Document Management Archives

Operations

As of September 11, 2026

Q3 Revenue ↑ 13% YoY $6.76B

Divisions

Subscription 97.4%

Product 1.0%

Services and other 1.6%

Key Earnings Driver: Business Professionals & Consumers

Subscription Revenue increased 13.7% year over year to $6.58B, Within Subscription, Total Customer Group subscription revenue was $6.56B, with Business Professionals & Consumers subscription revenue increasing 16% to $1.91B, and Creative & Marketing Professionals subscription revenue increasing 14% to $4.65B. Product Revenue declined 1.5% to $67M, and Services and other revenue declined 14% to $111M. Management cited expanding its user base through a freemium strategy and deeper engagement with agentic experiences to deliver long-term durable growth.

Key Operating Metrics¹

METRIC

STATUS

Subscription

Total Customer Group

Business Professionals & Consumers

🟢 Scaling

Creative & Marketing Professionals

Key Financial Metrics

Gross Margin 88.71% -0.6 pp YoY

Backlog / Rev. 327.8% 3.27x Qtr Rev

CapEx Intensity 1.26% 0.01x Revenue

Sources: Adobe Q3 FY2026 Earnings Release — Company Website

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.

Key Earnings Driver: Enterprise Advanced

BOX revenue increased 11% year over year to $305.9M. Management said continued customer adoption of Enterprise Advanced and Box AI solutions is driving accelerating revenue growth.

Key Operating Metrics¹

METRIC

STATUS

Box

Enterprise Advanced

🟢 Scaling

Box AI

🟢 Scaling

Key Financial Metrics

Gross Margin 79.50% +1.5 pp YoY

Backlog / Rev. 536.7% 5.36x Qtr Rev

CapEx Intensity 4.07% 0.04x Revenue

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.