v3.25.4
Employee Incentive Plans (Tables)
 12 Months Ended
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense by Award Type
Stock-based compensation expense by award type was as follows:
 Year Ended January 31,
 202620252024
(dollars in millions)
Stock options$1 $14 $45 
RSUs 476 475 490 
Market-based RSUs
44 25 12 
ESPP 16 17 26 
Restricted stock awards7 34 111 
Total $544 $565 $684 
Schedule of Stock-based Compensation Expense by Statement of Operations Location
Stock-based compensation expense was recorded in the following cost and expense categories in the consolidated statements of operations:
 Year Ended January 31,
 202620252024
(dollars in millions)
Cost of revenue: 
Subscription$74 $82 $75 
Professional services and other10 12 15 
Research and development196 216 277 
Sales and marketing132 131 156 
General and administrative132 124 161 
Total$544 $565 $684 
Schedule of Stock Option Activity
A summary of stock option activity and related information was as follows:
 
Number of Options 
(in thousands)
Weighted-Average
Exercise Price 
Weighted-Average Remaining
Contractual Term
(Years)
Aggregate
Intrinsic Value
(in millions)
Outstanding as of January 31, 20252,199 $57.98 2.8$137 
Exercised (1,128)10.11 
Expired(1)30.56 
Outstanding as of January 31, 20261,070 $108.43 3.1$36 
As of January 31, 2026
Vested and expected to vest1,070 $108.43 3.1$36 
Vested and exercisable 1,070 $108.43 3.1$36 
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity and related information was as follows:
 
Number of RSUs
(in thousands)
Weighted-Average
Grant Date Fair Value Per Share
Outstanding as of January 31, 20257,479 $97.15 
Granted4,855 101.12 
Vested(4,761)103.57 
Forfeited(1,324)95.67 
Outstanding as of January 31, 20266,249 $95.66 
A summary of market-based RSU activity and related information was as follows:
 
Number of market-based RSUs
(in thousands)
Weighted-Average
Grant Date Fair Value Per Share
Outstanding as of January 31, 2025320 $190.08 
Granted327 199.63 
Vested(138)120.98 
Outstanding as of January 31, 2026509 $214.94 
Schedule of ESPP Black-Scholes Option Pricing Model Estimated Fair Value Assumptions
The Company estimated the fair value of ESPP purchase rights using a Black-Scholes option pricing model with the following assumptions:
Year Ended January 31,
202620252024
Expected volatility
31% - 58%
42% - 44%
46% - 74%
Expected term (in years)
0.5 - 1.0
0.5 - 1.0
0.5 - 1.0
Risk-free interest rate
3.53% - 4.28%
4.26% - 5.36%
4.84% - 5.41%
Expected dividend yield———