Net Income Per Share |
Net Income Per Share The following table sets forth the computation of basic and diluted net income per share for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended April 30, | | | | 2025 | | 2024 | | | | | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | (in thousands, except share and per share data) | Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income, basic | $ | 219,213 | | | $ | 35,390 | | | $ | 184,070 | | | $ | 32,238 | | | | | | | | | | Reallocation of net income | (634) | | | 634 | | | (1,292) | | | 1,292 | | | | | | | | | | Net income, diluted | $ | 218,579 | | | $ | 36,024 | | | $ | 182,778 | | | $ | 33,530 | | | | | | | | | | Denominator: | | | | | | | | | | | | | | | | Weighted-average shares used in computing net income per share, basic | 262,526,502 | | | 42,382,150 | | | 262,693,481 | | | 46,007,101 | | | | | | | | | | Weighted-average shares used in computing net income per share, diluted | 268,527,554 | | | 44,256,307 | | | 266,476,843 | | | 48,883,835 | | | | | | | | | | Net income per share, basic | $ | 0.84 | | | $ | 0.84 | | | $ | 0.70 | | | $ | 0.70 | | | | | | | | | | Net income per share, diluted | $ | 0.81 | | | $ | 0.81 | | | $ | 0.69 | | | $ | 0.69 | | | | | | | | | |
The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented, because including them would have been anti-dilutive, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended April 30, | | | | 2025 | | 2024 | | | | | | Class A | | Class B | | Class A | | Class B | | | | | | | | | Unvested RSUs | 2,262,575 | | | — | | | 10,342,542 | | | — | | | | | | | | | | Purchase rights committed under the ESPP | 211,765 | | | — | | | 1,040,285 | | | — | | | | | | | | | | Outstanding stock options | 91,637 | | | — | | | 102,354 | | | — | | | | | | | | | | Total | 2,565,977 | | | — | | | 11,485,181 | | | — | | | | | | | | | |
The table above does not include 405,156 shares of issued Class A common stock held by us as of April 30, 2025 and 2024 that are reserved for the sole purpose of being transferred to nonprofit organizations.
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