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AutodeskADSK

Legal name
Autodesk, Inc.
Sector
Technology
Industry
Services-Prepackaged Software
Exchange
Nasdaq

Stock Price $ADSK

Latest filings

You are here#48 of 88 in Technology by market cap

Filing record · 2016–202610-K1110-Q328-K113

ADSK filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 113 current reports (8-K) between 2016 and 2026.

  1. FY2016 annual report10-K · Mar ’16Mar ’16
  2. Deal closed8-K · Dec ’18Dec ’18
  3. Leadership change8-K · May ’21May ’21
  4. Leadership change8-K · Jun ’25Jun ’25

01—Key figures

Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026
Source: 10-KFY2026

Revenue Trend

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

  19. $7.21B
YoY changeLargest recent move+27.4%in FY20Latest +17.5%

Latest bar from 10-KFY2026Click a bar to open its SEC filing

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All ADSK Financial Metrics57 metrics

Income Statement17

Balance Sheet23

Cash Flow13

Per Share4

02—Overview

Autodesk Financial Overview 2022–2026

Updated Nov 3, 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 billiona 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 $311.34b 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 (Q1 and Q2 2027)

Autodesk raised full-year guidance twice and closed MaintainX on August 3, 2026. Q2 2027 revenue reached $2.05 billionc, up 16% versus 18% growth in Q1 2027. Non-GAAP operating margin rose to 41% from 39%. Billings growth slowed to 10% from 18%, and RPO growth slowed to 2% from 9%. Autodesk replaced a $1.0 billion bridge term loan with 5.050% 2029 and 5.650% 2033 senior notes issued in September 2026.

Bull case: Make revenue grew 26%, margins are widening, and FY27 revenue guidance now sits at $8.295–$8.345 billiond. Bear case: slowing billings and RPO, a $150 million retention grant for MaintainX staff, and higher debt cost pressure a stock at 49.8x earnings as of the Q2 2027 report date of August 27, 2026, not today.

What to watch: RPO and billings growth recovering from Q2 2027 lows; MaintainX integration costs and its contribution to margins

03—Filings

Recent SEC Filings

  1. 8-KAutodesk 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.
  2. 8-KAutodesk 8-K Report, Financial Results (Aug 27, 2026)Autodesk (ADSK) reported fiscal 2027 second quarter results (quarter ended July 31, 2026) with total revenue of $2.05 billion, up 16% year over year as reported and 14% in constant currency. Billings grew 10% to $1.854 billion. GAAP diluted EPS was $2.33, up from $1.46 a year earlier, and non-GAAP diluted EPS was $3.30, up from roughly $2.62 implied by the stated $0.68 increase. GAAP operating margin expanded 4 points to 29% and non-GAAP operating margin rose 2 points to 41%. Operating cash flow was $575 million and free cash flow was $561 million, up 24%. Growth was broad-based: Design revenue rose 16%, Make rose 26%, and AECO rose 17%. Management raised fiscal 2027 billings and revenue guidance, citing stronger underlying growth and the contribution from the MaintainX acquisition. Full-year billings are now guided to $8.575-$8.650 billion and revenue to $8.295-$8.345 billion. Non-GAAP operating margin guidance is unchanged at about 39%, as operating leverage and go-to-market optimization are offset by MaintainX margin dilution. Free cash flow guidance was narrowed to $2.725-$2.750 billion, which includes roughly $45 million of MaintainX transaction expenses. The GAAP operating margin guidance of 25%-27% and the Q3 revenue guidance of $2.125-$2.140 billion are also relevant to the outlook. Two items warrant investor attention. Unbilled deferred revenue fell 8% and remaining performance obligations grew only 2%, which management attributes to the deliberate wind-down of multi-year discounting and Maintenance-to-Subscription renewals. The company also took on significant debt: short-term debt of $994 million and current notes payable of $499 million appear on the balance sheet, and the company repurchased $901 million of stock during the first half. Cash and equivalents rose to $4.1 billion, but accounts receivable fell sharply to $684 million from $1.439 billion at fiscal year-end, which is a seasonal pattern that should be read with care.
  3. 8-KAutodesk 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.
  4. 8-KAutodesk 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.
  5. 8-KAutodesk 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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04—See also

Related Companies

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