Subsequent Events

9 Months Ended

Oct. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

We have evaluated subsequent events from the balance sheet date through November 26, 2024, the date at which the condensed consolidated financial statements were available to be issued.

In November 2024, our Board of Directors authorized the repurchase of an additional $1.2 billion of our outstanding Class A common stock. Repurchases of our Class A common stock may be effected, from time to time, either on the open market (including pre-set trading plans), in privately negotiated transactions, and other transactions in accordance with applicable securities laws.

The timing and the amount of any repurchased Class A common stock will be determined by our management based on its evaluation of market conditions and other factors. The repurchase program will be funded using our working capital. Any repurchased shares of Class A common stock will be retired. The repurchase program does not obligate us to acquire any particular amount of Class A common stock, and the repurchase program may be suspended or discontinued at any time at our discretion.

This authorization is in addition to the amount remaining under the prior authorization for the share repurchase program. As of November 26, 2024, approximately $2.0 billion of the total repurchase authorizations remained available.