v3.26.1
Basis of Presentation and Significant Accounting Policies (Tables)
 12 Months Ended
Feb. 01, 2026
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Property and Equipment
The estimated useful lives of property and equipment are principally as follows:
Furniture, fixtures and equipment
 5 to 10 years
Computer equipment and software
 3 to 5 years
Leasehold improvements and finance lease assetsShorter of the lease term or estimated useful life
The following is a summary of property and equipment, net (in millions):

As of
February 1, 2026February 2, 2025
Furniture, fixtures and equipment$267.8 $208.3 
Computer equipment81.7 78.0 
Internal-use software282.4 230.0 
Leasehold improvements428.8 327.9 
Construction in progress20.0 130.1 
1,080.7 974.3 
Less: accumulated depreciation and amortization528.4 412.1 
Property and equipment, net$552.3 $562.2 
The following is a summary of internal-use software, net (in millions):
As of
February 1, 2026February 2, 2025
Internal-use software$282.4 $230.0 
Less: accumulated amortization166.0 125.1 
Internal-use software, net$116.4 $104.9 
Schedule of Estimated Useful Lives of Intangible Assets
The estimated useful lives of intangible assets are as follows:
Developed technology
3 years
Business licenses
Indefinite
Schedule of Accrued Expenses and Other Current Liabilities
The following table presents the components of accrued expenses and other current liabilities (in millions):

As of
February 1, 2026February 2, 2025
Outbound fulfillment$506.6 $512.1 
Advertising and marketing148.4 146.3 
Payroll liabilities112.3 89.9 
Accrued expenses and other312.9 282.5 
Total accrued expenses and other current liabilities$1,080.2 $1,030.8 
Schedule of Unredeemed Gift Card Liability
The following table includes a summary of the activity of the unredeemed gift card liability (in millions):

Fiscal Year
20252024
Beginning balance$49.5 $41.8 
Redemptions and breakage
(137.3)(149.5)
Activations
148.7 157.2 
Ending balance$60.9 $49.5 
Schedule of Interest Income and Expense The following table provides additional information about the Company’s interest income (expense), net (in millions):
Fiscal Year
202520242023
Interest income$19.8 $40.6 $62.1 
Interest expense(4.6)(5.5)(3.6)
Interest income, net$15.2 $35.1 $58.5 
Schedule of Other Nonoperating Income (Expense) The following table provides additional information about the Company’s other (expense) income, net (in millions):
Fiscal Year
202520242023
Change in fair value of equity warrants$(2.6)$2.4 $13.1 
Change in fair value of tax indemnification receivables(2.8)2.0 — 
Change in fair value of equity investments(0.5)0.4 — 
Foreign currency transaction (losses) gains(0.3)(0.8)0.3 
Other (expense) income, net$(6.2)$4.0 $13.4