{
  "url": "https://struct.news/briefs/adobes-sales-grew-129-operating-margin-fell-15-points",
  "title": "Adobe’s sales grew 12.9%. Operating margin fell 1.5 points",
  "summary": "Adobe generated $7.6 billion of operating cash in nine months, while capex rose 24.1% and operating margin fell 1.5 percentage points.",
  "published_at": "2026-09-22T20:08:31.702882+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Adobe Inc.",
    "ticker": "ADBE",
    "cik": "796343",
    "sector": "Technology",
    "industry": "Software - Application"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-09-22",
    "accession": "0000796343-26-000156",
    "url": "https://www.sec.gov/Archives/edgar/data/796343/000079634326000156/adbe-20260828.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-09-24",
    "url": "https://www.sec.gov/Archives/edgar/data/796343/000079634325000107/adbe-20250829.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 23769000000,
      "display": "$23.8B",
      "unit": "usd",
      "period": "2025-11-28",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0000796343-26-000156",
        "filing_date": "2026-09-22"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": 10.527784236224136,
      "display": "+10.5%",
      "unit": "percent",
      "period": "2025-11-28",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000796343-26-000156",
        "filing_date": "2026-09-22"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 36.62754007320459,
      "display": "+36.6%",
      "unit": "percent",
      "period": "2025-11-28",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0000796343-26-000156",
        "filing_date": "2026-09-22"
      }
    }
  ],
  "watch_next": [
    {
      "type": "input_costs",
      "statement": "Hosting and data-center costs were the largest listed contributor to the year-to-date increase in subscription cost.",
      "importance": "medium",
      "evidence": "Hosting services and data center costs 22 % 17 % Compensation costs 5 4 Amortization of intangibles (5) (6)",
      "source_date": "2026-09-22"
    },
    {
      "type": "tax",
      "statement": "Adobe’s effective tax rate increased by approximately five percentage points over the comparable nine-month period.",
      "importance": "medium",
      "evidence": "Our effective tax rate increased by approximately five percentage points for the nine months ended August 28, 2026, as compared to the nine months ended August 29, 2025",
      "source_date": "2026-09-22"
    },
    {
      "type": "labor_costs",
      "statement": "Compensation costs contributed to higher subscription, research and development, and sales and marketing expenses.",
      "importance": "medium",
      "evidence": "Compensation costs 5 4 Amortization of intangibles (5) (6) Various individually insignificant items",
      "source_date": "2026-09-22"
    }
  ],
  "related_tickers": [
    "ADBE"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}