Adobe Systems Incorporated (ADBE)

Operating profit margin

		Mar 1, 2024	Dec 1, 2023	Sep 1, 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	Nov 29, 2019	Aug 30, 2019	May 31, 2019	Mar 1, 2019
Operating income (ttm)	US$ in thousands	5,933,000	6,531,000	6,272,000	6,104,000	6,098,000	6,094,000	6,051,000	5,928,000	5,802,000	5,516,000	5,144,000	4,754,000	4,237,000	3,992,000	3,777,000	3,511,000	3,269,000	3,019,177	2,883,783	2,832,267
Revenue (ttm)	US$ in thousands	19,775,000	19,118,000	18,503,000	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	11,171,000	10,643,620	10,100,700	9,552,060
Operating profit margin		30.00%	34.16%	33.90%	33.91%	34.64%	35.45%	36.25%	36.72%	36.76%	36.53%	35.75%	34.75%	32.93%	32.10%	31.36%	30.11%	29.26%	28.37%	28.55%	29.65%

March 1, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $5,933,000K ÷ $19,775,000K
= 30.00%

Adobe Systems Incorporated has shown a consistent trend in its operating profit margin over the past years. The operating profit margin has ranged from a high of 36.76% to a low of 28.37% during the period under review. The average operating profit margin over the period is approximately 33.90%, indicating that on average, the company retains around 33.90 cents out of every dollar generated in revenue as operating profit before interest and taxes.

Despite some fluctuations, the operating profit margin has generally remained above 30%, reflecting Adobe's ability to efficiently control its operational costs and generate healthy profit margins. The highest operating profit margin of 36.76% was recorded in Mar 4, 2022, whereas the lowest was 28.37% in Feb 28, 2020.

Investors and analysts typically view a high and stable operating profit margin positively, as it suggests that the company is effectively managing its costs and generating strong profits relative to its revenue. Adobe's consistent performance in maintaining an operating profit margin above 30% indicates a robust financial position and operational efficiency.