v3.25.4
Stockholders' Equity (Tables)
12 Months Ended
Jan. 31, 2026
Equity [Abstract]  
Schedule of Share Repurchase Programs Authorized
Share repurchase programs authorized by our Board of Directors that were in effect during the periods presented were as follows (in millions):
Authorization Date
Amount Authorized
Authorization Completion Date
November 2022
$500 
Q1 fiscal 2025
February 2024
500 
Q3 fiscal 2025
August 2024
1,000 
Q3 fiscal 2026
May 2025
1,000 
Q4 fiscal 2026
September 20254,000 
Schedule of Repurchase Program
The table below sets forth information regarding repurchase of shares under our share repurchase programs (in millions, except number of shares which are reflected in thousands, and per share data):
Year Ended January 31,
202620252024
Total number of shares repurchased12,772 2,914 1,849 
Average price paid per share (1)
$226.62 $240.20 $228.67 
Amount repurchased (1)
$2,894 $700 $423 
(1)Amounts exclude excise tax and commissions.
Summary of Information Related to Restricted Stock Units Activity Activity during fiscal 2026 was as follows (in thousands, except per share data):
Number of
 Shares
Weighted-Average Grant Date Fair Value
Outstanding balance as of January 31, 202514,361 $226.52 
Granted- restricted stock units8,435 219.23 
Granted- performance-based restricted stock units (1)
84 215.98 
Vested(4,153)226.70 
Forfeited and canceled (2)
(4,603)224.11 
Performance adjustment (3)
185.80 
Outstanding balance as of January 31, 202614,128 222.83 
(1)Includes approximately 42 thousand PSUs granted to executives in April 2025. The PSUs are subject to vesting based on the achievement of annual performance-based conditions determined at the beginning of each fiscal year and a three-year service-based condition. The PSUs will vest at the end of the three-year service period, with the number of shares vesting ranging from 0% to 150% of the target, based on the average attainment of the annual performance conditions.
(2)Includes shares withheld in connection with the net share settlement of RSUs.
(3)Represents the difference between the target PSUs granted and the actual PSUs awarded based upon the achievement level of performance measures.
Fair Value of Stock Purchase Rights Granted Under the ESPP
The weighted-average grant date fair value for the ESPP was $60.99, $57.80, and $57.90 per share during fiscal 2026, 2025, and 2024, respectively. These values were calculated using the following assumptions:
 Year Ended January 31,
202620252024
Expected volatility
34% - 37%
32%
32% - 33%
Expected term (in years)0.50.50.5
Risk-free interest rate
3.75% - 4.31%
4.43% - 5.39%
5.33% - 5.44%
Dividend yield0%0%0%
Fair value per share
$213.35 - $247.75
$210.83 - $251.46
$215.31 - $272.92