v3.26.1
Stockholders' Equity (Tables)
 6 Months Ended
Jul. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity A summary of stock option activity for the six months ended July 31, 2026 is as follows: 
Number
of shares
Weighted
average
exercise
price
Weighted
average
remaining
contractual
term (in years)
Aggregate
intrinsic
value (in millions)
Options outstanding at January 31, 202615,134,876 $181.99 6.3$523 
Options granted128,705 $174.30 
Options exercised(105,992)$161.73 
Options forfeited/cancelled(235,140)$213.64 
Options outstanding at July 31, 202614,922,449 $181.57 5.7$521 
Options vested and exercisable at July 31, 20269,464,222 $159.94 4.5$503 
Options vested and exercisable at July 31, 2026 and expected to vest thereafter14,922,449 $181.57 5.7$521 
Schedule of Weighted-Average Assumptions Used to Estimate Grant Date Fair Value of Options Granted
The following table presents the weighted-average assumptions used to estimate the grant date fair value of options granted during the periods presented:
Three months ended July 31,Six months ended July 31,
2026202520262025
Volatility38%-40%39%-40%38%-40%39%-40%
Expected term (in years)6.36.36.36.3-7.0
Risk-free interest rate4.3%-4.4%4.0%-4.2%3.7%-4.4%3.8%-4.4%
Dividend yield—%—%—%—%
Schedule of Restricted Stock Unit (RSU) Activity
A summary of RSU activity for the six months ended July 31, 2026 is as follows:
Unreleased restricted
stock units
Weighted 
average grant
date fair value
Balance at January 31, 2026890,056 $211.42 
RSUs granted3,962,556 $173.46 
RSUs vested(989,867)$199.81 
RSUs forfeited/cancelled(90,871)$179.21 
Balance at July 31, 20263,771,874 $175.36 
Schedule of Repurchase Programs
The table below sets forth information regarding repurchase of shares under our share repurchase program (in thousands, except number of shares and per share data):
Three months ended July 31,Six months ended July 31,
20262026
Total number of shares repurchased1,408,414 2,663,443 
Average price paid per share (1)
$174.48 $175.28 
Amount repurchased (1)
$245,736 $466,835 
(1) Amounts exclude commissions and excise taxes.