Company / Operating Margin
Adobe Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
36.6%
FY2025
5-year range
29.3% / 36.6%
FY2021-FY2025
Trend
+16.8%
vs FY2024
Sector context
#11 of 286
Information Technology
What the data says
Among 286 Information Technology companies, Adobe Inc. is in the top 4% for operating margin. Operating Margin has fluctuated over the past 10 years, ranging from 25.5% in FY2018 to 36.6% in FY2025.
Based on SEC 10-K filings.
36.6% in FY2025 with a 5-year CAGR of +5.2%. Top quartile in the Information Technology sector.
Improved from 34.3% to 36.6% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +3.7pp
- 5-Year Change
- +5.2pp
- 10-Year Change
- -
Sector benchmark
+117.4% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 16.8% year-over-year.
- Currently 247.4pp above the Information Technology sector average.
- Lowest operating margin in the period was in FY2018.
Company context
Key Data Points
- Altman Z-Score 3.30 (safe zone, above 2.9 threshold)
- Strong profit margin: 30.0%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 60.6%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 36.6% | +16.8% |
| FY2024 | 31.4% | -8.5% |
| FY2023 | 34.3% | +4.0% |
| FY2022 | 32.9% | +12.6% |
| FY2021 | 29.3% | -7.0% |
| FY2020 | 31.4% | +7.5% |
| FY2019 | 29.3% | +14.7% |
| FY2018 | 25.5% | -14.1% |
| FY2017 | 29.7% | +16.4% |
| FY2016 | 25.5% | +144.8% |
As of FY2025 · SEC Form 10-K · Last checked Jul 1, 2026