Adobe Systems Incorporated (ADBE)
Net profit margin
| Dec 1, 2023 | Dec 2, 2022 | Dec 3, 2021 | Nov 27, 2020 | Nov 29, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,428,000 | 4,756,000 | 4,822,000 | 5,260,000 | 2,951,000 |
| Revenue | US$ in thousands | 19,409,000 | 17,606,000 | 15,785,000 | 12,868,000 | 11,171,000 |
| Net profit margin | 27.97% | 27.01% | 30.55% | 40.88% | 26.42% |
December 1, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $5,428,000K ÷ $19,409,000K
= 27.97%
Adobe Inc's net profit margin has displayed fluctuating trends over the past five years, with values ranging from 26.42% to 40.88%. The net profit margin decreased from 40.88% in 2019 to 26.42% in 2020, indicating a significant decline in profitability. However, there was a recovery in 2021, with the net profit margin reaching 30.55%.
The most recent data indicates a net margin of 27.97% in 2023, which is slightly higher than the previous year's value of 27.01%. This indicates a relatively stable performance in terms of profitability over the last two years.
Overall, these fluctuations suggest that Adobe's ability to convert revenue into profit has varied in recent years. Further analysis of the company's cost structure and revenue generation may be necessary to fully understand the factors driving these changes in net profit margin.
Peer comparison
Dec 1, 2023