v3.25.2
Leases
9 Months Ended
Jul. 31, 2025
Leases [Abstract]  
Leases Leases
We have operating lease arrangements for office space, data center, equipment and other corporate assets. These leases have various expiration dates through December 31, 2042, some of which include options to extend the leases for up to 15 years. We consider the lease renewal options in determining the lease term and include associated potential option payments in lease payments when it is reasonably certain that the renewal options will be exercised.
The components of our lease expense during the period presented are as follows:
Three Months Ended July 31,Nine Months Ended July 31,
2025202420252024
(in thousands)
Operating lease expense (1)
$29,398 $23,800 $80,513 $67,848 
Variable lease expense (2)
8,686 5,182 22,243 16,761 
Total lease expense$38,084 $28,982 $102,756 $84,609 
(1) Operating lease expense includes immaterial amounts of short-term leases, net of sublease income.
(2) Variable lease expense includes payments to lessors that are not fixed or determinable at lease commencement date. These payments primarily consist of maintenance, property taxes, insurance and variable indexed based payments.
Supplemental cash flow information during the period presented is as follows:
Nine Months Ended July 31,
20252024
(in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities(1)
$79,819 $74,715 
ROU assets obtained in exchange for operating lease liabilities(2)
$110,069 $64,790 
(1) Cash paid for amounts included in the measurement of operating lease liabilities included cash from discontinued operations of $4.3 million during the nine months ended July 31, 2024.
(2) ROU assets obtained in exchange for operating lease liabilities included ROU assets from discontinued operations of $0.7 million during the nine months ended July 31, 2024.
Lease term and discount rate information related to our operating leases as of the end of the period presented are as follows:
As of
July 31, 2025October 31, 2024
Weighted-average remaining lease term (in years)6.817.59
Weighted-average discount rate3.33 %2.86 %
The following table represents the maturities of our future lease payments due under operating leases as of July 31, 2025:
Lease Payments
Fiscal year(in thousands)
Remainder of fiscal 2025$34,397 
2026152,997 
2027149,967 
2028136,922 
2029127,192 
2030 and thereafter294,037 
Total future minimum lease payments
895,512 
Less: Imputed interest95,331 
Total lease liabilities
$800,181 
In addition, the sublease income from facilities leased by us, due to us as of July 31, 2025 are as follows:
Lease Receipts
Fiscal year(in thousands)
Remainder of fiscal 2025$4,604 
202618,767 
202719,689 
202820,280 
202920,888 
2030 and thereafter17,867 
Total$102,095