Adobe Systems Incorporated (ADBE)

Gross profit margin

		Dec 1, 2023	Dec 2, 2022	Dec 3, 2021	Nov 27, 2020	Nov 29, 2019
Gross profit	US$ in thousands	17,055,000	15,441,000	13,920,000	11,146,000	9,498,000
Revenue	US$ in thousands	19,409,000	17,606,000	15,785,000	12,868,000	11,171,000
Gross profit margin		87.87%	87.70%	88.18%	86.62%	85.02%

December 1, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $17,055,000K ÷ $19,409,000K
= 87.87%

The gross profit margin of Adobe Inc has shown a relatively consistent and strong performance over the past five years. The trend indicates a slight fluctuation, but the overall margin has consistently remained high, reflecting the company's ability to efficiently manage its production costs and generate strong revenue from its products and services.

In the most recent fiscal year ending December 1, 2023, Adobe Inc achieved a gross profit margin of 87.87%, which is slightly higher compared to the preceding year. This indicates that the company has been able to maintain a high level of profitability in its core operations.

The gross profit margin for the fiscal year ending December 2, 2022, stood at 87.70%, demonstrating a minimal decrease from the previous period. Despite this slight dip, the margin remains at a robust level, signaling Adobe's ability to effectively control its direct production costs and generate considerable profits from its sales.

Looking back to the fiscal year ending December 3, 2021, Adobe Inc exhibited a gross profit margin of 88.18%, reflecting a very strong performance in efficiently managing its cost of goods sold and achieving high levels of revenue. This indicates the company's effective pricing strategies and production efficiency.

In the fiscal year ending November 27, 2020, the gross profit margin was 86.62%, which, although slightly lower compared to the prior year, still remains at a high level. This suggests that despite potential economic challenges or changing market conditions, Adobe has been able to maintain profitability in its direct production activities.

In November 29, 2019, the gross profit margin was 85.03%, showing a significant increase over the previous year. This strong performance indicates Adobe's ability to optimize its cost structure and drive revenue from its products and services.

Overall, the trend in Adobe Inc's gross profit margin illustrates the company's consistent ability to effectively manage its production costs, generate strong sales revenue, and maintain a high level of profitability. This sustained performance is indicative of Adobe's competitive position and efficient operational management.