v3.22.4
Stock-Based Compensation (Tables)
 6 Months Ended
Jan. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options
The activity of stock options for the six months ended January 31, 2023 consisted of the following:
Outstanding
Stock
Options		Weighted-Average
Exercise
Price		Weighted-Average
Remaining
Contractual Term
(in years)		Aggregate
Intrinsic
Value
(in thousands, except per share amounts)
Balance as of July 31, 20221,673 $11.81 2.5$240,286 
Exercised(224)9.20 29,977 
Canceled, forfeited or expired(5)7.61 
Balance as of January 31, 20231,444 $12.24 2.1$161,644 
Exercisable and expected to vest as of July 31, 20221,501 $10.78 2.4$216,539 
Exercisable and expected to vest as of January 31, 20231,375 $11.60 2.1$154,769 
Schedule of Restricted Stock Units and Performance Stock Awards Activity
The activity of restricted stock units ("RSUs") and performance stock awards ("PSAs") consisted of the following for the six months ended January 31, 2023:
Underlying SharesWeighted-Average Grant Date Fair ValueAggregate
Intrinsic Value
(in thousands, except per share data)
Balance as of July 31, 20227,388 $157.17 $1,145,526 
Granted2,365 157.94 
Vested(1,666)150.83 254,957 
Canceled or forfeited(738)168.08 
Balance as of January 31, 20237,349 $157.76 $912,413 
Schedule of ESPP Valuation Assumptions
The fair value of the purchase right for the ESPP was estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions:
Six Months Ended January 31,
20232022
Expected term (in years)
0.5 -2.0
0.5 - 2.0
Expected stock price volatility
62.4% - 75.9%
44.1% - 57.4%
Risk-free interest rate
4.2% - 4.7%
0.1% - 0.7%
Dividend yield
0.0%
0.0%
Schedule of Allocation of Stock-based Compensation Expense
The components of stock-based compensation expense recognized in the condensed consolidated statements of operations consisted of the following:
Three Months Ended January 31,Six Months Ended January 31,
2023202220232022
(in thousands)
Cost of revenue$9,410 $5,481 $17,842 $10,467 
Sales and marketing54,213 44,586 107,848 85,307 
Research and development29,005 28,626 53,536 55,885 
General and administrative17,110 20,295 35,685 37,232 
Total$109,738 $98,988 $214,911 $188,891