Leases

3 Months Ended

Apr. 30, 2026

We have entered into operating lease agreements for our office space, data centers, and other property and equipment. Operating lease right-of-use assets were $706 million and $719 million as of April 30, 2026, and January 31, 2026, respectively, and operating lease liabilities were $817 million and $834 million as of April 30, 2026, and January 31, 2026, respectively.

The components of operating lease expense were as follows (in millions):


	Three Months Ended April 30,
	2026		2025
Operating lease cost	$	42	$	31

Variable lease cost	14		11
Total operating lease cost	$	56	$	42

Supplemental cash flow information related to our operating leases was as follows (in millions):


	Three Months Ended April 30,
		2026		2025
Cash paid for operating lease liabilities		$	37	$	33
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities		21		42

Other information related to our operating leases was as follows:


	April 30, 2026		January 31, 2026
Weighted average remaining lease term (in years)	11		11
Weighted average discount rate	4.2	%	4.2	%

As of April 30, 2026, maturities of operating lease liabilities were as follows (in millions):


Fiscal Period:
Remainder of 2027	$	112
2028	159
2029	127
2030	90
2031	66
Thereafter	487
Total lease payments	1,041
Less imputed interest	(224)
Total operating lease liabilities	$	817