Income Taxes

6 Months Ended

Apr. 30, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Note 6. Income Taxes

The effective tax rates for the three months ended April 30, 2025, and April 30, 2024, were 39.3% and 31.6%, respectively. The effective tax rates for the six months ended April 30, 2025, and April 30, 2024, were 35.5% and 32.0%, respectively. The increases were primarily due to changes in valuation allowance and a decrease in excess tax benefits from share-based compensation, partially offset by changes in unrecognized tax benefits and changes in the geographic composition of pre-tax earnings.