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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	356.8%+2.8pp	354%+2.8pp	351.2%-0.2pp	351.4%-0.3pp
Operating margin	145.5%+22.6pp	123%-12.8pp	135.8%-7.3pp	143.1%-0.7pp
Net margin	121%+20.6pp	100.4%-7.4pp	107.7%-6.5pp	114.2%-34.5pp
EBITDA margin	160.4%+20.7pp	139.7%-14.6pp	154.3%-8.5pp	162.8%-2.1pp
Free cash flow margin	166.3%+34.7pp	131.6%-25.5pp	157.1%-9.8pp	166.9%-8.5pp
Returns
Return on equity	207.8%+69.6pp	138.3%+1.2pp	137%+0.2pp	136.9%-33.7pp
Return on assets	94.3%+22.7pp	71.6%-1.7pp	73.3%-0.1pp	73.5%-17.1pp
Return on invested capital	209.6%+58.8pp	150.8%+11.8pp	139%+7.6pp	131.4%-16.1pp
Efficiency
Asset turnover	3.1×+0.3×	2.9×+0.1×	2.7×+0.1×	2.6×+0.1×
Liquidity
Current ratio	4.2×-0.2×	4.4×-0.5×	4.9×+0.5×	4.4×-0.9×
Quick ratio	4.2×-0.2×	4.4×-0.5×	4.9×+0.5×	4.4×-0.9×
Cash ratio	2.4×-0.6×	2.9×0.0×	2.9×+1.0×	1.9×-0.7×
Leverage
Debt-to-equity	2.2×+0.7×	1.5×+0.4×	1.1×-0.3×	1.3×0.0×
Debt-to-assets	0.9×+0.2×	0.7×+0.2×	0.6×-0.1×	0.7×0.0×
Net debt / EBITDA	0.5×+1.4×	-0.9×0.0×	-0.9×-1.6×	0.6×+0.2×
Interest coverage	141.9×-48.3×	190.2×-32.3×	222.6×+5.8×	216.8×+28.6×
Per Share
Book value per share	$111.59-14.6%	$130.62-2.2%	$133.58+12.3%	$118.98+1.2%
Valuation
Market capitalization	$652.29B-30.2%	$934.3B+7.0%	$873.08B+16.0%	$752.82B-31.1%
Enterprise value	$656.6B-29.2%	$927.9B+7.1%	$866.23B+14.4%	$757.21B-30.9%
Price / earnings	94.5×-85.9×	180.3×+8.5×	171.8×+15.8×	156×-46.4×
Price / sales	28.6×-16.6×	45.2×-1.3×	46.5×+1.7×	44.7×-29.0×
Price / book	54.3×-9.1×	63.4×+7.1×	56.4×+2.7×	53.7×-23.2×
EV / EBITDA	71.8×-56.7×	128.6×+9.0×	119.5×+9.2×	110.3×-68.9×
EV / sales	28.8×-16.1×	44.9×-1.2×	46.1×+1.1×	45×-28.9×
Free cash flow yield	23.9%+12.1pp	11.8%-2.5pp	14.3%-1.0pp	15.3%+5.6pp
Earnings yield	17.4%+8.4pp	9%-0.7pp	9.7%-0.7pp	10.4%+2.2pp
PEG ratio	2.8×-71.7×	74.5×—	——	——

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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.