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Fair Value Measurements (Tables) | 3 Months Ended
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Apr. 30, 2026
Fair Value Disclosures [Abstract] |
Fair Value, Assets Measured on Recurring Basis | The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of April 30, 2026 (in thousands):
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 1,401,999 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,401,999 |
Time deposits | — |  |  | 107,558 |  |  | — |  |  | 107,558 |
U.S. government securities | — |  |  | 44,361 |  |  | — |  |  | 44,361 |
Commercial paper | — |  |  | 2,770 |  |  | — |  |  | 2,770 |
Short-term investments: |  |  |  |  |  |  |
Corporate notes and bonds | — |  |  | 629,364 |  |  | — |  |  | 629,364 |
U.S. government and agency securities | — |  |  | 211,005 |  |  | — |  |  | 211,005 |
Certificates of deposit | — |  |  | 25,307 |  |  | — |  |  | 25,307 |
Commercial paper | — |  |  | 4,607 |  |  | — |  |  | 4,607 |
Long-term investments: |  |  |  |  |  |  |
Corporate notes and bonds | — |  |  | 1,220,148 |  |  | — |  |  | 1,220,148 |
U.S. government and agency securities | — |  |  | 190,886 |  |  | — |  |  | 190,886 |
Asset-backed securities | — |  |  | 21,460 |  |  | — |  |  | 21,460 |
Strategic investments—included in other assets: |  |  |  |  |  |  |
Marketable equity securities | 6,628 |  |  | — |  |  | — |  |  | 6,628 |
Non-marketable debt securities | — |  |  | — |  |  | 5,000 |  |  | 5,000 |
Derivative assets—included in prepaid expenses and other current assets: |  |  |  |  |  |  |
Foreign currency forward contracts | — |  |  | 2,164 |  |  | — |  |  | 2,164 |
Total assets | $ | 1,408,627 |  |  | $ | 2,459,630 |  |  | $ | 5,000 |  |  | $ | 3,873,257 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities—included in accrued expenses and other current liabilities and other liabilities: |  |  |  |  |  |  |
Foreign currency forward contracts | $ | — |  |  | $ | (1,860) |  |  | $ | — |  |  | $ | (1,860) |
Total liabilities | $ | — |  |  | $ | (1,860) |  |  | $ | — |  |  | $ | (1,860) |
The following table presents the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis as of January 31, 2026 (in thousands):
| Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |
Cash equivalents: |  |  |  |  |  |  |
Money market funds | $ | 1,752,777 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,752,777 |
Time deposits | — |  |  | 108,727 |  |  | — |  |  | 108,727 |
U.S. government securities | — |  |  | 94,532 |  |  | — |  |  | 94,532 |
Commercial paper | — |  |  | 40,379 |  |  | — |  |  | 40,379 |
Certificates of deposit | — |  |  | 2,808 |  |  | — |  |  | 2,808 |
Corporate notes and bonds | — |  |  | 75 |  |  | — |  |  | 75 |
Short-term investments: |  |  |  |  |  |  |
Corporate notes and bonds | — |  |  | 860,872 |  |  | — |  |  | 860,872 |
U.S. government and agency securities | — |  |  | 256,351 |  |  | — |  |  | 256,351 |
Certificates of deposit | — |  |  | 65,689 |  |  | — |  |  | 65,689 |
Commercial paper | — |  |  | 18,611 |  |  | — |  |  | 18,611 |
Long-term investments: |  |  |  |  | — |  |  |
Corporate notes and bonds | — |  |  | 525,964 |  |  | — |  |  | 525,964 |
U.S. government and agency securities | — |  |  | 229,049 |  |  | — |  |  | 229,049 |
Strategic investments—included in other assets: |  |  |  |  |  |  |
Marketable equity securities | 6,264 |  |  | — |  |  | — |  |  | 6,264 |
Non-marketable debt securities | — |  |  | — |  |  | 10,000 |  |  | 10,000 |
Derivative assets—included in prepaid expenses and other current assets: |  |  |  |  |  |  |
Foreign currency forward contracts | — |  |  | 1,779 |  |  | — |  |  | 1,779 |
Total assets | $ | 1,759,041 |  |  | $ | 2,204,836 |  |  | $ | 10,000 |  |  | $ | 3,973,877 |
Liabilities: |  |  |  |  |  |  |
Derivative liabilities—included in accrued expenses and other current liabilities: |  |  |  |  |  |  |
Foreign currency forward contracts | $ | — |  |  | $ | (2,141) |  |  | $ | — |  |  | $ | (2,141) |
Total liabilities | $ | — |  |  | $ | (2,141) |  |  | $ | — |  |  | $ | (2,141) |
Schedule of Derivative Instruments | The following table summarizes the notional amounts of the Company’s outstanding derivative financial instruments (in thousands):
| April 30, 2026 |  | January 31, 2026
Foreign currency forward contracts not designated as hedging instruments | $ | 187,161 |  |  | $ | 228,997 |
Foreign currency forward contracts designated as cash flow hedges | 256,518 |  |  | 86,992 |
Total derivative financial instruments | $ | 443,679 |  |  | $ | 315,989 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References No definition available. + Details
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