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Equity Compensation (Tables)
9 Months Ended
Oct. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Summary of Restricted Stock Activity
A summary of restricted stock activity for the nine months ended October 31, 2023, is as follows:
Unvested
restricted
stock units
Weighted
average grant
date fair value
per share
 (in thousands) 
Unvested restricted stock units at January 31, 20234,848 $216.20 
Granted3,544 199.54 
Vested(2,334)216.56 
Canceled/Forfeited(261)212.95 
        Performance Adjustment (1)(11)189.41 
Unvested restricted stock units at October 31, 2023
5,786 $205.98 
_______________
(1)Based on Autodesk's financial results and relative total stockholder return for the fiscal 2023 performance period. The performance stock units were attained at rates ranging from 86% to 110% of the target award.
Schedule of Summary of the ESPP Activity
A summary of the ESPP activity for the three and nine months October 31, 2023 and 2022, is as follows:
Three Months Ended October 31,Nine Months Ended October 31,
2023202220232022
Issued shares (in thousands)357 363 791 740 
Average price of issued shares$164.30 $158.78 $163.91 $166.44 
Weighted average grant date fair value of shares granted under the ESPP (1)$67.29 $66.43 $68.70 $67.77 
 _______________
(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 nine months ended October 31, 2023 and 2022, as follows:
Three Months Ended October 31,Nine Months Ended October 31,
2023202220232022
Cost of subscription and maintenance revenue$$$28 $26 
Cost of other revenue11 
Marketing and sales66 68 202 199 
Research and development78 71 233 199 
General and administrative24 21 69 63 
Stock-based compensation expense related to stock awards and ESPP purchases
181 172 543 496 
Tax (benefit) expense(2)(2)
Stock-based compensation expense related to stock awards and ESPP purchases, net of tax
$179 $170 $544 $503 
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 October 31, 2023Three Months Ended October 31, 2022
Performance Stock Units ESPP Performance Stock Units ESPP
Range of expected volatility
N/A
29.4 - 37.4%
N/A
40.7 - 44.9%
Range of expected lives (in years)N/A
0.5- 2.0
N/A
0.5 - 2.0
Expected dividendsN/A—%N/A—%
Range of risk-free interest ratesN/A
5.0 -5.5%
N/A
3.7 - 3.9%
 Nine Months Ended October 31, 2023Nine Months Ended October 31, 2022
 Performance Stock UnitsESPPPerformance Stock UnitsESPP
Range of expected volatilities
40.9 - 42.5%
29.4 - 42.4%
39.4 - 40.7%
38.3 - 44.9%
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
4.3 - 4.7%
4.3 - 5.5%
1.2 - 1.6%
0.9 - 3.9%