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Employee Incentive Plans (Tables)
12 Months Ended
Jan. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense by Award Type
Stock-based compensation expense by award type was as follows:
 Year Ended January 31,
 202520242023
(dollars in millions)
Stock options$14 $45 $82 
RSUs 500 502 464 
ESPP 17 26 19 
Restricted stock awards34 111 112 
Total $565 $684 $677 
Schedule of Stock-based Compensation Expense by Statement of Operations Location
Stock-based compensation expense was recorded in the following cost and expense categories in the consolidated statements of operations:
 Year Ended January 31,
 202520242023
(dollars in millions)
Cost of revenue: 
Subscription$82 $75 $69 
Professional services and other12 15 14 
Research and development216 277 275 
Sales and marketing131 156 159 
General and administrative124 161 160 
Total$565 $684 $677 
Schedule of Stock Option Activity
A summary of stock option activity and related information was as follows:
 
Number of Options 
(in thousands)
Weighted-Average
Exercise Price 
Weighted-Average Remaining
Contractual Term
(Years)
Aggregate
Intrinsic Value
(in millions)
Outstanding as of January 31, 20245,038 $32.54 3.1$320 
Exercised (2,792)9.80 
Expired(43)206.35 
Forfeited(4)47.82 
Outstanding as of January 31, 20252,199 $57.98 2.8$137 
As of January 31, 2025
Vested and expected to vest2,199 $57.98 2.8$137 
Vested and exercisable 2,192 $57.33 2.8$137 
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity (inclusive of market-based RSUs) and related information was as follows:
 
Number of RSUs
(in thousands)
Weighted-Average
Grant Date Fair Value Per Share
Outstanding as of January 31, 20249,080 $111.03 
Granted4,859 96.98 
Vested(4,361)114.57 
Forfeited(1,780)108.11 
Outstanding as of January 31, 20257,798 $100.97 
Schedule of ESPP Black-Scholes Option Pricing Model Estimated Fair Value Assumptions
The Company estimated the fair value of ESPP purchase rights using a Black-Scholes option pricing model with the following assumptions:
Year Ended January 31,
202520242023
Expected volatility
42% - 44%
46% - 74%
63% - 90%
Expected term (in years)
0.5 - 1.0
0.5 - 1.0
0.5 - 1.0
Risk-free interest rate
4.26% - 5.36%
4.84% - 5.41%
2.46% - 4.67%
Expected dividend yield