Provision for Income Taxes |
9 Months Ended |
|---|---|
Apr. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Provision for Income Taxes | Provision for Income Taxes The overall effective income tax rate for the three months ended April 30, 2025 was 13.9%, and the effective income tax rate for the nine months ended April 30, 2025 was 15.0%. These rates were both impacted by the jurisdictional mix of pre-tax earnings between foreign and domestic operations, including the favorable impact of certain foreign exchange gains not subject to taxation. The Company also recorded an income tax benefit from certain tax provision adjustments that primarily resulted from changes in estimates while completing the prior-year tax return during the three months ended April 30, 2025. The overall effective income tax rate for the three months ended April 30, 2024 was 20.2%, and the effective income tax rate for the nine months ended April 30, 2024 was 21.6%. These rates were both favorably impacted by the terms of the resolution of certain matters discussed in Note 14 to the Condensed Consolidated Financial Statements, as certain payments made related to these matters were determined to be deductible for tax purposes. Within the next 12 months, the Company does not anticipate any material changes in its unrecognized tax benefits recorded as of April 30, 2025.
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