Adobe annual operating margin
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2025
Adobe Operating Margin Growth & History (ADBE)
Adobe's operating margin was 36.63% for fiscal 2025.
View full Adobe company overviewAdobe annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-11-28 | 36.63% | +5.28 pp |
| 2024 | 2024-11-29 | 31.35% | −2.92 pp |
| 2023 | 2023-12-01 | 34.26% | −0.37 pp |
| 2022 | 2022-12-02 | 34.64% | −2.12 pp |
| 2021 | 2021-12-03 | 36.76% | +3.83 pp |
| 2020 | 2020-11-27 | 32.93% | +3.67 pp |
| 2019 | 2019-11-29 | 29.25% | −2.20 pp |
| 2018 | 2018-11-30 | 31.45% | +1.76 pp |
| 2017 | 2017-12-01 | 29.69% | +4.18 pp |
| 2016 | 2016-12-02 | 25.51% | +6.68 pp |
| 2015 | 2015-11-27 | 18.83% | +8.88 pp |
| 2014 | 2014-11-28 | 9.95% | −0.47 pp |
| 2013 | 2013-11-29 | 10.42% | −16.38 pp |
| 2012 | 2012-11-30 | 26.80% | +0.73 pp |
| 2011 | 2011-12-02 | 26.07% | −0.06 pp |
| 2010 | 2010-12-03 | 26.13% | +2.69 pp |
| 2009 | 2009-11-27 | 23.44% | −5.28 pp |
| 2008 | 2008-11-28 | 28.72% | +1.57 pp |
| 2007 | 2007-11-30 | 27.16% | — |
Adobe quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-05-29 | 33.82% | −2.09 pp |
| Q1 2026 | 2026-02-27 | 37.79% | −0.06 pp |
| Q4 2025 | 2025-11-28 | 36.50% | +1.59 pp |
| Q3 2025 | 2025-08-29 | 36.29% | −0.55 pp |
| Q2 2025 | 2025-05-30 | 35.91% | +0.40 pp |
| Q1 2025 | 2025-02-28 | 37.85% | +20.35 pp |
| Q4 2024 | 2024-11-29 | 34.91% | +0.38 pp |
| Q3 2024 | 2024-08-30 | 36.83% | +2.13 pp |
| Q2 2024 | 2024-05-31 | 35.51% | +1.78 pp |
| Q1 2024 | 2024-03-01 | 17.50% | −16.57 pp |
| Q4 2023 | 2023-12-01 | 34.53% | +1.27 pp |
| Q3 2023 | 2023-09-01 | 34.70% | +1.23 pp |
| Q2 2023 | 2023-06-02 | 33.72% | −1.14 pp |
| Q1 2023 | 2023-03-03 | 34.07% | −3.00 pp |
| Q4 2022 | 2022-12-02 | 33.26% | −3.26 pp |
| Q3 2022 | 2022-09-02 | 33.48% | −3.14 pp |
| Q2 2022 | 2022-06-03 | 34.86% | −1.80 pp |
| Q1 2022 | 2022-03-04 | 37.07% | −0.16 pp |
| Q4 2021 | 2021-12-03 | 36.52% | +1.04 pp |
| Q3 2021 | 2021-09-03 | 36.62% | +3.47 pp |
| Q2 2021 | 2021-06-04 | 36.66% | +4.18 pp |
| Q1 2021 | 2021-03-05 | 37.23% | +6.92 pp |
| Q4 2020 | 2020-11-27 | 35.48% | +3.10 pp |
| Q3 2020 | 2020-08-28 | 33.15% | +3.01 pp |
| Q2 2020 | 2020-05-29 | 32.48% | +5.15 pp |
| Q1 2020 | 2020-02-28 | 30.31% | +3.59 pp |
| Q4 2019 | 2019-11-29 | 32.39% | +3.17 pp |
| Q3 2019 | 2019-08-30 | 30.13% | −1.23 pp |
| Q2 2019 | 2019-05-31 | 27.33% | −4.48 pp |
| Q1 2019 | 2019-03-01 | 26.72% | −7.08 pp |
| Q4 2018 | 2018-11-30 | 29.22% | −3.14 pp |
| Q3 2018 | 2018-08-31 | 31.37% | +1.73 pp |
| Q2 2018 | 2018-06-01 | 31.82% | +3.37 pp |
| Q1 2018 | 2018-03-02 | 33.80% | +5.91 pp |
| Q4 2017 | 2017-12-01 | 32.36% | +3.00 pp |
| Q3 2017 | 2017-09-01 | 29.64% | +4.41 pp |
| Q2 2017 | 2017-06-02 | 28.44% | +3.83 pp |
| Q1 2017 | 2017-03-03 | 27.89% | +5.64 pp |
| Q4 2016 | 2016-12-02 | 29.36% | +7.13 pp |
| Q3 2016 | 2016-09-02 | 25.23% | +5.03 pp |
| Q2 2016 | 2016-06-03 | 24.61% | +7.95 pp |
| Q1 2016 | 2016-03-04 | 22.25% | +6.65 pp |
| Q4 2015 | 2015-11-27 | 22.23% | +10.63 pp |
| Q3 2015 | 2015-08-28 | 20.20% | +12.82 pp |
| Q2 2015 | 2015-05-29 | 16.66% | +4.00 pp |
| Q1 2015 | 2015-02-27 | 15.60% | +7.73 pp |
| Q4 2014 | 2014-11-28 | 11.60% | +1.73 pp |
| Q3 2014 | 2014-08-29 | 7.38% | −3.71 pp |
| Q2 2014 | 2014-05-30 | 12.66% | +1.65 pp |
| Q1 2014 | 2014-02-28 | 7.87% | −1.87 pp |
| Q4 2013 | 2013-11-29 | 9.87% | −16.81 pp |
| Q3 2013 | 2013-08-30 | 11.09% | −14.67 pp |
| Q2 2013 | 2013-05-31 | 11.01% | −16.12 pp |
| Q1 2013 | 2013-03-01 | 9.75% | −17.90 pp |
| Q4 2012 | 2012-11-30 | 26.68% | +5.32 pp |
| Q3 2012 | 2012-08-31 | 25.76% | −1.30 pp |
| Q2 2012 | 2012-06-01 | 27.14% | +0.09 pp |
| Q1 2012 | 2012-03-02 | 27.65% | −1.77 pp |
| Q4 2011 | 2011-12-02 | 21.36% | −7.11 pp |
| Q3 2011 | 2011-09-02 | 27.05% | −3.44 pp |
| Q2 2011 | 2011-06-03 | 27.05% | +2.94 pp |
| Q1 2011 | 2011-03-04 | 29.42% | +8.83 pp |
| Q4 2010 | 2010-12-03 | 28.47% | +8.18 pp |
| Q3 2010 | 2010-09-03 | 30.50% | +6.47 pp |
| Q2 2010 | 2010-06-04 | 24.10% | +1.20 pp |
| Q1 2010 | 2010-03-05 | 20.59% | −5.85 pp |
| Q4 2009 | 2009-11-27 | 20.29% | −4.45 pp |
| Q3 2009 | 2009-08-28 | 24.03% | −5.31 pp |
| Q2 2009 | 2009-05-29 | 22.90% | — |
| Q1 2009 | 2009-02-27 | 26.44% | — |
| Q3 2008 | 2008-08-29 | 24.74% | — |
| Q2 2008 | 2008-05-30 | 29.34% | — |
Adobe operating margin trends
Over the last five reported fiscal years, Adobe's operating margin increased from 32.93% to 36.63%, a change of +3.70 percentage points. The latest reported quarter, Q2 2026, shows 33.82%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Adobe filings at SEC.gov ↗