Autodesk
We are a global leader in 3D design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media, and entertainment.
10-K, Mar 3, 2026
Source and method
In the company’s words: first descriptive sentence of 10-K Item 1, verbatim (extractive). Item 1 · Business · 10-K · 0000769397-26-000015 · filed Mar 3, 2026
Business
How does Autodesk make money?
Architecture Engineering And Construction is 37.9% of revenue.
Source and method
Revenue by revenue types, FY2016.
annual report FY2016 · 0000769397-16-000067 · shares derived = part / total revenue
Calculated: share = part revenue ÷ total revenue ($2.5B).
- Architecture Engineering And Construction: $949M · 37.9%
- Manufacturing: $725M · 28.9%
- Auto CA Dand Auto CADLT Family: $595M · 23.8%
- Media And Entertainment: $160M · 6.4%
- Other: $75.6M · 3.0%
What is left of every $100?
Of every $100 in revenue, $16 is net income.
Source and method
Of every $100 of revenue, FY2026.
Calculated: amount ÷ revenue × 100.
- Revenue: $7.2B
- Gross profit: $6.6B
- Operating income: $1.6B
- Net income: $1.1B
- Free cash flow: $2.4B
Where do customers sit?
44.1% of revenue is from Americas.
Source and method
Revenue by region, latest annual report.
10-K · 0000769397-26-000015 · XBRL revenue by region · one level, shares add up to 100.0% · derived
Calculated: share = region revenue ÷ total revenue.
In the company’s words ›
“Our customers design, fabricate, manufacture, and build anything by visualizing, simulating, and analyzing real-world performance early in the design process.”
“These capabilities allow our customers to foster innovation, optimize their designs, streamline their manufacturing and construction processes, save time and money, improve quality, deliver more sustainable outcomes, communicate plans, and collaborate with others.”
“Our professional software products are sold globally through a combination of indirect and direct channels.”
Item 1 · Business · 10-K · 0000769397-26-000015 · filed Mar 3, 2026
Thesis
Why do people invest?
2 reasons in the company’s own words.
Revenue +18%
“Total net revenue was $7.21 billion during fiscal 2026, an increase of 18% compared to the prior fiscal year.”
Item 7 · MD&A · 10-K · 0000769397-26-000015 · filed Mar 3, 2026
Number check (revenue): stated $7.2B matches the stored value ($7.2B, ±10%)
Revenue: $7.2B FY2026 · +17.5% vs FY2025 · KPIs
Position (in the company’s words)
“Revenue through our largest distributor, TD Synnex Corporation and its global affiliates (collectively, “TD Synnex”), accounted for 14%, 33%, and 39% of our net revenue for the fiscal years ended January 31, 2026, 2025 and 2024, respectively.”
Item 1 · Business · 10-K · 0000769397-26-000015 · filed Mar 3, 2026
Source and method
Verbatim · selection. Sentences selected by rules from the 10-K and checked word for word against it; no AI summary. Not investment advice, not a recommendation, no forecast.
2 of 2 points met the selection rules (score, subject = the metric, quoted number within ±10% of the stored value).
KPIs
How fast is revenue growing?
Revenue grew 18% to $7.2B.
Revenue grew 16% YoY to $2.0B.
Source & method
- Counted
- Total revenue, as filed in 10-K / 20-F / 10-Q XBRL.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Did the growth reach the shareholder?
Per share, revenue grew 46.0%.
Source & method
- Counted
- Revenue and weighted-average diluted shares, as filed, first and last fiscal year of the range.
- Formulas
- Revenue per diluted share = revenue / diluted shares; growth = (to / from) − 1. All three changes are calculated.
- Guards
- IPO: if the start year ended more than 365 days before the first SEC filing and diluted shares then rose ≥25%, the range is hidden by default (Options → Include IPO-distorted periods). Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How profitable is it?
21.9% operating margin, down from 22.1%.
91.0% gross margin, up from 90.6%.
Operating income grew 17% to $1.6B.
Net income grew 1.1% to $1.1B.
R&D grew 11% to $1.6B.
SG&A grew 16% to $3.1B.
EPS diluted grew 2.1% to $5.23.
29.3% operating margin, up from 25.2%.
91.4% gross margin, up from 91.0%.
Operating income grew 35% YoY to $599M.
Net income grew 57% YoY to $492M.
R&D grew 12% YoY to $464M.
SG&A grew 9.4% YoY to $795M.
EPS diluted grew 60% YoY to $2.33.
Source & method
- Counted
- Income statement items, as filed.
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated. Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How much cash does it make, and where does it go?
Keeps $33 of every $100 as free cash.
Operating cash flow grew 53% to $2.5B.
Capex grew 7.5% to $43.0M.
Buybacks grew 65% to $1.4B.
Dividends: $0 in FY2025, the latest reported.
Stock-based compensation grew 15% to $788M.
Free cash flow grew 24% YoY to $561M.
Operating cash flow grew 25% YoY to $575M.
Capex grew 56% YoY to $14.0M.
Buybacks grew 27% YoY to $453M.
Stock-based compensation fell 3.7% YoY to $184M.
Source & method
- Counted
- Cash flow statement items, as filed; free cash flow = operating cash flow − capex (calculated).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
How strong is the balance sheet?
$2.2B cash vs $2.5B debt.
Total debt grew 8.6% to $2.5B.
Interest expense grew 13% to $80.0M.
Total assets grew 15% to $12.5B.
Equity grew 16% to $3.0B.
Cash grew 105% YoY to $4.1B.
Total debt grew 40% YoY to $3.5B.
Interest expense grew 17% YoY to $21.0M.
Total assets grew 20% YoY to $13.0B.
Equity grew 25% YoY to $3.4B.
Source & method
- Counted
- Balance sheet items at fiscal year end, as filed; total debt is derived from reported components (excl. operating leases).
- Formulas
- Values as filed; margins = metric / revenue of the same period (calculated). Change vs prior period is calculated.
- Guards
- Gaps are shown as 'not reported', never interpolated.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Dependencies
How much revenue hangs on one customer?
One Autodesk customer: $1.0B.
Source & method
- Counted
- Largest customers as disclosed in the annual report (share of revenue).
- Formulas
- One customer in dollars = disclosed share × total revenue of the same fiscal year (calculated), only where the filing text confirms the share is of total revenue.
- Guards
- Anonymous customers stay anonymous. Segment-based shares are never multiplied by total revenue. Values marked “calculated” are derived by Hollsteen, not taken verbatim from a filing.
- Coverage
- SEC filings only · 100 companies covered
- As of
- Oct 15, 2026
Customers, suppliers, stakes and mentions ›
Only what filings state. Anonymous customers stay anonymous.
Largest customers (Autodesk annual report)
“Our distributor, TD Synnex accounted for 14% and 33% of our total net revenue for fiscal 2026 and 2025, respectively.”
10-K · 0000769397-26-000015 · filed Mar 3, 2026 · basis: filing text, verified verbatim
Suppliers named by Autodesk
Autodesk holds stakes in
No stake in a covered company found in SEC filings.
Others name Autodesk
No mentions in covered companies’ filings.
Risks
What could go wrong?
4 of 44 risk factors, one per theme.
Competition
“Existing and increased competition and rapidly evolving technological changes may reduce our revenue and profits.”
Item 1A · Risk Factors · 10-K · 0000769397-26-000015 · filed Mar 3, 2026
Trade, government policy and geopolitics
“Global economic and political conditions may further impact our industries, business, and financial results.”
Item 1A · Risk Factors · 10-K · 0000769397-26-000015 · filed Mar 3, 2026
AI and new products
“Our strategy to develop and introduce new products and services exposes us to risks such as limited customer acceptance (both with new and existing customers), costs related to product defects, and large expenditures, each of which may result in no additional net revenue or decreased net revenue.”
Item 1A · Risk Factors · 10-K · 0000769397-26-000015 · filed Mar 3, 2026
Acquisitions
“Our business could be adversely impacted by the costs and challenges associated with strategic acquisitions and investments.”
Item 1A · Risk Factors · 10-K · 0000769397-26-000015 · filed Mar 3, 2026
Source and method
Short verbatim quotes from the risk factors in Item 1A, one per theme (a partial selection). Full list: 10-K.
Who’s invested
Who owns more than 5%?
BlackRock, Inc. holds 11%.
BlackRock, Inc.11%
13G/A · as of Jun 30, 2026 · filed Jul 8, 2026
Vanguard Capital Management LLC7.52%
13G · as of Mar 31, 2026 · filed Apr 29, 2026
Vanguard Portfolio Management LLC5.52%
13G · as of Jun 30, 2026 · filed Jul 31, 2026
Source and method
Holders above 5% from Schedule 13G/13D, SEC filings only.
7 filings reporting a stake below 5% (e.g. after selling) not listed.
13F holders and insider trades ›
Largest institutional holders, 13F, quarter ending Jun 30, 2026
BlackRock, Inc.12.2%
24.8M shares · 13F filed Aug 7, 2026 · share of 13F-reported
Vanguard Capital Management LLC6.8%
13.8M shares · 13F filed Aug 13, 2026 · share of 13F-reported
Vanguard Portfolio Management LLC5.7%
11.6M shares · 13F filed Aug 13, 2026 · share of 13F-reported
State Street Corp5.1%
10.3M shares · 13F filed Aug 7, 2026 · share of 13F-reported
Invesco Ltd.3.9%
7.8M shares · 13F filed Aug 14, 2026 · share of 13F-reported
1,193 13F filers report positions. 13F covers managers with over $100M in US equities; it is not a full shareholder list, and shares are not a percentage of shares outstanding.
Insiders, last 12 months (Form 4, open market)
5 purchases · 0 sales · $0.00 sold
Grants, gifts and tax withholding counted separately · window Oct 13, 2025 – Oct 13, 2026
All metrics
All metrics · 35 SEC metrics, FY2017–FY2026
Income statement 12
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue | ||||||||||
| D&A | ||||||||||
| G&A | ||||||||||
| Gross profit | ||||||||||
| Income taxes | ||||||||||
| Interest expense | not reported | not reported | not reported | not reported | not reported | not reported | ||||
| Net income | ||||||||||
| Operating income | ||||||||||
| Research and development | ||||||||||
| Revenue | ||||||||||
| SG&A calc. | ||||||||||
| Sales & marketing | ||||||||||
Balance sheet 9
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | ||||||||||
| Current liabilities | ||||||||||
| Current portion of long-term debt | ||||||||||
| Equity | ||||||||||
| Equity incl. NCI | ||||||||||
| Long-term debt | ||||||||||
| Total assets | ||||||||||
| Total debt calc. | ||||||||||
| Total liabilities & equity | ||||||||||
Cash flow 7
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Buybacks | ||||||||||
| Capex | not reported | not reported | ||||||||
| Dividends | not reported | not reported | ||||||||
| Free cash flow calc. | not reported | not reported | ||||||||
| Interest paid | ||||||||||
| Operating cash flow | ||||||||||
| Stock-based compensation | ||||||||||
Per share & shares 4
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| EPS basic | ||||||||||
| EPS diluted | ||||||||||
| Wtd. shares basic | ||||||||||
| Wtd. shares diluted | ||||||||||
Other 3
| Metric | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Other income (incl. interest) calc. | ||||||||||
| Pretax income | ||||||||||
| Short-term borrowings / commercial paper | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | |
Method
extractive: verbatim sentences selected by rules from Item 1, 1A and 7; no AI summary; every sentence matched verbatim against the filing text. Numbers: Hollsteen SEC dataset. Every value opens its SEC source · version history of all values