v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Operating activities:    
Net income $ 2,107 $ 1,541
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization [1] 985 843
Amortization of costs capitalized to obtain revenue contracts, net 584 545
Stock-based compensation expense 857 814
Gains (losses) on strategic investments, net (558) 63
Changes in assets and liabilities, net of business combinations:    
Accounts receivable, net 9,431 7,591
Costs capitalized to obtain revenue contracts, net (509) (365)
Prepaid expenses and other current assets and other assets (162) (481)
Accounts payable and accrued expenses and other liabilities (1,897) (1,007)
Operating lease liabilities (138) (124)
Unearned revenue (3,999) (2,944)
Net cash provided by operating activities 6,701 6,476
Investing activities:    
Business combinations, net of cash acquired (1,452) 0
Purchases of strategic investments (325) (149)
Sales of strategic investments 415 6
Purchases of marketable securities (1,089) (2,086)
Sales of marketable securities 352 405
Maturities of marketable securities 61 436
Capital expenditures (145) (179)
Net cash used in investing activities (2,183) (1,567)
Financing activities:    
Proceeds from issuance of debt, net of issuance costs 24,842 0
Repurchases of common stock (27,248) (2,633)
Payments for taxes related to net share settlement of equity awards (250) 0
Proceeds from employee stock plans 230 294
Principal payments on financing obligations (130) (179)
Payments of dividends and dividend equivalents (365) (402)
Net cash used in financing activities (2,921) (2,920)
Effect of exchange rate changes 11 91
Net increase in cash and cash equivalents 1,608 2,080
Cash and cash equivalents, beginning of period 7,327 8,848
Cash and cash equivalents, end of period 8,935 10,928
Cash paid during the period for:    
Interest 87 28
Income taxes, net of tax refunds $ 239 $ 99
[1] Includes amortization of intangible assets acquired through business combinations, depreciation and impairment of fixed assets and amortization and impairment of right-of-use assets.