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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Operating activities:      
Net income $ 1,124 $ 1,112 $ 906
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization, and accretion 195 180 139
Stock-based compensation expense 788 683 703
Amortization of costs to obtain a contract with a customer 536 212 140
Deferred income taxes 301 (121) (86)
Lease-related asset impairments 0 0 14
Restructuring, other exit costs, and facility reductions 19 15 0
Other operating activities (10) (16) (52)
Changes in operating assets and liabilities, net of business combinations:      
Accounts receivable (431) (132) 86
Prepaid expenses and other assets (1,051) (488) (256)
Accounts payable and other liabilities 455 238 27
Deferred revenue 555 (134) (316)
Accrued income taxes (29) 58 8
Net cash provided by operating activities 2,452 1,607 1,313
Investing activities:      
Purchases of marketable securities (945) (815) (1,110)
Sales of marketable securities 318 223 277
Maturities of marketable securities 467 638 487
Purchases of intangible assets (33) (62) (30)
Business combinations, net of cash acquired 0 (825) (70)
Capital expenditures (43) (40) (31)
Purchases of strategic investments [1] (216) (22) (27)
Other investing activities 1 0 2
Net cash used in investing activities (451) (903) (502)
Financing activities:      
Proceeds from issuance of common stock, net of issuance costs 137 121 130
Taxes paid related to net share settlement of equity awards (289) (256) (187)
Repurchase and retirement of common stock (1,402) (852) (795)
Proceeds from debt, net of discount 499 0 0
Repayments of debt (300) 0 0
Other financing activities (6) 0 0
Net cash used in financing activities (1,361) (987) (852)
Effect of exchange rate changes on cash and cash equivalents 10 (10) (14)
Net (decrease) increase in cash and cash equivalents 650 (293) (55)
Cash and cash equivalents at beginning of fiscal year 1,599 1,892 1,947
Cash and cash equivalents at end of fiscal year 2,249 1,599 1,892
Supplemental cash flow disclosure:      
Cash paid for interest 76 69 69
Cash paid for income taxes, net of tax refunds 258 281 321
Non-cash investing and financing activities:      
Fair value of common stock issued to settle liability-classified restricted stock units $ 0 $ 4 $ 15
[1] Purchases of strategic investments” were previously presented in “Other investing activities”. Prior period amounts have been reclassified to conform to the current period presentation. This presentation change did not have any impact to “Net cash used in investing activities