Adobe (ADBE) Return on Capital Employed [ROCE] (2009 - 2026)
Adobe's Return on Capital Employed [ROCE] came in at 51.31% for fiscal Q3 2026 (quarter ended Aug 28, 2026), up 7.53 percentage points from 43.78% a year earlier and up 0.07 percentage points from the prior quarter.
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Analysis
Adobe (ADBE) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025 (ended Nov 28, 2025), Adobe's Return on Capital Employed [ROCE] was 44.28%, up 9.68 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased in each of the last five fiscal years, with a five-year change of +19.37 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Capital Employed [ROCE] was 34.60% in FY2024 (+1.71 pp), 32.89% in FY2023 (+0.92 pp), 31.97% in FY2022 (+1.16 pp) and 30.81% in FY2021 (+5.90 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] in data going back to fiscal Q1 2009.
- Year-over-year, Return on Capital Employed [ROCE] has increased for nine consecutive quarters, with an average year-over-year change of +9.07 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in fiscal Q3 2025 (a gain of 11.59 percentage points), and the weakest in fiscal Q1 2024 (a drop of 1.07 percentage points).
- Business Quant data shows ADBE's Return on Capital Employed [ROCE] at 51.24% (Q2 2026), 49.21% (Q1 2026) and 46.00% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 99.39 Bn | 74.64 Bn | 6.00 Bn | 51.31% |
| 2 | Atlassian | 56.40 Bn | 49.68 Bn | 1.53 Bn | 0.45% |
| 3 | Autodesk | 51.55 Bn | 39.59 Bn | 1.87 Bn | 35.01% |
| 4 | Twilio | 41.87 Bn | 31.94 Bn | 725.87 Mn | 3.09% |
| 5 | Zoom Communications | 28.87 Bn | -1.92 Bn | 985.50 Mn | 11.23% |
| 6 | Figma | 12.14 Bn | 5.65 Bn | 309.61 Mn | -93.81% |
| 7 | Dropbox | 8.22 Bn | 3.86 Bn | 506.50 Mn | 38.55% |
| 8 | Nice | 7.17 Bn | 5.64 Bn | 995.81 Mn | 28.78% |
| 9 | RingCentral | 6.72 Bn | 6.21 Bn | 472.31 Mn | 23.49% |
| 10 | Open Text | 6.42 Bn | 1.85 Bn | 1.01 Bn | 10.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 51.31% |
| May 29, 2026 | 51.24% |
| Feb 27, 2026 | 49.21% |
| Nov 28, 2025 | 46.00% |
| Aug 29, 2025 | 43.78% |
| May 30, 2025 | 41.12% |
| Feb 28, 2025 | 38.21% |
| Nov 29, 2024 | 34.55% |
| Aug 30, 2024 | 32.19% |
| May 31, 2024 | 31.31% |
| Mar 1, 2024 | 30.27% |
| Dec 1, 2023 | 31.39% |
| Sep 1, 2023 | 31.85% |
| Jun 2, 2023 | 32.23% |
| Mar 3, 2023 | 31.34% |
| Dec 2, 2022 | 32.39% |
| Sep 2, 2022 | 31.91% |
| Jun 3, 2022 | 32.24% |
| Mar 4, 2022 | 30.54% |
| Dec 3, 2021 | 29.36% |
API Access
Adobe Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();