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Employee Incentive Plans and Stockholders’ Equity | 3 Months Ended
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Apr. 30, 2026
Share-Based Payment Arrangement [Abstract] |
Employee Incentive Plans and Stockholders’ Equity | Employee Incentive Plans and Stockholders’ Equity The Company’s equity incentive plans provide for granting stock options, restricted stock units (“RSUs”) and 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 April 30, |  |
| 2026 |  | 2025 |  |  |  |
| (dollars in millions)
Cost of revenue |  |  |  |  |  |  |
Subscription | $ | 16 |  |  | $ | 17 |  |  |  |  |
Professional services and other | 2 |  |  | 3 |  |  |  |  |
Research and development | 41 |  |  | 47 |  |  |  |  |
Sales and marketing | 29 |  |  | 32 |  |  |  |  |
General and administrative | 29 |  |  | 29 |  |  |  |  |
Total | $ | 117 |  |  | $ | 128 |  |  |  |  |
The following table presents total unrecognized stock-based compensation expense related to outstanding equity awards as of April 30, 2026:
| Unrecognized Stock-based Compensation Expense (in millions) |  | Weighted-average remaining period (in years) |  |
Unvested RSUs | $ | 763 |  |  | 2.3 years |  |  |  |
Unvested RSAs | 14 |  |  | 2.0 years |  |  |  |
Unvested market-based RSUs | 87 |  |  | 1.6 years |  |  |  |
ESPP | 10 |  |  | 0.6 years |  |  |  |
Total | $ | 874 |  |  |  |  |  |  |
Market-based Restricted Stock Units In March 2026, the Company granted market-based RSUs to certain members of management. The target number of market-based RSUs granted was 396,603. One-third of these market-based RSUs vest over each of a one-, two- and three-year performance period, each starting on February 1, 2026. 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 $133.81 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. Share Repurchase Program In January 2026, the Company’s board of directors (the “board”) authorized a stock repurchase program (the “Share Repurchase Program”) of up to $1 billion of the Company’s outstanding shares of Class A common stock. The Company may repurchase shares of its Class A common stock from time to time through open market purchases, in privately negotiated transactions, or by other means. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18. The Company may also, from time to time, enter into Rule 10b5-1 trading plans to facilitate repurchases of shares. The timing and the amount of stock repurchases under the Share Repurchase Program will be determined by the Company’s management, based on its evaluation of factors including business and market conditions, corporate and regulatory requirements, and other considerations. The Share Repurchase Program does not obligate the Company to repurchase any specific number of shares and may be modified, suspended, or terminated at any time. During the three months ended April 30, 2026, the Company repurchased and immediately retired 3,026,820 shares of its Class A common stock for an aggregate amount, including commissions, of $241 million under the Share Repurchase Program. As of April 30, 2026, $680 million of the originally authorized amount under the Share Repurchase Program remained available for future repurchases.

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