Adobe (ADBE) Operating Expenses (2009 - 2026)
Adobe (ADBE) recorded Operating Expenses of $3.64 billion in fiscal Q3 2026 (quarter ended Aug 28, 2026), up 14.8% from $3.17 billion a year earlier but down 0.6% from the prior quarter.
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Analysis
Adobe (ADBE) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Adobe's Operating Expenses came in at $13.91 billion as of Aug 28, 2026, up 13.4% year-over-year; for FY2025 (ended Nov 28, 2025), it came in at $12.51 billion, up 0.9% from FY2024.
- Annual Operating Expenses has increased for 16 straight fiscal years, with a five-year compound annual growth rate of 12.6% (FY2020 to FY2025).
- Across earlier fiscal years, Operating Expenses came in at $12.41 billion in FY2024 (+19.2%), $10.41 billion in FY2023 (+11.4%), $9.34 billion in FY2022 (+15.1%) and $8.12 billion in FY2021 (+17.5%).
- Quarterly Operating Expenses has ranged from $2.1 billion in fiscal Q4 2021 to $3.69 billion in fiscal Q1 2024 over the past five years.
- On a year-over-year basis, Operating Expenses has increased for six consecutive quarters, with growth averaging 8.5% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 47.3% in fiscal Q1 2024, against a decline of 20.5% in fiscal Q1 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $3.67 billion (Q2 2026), $3.32 billion (Q1 2026) and $3.28 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 99.39 Bn | 74.64 Bn | 6.00 Bn | 3.64 Bn |
| 2 | Atlassian | 56.40 Bn | 49.68 Bn | 1.53 Bn | 1.32 Bn |
| 3 | Autodesk | 51.55 Bn | 39.59 Bn | 1.87 Bn | 1.27 Bn |
| 4 | Twilio | 41.87 Bn | 31.94 Bn | 725.87 Mn | 641.32 Mn |
| 5 | Zoom Communications | 28.87 Bn | -1.92 Bn | 985.50 Mn | 671.18 Mn |
| 6 | Figma | 12.14 Bn | 5.65 Bn | 309.61 Mn | 426.90 Mn |
| 7 | Dropbox | 8.22 Bn | 3.86 Bn | 506.50 Mn | 341.70 Mn |
| 8 | Nice | 7.17 Bn | 5.64 Bn | 995.81 Mn | 765.06 Mn |
| 9 | RingCentral | 6.72 Bn | 6.21 Bn | 472.31 Mn | 422.02 Mn |
| 10 | Open Text | 6.42 Bn | 1.85 Bn | 1.01 Bn | 691.79 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 3.64 Bn |
| May 29, 2026 | 3.67 Bn |
| Feb 27, 2026 | 3.32 Bn |
| Nov 28, 2025 | 3.28 Bn |
| Aug 29, 2025 | 3.17 Bn |
| May 30, 2025 | 3.13 Bn |
| Feb 28, 2025 | 2.93 Bn |
| Nov 29, 2024 | 3.03 Bn |
| Aug 30, 2024 | 2.86 Bn |
| May 31, 2024 | 2.83 Bn |
| Mar 1, 2024 | 3.69 Bn |
| Dec 1, 2023 | 2.67 Bn |
| Sep 1, 2023 | 2.61 Bn |
| Jun 2, 2023 | 2.62 Bn |
| Mar 3, 2023 | 2.50 Bn |
| Dec 2, 2022 | 2.45 Bn |
| Sep 2, 2022 | 2.40 Bn |
| Jun 3, 2022 | 2.32 Bn |
| Mar 4, 2022 | 2.17 Bn |
| Dec 3, 2021 | 2.10 Bn |
API Access
Adobe Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "ADBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();