Adobe Systems Incorporated (ADBE)

Net profit margin

		Nov 29, 2024	Aug 30, 2024	May 31, 2024	Mar 1, 2024	Dec 1, 2023	Sep 1, 2023	Jun 2, 2023	Mar 3, 2023	Dec 2, 2022	Sep 2, 2022	Jun 3, 2022	Mar 4, 2022	Dec 3, 2021	Sep 3, 2021	Jun 4, 2021	Mar 5, 2021	Nov 27, 2020	Aug 28, 2020	May 29, 2020	Feb 28, 2020
Net income (ttm)	US$ in thousands	5,560,000	5,360,000	5,079,000	4,801,000	5,428,000	5,121,000	4,854,000	4,737,000	4,756,000	4,813,000	4,889,000	4,827,000	4,822,000	5,839,000	5,582,000	5,566,000	5,260,000	3,862,000	3,700,000	3,233,000
Revenue (ttm)	US$ in thousands	21,505,000	20,947,000	20,429,000	19,936,000	19,409,000	18,886,000	18,429,000	17,999,000	17,606,000	17,191,000	16,693,000	16,142,000	15,785,000	15,099,000	14,389,000	13,682,000	12,868,000	12,436,000	12,045,000	11,661,000
Net profit margin		25.85%	25.59%	24.86%	24.08%	27.97%	27.12%	26.34%	26.32%	27.01%	28.00%	29.29%	29.90%	30.55%	38.67%	38.79%	40.68%	40.88%	31.06%	30.72%	27.72%

November 29, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $5,560,000K ÷ $21,505,000K
= 25.85%

The net profit margin of Adobe Systems Incorporated has demonstrated some fluctuations over the past few periods. The net profit margin was relatively stable around the high 20% range in 2020 and early 2021. There was a notable increase in the margin in late 2021, reaching its peak at 40.88% in November 2020, followed by another peak of 40.68% in March 2021.

However, the net profit margin started to decline gradually from June 2021 onwards, dropping to 27.01% by December 2022. The margin continued to decrease into 2023, hitting a low of 24.08% in March 2024. There was a slight improvement in the margin in mid-2024, reaching 25.85% by November 2024.

Overall, Adobe's net profit margin has shown some volatility, with periods of high profitability followed by declines. It will be important for investors and stakeholders to monitor the company's financial performance closely to assess its future profitability and sustainability.