Workday (WDAY) 10-Q 24 Aug 23 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	6 Months Ended
	Jul. 31, 2023	Aug. 22, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2023
Document Transition Report	false
Entity File Number	001-35680
Entity Registrant Name	WORKDAY, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-2480422
Entity Address, Address Line One	6110 Stoneridge Mall Road
Entity Address, City or Town	Pleasanton
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94588
City Area Code	925
Local Phone Number	951-9000
Title of 12(b) Security	Class A Common Stock, par value $0.001
Trading Symbol	WDAY
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001327811
Current Fiscal Year End Date	--01-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		207
Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		55

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,435,690	$ 1,886,311
Marketable securities	5,221,401	4,235,083
Trade and other receivables, net	1,270,936	1,570,086
Deferred costs	198,677	191,054
Prepaid expenses and other current assets	254,990	225,690
Total current assets	8,381,694	8,108,224
Property and equipment, net	1,221,834	1,201,254
Operating lease right-of-use assets	262,140	249,278
Deferred costs, noncurrent	415,687	420,988
Acquisition-related intangible assets, net	263,056	305,465
Goodwill	2,840,044	2,840,044
Other assets	350,860	360,985
Total assets	13,735,315	13,486,238
Current liabilities:
Accounts payable	88,814	153,751
Accrued expenses and other current liabilities	259,426	260,131
Accrued compensation	425,911	563,548
Unearned revenue	3,308,998	3,559,393
Operating lease liabilities	98,810	91,343
Total current liabilities	4,181,959	4,628,166
Debt, noncurrent	2,977,845	2,975,934
Unearned revenue, noncurrent	60,463	74,540
Operating lease liabilities, noncurrent	192,138	181,799
Other liabilities	48,357	40,231
Total liabilities	7,460,762	7,900,670
Stockholders’ equity:
Common stock	263	259
Additional paid-in capital	9,637,303	8,828,639
Treasury stock	(323,695)	(185,047)
Accumulated other comprehensive income (loss)	(6,780)	53,051
Accumulated deficit	(3,032,538)	(3,111,334)
Total stockholders’ equity	6,274,553	5,585,568
Total liabilities and stockholders’ equity	$ 13,735,315	$ 13,486,238

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Revenues:
Total revenues		$ 1,786,766	$ 1,535,798	$ 3,471,078	$ 2,970,455
Costs and expenses:
Product development	[1]	609,677	547,835	1,210,134	1,089,344
Sales and marketing	[1]	524,186	458,701	1,042,823	888,002
General and administrative	[1]	168,546	140,255	336,120	274,124
Total costs and expenses		1,750,509	1,569,876	3,454,621	3,077,376
Operating income (loss)		36,257	(34,078)	16,457	(106,921)
Other income (expense), net		45,555	(32,789)	72,264	(52,952)
Income (loss) before provision for (benefit from) income taxes		81,812	(66,867)	88,721	(159,873)
Provision for (benefit from) income taxes		3,152	(2,709)	9,925	6,458
Net income (loss)		$ 78,660	$ (64,158)	$ 78,796	$ (166,331)
Net income (loss) per share, basic (in dollars per share)		$ 0.30	$ (0.25)	$ 0.30	$ (0.66)
Net income (loss) per share, diluted (in dollars per share)		$ 0.30	$ (0.25)	$ 0.30	$ (0.66)
Weighted-average shares used to compute net income (loss) per share, basic (in shares)		261,191	254,355	260,026	253,071
Weighted-average shares used to compute net income (loss) per share, diluted (in shares)		264,435	254,355	262,923	253,071
Subscription services
Revenues:
Total revenues		$ 1,623,939	$ 1,367,335	$ 3,151,848	$ 2,639,411
Costs and expenses:
Total costs and expenses	[1]	255,684	244,982	494,711	477,904
Professional services
Revenues:
Total revenues		162,827	168,463	319,230	331,044
Costs and expenses:
Total costs and expenses	[1]	$ 192,416	$ 178,103	$ 370,833	$ 348,002
[1] (1) Costs and expenses include share-based compensation expenses as follows: Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Costs of subscription services $ 29,988 $ 25,090 $ 59,250 $ 51,320 Costs of professional services 28,754 25,838 58,794 53,422 Product development 161,975 147,181 331,909 300,485 Sales and marketing 66,632 59,878 146,755 119,047 General and administrative 64,563 50,020 124,664 95,239 Total share-based compensation expenses $ 351,912 $ 308,007 $ 721,372 $ 619,513

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Total share-based compensation expenses	$ 351,912	$ 308,007	$ 721,372	$ 619,513
Costs of subscription services
Total share-based compensation expenses	29,988	25,090	59,250	51,320
Costs of professional services
Total share-based compensation expenses	28,754	25,838	58,794	53,422
Product development
Total share-based compensation expenses	161,975	147,181	331,909	300,485
Sales and marketing
Total share-based compensation expenses	66,632	59,878	146,755	119,047
General and administrative
Total share-based compensation expenses	$ 64,563	$ 50,020	$ 124,664	$ 95,239

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 78,660	$ (64,158)	$ 78,796	$ (166,331)
Other comprehensive income (loss):
Net change in foreign currency translation adjustment	1,292	(985)	534	(2,907)
Net change in unrealized gains (losses) on available-for-sale debt securities	(17,636)	(1,357)	(11,570)	(10,281)
Net change in unrealized gains (losses) on cash flow hedges, net of tax provision of $(523), $0, $1,554, and $0, respectively	(33,086)	22,194	(48,795)	68,440
Other comprehensive income (loss)	(49,430)	19,852	(59,831)	55,252
Comprehensive income (loss)	$ 29,230	$ (44,306)	$ 18,965	$ (111,079)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Statement of Comprehensive Income [Abstract]
Change in unrealized gain (losses) on cash flow hedges, tax provision	$ (523)	$ 0	$ 1,554	$ 0

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common stock:	Additional paid-in capital:	Treasury stock:	Accumulated other comprehensive income (loss):	Accumulated deficit:
Balance, beginning (in shares) at Jan. 31, 2022		251,209
Balance, beginning at Jan. 31, 2022		$ 251	$ 7,284,174	$ (12,467)	$ 7,709	$ (2,744,585)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes (in shares)		4,276
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes		$ 4	84,288
Share-based compensation			619,513
Exercise of convertible senior notes hedges			122	(121)
Common stock repurchased (in shares)		0
Common stock repurchases under share repurchase program				0
Other comprehensive income (loss)	$ 55,252				55,252
Net income (loss)	(166,331)					(166,331)
Settlement of convertible senior notes (in shares)		1
Settlement of convertible senior notes			(1)
Purchase of treasury stock from the exercise of convertible senior notes hedges (in shares)		(1)
Balance, ending (in shares) at Jul. 31, 2022		255,485
Balance, ending at Jul. 31, 2022	5,127,808	$ 255	7,988,096	(12,588)	62,961	(2,910,916)
Balance, beginning (in shares) at Jan. 31, 2022		251,209
Balance, beginning at Jan. 31, 2022		$ 251	7,284,174	(12,467)	7,709	(2,744,585)
Balance, ending (in shares) at Jan. 31, 2023		257,991
Balance, ending at Jan. 31, 2023	5,585,568	$ 259	8,828,639	(185,047)	53,051	(3,111,334)
Balance, beginning (in shares) at Apr. 30, 2022		253,679
Balance, beginning at Apr. 30, 2022		$ 253	7,596,787	(12,584)	43,109	(2,846,758)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes (in shares)		1,806
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes		$ 2	83,300
Share-based compensation			308,007
Exercise of convertible senior notes hedges			3	(4)
Common stock repurchased (in shares)		0
Common stock repurchases under share repurchase program				0
Other comprehensive income (loss)	19,852				19,852
Net income (loss)	(64,158)					(64,158)
Settlement of convertible senior notes (in shares)		0
Settlement of convertible senior notes			(1)
Purchase of treasury stock from the exercise of convertible senior notes hedges (in shares)		0
Balance, ending (in shares) at Jul. 31, 2022		255,485
Balance, ending at Jul. 31, 2022	5,127,808	$ 255	7,988,096	(12,588)	62,961	(2,910,916)
Balance, beginning (in shares) at Jan. 31, 2023		257,991
Balance, beginning at Jan. 31, 2023	5,585,568	$ 259	8,828,639	(185,047)	53,051	(3,111,334)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes (in shares)		4,502
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes		$ 4	87,292
Share-based compensation			721,372
Exercise of convertible senior notes hedges			0	0
Common stock repurchased (in shares)		(635)
Common stock repurchases under share repurchase program		$ (139,000)		(138,648)
Other comprehensive income (loss)	(59,831)				(59,831)
Net income (loss)	78,796					78,796
Settlement of convertible senior notes (in shares)		0
Settlement of convertible senior notes			0
Purchase of treasury stock from the exercise of convertible senior notes hedges (in shares)		0
Balance, ending (in shares) at Jul. 31, 2023		261,858
Balance, ending at Jul. 31, 2023	6,274,553	$ 263	9,637,303	(323,695)	(6,780)	(3,032,538)
Balance, beginning (in shares) at Apr. 30, 2023		260,408
Balance, beginning at Apr. 30, 2023		$ 261	9,195,197	(185,047)	42,650	(3,111,198)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes (in shares)		2,085
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes		$ 2	90,194
Share-based compensation			351,912
Exercise of convertible senior notes hedges			0	0
Common stock repurchased (in shares)		(635)
Common stock repurchases under share repurchase program				(138,648)
Other comprehensive income (loss)	(49,430)				(49,430)
Net income (loss)	78,660					78,660
Settlement of convertible senior notes (in shares)		0
Settlement of convertible senior notes			0
Purchase of treasury stock from the exercise of convertible senior notes hedges (in shares)		0
Balance, ending (in shares) at Jul. 31, 2023		261,858
Balance, ending at Jul. 31, 2023	$ 6,274,553	$ 263	$ 9,637,303	$ (323,695)	$ (6,780)	$ (3,032,538)

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ 78,660	$ (64,158)	$ 78,796	$ (166,331)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	71,415	92,695	141,856	182,541
Share-based compensation expenses	351,912	308,007	721,372	619,513
Amortization of deferred costs	52,094	42,258	100,982	81,685
Non-cash lease expense	24,283	22,911	48,157	44,959
(Gains) losses on investments	(865)	16,499	7,276	24,579
Other	(43,872)	11,413	(81,460)	12,122
Changes in operating assets and liabilities:
Trade and other receivables, net	(183,387)	(324,841)	289,928	138,123
Deferred costs	(68,509)	(64,742)	(103,304)	(106,471)
Prepaid expenses and other assets	25,447	(9,885)	6,635	(33,882)
Accounts payable	2,483	(4,142)	(55,827)	2,768
Accrued expenses and other liabilities	36,003	25,065	(187,311)	(5,808)
Unearned revenue	79,600	63,278	(264,520)	(239,723)
Net cash provided by (used in) operating activities	425,264	114,358	702,580	554,075
Cash flows from investing activities:
Purchases of marketable securities	(1,585,332)	(1,329,471)	(3,473,222)	(3,340,090)
Maturities of marketable securities	1,239,613	984,887	2,471,442	1,586,362
Sales of marketable securities	25,495	28,237	47,678	33,367
Owned real estate projects	(1,366)	(245)	(1,688)	(265)
Capital expenditures, excluding owned real estate projects	(63,753)	(168,598)	(122,529)	(227,348)
Purchase of other intangible assets	0	0	(9,500)	0
Purchases of non-marketable equity and other investments	0	(1,900)	(10,500)	(16,923)
Sales and maturities of non-marketable equity and other investments	0	95	0	7,161
Net cash provided by (used in) investing activities	(385,343)	(486,995)	(1,098,319)	(1,957,736)
Cash flows from financing activities:
Proceeds from issuance of debt, net of debt discount	0	0	0	2,978,077
Repayments and extinguishment of debt	0	(30)	0	(693,983)
Payments for debt issuance costs	0	0	0	(7,220)
Repurchases of common stock	(138,647)	0	(138,647)	0
Proceeds from issuance of common stock from employee equity plans, net of taxes paid for shares withheld	90,196	83,302	87,296	84,292
Other	(145)	(185)	(405)	(377)
Net cash provided by (used in) financing activities	(48,596)	83,087	(51,756)	2,360,789
Effect of exchange rate changes	218	(145)	89	(830)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(8,457)	(289,695)	(447,406)	956,298
Cash, cash equivalents, and restricted cash at the beginning of period	1,456,291	2,786,738	1,895,240	1,540,745
Cash, cash equivalents, and restricted cash at the end of period	1,447,834	2,497,043	1,447,834	2,497,043
Supplemental cash flow data:
Cash paid for interest	0	0	55,129	2,941
Cash paid for income taxes, net of refunds	21,042	3,274	31,793	7,770
Non-cash investing and financing activities:
Purchases of property and equipment, accrued but not paid	41,342	67,447	41,342	67,447
Reconciliation of cash, cash equivalents, and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows:
Cash and cash equivalents	1,435,690	2,486,540	1,435,690	2,486,540
Restricted cash included in Prepaid expenses and other current assets	12,144	10,503	12,144	10,503
Total cash, cash equivalents, and restricted cash	$ 1,447,834	$ 2,497,043	$ 1,447,834	$ 2,497,043

Overview and Basis of Presentat

Overview and Basis of Presentation	6 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Overview and Basis of Presentation	Overview and Basis of Presentation Company and Background Workday delivers applications for financial management, spend management, human capital management, planning, and analytics. With Workday, our customers have a unified system that can help them plan, execute, analyze, and extend to other applications and environments, thereby helping them continuously adapt how they manage their business and operations. We were originally incorporated in March 2005 in Nevada, and in June 2012, we reincorporated in Delaware. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The condensed consolidated financial statements include the results of Workday, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of our management, the information contained herein reflects all adjustments necessary for a fair presentation of Workday’s financial position, results of operations, stockholders’ equity, and cash flows. All such adjustments are of a normal, recurring nature. The results of operations for the three and six months ended July 31, 2023, shown in this report are not necessarily indicative of the results to be expected for the full fiscal year ending January 31, 2024. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended January 31, 2023, filed with the SEC on February 27, 2023. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires us to make certain estimates, judgements, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates, judgements, and assumptions include, but are not limited to, the identification of distinct performance obligations for revenue recognition, the determination of the period of benefit for deferred commissions, the fair value and useful lives of assets acquired and liabilities assumed through business combinations, and the valuation of non-marketable equity investments. Actual results could differ from those estimates, judgements, and assumptions, and such differences could be material to our condensed consolidated financial statements. In February 2023, we completed an assessment of the useful lives of our data center equipment, including servers, network equipment, and integrated complete server and network racks. Due to advances in technology, as well as investments in software that increased efficiencies in how we operate our data center equipment, we determined we should increase the estimated useful lives of data center equipment from 3 years to 5 years. This change in accounting estimate was effective beginning fiscal 2024. Based on the carrying amount of data center equipment that was in-service as of January 31, 2023, this change decreased depreciation expense by $25 million and $55 million for the three and six months ended July 31, 2023, respectively. Segment Information We operate in one operating segment, cloud applications. Operating segments are defined as components of an enterprise where separate financial information is evaluated regularly by a chief operating decision maker (“CODM”) in deciding how to allocate resources and assessing performance. For the six months ended July 31, 2023, our co-chief executive officers together served as CODM for purposes of segment reporting. Our CODM allocates resources and assesses performance based upon discrete financial information at the consolidated level.

Significant Accounting Policies

Significant Accounting Policies and Accounting Standards	6 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Significant Accounting Policies and Accounting Standards	Significant Accounting Policies and Accounting Standards Significant Accounting PoliciesThere have been no material changes in our significant accounting policies as described in our Annual Report on Form 10-K for the fiscal year ended January 31, 2023 Concentrations of Risk and Significant Customers Our financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, debt securities, and trade and other receivables. Our deposits exceed federally insured limits. No customer individually accounted for more than 10% of trade and other receivables, net as of July 31, 2023, or January 31, 2023. No customer individually accounted for more than 10% of total revenues during the three and six months ended July 31, 2023, or 2022. Other than the United States, no country individually accounted for more than 10% of total revenues during the three and six months ended July 31, 2023, or 2022. In order to reduce the risk of down-time of our cloud applications, we have established data centers in various geographic regions. We serve our customers and users from data center facilities operated by third parties, located in the United States, Canada, and Europe. We have internal procedures to restore services in the event of disaster at one of our data center facilities. Even with these procedures for disaster recovery in place, our cloud applications could be significantly interrupted during the implementation of the procedures to restore services. In addition, we rely upon third-party hosted infrastructure partners globally, including Amazon Web Services (“AWS”), Google LLC, and Microsoft Corporation, to serve customers and operate certain aspects of our services. Given this, any disruption of or interference at our hosted infrastructure partners may impact our operations and our business could be adversely impacted.

Investments

Investments	6 Months Ended
	Jul. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Investments	Investments Debt Securities As of July 31, 2023, debt securities consisted of the following (in thousands): Amortized Cost Unrealized Gains Unrealized Losses Aggregate Fair Value U.S. treasury securities $ 2,577,707 $ 23 $ (10,470) $ 2,567,260 U.S. agency obligations 543,065 283 (2,742) 540,606 Corporate bonds 1,649,860 652 (14,982) 1,635,530 Commercial paper 1,184,789 1 — 1,184,790 Total debt securities $ 5,955,421 $ 959 $ (28,194) $ 5,928,186 Included in Cash and cash equivalents $ 763,088 $ — $ (1) $ 763,087 Included in Marketable securities $ 5,192,333 $ 959 $ (28,193) $ 5,165,099 As of January 31, 2023, debt securities consisted of the following (in thousands): Amortized Cost Unrealized Gains Unrealized Losses Aggregate Fair Value U.S. treasury securities $ 2,455,739 $ 77 $ (6,765) $ 2,449,051 U.S. agency obligations 325,664 — (3,874) 321,790 Corporate bonds 966,801 1,617 (6,715) 961,703 Commercial paper 1,016,641 — (5) 1,016,636 Total debt securities $ 4,764,845 $ 1,694 $ (17,359) $ 4,749,180 Included in Cash and cash equivalents $ 594,864 $ — $ (1) $ 594,863 Included in Marketable securities $ 4,169,980 $ 1,694 $ (17,357) $ 4,154,317 The contractual maturities of the debt securities were as follows (in thousands): July 31, 2023 Due within 1 year $ 3,992,736 Due in 1 year through 5 years 1,935,450 Total debt securities $ 5,928,186 We classify our debt securities as available-for-sale at the time of purchase and reevaluate such classification as of each balance sheet date. We consider all debt securities as funds available for use in current operations, including those with maturity dates beyond one year, and therefore classify these securities as current assets on the Condensed Consolidated Balance Sheets. Debt securities included in Marketable securities on the Condensed Consolidated Balance Sheets consist of securities with original maturities at the time of purchase greater than three months, and the remaining securities are included in Cash and cash equivalents. As of July 31, 2023, and January 31, 2023, the fair value of debt securities in an unrealized loss position was $4.1 billion and $3.1 billion, respectively, the majority of which had been in a continuous unrealized loss position for less than 12 months. We did not recognize any credit or non-credit related losses related to our debt securities during the periods presented. We sold $6 million and $18 million of debt securities during the three and six months ended July 31, 2023, respectively. We sold $28 million of debt securities during the three and six months ended July 31, 2022. The realized gains and losses from the sales were immaterial. Equity Investments Equity investments consisted of the following (in thousands): Condensed Consolidated Balance Sheets Location July 31, 2023 January 31, 2023 Money market funds Cash and cash equivalents $ 447,869 $ 902,226 Non-marketable equity investments measured using the measurement alternative Other assets 261,506 261,922 Marketable equity investments Marketable securities 56,302 80,766 Total equity investments $ 765,677 $ 1,244,914 Total realized and unrealized gains and losses associated with our equity investments consisted of the following (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Net realized gains (losses) recognized on equity investments sold (1) $ 2,421 $ 95 $ 1,099 $ 1,154 Net unrealized gains (losses) recognized on equity investments held as of the end of the period (1,583) (16,511) (8,275) (24,999) Total net gains (losses) recognized in Other income (expense), net $ 838 $ (16,416) $ (7,176) $ (23,845) (1) Reflects the difference between the sale proceeds and the carrying value of the equity investments at the beginning of the period. Non-Marketable Equity Investments Measured Using the Measurement Alternative Non-marketable equity investments measured using the measurement alternative include investments in privately held companies without readily determinable fair values in which we do not own a controlling interest or exercise significant influence. These investments are recorded at cost and are adjusted for observable transactions for same or similar securities of the same issuer or impairment events. The carrying values for our non-marketable equity investments are summarized below (in thousands): July 31, 2023 January 31, 2023 Total initial cost $ 218,833 $ 206,833 Cumulative net unrealized gains (losses) 42,673 55,089 Carrying value $ 261,506 $ 261,922 During the three months ended July 31, 2023, we recorded impairment losses of $10 million to the carrying value of non-marketable equity investments. During the three months ended July 31, 2022, we recorded upward adjustments to the carrying value of non-marketable equity investments of $3 million and no material impairment losses. During the six months ended July 31, 2023, we recorded impairment losses of $12 million to the carrying value of non-marketable equity investments. During the six months ended July 31, 2022, we recorded upward adjustments to the carrying value of non-marketable equity investments of $6 million and impairment losses of $14 million. Marketable Equity Investments We hold marketable equity investments with readily determinable fair values over which we do not own a controlling interest or exercise significant influence. The carrying values for our marketable equity investments are summarized below (in thousands): July 31, 2023 January 31, 2023 Total initial cost $ 24,801 $ 38,449 Cumulative net unrealized gains (losses) 31,501 42,317 Carrying value $ 56,302 $ 80,766 During the three months ended July 31, 2023, we sold marketable equity investments for proceeds of $20 million and net realized gains of $2 million. We did not sell any marketable equity investments during the three months ended July 31, 2022. During the six months ended July 31, 2023, and 2022, we sold marketable equity investments for proceeds of $30 million and $5 million, respectively, with corresponding net realized gains of $1 million and $1 million, respectively. During the three months ended July 31, 2023, and 2022, we recorded unrealized net gains of $8 million and net losses of $20 million, respectively, on marketable equity investments held as of the end of each period. During the six months ended July 31, 2023, and 2022, we recorded unrealized net gains of $4 million and net losses of $17 million, respectively, on marketable equity investments held as of the end of each period.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We use a fair value hierarchy that requires that we maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Other inputs that are directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs that are supported by little or no market activity. Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis and their assigned levels within the valuation hierarchy as of July 31, 2023 (in thousands): Level 1 Level 2 Level 3 Total U.S. treasury securities $ 2,567,260 $ — $ — $ 2,567,260 U.S. agency obligations — 540,606 — 540,606 Corporate bonds — 1,635,530 — 1,635,530 Commercial paper — 1,184,790 — 1,184,790 Money market funds 447,869 — — 447,869 Marketable equity investments 56,302 — — 56,302 Foreign currency derivative assets — 47,191 — 47,191 Total assets $ 3,071,431 $ 3,408,117 $ — $ 6,479,548 Foreign currency derivative liabilities $ — $ 38,943 $ — $ 38,943 Total liabilities $ — $ 38,943 $ — $ 38,943 The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis and their assigned levels within the valuation hierarchy as of January 31, 2023 (in thousands): Level 1 Level 2 Level 3 Total U.S. treasury securities $ 2,449,051 $ — $ — $ 2,449,051 U.S. agency obligations — 321,790 — 321,790 Corporate bonds — 961,703 — 961,703 Commercial paper — 1,016,636 — 1,016,636 Money market funds 902,226 — — 902,226 Marketable equity investments 80,766 — — 80,766 Foreign currency derivative assets — 64,824 — 64,824 Total assets $ 3,432,043 $ 2,364,953 $ — $ 5,796,996 Foreign currency derivative liabilities $ — $ 33,972 $ — $ 33,972 Total liabilities $ — $ 33,972 $ — $ 33,972 Non-Marketable Equity Investments Measured at Fair Value on a Non-Recurring Basis Non-marketable equity investments that have been remeasured due to an observable event or impairment are classified within Level 3 in the fair value hierarchy because we estimate the value based on valuation methods which may include a combination of the observable transaction price at the transaction date and other unobservable inputs including volatility, rights, and obligations of the investments we hold. For further information, see Note 3, Investments . Fair Value Measurements of Other Financial Instruments We carry our debt at face value less unamortized debt discount and issuance costs on our Condensed Consolidated Balance Sheets and present the fair value for disclosure purposes only. All of our debt obligations are categorized as Level 2 financial instruments. For further information on the fair values of our debt and the inputs used in the calculations, see Note 10, Debt .

Deferred Costs

Deferred Costs	6 Months Ended
	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Deferred Costs	Deferred Costs Deferred costs, which consist of deferred sales commission s, w ere $614 million and $612 million as of July 31, 2023, and January 31, 2023, respectively. Amortization expense for the deferred costs was $52 million and $43 million for the three months ended July 31, 2023, and 2022, respectively, and $101 million and $82 million for the six months ended July 31, 2023, and 2022, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented. Subscription services revenues of $1.3 billion and $1.2 billion were recognized during the three months ended July 31, 2023, and 2022, respectively, that were included in the unearned revenue balances as of April 30, 2023, and 2022, respectively. Subscription services revenues of $2.4 billion and $2.0 billion were recognized during the six months ended July 31, 2023, and 2022, respectively, that were included in the unearned revenue balances as of January 31, 2023, and 2022, respectively. Professional services revenues recognized in the same periods from unearned revenue balances at the beginning of the respective periods were not material. Transaction Price Allocated to the Remaining Performance Obligations As of July 31, 2023, approximately $17.8 billion of revenues are expected to be recognized from remaining performance obligations for subscription contracts. We expect to recognize revenues on approximately $10.3 billion of these remaining performance obligations over the next 24 months, with the balance recognized thereafter. Revenues from remaining performance obligations for professional services contracts as of July 31, 2023, were not material.

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): July 31, 2023 January 31, 2023 Computers, equipment, and software $ 1,344,434 $ 1,286,540 Buildings 721,589 719,966 Leasehold improvements 212,576 202,101 Furniture, fixtures, and transportation equipment 90,940 90,816 Land and land improvements 80,994 81,083 Property and equipment, gross 2,450,533 2,380,506 Less accumulated depreciation and amortization (1,228,699) (1,179,252) Property and equipment, net $ 1,221,834 $ 1,201,254 Depre ciation expense totaled $49 million and $71 million for the three months ended July 31, 2023, and 2022, respectively, and $97 million and $138 million for the six months ended July 31, 2023, and 2022, respectively.

Acquisition-Related Intangible

Acquisition-Related Intangible Assets, Net	6 Months Ended
	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Acquisition-Related Intangible Assets, Net	Acquisition-Related Intangible Assets, Net Acquisition-related intangible assets, net consisted of the following (in thousands): July 31, 2023 January 31, 2023 Developed technology $ 342,700 $ 342,700 Customer relationships 311,100 311,100 Backlog 15,000 15,000 Trade name 12,500 12,500 Acquisition-related intangible assets, gross 681,300 681,300 Less accumulated amortization (418,244) (375,835) Acquisition-related intangible assets, net $ 263,056 $ 305,465 Amortization expense related to acquisition-related intangible assets was $21 million and $21 million for the three months ended July 31, 2023, and 2022, respectively, and $42 million and $43 million for the six months ended July 31, 2023, and 2022, respectively. As of July 31, 2023, our future estimated amortization expense related to acquisition-related intangible assets was as follows (in thousands): Fiscal Period: Remainder of 2024 $ 31,909 2025 61,663 2026 55,748 2027 31,177 2028 26,944 Thereafter 55,615 Total $ 263,056

Other Assets

Other Assets	6 Months Ended
	Jul. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Other Assets Other noncurrent assets consisted of the following (in thousands): July 31, 2023 January 31, 2023 Non-marketable equity and other investments $ 261,506 $ 263,485 Technology patents and other intangible assets, net 27,538 20,534 Prepayments for goods and services 19,913 23,466 Derivative assets 14,676 21,757 Net deferred tax assets 9,859 12,650 Deposits 6,332 5,819 Other 11,036 13,274 Total other assets $ 350,860 $ 360,985 Technology patents and other intangible assets with estimable useful lives are amortized on a straight-line basis. As of July 31, 2023, the future estimated amortization expense was as follows (in thousands): Fiscal Period: Remainder of 2024 $ 2,097 2025 3,639 2026 3,290 2027 2,942 2028 2,697 Thereafter 12,873 Total $ 27,538

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jul. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments We conduct business on a global basis in multiple foreign currencies, subjecting Workday to foreign currency exchange risk. To mitigate this risk, we utilize derivative hedging contracts as described below. We do not enter into any derivatives for trading or speculative purposes. Our foreign currency contracts are classified within Level 2 of the fair value hierarchy because the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets, such as currency spot and forward rates. Cash Flow Hedges We enter into foreign currency forward contracts to hedge a portion of our forecasted revenue and expense transactions (“cash flow hedges”). We designate these forward contracts as cash flow hedging instruments since the accounting criteria for such designation has been met. Cash flow hedges are recorded on the Condensed Consolidated Balance Sheets at fair value. Cash flows from the settlement of these forward contracts are classified as operating activities on the Condensed Consolidated Statements of Cash Flows. Gains or losses resulting from changes in the fair value of these hedges are recorded in Accumulated other comprehensive income (loss) (“AOCI”) on the Condensed Consolidated Balance Sheets and are subsequently reclassified to the same line item as the hedged transaction on the Condensed Consolidated Statements of Operations in the same period that the hedged transaction affects earnings. As of July 31, 2023, we estimate that $41 million of net gains recorded in AOCI related to our cash flow hedges will be reclassified into income within the next 12 months. As of July 31, 2023, and January 31, 2023, the notional values of the cash flow hedges that we held to buy U.S. dollars in exchange for other currencies were $2.1 billion and $1.7 billion, respectively. The notional values of the cash flow hedges that we held to sell U.S. dollars in exchange for other currencies were $350 million and $324 million as of July 31, 2023, and January 31, 2023, respectively. All contracts had maturities of less than 48 months. Non-Designated Hedges We also enter into foreign currency forward contracts to hedge a portion of our net outstanding monetary assets and liabilities (“non-designated hedges”). These forward contracts are intended to offset foreign currency gains or losses associated with the underlying monetary assets and liabilities and are recorded on the Condensed Consolidated Balance Sheets at fair value. These forward contracts are not designated as hedging instruments under applicable accounting guidance, and therefore all changes in the fair value of these forward contracts are recorded in Other income (expense), net on the Condensed Consolidated Statements of Operations. Cash flows from the settlement of these forward contracts are classified as operating activities on the Condensed Consolidated Statements of Cash Flows. As of July 31, 2023, and January 31, 2023, the notional values of the non-designated hedges that we held to buy U.S. dollars in exchange for other currencies were $138 million and $235 million, respectively, and the notional values of the non-designated hedges that we held to sell U.S. dollars in exchange for other currencies were $19 million and $2 million, respectively. The fair values of outstanding derivative instruments were as follows (in thousands): Condensed Consolidated Balance Sheets Location July 31, 2023 January 31, 2023 Derivative assets: Cash flow hedges Prepaid expenses and other current assets $ 32,135 $ 42,968 Cash flow hedges Other assets 14,676 21,757 Non-designated hedges Prepaid expenses and other current assets 380 99 Total derivative assets $ 47,191 $ 64,824 Derivative liabilities: Cash flow hedges Accrued expenses and other current liabilities $ 16,600 $ 13,231 Cash flow hedges Other liabilities 21,469 15,496 Non-designated hedges Accrued expenses and other current liabilities 872 5,244 Non-designated hedges Other liabilities 2 1 Total derivative liabilities $ 38,943 $ 33,972 The effect of cash flow hedges on the Condensed Consolidated Statements of Operations was as follows (in thousands): Three Months Ended July 31, Condensed Consolidated Statements of Operations Location 2023 2022 Total Gains (losses) related to cash flow hedges Total Gains (losses) related to cash flow hedges Revenues $ 1,786,766 $ 17,266 $ 1,535,798 $ 1,495 Costs and expenses 1,750,509 1,640 1,569,876 (5,955) Six Months Ended July 31, Condensed Consolidated Statements of Operations Location 2023 2022 Total Gains (losses) related to cash flow hedges Total Gains (losses) related to cash flow hedges Revenues $ 3,471,078 $ 33,592 $ 2,970,455 $ 338 Costs and expenses 3,454,621 942 3,077,376 (6,784) Pre-tax gains (losses) associated with cash flow hedges were as follows (in thousands): Condensed Consolidated Statements of Operations and Statements of Comprehensive Income (Loss) Locations Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Gains (losses) recognized in OCI Net change in unrealized gains (losses) on cash flow hedges $ (14,703) $ 17,734 $ (12,707) $ 61,994 Gains (losses) reclassified from AOCI into income (effective portion) Revenues 17,266 1,495 33,592 338 Gains (losses) reclassified from AOCI into income (effective portion) Costs and expenses 1,640 (5,955) 942 (6,784) Gains (losses) associated with non-designated hedges were as follows (in thousands): Condensed Consolidated Statements of Operations Location Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Gains (losses) related to non-designated hedges Other income (expense), net $ (1,002) $ 2,135 $ 1,432 $ 6,101 We are subject to netting agreements with all of the counterparties of the foreign exchange contracts, under which we are permitted to net settle transactions of the same currency with a single net amount payable by one party to the other. It is our policy to present the derivatives gross on the Condensed Consolidated Balance Sheets. Our foreign currency forward contracts are not subject to any credit contingent features or collateral requirements. We manage our exposure to counterparty risk by entering into contracts with a diversified group of major financial institutions and by actively monitoring outstanding positions. As of July 31, 2023, information related to these offsetting arrangements was as follows (in thousands): Gross Amounts of Recognized Assets Gross Amounts Offset on the Condensed Consolidated Balance Sheets Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets Net Assets Exposed Financial Instruments Cash Collateral Received Derivative assets: Counterparty A $ 14,550 $ — $ 14,550 $ (8,966) $ — $ 5,584 Counterparty B 8,420 — 8,420 (7,219) — 1,201 Counterparty C 2,099 — 2,099 (301) — 1,798 Counterparty D 19,769 — 19,769 (19,876) — (107) Counterparty E 2,353 — 2,353 (2,581) — (228) Total $ 47,191 $ — $ 47,191 $ (38,943) $ — $ 8,248 Gross Amounts of Recognized Liabilities Gross Amounts Offset on the Condensed Consolidated Balance Sheets Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets Net Liabilities Exposed Financial Instruments Cash Collateral Pledged Derivative liabilities: Counterparty A $ 8,966 $ — $ 8,966 $ (8,966) $ — $ — Counterparty B 7,219 — 7,219 (7,219) — — Counterparty C 301 — 301 (301) — — Counterparty D 19,876 — 19,876 (19,876) — — Counterparty E 2,581 — 2,581 (2,581) — — Total $ 38,943 $ — $ 38,943 $ (38,943) $ — $ —

Debt

Debt	6 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt Outstanding debt consisted of the following (in thousands): July 31, 2023 January 31, 2023 2027 Notes $ 1,000,000 $ 1,000,000 2029 Notes 750,000 750,000 2032 Notes 1,250,000 1,250,000 Total principal amount 3,000,000 3,000,000 Less: unamortized debt discount and issuance costs (22,155) (24,066) Net carrying amount 2,977,845 2,975,934 Debt, noncurrent $ 2,977,845 $ 2,975,934 As of July 31, 2023, the future principal payments for the outstanding debt were as follows (in thousands): Fiscal Period: Remainder of 2024 $ — 2025 — 2026 — 2027 — 2028 1,000,000 Thereafter 2,000,000 Total principal amount $ 3,000,000 Senior Notes In April 2022, we issued $3.0 billion aggregate principal amount of senior notes, consisting of $1.0 billion aggregate principal amount of 3.500% notes due April 1, 2027 (“2027 Notes”), $750 million aggregate principal amount of 3.700% notes due April 1, 2029 (“2029 Notes”), and $1.25 billion aggregate principal amount of 3.800% notes due April 1, 2032 (“2032 Notes,” and together with the 2027 Notes and the 2029 Notes, “Senior Notes”). Interest is payable semi-annually in arrears on April 1 and October 1 of each year, which commenced in October 2022. The Senior Notes are unsecured obligations and rank equally with all existing and future unsecured and unsubordinated indebtedness of Workday. We may redeem the Senior Notes in whole or in part at any time or from time to time, at specified redemption dates and prices. In addition, upon the occurrence of certain change of control triggering events, we may be required to repurchase the Senior Notes under specified terms. The indenture governing the Senior Notes also includes covenants (including certain limited covenants restricting our ability to incur certain liens and enter into certain sale and leaseback transactions), events of default, and other customary provisions. As of July 31, 2023, we were in compliance with all covenants associated with the Senior Notes. We incurred debt discount and issuance costs of approximately $27 million in connection with the Senior Notes offering, which were allocated on a pro rata basis to the 2027 Notes, 2029 Notes, and 2032 Notes. The debt discount and issuance costs are amortized on a straight-line basis, which approximates the effective interest rate method, to interest expense over the contractual term of each arrangement. The effective interest rates on the 2027 Notes, 2029 Notes, and 2032 Notes, which are calculated as the contractual interest rates adjusted for the debt discount and issuance costs, are 3.67%, 3.82%, and 3.90%, respectively. As of July 31, 2023, the total estimated fair value of the Senior Notes was $2.8 billion. The estimated fair values of the Senior Notes, which we have classified as Level 2 financial instruments, were determined based on quoted bid prices in an over-the-counter market on the last trading day of the reporting period. Credit Agreement In April 2022, we entered into a credit agreement (“2022 Credit Agreement”) which provides for a revolving credit facility in an aggregate principal amount of $1.0 billion. The 2022 Credit Agreement replaced our prior credit agreement entered into in April 2020 (“2020 Credit Agreement”), which provided for a term loan facility in an aggregate original principal amount of $750 million and a revolving credit facility in an aggregate principal amount of $750 million. Concurrently with entering into the 2022 Credit Agreement, we paid off the remaining principal balance of $694 million on the term loan under the 2020 Credit Agreement and terminated the revolving credit facility under the 2020 Credit Agreement, which had no outstanding balance. The modification to our revolving credit facility and extinguishment of the term loan under the 2020 Credit Agreement did not have a material impact to our Condensed Consolidated Statements of Operations for fiscal 2023. As of July 31, 2023, we had no outstanding revolving loans under the 2022 Credit Agreement. The revolving loans under the 2022 Credit Agreement may be borrowed, repaid, and reborrowed until April 6, 2027, at which time all amounts borrowed must be repaid. The revolving loans under the 2022 Credit Agreement will bear interest, at our option, at a base rate plus a margin of 0.000% to 0.500% or a secured overnight financing rate (“SOFR”) plus 10 basis points, plus a margin of 0.750% to 1.500%, with such margin being determined based on our consolidated leverage ratio or debt rating. We are also obligated to pay an ongoing commitment fee on undrawn amounts. The 2022 Credit Agreement contains customary representations, warranties, and affirmative and negative covenants, including a financial covenant, events of default, and indemnification provisions in favor of the lenders. The negative covenants include restrictions on the incurrence of liens and indebtedness, certain merger transactions, and other matters, all subject to certain exceptions. The financial covenant, based on a quarterly financial test, requires that we do not exceed a maximum leverage ratio of 3.50:1.00, subject to a step-up to 4.50:1.00 at our election for a certain period following an acquisition. As of July 31, 2023, we were in compliance with all covenants. Convertible Senior Notes In September 2017, we issued 0.25% convertible senior notes due October 1, 2022, with a principal amount of $1.15 billion (“2022 Notes”). The 2022 Notes were unsecured, unsubordinated obligations, and interest was payable in cash in arrears at a fixed rate of 0.25% on April 1 and October 1 of each year. During the third quarter of fiscal 2023, the 2022 Notes were converted by note holders, and we repaid the $1.15 billion principal balance in cash. We also distributed approximately 0.6 million shares of our Class A common stock to note holders during fiscal 2023, which represented the conversion value in excess of the principal amount. Notes Hedges In connection with the issuance of the 2022 Notes, we entered into convertible note hedge transactions (“Purchased Options”) which gave us the option to purchase, subject to anti-dilution adjustments substantially identical to those in the 2022 Notes, approximately 7.8 million shares of our Class A common stock for $147.10 per share. During the third quarter of fiscal 2023, we received approximately 0.6 million shares of our Class A common stock from the exercise of the Purchased Options, which offset the economic dilution to our Class A common stock upon conversion of the 2022 Notes. These shares were recorded as Treasury stock on the Condensed Consolidated Balance Sheets. The Purchased Options were separate transactions and were not part of the terms of the 2022 Notes, and expired on October 1, 2022. Warrants In connection with the issuance of the 2022 Notes, we also entered into warrant transactions to sell warrants (“Warrants”) to acquire, subject to anti-dilution adjustments, up to approximately 7.8 million shares of our Class A common stock over 60 scheduled trading days beginning in January 2023 at an exercise price of $213.96 per share. During the first quarter of fiscal 2024, the Warrants fully expired without exercise. Interest Expense on Debt The following table sets forth total interest expense recognized related to our debt (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Contractual interest expense $ 27,563 $ 28,281 $ 55,126 $ 39,666 Interest cost related to amortization and write-off of debt discount and issuance costs 956 1,842 1,911 4,443 Total interest expense $ 28,519 $ 30,123 $ 57,037 $ 44,109

Leases

Leases	6 Months Ended
	Jul. 31, 2023
Leases [Abstract]
Leases	Leases We have entered into operating lease agreements for our office space, data centers, and other property and equipment. Operating lease right-of-use assets were $262 million and $249 million as of July 31, 2023, and January 31, 2023, respectively, and operating lease liabilities were $291 million and $273 million as of July 31, 2023, and January 31, 2023, respectively. We have also entered into finance lease agreements for other property and equipment. As of July 31, 2023, and January 31, 2023, finance leases were not material. The components of operating lease expense were as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Operating lease cost $ 26,620 $ 24,773 $ 55,080 $ 48,417 Short-term lease cost 740 922 1,642 2,147 Variable lease cost 10,850 10,410 21,998 20,183 Total operating lease cost $ 38,210 $ 36,105 $ 78,720 $ 70,747 Supplemental cash flow information related to our operating leases was as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Cash paid for operating lease liabilities $ 25,399 $ 19,538 $ 53,809 $ 45,196 Operating lease right-of-use assets obtained in exchange for new operating lease liabilities 31,529 57,899 63,755 86,480 Other information related to our operating leases was as follows: July 31, 2023 January 31, 2023 Weighted average remaining lease term (in years) 5 5 Weighted average discount rate 3.25 % 2.79 % As of July 31, 2023, maturities of operating lease liabilities were as follows (in thousands): Fiscal Period: Remainder of 2024 $ 54,890 2025 92,565 2026 60,337 2027 41,822 2028 33,017 Thereafter 41,034 Total lease payments 323,665 Less imputed interest (32,717) Total operating lease liabilities $ 290,948 As of July 31, 2023 , we have additional operating leases for data centers and office space that had not yet commenced with total undiscounted lease payments of $63 million. These operating leases will commence in fiscal 2024 and fiscal 2025, with lease terms ranging from five

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Obligations Our purchase obligations are primarily related to agreements for third-party hosted infrastructure platforms, data center equipment and software, business technology software and support, and sales and marketing activities. During the six months ended July 31, 2023, there were no material changes outside the ordinary course of business to our non-cancelable purchase obligations disclosed in our Annual Report on Form 10-K for the fiscal year ended January 31, 2023. Legal Matters We are a party to various legal proceedings and claims that arise in the ordinary course of business. We make a provision for a liability relating to legal matters when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular matter. In our opinion, as of July 31, 2023, there was not at least a reasonable possibility that we had incurred a material loss, or a material loss in excess of a recorded accrual, with respect to such loss contingencies.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jul. 31, 2023
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Common Stock As of July 31, 2023, there were 207 million shares of Class A common stock, net of treasury stock, and 55 million shares of Class B common stock outstanding. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting and conversion. Each share of Class A common stock is entitled to one vote per share and each share of Class B common stock is entitled to 10 votes per share. Each share of Class B common stock can be converted into a share of Class A common stock at any time at the option of the holder. Share Repurchase Program In November 2022, our Board of Directors authorized the repurchase of up to $500 million of our outstanding shares of Class A common stock (the “Share Repurchase Program”). We may repurchase shares of Class A common stock from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act, in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will depend upon business, economic, and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations. The Share Repurchase Program has a term of 18 months, may be suspended or discontinued at any time, and does not obligate us to acquire any amount of Class A common stock. During the six months ended July 31, 2023, we repurchased approximately 0.6 million shares of Class A common stock for approximately $139 million at an average price per share of $218.33. All repurchases were made in open market transactions. As of July 31, 2023, we were authorized to purchase a remaining $287 million of our outstanding shares of Class A common stock under the Share Repurchase Program. Employee Equity Plans In June 2022, our stockholders approved the 2022 Equity Incentive Plan (“2022 Plan”), with a reserve of 30 million shares for issuance. The 2022 Plan serves as the successor to our 2012 Equity Incentive Plan (“2012 Plan” and, together with the 2022 Plan, “Stock Plans”). Awards that are granted on or after the effective date of the 2022 Plan will be granted pursuant to and subject to the terms and provisions of the 2022 Plan. Prior awards granted under the 2012 Plan continue to be subject to the terms and provisions of the 2012 Plan. As of July 31, 2023, we had 21 million shares of Class A common stock available for future grants. In June 2022, our stockholders approved the Amended and Restated 2012 Employee Stock Purchase Plan (“ESPP”). Under the ESPP, eligible employees are granted options to purchase shares at the lower of 85% of the fair market value of the stock at the time of grant or 85% of the fair market value at the time of exercise. Options to purchase shares are granted twice yearly on or about June 1 and December 1, and are exercisable on or about the succeeding November 30 and May 31, respectively. As of July 31, 2023, 4 million shares of Class A common stock were available for issuance under the ESPP. Restricted Stock Units The Stock Plans provide for the issuance of restricted stock units (“RSUs”) to employees and non-employees. RSUs generally vest over four years. RSU activity during the six months ended July 31, 2023, was as follows (in thousands, except per share data): Number of Shares Weighted-Average Grant Date Fair Value Balance as of January 31, 2023 14,099 $ 206.38 RSUs granted 7,865 191.17 RSUs vested (3,822) 204.93 RSUs forfeited (780) 206.81 Balance as of July 31, 2023 17,362 199.79 As of July 31, 2023, there was a total of $2.6 billion in unrecognized compensation cost, adjusted for estimated forfeitures, related to unvested RSUs, which is expected to be recognized over a weighted-average period of approximately three years. Market-Based Restricted Stock Units In December 2022, 0.3 million shares of market-based RSUs were granted to our newly appointed Co-CEO that vest based on appreciation of the price of our Class A common stock over a multi-year period and upon continued service (“PVU Award”). We estimated the fair value of the PVU Award on the grant date using the Monte Carlo simulation model with the following assumptions: (i) expected volatility of 40%, (ii) risk-free interest rate of 4%, and (iii) total performance period of six years. The weighted-average grant date fair value of the PVU Award was $124.80 per share. We recognize expense for the PVU Award over the requisite service period of five years using the accelerated attribution method. Provided that the requisite service is rendered, the total fair value of the PVU Award at the date of grant is recognized as compensation expense even if the market condition is not achieved. However, the number of shares that ultimately vest can vary significantly with the achievement of the specified market criteria. As of July 31, 2023, there was a total of $27 million in unrecognized compensation cost related to the PVU Award, which is expected to be recognized over approximately four years. Stock Options The Stock Plans provide for the issuance of incentive and nonstatutory stock options to employees and non-employees. Stock options issued under the Stock Plans generally are exercisable for periods not to exceed ten years and generally vest over five years. Stock option activity during the six months ended July 31, 2023, was as follows (in thousands, except aggregate intrinsic value, which is reflected in millions and per share data): Outstanding Stock Options Weighted-Average Exercise Price Aggregate Intrinsic Value Balance as of January 31, 2023 115 $ 30.36 $ 17 Stock options exercised (14) 36.51 Stock options canceled — — Balance as of July 31, 2023 101 29.53 21 Vested and expected to vest as of July 31, 2023 101 29.53 21 Exercisable as of July 31, 2023 101 29.53 21

Unearned Revenue and Performanc

Unearned Revenue and Performance Obligations	6 Months Ended
	Jul. 31, 2023
Revenue from Contract with Customer [Abstract]
Unearned Revenue and Performance Obligations	Deferred Costs Deferred costs, which consist of deferred sales commission s, w ere $614 million and $612 million as of July 31, 2023, and January 31, 2023, respectively. Amortization expense for the deferred costs was $52 million and $43 million for the three months ended July 31, 2023, and 2022, respectively, and $101 million and $82 million for the six months ended July 31, 2023, and 2022, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented. Subscription services revenues of $1.3 billion and $1.2 billion were recognized during the three months ended July 31, 2023, and 2022, respectively, that were included in the unearned revenue balances as of April 30, 2023, and 2022, respectively. Subscription services revenues of $2.4 billion and $2.0 billion were recognized during the six months ended July 31, 2023, and 2022, respectively, that were included in the unearned revenue balances as of January 31, 2023, and 2022, respectively. Professional services revenues recognized in the same periods from unearned revenue balances at the beginning of the respective periods were not material. Transaction Price Allocated to the Remaining Performance Obligations As of July 31, 2023, approximately $17.8 billion of revenues are expected to be recognized from remaining performance obligations for subscription contracts. We expect to recognize revenues on approximately $10.3 billion of these remaining performance obligations over the next 24 months, with the balance recognized thereafter. Revenues from remaining performance obligations for professional services contracts as of July 31, 2023, were not material.

Other Income (Expense), Net

Other Income (Expense), Net	6 Months Ended
	Jul. 31, 2023
Other Income and Expenses [Abstract]
Other Income (Expense), Net	Other Income (Expense), Net Other income (expense), net consisted of the following (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Interest income $ 71,569 $ 15,214 $ 134,264 $ 19,221 Interest expense (1) (28,536) (30,160) (57,082) (44,178) Other (2) 2,522 (17,843) (4,918) (27,995) Total other income (expense), net $ 45,555 $ (32,789) $ 72,264 $ (52,952) (1) Interest expense primarily includes the contractual interest expense of our debt obligations, and the related non-cash interest expense attributable to amortization of the debt discount and issuance costs. For further information, see Note 10, Debt . (2) Other primarily includes the net gains (losses) from our equity investments. For further information, see Note 3, Investments .

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We reported an income tax provision of $10 million and $6 million for the six months ended July 31, 2023, and 2022, respectively. The income tax provision for the six months ended July 31, 2023, was primarily attributable to income tax expenses in profitable foreign jurisdictions and capitalized research and development expenditures in the U.S. The income tax provision for the six months ended July 31, 2022, was primarily attributable to a taxable gain recognized from integrating intellectual property, income tax expenses in profitable foreign jurisdictions, and an increase in state taxes due to capitalized research and development expenditures. We are subject to income tax audits in the U.S. and foreign jurisdictions. We record liabilities related to uncertain tax positions and believe that we have provided adequate reserves for income tax uncertainties in all open tax years. Due to our history of tax losses, all years remain open to tax audit. We periodically evaluate the realizability of our net deferred tax assets based on all available evidence, both positive and negative. The realization of net deferred tax assets is dependent on our ability to generate sufficient future taxable income during periods prior to the expiration of tax attributes to fully utilize these assets. We may release all or a portion of our valuation allowance if there is sufficient positive evidence that outweighs the negative evidence. As of July 31, 2023, we continue to maintain a full valuation allowance on our deferred tax assets in certain jurisdictions.

Net Income (Loss) Per Share

Net Income (Loss) Per Share	6 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, net of treasury stock. Diluted net income (loss) per share is computed by giving effect to all potentially dilutive shares of common stock, including our convertible senior notes, outstanding warrants related to the issuance of the convertible senior notes, and outstanding share-based awards consisting primarily of unvested RSUs and ESPP obligations. The net income (loss) per share is allocated based on the contractual participation rights of the Class A common shares and Class B common shares as if the income (loss) for the period had been distributed. As the liquidation and dividend rights are identical, the net income (loss) is allocated on a proportionate basis. Basic and diluted net income (loss) per share was the same for the three and six months ended July 31, 2023, and 2022. For the three and six months ended July 31, 2022, potentially dilutive securities were excluded from the computation of diluted net income (loss) per share calculations because the impact of including them would have been anti-dilutive. The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Class A Class B Class A Class B Class A Class B Class A Class B Net income (loss) per share, basic: Numerator: Net income (loss) $ 62,207 $ 16,453 $ (50,282) $ (13,876) $ 62,241 $ 16,555 $ (130,088) $ (36,243) Denominator: Weighted-average shares outstanding, basic 206,559 54,632 199,342 55,013 205,393 54,633 197,928 55,143 Net income (loss) per share, basic $ 0.30 $ 0.30 $ (0.25) $ (0.25) $ 0.30 $ 0.30 $ (0.66) $ (0.66) Net income (loss) per share, diluted: Numerator: Net income (loss) $ 62,207 $ 16,453 $ (50,282) $ (13,876) $ 62,241 $ 16,555 $ (130,088) $ (36,243) Reallocation of net income as a result of conversion of Class B to Class A common stock 16,453 — — — 16,555 — — — Reallocation of net income to Class B common stock — (202) — — — (182) — — Net income (loss) for diluted calculation 78,660 16,251 (50,282) (13,876) 78,796 16,373 (130,088) (36,243) Denominator: Weighted-average shares outstanding, basic 206,559 54,632 199,342 55,013 205,393 54,633 197,928 55,143 Conversion of Class B to Class A common stock 54,632 — — — 54,633 — — — Dilutive effect of share-based awards 3,244 — — — 2,897 — — — Weighted-average shares outstanding, diluted 264,435 54,632 199,342 55,013 262,923 54,633 197,928 55,143 Net income (loss) per share, diluted $ 0.30 $ 0.30 $ (0.25) $ (0.25) $ 0.30 $ 0.30 $ (0.66) $ (0.66) The computation of diluted net income (loss) per share does not include the effect of the following potentially outstanding weighted-average shares of common stock. The effects of these potentially outstanding shares were not included in the calculation of diluted net income (loss) per share because the effect would have been anti-dilutive (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Shares related to outstanding share-based awards 2,531 16,599 3,220 15,127 Shares related to the convertible senior notes — 7,815 — 7,816 Shares subject to warrants related to the issuance of convertible senior notes — 7,818 — 7,818 Total 2,531 32,232 3,220 30,761

Geographic Information

Geographic Information	6 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
Geographic Information	Geographic Information Revenues We sell our subscription contracts and related services in two primary geographical markets: to customers located in the United States and to customers located outside of the United States. Revenues by geography are generally based on the address of the customer as specified in our customer subscription agreement. The following table sets forth revenues by geographic area (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 United States $ 1,344,571 $ 1,152,362 $ 2,608,536 $ 2,227,407 Other countries 442,195 383,436 862,542 743,048 Total revenues $ 1,786,766 $ 1,535,798 $ 3,471,078 $ 2,970,455 Long-Lived Assets Our long-lived assets, which primarily consist of property and equipment and operating lease right-of-use assets, are attributed to a country based on the physical location of the assets. Aggregate Property and equipment, net and Operating lease right-of-use assets by geographic area was as follows (in thousands): July 31, 2023 January 31, 2023 United States $ 1,175,181 $ 1,206,486 Ireland 217,654 159,337 Other countries 91,139 84,709 Total long-lived assets $ 1,483,974 $ 1,450,532

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Pay vs Performance Disclosure
Net income (loss)	$ 78,660	$ (64,158)	$ 78,796	$ (166,331)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jul. 31, 2023 shares	Jul. 31, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		During the three months ended July 31, 2023, the following directors and/or officers of Workday adopted or terminated a “Rule 10b5-1 trading arrangement,” as defined in item 408(a) of Regulation S-K intending to satisfy the affirmative defense of Rule 10b5-1(c): Name and Title Action Total Shares of Class A Common Stock to be Purchased or Sold Adoption Date Expiration Date Carl Eschenbach (Co-Chief Executive Officer) Adopt Purchase of up to $2,050,000 of Class A Common Stock May 30, 2023 August 29, 2024 Rich Sauer (Chief Legal Officer, Head of Corporate Affairs, and Corporate Secretary) Adopt Sale of up to 78,261 shares of Class A Common Stock (1) June 7, 2023 January 31, 2025 (1) Includes shares withheld or sold by Workday in mandatory transactions to cover withholding taxes in connection with the settlement of equity awards.
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Carl Eschenbach [Member]
Trading Arrangements, by Individual
Name	Carl Eschenbach
Title	Co-Chief Executive Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 30, 2023
Arrangement Duration	457 days
Rich Sauer [Member]
Trading Arrangements, by Individual
Name	Rich Sauer
Title	Chief Legal Officer, Head of Corporate Affairs, and Corporate Secretary
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 7, 2023
Arrangement Duration	604 days
Aggregate Available	78,261	78,261

Overview and Basis of Present_2

Overview and Basis of Presentation (Policies)	6 Months Ended
	Jul. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The condensed consolidated financial statements include the results of Workday, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of our management, the information contained herein reflects all adjustments necessary for a fair presentation of Workday’s financial position, results of operations, stockholders’ equity, and cash flows. All such adjustments are of a normal, recurring nature. The results of operations for the three and six months ended July 31, 2023, shown in this report are not necessarily indicative of the results to be expected for the full fiscal year ending January 31, 2024. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended January 31, 2023, filed with the SEC on February 27, 2023.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires us to make certain estimates, judgements, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates, judgements, and assumptions include, but are not limited to, the identification of distinct performance obligations for revenue recognition, the determination of the period of benefit for deferred commissions, the fair value and useful lives of assets acquired and liabilities assumed through business combinations, and the valuation of non-marketable equity investments. Actual results could differ from those estimates, judgements, and assumptions, and such differences could be material to our condensed consolidated financial statements. In February 2023, we completed an assessment of the useful lives of our data center equipment, including servers, network equipment, and integrated complete server and network racks. Due to advances in technology, as well as investments in software that increased efficiencies in how we operate our data center equipment, we determined we should increase the estimated useful lives of data center equipment from 3 years to 5 years. This change in accounting estimate was effective beginning fiscal 2024. Based on the carrying amount of data center equipment that was in-service as of January 31, 2023, this change decreased depreciation expense by $25 million and $55 million for the three and six months ended July 31, 2023, respectively.
Segment Information	Segment Information We operate in one operating segment, cloud applications. Operating segments are defined as components of an enterprise where separate financial information is evaluated regularly by a chief operating decision maker (“CODM”) in deciding how to allocate resources and assessing performance. For the six months ended July 31, 2023, our co-chief executive officers together served as CODM for purposes of segment reporting. Our CODM allocates resources and assesses performance based upon discrete financial information at the consolidated level.
Concentrations of Risk and Significant Customers	Concentrations of Risk and Significant Customers Our financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents, debt securities, and trade and other receivables. Our deposits exceed federally insured limits. In order to reduce the risk of down-time of our cloud applications, we have established data centers in various geographic regions. We serve our customers and users from data center facilities operated by third parties, located in the United States, Canada, and Europe. We have internal procedures to restore services in the event of disaster at one of our data center facilities. Even with these procedures for disaster recovery in place, our cloud applications could be significantly interrupted during the implementation of the procedures to restore services. In addition, we rely upon third-party hosted infrastructure partners globally, including Amazon Web Services (“AWS”), Google LLC, and Microsoft Corporation, to serve customers and operate certain aspects of our services. Given this, any disruption of or interference at our hosted infrastructure partners may impact our operations and our business could be adversely impacted.
Investments	We classify our debt securities as available-for-sale at the time of purchase and reevaluate such classification as of each balance sheet date. We consider all debt securities as funds available for use in current operations, including those with maturity dates beyond one year, and therefore classify these securities as current assets on the Condensed Consolidated Balance Sheets. Debt securities included in Marketable securities on the Condensed Consolidated Balance Sheets consist of securities with original maturities at the time of purchase greater than three months, and the remaining securities are included in Cash and cash equivalents.
Fair Value Measurements	We use a fair value hierarchy that requires that we maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s classification within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Three levels of inputs may be used to measure fair value: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Other inputs that are directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs that are supported by little or no market activity.
Derivative Instruments	We conduct business on a global basis in multiple foreign currencies, subjecting Workday to foreign currency exchange risk. To mitigate this risk, we utilize derivative hedging contracts as described below. We do not enter into any derivatives for trading or speculative purposes. Our foreign currency contracts are classified within Level 2 of the fair value hierarchy because the valuation inputs are based on quoted prices and market observable data of similar instruments in active markets, such as currency spot and forward rates. Cash Flow Hedges We enter into foreign currency forward contracts to hedge a portion of our forecasted revenue and expense transactions (“cash flow hedges”). We designate these forward contracts as cash flow hedging instruments since the accounting criteria for such designation has been met.
Net Income (Loss) Per Share	Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, net of treasury stock. Diluted net income (loss) per share is computed by giving effect to all potentially dilutive shares of common stock, including our convertible senior notes, outstanding warrants related to the issuance of the convertible senior notes, and outstanding share-based awards consisting primarily of unvested RSUs and ESPP obligations. The net income (loss) per share is allocated based on the contractual participation rights of the Class A common shares and Class B common shares as if the income (loss) for the period had been distributed. As the liquidation and dividend rights are identical, the net income (loss) is allocated on a proportionate basis.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jul. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of Debt Securities	As of July 31, 2023, debt securities consisted of the following (in thousands): Amortized Cost Unrealized Gains Unrealized Losses Aggregate Fair Value U.S. treasury securities $ 2,577,707 $ 23 $ (10,470) $ 2,567,260 U.S. agency obligations 543,065 283 (2,742) 540,606 Corporate bonds 1,649,860 652 (14,982) 1,635,530 Commercial paper 1,184,789 1 — 1,184,790 Total debt securities $ 5,955,421 $ 959 $ (28,194) $ 5,928,186 Included in Cash and cash equivalents $ 763,088 $ — $ (1) $ 763,087 Included in Marketable securities $ 5,192,333 $ 959 $ (28,193) $ 5,165,099 As of January 31, 2023, debt securities consisted of the following (in thousands): Amortized Cost Unrealized Gains Unrealized Losses Aggregate Fair Value U.S. treasury securities $ 2,455,739 $ 77 $ (6,765) $ 2,449,051 U.S. agency obligations 325,664 — (3,874) 321,790 Corporate bonds 966,801 1,617 (6,715) 961,703 Commercial paper 1,016,641 — (5) 1,016,636 Total debt securities $ 4,764,845 $ 1,694 $ (17,359) $ 4,749,180 Included in Cash and cash equivalents $ 594,864 $ — $ (1) $ 594,863 Included in Marketable securities $ 4,169,980 $ 1,694 $ (17,357) $ 4,154,317
Contractual Maturity of Debt Securities	The contractual maturities of the debt securities were as follows (in thousands): July 31, 2023 Due within 1 year $ 3,992,736 Due in 1 year through 5 years 1,935,450 Total debt securities $ 5,928,186
Equity Investments	Equity investments consisted of the following (in thousands): Condensed Consolidated Balance Sheets Location July 31, 2023 January 31, 2023 Money market funds Cash and cash equivalents $ 447,869 $ 902,226 Non-marketable equity investments measured using the measurement alternative Other assets 261,506 261,922 Marketable equity investments Marketable securities 56,302 80,766 Total equity investments $ 765,677 $ 1,244,914
Realized and Unrealized Gains and Losses With Equity Investments	Total realized and unrealized gains and losses associated with our equity investments consisted of the following (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Net realized gains (losses) recognized on equity investments sold (1) $ 2,421 $ 95 $ 1,099 $ 1,154 Net unrealized gains (losses) recognized on equity investments held as of the end of the period (1,583) (16,511) (8,275) (24,999) Total net gains (losses) recognized in Other income (expense), net $ 838 $ (16,416) $ (7,176) $ (23,845) (1) Reflects the difference between the sale proceeds and the carrying value of the equity investments at the beginning of the period.
Carrying Values Of Non-marketable Equity Investments	The carrying values for our non-marketable equity investments are summarized below (in thousands): July 31, 2023 January 31, 2023 Total initial cost $ 218,833 $ 206,833 Cumulative net unrealized gains (losses) 42,673 55,089 Carrying value $ 261,506 $ 261,922
Carrying Values Of Marketable Equity Investments	The carrying values for our marketable equity investments are summarized below (in thousands): July 31, 2023 January 31, 2023 Total initial cost $ 24,801 $ 38,449 Cumulative net unrealized gains (losses) 31,501 42,317 Carrying value $ 56,302 $ 80,766

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 31, 2023
Fair Value Disclosures [Abstract]
Information about Assets Measured at Fair Value on a Recurring Basis	The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis and their assigned levels within the valuation hierarchy as of July 31, 2023 (in thousands): Level 1 Level 2 Level 3 Total U.S. treasury securities $ 2,567,260 $ — $ — $ 2,567,260 U.S. agency obligations — 540,606 — 540,606 Corporate bonds — 1,635,530 — 1,635,530 Commercial paper — 1,184,790 — 1,184,790 Money market funds 447,869 — — 447,869 Marketable equity investments 56,302 — — 56,302 Foreign currency derivative assets — 47,191 — 47,191 Total assets $ 3,071,431 $ 3,408,117 $ — $ 6,479,548 Foreign currency derivative liabilities $ — $ 38,943 $ — $ 38,943 Total liabilities $ — $ 38,943 $ — $ 38,943 The following table presents information about our assets and liabilities that are measured at fair value on a recurring basis and their assigned levels within the valuation hierarchy as of January 31, 2023 (in thousands): Level 1 Level 2 Level 3 Total U.S. treasury securities $ 2,449,051 $ — $ — $ 2,449,051 U.S. agency obligations — 321,790 — 321,790 Corporate bonds — 961,703 — 961,703 Commercial paper — 1,016,636 — 1,016,636 Money market funds 902,226 — — 902,226 Marketable equity investments 80,766 — — 80,766 Foreign currency derivative assets — 64,824 — 64,824 Total assets $ 3,432,043 $ 2,364,953 $ — $ 5,796,996 Foreign currency derivative liabilities $ — $ 33,972 $ — $ 33,972 Total liabilities $ — $ 33,972 $ — $ 33,972

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jul. 31, 2023
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): July 31, 2023 January 31, 2023 Computers, equipment, and software $ 1,344,434 $ 1,286,540 Buildings 721,589 719,966 Leasehold improvements 212,576 202,101 Furniture, fixtures, and transportation equipment 90,940 90,816 Land and land improvements 80,994 81,083 Property and equipment, gross 2,450,533 2,380,506 Less accumulated depreciation and amortization (1,228,699) (1,179,252) Property and equipment, net $ 1,221,834 $ 1,201,254

Acquisition-Related Intangibl_2

Acquisition-Related Intangible Assets, Net (Tables)	6 Months Ended
	Jul. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Acquired Assets	Acquisition-related intangible assets, net consisted of the following (in thousands): July 31, 2023 January 31, 2023 Developed technology $ 342,700 $ 342,700 Customer relationships 311,100 311,100 Backlog 15,000 15,000 Trade name 12,500 12,500 Acquisition-related intangible assets, gross 681,300 681,300 Less accumulated amortization (418,244) (375,835) Acquisition-related intangible assets, net $ 263,056 $ 305,465
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	As of July 31, 2023, our future estimated amortization expense related to acquisition-related intangible assets was as follows (in thousands): Fiscal Period: Remainder of 2024 $ 31,909 2025 61,663 2026 55,748 2027 31,177 2028 26,944 Thereafter 55,615 Total $ 263,056 Fiscal Period: Remainder of 2024 $ 2,097 2025 3,639 2026 3,290 2027 2,942 2028 2,697 Thereafter 12,873 Total $ 27,538

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jul. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Noncurrent Assets	Other noncurrent assets consisted of the following (in thousands): July 31, 2023 January 31, 2023 Non-marketable equity and other investments $ 261,506 $ 263,485 Technology patents and other intangible assets, net 27,538 20,534 Prepayments for goods and services 19,913 23,466 Derivative assets 14,676 21,757 Net deferred tax assets 9,859 12,650 Deposits 6,332 5,819 Other 11,036 13,274 Total other assets $ 350,860 $ 360,985
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	As of July 31, 2023, our future estimated amortization expense related to acquisition-related intangible assets was as follows (in thousands): Fiscal Period: Remainder of 2024 $ 31,909 2025 61,663 2026 55,748 2027 31,177 2028 26,944 Thereafter 55,615 Total $ 263,056 Fiscal Period: Remainder of 2024 $ 2,097 2025 3,639 2026 3,290 2027 2,942 2028 2,697 Thereafter 12,873 Total $ 27,538

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jul. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Values of Outstanding Derivative Instruments	The fair values of outstanding derivative instruments were as follows (in thousands): Condensed Consolidated Balance Sheets Location July 31, 2023 January 31, 2023 Derivative assets: Cash flow hedges Prepaid expenses and other current assets $ 32,135 $ 42,968 Cash flow hedges Other assets 14,676 21,757 Non-designated hedges Prepaid expenses and other current assets 380 99 Total derivative assets $ 47,191 $ 64,824 Derivative liabilities: Cash flow hedges Accrued expenses and other current liabilities $ 16,600 $ 13,231 Cash flow hedges Other liabilities 21,469 15,496 Non-designated hedges Accrued expenses and other current liabilities 872 5,244 Non-designated hedges Other liabilities 2 1 Total derivative liabilities $ 38,943 $ 33,972
Derivative Instruments Gain (Loss)	The effect of cash flow hedges on the Condensed Consolidated Statements of Operations was as follows (in thousands): Three Months Ended July 31, Condensed Consolidated Statements of Operations Location 2023 2022 Total Gains (losses) related to cash flow hedges Total Gains (losses) related to cash flow hedges Revenues $ 1,786,766 $ 17,266 $ 1,535,798 $ 1,495 Costs and expenses 1,750,509 1,640 1,569,876 (5,955) Six Months Ended July 31, Condensed Consolidated Statements of Operations Location 2023 2022 Total Gains (losses) related to cash flow hedges Total Gains (losses) related to cash flow hedges Revenues $ 3,471,078 $ 33,592 $ 2,970,455 $ 338 Costs and expenses 3,454,621 942 3,077,376 (6,784) Pre-tax gains (losses) associated with cash flow hedges were as follows (in thousands): Condensed Consolidated Statements of Operations and Statements of Comprehensive Income (Loss) Locations Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Gains (losses) recognized in OCI Net change in unrealized gains (losses) on cash flow hedges $ (14,703) $ 17,734 $ (12,707) $ 61,994 Gains (losses) reclassified from AOCI into income (effective portion) Revenues 17,266 1,495 33,592 338 Gains (losses) reclassified from AOCI into income (effective portion) Costs and expenses 1,640 (5,955) 942 (6,784) Gains (losses) associated with non-designated hedges were as follows (in thousands): Condensed Consolidated Statements of Operations Location Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Gains (losses) related to non-designated hedges Other income (expense), net $ (1,002) $ 2,135 $ 1,432 $ 6,101
Offsetting Assets	As of July 31, 2023, information related to these offsetting arrangements was as follows (in thousands): Gross Amounts of Recognized Assets Gross Amounts Offset on the Condensed Consolidated Balance Sheets Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets Net Assets Exposed Financial Instruments Cash Collateral Received Derivative assets: Counterparty A $ 14,550 $ — $ 14,550 $ (8,966) $ — $ 5,584 Counterparty B 8,420 — 8,420 (7,219) — 1,201 Counterparty C 2,099 — 2,099 (301) — 1,798 Counterparty D 19,769 — 19,769 (19,876) — (107) Counterparty E 2,353 — 2,353 (2,581) — (228) Total $ 47,191 $ — $ 47,191 $ (38,943) $ — $ 8,248
Offsetting Liabilities	Gross Amounts of Recognized Liabilities Gross Amounts Offset on the Condensed Consolidated Balance Sheets Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets Net Liabilities Exposed Financial Instruments Cash Collateral Pledged Derivative liabilities: Counterparty A $ 8,966 $ — $ 8,966 $ (8,966) $ — $ — Counterparty B 7,219 — 7,219 (7,219) — — Counterparty C 301 — 301 (301) — — Counterparty D 19,876 — 19,876 (19,876) — — Counterparty E 2,581 — 2,581 (2,581) — — Total $ 38,943 $ — $ 38,943 $ (38,943) $ — $ —

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 31, 2023
Debt Disclosure [Abstract]
Outstanding Debt	Outstanding debt consisted of the following (in thousands): July 31, 2023 January 31, 2023 2027 Notes $ 1,000,000 $ 1,000,000 2029 Notes 750,000 750,000 2032 Notes 1,250,000 1,250,000 Total principal amount 3,000,000 3,000,000 Less: unamortized debt discount and issuance costs (22,155) (24,066) Net carrying amount 2,977,845 2,975,934 Debt, noncurrent $ 2,977,845 $ 2,975,934
Schedule of Maturities of Long-term Debt	As of July 31, 2023, the future principal payments for the outstanding debt were as follows (in thousands): Fiscal Period: Remainder of 2024 $ — 2025 — 2026 — 2027 — 2028 1,000,000 Thereafter 2,000,000 Total principal amount $ 3,000,000
Schedule of Interest Expense	The following table sets forth total interest expense recognized related to our debt (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Contractual interest expense $ 27,563 $ 28,281 $ 55,126 $ 39,666 Interest cost related to amortization and write-off of debt discount and issuance costs 956 1,842 1,911 4,443 Total interest expense $ 28,519 $ 30,123 $ 57,037 $ 44,109

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jul. 31, 2023
Leases [Abstract]
Components of Lease Expense	The components of operating lease expense were as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Operating lease cost $ 26,620 $ 24,773 $ 55,080 $ 48,417 Short-term lease cost 740 922 1,642 2,147 Variable lease cost 10,850 10,410 21,998 20,183 Total operating lease cost $ 38,210 $ 36,105 $ 78,720 $ 70,747
Information Related to Right-of-Use Assets and Lease Liabilities	Supplemental cash flow information related to our operating leases was as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Cash paid for operating lease liabilities $ 25,399 $ 19,538 $ 53,809 $ 45,196 Operating lease right-of-use assets obtained in exchange for new operating lease liabilities 31,529 57,899 63,755 86,480 Other information related to our operating leases was as follows: July 31, 2023 January 31, 2023 Weighted average remaining lease term (in years) 5 5 Weighted average discount rate 3.25 % 2.79 %
Maturities of Operating Lease Liabilities	As of July 31, 2023, maturities of operating lease liabilities were as follows (in thousands): Fiscal Period: Remainder of 2024 $ 54,890 2025 92,565 2026 60,337 2027 41,822 2028 33,017 Thereafter 41,034 Total lease payments 323,665 Less imputed interest (32,717) Total operating lease liabilities $ 290,948

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jul. 31, 2023
Equity [Abstract]
Summary of Information Related to Restricted Stock Units Activity	RSU activity during the six months ended July 31, 2023, was as follows (in thousands, except per share data): Number of Shares Weighted-Average Grant Date Fair Value Balance as of January 31, 2023 14,099 $ 206.38 RSUs granted 7,865 191.17 RSUs vested (3,822) 204.93 RSUs forfeited (780) 206.81 Balance as of July 31, 2023 17,362 199.79
Summary of Information Related to Stock Option Activity	Stock option activity during the six months ended July 31, 2023, was as follows (in thousands, except aggregate intrinsic value, which is reflected in millions and per share data): Outstanding Stock Options Weighted-Average Exercise Price Aggregate Intrinsic Value Balance as of January 31, 2023 115 $ 30.36 $ 17 Stock options exercised (14) 36.51 Stock options canceled — — Balance as of July 31, 2023 101 29.53 21 Vested and expected to vest as of July 31, 2023 101 29.53 21 Exercisable as of July 31, 2023 101 29.53 21

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	6 Months Ended
	Jul. 31, 2023
Other Income and Expenses [Abstract]
Other Income (Expense), Net	Other income (expense), net consisted of the following (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Interest income $ 71,569 $ 15,214 $ 134,264 $ 19,221 Interest expense (1) (28,536) (30,160) (57,082) (44,178) Other (2) 2,522 (17,843) (4,918) (27,995) Total other income (expense), net $ 45,555 $ (32,789) $ 72,264 $ (52,952) (1) Interest expense primarily includes the contractual interest expense of our debt obligations, and the related non-cash interest expense attributable to amortization of the debt discount and issuance costs. For further information, see Note 10, Debt . (2) Other primarily includes the net gains (losses) from our equity investments. For further information, see Note 3, Investments .

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	6 Months Ended
	Jul. 31, 2023
Earnings Per Share [Abstract]
Summary of Calculation of Basic and Diluted Net Income (Loss) Per Share	The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Class A Class B Class A Class B Class A Class B Class A Class B Net income (loss) per share, basic: Numerator: Net income (loss) $ 62,207 $ 16,453 $ (50,282) $ (13,876) $ 62,241 $ 16,555 $ (130,088) $ (36,243) Denominator: Weighted-average shares outstanding, basic 206,559 54,632 199,342 55,013 205,393 54,633 197,928 55,143 Net income (loss) per share, basic $ 0.30 $ 0.30 $ (0.25) $ (0.25) $ 0.30 $ 0.30 $ (0.66) $ (0.66) Net income (loss) per share, diluted: Numerator: Net income (loss) $ 62,207 $ 16,453 $ (50,282) $ (13,876) $ 62,241 $ 16,555 $ (130,088) $ (36,243) Reallocation of net income as a result of conversion of Class B to Class A common stock 16,453 — — — 16,555 — — — Reallocation of net income to Class B common stock — (202) — — — (182) — — Net income (loss) for diluted calculation 78,660 16,251 (50,282) (13,876) 78,796 16,373 (130,088) (36,243) Denominator: Weighted-average shares outstanding, basic 206,559 54,632 199,342 55,013 205,393 54,633 197,928 55,143 Conversion of Class B to Class A common stock 54,632 — — — 54,633 — — — Dilutive effect of share-based awards 3,244 — — — 2,897 — — — Weighted-average shares outstanding, diluted 264,435 54,632 199,342 55,013 262,923 54,633 197,928 55,143 Net income (loss) per share, diluted $ 0.30 $ 0.30 $ (0.25) $ (0.25) $ 0.30 $ 0.30 $ (0.66) $ (0.66)
Shares Excluded from Diluted Net Income (Loss) Per Share	The effects of these potentially outstanding shares were not included in the calculation of diluted net income (loss) per share because the effect would have been anti-dilutive (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 Shares related to outstanding share-based awards 2,531 16,599 3,220 15,127 Shares related to the convertible senior notes — 7,815 — 7,816 Shares subject to warrants related to the issuance of convertible senior notes — 7,818 — 7,818 Total 2,531 32,232 3,220 30,761

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
	Jul. 31, 2023
Segment Reporting [Abstract]
Summary of Revenues by Geographic Area	The following table sets forth revenues by geographic area (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2023 2022 2023 2022 United States $ 1,344,571 $ 1,152,362 $ 2,608,536 $ 2,227,407 Other countries 442,195 383,436 862,542 743,048 Total revenues $ 1,786,766 $ 1,535,798 $ 3,471,078 $ 2,970,455
Long-lived Assets by Geographic Areas	Aggregate Property and equipment, net and Operating lease right-of-use assets by geographic area was as follows (in thousands): July 31, 2023 January 31, 2023 United States $ 1,175,181 $ 1,206,486 Ireland 217,654 159,337 Other countries 91,139 84,709 Total long-lived assets $ 1,483,974 $ 1,450,532

Overview and Basis of Present_3

Overview and Basis of Presentation (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2023 USD ($)	Jul. 31, 2022 USD ($)	Jul. 31, 2023 USD ($) segment	Jul. 31, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Decrease in depreciation expense	$ (49)	$ (71)	$ (97)	$ (138)
Number of operating segments | segment			1
Data Center Equipment | Long-Lived Tangible Assets, Amortization Period
Property, Plant and Equipment [Line Items]
Decrease in depreciation expense	$ 25		$ 55
Minimum | Data Center Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (years)	3 years		3 years
Maximum | Data Center Equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life (years)	5 years		5 years

Investments - Summary of Market

Investments - Summary of Marketable Securities (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 5,955,421	$ 4,764,845
Unrealized Gains	959	1,694
Unrealized Losses	(28,194)	(17,359)
Aggregate Fair Value	5,928,186	4,749,180
Included in Cash and cash equivalents
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	763,088	594,864
Unrealized Gains	0	0
Unrealized Losses	(1)	(1)
Aggregate Fair Value	763,087	594,863
Included in Marketable securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,192,333	4,169,980
Unrealized Gains	959	1,694
Unrealized Losses	(28,193)	(17,357)
Aggregate Fair Value	5,165,099	4,154,317
U.S. treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,577,707	2,455,739
Unrealized Gains	23	77
Unrealized Losses	(10,470)	(6,765)
Aggregate Fair Value	2,567,260	2,449,051
U.S. agency obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	543,065	325,664
Unrealized Gains	283	0
Unrealized Losses	(2,742)	(3,874)
Aggregate Fair Value	540,606	321,790
Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,649,860	966,801
Unrealized Gains	652	1,617
Unrealized Losses	(14,982)	(6,715)
Aggregate Fair Value	1,635,530	961,703
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,184,789	1,016,641
Unrealized Gains	1	0
Unrealized Losses	0	(5)
Aggregate Fair Value	$ 1,184,790	$ 1,016,636

Investments - Contractual Matur

Investments - Contractual Maturity of Debt Securities (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Due within 1 year	$ 3,992,736
Due in 1 year through 5 years	1,935,450
Aggregate Fair Value	$ 5,928,186	$ 4,749,180

Investments - Narrative (Detail

Investments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Fair value of debt securities in an unrealized loss position	$ 4,100		$ 4,100		$ 3,100
Credit and non-credit losses on debt securities	0	$ 0	0	$ 0
Proceeds of sale of debt securities	6	28	18	28
Impairment loss on non-marketable equity securities	10	0	12	14
Upward price adjustment to non-marketable equity investments		3		6
Proceeds from sale of available-for-sale securities, equity	20	0	30	5
Gain on sale of equity securities marketable equity investments	2		1	1
Equity securities, unrealized gain	$ 8		$ 4
Equity securities, unrealized loss		$ 20		$ 17

Investments - Equity Investment

Investments - Equity Investments (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Schedule of Equity Method Investments [Line Items]
Non-marketable equity investments measured using the measurement alternative	$ 261,506	$ 261,922
Equity investments	765,677	1,244,914
Cash and cash equivalents
Schedule of Equity Method Investments [Line Items]
Equity securities	447,869	902,226
Other assets
Schedule of Equity Method Investments [Line Items]
Non-marketable equity investments measured using the measurement alternative	261,506	261,922
Marketable securities
Schedule of Equity Method Investments [Line Items]
Equity securities	$ 56,302	$ 80,766

Investments - Equity Investme_2

Investments - Equity Investments Realized and Unrealized Gains (Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Net realized gains (losses) recognized on equity investments sold	$ 2,421	$ 95	$ 1,099	$ 1,154
Net unrealized gains (losses) recognized on equity investments held as of the end of the period	(1,583)	(16,511)	(8,275)	(24,999)
Total net gains (losses) recognized in Other income (expense), net	$ 838	$ (16,416)	$ (7,176)	$ (23,845)

Investments - Schedule of Non-M

Investments - Schedule of Non-Marketable Equity Investments (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Total initial cost	$ 218,833	$ 206,833
Cumulative net unrealized gains (losses)	42,673	55,089
Carrying value	$ 261,506	$ 261,922

Investments - Schedule of Marke

Investments - Schedule of Marketable Equity Investments (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]
Total initial cost	$ 24,801	$ 38,449
Cumulative net unrealized gains (losses)	31,501	42,317
Marketable securities
Debt and Equity Securities, FV-NI [Line Items]
Equity securities	$ 56,302	$ 80,766

Fair Value Measurements - Infor

Fair Value Measurements - Information about Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	$ 5,928,186	$ 4,749,180
Foreign currency derivative assets	47,191
Foreign currency derivative liabilities	38,943
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	2,567,260	2,449,051
U.S. agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	540,606	321,790
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	1,635,530	961,703
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	1,184,790	1,016,636
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity investments	56,302	80,766
Foreign currency derivative assets	47,191	64,824
Total assets	6,479,548	5,796,996
Foreign currency derivative liabilities	38,943	33,972
Total liabilities	38,943	33,972
Fair Value, Measurements, Recurring | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	2,567,260	2,449,051
Fair Value, Measurements, Recurring | U.S. agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	540,606	321,790
Fair Value, Measurements, Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	1,635,530	961,703
Fair Value, Measurements, Recurring | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	1,184,790	1,016,636
Fair Value, Measurements, Recurring | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	447,869	902,226
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity investments	56,302	80,766
Foreign currency derivative assets	0	0
Total assets	3,071,431	3,432,043
Foreign currency derivative liabilities	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	2,567,260	2,449,051
Fair Value, Measurements, Recurring | Level 1 | U.S. agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	447,869	902,226
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity investments	0	0
Foreign currency derivative assets	47,191	64,824
Total assets	3,408,117	2,364,953
Foreign currency derivative liabilities	38,943	33,972
Total liabilities	38,943	33,972
Fair Value, Measurements, Recurring | Level 2 | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Fair Value, Measurements, Recurring | Level 2 | U.S. agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	540,606	321,790
Fair Value, Measurements, Recurring | Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	1,635,530	961,703
Fair Value, Measurements, Recurring | Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	1,184,790	1,016,636
Fair Value, Measurements, Recurring | Level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable equity investments	0	0
Foreign currency derivative assets	0	0
Total assets	0	0
Foreign currency derivative liabilities	0	0
Total liabilities	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 0	$ 0

Deferred Costs (Details)

Deferred Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023
Revenue from Contract with Customer [Abstract]
Deferred sales commission	$ 614		$ 614		$ 612
Amortization of deferred costs	52	$ 43	101	$ 82
Capitalized contract cost, impairment loss	$ 0	$ 0	$ 0	$ 0

Property and Equipment, Net - S

Property and Equipment, Net - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,450,533	$ 2,380,506
Less accumulated depreciation and amortization	(1,228,699)	(1,179,252)
Property and equipment, net	1,221,834	1,201,254
Computers, equipment, and software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,344,434	1,286,540
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	721,589	719,966
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	212,576	202,101
Furniture, fixtures, and transportation equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	90,940	90,816
Land and land improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 80,994	$ 81,083

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 49	$ 71	$ 97	$ 138

Acquisition-Related Intangibl_3

Acquisition-Related Intangible Assets, Net - Schedule of Acquired Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023
Acquisition-related intangible assets
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 681,300		$ 681,300		$ 681,300
Less accumulated amortization	(418,244)		(418,244)		(375,835)
Total	263,056		263,056		305,465
Amortization of intangible assets	21,000	$ 21,000	42,000	$ 43,000
Developed technology
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	342,700		342,700		342,700
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	311,100		311,100		311,100
Backlog
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	15,000		15,000		15,000
Trade name
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 12,500		$ 12,500		$ 12,500

Acquisition-Related Intangibl_4

Acquisition-Related Intangible Assets, Net - Schedule of Future Amortization Expense (Detail) - Acquisition-related intangible assets - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Remainder of 2024	$ 31,909
2025	61,663
2026	55,748
2027	31,177
2028	26,944
Thereafter	55,615
Total	$ 263,056	$ 305,465

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Other Assets [Line Items]
Non-marketable equity and other investments	$ 261,506	$ 263,485
Prepayments for goods and services	19,913	23,466
Derivative assets	14,676	21,757
Net deferred tax assets	9,859	12,650
Deposits	6,332	5,819
Other	11,036	13,274
Total other assets	350,860	360,985
Patented Technology and Other Intangible Assets, Net
Other Assets [Line Items]
Technology patents and other intangible assets, net	$ 27,538	$ 20,534

Other Assets - Summary of Futur

Other Assets - Summary of Future Estimated Amortization Expense Related to Acquired Land Leasehold Interest and Technology Patents (Details) - Patented Technology and Other Intangible Assets, Net - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Remainder of 2024	$ 2,097
2025	3,639
2026	3,290
2027	2,942
2028	2,697
Thereafter	12,873
Total	$ 27,538	$ 20,534

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	Jul. 31, 2023	Jan. 31, 2023
Derivative [Line Items]
Net gains on cash flow hedges estimated to be reclassified into income within the next 12 months	$ 41
Non-designated hedges | Long
Derivative [Line Items]
Derivative, notional amount	138	$ 235
Non-designated hedges | Short
Derivative [Line Items]
Derivative, notional amount	19	2
Cash flow hedges | Cash flow hedges | Long
Derivative [Line Items]
Derivative, notional amount	2,100	1,700
Cash flow hedges | Cash flow hedges | Short
Derivative [Line Items]
Derivative, notional amount	$ 350	$ 324
Cash flow hedges | Cash flow hedges | Maximum
Derivative [Line Items]
Derivative, remaining maturity (in months)	48 months

Derivative Instruments - Fair V

Derivative Instruments - Fair Values of Outstanding Derivative Instruments (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Derivatives, Fair Value [Line Items]
Derivative assets:	$ 47,191	$ 64,824
Derivative liabilities:	38,943	33,972
Non-designated hedges | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets:	380	99
Non-designated hedges | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities:	872	5,244
Non-designated hedges | Other liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities:	2	1
Cash flow hedges | Cash flow hedges | Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets:	32,135	42,968
Cash flow hedges | Cash flow hedges | Other assets
Derivatives, Fair Value [Line Items]
Derivative assets:	14,676	21,757
Cash flow hedges | Cash flow hedges | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities:	16,600	13,231
Cash flow hedges | Cash flow hedges | Other liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities:	$ 21,469	$ 15,496

Derivative Instruments - Effect

Derivative Instruments - Effect of Cash Flow Hedges on Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Revenues	$ 1,786,766	$ 1,535,798	$ 3,471,078	$ 2,970,455
Costs and expenses	1,750,509	1,569,876	3,454,621	3,077,376
Revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) related to cash flow hedges	17,266	1,495	33,592	338
Costs and expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) related to cash flow hedges	$ 1,640	$ (5,955)	$ 942	$ (6,784)

Derivative Instruments - Pre-ta

Derivative Instruments - Pre-tax Gains (Losses) Associated with Cash Flow Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) recognized in OCI	$ (14,703)	$ 17,734	$ (12,707)	$ 61,994
Revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified from AOCI into income (effective portion)	17,266	1,495	33,592	338
Costs and expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) reclassified from AOCI into income (effective portion)	1,640	(5,955)	942	(6,784)
Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) related to non-designated hedges	$ (1,002)	$ 2,135	$ 1,432	$ 6,101

Derivative Instruments - Offset

Derivative Instruments - Offsetting Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	$ 47,191	$ 64,824
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets	47,191
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(38,943)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Received	0
Net Assets Exposed	8,248
Counterparty A
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	14,550
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets	14,550
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(8,966)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Received	0
Net Assets Exposed	5,584
Counterparty B
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	8,420
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets	8,420
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(7,219)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Received	0
Net Assets Exposed	1,201
Counterparty C
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	2,099
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets	2,099
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(301)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Received	0
Net Assets Exposed	1,798
Counterparty D
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	19,769
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets	19,769
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(19,876)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Received	0
Net Assets Exposed	(107)
Counterparty E
Offsetting Assets [Line Items]
Gross Amounts of Recognized Assets	2,353
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Assets Presented on the Condensed Consolidated Balance Sheets	2,353
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(2,581)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Received	0
Net Assets Exposed	$ (228)

Derivative Instruments - Offs_2

Derivative Instruments - Offsetting Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	$ 38,943	$ 33,972
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets	38,943
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(38,943)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Pledged	0
Net Liabilities Exposed	0
Counterparty A
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	8,966
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets	8,966
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(8,966)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Pledged	0
Net Liabilities Exposed	0
Counterparty B
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	7,219
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets	7,219
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(7,219)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Pledged	0
Net Liabilities Exposed	0
Counterparty C
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	301
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets	301
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(301)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Pledged	0
Net Liabilities Exposed	0
Counterparty D
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	19,876
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets	19,876
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(19,876)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Pledged	0
Net Liabilities Exposed	0
Counterparty E
Offsetting Liabilities [Line Items]
Gross Amounts of Recognized Liabilities	2,581
Gross Amounts Offset on the Condensed Consolidated Balance Sheets	0
Net Amounts of Liabilities Presented on the Condensed Consolidated Balance Sheets	2,581
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Financial Instruments	(2,581)
Gross Amounts Not Offset on the Condensed Consolidated Balance Sheets, Cash Collateral Pledged	0
Net Liabilities Exposed	$ 0

Debt - Outstanding Debt (Detail

Debt - Outstanding Debt (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,000,000	$ 3,000,000
Less: unamortized debt discount and issuance costs	(22,155)	(24,066)
Net carrying amount	2,977,845	2,975,934
Debt, noncurrent	2,977,845	2,975,934
2027 Notes
Debt Instrument [Line Items]
Long-term debt, gross	1,000,000	1,000,000
2029 Notes
Debt Instrument [Line Items]
Long-term debt, gross	750,000	750,000
2032 Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,250,000	$ 1,250,000

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Debt Disclosure [Abstract]
Remainder of 2024	$ 0
2025	0
2026	0
2027	0
2028	1,000,000
Thereafter	2,000,000
Total principal amount	$ 3,000,000	$ 3,000,000

Debt - Senior Notes, Credit Agr

Debt - Senior Notes, Credit Agreement, Convertible Senior Notes, Notes Hedges and Warrants (Details) $ / shares in Units, shares in Millions	1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Apr. 30, 2022 USD ($)	Oct. 31, 2022 USD ($) shares	Jul. 31, 2023 USD ($) trading_day $ / shares shares	Jan. 31, 2023 USD ($) shares	Apr. 30, 2020 USD ($)	Sep. 30, 2017 USD ($)
Debt Instrument [Line Items]
Debt discount and issuance costs			$ 22,155,000	$ 24,066,000
Senior Notes
Debt Instrument [Line Items]
Principal	$ 3,000,000,000
Debt discount and issuance costs	27,000,000
Fair value of Senior Notes			$ 2,800,000,000
2027 Notes | Senior Notes
Debt Instrument [Line Items]
Principal	$ 1,000,000,000
Contractual interest rate	3.50%
Effective interest rate			3.67%
2029 Notes | Senior Notes
Debt Instrument [Line Items]
Principal	$ 750,000,000
Contractual interest rate	3.70%
Effective interest rate			3.82%
2032 Notes | Senior Notes
Debt Instrument [Line Items]
Principal	$ 1,250,000,000
Contractual interest rate	3.80%
Effective interest rate			3.90%
2022 Credit Agreement
Debt Instrument [Line Items]
Debt instrument, maximum leverage ratio			3.50
Debt instrument, maximum leverage ratio step up			4.50
2022 Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,000,000,000
Long-term line of credit			$ 0
Term Loan | Term Loan
Debt Instrument [Line Items]
Principal					$ 750,000,000
Remaining principal paid off	694,000,000
2020 Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 750,000,000
Long-term line of credit	$ 0
2022 Notes
Debt Instrument [Line Items]
Repayments on convertible senior notes		$ 1,150,000,000
Shares covered by each purchased options or warrants (in shares) | shares			7.8
Number of trading days related to warrants (in days) | trading_day			60
Exercise price of warrants (in dollars per share) | $ / shares			$ 213.96
2022 Notes | Convertible Debt
Debt Instrument [Line Items]
Principal						$ 1,150,000,000
Contractual interest rate						0.25%
2022 Notes | Convertible Debt | Class A
Debt Instrument [Line Items]
Settlement of convertible senior notes (in shares) | shares				0.6
Indexed shares (in shares) | shares			7.8
Initial conversion price (in dollars per share) | $ / shares			$ 147.10
Purchase of treasury stock from the exercise of convertible senior notes hedges (in shares) | shares		0.6
Base Rate | Minimum | 2022 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate			0%
Base Rate | Maximum | 2022 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate			0.50%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | 2022 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate			0.10%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum | 2022 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate			0.75%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum | 2022 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate			1.50%

Debt - Schedule of Interest Exp

Debt - Schedule of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Debt Disclosure [Abstract]
Contractual interest expense	$ 27,563	$ 28,281	$ 55,126	$ 39,666
Interest cost related to amortization and write-off of debt discount and issuance costs	956	1,842	1,911	4,443
Total interest expense	$ 28,519	$ 30,123	$ 57,037	$ 44,109

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 262,140	$ 249,278
Operating lease liabilities	290,948	$ 273,000
Operating lease, lease not yet commenced, payment	$ 63,000
Minimum
Lessee, Lease, Description [Line Items]
Operating lease, lease not yet commenced, term (years)	5 years
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, lease not yet commenced, term (years)	6 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Leases [Abstract]
Operating lease cost	$ 26,620	$ 24,773	$ 55,080	$ 48,417
Short-term lease cost	740	922	1,642	2,147
Variable lease cost	10,850	10,410	21,998	20,183
Total operating lease cost	$ 38,210	$ 36,105	$ 78,720	$ 70,747

Leases - Information Related to

Leases - Information Related to Our Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022	Jan. 31, 2023
Leases [Abstract]
Cash paid for operating lease liabilities	$ 25,399	$ 19,538	$ 53,809	$ 45,196
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities	$ 31,529	$ 57,899	$ 63,755	$ 86,480
Weighted average remaining lease term (in years)	5 years		5 years		5 years
Weighted average discount rate	3.25%		3.25%		2.79%

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of 2024	$ 54,890
2025	92,565
2026	60,337
2027	41,822
2028	33,017
Thereafter	41,034
Total lease payments	323,665
Less imputed interest	(32,717)
Total operating lease liabilities	$ 290,948	$ 273,000

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Dec. 31, 2022 $ / shares shares	Jul. 31, 2023 USD ($) shares	Jul. 31, 2022 shares	Jul. 31, 2023 USD ($) vote $ / shares shares	Jul. 31, 2022 shares	Nov. 30, 2022 USD ($)	Jun. 30, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized repurchase amount | $						$ 500
Term of contract (in months)				18 months
Authorized remaining amount to be purchased | $		$ 287		$ 287
Unrecognized compensation cost | $		$ 0		$ 0
Common stock:
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury stock repurchased (in shares)		635,000	0	635,000	0
Common stock repurchases under share repurchase program | $				$ 139
Treasury stock, average price per share (in dollars per share) | $ / shares				$ 218.33
2022 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reserved for future issuance (in shares)							30,000,000
Common stock available for future grants (in shares)		21,000,000		21,000,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for future grants (in shares)		4,000,000		4,000,000
Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of fair market value of stock at which employees are granted shares				85%
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of vesting (in years)				4 years
Unrecognized compensation cost, other than options | $		$ 2,600		$ 2,600
Unrecognized compensation cost recognized over weighted-average period (in years)				3 years
RSUs granted (in shares)				7,865,000
Weighted average grant date fair value (in dollars per share) | $ / shares				$ 191.17
Market-Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost, other than options | $		$ 27		$ 27
Unrecognized compensation cost recognized over weighted-average period (in years)				4 years
Expected volatility	40%
Risk-free interest rate	4%
Expected term (in years)	6 years
Weighted average grant date fair value (in dollars per share) | $ / shares	$ 124.80
Requisite service period (in years)	5 years
Market-Based Restricted Stock Units | Co-CEO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted (in shares)	300,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period of vesting (in years)				5 years
Period of which options become exercisable (in years)				10 years
Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, outstanding (in shares)		207,000,000		207,000,000
Common stock, votes per share | vote				1
Class B
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, outstanding (in shares)		55,000,000		55,000,000
Common stock, votes per share | vote				10

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted Stock Units Activity (Details) - Restricted Stock Units	6 Months Ended
	Jul. 31, 2023 $ / shares shares
Number of Shares
Beginning Balance (in shares) | shares	14,099,000
RSUs granted (in shares) | shares	7,865,000
RSUs vested (in shares) | shares	(3,822,000)
RSUs forfeited (in shares) | shares	(780,000)
Ending Balance (in shares) | shares	17,362,000
Weighted-Average Grant Date Fair Value
Beginning Balance (in dollars per share) | $ / shares	$ 206.38
RSUs granted (in dollars per share) | $ / shares	191.17
RSUs vested (in dollars per share) | $ / shares	204.93
RSUs forfeited (in dollars per share) | $ / shares	206.81
Ending Balance (in dollars per share) | $ / shares	$ 199.79

Stockholders' Equity - Stock Op

Stockholders' Equity - Stock Options (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jul. 31, 2023 USD ($) $ / shares shares
Outstanding Stock Options
Beginning Balance (in shares) | shares	115,000
Stock options exercised (in shares) | shares	(14,000)
Stock options canceled (in shares) | shares	0
Ending Balance (in shares) | shares	101,000
Vested and expected to vest (in shares) | shares	101,000
Exercisable (in shares) | shares	101,000
Weighted-Average Exercise Price
Beginning Balance (in dollars per share) | $ / shares	$ 30.36
Stock options exercised (in dollars per share) | $ / shares	36.51
Stock options canceled (in dollars per share) | $ / shares	0
Ending Balance (in dollars per share) | $ / shares	29.53
Vested and expected to vest, Weighted-Average Exercise Price (in dollars per share) | $ / shares	29.53
Exercisable, Weighted-Average Exercise Price (in dollars per share) | $ / shares	$ 29.53
Beginning balance, Aggregate Intrinsic Value | $	$ 17
Ending balance, Aggregate Intrinsic Value | $	21
Vested and expected to vest, Aggregate Intrinsic Value | $	21
Exercisable, Aggregate Intrinsic Value | $	$ 21

Unearned Revenue and Performa_2

Unearned Revenue and Performance Obligations - Narrative (Details) - USD ($) $ in Billions	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Revenue from Contract with Customer [Abstract]
Subscription revenue recognized that was included in total unearned revenue balance at beginning of period	$ 1.3	$ 1.2	$ 2.4	$ 2

Unearned Revenue and Performa_3

Unearned Revenue and Performance Obligations - Transaction Price Allocated to the Remaining Performance Obligations (Details) - Subscription services $ in Billions	Jul. 31, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue is expected to be recognized from remaining performance obligations for subscription contracts	$ 17.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-08-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue is expected to be recognized from remaining performance obligations for subscription contracts	$ 10.3
Recognition period (in months)	24 months

Other Income (Expense), Net (De

Other Income (Expense), Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Other Income and Expenses [Abstract]
Interest income	$ 71,569	$ 15,214	$ 134,264	$ 19,221
Interest expense	(28,536)	(30,160)	(57,082)	(44,178)
Other	2,522	(17,843)	(4,918)	(27,995)
Total other income (expense), net	$ 45,555	$ (32,789)	$ 72,264	$ (52,952)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Income Tax Disclosure [Abstract]
Income tax provision	$ 3,152	$ (2,709)	$ 9,925	$ 6,458

Net Income (Loss) Per Share - S

Net Income (Loss) Per Share - Summary of Calculation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Numerator:
Net income (loss)	$ 78,660	$ (64,158)	$ 78,796	$ (166,331)
Denominator:
Weighted-average shares outstanding, basic (in shares)	261,191	254,355	260,026	253,071
Weighted-average shares outstanding, diluted (in shares)	264,435	254,355	262,923	253,071
Net income (loss) per share, basic (in dollars per share)	$ 0.30	$ (0.25)	$ 0.30	$ (0.66)
Net income (loss) per share, diluted (in dollars per share)	$ 0.30	$ (0.25)	$ 0.30	$ (0.66)
Class A
Numerator:
Net income (loss)	$ 62,207	$ (50,282)	$ 62,241	$ (130,088)
Reallocation of net income as a result of conversion of Class B to Class A common stock	16,453	0	16,555	0
Reallocation of net income to Class B common stock	0	0	0	0
Net income (loss) for diluted calculation	$ 78,660	$ (50,282)	$ 78,796	$ (130,088)
Denominator:
Weighted-average shares outstanding, basic (in shares)	206,559	199,342	205,393	197,928
Conversion of Class B to Class A common stock (in shares)	54,632	0	54,633	0
Dilutive effect of share-based awards (in shares)	3,244	0	2,897	0
Weighted-average shares outstanding, diluted (in shares)	264,435	199,342	262,923	197,928
Net income (loss) per share, basic (in dollars per share)	$ 0.30	$ (0.25)	$ 0.30	$ (0.66)
Net income (loss) per share, diluted (in dollars per share)	$ 0.30	$ (0.25)	$ 0.30	$ (0.66)
Class B
Numerator:
Net income (loss)	$ 16,453	$ (13,876)	$ 16,555	$ (36,243)
Reallocation of net income as a result of conversion of Class B to Class A common stock	0	0	0	0
Reallocation of net income to Class B common stock	(202)	0	(182)	0
Net income (loss) for diluted calculation	$ 16,251	$ (13,876)	$ 16,373	$ (36,243)
Denominator:
Weighted-average shares outstanding, basic (in shares)	54,632	55,013	54,633	55,143
Conversion of Class B to Class A common stock (in shares)	0	0	0	0
Dilutive effect of share-based awards (in shares)	0	0	0	0
Weighted-average shares outstanding, diluted (in shares)	54,632	55,013	54,633	55,143
Net income (loss) per share, basic (in dollars per share)	$ 0.30	$ (0.25)	$ 0.30	$ (0.66)
Net income (loss) per share, diluted (in dollars per share)	$ 0.30	$ (0.25)	$ 0.30	$ (0.66)

Net Income (Loss) Per Share -_2

Net Income (Loss) Per Share - Summary of Diluted Net Income (Loss) Per Common Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023	Jul. 31, 2022	Jul. 31, 2023	Jul. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	2,531	32,232	3,220	30,761
Shares related to outstanding share-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	2,531	16,599	3,220	15,127
Shares related to the convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	0	7,815	0	7,816
Shares subject to warrants related to the issuance of convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total anti-dilutive securities (in shares)	0	7,818	0	7,818

Geographic Information - Summar

Geographic Information - Summary of Revenues by Geographic Area (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2023 USD ($) market	Jul. 31, 2022 USD ($)	Jul. 31, 2023 USD ($) market	Jul. 31, 2022 USD ($)
Disaggregation of Revenue [Line Items]
Number of primary geographical markets | market	2		2
Total revenues	$ 1,786,766	$ 1,535,798	$ 3,471,078	$ 2,970,455
United States
Disaggregation of Revenue [Line Items]
Total revenues	1,344,571	1,152,362	2,608,536	2,227,407
Other countries
Disaggregation of Revenue [Line Items]
Total revenues	$ 442,195	$ 383,436	$ 862,542	$ 743,048

Geographic Information - Long-L

Geographic Information - Long-Lived Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2023	Jan. 31, 2023
Long-Lived Assets [Line Items]
Total long-lived assets	$ 1,483,974	$ 1,450,532
United States
Long-Lived Assets [Line Items]
Total long-lived assets	1,175,181	1,206,486
Ireland
Long-Lived Assets [Line Items]
Total long-lived assets	217,654	159,337
Other countries
Long-Lived Assets [Line Items]
Total long-lived assets	$ 91,139	$ 84,709