v3.26.1
Investments (Tables)
 3 Months Ended
Apr. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Marketable Securities
As of April 30, 2026, marketable securities consisted of the following (in millions):
Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair Value
Corporate notes and obligations$1,467 $3 $(3)$1,467 
U.S. treasury securities673 1 (1)673 
Mortgage-backed obligations33 0 (1)32 
Asset-backed securities550 1 0 551 
Municipal securities29 0 0 29 
Commercial paper94 0 0 94 
Covered bonds1 0 0 1 
Other55 0 0 55 
Total marketable securities$2,902 $5 $(5)$2,902 
As of January 31, 2026, marketable securities consisted of the following (in millions):
Amortized
Cost		Unrealized
Gains		Unrealized
Losses		Fair Value
Corporate notes and obligations$1,343 $10 $0 $1,353 
U.S. treasury securities168 2 0 170 
Mortgage-backed obligations32 0 (1)31 
Asset-backed securities618 4 0 622 
Municipal securities17 0 0 17 
Commercial paper30 0 0 30 
Covered bonds1 0 0 1 
Other14 0 0 14 
Total marketable securities$2,223 $16 $(1)$2,238 
Schedule of Short-Term and Long-Term Marketable Securities
The contractual maturities of the investments classified as marketable securities were as follows (in millions):
 As of
 April 30, 2026January 31, 2026
Due within 1 year$1,060 $460 
Due in 1 year through 5 years1,841 1,777 
Due in 5 years through 10 years1 1 
$2,902 $2,238 
Schedules of Strategic Investments
Strategic investments by form and measurement category as of April 30, 2026 were as follows (in millions):
 Measurement Category
 Fair ValueMeasurement AlternativeOtherTotal
Equity securities$3 $7,612 $117 $7,732 
Other investments 0 0 40 40 
Balance as of April 30, 2026
$3 $7,612 $157 $7,772 
Strategic investments by form and measurement category as of January 31, 2026 were as follows (in millions):
 Measurement Category
 Fair ValueMeasurement AlternativeOtherTotal
Equity securities$5 $7,415 $127 $7,547 
Other investments0 0 44 44 
Balance as of January 31, 2026
$5 $7,415 $171 $7,591 
The components of gains (losses) on strategic investments, net were as follows (in millions):
1Three Months Ended April 30,
20262025
Unrealized gains (losses) recognized on publicly traded equity securities, net$(1)$(16)
Unrealized gains recognized on privately held equity securities, net328 7 
Impairments on privately held equity securities and other investments(119)(47)
Unrealized gains (losses), net208 (56)
Realized gains (losses) on sales of securities, net350 (7)
Gains (losses) on strategic investments, net $558 $(63)