Autodesk, Inc. stock research
FY2026 Q4
Autodesk (ADSK) Gross Margin — Quarter Ended Jan 31, 2026
Revenue increased, gross profit increased, cost of revenue increased slightly, and gross margin improved. The relationship shows that revenue growth outpaced the growth in cost of revenue, expanding profitability.
Gross margin takeaway
Quarter ended Jan 31, 2026 · FY2026 Q4
Revenue increased, gross profit increased, cost of revenue increased slightly, and gross margin improved. The relationship shows that revenue growth outpaced the growth in cost of revenue, expanding profitability.
- The strongest observable margin driver is the revenue increase relative to the cost of revenue. Revenue rose while cost of revenue remained nearly flat, allowing gross margin to expand.
- Compared to the prior quarter, revenue and gross profit were higher, cost of revenue was slightly higher, and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
91.5%
Gross profit
$1.8B
Revenue
$2.0B
Cost of revenue
$166.0M
Quarter-over-quarter change
+0.4 pts
Year-over-year change
+0.9 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, 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% |
| Jan 31, 2026 | $2.0B | $1.8B | $166.0M | 91.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Oct 31, 2025
+0.4 pts
Year-over-year change
Jan 31, 2025
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the revenue increase relative to the cost of revenue. Revenue rose while cost of revenue remained nearly flat, allowing gross margin to expand.
Compared to the prior quarter, revenue and gross profit were higher, cost of revenue was slightly higher, and gross margin improved. Compared to the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin also improved.
Monitor the potential impact of macroeconomic risks such as supply chain disruptions and inflationary pressures as noted in the management discussion, which may affect future cost trends.