Adobe Systems Incorporated (ADBE)
Pretax margin
| Feb 28, 2025 | Nov 30, 2024 | Nov 29, 2024 | Aug 31, 2024 | Aug 30, 2024 | May 31, 2024 | Mar 1, 2024 | Feb 29, 2024 | Dec 1, 2023 | Nov 30, 2023 | Sep 1, 2023 | Aug 31, 2023 | Jun 2, 2023 | May 31, 2023 | Mar 3, 2023 | Feb 28, 2023 | Dec 2, 2022 | Nov 30, 2022 | Sep 2, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 8,206,000 | 8,066,000 | 8,005,000 | 6,982,000 | 5,908,000 | 5,674,000 | 5,552,000 | 6,327,000 | 7,102,000 | 6,944,000 | 6,786,000 | 6,641,000 | 6,496,000 | 6,363,000 | 6,230,000 | 6,088,000 | 5,946,000 | 5,921,000 | 5,896,000 | 5,983,000 |
| Revenue (ttm) | US$ in thousands | 22,334,000 | 22,028,000 | 21,731,000 | 21,307,000 | 21,081,000 | 20,721,000 | 20,460,000 | 20,168,000 | 19,876,000 | 19,644,000 | 19,412,000 | 19,177,000 | 18,942,000 | 18,651,000 | 18,360,000 | 18,138,000 | 17,916,000 | 17,777,000 | 17,638,000 | 17,467,000 |
| Pretax margin | 36.74% | 36.62% | 36.84% | 32.77% | 28.03% | 27.38% | 27.14% | 31.37% | 35.73% | 35.35% | 34.96% | 34.63% | 34.29% | 34.12% | 33.93% | 33.56% | 33.19% | 33.31% | 33.43% | 34.25% |
February 28, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $8,206,000K ÷ $22,334,000K
= 36.74%
Adobe Systems Incorporated's pretax margin has shown fluctuations over the period ranging from August 31, 2022, to February 28, 2025. The pretax margin started at 34.25% on August 31, 2022, and experienced a slight decrease to 33.43% by September 2, 2022. It then remained relatively stable around the low 33% range until June 2, 2023, where it started an upward trend, reaching 34.96% by September 1, 2023.
From November 30, 2023, to November 29, 2024, the pretax margin showed a significant upward trajectory, reaching a peak of 36.84% by November 29, 2024. However, there was a decline in the pretax margin to 27.38% by May 31, 2024, which indicated a significant decrease in profitability. This trend continued with a pretax margin of 27.38% reported on May 31, 2024.
The pretax margin then started to recover, reaching 32.77% by August 31, 2024. It further increased to 36.74% by February 28, 2025, showing signs of improvement in profitability.
Overall, Adobe Systems Incorporated's pretax margin has demonstrated a mix of fluctuations and growth over the period analyzed, with some periods of decline followed by recovery and improvement. Investors and stakeholders may consider these trends in evaluating the company's financial performance and profitability.
Peer comparison
Feb 28, 2025