v3.26.1
Net Income Per Share
 6 Months Ended
Jul. 31, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding for the fiscal period. Diluted net income per share is computed by giving effect to all potential weighted average dilutive common stock, including options and restricted stock units. The dilutive effect of outstanding awards is reflected in diluted net income per share by application of the treasury stock method.
A reconciliation of the denominator used in the calculation of basic and diluted net income per share is as follows (in millions):
Three Months Ended July 31,Six Months Ended July 31,
2026202520262025
Numerator:
Net income$3,526 $1,887 $5,633 $3,428 
Denominator:
Weighted-average shares outstanding for basic net income per share820 956 844 958 
Effect of dilutive securities:
Employee stock awards1 6 1 8 
Weighted-average shares outstanding for diluted net income per share821 962 845 966 
The weighted-average number of shares outstanding used in the computation of diluted net income per share does not include the effect of the following potentially outstanding common stock. The effects of these potentially outstanding shares, including the unsettled forward contract component of the ASR Agreements, were not included in the calculation of diluted net income per share because the effect would have been anti-dilutive (in millions):
Three Months Ended July 31,Six Months Ended July 31,
2026202520262025
Employee stock awards40 9 35 5 
Unsettled component of ASR Agreements42 0 39 0