Stock Repurchase Program

12 Months Ended

Jan. 31, 2024

Equity [Abstract]

Stock Repurchase Program

Stock Repurchase Program

Autodesk has stock repurchase programs that are used to offset dilution from the issuance of stock under the Company’s employee stock plans and for such other purposes as may be in the interests of Autodesk and its stockholders, which has the effect of returning excess cash generated from the Company’s business to stockholders. Autodesk repurchased and retired 4 million shares in fiscal 2024 at an average repurchase price of $201.54 per share, 5 million shares in fiscal 2023 at an average repurchase price of $198.51 per share, and 4 million shares in fiscal 2022 at an average repurchase price of $275.50 per share.

At January 31, 2024, $4.74 billion remained available for repurchase under the November 2022 repurchase program approved by the Board of Directors. The share repurchase program does not have an expiration date and the pace and timing of repurchases will depend on factors such as cash generation from operations, available surplus, the volume of employee stock plan activity, remaining shares available in the authorized pool, cash requirements for acquisitions, cash requirements to retire outstanding debt, economic and market conditions, stock price, and legal and regulatory requirements.