What is Adobe's total cost of revenue?

Adobe (ADBE) reported total cost of revenue of $715M in Q1 2026.

How has Adobe's total cost of revenue changed year-over-year?

Adobe's total cost of revenue increased by 12.1% year-over-year, from $638M to $715M.

What is the long-term trend for Adobe's total cost of revenue?

Over 4 years (2021 to 2025), Adobe's total cost of revenue has grown at a 8.1% compound annual growth rate (CAGR), from $1.87B to $2.55B.

What does total cost of revenue mean?

The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

Adobe ADBE Total Cost of Revenue

Total Cost of Revenue at other companies

Digital TurbineAPPS

$57.98M+9.0%

LiveRamp Holdings, Inc.RAMP

$60.55M+4.5%

AutodeskADSK

$175M+9.4%

Fair IsaacFICO

$91.2M+4.1%

Open TextOTEX

$345.23M-3.1%

SalesforceCRM

$2.57B+13.5%

Segments

By product

See full

Subscription$586M+16.0%

Services and other$124M-2.4%

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

See full

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

See full

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$81.5B-46.5%

Enterprise value$83.64B-45.7%

P/E11.3×-10.9×

P/S3.2×-3.5×

Profitability

See full

Gross margin89.4%+0.2pp

Operating margin36.1%-0.3pp

Net margin28.7%-1.7pp

FCF margin40.8%-1.0pp

Returns & leverage

See full

Return on equity63%+10.7pp

Debt / equity0.6×0.0×

Current ratio0.8×-0.2×

Where this comes from

Reported directly by Adobe in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

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 total cost of revenue?: Adobe (ADBE) reported total cost of revenue of $715M in Q1 2026.
How has Adobe's total cost of revenue changed year-over-year?: Adobe's total cost of revenue increased by 12.1% year-over-year, from $638M to $715M.
What is the long-term trend for Adobe's total cost of revenue?: Over 4 years (2021 to 2025), Adobe's total cost of revenue has grown at a 8.1% compound annual growth rate (CAGR), from $1.87B to $2.55B.
What does total cost of revenue mean?: The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.