49.2×-5.2×	54.3×-4.6×	58.9×-4.7×	63.6×+2.0×
EV / EBITDA	52.7×-8.7×	61.4×-10.4×	71.8×-15.5×	87.3×-17.8×	105.1×-8.3×

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Questions, answered.

What are Adobe's profit margins?: Adobe (ADBE) runs a 89.4% gross margin and a 36.1% operating margin, with a 28.7% net margin.
Where do Adobe's ratios come from?: Every ratio is computed from Adobe's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.