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Autodesk (ADSK) FY2026 results: revenue $7.2 billion, up 17.5% on the year

Autodesk, Inc. (ADSK) reported revenue of $7.2 billion for fiscal 2026, the year ended 31 January 2026, up 17.5% on the year before. Net income was $1.1 billion, up 1.1%, and diluted earnings per share $5.23. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2026.

Revenue
$7.2 billion
+17.5% on the year
FY2019FY2026
Operating margin
21.9%
22.1% a year earlier
FY2019FY2026
Net income
$1.1 billion
+1.1% on the year
FY2019FY2026
Diluted EPS
$5.23
+2.1% on the year
FY2019FY2026

this yearthe year beforeHover a bar for its figure.

The year in brief

What management said about the year

Guidance figures: 10 new, 1 kept.

  • Fourth quarter revenue rose 19 percent: Q4 revenue was $1,957 million, up 19 percent as reported and in constant currency, from $1,639 million a year earlier.
  • Diluted EPS rose in both measures: Q4 GAAP diluted EPS was $1.48, up $0.08; non-GAAP diluted EPS was $2.85, up $0.56. Full-year GAAP diluted EPS was $5.23 and non-GAAP $10.43, up $1.96.
  • AECO was largest family, up 22 percent: Q4 AECO revenue was $975 million, up 22 percent, the largest product family. Fiscal 2026 AECO revenue was $3,583 million, also up 22 percent.
  • Margins: GAAP flat, non-GAAP higher: Q4 GAAP operating margin was 22 percent, unchanged. Non-GAAP operating margin was 38 percent, up 1 point. Full-year non-GAAP operating margin was 38 percent, up 2 points.
  • Q4 billings rose 33 percent: Q4 billings were $2,804 million, up 33 percent, faster than revenue growth in the same quarter.
Read the Q4 FY2026 earnings call summary

From this 10-K

Autodesk sells 3D design, engineering and entertainment software, spanning architecture, engineering, construction, product design, manufacturing, media and entertainment. Its customers design, fabricate, manufacture and build by visualising, simulating and analysing real-world performance early in the design process. The professional software products are sold globally through a combination of indirect and direct channels.

Autodesk, Inc., the 10-K for 2026

Autodesk sells 3D design, engineering and entertainment software, spanning architecture, engineering, construction, product design, manufacturing, media and entertainment. Its customers design, fabricate, manufacture and build by visualising, simulating and analysing real-world performance early in the design process. The professional software products are sold globally through a combination of indirect and direct channels.

Architecture, engineering, construction and operations

The AEC Collection bundles AutoCAD, AutoCAD Civil 3D and Revit for designing, engineering and constructing building and civil infrastructure projects. AutoCAD Civil 3D handles surveying, design, analysis and documentation for civil engineering, including land development, transportation and environmental projects, on a model-centric approach where documentation updates automatically as the design changes, so the whole project team works from the same model.

Revit is built for Building Information Modeling, covering architectural, mechanical, electrical and plumbing design along with structural engineering and construction, so architects, engineers and construction firms work from one information-rich model. BIM Collaborate Pro is cloud-based design collaboration and design management software for organising project data and working on complex projects together. BuildingConnected is a preconstruction product combining a real-time construction network with a tool for subcontractor qualification and bid and risk management, used by general contractors and owners. Tandem is a cloud platform that carries BIM data through the project lifecycle to create and hand over a digital twin, and lets an owner connect operational systems to it.

AutoCAD

AutoCAD is the customisable and extensible computer-aided design application for professional design, drafting, detailing and visualisation, usable on its own or alongside the specific applications, in fields from construction and civil engineering to manufacturing and plant design. AutoCAD LT is built for professional drafting and detailing, with document sharing but without customisation or certain advanced functionality, and its users can share design data with anyone on AutoCAD or on other Autodesk products built on AutoCAD.

Manufacturing

Fusion connects the product development process on a single cloud-based platform, combining 3D computer-aided design, computer-aided manufacturing and computer-aided engineering. Inventor takes manufacturers from 3D design into digital prototyping, with tools for 3D mechanical design, simulation, analysis, tooling, visualisation and documentation, letting an engineer fold AutoCAD drawings and model-based design data into one digital model and validate the form, fit and function of a product before it is built. Vault is the data management product, holding data centrally, integrating with more than 30 Autodesk design applications, and providing revisioning and access control. The Product Design & Manufacturing Collection bundles AutoCAD, Fusion, Vault and Inventor.

Media and entertainment

Maya provides 3D modelling, animation, effects, rendering and compositing for film and video artists, game developers and design visualisation professionals. 3ds Max provides 3D modelling, animation and rendering for game developers, design visualisation professionals and visual effects artists. The Media & Entertainment Collection bundles Maya and 3ds Max. Flow Production Tracking is cloud-based production management software for collaboration, review, scheduling and tracking across producers, production managers, artists and supervisors, who the filing notes often work in distributed teams globally.

How it sells

Autodesk transacts directly with enterprise and named account customers, through its own online branded store, and through a transaction model where Solution Providers quote the customer but the transaction itself happens between Autodesk and the customer. The indirect channel runs both two-tiered, with distributors selling to resellers, and one-tiered, with Autodesk selling straight to resellers, across a network of approximately 1,170 resellers and distributors worldwide. Approximately 37% of revenue in fiscal 2026 came through that indirect channel. The company states that it expects the indirect channel to continue to transact and support a considerable portion of its customers, particularly in emerging regions and with governments, and that the growth of the online store and the newer transaction model means it is dealing directly with more end customers.

From Autodesk's annual report on Form 10-K for the year ended 31 January 2026. The filing

Written from the 10-K filed 3 March 2026: read the full 10-K.

The four quarters: Q1 FY2026 · Q2 FY2026 · Q3 FY2026 · Q4 FY2026

Income statement (profit and loss)

$ millionFY2026FY2025FY2024On the yearLast 8 years
Revenue7,2066,1315,497+17.5%
Cost of revenue650578511+12.5%
Gross profit6,5565,5534,986+18.1%
Gross margin91.0%90.6%90.7%
Research and development1,6431,4851,373+10.6%
Operating income1,5781,3541,128+16.5%
Operating margin21.9%22.1%20.5%
Interest expense80.071.071.0+12.7%
Pre-tax income1,6031,3841,136+15.8%
Income tax479272230+76.1%
Effective tax rate29.9%19.7%20.2%
Net income1,1241,112906+1.1%
Net margin15.6%18.1%16.5%
Diluted EPS$5.23$5.12$4.19+2.1%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2026FY2025FY2024On the yearLast 8 years
Operating cash flow2,4521,6071,313+52.6%
Capital expenditure43.040.031.0+7.5%
Free cash flow2,4091,5671,282+53.7%
Free cash flow margin33.4%25.6%23.3%
Cash from investing-451-903-502
Cash from financing-1,361-987-852
Depreciation and amortisation195180139+8.3%
Share-based compensation788683703+15.4%
Buybacks1,402852795+64.6%
Dividends paidn/a0.00.0
Diluted shares, weighted215m217m216m-0.9%
Shares outstanding at period end212m214m214m-0.9%

Balance sheet

$ millionFY2026FY2025FY2024On the yearLast 8 years
Shareholders' equity3,0452,6211,855+16.2%
Short-term borrowings0.0n/an/a
Debt2,5002,3002,300+8.7%
Operating lease liabilities199214275-7.0%
Other liabilities6,7235,6985,482+18.0%
Total liabilities and equity12,46710,8339,912+15.1%
Fixed assets121117121+3.4%
Goodwill4,2954,2423,653+1.2%
Intangible assets467574406-18.6%
Investments724554588+30.7%
Cash and equivalents2,2491,5991,892+40.7%
Receivables1,4391,008876+42.8%
Other assets3,1722,7392,376+15.8%
Total assets12,46710,8339,912+15.1%

10-K for the year ended 31 January 2026, filed 3 March 2026: the filing.