Adobe (ADBE) Operating Leases (2020 - 2026)
Adobe (ADBE) recorded Operating Leases of $310 million in fiscal Q3 2026 (quarter ended Aug 28, 2026), down 14.4% from $362 million a year earlier and down 5.8% from the prior quarter.
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Analysis
Adobe (ADBE) Operating Leases (2020 - 2026) Analysis & Trends
At the end of FY2025 (ended Nov 28, 2025), Adobe reported Operating Leases of $361 million, up 2.3% from FY2024.
- Annual Operating Leases has a five-year compound annual growth rate of -6.3% (FY2020 to FY2025).
- Across earlier fiscal years, Operating Leases came in at $353 million in FY2024 (-5.4%), $373 million in FY2023 (-10.6%), $417 million in FY2022 (-7.9%) and $453 million in FY2021 (-9.2%).
- The fiscal Q3 2026 figure is the lowest quarterly Operating Leases in data going back to fiscal Q1 2020.
- On a year-over-year basis, Operating Leases rose in three of the last eight quarters, with an average decline of 6.0%.
- Peak year-over-year performance for Operating Leases in the last five years was growth of 3.0% in fiscal Q1 2026, against a decline of 18.8% in fiscal Q2 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $329 million (Q2 2026), $344 million (Q1 2026) and $361 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 99.39 Bn | 74.64 Bn | 6.00 Bn |
| 2 | Atlassian | 56.40 Bn | 49.68 Bn | 1.53 Bn |
| 3 | Autodesk | 51.55 Bn | 39.59 Bn | 1.87 Bn |
| 4 | Twilio | 41.87 Bn | 31.94 Bn | 725.87 Mn |
| 5 | Zoom Communications | 28.87 Bn | -1.92 Bn | 985.50 Mn |
| 6 | Figma | 12.14 Bn | 5.65 Bn | 309.61 Mn |
| 7 | Dropbox | 8.22 Bn | 3.86 Bn | 506.50 Mn |
| 8 | Nice | 7.17 Bn | 5.64 Bn | 995.81 Mn |
| 9 | RingCentral | 6.72 Bn | 6.21 Bn | 472.31 Mn |
| 10 | Open Text | 6.42 Bn | 1.85 Bn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 310.00 Mn |
| May 29, 2026 | 329.00 Mn |
| Feb 27, 2026 | 344.00 Mn |
| Nov 28, 2025 | 361.00 Mn |
| Aug 29, 2025 | 362.00 Mn |
| May 30, 2025 | 323.00 Mn |
| Feb 28, 2025 | 334.00 Mn |
| Nov 29, 2024 | 353.00 Mn |
| Aug 30, 2024 | 381.00 Mn |
| May 31, 2024 | 398.00 Mn |
| Mar 1, 2024 | 378.00 Mn |
| Dec 1, 2023 | 373.00 Mn |
| Sep 1, 2023 | 389.00 Mn |
| Jun 2, 2023 | 408.00 Mn |
| Mar 3, 2023 | 415.00 Mn |
| Dec 2, 2022 | 417.00 Mn |
| Sep 2, 2022 | 426.00 Mn |
| Jun 3, 2022 | 442.00 Mn |
| Mar 4, 2022 | 447.00 Mn |
| Dec 3, 2021 | 453.00 Mn |
API Access
Adobe Operating Leases 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-leases&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();