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Income Taxes
3 Months Ended
Oct. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

The Company’s effective income tax rates were 17.4% and 20.0% for the three months ended October 31, 2025 and 2024, respectively, which differs from the U.S. statutory rate of 21% primarily due to state income taxes, deduction for Foreign Derived Intangible Income, and excess tax benefits associated with equity-based compensation. The recognition of excess tax benefits from the exercise of employee stock options was $2.8 million and $4.6 million for the three months ended October 31, 2025 and 2024, respectively.