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Equity Compensation (Tables)
3 Months Ended
Apr. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Summary of Restricted Stock Activity
A summary of restricted stock activity for the three months ended April 30, 2024, is as follows:
Unvested
restricted
stock units
Weighted
average grant
date fair value
per share
 (in thousands) 
Unvested restricted stock units at January 31, 20245,371 $203.87 
Granted2,280 239.60 
Vested(1,527)207.80 
Canceled/Forfeited(92)205.06 
        Performance Adjustment (1)(32)194.63 
Unvested restricted stock units at April 30, 2024
6,000 $217.06 
_______________
(1)Based on Autodesk's financial results and relative total stockholder return for the fiscal 2024 performance period. The performance stock units were attained at rates ranging from 75% to 96% of the target award.
Schedule of Summary of the ESPP Activity
A summary of the ESPP activity for the three months ended April 30, 2024 and 2023, is as follows:
Three Months Ended April 30,
20242023
Issued shares (in thousands)433 434 
Average price of issued shares$164.81 $163.59 
Weighted average grant date fair value of shares granted under the ESPP (1)$79.14 $71.34 
 _______________
(1)Calculated as of the award grant date using the Black-Scholes Merton (“BSM”) option pricing model.
Schedule of Stock-based Compensation Expense
The following table summarizes stock-based compensation expense for the three months ended April 30, 2024 and 2023, as follows:
Three Months Ended April 30,
20242023
Cost of subscription and maintenance revenue$$
Cost of other revenue
Marketing and sales53 62 
Research and development66 69 
General and administrative18 22 
Stock-based compensation expense related to stock awards and ESPP purchases
149 165 
Tax (benefit) expense(15)
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax
$134 $166 
Schedule of Assumptions to Estimate the Fair Value of Stock-based Awards Autodesk uses the following assumptions to estimate the fair value of stock-based awards:
Three Months Ended April 30, 2024Three Months Ended April 30, 2023
Performance Stock Units (1)ESPP Performance Stock Units ESPP
Range of expected volatility
N/A
28.7 - 34.5%
40.9 - 42.5%
40.0 - 42.4%
Range of expected lives (in years)N/A
0.5- 2.0
N/A
0.5 - 2.0
Expected dividendsN/A—%—%—%
Range of risk-free interest rates
N/A
4.6 - 5.4%
4.3 - 4.7%
4.3 - 5.0%
(1)There were no performance stock units granted during the three months ended April 30, 2024, where the fair value was estimated by a Monte Carlo simulation.