Net Income Per Share

12 Months Ended

Jan. 31, 2026

The following table sets forth the computation of basic and diluted net income per share for the periods presented:


	Year Ended January 31,
		2026		2025				2024
				Class A		Class B		Class A		Class B		Class A		Class B

Numerator:			(in thousands, except share and per share data)



Net income, basic				$	1,679,924	$	220,224	$	861,755	$	148,483	$	538,554	$	98,908
Reallocation of net income				(5,267)		5,267		(5,170)		5,170		(4,653)		4,653
Net income, diluted				$	1,674,657	$	225,491	$	856,585	$	153,653	$	533,901	$	103,561
Denominator:
Weighted-average shares used in computing net income per share, basic				265,676,002		34,827,785		262,715,505		45,266,466		254,084,540		46,663,622
Weighted-average shares used in computing net income per share, diluted				270,861,859		36,471,326		267,148,873		47,920,709		258,398,674		50,121,223
Net income per share, basic				$	6.32	$	6.32	$	3.28	$	3.28	$	2.12	$	2.12
Net income per share, diluted				$	6.18	$	6.18	$	3.21	$	3.21	$	2.07	$	2.07

The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented because including them would have been anti-dilutive are as follows:


	Year Ended January 31,
		2026	2025		2024
			Class A	Class B	Class A	Class B	Class A	Class B

Outstanding stock options			86,576	—	95,963	—	109,441	—
Unvested RSUs			1,550,584	—	8,082,027	—	9,124,205	—
Purchase rights committed under the ESPP			312,869	—	1,236,530	—	1,789,166	—

Total			1,950,029	—	9,414,520	—	11,022,812	—

For the years ended January 31, 2026, 2025, and 2024, the table above does not include 164,192 of issued Class A common stock held by us that are reserved for the sole purpose of being transferred to nonprofit organizations.