v3.26.1
Revenue from Contracts with Customers
 9 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers

2. Revenue from Contracts with Customers

Receivables, Contract Assets and Contract Liabilities

 

(in thousands)

 

June 30, 2026

 

 

September 30, 2025

 

Short-term receivables

 

$

824,107

 

 

$

1,001,085

 

Long-term receivables

 

$

420,719

 

 

$

378,941

 

Contract asset

 

$

13,780

 

 

$

11,044

 

Deferred revenue

 

$

712,527

 

 

$

827,065

 

During the nine months ended June 30, 2026, we recognized $710.5 million of revenue that was included in Deferred revenue as of September 30, 2025. The remainder of the change in the Deferred revenue balance was driven by additional deferrals, primarily from new billings, offset by a decrease of approximately $56 million related to the Kepware and ThingWorx divestiture and a decrease resulting from changes in foreign currency exchange rates.

Our multi-year, non-cancellable on-premises subscription contracts provide customers with an annual right to exchange software within the subscription with other software. As of June 30, 2026 and September 30, 2025, our total revenue liability was $44.1 million and $39.7 million, respectively, primarily associated with the annual right to exchange on-premises subscription software.

Remaining Performance Obligations (RPO)

Our contracts with customers include amounts allocated to performance obligations that will be satisfied and recognized as revenue at a later date. The value of RPO and timing of recognition may be impacted by several factors, including the performance obligation type, duration and timing of commencement, as well as foreign currency exchange rate fluctuations. As of June 30, 2026, RPO totaled $2,417.7 million, of which $712.5 million is recorded in Deferred revenue and $1,705.2 million is not yet recorded in the Consolidated Balance Sheets. Of the total, we expect to recognize approximately 54% over the next 12 months, 28% over the next 13 to 24 months, and the remaining amount thereafter.

Disaggregation of Revenue

 

(in thousands)

 

Three months ended

 

 

Nine months ended

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Recurring revenue(1)

 

$

576,011

 

 

$

613,583

 

 

$

1,976,667

 

 

$

1,739,443

 

Perpetual license

 

 

691

 

 

 

7,763

 

 

 

13,263

 

 

 

23,004

 

Professional services

 

 

23,347

 

 

 

22,591

 

 

 

70,247

 

 

 

82,984

 

Total revenue

 

$

600,049

 

 

$

643,937

 

 

$

2,060,177

 

 

$

1,845,431

 
(1)
Recurring revenue is comprised of on-premises subscription, perpetual support, SaaS, and hosting services revenue.

We report revenue by the following two product groups:

(in thousands)

 

Three months ended

 

 

Nine months ended

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Product lifecycle management (PLM)

 

$

356,970

 

 

$

403,722

 

 

$

1,280,640

 

 

$

1,153,331

 

Computer-aided design (CAD)

 

 

243,079

 

 

 

240,215

 

 

 

779,537

 

 

 

692,100

 

Total revenue

 

$

600,049

 

 

$

643,937

 

 

$

2,060,177

 

 

$

1,845,431

 

Our international revenue is presented based on the location of our customer. Revenue for the geographic regions in which we operate is presented below.

(in thousands)

 

Three months ended

 

 

Nine months ended

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Americas

 

$

270,305

 

 

$

282,560

 

 

$

966,829

 

 

$

853,352

 

Europe

 

 

202,535

 

 

 

239,286

 

 

 

773,466

 

 

 

686,458

 

Asia Pacific

 

 

127,209

 

 

 

122,091

 

 

 

319,882

 

 

 

305,621

 

Total revenue

 

$

600,049

 

 

$

643,937

 

 

$

2,060,177

 

 

$

1,845,431