Autodesk, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Autodesk, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	2,031	2,057	2,570	3,274	3,790	4,386	5,005	5,497	6,131	7,206
Cost of revenue	342	303	286	325	337	418	480	511	578	650
Gross profit	1,689	1,753	2,284	2,949	3,453	3,968	4,525	4,986	5,553	6,556
Research and development	766	756	725	851	932	1,115	1,219	1,373	1,485	1,643
Selling and marketing	1,023	1,087	1,184	1,310	1,440	1,623	1,745	1,823	2,000	2,373
General and administrative	288	305	340	406	414	572	532	620	650	693
Operating expenses	2,189	2,262	2,309	2,606	2,824	3,350	3,536	3,858	4,199	4,978
Operating income	-500	-509	-25	343	629	618	989	1,128	1,354	1,578
Interest expense							83	71	71	80
Interest income							21	91	85	83
Other non-operating income	8.5	6	16.8	5.2	7	8	12	4	6	7
Pre-tax income	-524	-557	-42.7	295	547	565	946	1,136	1,384	1,603
Income tax	58.3	9.6	38.1	80.3	-661	68	123	230	272	479
Net income	-582	-567	-80.8	215	1,208	497	823	906	1,112	1,124
EBITDA	-360	-401	70.2	470	753	766	1,139	1,267	1,534	1,773
EPS, basic	-2.61	-2.58	-0.37	0.98	5.52	2.26	3.81	4.23	5.17	5.28
EPS, diluted	-2.61	-2.58	-0.37	0.96	5.44	2.24	3.78	4.19	5.12	5.23
Shares, basic (weighted)	223	220	219	220	219	220	216	214	215	213
Shares, diluted (weighted)	223	220	219	223	222	222	218	216	217	215

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	1,213	1,078	886	1,775	1,772	1,528	1,947	1,892	1,599	2,249
Short-term investments	687	245	67.6	69	4	236	125	354	287	348
Receivables	452	438	474	652	643	716	961	876	1,008	1,439
Other current assets	108	117	192	163	206	284	308	457	588	906
Total current assets	2,461	1,878	1,620	2,659	2,626	2,764	3,341	3,579	3,482	4,942
Property, plant and equipment	159	145	150	162	193	162	144	121	117	121
Lease right-of-use assets			0	439	417	305	245	224	169	157
Goodwill	1,561	1,620	2,451	2,445	2,707	3,604	3,625	3,653	4,242	4,295
Intangible assets	45.7	27.1	106	70.9	199	494	407	406	574	467
Long-term investments	306	191	0		0	45	102	234	267	376
Other non-current assets	202	171	338	347	376	492	560	602	777	1,267
Total assets	4,798	4,114	4,729	6,179	7,280	8,607	9,438	9,912	10,833	12,467
Accounts payable	93.5	94.7	102	83.7	123	121	102	100	242	422
Accrued liabilities	238	251	281	272	323	341	358	476	506	659
Deferred revenue	1,270	1,552	1,763	2,176	2,501	2,863	3,203	3,500	3,787	4,406
Short-term debt										0
Total current liabilities	2,185	2,123	2,301	3,219	3,255	4,009	4,000	4,351	5,151	5,808
Long-term debt	1,092	1,586	2,088	1,635	1,637	2,278	2,281	2,284	1,987	2,483
Lease liabilities			0	412	396	346	300	275	214	199
Other non-current liabilities	138	149	122	120	140	149	139	190	287	424
Total liabilities	4,065	4,370	4,940	6,318	6,315	7,758	8,293	8,057	8,212	9,422
Total debt	1,092	1,586	2,088	2,100	1,650	2,650	2,300	2,300	2,300	2,500
Paid-in capital	1,876	1,953	2,072	2,317	2,579	2,923	3,325	3,802	4,239	4,709
Retained earnings	-964	-2,085	-2,147	-2,296	-1,488	-1,950	-1,995	-1,713	-1,333	-1,432
Other comprehensive income	-179	-124	-135	-160	-126	-124	-185	-234	-285	-232
Shareholders' equity	734	-256	-211	-139	965	849	1,145	1,855	2,621	3,045
Total equity	734	-256	-211	-139	965	849	1,145	1,855	2,621	3,045
Total liabilities and equity	4,798	4,114	4,729	6,179	7,280	8,607	9,438	9,912	10,833	12,467
Shares outstanding	220	218	219	219	220	218	215	214	214	212

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	-582	-567	-80.8	215	1,208	497	823	906	1,112	1,124
Depreciation and amortization	139	108	95.2	127	124	148	150	139	180	195
Stock-based compensation	222	261	250	362	398	555	657	703	683	788
Change in receivables	202	13.3	-25.4	-179	13	-66	-247	86	-132	-431
Change in payables	2.7	-13.9	-58.5	-90.8	130	10	36	27	238	455
Cash from operations	170	0.9	377	1,415	1,437	1,531	2,071	1,313	1,607	2,452
Capital expenditures	-76	-50.7	-67	-53.2	-91	-56	-40	-31	-40	-43
Acquisitions	-85.2	0	-1,040	0	-246	-1,250	-96	-70	-825	0
Purchases of investments	-13.8	-12.2	-138	-19.9	-21	-311	-397	-1,110	-815	-945
Sales and maturities of investments	1,057	594	211	5	17	26	298	487	638	467
Cash from investing	272	506	-710	-57.3	-404	-1,595	-143	-502	-903	-451
Debt issued	0	497	500	499	0	997	0	0	0	499
Stock issued	120	94.4	90.9	93.7	114	114	124	130	121	137
Share buybacks	-622	-699	-294	-443	-552	-1,079	-1,101	-795	-852	-1,402
Dividends paid		0	0	0	0	0	0	0	0
Cash from financing	-578	-657	152	-467	-1,047	-169	-1,487	-852	-987	-1,361
Exchange rate effect	-3.3	14.2	-10.6	-2.3	11	-11	-22	-14	-10	10
Net change in cash	-140	-135	-192	889	-3	-244	419	-55	-293	650
Free cash flow	93.7	-49.8	310	1,362	1,346	1,475	2,031	1,282	1,567	2,409
Interest paid	47.6	54.6	59	67.8	63	58	86	69	69	76
Income taxes paid	77.7	84.5	78	60.3	93	165	241	321	281	258

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2026; growth uses fiscal years. Valuation uses the share price of $209.40 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	91.2%	Gross profit / revenue.
Operating margin	26.2%	Operating income / revenue.
EBITDA margin	28.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	27.0%	Pre-tax income / revenue.
Net margin	21.1%	Net income / revenue.
FCF margin	36.4%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	37.2%	Cash from operations / revenue.
Effective tax rate	22.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	48.5%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	12.6%	Net income / average total assets.
Return on invested capital (ROIC)	89.2%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue	22.1%	Research and development expense / revenue.
Stock-based pay / revenue	9.1%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.7%	Capital expenditures / revenue.
D&A / revenue	2.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	17.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	12.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	13.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	18.1%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	13.2%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	13.7%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	16.5%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	16.9%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	20.2%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	15.6%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	15.9%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	18.7%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	1.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	10.9%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	-1.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	2.1%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	11.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-0.8%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	52.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	5.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	11.3%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	53.7%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	5.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	12.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	16.2%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	38.5%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	25.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	15.1%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	9.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	11.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.86x	Current assets / current liabilities.
Quick ratio	0.73x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.63x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.74x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	19.3%	Total debt / total assets.
Liabilities / assets	73.9%	Total liabilities / total assets.
Net debt	-$1.66B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-0.74x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	-$958.0M	Current assets - current liabilities.
Goodwill and intangibles / assets	36.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$1.37B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.60x	Revenue / average total assets.
Fixed asset turnover	62.8x	Revenue / average property, plant and equipment.
Receivables turnover	11.4x	Revenue / average receivables.
Days sales outstanding	32 days	365 x average receivables / revenue.
Days payables	245 days	365 x average accounts payable / cost of revenue.
FCF conversion	172.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	2.0%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$7.78	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$36.92	Revenue / diluted weighted shares.
FCF per share	$13.46	Free cash flow / diluted weighted shares.
Operating cash flow per share	$13.73	Cash from operations / diluted weighted shares.
Book value per share	$16.03	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$6.50	Tangible book value / shares outstanding.
Cash per share	$19.69	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	56.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$44.18B	Share price x shares outstanding.
Enterprise value	$42.53B	Market cap + total debt - cash - short-term investments.
P/E	26.9x	Market cap / net income. Only when net income is positive.
P/S	5.67x	Market cap / revenue.
P/B	13.1x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	15.6x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	15.3x	Market cap / cash from operations, when positive.
EV/Sales	5.46x	Enterprise value / revenue.
EV/EBIT	20.8x	Enterprise value / operating income, when both are positive.
EV/EBITDA	19.0x	Enterprise value / EBITDA, when both are positive.
EV/FCF	15.0x	Enterprise value / free cash flow, when both are positive.
FCF yield	6.4%	Free cash flow / market cap.
Earnings yield	3.7%	Net income / market cap (the inverse of P/E).
Shareholder yield	3.6%	(Dividends paid + share buybacks) / market cap.
PEG	2.35x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Autodesk, Inc.'s revenue in fiscal 2026?

Autodesk, Inc. reported revenue of $7.21B for fiscal 2026, 17.5% higher than the year before.

Was Autodesk, Inc. profitable in fiscal 2026?

Yes. Net income was $1.12B, a net margin of 15.6%.

How much free cash flow did Autodesk, Inc. generate in fiscal 2026?

Cash from operations of $2.45B minus capital expenditures of $43.0M left free cash flow of $2.41B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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