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Employee Incentive Plans
9 Months Ended
Oct. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Employee Incentive Plans Employee Incentive Plans
The Company’s equity incentive plans provide for granting stock options, restricted stock units (“RSUs”), restricted stock awards (“RSAs”) to employees, consultants, officers and directors and RSUs with market-based vesting conditions to certain executives. In addition, the Company offers an Employee Stock Purchase Plan (“ESPP”) to eligible employees.
Stock-based compensation expense was recorded in the following cost and expense categories in the Company’s condensed consolidated statements of operations:
 Three Months Ended
October 31,
Nine Months Ended
October 31,
 2025202420252024
(dollars in millions)
Cost of revenue    
Subscription$19 $20 $57 $61 
Professional services and other
Research and development49 49 147 168 
Sales and marketing33 33 100 99 
General and administrative34 30 98 97 
Total$138 $135 $410 $434 
The following table presents total unrecognized stock-based compensation expense related to outstanding equity awards as of October 31, 2025:
 Unrecognized Stock-based Compensation Expense
(in millions)
Weighted-average remaining period
(in years)
Unvested RSUs$664 1.8 years
Unvested RSAs22 2.1 years
ESPP0.3 years
Total$689 
Market-based Restricted Stock Units
In March 2025, the Company granted market-based RSUs to certain members of management. The target number of market-based RSUs granted was 322,599. One-third of these market-based RSUs vest over each of a one-, two- and three-year performance period, each starting on February 1, 2025. The number of shares that can be earned ranges from 0% to 200% of the target number of shares based on the relative performance of the per share price of the Company’s common stock as compared to the Nasdaq Composite Index over the respective performance periods and subject to continuous employment through the vesting dates. The $196.20 average grant date fair value per target market-based RSU was determined using a Monte Carlo simulation approach. Compensation expense for awards with market conditions is recognized over the service period using the accelerated attribution method and is not reversed if the market condition is not met.