ADBE · News · 20260914N

Operating Margin Drivers

ADOBE INC. · 2026-09-14 · Importance 23 · Surprise 22

Adobe reported a 44% non-GAAP operating margin in fiscal Q3. Non-GAAP earnings rose 15% to $6.13 per share, exceeding the 13% revenue growth rate. The reported profitability indicates continued operating leverage despite Adobe’s deliberate freemium expansion.

Key facts

• Adobe reported non-GAAP earnings of $6.13, up 15%. source
• Adobe reported a 44% operating margin in the quarter. source