Adobe Inc.

ADBE Technology Software Application

Adobe Inc.’s revenue for fiscal 2025 (year ended November 2025) was $23.8 billion, up 10.5% from fiscal 2024.

Revenue
+12.9%
EPS
+10.8%
Free cash flow
+14.7%
Total debt
+2.63%

Quarter to August 2026, against a year earlier

239.36 7.08 −2.87%
Market cap
$95.9B
P/E
13.7×
Fwd P/E
13.7×
Dividend yield
—
F-score
7/9
Altman Z
8.51
Beneish M
−2.85
Dividend safety
n/a

Adobe Inc. (ADBE) Operating margin

Alert me on Operating margin

Adobe Inc.'s operating margin over the twelve months to 31 August 2026 was 35.7%, down 0.9 percentage points from fiscal 2025 (36.6%). Over the past ten years it has ranged from 18.8% (fiscal 2015) to 36.8% (fiscal 2021); the current reading is higher than 91% of that period. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 36.6% 5.28
FY2024 31.4% (2.91)
FY2023 34.3% (0.38)
FY2022 34.6% (2.12)
FY2021 36.8% 3.83
FY2020 32.9% 3.68
FY2019 29.3% (2.20)
FY2018 31.5% 1.76
FY2017 29.7% 4.18
FY2016 25.5% 6.68

Quarterly newest first

Period Operating margin Change (points)
Aug 2026 34.8% 1.00
May 2026 33.8% (3.97)
Feb 2026 37.8% 1.29
Nov 2025 36.5% 0.21
43 more quarters

Against its own ten years

Low 18.8% High 36.8%
Ten-year median 31.5%
Current reading's percentile 74

Operating margin against peers

Company Operating margin
ADBE Adobe Inc. 35.7%
CDNS Cadence Design Systems, Inc. compare 28.9%
INTU Intuit Inc. compare 27.4%
ADP Automatic Data Processing, Inc. compare 26.5%
UBER Uber Technologies, Inc. compare 12.4%
NOW ServiceNow, Inc. compare 9.68%
DDOG Datadog, Inc. compare 2.26%
SNOW Snowflake Inc. compare −22.8%
MSTR Strategy Inc compare −3,905.9%
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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