Autodesk, Inc. stock research
FY2025 Q4
Autodesk (ADSK) Gross Margin — Quarter Ended Jan 31, 2025
Revenue was stable compared to the prior quarter, while gross profit and cost of revenue both increased, resulting in an unchanged gross margin. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin was slightly lower.
Gross margin takeaway
Quarter ended Jan 31, 2025 · FY2025 Q4
Revenue was stable compared to the prior quarter, while gross profit and cost of revenue both increased, resulting in an unchanged gross margin. Compared to the same quarter last year, revenue and gross profit were higher, cost of revenue was higher, and gross margin was slightly lower.
- The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue growth outpaced cost growth compared to the prior year, but cost increased more relative to revenue on a sequential basis, keeping gross margin stable quarter over quarter.
- Compared to the immediately preceding quarter, gross margin was stable. Compared to the same quarter one year earlier, gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
90.6%
Gross profit
$1.5B
Revenue
$1.6B
Cost of revenue
$154.0M
Quarter-over-quarter change
-0.0 pts
Year-over-year change
-0.5 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Apr 30, 2024 | $1.4B | $1.3B | $137.0M | 90.3% |
| Jul 31, 2024 | $1.5B | $1.4B | $140.0M | 90.7% |
| Oct 31, 2024 | $1.6B | $1.4B | $147.0M | 90.6% |
| Jan 31, 2025 | $1.6B | $1.5B | $154.0M | 90.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Oct 31, 2024
-0.0 pts
Year-over-year change
Jan 31, 2024
-0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the relationship between revenue and cost of revenue: revenue growth outpaced cost growth compared to the prior year, but cost increased more relative to revenue on a sequential basis, keeping gross margin stable quarter over quarter.
Compared to the immediately preceding quarter, gross margin was stable. Compared to the same quarter one year earlier, gross margin was slightly lower.
Monitor the trend in cost of revenue relative to revenue, as cost growth outpaced revenue growth sequentially.