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Salesforce vs Adobe: CRM and ADBE compared
Salesforce is the larger company: $11.3B of revenue in its latest quarter (Q2 FY27) against $6.8B for Adobe (Q3 FY26). Adobe is growing faster (+13% against +11% a year earlier). Adobe is more profitable, with an operating margin of 34.8% against 20.5%.
Where the money goes: CRM and ADBE
Salesforce (CRM) · Q2 FY27
Salesforce, Q2 FY27: revenue $11.3B (+11% year over year), operating margin 20.5%, net earnings $3.5B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
Adobe (ADBE) · Q3 FY26
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.
| Salesforce (CRM) | Adobe (ADBE) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 FY26 |
| Revenue | $11.3B | $6.8B |
| Revenue growth, Y/Y | +11% | +13% |
| Gross margin | 76.7% | 88.7% |
| Operating margin | 20.5% | 34.8% |
| Net earnings | $3.5B | $1.8B |
| Net margin | 31.1% | 27.0% |
| Operating cash flow | $1.3B | $2.5B |
| Free cash flow | $1.1B | $2.4B |
| Market value | $182.6B | $97.5B |
| P/E | 18.9× | 13.8× |
| Analysts’ mean target | $287.08 | $267.00 |
Where the revenue comes from
Salesforce
- Subscription and support: $10.8B (95%)
- Professional services and other: $525M (5%)
Adobe
- Subscription: $6.6B (97%)
- Services and other: $111M (2%)
- Product: $67.0M (1%)
Questions
Which is bigger, Salesforce or Adobe?
Salesforce is the larger company: $11.3B of revenue in its latest quarter (Q2 FY27) against $6.8B for Adobe (Q3 FY26).
Is Salesforce or Adobe growing faster?
Adobe is growing faster (+13% against +11% a year earlier).
Which is more profitable, Salesforce or Adobe?
Adobe is more profitable, with an operating margin of 34.8% against 20.5%.
More: Salesforce earnings · how Salesforce makes money · Adobe earnings · how Adobe makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 27, 2026; 10-Q filed Sep 22, 2026). Fiscal quarters can end on different dates. Not investment advice.