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Stockholders’ Equity and Equity Incentive Plans
 3 Months Ended
Apr. 30, 2022
Stockholders' Equity Note [Abstract]  
Stockholders’ Equity and Equity Incentive Plans Stockholders’ Equity and Equity Incentive Plans
Common Stock
Our amended and restated certificate of incorporation authorizes the issuance of 2,000,000,000 shares of Class A common stock, $0.001 par value per share, and 300,000,000 shares of Class B common stock, $0.001 par value per share. Class A and Class B common stock are referred to as common stock throughout the notes to the condensed consolidated financial statements, unless otherwise noted.
Stock Repurchase Plan
In February 2022, our Board of Directors authorized a stock repurchase program of up to $1.0 billion of our Class A common stock, which expires in February 2024. Repurchases of our Class A common stock may be effected from time to time, either on the open market (including preset trading plans), in privately negotiated transactions, and other transactions in accordance with applicable securities laws. The program does not obligate us to repurchase any specific number of shares and may be discontinued at any time.
During the three-months ended April 30, 2022, we repurchased and subsequently retired 1,224,250 shares of our Class A common stock for an aggregate amount of $132.4 million. As of April 30, 2022, $867.6 million of the repurchase authorization remained available.
Equity Incentive Plans
We have two equity incentive plans: the 2011 Global Share Plan (“2011 Plan”) and the 2019 Equity Incentive Plan (“2019 Plan”). All shares that remain available for future grants are under the 2019 Plan.
Stock Options
A summary of stock option activity under our equity incentive plan and related information is as follows:
 Stock Options
Outstanding
Stock
Options		Weighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Life (Years)		Aggregate
Intrinsic
Value
(in thousands, except share, life, and per share data)
Balance as of January 31, 20226,195,205 $8.08 6.0$905,744 
Exercised(543,518)$5.99 $60,844 
Canceled/forfeited/expired(57,576)$22.75 
Outstanding as of April 30, 20225,594,111 $8.13 5.8$511,520 
Vested and expected to vest as of April 30, 20225,594,111 $8.13 5.8$511,520 
Exercisable as of April 30, 20224,823,299 $6.25 5.6$450,113 
As of April 30, 2022, unrecognized stock-based compensation expense related to outstanding unvested stock options was $12.7 million, which is expected to be recognized over a weighted-average period of 0.6 years.
Restricted Stock Units
A summary of restricted stock unit (“RSU”) activity under our equity incentive plan and related information is as follows:
RSUs
Unvested
RSUs		Weighted-
Average
Grant Date Fair Value Per Share
Unvested as of January 31, 20225,546,366 $232.58 
Granted4,948,266 $108.15 
Vested(467,160)$230.67 
Canceled/forfeited(342,851)$192.07 
Unvested as of April 30, 20229,684,621 $170.51 
In March 2022, an update made to our equity compensation program resulted in the modification of the value of RSUs offered to our employees. This had an immaterial impact on our condensed consolidated statement of operations for the three months ended April 30, 2022.
As of April 30, 2022, unrecognized stock-based compensation expense related to RSUs was $2,173.6 million, including the impact of the modification, which is expected to be recognized over a weighted-average period of 3.0 years.
2019 Employee Stock Purchase Plan
In April 2019, we adopted the 2019 Employee Stock Purchase Plan (“ESPP”). As of April 30, 2022, unrecognized stock-based compensation expense related to the ESPP was $51.9 million, which is expected to be recognized over a weighted-average period of 1.3 years.
Stock-Based Compensation
The stock-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows:
Three Months Ended April 30,
20222021
(in thousands)
Cost of revenue$31,150 $14,066 
Research and development55,751 20,819 
Sales and marketing93,795 51,812 
General and administrative28,667 12,272 
Total stock-based compensation expense209,363 98,969 
Benefit from income taxes(42,915)— 
Total stock-based compensation expense recorded to net income$166,448 $98,969