What is Adobe's EBITDA margin?

Latest reported EBITDA margin for Adobe (ADBE) is 40.40% as of the trailing twelve months (TTM) ending February 27, 2026.

How has Adobe EBITDA margin changed year-over-year?

Adobe (ADBE) EBITDA margin changed +4.0 percentage points year-over-year on the latest annual filing.

When did Adobe EBITDA margin hit its highest annual value?

Adobe EBITDA margin reached its highest annual value of 47.20% in 1986.

What was Adobe EBITDA margin in 2024?

Adobe (ADBE) EBITDA margin in 2024 was 37.00%.

What was Adobe EBITDA margin in 2025?

Adobe (ADBE) EBITDA margin in 2025 was 41.02%.

Adobe (ADBE) EBITDA Margin — Annual & Quarterly %

TTM

40.4%

YoY change

+4.01pp

Trough year (2014)

17.7%

Peak year (1986)

47.2%

EBITDA Margin history chart for Adobe (ADBE) from 1986 to 2025

Latest: 41.0%

EBITDA Margin change chart for Adobe (ADBE) from 1986 to 2025

Latest: +4.01pp

EBITDA Margin history table for Adobe (ADBE) from 1986 to 2025


2025	41.0%	+4.01pp	Nov 28, 2025	Jan 15, 2026
2024	37.0%	-3.10pp	Nov 29, 2024	Jan 13, 2025
2023	40.1%	+0.03pp	Dec 1, 2023	Jan 17, 2024
2022	40.1%	-2.22pp	Dec 2, 2022	Jan 17, 2023
2021	42.3%	+3.05pp	Dec 3, 2021	Jan 21, 2022
2020	39.2%	+2.56pp	Nov 27, 2020	Jan 15, 2021
2019	36.7%	+0.91pp	Nov 29, 2019	Jan 21, 2020
2018	35.8%	+1.00pp	Nov 30, 2018	Jan 25, 2019
2017	34.8%	+3.38pp	Dec 1, 2017	Jan 22, 2018
2016	31.4%	+4.74pp	Dec 2, 2016	Jan 20, 2017
2015	26.6%	+8.92pp	Nov 27, 2015	Jan 19, 2016
2014	17.7%	-0.65pp	Nov 28, 2014	Jan 20, 2015
2013	18.4%	-15.38pp	Nov 29, 2013	Jan 21, 2014
2012	33.7%	+1.20pp	Nov 30, 2012	Jan 22, 2013
2011	32.5%	-1.47pp	Dec 2, 2011	Jan 26, 2012
2010	34.0%	+0.51pp	Dec 3, 2010	Jan 27, 2011
2009	33.5%	-4.44pp	Nov 27, 2009	Jan 22, 2010
2008	38.0%	+0.79pp	Nov 28, 2008	Jan 23, 2009
2007	37.2%	+3.04pp	Nov 30, 2007	Jan 24, 2008
2006	34.1%	-7.13pp	Dec 1, 2006	Feb 5, 2007
2005	41.3%	+0.83pp	Dec 2, 2005	Feb 8, 2006
2004	40.4%	+7.37pp	Dec 3, 2004	Feb 2, 2005
2003	33.1%	+1.42pp	Nov 28, 2003	Feb 5, 2004
2002	31.6%	-4.73pp	Nov 29, 2002	Feb 26, 2003
2001	36.4%	+0.24pp	Nov 30, 2001	Feb 21, 2002
2000	36.1%	+2.91pp	Dec 1, 2000	Feb 26, 2001
1999	33.2%	+8.64pp	Dec 3, 1999	Feb 16, 2000
1998	24.6%	-7.84pp	Nov 27, 1998	Feb 17, 1999
1997	32.4%	+3.34pp	Nov 28, 1997	Feb 17, 1998
1996	29.1%	-2.62pp	Nov 29, 1996	Feb 21, 1997
1995	31.7%	+0.24pp	Dec 1, 1995	Feb 22, 1996
1994	31.4%	-12.72pp	Nov 25, 1994	Feb 17, 1995
1993	44.2%	+8.89pp	Nov 30, 1993	Nov 30, 1993
1992	35.3%	-5.30pp	Nov 30, 1992	Nov 30, 1992
1991	40.6%	-2.82pp	Nov 30, 1991	Nov 30, 1991
1990	43.4%	-3.81pp	Nov 30, 1990	Nov 30, 1990
1989	47.2%	+2.29pp	Nov 30, 1989	Nov 30, 1989
1988	44.9%	-0.13pp	Nov 30, 1988	Nov 30, 1988
1987	45.0%	-2.17pp	Nov 30, 1987	Nov 30, 1987
1986	47.2%	—	Nov 30, 1986	Nov 30, 1986

202541.0%+4.01pp
202437.0%-3.10pp
202340.1%+0.03pp
202240.1%-2.22pp
202142.3%+3.05pp
202039.2%+2.56pp
201936.7%+0.91pp
201835.8%+1.00pp
201734.8%+3.38pp
201631.4%+4.74pp
201526.6%+8.92pp
201417.7%-0.65pp
201318.4%-15.38pp
201233.7%+1.20pp
201132.5%-1.47pp
201034.0%+0.51pp
200933.5%-4.44pp
200838.0%+0.79pp
200737.2%+3.04pp
200634.1%-7.13pp
200541.3%+0.83pp
200440.4%+7.37pp
200333.1%+1.42pp
200231.6%-4.73pp
200136.4%+0.24pp
200036.1%+2.91pp
199933.2%+8.64pp
199824.6%-7.84pp
199732.4%+3.34pp
199629.1%-2.62pp
199531.7%+0.24pp
199431.4%-12.72pp
199344.2%+8.89pp
199235.3%-5.30pp
199140.6%-2.82pp
199043.4%-3.81pp
198947.2%+2.29pp
198844.9%-0.13pp
198745.0%-2.17pp
198647.2%—

EBITDA Margin values are taken from Adobe's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About EBITDA Margin at Adobe (ADBE)

According to Adobe's latest reported financial statements, the company's latest reported EBITDA margin is 40.4%. EBITDA margin is EBITDA divided by revenue — earnings before interest, taxes, depreciation, and amortization as a percentage of sales. By stripping out non-cash charges and capital-structure effects, it approximates operating cash profitability and is widely used to compare companies with different asset bases and leverage.

Headline figure above is from the reporting period ending February 27, 2026 (reported March 25, 2026). Chart and table below cover the full reported history back to 1986.

Adobe (ADBE) most recent annual EBITDA margin stands at 41.02% (2025) – expanded 4.0 percentage points year-over-year.

The highest annual EBITDA margin of 47.20% was reported in 1986. The lowest in the available history was 17.72% in 2014.

Adobe EBITDA Margin by Year

Adobe EBITDA Margin 2025: 41.0%

Adobe EBITDA margin in 2025 was 41.02%, expanded 4.0 percentage points from 2024.

Adobe EBITDA Margin 2024: 37.0%

2024's EBITDA margin for Adobe came in at 37.00%, contracted 3.1 percentage points from 2023.

Adobe EBITDA Margin 2023: 40.1%

Adobe posted EBITDA margin of 40.11% in 2023, expanded 0.0 percentage points from 2022.

Adobe EBITDA Margin 2022: 40.1%

In 2022, Adobe reported EBITDA margin of 40.07%, contracted 2.2 percentage points from 2021.

Adobe EBITDA Margin 2021: 42.3%

Adobe EBITDA margin in 2021 was 42.29%.

See more financial history for Adobe (ADBE).

Sector peers by EBITDA Margin

Technology peers of Adobe (ADBE), ranked by their latest EBITDA margin


NVIDIA (NVDA)	76.0%
TSMC (TSM)	76.0%
Micron Technology (MU)	63.9%
Microsoft (MSFT)	63.1%
Broadcom (AVGO)	55.3%
ASML (ASML)	38.6%
Apple (AAPL)	35.5%
AMD (AMD)	21.6%

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