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Equity (Tables)
 12 Months Ended
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Reserved for Future Issuance
The Company had reserved shares of common stock for future issuance under the Company’s equity incentive plans as follows (in thousands):

January 31, 2026January 31, 2025
2012 Equity Incentive Plan:
Options outstanding12,274 20,067 
2020 Equity Incentive Plan:
Options outstanding1,492 1,586 
Restricted stock units outstanding21,537 24,790 
Shares available for future grants78,590 64,834 
2020 Employee Stock Purchase Plan:
Shares available for future grants18,967 16,446 
Total
132,860 127,723 
Share Repurchase Activity
The following table summarizes the stock repurchase activity under the Company’s stock repurchase program (in thousands, except per share data):

Fiscal Year Ended January 31,
202620252024
Number of shares repurchased4,925 14,765 4,012 
Weighted-average price per share(1)
$177.37 $130.87 $147.49 
Aggregate purchase price(1)
$873,471 $1,932,164 $591,673 
________________
(1)Excludes transaction costs and excise tax, if any, associated with the repurchases.
Option Activity Rollforward
A summary of stock option activity during the fiscal years ended January 31, 2026, 2025, and 2024 is as follows:

Number of Options Outstanding
(in thousands)		Weighted-
Average
Exercise Price		Weighted-Average Remaining Contractual Life
(in years)		Aggregate
Intrinsic
Value
(in thousands)
Balance—January 31, 2023
35,854$11.27 5.9$5,237,549 
Exercised(8,357)$6.84 
Canceled(128)$70.59 
Balance—January 31, 2024
27,369$12.35 5.0$5,023,664 
Granted1,037$163.17 
Exercised(6,608)$6.79 
Canceled(145)$78.83 
Balance—January 31, 2025
21,653$20.83 4.2$3,493,648 
Exercised(7,880)$10.68 
Canceled(7)$150.84 
Balance—January 31, 2026
13,766$26.56 3.1$2,294,028 
Vested and expected to vest as of January 31, 2026
13,766$26.56 3.1$2,294,028 
Exercisable as of January 31, 2026
13,110$19.64 3.0$2,275,215 
Option Rollforward Schedule
A summary of stock option activity during the fiscal years ended January 31, 2026, 2025, and 2024 is as follows:

Number of Options Outstanding
(in thousands)		Weighted-
Average
Exercise Price		Weighted-Average Remaining Contractual Life
(in years)		Aggregate
Intrinsic
Value
(in thousands)
Balance—January 31, 2023
35,854$11.27 5.9$5,237,549 
Exercised(8,357)$6.84 
Canceled(128)$70.59 
Balance—January 31, 2024
27,369$12.35 5.0$5,023,664 
Granted1,037$163.17 
Exercised(6,608)$6.79 
Canceled(145)$78.83 
Balance—January 31, 2025
21,653$20.83 4.2$3,493,648 
Exercised(7,880)$10.68 
Canceled(7)$150.84 
Balance—January 31, 2026
13,766$26.56 3.1$2,294,028 
Vested and expected to vest as of January 31, 2026
13,766$26.56 3.1$2,294,028 
Exercisable as of January 31, 2026
13,110$19.64 3.0$2,275,215 
Schedule of Unvested RSU Rollforward
A summary of equity-classified RSUs activity during the fiscal years ended January 31, 2026, 2025, and 2024 is as follows:

Number of Shares
(in thousands)
Weighted-Average Grant-Date Fair Value
per Share
Unvested Balance—January 31, 2023
15,560 $181.17 
Granted
12,706 $158.28 
Vested(6,810)$172.38 
Forfeited(1,881)$176.44 
Unvested Balance—January 31, 2024
19,575 $169.82 
Granted
17,096 $142.07 
Vested(9,900)$168.04 
Forfeited(3,367)$163.07 
Performance adjustment(1)
(50)$139.58 
Unvested Balance—January 31, 2025
23,354 $151.30 
Granted
10,232 $180.56 
Vested(9,490)$156.86 
Forfeited(3,849)$155.61 
Performance adjustment(1)
(176)$163.04 
Unvested Balance—January 31, 2026
20,071 $162.66 
________________
(1)Represents an adjustment in the number of shares outstanding, with regards to Leadership PRSUs granted during each of the fiscal years ended January 31, 2025 and January 31, 2024, based on the actual achievement of the associated Company annual performance targets for the respective fiscal year.
A summary of liability-classified RSUs activity during the fiscal years ended January 31, 2026, 2025 and 2024 is as follows:

Number of Shares
(in thousands)
Unvested Balance—January 31, 2023
— 
Granted(1)
1,382 
Unvested Balance—January 31, 2024
1,382 
Granted(1)
118 
Forfeited(64)
Unvested Balance—January 31, 2025
1,436 
Granted(1)
75 
Forfeited(45)
Unvested Balance—January 31, 2026
1,466 
________________
(1)Represents the maximum number of Acquisition PRSUs that may be eligible to vest with respect to these awards over their full term.
Schedule of Unvested RSA Rollforward
A summary of restricted common stock activity outside of the Plans during the fiscal years ended January 31, 2026, 2025 and 2024 is as follows:
Outside of the Plans
Number of Shares
(in thousands)
Weighted-Average Grant-Date Fair Value
per Share
Unvested Balance—January 31, 2023
428 $219.26 
Granted385 $194.28 
Vested(142)$199.28 
Unvested Balance—January 31, 2024
671 $209.15 
Granted445 $162.15 
Vested(219)$213.81 
Forfeited(76)$226.91 
Unvested Balance—January 31, 2025
821 $180.82 
Granted29 $244.66 
Vested(334)$184.36 
Unvested Balance—January 31, 2026
516 $182.07 
Schedule of Valuation Assumptions The following table summarizes the assumptions used in estimating the grant-date fair values of stock options granted to employees during the fiscal year ended January 31, 2025:
Fiscal Year Ended January 31, 2025
Expected term (in years)
4.8 - 6.0
Expected volatility
56.6% - 56.7%
Risk-free interest rate
4.2% - 4.4%
Expected dividend yield—%
Schedule of Valuation Assumptions Other than Stock Options
The following table summarizes the assumptions used in estimating the fair values of ESPP Rights granted under the 2020 ESPP during the fiscal years ended January 31, 2026, 2025 and 2024:

Fiscal Year Ended January 31,
202620252024
Expected term (in years)0.50.50.5
Expected volatility
48.4% - 54.1%
46.3% - 49.6%
48.4% - 71.3%
Risk-free interest rate
3.8% - 4.3%
4.5% - 5.4%
4.7% - 5.5%
Expected dividend yield
—%
—%—%
Schedule of Valuation Assumptions, Liability-Classified Performance Shares
The following table summarizes the assumptions used in estimating the fair value of liability-classified Acquisition PRSUs as of January 31, 2026, 2025 and 2024:

Fiscal Year Ended January 31,
202620252024
Expected volatility50.0%50.0%60.0%
Risk-free interest rate3.5%4.2%4.0%
Share-based Compensation Schedule
Stock-based compensation included in the consolidated statements of operations was as follows (in thousands):

Fiscal Year Ended January 31,
202620252024
Cost of revenue$139,170 $142,163 $123,363 
Sales and marketing378,886 331,807 299,657 
Research and development935,418 852,027 644,928 
General and administrative146,073 153,317 100,067 
Stock-based compensation, net of amounts capitalized1,599,547 1,479,314 1,168,015 
Capitalized stock-based compensation— 38,493 48,830 
Total stock-based compensation$1,599,547 $1,517,807 $1,216,845