| Net Income Per Share |
Net Income Per Share The following table sets forth the computation of basic and diluted net income per share for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended July 31, | | Six Months Ended July 31, | | 2026 | | 2025 | | 2026 | | 2025 | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | (in thousands, except share and per share data) | | Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income, basic | $ | 1,391,787 | | | $ | 150,658 | | | $ | 316,729 | | | $ | 41,863 | | | $ | 1,776,153 | | | $ | 191,969 | | | $ | 534,869 | | | $ | 78,326 | | | Reallocation of net income | (1,901) | | | 1,901 | | | (1,123) | | | 1,123 | | | (3,409) | | | 3,409 | | | (1,740) | | | 1,740 | | | Net income, diluted | $ | 1,389,886 | | | $ | 152,559 | | | $ | 315,606 | | | $ | 42,986 | | | $ | 1,772,744 | | | $ | 195,378 | | | $ | 533,129 | | | $ | 80,066 | | | Denominator: | | | | | | | | | | | | | | | | | Weighted-average shares used in computing net income per share, basic | 264,272,327 | | | 28,606,911 | | | 266,548,290 | | | 35,230,824 | | | 265,042,232 | | | 28,646,146 | | | 264,605,839 | | | 38,748,996 | | | Weighted-average shares used in computing net income per share, diluted | 270,099,315 | | | 29,647,027 | | | 271,276,534 | | | 36,947,838 | | | 270,237,744 | | | 29,783,543 | | | 269,970,487 | | | 40,544,582 | | | Net income per share, basic | $ | 5.27 | | | $ | 5.27 | | | $ | 1.19 | | | $ | 1.19 | | | $ | 6.70 | | | $ | 6.70 | | | $ | 2.02 | | | $ | 2.02 | | | Net income per share, diluted | $ | 5.15 | | | $ | 5.15 | | | $ | 1.16 | | | $ | 1.16 | | | $ | 6.56 | | | $ | 6.56 | | | $ | 1.97 | | | $ | 1.97 | |
The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented, because including them would have been anti-dilutive, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended July 31, | | Six Months Ended July 31, | | 2026 | | 2025 | | 2026 | | 2025 | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | Unvested RSUs | 3,694 | | | — | | | 1,390,763 | | | — | | | 5,285 | | | — | | | 1,826,669 | | | — | | | Purchase rights committed under the ESPP | 1,773,227 | | | — | | | 381,788 | | | — | | | 1,061,745 | | | — | | | 296,776 | | | — | | | Outstanding stock options | — | | | — | | | 87,993 | | | — | | | 38,212 | | | — | | | 89,815 | | | — | | | Total | 1,776,921 | | | — | | | 1,860,544 | | | — | | | 1,105,242 | | | — | | | 2,213,260 | | | — | |
The table above does not include 164,192 shares of issued Class A common stock held by us as of July 31, 2026 and 2025 that are reserved for the sole purpose of being transferred to nonprofit organizations.
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