Income Taxes (Tables)

12 Months Ended

Jul. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Before Taxes

Income before taxes consisted of the following:

	Year Ended July 31,
(In thousands)	2025		2024		2023
U.S.	$	1,686,794	$	1,593,381	$	1,437,126
International	208,787		121,220		117,202
Total income before taxes	$	1,895,581	$	1,714,601	$	1,554,328

Schedule of Income Tax Expense (Benefit) from Continuing Operations

Income tax expense (benefit) from continuing operations consisted of the following:

	Year Ended July 31,
(In thousands)	2025		2024		2023
Federal:
Current	$	272,836	$	271,820	$	243,253
Deferred	(12,654)		(1,174)		(4,642)
	260,182		270,646		238,611
State:
Current	37,487		49,539		47,507
Deferred	(2,576)		(1,611)		813
	34,911		47,928		48,320
International:
Current	51,113		34,179		26,150
Deferred	1,012		(499)		3,506
	52,125		33,680		29,656
Income tax expense	$	347,218	$	352,254	$	316,587

Schedule of Reconciliation of Expected U.S. Statutory Tax Rate

A reconciliation of the expected U.S. statutory tax rate to the actual effective income tax rate is as follows:

	Year Ended July 31,
(In thousands)	2025		2024		2023
Federal statutory rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal income tax benefit	2.1	%	2.4	%	2.0	%
International rate differential	0.3	%	0.1	%	(0.3)	%
Compensation and fringe benefits	(1.6)	%	(0.7)	%	(1.0)	%
FDII and/or GILTI	(2.8)	%	(2.8)	%	(2.8)	%
Federal return to provision adjustment	(0.1)	%	—	%	(0.1)	%
Other differences	(0.6)	%	0.5	%	1.6	%
Effective tax rate	18.3	%	20.5	%	20.4	%

Schedule of Deferred Tax Assets (Liabilities)

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets (liabilities) are presented below:

	July 31,
(In thousands)	2025		2024
Deferred tax assets:
Allowance for credit loss	$	2,794	$	2,483
Accrued compensation and benefits	24,868		22,957
Operating lease liabilities	21,213		24,897
Accrued other	3,233		5,528
Deferred revenue	5,989		5,544
Losses carried forward/interest disallowance	52,256		48,599
Federal tax benefit	7,974		12,821
Total gross deferred tax assets	118,327		122,829
Less: Valuation allowance	(50,311)		(47,377)
Net deferred tax assets	68,016		75,452
Deferred tax liabilities:
Vehicle pooling costs	(25,018)		(27,716)
Property and equipment	(58,782)		(74,741)
Operating lease right-of-use assets	(21,655)		(24,612)
Other prepaids	(2,420)		(2,339)
Intangibles and goodwill	(38,586)		(38,279)
Total gross deferred tax liabilities	(146,461)		(167,687)
Net deferred tax liabilities	$	(78,445)	$	(92,235)

Schedule of Unrecognized Tax Benefits

The following table summarizes the activities related to the Company’s unrecognized tax benefits resulting from uncertain tax positions.

	July 31,
(In thousands)	2025		2024		2023
Beginning balance	$	45,725	$	57,445	$	55,754
Increases related to current year tax positions	—		2,955		10,006
Prior year tax positions:
Increases recognized during the period	126		11		1,388
Decreases recognized during the period	(9,724)		(7,070)		(7,623)
Cash settlements during the period	(8,951)		(6,062)		(403)
Lapse of statute of limitations	(1,950)		(1,554)		(1,677)
Ending balance	$	25,226	$	45,725	$	57,445