Provision for Income Taxes

3 Months Ended

Oct. 31, 2025

Income Tax Disclosure [Abstract]

Provision for Income Taxes

Provision for Income Taxes

The overall effective income tax rate for the three months ended October 31, 2025 was 28.7%. This rate was negatively impacted by certain losses in foreign jurisdictions without an associated tax benefit and changes in statutory tax rates in certain foreign jurisdictions during the three months ended October 31, 2025. The overall effective income tax rate for the three months ended October 31, 2024 was 24.5%, which was favorably impacted by certain foreign tax rate differences which include certain interest income not subject to corporate income tax. The favorable foreign rate differential was partially offset by additional tax expense related to the jurisdictional mix of earnings between foreign and domestic operations during the three months ended October 31, 2024.

Within the next 12 months, the Company does not anticipate any material changes in its unrecognized tax benefits as of October 31, 2025.