Autodesk, Inc.ADSK

Autodesk, Inc. Financial Overview 2022–2026

Updated Jul 10, 2026

Autodesk operates with a near-impenetrable top line, locking in a massive 97% of its sales as recurring revenue. This subscription-first software model fuels immense cash generation, allowing the company to aggressively shrink its share count while funding multi-billion-dollar strategic acquisitions.

Total net revenue expanded from $4.39 billion in FY2022 to $7.21 billion in FY2026. Over this same period, Autodesk's cash flow from operations surged from $1.53 billion to $2.45 billion. The company converts this liquidity directly into shareholder returns, repurchasing $1.40 billion of its own stock in FY2026 alone. Customer loyalty remains entrenched, with net revenue retention rates exceeding 110% at the close of the fiscal year. To further optimize margins and redirect resources toward cloud and artificial intelligence integration, management executed multiple workforce reductions, including a 7% headcount cut announced in late FY2026.

At the close of FY2025, the market valued the enterprise at a steep 60.8x earnings multiple, with the stock trading at $311.34 for a $66.6 billion market capitalization. The stock price later retreated to $252.87 by the end of FY2026, despite an 18% acceleration in annual revenue growth. Capitalizing on its robust balance sheet, the company entered Q1 2027 with surging profitability—posting $541 million in operating income—and immediately utilized its financial leverage to execute a definitive $3.6 billion acquisition of MaintainX.

Recent Developments (Q4 2026 and Q1 2027)

Autodesk sustained top-line momentum in Q1 2027, generating $1.93 billion in total net revenue. Bottom-line performance expanded, with diluted net income per share jumping to $2.32 from $0.70 in the prior-year period. This execution yielded $893 million in quarterly operating cash flow. Forward demand remains visible, with Remaining Performance Obligations increasing 20% to $8.30 billion. To structure financing for its incoming software acquisitions, management upsized its revolving credit facility to $2 billion and established a new $1.0 billion term loan. The company also altered its board composition, nominating Omar Abbosh to replace retiring director Stephen Milligan.

Bulls note that accelerating quarterly earnings and backlog expansion support the valuation at 45.2x earnings as of May 29, 2026. Bears caution that activating a new billion-dollar debt facility adds interest expenses and balance sheet risk.

What to watch: target closing timelines for the upcoming merger; impact of term loan interest rates on net income margins.

Rev

$7.21B

+17.5% YoY

FY2026

NI

$1.12B

+1.1% YoY

FY2026

EPS

$5.28

+2.1% YoY

FY2026

OCF

$2.45B

+52.6% YoY

FY2026

Revenue Trend
Beta

Year-over-year comparison from 10-K annual reports

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Data from SEC Company Facts

All ADSK Financial Metrics(57)

Recent SEC Filings

Autodesk, Inc. 8-K Report, Material Agreement (Sep 10, 2026)

Autodesk, Inc. (ADSK) has announced the successful issuance and sale of $1 billion in aggregate principal amount of senior notes through a public offering. This debt issuance comprises $500 million of 5.050% Notes due 2029 and $500 million of 5.650% Notes due 2033. The primary purpose of this offering is to refinance existing debt, specifically to repay $1.0 billion under its Term Loan Credit Agreement dated June 15, 2026. This strategic move indicates Autodesk's proactive management of its capital structure and debt obligations. The company entered into an underwriting agreement with a syndicate of underwriters led by Morgan Stanley, BNP Paribas Securities Corp., and Citigroup Global Markets Inc. The notes are governed by an indenture, with customary covenants and events of default outlined. Investors should note the potential for a change in control offer to repurchase the notes and the company's option to redeem them. This offering, filed under a Form S-3 registration statement, provides Autodesk with significant liquidity and allows for a more favorable debt maturity profile.

Autodesk, Inc. 8-K Report, Financial Results (Aug 27, 2026)

Autodesk, Inc. (ADSK) has filed an 8-K on August 27, 2026, to report its financial results for the second fiscal quarter ended July 31, 2026. The company issued a press release (Exhibit 99.1) detailing these results, which is furnished as part of this filing. Investors should note that this information is provided for informational purposes and is not considered 'filed' for purposes of Section 18 of the Exchange Act, nor is it incorporated by reference into other SEC filings unless specifically stated. Additionally, Autodesk announced on the same date that it has posted supplemental investor materials on its investors.autodesk.com website. The company utilizes its investor relations website as a primary channel for disclosing material non-public information and complying with Regulation FD. Investors are encouraged to monitor this website for ongoing updates, alongside traditional disclosures like press releases and SEC filings.

Autodesk, Inc. 8-K Report, Corporate Update (Aug 3, 2026)

Autodesk, Inc. (ADSK) announced the successful completion of its previously disclosed acquisition of MaintainX Inc. on August 3, 2026. This strategic move, formalized by an Agreement and Plan of Merger dated May 28, 2026, signifies Autodesk's intent to expand its product portfolio and market reach within the software industry. While specific financial terms of the acquisition were not detailed in this 8-K filing, the closing of this deal is a significant event that investors should monitor for future integration and synergy realization. The acquisition of MaintainX, a company in a complementary sector, is expected to bolster Autodesk's offerings and potentially drive future revenue growth. Investors will be looking for subsequent filings and management commentary to understand the financial impact, including any potential impact on earnings per share, and the strategic rationale behind this integration. The filing confirms the completion of the transaction, which was a key development anticipated by the market.

Autodesk, Inc. 8-K Report, Corporate Update (Jul 13, 2026)

Autodesk, Inc. has announced the establishment of an unsecured commercial paper program with a maximum aggregate principal amount of $2.0 billion. This program allows the company to issue short-term debt notes with maturities up to 365 days to fund general corporate purposes, including partially financing the previously announced merger with Matterhorn Acquisition Corp. The commercial paper program is backed by the company's existing $2.0 billion unsecured revolving credit facility, providing a layer of financial flexibility. While no notes have been issued yet, this initiative suggests Autodesk is proactively managing its liquidity and financing strategy to support its growth initiatives and strategic acquisitions. Investors should monitor the company's utilization of this program and its impact on its debt structure and cash flow.

Autodesk, Inc. 8-K Report, Bylaw Amendment (Jun 18, 2026)

Autodesk, Inc. (ADSK) filed an 8-K on June 18, 2026, detailing key outcomes from its Annual Meeting of Stockholders held on June 17, 2026. The primary events include the approval of an amendment to the Certificate of Incorporation to implement officer exculpation, a measure permitted by Delaware law designed to protect corporate officers from certain liabilities. Additionally, the filing confirms the election of eleven individuals to the Board of Directors, with all nominees receiving substantial support from shareholders. The ratification of Ernst & Young LLP as the independent auditor and the advisory approval of executive compensation were also approved. Investors should note the overwhelming support for the director nominees, indicating confidence in the current leadership. The implementation of officer exculpation, while largely a procedural governance enhancement aligned with Delaware statutes, is presented as a measure approved by stockholders and described in detail in the company's proxy statement. The rejection of a specific stockholder proposal regarding amendment to special meeting rights suggests that the majority of voting power favored the current corporate governance framework.

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