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Stock-Based Compensation Expense and Shareholders' Equity (Tables) | 3 Months Ended
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Oct. 31, 2025
Stockholders' Equity and Stock-based Compensation [Abstract] |
Stock-based compensation expense | Stock-based compensation expense related to stock options, Stock Awards, and ESPP purchase rights is included in the Company’s condensed consolidated statements of operations as follows (in thousands):
| Three Months Ended |  |
| October 31, |  |
| 2025 |  | 2024 |  |  |  |
Stock-based compensation expense | $ | 43,449 |  |  | $ | 38,167 |  |  |  |  |
Net impact of deferred stock-based compensation | (133) |  |  | (107) |  |  |  |  |
Total stock-based compensation expense, net | $ | 43,316 |  |  | $ | 38,060 |  |  |  |  |
Stock-based compensation expense is included in the following categories: |  |  |  |  |  |  |
Cost of subscription and support revenue | $ | 3,450 |  |  | $ | 3,140 |  |  |  |  |
Cost of license revenue | — |  |  | 36 |  |  |  |  |
Cost of services revenue | 5,700 |  |  | 4,802 |  |  |  |  |
Research and development | 11,259 |  |  | 9,824 |  |  |  |  |
Sales and marketing | 11,822 |  |  | 9,688 |  |  |  |  |
General and administrative | 11,085 |  |  | 10,570 |  |  |  |  |
Total stock-based compensation expense | $ | 43,316 |  |  | $ | 38,060 |  |  |  |  |
Total unrecognized stock-based compensation expense related to the Company’s Stock Awards and ESPP purchase rights as of October 31, 2025 is as follows:
| Unrecognized Expense (in thousands) |  | Weighted Average Expected Recognition Period (in years)
Stock Awards | 414,392 |  |  | 2.4
ESPP purchase rights | 1,598 |  |  | 0.2
Total unrecognized stock-based compensation expense | $ | 415,990 |  |  |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | A summary of the Company’s Stock Awards activity under the Company’s equity incentive plans is as follows:
| Stock Awards Outstanding
| Number of Stock Awards |  | Weighted Average Grant Date Fair Value |  | Aggregate Intrinsic Value (in thousands)(1)
Balance as of July 31, 2025 | 2,672,857 |  |  | $ | 117.25 |  |  | $ | 604,654 |
Granted | 788,982 |  |  | $ | 234.25 |  |  |
Released | (482,304) |  |  | $ | 90.85 |  |  | $ | 121,985 |
Canceled | (20,101) |  |  | $ | 130.94 |  |  |
Balance as of October 31, 2025 | 2,959,434 |  |  | $ | 152.65 |  |  | $ | 691,442 |
Expected to vest as of October 31, 2025 | 2,959,434 |  |  | $ | 152.65 |  |  | $ | 691,442 |
(1) Aggregate intrinsic value at each period end represents the total market value of Stock Awards at the Company’s closing stock price of $233.64 and $226.22 on October 31, 2025 and July 31, 2025, respectively. Aggregate intrinsic value for released Stock Awards represents the total market value of released Stock Awards at date of release.
Schedule of Share-based Compensation, Stock Options, Activity | A summary of stock option activity under the Company’s equity incentive plans is as follows:
| Number of Stock Options Outstanding |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value(1)
|  |  |  |  | (in years) |  | (in thousands)
Balance as of July 31, 2025 | 109,958 |  |  | $ | 64.09 |  |  | 6.8 |  | $ | 17,828 |
Granted | — |  |  | $ | — |  |  |  |  |
Exercised | (6,171) |  |  | $ | 66.88 |  |  |  |  | $ | 1,152 |
Canceled | — |  |  | $ | — |  |  |  |  |
Balance as of October 31, 2025 | 103,787 |  |  | $ | 63.92 |  |  | 6.5 |  | $ | 17,614 |
Vested and expected to vest as of October 31, 2025 | 103,787 |  |  | $ | 63.92 |  |  | 6.5 |  | $ | 17,614 |
Exercisable as of October 31, 2025 | 103,787 |  |  | $ | 63.92 |  |  | 6.5 |  | $ | 17,614 |
(1) Aggregate intrinsic value at each period end represents the difference between the Company’s closing stock price of $233.64 and $226.22 on October 31, 2025 and July 31, 2025, respectively, and the exercise price of outstanding options. Aggregate intrinsic value for exercised options represents the difference between the Company’s stock price at date of exercise and the exercise price.
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The Company determined the fair value of the portion of the awards subject to the market performance of the Company’s common stock using a Monte Carlo simulation model, which included the following assumptions:
| Three Months Ended |  |
| October 31, |  |
| 2025 |  | 2024 |  |
Performance period | * |  | September 11, 2024 to September 11, 2027 |  |
3-year historical volatility | * |  | 36.0% |  |
3-year risk free rate | * |  | 3.4% |  |
*No Stock Awards subject to a market performance condition were granted during the three months ended October 31, 2025.

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- Definition Stockholders' equity and stock-based compensation. + References No definition available. + Details
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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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