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operating-expenses-chart

ADBE Operating Expenses

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In Q1'26, Adobe's operating expenses reached $3.28B USD, with R&D expenses at $1.11B USD and SG&A expenses at $2.17B USD, reflecting a modest quarter-over-quarter increase driven primarily by steady growth in administrative costs. From Q2'23 to Q1'26, total operating expenses exhibited a consistent upward trend, rising from $2.58B USD to $3.28B USD, with an overall compound annual growth rate of approximately 14%. R&D expenses grew steadily from $876M USD to $1.11B USD, showing linear progression with minor fluctuations, while SG&A expenses accelerated more sharply from $1.70B USD to $2.17B USD, particularly post-Q4'24, underscoring expanding operational scale amid revenue investments. This stacked bar chart highlights SG&A as the dominant component, comprising over 65% of total expenses throughout the period.