Summary
Autodesk, Inc. reported strong financial results for the three and six months ended July 31, 2025. Total net revenue increased by 17% and 16% respectively, driven primarily by subscription revenue growth. The company continues its successful transition to a subscription-based model, with recurring revenue making up 98% and 97% of total net revenue for the respective periods. Profitability also saw improvement, with income from operations increasing significantly year-over-year, reflecting effective cost management and increased revenue. Key financial highlights include robust revenue growth across product families, particularly in Architecture, Engineering, Construction and Operations (AECO). The company also reported a healthy net revenue retention rate above 110% on a constant currency basis. Autodesk strengthened its financial position with a substantial increase in cash provided by operating activities and maintained a strong liquidity position. The company also announced the successful closure of SEC and USAO investigations, providing regulatory clarity. Shareholder returns were supported by ongoing stock repurchase programs.
Financial Highlights
51 data points| Revenue | $1.76B |
| Cost of Revenue | $159.00M |
| Gross Profit | $1.60B |
| R&D Expenses | $413.00M |
| Operating Expenses | $1.16B |
| Operating Income | $444.00M |
| Interest Expense | $19.00M |
| Net Income | $313.00M |
| EPS (Basic) | $1.47 |
| EPS (Diluted) | $1.46 |
| Shares Outstanding (Basic) | 213.00M |
| Shares Outstanding (Diluted) | 215.00M |
Key Highlights
- 1Total net revenue increased by 17% to $1.76 billion for the three months ended July 31, 2025, and by 16% to $3.40 billion for the six months ended July 31, 2025, compared to the prior year periods.
- 2Subscription revenue was the primary driver of growth, increasing 18% and 17% for the three and six months ended July 31, 2025, respectively.
- 3Recurring revenue represented 98% and 97% of total net revenue for the three and six months ended July 31, 2025, respectively, indicating a strong subscription-based business model.
- 4Income from operations increased significantly by 29% to $444 million for the three months and 20% to $677 million for the six months ended July 31, 2025, compared to the prior year periods.
- 5Net cash provided by operating activities was strong at $1.02 billion for the six months ended July 31, 2025, up from $706 million in the prior year.
- 6Net revenue retention rate (NR3) was above 110% on a constant currency basis as of July 31, 2025, indicating strong customer retention and expansion.
- 7Autodesk announced the closure of SEC and USAO investigations regarding free cash flow and non-GAAP operating margin practices, providing positive regulatory clarity.