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Adobe (ADBE) free cash flow by quarter

Adobe's free cash flow was $2.4B in Q3 FY26 (third quarter fiscal 2026), +16% from Q2 FY26. Over the last 7 quarters it ranged from $2.1B (Q2 FY26) to $3.1B (Q4 FY25).

Adobe free cash flow by quarterAdobe free cash flow by quarter$2.9BQ4 FY24$2.1BQ2 FY25$2.1BQ3 FY25$3.1BQ4 FY25$2.9BQ1 FY26$2.1BQ2 FY26$2.4BQ3 FY26
QuarterFree cash flowQ/QY/Y
Q3 FY26$2.4B+16%+15%
Q2 FY26$2.1B-28%-2%
Q1 FY26$2.9B-7%—
Q4 FY25$3.1B+47%+9%
Q3 FY25$2.1B-0.8%—
Q2 FY25$2.1B-25%—
Q4 FY24$2.9B——

Q3 FY26 at a glance

Adobe, Q3 FY26: revenue $6.8B (+13% year over year), operating margin 34.8%, net earnings $1.8B, operating cash flow $2.5B. The chart follows the revenue to costs, profit and cash.

Questions

What is Adobe's free cash flow?

Adobe's free cash flow was $2.4B in Q3 FY26 (third quarter fiscal 2026), +16% from Q2 FY26.

How has Adobe's free cash flow changed?

Over the last 7 quarters it ranged from $2.1B (Q2 FY26) to $3.1B (Q4 FY25).

Q3 FY26 results → · How Adobe makes money →