v3.26.1
Revenue
 3 Months Ended
Apr. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue

Revenue by revenue type is as follows (in thousands):

Three Months Ended April 30,
(in thousands)20262025
Subscription revenue (1)
$811,220 $746,202 
Professional services and other revenue (1)
19,015 17,452 
     Total revenue
$830,235 $763,654 
(1) Effective in the first quarter of fiscal 2027, we changed the presentation of revenue in our Consolidated Statements of Operations to combine the financial statement line items labeled “Subscription revenue” and “Professional services and other revenue”. See Note 1, “Summary of Significant Accounting Policies” for further detail.

Performance Obligations

As of April 30, 2026, the amount of the transaction price allocated to remaining performance obligations for contracts greater than one year was $2.3 billion. We expect to recognize 58% of the transaction price allocated to remaining performance obligations within the 12 months following April 30, 2026 in our condensed consolidated statement of operations and comprehensive income.

Contract Balances

Contract assets represent amounts for which we have recognized revenue, pursuant to our revenue recognition policy, for contracts that have not yet been invoiced to our customers where there is a remaining performance obligation, typically for multi-year arrangements. Total contract assets were $8.0 million and $10.8 million as of April 30, 2026 and January 31, 2026. The change in contract assets reflects the difference in timing between our satisfaction of remaining performance obligations and our contractual right to bill our customers.

Contract liabilities consist of deferred revenue and payments received in advance of performance under the contract. Such amounts are generally recognized as revenue over the contractual period. For the three months ended April 30, 2026 and 2025, we recognized revenue of $670.6 million and $610.3 million that was included in the corresponding contract liability balance at the beginning of the periods presented.

We receive payments from customers based upon contractual billing schedules. We record accounts receivable when the right to consideration becomes unconditional. Payment terms on invoiced amounts are typically 30 days.
Deferred Contract Acquisition and Fulfillment Costs
The following table represents a rollforward of our deferred contract acquisition and fulfillment costs:
Three Months Ended April 30,
(in thousands)20262025
Deferred Contract Acquisition Costs:
Beginning balance$474,628 $467,201 
Additions to deferred contract acquisition costs50,430 45,607 
Amortization of deferred contract acquisition costs(56,176)(56,009)
Cumulative translation adjustment(430)5,170 
Ending balance$468,452 $461,969 
Deferred Contract Fulfillment Costs:
Beginning balance$27,933 $23,657 
Additions to deferred contract fulfillment costs15,061 11,041 
Amortization of deferred contract fulfillment costs(11,182)(10,473)
Cumulative translation adjustment(345)1,327 
Ending balance$31,467 $25,552