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Autodesk (ADSK) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Aug 28, 2026 · Autodesk (ADSK) Q2 FY27 earnings results →

Q2 FY27 Revenue up 16% year over year to $2.0B · 24¢ of every $1 of revenue kept as net profit · operating margin 29.3%

Autodesk made $2.0B in Q2 FY27 (+16% Y/Y): Subscription and Circulation $2.0B, Product and Service, Other $94.0M. Operating margin 29.3%, net earnings $492M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 28, 2026.

Revenue$2.0B
Year over year+16%
Operating margin29.3%
Net earnings$492M
Operating cash flow$575M

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Autodesk Q2 FY27 revenue breakdown: Sankey diagram of revenue (Subscription and Circulation, Product and Service, Other), costs, profit and cash flow
Autodesk Q2 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $2.0B in Q2 FY27, up 16% year over year and up 6% from the previous quarter. Architecture, Engineering, Construction and Operations was the largest line at 50% of revenue. Architecture, Engineering, Construction and Operations added $0.15B year over year (up 17%), 53% of the total change. Product and Service, Other declined 2%.

Gross margin was 91.4%, up 0.4 points from Q2 FY26. Operating profit was $0.60B, a 29.3% margin (up 4.1 points year over year). Of the extra revenue versus Q2 FY26, 55% reached operating profit, above the 25% margin then. Operating expenses grew 10% against revenue growth of 16%. The fastest-growing cost line was Research & development (+12%). Net earnings were $0.49B, up 57% year over year. The effective tax rate was 17.0%.

Operating cash flow was $0.57B (up 25% year over year), 117% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.18B of share-based compensation. Working capital and other items used $0.15B. After capital expenditures ($0.01B), free cash flow as the company reports it was $0.56B.

Quarterly history

Autodesk revenue by quarterAutodesk revenue by quarter$1.6BQ4 FY25$1.6BQ1 FY26$1.8BQ2 FY26$1.9BQ3 FY26$2.0BQ4 FY26$1.9BQ1 FY27$2.0BQ2 FY27
Autodesk net earnings by quarterAutodesk net earnings by quarter$303MQ4 FY25$152MQ1 FY26$313MQ2 FY26$343MQ3 FY26$316MQ4 FY26$491MQ1 FY27$492MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QAug 28, 2026$2.0B+16%29.3%$492M$575M
Q1 FY2710-QMay 29, 2026$1.9B+18%28.0%$491M$893M
Q4 FY2610-KMar 3, 2026$2.0B+19%22.0%$316M$989M
Q3 FY2610-QNov 26, 2025$1.9B+18%25.4%$343M$439M
Q2 FY2610-QSep 2, 2025$1.8B+17%25.2%$313M$460M
Q1 FY2610-QMay 29, 2025$1.6B+15%14.3%$152M$564M
Q4 FY2510-KMar 6, 2025$1.6B+12%22.3%$303M$692M

Charts

Autodesk: revenue growth, year over year and quarter over quarterAutodesk: revenue growth, year over year and quarter over quarterY/YQ/Q+12%Q4 FY25+15%0%Q1 FY26+17%+8%Q2 FY26+18%+5%Q3 FY26+19%+6%Q4 FY26+18%-1%Q1 FY27+16%+6%Q2 FY27
Latest (Q2 FY27): Y/Y +16%, Q/Q +6%.
Autodesk: where the cash came from (+) and went (−), TTM to Q2 FY27Autodesk: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$2.9BCash drawn (+) / kept (−)−$2.1BBuybacks−$1.6BNet borrowing (+) / repaid (−)$993MTaxes on employees’ shares−$256MShares issued$138MCapital spending−$57.0MAcquisitions−$55.0MOther investing$34.0MOther financing−$7.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Autodesk: profit against cash, quarter by quarterAutodesk: profit against cash, quarter by quarterNet incomeOperating cash flow$275M$209MQ3 FY25$303M$692MQ4 FY25$152M$564MQ1 FY26$313M$460MQ2 FY26$343M$439MQ3 FY26$316M$989MQ4 FY26$491M$893MQ1 FY27$492M$575MQ2 FY27
Latest (Q2 FY27): Net income $492M, Operating cash flow $575M.
Autodesk: diluted shares by fiscal yearAutodesk: diluted shares by fiscal year222MFY21222MFY22218MFY23216MFY24217MFY25215MFY26
-3.2% since FY21: buybacks shrank the count.
Autodesk: long-term debt falling due (FY26)Autodesk: long-term debt falling due (FY26)$500M2028$500M2030$1.5BLater
Cash $2.2B, short-term investments $348M, long-term debt $2.5B at 2026-01-31.
Autodesk in its industry: growth against margin (192 companies, SIC 7372)Autodesk in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYADSK (+16%, 29%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

About Autodesk

We are a global leader in 3D design, engineering and entertainment technology solutions, spanning architecture, engineering, construction, product design, manufacturing, media, and entertainment. 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.

In its own words, from its 10-K, filed Mar 3, 2026.

Autodesk against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +16% against the peers' median +16%. Operating margin: 29.3% against the peers' median 20.5%.

CompanyQuarterRevenueY/YOp. margin
ADSK AutodeskQ2 FY27$2.0B+16%29.3%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Autodesk 10-Q on SEC EDGAR · CIK 769397 · Services-Prepackaged Software

Guidance and outlook

Autodesk Revenue: guidance against what was reportedAutodesk Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 FY26$1.8BQ3 FY26$1.9BFY26$7.2BQ4 FY26$2.0BFY27Q1 FY27$1.9BQ2 FY27$2.0BQ3 FY27
Met or beat 9 of 9 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Autodesk GAAP operating margin: guidance against what was reportedAutodesk GAAP operating margin: guidance against what was reportedguided rangereported (above / within / below)FY2522.1%FY2621.9%FY27
Met or beat 1 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns ADSK and who is buying

Largest holders of ADSK (13F)Largest holders of ADSK (13F)Vanguard Group$6.4BBlackRock$4.8BVanguard Capital Management LLC$2.7BVanguard Portfolio Management LLC$2.3BState Street$2.0BInvesco$1.5BGeode Capital Management, LLC$1.3BLoomis Sayles & Co L P$1.2BNinety One UK$768MFMR LLC$740M
Funds' net buying of ADSK by quarter (13F)Funds' net buying of ADSK by quarter (13F)−$614M2024-09−$975M2024-12−$419M2025-03$735M2025-06$485M2025-09$135M2025-12−$888M2026-03$812M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ADSK

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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中文版：Autodesk（ADSK）财报

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