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Microsoft vs Adobe: MSFT and ADBE compared
Microsoft is the larger company: $92.3B of revenue in its latest quarter (Q1 FY27) against $6.8B for Adobe (Q3 FY26). Microsoft is growing faster (+19% against +13% a year earlier). Microsoft is more profitable, with an operating margin of 49.8% against 34.8%.
Where the money goes: MSFT and ADBE
Microsoft (MSFT) · Q1 FY27
Microsoft, Q1 FY27: revenue $92.3B (+19% year over year), operating margin 49.8%, net earnings $36.6B, operating cash flow $58.0B. 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.
| Microsoft (MSFT) | Adobe (ADBE) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 FY26 |
| Revenue | $92.3B | $6.8B |
| Revenue growth, Y/Y | +19% | +13% |
| Gross margin | 67.8% | 88.7% |
| Operating margin | 49.8% | 34.8% |
| Net earnings | $36.6B | $1.8B |
| Net margin | 39.7% | 27.0% |
| Operating cash flow | $58.0B | $2.5B |
| Free cash flow | $18.6B | $2.4B |
| Market value | $3.95T | $97.5B |
| P/E | 27.7× | 13.8× |
| Analysts’ mean target | $634.14 | $267.00 |
Where the revenue comes from
Microsoft
- Azure: $33.2B (36%)
- Microsoft 365 Cloud: $27.8B (30%)
- Productivity and Server Licensing: $8.4B (9%)
- Search and Advertising: $6.6B (7%)
Adobe
- Subscription: $6.6B (97%)
- Services and other: $111M (2%)
- Product: $67.0M (1%)
Questions
Which is bigger, Microsoft or Adobe?
Microsoft is the larger company: $92.3B of revenue in its latest quarter (Q1 FY27) against $6.8B for Adobe (Q3 FY26).
Is Microsoft or Adobe growing faster?
Microsoft is growing faster (+19% against +13% a year earlier).
Which is more profitable, Microsoft or Adobe?
Microsoft is more profitable, with an operating margin of 49.8% against 34.8%.
More: Microsoft earnings · how Microsoft makes money · Adobe earnings · how Adobe makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Sep 22, 2026). Fiscal quarters can end on different dates. Not investment advice.