ADBE Adobe margins

Relative Growth: Rel. Growth: 80

Relative Strength: Rel. Strength: 28

Relative Valuation: Rel. Valuation: 69

Relative Profitability: Rel. Profitability: 96

Gross margin

89.4%

Operating margin

36.1%

EBITDA margin

40.2%

Net margin

28.7%

Using the latest TTM figures, Adobe shows a gross margin of 89.4%, an operating margin of 36.1%, an EBITDA margin of 40.2%, and a net margin of 28.7%. Gross margin drove the available margin improvements with a 0.2 percentage-point increase, while net margin declined by 1.7 percentage points.

ADBE margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Adobe recorded average margins of 88.86% gross, 34.14% operating, 39.35% EBITDA, and 27.97% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

ADBE margin expansion

Year-over-year margin changes in percentage points

The largest gain was in gross margin, up 0.2 percentage points. The expansion was limited to gross margin, while operating margin contracted by 0.3 percentage points, EBITDA margin by 1.4 percentage points, and net margin by 1.7 percentage points.

Gross margin expansion

0.2pp

Operating margin expansion

-0.3pp

EBITDA margin expansion

-1.4pp

Net margin expansion

-1.7pp

ADBE Gross margin

Over the last 3 years, the average gross margin for Adobe was 88.86%. The latest gross margin for Adobe is 89.4%, 0.5 percentage points above its three-year average. Adobe's gross margin ranged from a low of 87.9% in Dec 2023 to a high of 89.4% in May 2026.

ADBE Operating margin

Across the last 3 years, Adobe's operating margin came to 34.14%. The current operating margin stands at 36.1%, 2 percentage points above its three-year average. Operating margin was highest at 36.6% in Feb 2026 and lowest at 30% in Mar 2024.

ADBE EBITDA margin

The average EBITDA margin for Adobe was 39.35% during the last 3 years. The current EBITDA margin stands at 40.2%, 0.9 percentage points above its three-year average. The EBITDA margin for Adobe moved between 35.8% in Mar 2024 and 41.8% in Feb 2025.

ADBE Net margin

Over the last 3 years, Adobe recorded an average net margin of 27.97%. Right now, Adobe's current net margin is 28.7%, which is 0.7 percentage points above its three-year average. The highest net margin for Adobe was 30.6% in Feb 2025, while the lowest was 24.1% in Mar 2024.

ADBE margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 89.4%, ADBE is above the Technology sector, the industry and its peers average. Compared to its Technology sector average of 52%, Adobe's gross margin is 72% higher.

ADBE margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Adobe's gross margin?

The current gross margin for ADBE is 89.4% as of May 29, 2026.

What is Adobe's operating margin?

The current operating margin for ADBE is 36.1% as of May 29, 2026.

What is Adobe's EBITDA margin?

For the period ending May 29, 2026, ADBE recorded an EBITDA margin of 40.2%.

What is Adobe's net margin?

As of May 29, 2026, ADBE has a net margin of 28.7%.

What are the average margins of ADBE?

Adobe's average margins over the last 3 years were 88.9% gross, 34.1% operating, 39.4% EBITDA, and 28.0% net.

What are the highest historical margins of ADBE?

Looking back across 5 years, ADBE reached 89.4% gross in May 2026, 36.8% operating in Dec 2021, 42.3% EBITDA in Dec 2021, and 30.6% net in Feb 2025.

What are the lowest historical margins of ADBE?

Adobe's lowest recorded margins during the past 5 years were 87.7% gross in Dec 2022, 30% operating in Mar 2024, 35.8% EBITDA in Mar 2024, and 24.1% net in Mar 2024.