Autodesk Q3 2025 Earnings Report
Key Takeaways
Autodesk reported an 11% increase in total revenue to $1.57 billion and a 28% increase in total billings to $1.54 billion. The company raised the midpoints of its billings, revenue, margins, earnings per share, and free cash flow guidance ranges.
Total revenue increased 11 percent to $1.57 billion.
GAAP operating margin was 22 percent, down 2 percentage points.
Non-GAAP operating margin was 36 percent, down 3 percentage points.
Total billings increased 28 percent to $1.54 billion.
Autodesk
Autodesk
Autodesk Revenue by Geographic Location
Forward Guidance
Autodesk provided guidance for the fourth quarter of fiscal year 2025, with revenue expected to be between $1.623 billion and $1.638 billion, GAAP EPS between $1.21 and $1.27, and non-GAAP EPS between $2.10 and $2.16. Full year fiscal 2025 guidance includes billings between $5.900 billion and $5.980 billion, revenue between $6.115 billion and $6.130 billion, GAAP operating margin between 21.5% and 22%, non-GAAP operating margin between 35.5% and 36%, GAAP EPS between $4.95 and $5.01, non-GAAP EPS between $8.29 and $8.35, and free cash flow between $1.470 billion and $1.500 billion.
Positive Outlook
- Revenue (in millions): $1,623 - $1,638
- EPS GAAP: $1.21 - $1.27
- EPS non-GAAP: $2.10 - $2.16
- Billings (in millions): $5,900 - $5,980
- Free cash flow (in millions): $1,470 - $1,500
Challenges Ahead
- The business outlook considers the current economic environment and foreign exchange currency rate environment.
- Global economic and political conditions, including changes in monetary and fiscal policy, foreign exchange headwinds, recessionary fears, supply chain disruptions, resulting inflationary pressures and hiring conditions.
- Geopolitical tension and armed conflicts, and extreme weather events.
- Costs and challenges associated with strategic acquisitions and investments.
- Inability to predict subscription renewal rates and their impact on our future revenue and operating results
Revenue & Expenses
Visualization of income flow from segment revenue to net income