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How Autodesk (ADSK) makes money
Autodesk (ADSK) made $2.0B of revenue in the second quarter fiscal 2027 (Q2 FY27), +15% from a year earlier. Subscription and Circulation brought in $2.0B (95%); Product and Service, Other brought in $94.0M (5%). Of every dollar of revenue, 91¢ was left as gross profit, 29¢ was left as operating profit, 24¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 FY27
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Subscription and Circulation | $2.0B | 95.4% | — | +16% |
| ↳ Architecture, Engineering, Construction and Operations | $1.0B | 50.2% | — | +17% |
| ↳ AutoCAD and AutoCAD LT Family | $500M | 24.4% | — | +14% |
| ↳ Manufacturing | $385M | 18.8% | — | +15% |
| ↳ Other | $40.0M | 2.0% | — | +29% |
| Product and Service, Other | $94.0M | 4.6% | — | -2% |
Where each dollar of revenue goes
| Line | Q2 FY27 | % of revenue |
|---|---|---|
| Revenue | $2.0B | 100.0% |
| Cost of revenue | $176M | 8.6% |
| Gross profit | $1.9B | 91.3% |
| Operating expenses | $1.3B | 62.1% |
| Operating profit | $599M | 29.2% |
| Income tax | $101M | 4.9% |
| Net earnings | $492M | 24.0% |
| Operating cash flow | $575M | 28.1% |
| Free cash flow | $561M | 27.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 FY27 | $2.0B | +16% |
| Q1 FY27 | $1.9B | +18% |
| Q4 FY26 | $2.0B | +19% |
| Q3 FY26 | $1.9B | +18% |
| Q2 FY26 | $1.8B | +17% |
| Q1 FY26 | $1.6B | +15% |
| Q4 FY25 | $1.6B | +12% |
From Autodesk's 10-Q filed Aug 28, 2026 (on EDGAR).
Questions
How does Autodesk make money?
Autodesk (ADSK) made $2.0B of revenue in the second quarter fiscal 2027 (Q2 FY27), +15% from a year earlier. Subscription and Circulation brought in $2.0B (95%); Product and Service, Other brought in $94.0M (5%). Of every dollar of revenue, 91¢ was left as gross profit, 29¢ was left as operating profit, 24¢ was left as net earnings.
What is Autodesk's biggest business?
Subscription and Circulation: $2.0B in the second quarter fiscal 2027, 95% of revenue, +16% from a year earlier.
What is Autodesk's profit margin?
Net earnings were $492M, 24.0% of revenue, in the second quarter fiscal 2027; the operating margin was 29.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.