The theme of time is portrayed differently between the court scenes and those set in the Forest of Arden. In the court, time is precise and measured by specific intervals, emphasizing the corrupt and violent nature of Duke Frederick's rule. For example, Duke Frederick demands that Rosalind leave the court within ten days or face execution, and he gives Oliver a year to find Orlando, or else his land and possessions will be confiscated. In contrast, the concept of time in Arden is more ambiguous. Some scholars suggest that time in the forest is replaced by a sense of timelessness, which enhances Arden's mythical and otherworldly qualities. Others interpret time in Arden not by the ticking of hours and minutes, but through the progression of events that lead to the characters' self-awareness. This interpretation views time as having a cause-and-effect aspect, shaped by the characters' evolving attitudes, culminating in the multiple marriages at the play's conclusion.

Additionally, time is explored concerning the human aging process. Jaques's melancholy "Seven Ages of Man" speech (II.vii.139ff.) pessimistically portrays life's stages, ending with the image of humans as feeble and dependent. Touchstone also comments on aging, expressing concern that aging diminishes the ability to enjoy physical love. However, Rosalind offers a more optimistic perspective, asserting that life remains fulfilling when one can grow old with a loved one.