v3.26.1
Description of Business and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Jul. 31, 2026
Accounting Policies [Abstract]  
Composition of shares used in the computation of basic and diluted net income per share
The following table presents the composition of shares used in the computation of basic and diluted net income per share for the periods indicated.
Twelve Months Ended July 31,
(In millions, except per share amounts)202620252024
Numerator:
Net income$4,566 $3,869 $2,963 
Denominator:
Shares used in basic per share calculations:
Weighted-average common shares outstanding276 280 280 
Shares used in diluted per share calculations:
Weighted-average common shares outstanding276 280 280 
Dilutive potential common equivalent shares from share-based awards
Dilutive weighted-average common shares outstanding277 283 284 
Basic and diluted net income per share:
Basic net income per share$16.53 $13.82 $10.58 
Diluted net income per share$16.46 $13.67 $10.43 
Shares excluded from diluted net income per share:
Weighted-average share-based awards that have been excluded from dilutive common equivalent shares outstanding due to their anti-dilutive effect
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