The following tables present the calculation of basic and diluted net income per share. Net income is reported in millions and rounded from amounts in thousands; as a result, net income per share may not recalculate exactly due to rounding.


	Three Months Ended April 30,
	2026				2025
	Class A		Class B			Class A		Class B
	(dollars in millions, shares in thousands, except per share data)
Basic net income per share:
Numerator:
Net income, basic	$	71	$	3		$	59	$	3
Denominator:
Weighted-average shares outstanding, basic	168,442		7,687			166,332		7,840
Net income per share, basic	$	0.42	$	0.42		$	0.36	$	0.36

Diluted net income per share:
Numerator:
Net income	$	71	$	3		$	59	$	3
Interest and other1	—		—			1		—
Reallocation of net income as a result of assumed conversion of Class B to Class A common shares	3		—			3		—
Net income, diluted	$	74	$	3		$	63	$	3
Denominator:
Number of shares used in basic calculation	168,442		7,687			166,332		7,840
Weighted-average effect of diluted securities related to:
Employee share-based awards	743		200			2,625		787
Convertible senior notes	627		—			4,170		—
Assumed conversion of Class B to Class A common shares	7,887		—			8,627		—
Number of shares used in diluted calculation	177,699		7,887			181,754		8,627
Net income per share, diluted	$	0.42	$	0.42		$	0.35	$	0.35
1 Under the if-converted method, net income is adjusted to reflect the assumption that the convertible senior notes were converted at the beginning of the period.

The Company entered into capped call transactions in connection with the issuance of the convertible senior notes. The effect of the capped calls was also excluded from the calculation of diluted net income per share as the effect of the capped calls would have been anti-dilutive.