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FCF Margin for Adobe (ADBE)

As of · Reported

Metric

TTM

42.2%

YoY change

+5.07pp

Trough year (1998)

16.1%

Peak year (2021)

43.7%

FCF Margin history chart for Adobe (ADBE) from 1989 to 2025

Latest: 41.4%

FCF Margin change chart for Adobe (ADBE) from 1989 to 2025

Latest: +5.07pp

FCF Margin history table for Adobe (ADBE) from 1989 to 2025

  • 202541.4%+5.07pp
  • 202436.4%+0.62pp
  • 202335.8%-6.24pp
  • 202242.0%-1.66pp
  • 202143.7%+2.42pp
  • 202041.2%+4.66pp
  • 201936.6%-5.08pp
  • 201841.7%+4.21pp
  • 201737.5%+3.36pp
  • 201634.1%+7.31pp
  • 201526.8%-0.69pp
  • 201427.5%+3.72pp
  • 201323.8%-4.14pp
  • 201227.9%-3.72pp
  • 201131.6%+6.79pp
  • 201024.8%-9.06pp
  • 200933.9%+1.23pp
  • 200832.7%-8.74pp
  • 200741.4%+8.62pp
  • 200632.8%-1.89pp
  • 200534.7%-2.58pp
  • 200437.2%+6.83pp
  • 200330.4%+4.84pp
  • 200225.6%-4.70pp
  • 200130.3%-2.49pp
  • 200032.8%+4.00pp
  • 199928.8%+12.69pp
  • 199816.1%-3.10pp
  • 199719.2%-0.19pp
  • 199619.4%+0.61pp
  • 199518.7%-0.32pp
  • 199419.1%-10.69pp
  • 199329.8%+4.00pp
  • 199225.8%-3.36pp
  • 199129.1%+4.41pp
  • 199024.7%-7.08pp
  • 198931.8%—

FCF 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 FCF Margin at Adobe (ADBE)

According to Adobe's latest reported financial statements, the company's latest reported free cash flow margin is 42.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

Adobe (ADBE) most recent annual free cash flow margin stands at 41.45% (2025) – expanded 5.1 percentage points year-over-year.

43.67% stands as the all-time-high annual free cash flow margin, posted in 2021, against a low of 16.06% during 1998.

Adobe FCF Margin by Year

Adobe FCF Margin 2025: 41.4%

Adobe posted free cash flow margin of 41.45% in 2025, expanded 5.1 percentage points from 2024.

Adobe FCF Margin 2024: 36.4%

In 2024, Adobe reported free cash flow margin of 36.38%, expanded 0.6 percentage points from 2023.

Adobe FCF Margin 2023: 35.8%

Adobe free cash flow margin in 2023 was 35.77%, contracted 6.2 percentage points from 2022.

Adobe FCF Margin 2022: 42.0%

2022's free cash flow margin for Adobe came in at 42.01%, contracted 1.7 percentage points from 2021.

Adobe FCF Margin 2021: 43.7%

Adobe free cash flow margin in 2021 was 43.67%.

See more financial history for Adobe (ADBE).

Sector peers by FCF Margin

Technology peers of Adobe (ADBE), ranked by their latest free cash flow margin

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