v3.26.1
Fair Value Measurements (Tables)
9 Months Ended
Apr. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
Assets and liabilities that are measured at fair value on a recurring basis consisted of the following as of April 30, 2026:
Level ILevel IILevel III
Fair Value
Quoted Prices
in Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
Cash equivalents:(in thousands)
Money market funds$788,013 $788,013 $— $— 
Certificates of deposit47,729 — 47,729 — 
Total cash equivalents$835,742 $788,013 $47,729 $— 
Short-term investments:
U.S. treasury securities$439,900 $— $439,900 $— 
U.S. government agency securities54,690 — 54,690 — 
Corporate debt securities1,744,709 — 1,744,709 — 
Certificates of deposit95,051 — 95,051 — 
Asset-backed securities217,635 — 217,635 — 
Non-U.S. government securities5,010 — 5,010 — 
Total short-term investments$2,556,995 $— $2,556,995 $— 
Total cash equivalents and short-term investments$3,392,737 $788,013 $2,604,724 $— 
Designated derivative instruments:
Foreign currency contracts assets-current (1)
$14,199 $— $14,199 $— 
Foreign currency contracts assets-noncurrent (2)
$1,969 $— $1,969 $— 
Foreign currency contracts liabilities-current (3)
$13,784 $— $13,784 $— 
Foreign currency contracts liabilities-noncurrent (4)
$3,943 $— $3,943 $— 
Interest rate contracts liabilities-current (3)
$2,287 $— $2,287 $— 
Interest rate contracts liabilities-noncurrent (4)
$4,692 $— $4,692 $— 
Non-designated derivative instruments:
Foreign currency contracts assets-current (1)
$3,987 $— $3,987 $— 
Foreign currency contracts liabilities-current (3)
$2,573 $— $2,573 $— 
(1) Included within prepaid expenses and other current assets in the condensed consolidated balance sheets.
(2) Included within other noncurrent assets in the condensed consolidated balance sheets.
(3) Included within accrued expenses and other current liabilities in the condensed consolidated balance sheets.
(4) Included within other noncurrent liabilities in the condensed consolidated balance sheets.
Assets that are measured at fair value on a recurring basis consisted of the following as of July 31, 2025:
Level ILevel IILevel III
Fair Value
Quoted Prices
in Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
Cash equivalents:(in thousands)
Money market funds$1,403,678 $1,403,678 $— $— 
Corporate debt securities8,468 — 8,468 — 
Certificates of deposit131,463 — 131,463 — 
Total cash equivalents$1,543,609 $1,403,678 $139,931 $— 
Short-term investments:
U.S. treasury securities$230,999 $— $230,999 $— 
U.S. government agency securities74,992 — 74,992 — 
Corporate debt securities877,395 — 877,395 — 
Total short-term investments$1,183,386 $— $1,183,386 $— 
Total cash equivalents and short-term investments$2,726,995 $1,403,678 $1,323,317 $— 
Designated derivative instruments:
Foreign currency contracts assets-current (1)
$10,713 $— $10,713 $— 
Foreign currency contract assets-noncurrent (2)
$3,705 $— $3,705 $— 
Foreign currency contracts liabilities-current (3)
$4,006 $— $4,006 $— 
Foreign currency contracts liabilities-noncurrent (4)
$1,319 $— $1,319 $— 
Non-designated derivative instruments:
Foreign currency contracts assets-current (1)
$5,115 $— $5,115 $— 
Foreign currency contracts liabilities-current (3)
$3,956 $— $3,956 $— 
(1) Included within prepaid expenses and other current assets in the consolidated balance sheets.
(2) Included within other noncurrent assets in the consolidated balance sheets.
(3) Included within accrued expenses and other current liabilities in the consolidated balance sheets.
(4) Included within other noncurrent liabilities in the consolidated balance sheets.
Schedule of Fair Value, Liabilities Measured on Recurring Basis
Assets and liabilities that are measured at fair value on a recurring basis consisted of the following as of April 30, 2026:
Level ILevel IILevel III
Fair Value
Quoted Prices
in Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
Cash equivalents:(in thousands)
Money market funds$788,013 $788,013 $— $— 
Certificates of deposit47,729 — 47,729 — 
Total cash equivalents$835,742 $788,013 $47,729 $— 
Short-term investments:
U.S. treasury securities$439,900 $— $439,900 $— 
U.S. government agency securities54,690 — 54,690 — 
Corporate debt securities1,744,709 — 1,744,709 — 
Certificates of deposit95,051 — 95,051 — 
Asset-backed securities217,635 — 217,635 — 
Non-U.S. government securities5,010 — 5,010 — 
Total short-term investments$2,556,995 $— $2,556,995 $— 
Total cash equivalents and short-term investments$3,392,737 $788,013 $2,604,724 $— 
Designated derivative instruments:
Foreign currency contracts assets-current (1)
$14,199 $— $14,199 $— 
Foreign currency contracts assets-noncurrent (2)
$1,969 $— $1,969 $— 
Foreign currency contracts liabilities-current (3)
$13,784 $— $13,784 $— 
Foreign currency contracts liabilities-noncurrent (4)
$3,943 $— $3,943 $— 
Interest rate contracts liabilities-current (3)
$2,287 $— $2,287 $— 
Interest rate contracts liabilities-noncurrent (4)
$4,692 $— $4,692 $— 
Non-designated derivative instruments:
Foreign currency contracts assets-current (1)
$3,987 $— $3,987 $— 
Foreign currency contracts liabilities-current (3)
$2,573 $— $2,573 $— 
(1) Included within prepaid expenses and other current assets in the condensed consolidated balance sheets.
(2) Included within other noncurrent assets in the condensed consolidated balance sheets.
(3) Included within accrued expenses and other current liabilities in the condensed consolidated balance sheets.
(4) Included within other noncurrent liabilities in the condensed consolidated balance sheets.
Assets that are measured at fair value on a recurring basis consisted of the following as of July 31, 2025:
Level ILevel IILevel III
Fair Value
Quoted Prices
in Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
Cash equivalents:(in thousands)
Money market funds$1,403,678 $1,403,678 $— $— 
Corporate debt securities8,468 — 8,468 — 
Certificates of deposit131,463 — 131,463 — 
Total cash equivalents$1,543,609 $1,403,678 $139,931 $— 
Short-term investments:
U.S. treasury securities$230,999 $— $230,999 $— 
U.S. government agency securities74,992 — 74,992 — 
Corporate debt securities877,395 — 877,395 — 
Total short-term investments$1,183,386 $— $1,183,386 $— 
Total cash equivalents and short-term investments$2,726,995 $1,403,678 $1,323,317 $— 
Designated derivative instruments:
Foreign currency contracts assets-current (1)
$10,713 $— $10,713 $— 
Foreign currency contract assets-noncurrent (2)
$3,705 $— $3,705 $— 
Foreign currency contracts liabilities-current (3)
$4,006 $— $4,006 $— 
Foreign currency contracts liabilities-noncurrent (4)
$1,319 $— $1,319 $— 
Non-designated derivative instruments:
Foreign currency contracts assets-current (1)
$5,115 $— $5,115 $— 
Foreign currency contracts liabilities-current (3)
$3,956 $— $3,956 $— 
(1) Included within prepaid expenses and other current assets in the consolidated balance sheets.
(2) Included within other noncurrent assets in the consolidated balance sheets.
(3) Included within accrued expenses and other current liabilities in the consolidated balance sheets.
(4) Included within other noncurrent liabilities in the consolidated balance sheets.