We have operating lease arrangements for office space, data center, equipment and other corporate assets. These leases have various expiration dates through December 31, 2042, some of which include options to extend the leases for up to 15 years. We consider the lease renewal options in determining the lease term and include associated potential option payments in lease payments when it is reasonably certain that the renewal options will be exercised.

The components of our lease expense during the period presented are as follows:


	Three Months Ended April 30,				Six Months Ended April 30,
	2026		2025		2026		2025
	(in thousands)
Operating lease expense (1)	$	37,244	$	26,063	$	74,451	$	51,115

Variable lease expense (2)	12,105		6,797		22,622		13,557
Total lease expense	$	49,349	$	32,860	$	97,073	$	64,672

(1) Operating lease expense includes immaterial amounts of short-term leases, net of sublease income.

(2) Variable lease expense includes payments to lessors that are not fixed or determinable at lease commencement date. These payments primarily consist of maintenance, property taxes, insurance and variable indexed based payments.

Supplemental cash flow information during the period presented is as follows:


	Six Months Ended April 30,
	2026		2025
	(in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities	$	69,942	$	52,374
ROU assets obtained in exchange for operating lease liabilities	$	70,891	$	70,957

Lease term and discount rate information related to our operating leases as of the end of the period presented are as follows:


	As of
	April 30, 2026		October 31, 2025
Weighted-average remaining lease term (in years)	6.54		6.88
Weighted-average discount rate	3.46	%	3.40	%

The following table represents the maturities of our future lease payments due under operating leases as of April 30, 2026:


	Lease Payments
Fiscal year	(in thousands)
Remainder of fiscal 2026	$	76,968
2027	166,029
2028	152,626
2029	140,668
2030	111,140
2031 and thereafter	256,469
Total future minimum lease payments	903,900
Less: Imputed interest	97,902
Total lease liabilities	$	805,998

In addition, the sublease income from facilities leased by us, due to us as of April 30, 2026 are as follows:


	Lease Receipts
Fiscal year	(in thousands)
Remainder of fiscal 2026	$	9,558
2027	19,689
2028	20,280
2029	20,888
2030	17,867

Total	$	88,282