v3.25.4
Net Income (Loss) Per Share
 12 Months Ended
Jan. 31, 2026
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The following table presents the calculation of basic and diluted net income (loss) per share. Net income (loss) is reported in millions and rounded from amounts in thousands; as a result, net income (loss) per share may not recalculate exactly due to rounding.
 Year Ended January 31,
 202620252024
 Class A Class BClass A Class BClass A Class B
(dollars in millions, shares in thousands, except per share data)
Basic net income (loss) per share:
Numerator: 
Net income (loss), basic$224 $11 $27 $1 $(339)$(16)
Denominator:
Weighted-average shares outstanding, basic168,079 7,803 162,082 7,487 156,335 7,299 
Net income (loss) per share, basic$1.33 $1.33 $0.16 $0.16 $(2.17)$(2.17)
Diluted net income (loss) per share:
Numerator:
Net income (loss)$224 $11 $27 $1 $(339)$(16)
Interest and other(1)
— — (17)(1)— — 
Reallocation of net income as a result of assumed conversion of Class B to Class A common shares11 — — — — — 
Net income (loss), diluted$235 $11 $10 $— $(339)$(16)
Denominator:
Number of shares used in basic calculation168,079 7,803 162,082 7,487 156,335 7,299 
Weighted-average effect of diluted securities related to:
Employee share-based awards2,036 476 1,832 2,942 — — 
Convertible senior notes896 — 743 — — — 
Assumed conversion of Class B to Class A common shares8,279 — 10,429 — — — 
Number of shares used in diluted calculation179,290 8,279 175,086 10,429 156,335 7,299 
Net income (loss) per share, diluted$1.31 $1.31 $0.06 $0.06 $(2.17)$(2.17)
(1) Under the if-converted method, net income (loss) is adjusted to reflect the assumption that the convertible senior notes were converted at the beginning of the period.
Potentially dilutive securities excluded because they would be anti-dilutive were as follows:
Year Ended January 31,
 202620252024
(shares in thousands)
Employee share-based awards3,274 4,503 15,179 
Convertible senior notes1,468 4,170 5,473 
Total4,742 8,673 20,652 
The Company entered into capped call transactions in connection with the issuance of the convertible senior notes. The effect of the capped calls was also excluded from the calculation of diluted net income (loss) per share as the effect of the capped calls would have been anti-dilutive.