Equity Compensation (Tables)

6 Months Ended

Jul. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Summary of Restricted Stock Activity

A summary of restricted stock activity for the six months ended July 31, 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, 2024	5,371	$	203.87
Granted	2,813	241.37
Vested	(2,069)	206.42
Canceled/Forfeited	(194)	209.40
Performance Adjustment (1)	(33)	193.79
Unvested restricted stock units at July 31, 2024	5,888	$	221.51

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(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 six months ended July 31, 2024 and 2023, is as follows:

	Six Months Ended July 31,
	2024		2023
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 and six months ended July 31, 2024 and 2023, as follows:

	Three Months Ended July 31,				Six Months Ended July 31,
	2024		2023		2024		2023
Cost of subscription and maintenance revenue	$	9	$	10	$	18	$	19
Cost of other revenue	3		4		6		7
Marketing and sales	61		74		114		136
Research and development	76		86		142		155
General and administrative	21		23		39		45
Stock-based compensation expense related to stock awards and ESPP purchases	170		197		319		362
Tax (benefit) expense	(2)		2		(17)		3
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax	$	168	$	199	$	302	$	365

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:

	Six Months Ended July 31, 2024		Six Months Ended July 31, 2023
	Performance Stock Units	ESPP (1)	Performance Stock Units (2)	ESPP (2)
Range of expected volatilities	29.4 - 31.4%	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 dividends	—%	—%	—%	—%
Range of risk-free interest rates	5.2%	4.6 - 5.4%	4.3 - 4.7%	4.3 - 5.0%

(1)There were no ESPP awards granted during the three months ended July 31, 2024.

(2)There were no ESPP awards or performance stock units granted during the three months ended July 31, 2023.