Segment Information

6 Months Ended

Jul. 31, 2025

Segment Reporting [Abstract]

Segment Information

Segment information

Our CEO is the Chief Operating Decision Maker (“CODM”) of the Company. The Company manages the business activities on a consolidated basis and all information provided to and reviewed by our CODM is compiled at the consolidated entity level. Therefore, we have only one operating and reportable segment. The description of the types of products and services from which the reportable segment derives its revenue is the same as those described in the Summary of Business and Significant Accounting Policies.

The measure of segment profit or loss that our CODM uses to allocate resources and assess performance is our consolidated net income. The CODM uses net income to monitor results and to decide whether to reinvest profits. Our CODM does not assess segment performance or make decisions using asset or liability information.

The following table summarizes the significant segment expenses regularly provided to the CODM as well as other segment items:

	Three Months Ended July 31,				Six Months Ended July 31,
	2025		2024		2025		2024
	(in thousands)
Revenue	$	1,217,227	$	1,162,520	$	2,391,942	$	2,303,754
Adjusted cost of revenue (1)	245,413		249,315		490,044		485,453
Adjusted research and development (1)	133,797		120,650		260,876		237,370
Adjusted sales and marketing (1)	271,648		271,199		543,447		535,781
Adjusted general and administrative (1)	63,143		65,814		127,023		133,011
Stock-based compensation expense	188,699		237,950		390,268		467,375
Interest income	(81,159)		(88,260)		(162,940)		(166,248)
Other segment items (2)	(52,476)		12,963		(20,703)		26,159
Provision for income taxes	89,570		73,874		150,732		149,530
Segment net income	358,592		219,015		613,195		435,323
Adjustments and reconciling items	—		—		—		—
Consolidated net income	$	358,592	$	219,015	$	613,195	$	435,323

(1) Excludes stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net

(2) Includes stock-based compensation related payroll taxes, acquisition-related expenses, litigation settlements, net, gains on strategic investments, net, and other income, net excluding interest income