Autodesk, Inc. stock research
FY2026 Q1
Autodesk (ADSK) Gross Margin — Quarter Ended Apr 30, 2025
Revenue and cost of revenue together determine gross profit, which as a percentage of revenue yields the gross margin. In this quarter, gross margin remained high despite a slight increase in cost of revenue relative to the prior quarter, while revenue was stable.
Gross margin takeaway
Quarter ended Apr 30, 2025 · FY2026 Q1
Revenue and cost of revenue together determine gross profit, which as a percentage of revenue yields the gross margin. In this quarter, gross margin remained high despite a slight increase in cost of revenue relative to the prior quarter, while revenue was stable.
- The strongest observable driver is the change in cost of revenue, which increased from the prior quarter while revenue was unchanged, leading to a slight reduction in gross margin.
- Compared to the prior quarter, gross margin weakened slightly as cost of revenue increased while revenue was stable. Compared to the same quarter a year earlier, gross margin was essentially stable, with a larger revenue base and proportionally higher cost of revenue.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
90.2%
Gross profit
$1.5B
Revenue
$1.6B
Cost of revenue
$160.0M
Quarter-over-quarter change
-0.4 pts
Year-over-year change
-0.1 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 |
|---|---|---|---|---|
| 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% |
| Apr 30, 2025 | $1.6B | $1.5B | $160.0M | 90.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jan 31, 2025
-0.4 pts
Year-over-year change
Apr 30, 2024
-0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the change in cost of revenue, which increased from the prior quarter while revenue was unchanged, leading to a slight reduction in gross margin.
Compared to the prior quarter, gross margin weakened slightly as cost of revenue increased while revenue was stable. Compared to the same quarter a year earlier, gross margin was essentially stable, with a larger revenue base and proportionally higher cost of revenue.
Monitor the trajectory of cost of revenue relative to revenue growth, as the company's filing notes risks including macroeconomic factors and the transition to annual billings that could affect future results.