v3.25.4
Stockholders' Equity (Tables)
12 Months Ended
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions and fair value per share:
 Fiscal Year Ended January 31,
202620252024
Volatility
36
%
33 - 36
%
35 - 40
%
Estimated life4.2 years5.2 years3.5 years
Risk-free interest rate
4.0
%
4.3 - 4.5
%
3.6 - 4.3
%
Weighted-average fair value per share of grants$92.06 $114.96 $66.95 
Summary of Share-based Compensation, Stock Options, Activity
Stock option activity for fiscal 2026 was as follows:
  Options Outstanding
 Shares
Available for
Grant
(in millions)
Outstanding
Stock
Options
(in millions)
Weighted-
Average
Exercise Price
Aggregate
Intrinsic Value (in millions)
Balance as of January 31, 202573 $198.89 
Increase in shares authorized:
2013 Equity Incentive Plan34 
2014 Inducement Plan
Restricted stock activity(22)
Exercised(2)176.12 
Balance as of January 31, 202687 $207.54 $137 
Vested or expected to vest$207.04 $135 
Exercisable as of January 31, 2026$199.85 $115 
Schedule of Stock Options Outstanding
The following table summarizes information about stock options outstanding as of January 31, 2026:
 Options OutstandingOptions Exercisable
Range of Exercise
Prices
Number
Outstanding
(in millions)
Weighted-
Average
Remaining
Contractual Life
(Years)
Weighted-
Average
Exercise
Price
Number of
Shares
(in millions)
Weighted-
Average
Exercise
Price
$1.34 to $160.17
2.2$131.00 $136.25 
$161.50 to $215.17
2.3197.71 199.01 
$218.21
3.1218.21 218.21 
$218.63 to $307.77
3.9266.99 252.82 
2.8$207.54 $199.85 
Schedule of Restricted Stock Activity
Restricted stock activity for fiscal 2026 was as follows:
 Restricted Stock Outstanding
 Outstanding
(in millions)
Weighted Average Grant Date Fair ValueAggregate
Intrinsic
Value (in millions)
Balance as of January 31, 202526 $250.50 
Granted - restricted stock units and awards14 271.38 
Granted - performance-based restricted stock units272.68 
Canceled(3)256.40 
Vested and converted to shares(13)244.71 
Balance as of January 31, 202626 $265.64 $5,332 
Expected to vest22 $4,692 
Summary of Share-based Payment Arrangement, Expensed and Capitalized, Amount
The aggregate expected stock-based compensation expense remaining to be recognized as of January 31, 2026 was as follows (in millions):
Fiscal Period:
Fiscal 20272,866 
Fiscal 20281,946 
Fiscal 20291,016 
Fiscal 2030214 
Total stock-based compensation expense$6,042 
Schedule Of Shares Of Common Stock Available For Future Issuance Under Stock Option Plans
The following number of shares of common stock were reserved and available for future issuance at January 31, 2026 (in millions):
Options outstanding
Restricted stock awards and units and performance-based stock units outstanding25 
Stock available for future grant or issuance:
2013 Equity Incentive Plan87 
2014 Inducement Plan
Amended and Restated 2004 Employee Stock Purchase Plan10 
129 
Summary of Repurchases Under Share Repurchase Program
The Company repurchased the following under its Share Repurchase Program (in millions, except average price per share):
202620252024
SharesAverage price per shareAmountSharesAverage price per shareAmountSharesAverage price per shareAmount
Fiscal year ended January 3150 $254.21 $12,677 30 $260.12 $7,757 36 $210.30 $7,674 
Summary of Dividends Declared
The Company announced the following dividends:
Quarter EndedRecord DatePayment DateDividend per ShareAmount
(in millions)
Fiscal 2026
April 30, 2025April 10, 2025April 24, 2025$0.416 $406 
July 31, 2025June 18, 2025July 10, 2025$0.416 $404 
October 31, 2025September 17, 2025October 9, 2025$0.416 $400 
January 31, 2026December 18, 2025January 8, 2026$0.416 $395 
Fiscal 2025
April 30, 2024March 14, 2024April 11, 2024$0.40 $388 
July 31, 2024July 9, 2024July 25, 2024$0.40 $388 
October 31, 2024September 18, 2024October 8, 2024$0.40 $385 
January 31, 2025December 18, 2024January 9, 2025$0.40 $388