Adobe (ADBE) Other Working Capital Changes (2009 - 2026)
Adobe (ADBE) reported Other Working Capital Changes of $120 million for fiscal Q3 2026 (quarter ended Aug 28, 2026), up 122.2% from $54 million a year earlier and up 224.3% from the prior quarter.
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Analysis
Adobe (ADBE) Other Working Capital Changes (2009 - 2026) Analysis & Trends
Over the twelve months ended Aug 28, 2026, Adobe's Other Working Capital Changes came in at $993 million, up 979.3% year-over-year; for FY2025 (ended Nov 28, 2025), it was $771 million, up 25.2% from FY2024.
- Other Working Capital Changes has a five-year compound annual growth rate of 21.8% (FY2020 to FY2025).
- By fiscal year, Other Working Capital Changes came in at $616 million in FY2024 (-24.7%), $818 million in FY2023 (+52.6%), $536 million in FY2022 (-49.1%) and $1.05 billion in FY2021 (+265.6%).
- Five-year quarterly Other Working Capital Changes spans a low of -$183 million in fiscal Q4 2024 and a high of $496 million in fiscal Q4 2025.
- Year over year, Other Working Capital Changes gained in three of the last four quarters, with growth averaging 34.3%.
- The high point for year-over-year Other Working Capital Changes in five years was fiscal Q3 2026 (growth of 122.2%); the low point was fiscal Q4 2023 (a decline of 92.3%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $37 million (Q2 2026), $340 million (Q1 2026) and $496 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 | -166.00 Mn |
| May 29, 2026 | -360.00 Mn |
| Feb 27, 2026 | 100.00 Mn |
| Nov 28, 2025 | 563.00 Mn |
| Aug 29, 2025 | 264.00 Mn |
| May 30, 2025 | -221.00 Mn |
| Feb 28, 2025 | 75.00 Mn |
| Nov 29, 2024 | 536.00 Mn |
| Aug 30, 2024 | 62.00 Mn |
| May 31, 2024 | -892.00 Mn |
| Mar 1, 2024 | -13.00 Mn |
| Dec 1, 2023 | 490.00 Mn |
| Sep 1, 2023 | -141.00 Mn |
| Jun 2, 2023 | -415.00 Mn |
| Mar 3, 2023 | -216.00 Mn |
| Dec 2, 2022 | 490.00 Mn |
| Sep 2, 2022 | 53.00 Mn |
| Jun 3, 2022 | -116.00 Mn |
| Mar 4, 2022 | -68.00 Mn |
| Dec 3, 2021 | 410.00 Mn |
API Access
Adobe Other Working Capital Changes 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=other-working-capital-changes&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-working-capital-changes", "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=other-working-capital-changes&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();