Revenue Recognition

12 Months Ended

Jan. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenue Disaggregation

Autodesk recognizes revenue from the sale of (1) product subscriptions, cloud service offerings, and EBAs, (2) renewal fees for existing maintenance plan agreements that were initially purchased with a perpetual software license, and (3) consulting and other products and services. The three categories are presented as line items on Autodesk’s Consolidated Statements of Operations.

Information regarding the components of Autodesk’s net revenue from contracts with customers by product family, geographic location, sales channel, and product type was as follows: 

	Fiscal Year ended January 31,
	2024		2023		2022
Net revenue by product family:
Architecture, Engineering and Construction	$	2,580	$	2,278	$	1,969
AutoCAD and AutoCAD LT	1,462		1,387		1,244
Manufacturing	1,063		978		876
Media and Entertainment	295		291		259
Other	97		71		38
Total net revenue	$	5,497	$	5,005	$	4,386
Net revenue by geographic area:
Americas
U.S.	$	1,978	$	1,720	$	1,457
Other Americas	460		372		308
Total Americas	2,438		2,092		1,765
Europe, Middle East and Africa	2,042		1,906		1,700
Asia Pacific	1,017		1,007		921
Total net revenue	$	5,497	$	5,005	$	4,386
Net revenue by sales channel:
Indirect	$	3,444	$	3,250	$	2,849
Direct	2,053		1,755		1,537
Total net revenue	$	5,497	$	5,005	$	4,386
Net revenue by product type:
Design	$	4,647	$	4,264	$	3,772
Make	523		452		364
Other	327		289		250
Total net revenue	$	5,497	$	5,005	$	4,386

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Payments for product subscriptions, cloud subscriptions, and maintenance subscriptions are typically due in annual installments or up front with payment terms of 30 to 45 days. Payments on EBAs are typically due in annual installments over the contract term, with payment terms of 30 to 60 days. Autodesk does not have any material variable consideration, such as obligations for returns, refunds, warranties, or amounts due to customers for which significant estimation or judgment is required as of the reporting date.

Remaining performance obligations consist of total short-term, long-term, and unbilled deferred revenue. As of January 31, 2024, Autodesk had remaining performance obligations of $6.11 billion, which represents the total contract price allocated to remaining performance obligations, which are generally recognized over the next three years. We expect to recognize $3.98 billion or 65% of our remaining performance obligations as revenue during the next 12 months. We expect to recognize the remaining $2.13 billion or 35% of our remaining performance obligations as revenue thereafter.

The amount of remaining performance obligations may be impacted by the specific timing, duration, and size of customer subscription and support agreements, the specific timing of customer renewals, and foreign currency fluctuations.

Contract Balances

We receive payments from customers based on a billing schedule as established in our contracts. Contract assets relate to performance completed in advance of scheduled billings. Contract assets were not material as of January 31, 2024. Deferred revenue relates to billings in advance of performance under the contract. The primary changes in our contract assets and deferred revenues are due to our performance under the contracts and billings.

Revenue recognized during the fiscal years ended January 31, 2024 and 2023, that was included in the deferred revenue balances at January 31, 2023 and 2022, was $3.20 billion and $2.85 billion, respectively. The satisfaction of performance obligations typically lags behind billings received under revenue contracts from customers.