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Adobe stock: key metrics
ADBEAdobe had an operating margin of 36.6% and a return on invested capital (ROIC) of 59.3% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 88.6% | 21.4% | 19.6% |
| 2007 | 88.8% | 27.2% | 22.9% |
| 2008 | 89.9% | 28.7% | 24.4% |
| 2009 | 89.9% | 23.4% | 13.1% |
| 2010 | 89.4% | 26.1% | 20.4% |
| 2011 | 89.6% | 26.1% | 19.8% |
| 2012 | 89.0% | 26.8% | 18.9% |
| 2013 | 85.5% | 10.4% | 7.2% |
| 2014 | 85.0% | 10.0% | 6.5% |
| 2015 | 84.5% | 18.8% | 13.1% |
| 2016 | 86.0% | 25.5% | 20.0% |
| 2017 | 86.2% | 29.7% | 23.2% |
| 2018 | 86.8% | 31.5% | 28.7% |
| 2019 | 85.0% | 29.3% | 26.4% |
| 2020 | 86.6% | 32.9% | 40.9% |
| 2021 | 88.2% | 36.8% | 30.5% |
| 2022 | 87.7% | 34.6% | 27.0% |
| 2023 | 87.9% | 34.3% | 28.0% |
| 2024 | 89.0% | 31.3% | 25.9% |
| 2025 | 89.3% | 36.6% | 30.0% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | 9.8% | 14.3% | 8.5% |
| 2007 | 15.6% | 23.7% | 12.7% |
| 2008 | 19.8% | 30.8% | 15.0% |
| 2009 | 7.9% | 11.3% | 5.3% |
| 2010 | 14.9% | 19.8% | 9.5% |
| 2011 | 14.4% | 20.4% | 9.3% |
| 2012 | 12.5% | 19.5% | 8.3% |
| 2013 | 4.3% | 7.1% | 2.8% |
| 2014 | 4.0% | 6.4% | 2.5% |
| 2015 | 9.0% | 13.7% | 5.4% |
| 2016 | 15.7% | 25.7% | 9.2% |
| 2017 | 20.0% | 37.9% | 11.7% |
| 2018 | 27.7% | 35.6% | 13.8% |
| 2019 | 28.0% | 29.0% | 14.2% |
| 2020 | 39.7% | 37.7% | 21.7% |
| 2021 | 32.6% | 38.2% | 17.7% |
| 2022 | 33.8% | 36.8% | 17.5% |
| 2023 | 32.9% | 41.9% | 18.2% |
| 2024 | 39.4% | 43.2% | 18.4% |
| 2025 | 61.3% | 59.3% | 24.2% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 28 Nov 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 31 Mar 2016)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.