Autodesk, Inc. stock research
FY2026 Q3
Autodesk (ADSK) Gross Margin — Quarter Ended Oct 31, 2025
Revenue, gross profit, and cost of revenue all increased compared to the prior quarter and the same quarter last year. Gross margin improved slightly, reflecting that revenue growth outpaced cost of revenue growth.
Gross margin takeaway
Quarter ended Oct 31, 2025 · FY2026 Q3
Revenue, gross profit, and cost of revenue all increased compared to the prior quarter and the same quarter last year. Gross margin improved slightly, reflecting that revenue growth outpaced cost of revenue growth.
- The strongest observable driver is the relationship between revenue and cost of revenue: revenue increased at a faster rate than cost of revenue, leading to a higher gross margin.
- Compared to the preceding quarter, gross margin was slightly higher; compared to the same quarter one year earlier, gross margin was also higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
91.1%
Gross profit
$1.7B
Revenue
$1.9B
Cost of revenue
$165.0M
Quarter-over-quarter change
+0.1 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 |
|---|---|---|---|---|
| Jan 31, 2025 | $1.6B | $1.5B | $154.0M | 90.6% |
| Apr 30, 2025 | $1.6B | $1.5B | $160.0M | 90.2% |
| Jul 31, 2025 | $1.8B | $1.6B | $159.0M | 91.0% |
| Oct 31, 2025 | $1.9B | $1.7B | $165.0M | 91.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jul 31, 2025
+0.1 pts
Year-over-year change
Oct 31, 2024
+0.5 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the relationship between revenue and cost of revenue: revenue increased at a faster rate than cost of revenue, leading to a higher gross margin.
Compared to the preceding quarter, gross margin was slightly higher; compared to the same quarter one year earlier, gross margin was also higher.
Monitor whether cost of revenue growth continues to lag revenue growth, as this has been a key factor in margin improvement.