Financial Analysis

Acquisitions The results of operations for the following acquisitions are included in the accompanying Consolidated Statements of Operations since their respective acquisition dates. Pro forma results of operations have not been presented because the effects of these acquisitions were not material to Autodesks Consolidated Financial Statements. Fiscal 2026 Acquisitions During the fiscal year ended January 31, 2026, Autodesk did not complete any business combinations. Fiscal 2025 Acquisitions On May 20, 2024, Autodesk acquired 100% of Aether Media, Inc. (Aether), a provider of a cloud-based artificial intelligence pipeline for creating computer-generated 3D characters into live-action scenes, for total consideration of $131 million in cash. Of the total consideration transferred, $122 million was considered purchase consideration. On March 15, 2024, Autodesk acquired 100% of the PIX business of X2X, LLC (PIX), a production management solution for secure review and content collaboration in the media and entertainment industry for total consideration of $266 million in cash. On February 20, 2024, Autodesk acquired 100% of the outstanding stock of Payapps Limited (Payapps), a leading cloud-based software platform for managing construction-related payments, for total consideration of $387 million in cash. Of the total consideration transferred, $381 million was considered purchase consideration. The results of operations for fiscal 2025 acquisitions were included in the accompanyi …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Commitments and Contingencies Purchase Commitments In the normal course of business, Autodesk enters into various purchase commitments for goods or services. These purchase commitments primarily result from contracts entered into for the acquisition of cloud services, marketing, and commitments related to our investment agreements with limited liability partnership funds. Total non-cancellable purchase commitments as of January 31, 2026, were as follows: 2027 $ 303 2028 231 2029 69 2030 7 2031 3 2032-2034 5 Total $ 618 Autodesk has certain royalty commitments associated with the sale and licensing of certain products. Royalty expense is generally based on a fixed rate over a specified period, dollar amount per unit sold or a percentage of the underlying revenue. Royalty expense, which was recorded under cost of subscription and maintenance revenue and cost of other revenue on Autodesks Consolidated Statements of Operations, was $21 million in fiscal 2026, $23 million in fiscal 2025, and $21 million in fiscal 2024. Guarantees and Indemnifications In the normal course of business, Autodesk provides indemnifications of varying scopes, including limited product warranties and indemnification of customers against claims of intellectual property infringement made by third parties arising from the use of its products or services. Autodesk accrues for known indemnification issues if a loss is probable and can be reasonably estimated. Historically, costs related to these indemnificati …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Borrowing Arrangements In May 2025, the Company terminated its previous credit agreement and entered into a new Credit Agreement (2025 Credit Agreement) by and among the Company, the lenders party thereto and Citibank, N.A. (Citibank), as administrative agent, which provides for an unsecured revolving loan facility in the aggregate principal amount of $1.5 billion, with an option to increase the principal amount to $2 billion subject to receipt of additional commitments and other customary conditions. The revolving credit facility is available for working capital and general corporate purposes. The 2025 Credit Agreement contains customary covenants that could, among other things, restrict the imposition of liens on Autodesks assets, and restrict Autodesks ability to incur additional indebtedness or make dispositions of assets if Autodesk fails to maintain compliance with the financial covenants. The 2025 Credit Agreement requires the Company to maintain a maximum leverage ratio of Consolidated Covenant Debt to Consolidated EBITDA (each as defined in the 2025 Credit Agreement) no greater than 3.50:1.00 during the term of the credit facility, subject to adjustment following the consummation of certain acquisitions up to 4.00:1.00 for up to four consecutive fiscal quarters. At January 31, 2026, Autodesk was in compliance with the 2025 Credit Agreement covenants. Revolving loans under the 2025 Credit Agreement will bear interest, at the Companys option, at either (i) a per annum …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Information regarding the components of Autodesks net revenue from contracts with customers by product family, geographic location, sales channel, and product type was as follows: Fiscal Year ended January 31, 2026 2025 2024 Net revenue by product family: Architecture, Engineering, Construction and Operations $ 3,583 $ 2,937 $ 2,580 AutoCAD and AutoCAD LT 1,787 1,572 1,462 Manufacturing 1,379 1,189 1,063 Media and Entertainment 332 315 295 Other 125 118 97 Total net revenue $ 7,206 $ 6,131 $ 5,497 Net revenue by geographic area: Americas U.S. $ 2,566 $ 2,228 $ 1,978 Other Americas 612 488 460 Total Americas 3,178 2,716 2,438 Europe, Middle East and Africa 2,794 2,307 2,042 Asia Pacific 1,234 1,108 1,017 Total net revenue $ 7,206 $ 6,131 $ 5,497 Net revenue by sales channel: Indirect $ 2,646 $ 3,568 $ 3,444 Direct 4,560 2,563 2,053 Total net revenue $ 7,206 $ 6,131 $ 5,497 Net revenue by product type: Design $ 5,980 $ 5,104 $ 4,647 Make 796 654 523 Other 430 373 327 Total net revenue $ 7,206 $ 6,131 $ 5,497 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

"Equity Compensation Stock Plans The 2022 Equity Incentive Plan (the 2022 Plan) was approved by Autodesks stockholders and became effective on June 16, 2022 and amended and restated on June 18, 2025. The 2022 Plan replaced the 2012 Employee Stock Plan, as amended, and the 2012 Outside Directors Stock Plan, as amended (collectively, the Prior Plans), and no further equity awards may be granted under the Prior Plans. The 2022 Plan reserves up to 44 million shares. The 2022 Plan permits the grant of stock options, restricted stock units, and restricted stock awards to employees and non-employee members of the Board of Directors. Each restricted stock unit or restricted stock award granted will be counted against the shares authorized for issuance under the 2022 Plan as 2.08 shares. If a granted option, restricted stock unit, or restricted stock award expires or becomes unexercisable for any reason, the unpurchased or forfeited shares that were granted may be returned to the 2022 Plan and may become available for future grant under the 2022 Plan. As of January 31, 2026, 22 million shares subject to restricted stock units and restricted stock awards have been granted under the 2022 Plan. Restricted stock units that were granted under the 2022 Plan vest over one to four years from the date of grant. The 2022 Plan will expire on March 17, 2032. At January 31, 2026, approximately 24 million shares were available for future issuance under the 2022 Plan. The following sections summariz …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Income Taxes The provision for income taxes consists of the following: Fiscal year ended January 31, 2026 2025 2024 Federal: Current $ (65) $ 138 $ 86 Deferred 257 (87) (97) Total federal 192 51 (11) State: Current (1) 19 21 Deferred 14 (5) 3 Total state 13 14 24 Foreign: Current 244 229 206 Deferred 30 (22) 11 Total foreign 274 207 217 Income tax provision $ 479 $ 272 $ 230 Domestic and foreign pretax income from continuing operations is as follows: Fiscal Year Ended January 31, 2026 2025 2024 Domestic $ 637 $ 392 $ 406 Foreign 966 992 730 Total pretax income $ 1,603 $ 1,384 $ 1,136 For the year ended January 31, 2026, the differences between the U.S. statutory rate and the aggregate income tax provision, presented in accordance with the guidance in ASU 2023-09, are as follows: Fiscal year ended January 31, 2026 U.S. federal statutory tax rate $ 337 21 % State and local income taxes, net of federal income tax effect 13 1 % Foreign tax effects Australia Changes in valuation allowances 19 1 % Other (3) % Brazil Withholding taxes 20 1 % Ireland Statutory income tax rate differential (74) (5) % Other 20 1 % Other withholding taxes 54 3 % Other foreign jurisdictions (8) % Effect of cross-border tax laws Net controlled foreign corporation tested income 164 10 % Other effects on cross-border tax laws (12) (1) % Tax credits Foreign tax credits (73) (5) % Research and development tax credits (30) (2) % Nontaxable or non-deductible items Tax effect of non-deductible stock-based compen …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases Autodesk has operating leases for real estate and certain equipment. Leases have remaining lease terms of less than 1 year to 64 years, some of which include options to extend the lease with renewal terms ranging from 1 year to 5 years and some of which include options to terminate the leases within less than 1 year to 4 years. Options to extend or terminate the lease are considered in determining the lease term when it is reasonably certain that the option will be exercised. Payments under our lease arrangements are primarily fixed, however, certain lease agreements contain variable payments, which are expensed as incurred and not included in the operating lease assets and liabilities. These amounts include payments affected by the Consumer Price Index, payments for common area maintenance that are subject to annual reconciliation, and payments for maintenance and utilities. The Companys leases do not contain residual value guarantees or material restrictive covenants. Short-term leases are recognized in the Consolidated Statement of Operations on a straight-line basis over the lease term. Short-term lease expense was not material for the periods presented. Changes in operating lease right-of-use assets and operating lease liabilities are presented net in the accounts payable and other liabilities line in the Consolidated Statements of Cash Flows with the exception of Lease-related asset impairments which is presented in Adjustments to reconcile net income to net cash …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Accounting Standards in Fiscal 2026 Accounting Standards Adopted In December 2023, the Financial Accounting Standards Board (FASB) issued ASU No. 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures (ASU 2023-09), to enhance the transparency and decision usefulness of income tax disclosures. ASU 2023-09 requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions and applies to all entities subject to income taxes. Autodesk provided the new disclosures required by ASU 2023-09 beginning with its annual financial statements for the fiscal year ending January 31, 2026. In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07), which are intended to improve reportable segment disclosure requirements. ASU 2023-07 expands public entities segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segments profit or loss and assets. All disclosure requirements of ASU 2023-07 are required for …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Retirement Benefit Plans Pretax Savings Plan Autodesk has a 401(k) plan that covers nearly all U.S. employees. Eligible employees may contribute up to 75% of their pretax salary, subject to limitations mandated by the Internal Revenue Service. Autodesk makes voluntary cash contributions and matches a portion of employee contributions in cash. Autodesks contributions were $26 million in fiscal 2026, $27 million in fiscal 2025, and $26 million in fiscal 2024. Autodesk does not allow participants to invest in Autodesk common stock through the 401(k) plan. Defined Benefit Pension Plans Autodesk provides certain defined benefit pension plans to employees located in countries outside of the United States, primarily the United Kingdom, Switzerland, and Japan. The Company deposits funds for specific plans, consistent with the requirements of local law, with insurance companies or third-party trustees, or into government-managed accounts, and accrues for the unfunded portion of the obligation, where material. The projected benefit obligation was $85 million and $78 million as of January 31, 2026, and January 31, 2025, respectively. The accumulated benefit obligation was $75 million and $70 million as of January 31, 2026, and January 31, 2025, respectively. The related fair value of plan assets was $84 million and $74 million as of January 31, 2026, and January 31, 2025, respectively. Our defined pension plan assets are measured at fair value and consist primarily of insurance contract …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Restructuring, other exit costs, and facility reductions During the fourth fiscal quarter ended January 31, 2026, Autodesk initiated a restructuring plan (January 2026 Plan) that represents the culmination of Autodesks sales and marketing optimization program. The January 2026 Plan also reallocates resources in certain other functions to accelerate Autodesks strategic priorities. The January 2026 Plan includes a reduction in force that will result in the aggregate termination of approximately 7% of the Companys workforce, or approximately 1,000 employees, and facility reductions. Total pre-tax restructuring charges are estimated to be approximately $135 million to $160 million (inclusive of $100 million accrued as of January 31, 2026). Autodesk expects to complete the January 2026 Plan by the end of its fourth quarter of fiscal 2027 (ending January 31, 2027). During fiscal 2026, Autodesk initiated a restructuring plan (2026 Plan) to support Autodesk's initiatives to optimize its go-to-market organization and, at the same time, to reallocate resources to Autodesks strategic priorities of investments in cloud, platform and artificial intelligence. With this restructuring plan, Autodesk is realigning roles to maximize talent investments and to distribute critical expertise globally. The 2026 Plan is substantially complete. The following table sets forth the restructuring and other exit costs liability as of January 31, 2026: Balances, January 31, 2025 Additions (3) Payments Bal …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Revenue Recognition Revenue Disaggregation Autodesk recognizes revenue from the sale of (1) product subscriptions, cloud service offerings, and EBAs, (2) fees for maintenance purchased with software licenses, and (3) consulting and other products and services. The three categories are presented as line items on Autodesks Consolidated Statements of Operations. Information regarding the components of Autodesks net revenue from contracts with customers by product family, geographic location, sales channel, and product type was as follows: Fiscal Year ended January 31, 2026 2025 2024 Net revenue by product family: Architecture, Engineering, Construction and Operations $ 3,583 $ 2,937 $ 2,580 AutoCAD and AutoCAD LT 1,787 1,572 1,462 Manufacturing 1,379 1,189 1,063 Media and Entertainment 332 315 295 Other 125 118 97 Total net revenue $ 7,206 $ 6,131 $ 5,497 Net revenue by geographic area: Americas U.S. $ 2,566 $ 2,228 $ 1,978 Other Americas 612 488 460 Total Americas 3,178 2,716 2,438 Europe, Middle East and Africa 2,794 2,307 2,042 Asia Pacific 1,234 1,108 1,017 Total net revenue $ 7,206 $ 6,131 $ 5,497 Net revenue by sales channel: Indirect $ 2,646 $ 3,568 $ 3,444 Direct 4,560 2,563 2,053 Total net revenue $ 7,206 $ 6,131 $ 5,497 Net revenue by product type: Design $ 5,980 $ 5,104 $ 4,647 Make 796 654 523 Other 430 373 327 Total net revenue $ 7,206 $ 6,131 $ 5,497 Payments for subscriptions are typically due in annual installments or upfront. Autodesk does not have any material …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segments Autodesk operates in one operating and reportable segment, the Company as a whole. The chief operating decision maker (CODM) assesses performance and decides how to allocate resources based on consolidated net income as reported on the Consolidated Statements of Operations. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the CODM in deciding how to allocate resources and assess performance. Autodesk reports segment information based on the management approach. The management approach designates the internal reporting used by management for making decisions, allocating resources, and assessing performance as the source of the Companys reportable segments. The description of Autodesks products and offerings and accounting policies are described in Note 1, Business and Summary of Significant Accounting Policies. The measure of Autodesks segment assets is reported on the Consolidated Balance Sheets as total assets. Autodesk determined that the Companys Chief Executive Officer, serves as the CODM. The CODM reviews financial information presented on a consolidated basis for purposes of allocating resources, evaluating financial performance, and making operating decisions of Autodesk. Consolidated net income is indicative of financial performance and is monitored by the CODM. The CODM considers budget to actual comparisons of total net revenue and consolidated net income on a regular basis when …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Stock Repurchase Program Autodesk has stock repurchase programs that are used to offset dilution from the issuance of stock under the Companys employee stock plans and for such other purposes as may be in the interests of Autodesk and its stockholders, which has the effect of returning excess cash generated from the Companys business to stockholders. Autodesk repurchased and retired 5 million shares in fiscal 2026 at an average repurchase price of $290.38 per share, 3 million shares in fiscal 2025 at an average repurchase price of $278.86 per share, and 4 million shares in fiscal 2024 at an average repurchase price of $201.54 per share. At January 31, 2026, $2.48 billion and $5 billion remained available for repurchase under the November 2022 and November 2024 repurchase programs approved by the Board of Directors, respectively. The share repurchase programs do not have an expiration date and the pace and timing of repurchases will depend on factors such as cash generation from operations, available surplus, the volume of employee stock plan activity, remaining shares available in the authorized pool, cash requirements for acquisitions, cash requirements to retire outstanding debt, economic and market conditions, stock price, and legal and regulatory requirements. …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Commitments and Contingencies Guarantees and Indemnifications In the normal course of business, Autodesk provides indemnifications of varying scopes, including limited product warranties and indemnification of customers against claims of intellectual property infringement made by third parties arising from the use of its products or services. Autodesk accrues for known indemnification issues if a loss is probable and can be reasonably estimated. Historically, costs related to these indemnifications have not been significant, and because potential future costs are highly variable, Autodesk is unable to estimate the maximum potential impact of these indemnifications on its future results of operations. In connection with the purchase, sale, or license of assets or businesses with third parties, Autodesk has entered into or assumed customary indemnification agreements related to the assets or businesses purchased, sold, or licensed. Historically, costs related to these indemnifications have not been significant, and because potential future costs are highly variable, Autodesk is unable to estimate the maximum potential impact of these indemnifications on its future results of operations. As permitted under Delaware law, Autodesk has agreements whereby it indemnifies its officers and directors for certain events or occurrences while the officer or director is, or was, serving at Autodesks request in such capacity. The maximum potential amount of future payments Autodesk could be …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Borrowing Arrangements In May 2025, the Company terminated its previous credit agreement and entered into a new Credit Agreement (2025 Credit Agreement) by and among the Company, the lenders party thereto and Citibank, N.A. (Citibank), as administrative agent, which provides for an unsecured revolving loan facility in the aggregate principal amount of $1.5 billion, with an option to increase the principal amount to $2 billion subject to receipt of additional commitments and other customary conditions. The revolving credit facility is available for working capital and general corporate purposes. The 2025 Credit Agreement contains customary covenants that could, among other things, restrict the imposition of liens on Autodesks assets, and restrict Autodesks ability to incur additional indebtedness or make dispositions of assets if Autodesk fails to maintain compliance with the financial covenants. The 2025 Credit Agreement requires the Company to maintain a maximum leverage ratio of Consolidated Covenant Debt to Consolidated EBITDA (each as defined in the 2025 Credit Agreement) no greater than 3.50:1.00 during the term of the credit facility, subject to adjustment following the consummation of certain acquisitions up to 4.00:1.00 for up to four consecutive fiscal quarters. At October 31, 2025, Autodesk was in compliance with the 2025 Credit Agreement covenants. Revolving loans under the 2025 Credit Agreement will bear interest, at the Companys option, at either (i) a per annum …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Information regarding the components of Autodesk's net revenue from contracts with customers by product family, geographic location, sales channel, and product type is as follows: Three Months Ended October 31, Nine Months Ended October 31, 2025 2024 2025 2024 Net revenue by product family: Architecture, Engineering, Construction and Operations $ 921 $ 751 $ 2,608 $ 2,138 AutoCAD and AutoCAD LT 458 398 1,309 1,163 Manufacturing 355 307 998 871 Media and Entertainment 86 83 242 231 Other 33 31 92 89 Total net revenue $ 1,853 $ 1,570 $ 5,249 $ 4,492 Net revenue by geographic area: Americas U.S. $ 666 $ 579 $ 1,880 $ 1,631 Other Americas 154 126 451 355 Total Americas 820 705 2,331 1,986 Europe, Middle East and Africa 715 580 2,017 1,684 Asia Pacific 318 285 901 822 Total net revenue $ 1,853 $ 1,570 $ 5,249 $ 4,492 Net revenue by sales channel: Indirect $ 626 $ 908 $ 2,044 $ 2,696 Direct 1,227 662 3,205 1,796 Total net revenue $ 1,853 $ 1,570 $ 5,249 $ 4,492 Net revenue by product type: Design $ 1,537 $ 1,295 $ 4,371 $ 3,748 Make 205 171 578 478 Other 111 104 300 266 Total net revenue $ 1,853 $ 1,570 $ 5,249 $ 4,492

DisaggregationOfRevenueTableTextBlock

Equity Compensation Restricted Stock Units A summary of restricted stock activity for the nine months ended October 31, 2025, is as follows: Unvested restricted stock units Weighted average grant date fair value per share (in thousands) Unvested restricted stock units at January 31, 2025 5,188 $ 229.09 Granted 2,767 264.79 Vested (2,576) 224.50 Canceled/Forfeited (429) 233.23 Performance Adjustment (1) 6 275.23 Unvested restricted stock units at October 31, 2025 4,956 $ 252.28 _______________ (1) Based on Autodesk's financial results and relative total stockholder return for the fiscal 2025 performance period. The performance stock units were attained at rates ranging from 95% to 108% of the target award. The fair value of the shares vested during the nine months ended October 31, 2025 and 2024, was $730 million and $634 million, respectively. During the nine months ended October 31, 2025, Autodesk granted 2 million restricted stock units. Restricted stock units are not considered outstanding stock at the time of grant, as the holders of these units are not entitled to any of the rights of a stockholder, including voting rights. Autodesk recorded stock-based compensation expense related to restricted stock units of $151 million and $152 million during the three months ended October 31, 2025 and 2024, respectively. Autodesk recorded stock-based compensation expense related to restricted stock units of $449 million and $432 million during the nine months ended October 31, 2025 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Income Tax Autodesk had income tax expense of $125 million, relative to pre-tax income of $468 million for the three months ended October 31, 2025, and income tax expense of $76 million, relative to pre-tax income of $351 million for the three months ended October 31, 2024. Our effective tax rate for the three months ended October 31, 2025, differs from the U.S. federal statutory rate of 21% primarily due to tax on net controlled foreign corporation tested income (NCTI) and withholding tax, offset by varying tax rates on foreign earnings, tax deductible stock-based compensation, and tax credits. Autodesk had income tax expense of $350 million, relative to pre-tax income of $1.16 billion for the nine months ended October 31, 2025, and income tax expense of $203 million, relative to pre-tax income of $1.01 billion for the nine months ended October 31, 2024. Our effective tax rate for the nine months ended October 31, 2025, differs from the U.S. federal statutory rate of 21% primarily due to tax on NCTI, a nondeductible cumulative adjustment of stock-based compensation related to the Companys ESPP, and withholding tax, offset by varying tax rates on foreign earnings, tax deductible stock-based compensation, and tax credits. Autodesk regularly assesses the need for a valuation allowance against its deferred tax assets. In making that assessment, Autodesk considers both positive and negative evidence related to the likelihood of realization of the deferred tax assets to determine, …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases Autodesk has operating leases for real estate and certain equipment. Leases have remaining lease terms of less than 1 year to 64 years, some of which include options to extend the lease with renewal terms ranging from 1 year to 5 years and some of which include options to terminate the leases within less than 1 year to 4 years. Options to extend or terminate the lease are considered in determining the lease term when it is reasonably certain that the option will be exercised. Payments under our lease arrangements are primarily fixed; however, certain lease agreements contain variable payments, which are expensed as incurred and not included in the operating lease assets and liabilities. These amounts include payments affected by the Consumer Price Index, payments for common area maintenance that are subject to annual reconciliation, and payments for maintenance and utilities. The Companys leases do not contain residual value guarantees or material restrictive covenants. Short-term leases are recognized in the Condensed Consolidated Statements of Operations on a straight-line basis over the lease term. Short-term lease expense was not material for the periods presented. Changes in operating lease right-of-use assets and operating lease liabilities are presented net in the Accounts payable and other liabilities line in the Condensed Consolidated Statements of Cash Flows with the exception of Lease-related asset impairments which is presented in Adjustments to reconcile n …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Standards Not Yet Adopted In September 2025, the Financial Accounting Standards Board (FASB) issued ASU No. 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40) (ASU 2025-06), which amends certain aspects of the accounting for and disclosure of software costs under Subtopic 350-40. ASU 2025-06 eliminates accounting consideration of software development stages. Cost capitalization will now begin solely when (1) management has authorized and committed to funding the software project, and (2) it is probable the project will be completed and the software used to perform its intended function (the probable-to-complete threshold). In evaluating the probable-to-complete recognition threshold, an entity is required to consider whether there is significant uncertainty associated with the development activities of the software. ASU 2025-06 specifies that the disclosures in Subtopic 360-10, Property, Plant, and EquipmentOverall, are required for all capitalized internal-use software costs, regardless of how those costs are presented in the financial statements. The amendments in ASU 2025-06 supersede the website development costs guidance and incorporate the recognition requirements for website-specific development costs from Subtopic 350-50 into Subtopic 350-40. ASU 2025-06 is effective for Autodesks fiscal year beginning February 1, 2028, and interim periods within that fiscal year. Early adoption is permitted. Autodesk is currentl …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"Restructuring, Other Exit Costs, and Facility Reductions During the first quarter of fiscal 2026, Autodesk initiated a restructuring plan (2026 Plan) to support Autodesk's initiatives to optimize its go-to-market organization and, at the same time, to reallocate resources to Autodesks strategic priorities of investments in cloud, platform and artificial intelligence. With this restructuring plan, Autodesk is realigning roles to maximize talent investments and to distribute critical expertise globally. The 2026 Plan is substantially complete as of October 31, 2025. The following table sets forth the restructuring and other exit costs liability as of October 31, 2025: Balances, January 31, 2025 Additions (3) Payments Balances, October 31, 2025 Employee terminations costs (1) $ 15 $ 93 $ (106) $ 2 Other exit costs (2) 4 (4) Total $ 15 $ 97 $ (110) $ 2 ____________________ (1) Recorded in the Condensed Consolidated Balance Sheets under Accrued compensation."" (2) Recorded in the Condensed Consolidated Balance Sheets under Accounts payable."" (3) Recorded in the Condensed Consolidated Statements of Operations under Restructuring, other exit costs, and facility reductions. During the three and nine months ended October 31, 2025, Autodesk recorded $1 million and $12 million in lease right-of-use assets impairments and $1 million and $7 million in impairment charges to computer equipment, software, furniture, and leasehold improvements for facility reductions, respectively, related …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Revenue Recognition Revenue Disaggregation Autodesk recognizes revenue from the sale of (1) product subscriptions, cloud service offerings, and enterprise business agreements (EBAs), (2) fees for maintenance purchased with software licenses, and (3) consulting and other products and services. The three categories are presented as line items on Autodesks Condensed Consolidated Statements of Operations. Information regarding the components of Autodesk's net revenue from contracts with customers by product family, geographic location, sales channel, and product type is as follows: Three Months Ended October 31, Nine Months Ended October 31, 2025 2024 2025 2024 Net revenue by product family: Architecture, Engineering, Construction and Operations $ 921 $ 751 $ 2,608 $ 2,138 AutoCAD and AutoCAD LT 458 398 1,309 1,163 Manufacturing 355 307 998 871 Media and Entertainment 86 83 242 231 Other 33 31 92 89 Total net revenue $ 1,853 $ 1,570 $ 5,249 $ 4,492 Net revenue by geographic area: Americas U.S. $ 666 $ 579 $ 1,880 $ 1,631 Other Americas 154 126 451 355 Total Americas 820 705 2,331 1,986 Europe, Middle East and Africa 715 580 2,017 1,684 Asia Pacific 318 285 901 822 Total net revenue $ 1,853 $ 1,570 $ 5,249 $ 4,492 Net revenue by sales channel: Indirect $ 626 $ 908 $ 2,044 $ 2,696 Direct 1,227 662 3,205 1,796 Total net revenue $ 1,853 $ 1,570 $ 5,249 $ 4,492 Net revenue by product type: Design $ 1,537 $ 1,295 $ 4,371 $ 3,748 Make 205 171 578 478 Other 111 104 300 266 Total net reve …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segments Autodesk operates in one operating and reportable segment, the Company as a whole. The chief operating decision maker (CODM) assesses performance and decides how to allocate resources based on consolidated net income as reported on the Condensed Consolidated Statements of Operations. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the CODM in deciding how to allocate resources and assess performance. Autodesk reports segment information based on the management approach. The management approach designates the internal reporting used by management for making decisions, allocating resources, and assessing performance as the source of the Companys reportable segments. The description of Autodesks products and offerings and accounting policies are described in Note 1, Business and Summary of Significant Accounting Policies in Autodesks Annual Report on Form 10-K for the fiscal year ended January 31, 2025, filed on March 6, 2025. The measure of Autodesks segment assets is reported on the Condensed Consolidated Balance Sheets as total assets. Autodesk determined that the Companys Chief Executive Officer, serves as the CODM. The CODM reviews financial information presented on a consolidated basis for purposes of allocating resources, evaluating financial performance, and making operating decisions of Autodesk. Consolidated net income is indicative of financial performance and is monitored by the …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Standards Recently Issued Accounting Standards Not Yet Adopted In September 2025, the Financial Accounting Standards Board (FASB) issued ASU No. 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40) (ASU 2025-06), which amends certain aspects of the accounting for and disclosure of software costs under Subtopic 350-40. ASU 2025-06 eliminates accounting consideration of software development stages. Cost capitalization will now begin solely when (1) management has authorized and committed to funding the software project, and (2) it is probable the project will be completed and the software used to perform its intended function (the probable-to-complete threshold). In evaluating the probable-to-complete recognition threshold, an entity is required to consider whether there is significant uncertainty associated with the development activities of the software. ASU 2025-06 specifies that the disclosures in Subtopic 360-10, Property, Plant, and EquipmentOverall, are required for all capitalized internal-use software costs, regardless of how those costs are presented in the financial statements. The amendments in ASU 2025-06 supersede the website development costs guidance and incorporate the recognition requirements for website-specific development costs from Subtopic 350-50 into Subtopic 350-40. ASU 2025-06 is effective for Autodesks fiscal year beginning February 1, 2028, and interim periods within that fiscal year. Early adopti …

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Stockholders' Equity Changes in stockholders' equity by component, net of tax, for the nine months ended October 31, 2025, are as follows: Common stock and additional paid-in capital Accumulated other comprehensive loss Accumulated deficit Total stockholders' equity Shares Amount Balances, January 31, 2025 214 $ 4,239 $ (285) $ (1,333) $ 2,621 Common shares issued under stock plans 1 (73) (73) Stock-based compensation expense 233 233 Net income 152 152 Other comprehensive income 37 37 Repurchase and retirement of common shares (1) (1) (75) (278) (353) Balances, April 30, 2025 214 4,324 (248) (1,459) 2,617 Common shares issued under stock plans (47) (47) Stock-based compensation expense 194 194 Net income 313 313 Other comprehensive loss (6) (6) Repurchase and retirement of common shares (1) (1) (15) (341) (356) Balances, July 31, 2025 213 4,456 (254) (1,487) 2,715 Common shares issued under stock plans 14 14 Stock-based compensation expense 191 191 Net income 343 343 Other comprehensive income (9) (9) Repurchase and retirement of common shares (1) (1) (73) (288) (361) Balances, October 31, 2025 212 $ 4,588 $ (263) $ (1,432) $ 2,893 ________________ (1) During the three and nine months ended October 31, 2025, Autodesk repurchased 1 million and 3 million shares at an average repurchase price of $306.35 and $290.04 per share, respectively. At October 31, 2025, $2.81 billion and $5 billion remained available for repurchase under the November 2022 and November 2024 repurchase prog …

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