Income Taxes (Notes) |
9 Months Ended |
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Apr. 30, 2024 | |
| Income Tax Disclosure [Abstract] | |
| Income Tax Disclosure | Income Taxes The income tax rate for the three months ended April 30, 2024 and 2023 was 21.0% and 23.8%, respectively. The income tax rate for the nine months ended April 30, 2024 and 2023, was 21.1% and 22.5%, respectively. The decrease in the tax rate in the nine-month period was primarily due to tax benefits from stock-based compensation and other permanent adjustments. The Company expects its ongoing annual income tax rate to be approximately 21% based on its current global business mix and based on tax laws and statutory rates currently in effect.
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