Basic net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed by giving effect to all potentially dilutive shares of common stock, including outstanding share-based awards consisting primarily of unvested RSUs and ESPP obligations. We determine the dilutive effect of outstanding share-based awards using the treasury stock method.

The holders of our Class A and Class B common stock have identical liquidation and dividend rights but different voting rights. Accordingly, we present net income per share for Class A and Class B common stock together as the two-class method does not result in a difference.

The following table presents the calculation of basic and diluted net income per share (in millions, except number of shares, which are reflected in thousands, and per share data):


	Three Months Ended April 30,
	2026		2025 (1)
Net income per share, basic:
Numerator:
Net income	$	222	$	68
Denominator:
Weighted-average shares outstanding, basic	253,891		266,516
Net income per share, basic	$	0.87	$	0.25
Net income per share, diluted:
Numerator:
Net income	$	222	$	68
Denominator:
Weighted-average shares outstanding, basic	253,891		266,516
Dilutive effect of share-based awards	422		3,780
Weighted-average shares outstanding, diluted	254,313		270,296
Net income per share, diluted	$	0.87	$	0.25

(1)The prior period net income per share for Class A and Class B common stock has been presented together to conform to current period presentation, which had no impact on our previously reported basic or diluted net income per share.

The computation of diluted net income per share does not include the effect of the following potentially outstanding weighted-average shares of common stock because their effect would have been anti-dilutive (in thousands):


	Three Months Ended April 30,
	2026	2025
Total weighted-average shares related to outstanding share-based awards	13,661	201