WORKDAY, INC., 10-K filed on 3/8/2024
Annual Report
v3.24.0.1
Document and Entity Information - USD ($)
shares in Millions, $ in Billions
 12 Months Ended
Jan. 31, 2024
Mar. 06, 2024
Jul. 31, 2023
Entity Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Jan. 31, 2024    
Current Fiscal Year End Date --01-31    
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 Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
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    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] false    
Entity Shell Company false    
Entity Public Float     $ 49.0
Documents Incorporated by Reference
Portions of the registrant’s definitive proxy statement for its 2024 Annual Meeting of Stockholders (“Proxy Statement”), to be filed within 120 days of the registrant’s fiscal year ended January 31, 2024, are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Except with respect to information specifically incorporated by reference in this Form 10-K, the Proxy Statement is not deemed to be filed as part of this Form 10-K.
    
Amendment Flag false    
Document Fiscal Year Focus 2024    
Document Fiscal Period Focus FY    
Entity Central Index Key 0001327811    
Class A      
Entity Information [Line Items]      
Entity Common Stock, Shares Outstanding   211  
Class B      
Entity Information [Line Items]      
Entity Common Stock, Shares Outstanding   53  
v3.24.0.1
Audit Information
 12 Months Ended
Jan. 31, 2024
Audit Information [Abstract]  
Auditor Firm ID 42
Auditor Name Ernst & Young LLP
Auditor Location San Francisco, California
v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Current assets:    
Cash and cash equivalents $ 2,012 $ 1,886
Marketable securities 5,801 4,235
Trade and other receivables, net of allowance for credit losses of $11 and $9, respectively 1,639 1,570
Deferred costs 232 191
Prepaid expenses and other current assets 255 226
Total current assets 9,939 8,108
Property and equipment, net 1,234 1,201
Operating lease right-of-use assets 289 249
Deferred costs, noncurrent 509 421
Acquisition-related intangible assets, net 233 306
Deferred tax assets 1,065 13
Goodwill 2,846 2,840
Other assets 337 348
Total assets 16,452 13,486
Current liabilities:    
Accounts payable 78 154
Accrued expenses and other current liabilities 287 260
Accrued compensation 544 564
Unearned revenue 4,057 3,559
Operating lease liabilities 89 91
Total current liabilities 5,055 4,628
Debt, noncurrent 2,980 2,976
Unearned revenue, noncurrent 70 75
Operating lease liabilities, noncurrent 227 182
Other liabilities 38 40
Total liabilities 8,370 7,901
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued or outstanding 0 0
Additional paid-in capital 10,400 8,829
Treasury stock, at cost; 3,002 and 1,153 shares held, respectively (608) (185)
Accumulated other comprehensive income (loss) 21 53
Accumulated deficit (1,731) (3,112)
Total stockholders’ equity 8,082 5,585
Total liabilities and stockholders’ equity 16,452 13,486
Class A    
Stockholders’ equity:    
Common stock, value 0 0
Class B    
Stockholders’ equity:    
Common stock, value $ 0 $ 0
v3.24.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
shares in Thousands, $ in Millions
Jan. 31, 2024
Jan. 31, 2023
Net of allowance for doubtful accounts $ 11 $ 9
Preferred stock, par value (dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized 10,000 10,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Treasury stock, shares held, shares 3,002 1,153
Class A    
Common stock, par value per share (dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized 750,000 750,000
Common stock, shares issued 213,676 204,507
Common stock, shares outstanding 210,674 203,354
Class B    
Common stock, par value per share (dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized 240,000 240,000
Common stock, shares issued 53,188 54,637
Common stock, shares outstanding 53,188 54,637
v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Revenues:      
Total revenues $ 7,259 $ 6,216 $ 5,139
Costs and expenses:      
Product development [1] 2,464 2,271 1,879
Sales and marketing [1] 2,139 1,848 1,462
General and administrative [1] 702 604 486
Total costs and expenses 7,076 6,438 5,255
Operating income (loss) 183 (222) (116)
Other income (expense), net 173 (38) 132
Income (loss) before provision for (benefit from) income taxes 356 (260) 16
Provision for (benefit from) income taxes (1,025) 107 (13)
Net income (loss) $ 1,381 $ (367) $ 29
Net income (loss) per share, basic (in dollars per share) $ 5.28 $ (1.44) $ 0.12
Net income (loss) per share, diluted (in dollars per share) $ 5.21 $ (1.44) $ 0.12
Weighted-average shares used to compute net income (loss) per share, basic (in shares) 261,344 254,819 247,249
Weighted-average shares used to compute net income (loss) per share, diluted (in shares) 265,285 254,819 254,032
Subscription services      
Revenues:      
Total revenues $ 6,603 $ 5,567 $ 4,546
Costs and expenses:      
Total costs and expenses [1] 1,031 1,011 796
Professional services      
Revenues:      
Total revenues 656 649 593
Costs and expenses:      
Total costs and expenses [1] $ 740 $ 704 $ 632
[1] Costs and expenses include share-based compensation expenses as follows:
 Year Ended January 31,
 202420232022
Costs of subscription services$120 $106 $86 
Costs of professional services116 111 113 
Product development653 619 543 
Sales and marketing282 249 216 
General and administrative245 210 154 
Total share-based compensation expenses$1,416 $1,295 $1,112 
v3.24.0.1
Consolidated Statements of Operations (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Share-based compensation expense $ 1,416 $ 1,295 $ 1,112
Costs of subscription services      
Share-based compensation expense 120 106 86
Costs of professional services      
Share-based compensation expense 116 111 113
Product development      
Share-based compensation expense 653 619 543
Sales and marketing      
Share-based compensation expense 282 249 216
General and administrative      
Share-based compensation expense $ 245 $ 210 $ 154
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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Statement of Comprehensive Income [Abstract]      
Net income (loss) $ 1,381 $ (367) $ 29
Other comprehensive income (loss), net of tax:      
Net change in foreign currency translation adjustment (1) (2) (3)
Net change in unrealized gains (losses) on available-for-sale debt securities, net of tax provision of $5, $0, $0, respectively 18 (11) (6)
Net change in unrealized gains (losses) on cash flow hedges, net of tax provision of $2, $0, and $0, respectively (49) 58 72
Other comprehensive income (loss), net of tax (32) 45 63
Comprehensive income (loss) $ 1,349 $ (322) $ 92
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Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Statement of Comprehensive Income [Abstract]      
Unrealized gain (losses) on available-for-sale debt securities, tax provision $ 5 $ 0 $ 0
Unrealized gains (losses) on cash flow hedges, tax $ 2 $ 0 $ 0
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Consolidated Statements of Stockholders' Equity - USD ($)
shares in Thousands, $ in Millions
Total
Common stock shares:
Additional paid-in capital:
Additional paid-in capital:
Cumulative effect of accounting changes
Treasury stock:
Accumulated other comprehensive income (loss):
Accumulated deficit:
Accumulated deficit:
Cumulative effect of accounting changes
Balance, beginning of period (in shares) at Jan. 31, 2021   242,667            
Balance, beginning of period at Jan. 31, 2021     $ 6,255 $ (220) $ (12) $ (55) $ (2,910) $ 136
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes (in shares)   8,417            
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes     148          
Purchase of treasury stock from the exercise of convertible senior notes hedges (in shares)   0            
Settlement of convertible senior notes (in shares)   0            
Share-based compensation     1,101          
Exercise of convertible senior notes hedges     0   0      
Common stock repurchased (in shares)   0            
Common stock repurchases under share repurchase program         0      
Other (in shares)   125            
Other comprehensive income (loss) $ 63         63    
Net income (loss) 29           29  
Balance, end of period (in shares) at Jan. 31, 2022   251,209            
Balance, end of period at Jan. 31, 2022 4,535   7,284 0 (12) 8 (2,745) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes (in shares)   7,156            
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes     152          
Purchase of treasury stock from the exercise of convertible senior notes hedges (in shares)   (635)            
Settlement of convertible senior notes (in shares)   635            
Share-based compensation     1,295          
Exercise of convertible senior notes hedges     98   (98)      
Common stock repurchased (in shares)   (450)            
Common stock repurchases under share repurchase program         (75)      
Other (in shares)   76            
Other comprehensive income (loss) 45         45    
Net income (loss) (367)           (367)  
Balance, end of period (in shares) at Jan. 31, 2023   257,991            
Balance, end of period at Jan. 31, 2023 5,585   8,829 $ 0 (185) 53 (3,112) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes (in shares)   7,720            
Issuance of common stock under employee equity plans, net of shares withheld for employee taxes     155          
Purchase of treasury stock from the exercise of convertible senior notes hedges (in shares)   0            
Settlement of convertible senior notes (in shares)   0            
Share-based compensation     1,416          
Exercise of convertible senior notes hedges     0   0      
Common stock repurchased (in shares)   (1,849)            
Common stock repurchases under share repurchase program         (423)      
Other (in shares)   0            
Other comprehensive income (loss) (32)         (32)    
Net income (loss) 1,381           1,381  
Balance, end of period (in shares) at Jan. 31, 2024   263,862            
Balance, end of period at Jan. 31, 2024 $ 8,082   $ 10,400   $ (608) $ 21 $ (1,731)  
v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 1,381 $ (367) $ 29
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 282 364 344
Share-based compensation expenses 1,416 1,295 1,101
Amortization of deferred costs 213 175 139
Non-cash lease expense 96 92 86
(Gains) losses on investments 19 31 (146)
Accretion of discounts on marketable debt securities, net (149) (42) 3
Deferred income taxes (1,058) 4 (22)
Other (17) 57 9
Changes in operating assets and liabilities, net of business combinations:      
Trade and other receivables, net (87) (319) (208)
Deferred costs (342) (293) (238)
Prepaid expenses and other assets 69 (14) (35)
Accounts payable (72) 86 9
Accrued expenses and other liabilities (95) 136 51
Unearned revenue 493 452 529
Net cash provided by (used in) operating activities 2,149 1,657 1,651
Cash flows from investing activities:      
Purchases of marketable securities (6,150) (7,183) (2,859)
Maturities of marketable securities 4,519 4,949 2,804
Sales of marketable securities 144 104 199
Owned real estate projects (4) (4) (171)
Capital expenditures, excluding owned real estate projects (228) (360) (264)
Business combinations, net of cash acquired (8) 0 (1,190)
Purchase of other intangible assets (10) (1) (8)
Purchases of non-marketable equity and other investments (16) (23) (123)
Sales and maturities of non-marketable equity and other investments 2 12 5
Net cash provided by (used in) investing activities (1,751) (2,506) (1,607)
Cash flows from financing activities:      
Proceeds from issuance of debt, net of debt discount 0 2,978 0
Repayments and extinguishment of debt 0 (1,844) (38)
Payments for debt issuance costs 0 (7) 0
Repurchases of common stock (423) (75) 0
Proceeds from issuance of common stock from employee equity plans, net of taxes paid for shares withheld 155 152 148
Net cash provided by (used in) financing activities (268) 1,204 110
Effect of exchange rate changes (1) (1) (1)
Net increase (decrease) in cash, cash equivalents, and restricted cash 129 354 153
Cash, cash equivalents, and restricted cash at the beginning of period 1,895 1,541 1,388
Cash, cash equivalents, and restricted cash at the end of period 2,024 1,895 1,541
Supplemental cash flow data      
Cash paid for interest 110 60 13
Cash paid for income taxes, net of refunds 39 89 13
Non-cash investing and financing activities:      
Purchases of property and equipment, accrued but not paid 52 51 47
Reconciliation of cash, cash equivalents, and restricted cash as shown in the Consolidated Statements of Cash Flows      
Cash and cash equivalents 2,012 1,886 1,534
Restricted cash included in Prepaid expenses and other current assets 12 9 7
Total cash, cash equivalents, and restricted cash $ 2,024 $ 1,895 $ 1,541
v3.24.0.1
Overview and Basis of Presentation
 12 Months Ended
Jan. 31, 2024
Accounting Policies [Abstract]  
Overview and Basis of Presentation Overview and Basis of Presentation
Description of the Business
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.
Fiscal Year
Our fiscal year ends on January 31. References to fiscal 2024, for example, refer to the fiscal year ended January 31, 2024.
Basis of Presentation
These consolidated financial statements have been prepared in accordance with GAAP and include the results of Workday, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated.
Certain prior period amounts reported in our consolidated financial statements and notes thereto have been reclassified to conform to current period presentation.
Use of Estimates
The preparation of consolidated financial statements in conformity with GAAP requires us to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates, judgments, 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 realizability of deferred tax assets, the measurement of uncertain tax positions, 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, judgments, and assumptions, and such differences could be material to our 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 $93 million for fiscal 2024.
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. Our CODM allocates resources and assesses performance based upon discrete financial information at the consolidated level. For fiscal 2024, our co-chief executive officers together served as CODM for purposes of segment reporting.
Effective February 1, 2024, Mr. Bhusri stepped down from his role as Co-CEO and assumed the role of Executive Chair, and Mr. Eschenbach became the sole CEO. In conjunction with the transition, Mr. Bhusri no longer serves as CODM for purposes of segment reporting effective February 1, 2024. Despite the change in the CODM, we determined that no change to segment reporting is necessary as there is no change in the components for which separate financial information are regularly evaluated.
v3.24.0.1
Accounting Standards and Significant Accounting Policies
 12 Months Ended
Jan. 31, 2024
Accounting Policies [Abstract]  
Accounting Standards and Significant Accounting Policies Accounting Standards and Significant Accounting Policies
Summary of Significant Accounting Policies
Revenue Recognition
We derive our revenues from subscription services and professional services. Revenues are recognized when control of these services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to receive in exchange for services rendered. Revenues are recognized net of any taxes collected from customers which are subsequently remitted to governmental authorities.
We determine revenue recognition through the following steps:
•Identification of the contract, or contracts, with a customer;
•Identification of the performance obligations in the contract;
•Determination of the transaction price;
•Allocation of the transaction price to the performance obligations in the contract; and
•Recognition of revenues when, or as, we satisfy a performance obligation.
Subscription Services Revenues
Subscription services revenues primarily consist of fees that provide customers access to one or more of our cloud applications for financial management, spend management, human capital management, planning, and analytics, with routine customer support. Revenues are generally recognized on a ratable basis over the contract term beginning on the date that our service is made available to the customer. Our subscription contracts are generally three years or longer in length and are generally noncancelable.
Professional Services Revenues
Professional services revenues primarily consist of consulting fees for deployment and optimization services, as well as training. Our consulting contracts are billed on a time and materials basis or a fixed price basis. For contracts billed on a time and materials basis, revenues are recognized over time as the professional services are performed. For contracts billed on a fixed price basis, revenues are recognized over time based on the proportion of the professional services performed.
Contracts with Multiple Performance Obligations
Some of our contracts with customers contain multiple performance obligations. For these contracts, we account for individual performance obligations separately if they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. We determine the standalone selling prices based on our overall pricing objectives, taking into consideration market conditions and other factors, including the value of our contracts, the cloud applications sold, customer demographics, geographic locations, and the number and types of users within our contracts.
We use a range of amounts to estimate SSP for both subscription and professional services sold together in a contract to determine whether there is a discount to be allocated based on the relative SSP of the performance obligations. We use historical sales transaction data, among other factors, to determine the SSP for each distinct performance obligation. Our SSP ranges are reassessed on a periodic basis or when facts and circumstances change. Changes in SSP for our services can evolve over time due to changes in our pricing practices that are influenced by market competition, changes in demand for our services, and other economic factors. As our go-to-market strategies evolve, we may modify our pricing practices in the future, which could result in changes to SSP and may therefore impact revenue recognized in our consolidated financial statements.
Contract Balances
We generally invoice our customers annually in advance for our subscription services and in arrears for our professional services. Payment terms and conditions vary by contract type and by customer, and payment is generally required within 30 days from date of invoicing. The timing of revenue recognition may differ from the timing of invoicing customers, and these timing differences result in trade receivables, contract assets, or contract liabilities (unearned revenue) on our Consolidated Balance Sheets.
Trade Receivables and Contract Assets
We record a trade receivable when an unconditional right to consideration exists, such that only the passage of time is required before payment of consideration is due. A contract asset is recognized when a conditional right to consideration exists and transfer of control has occurred. The current and noncurrent portions of contract assets are included in Trade and other receivables and Other assets, respectively, on the Consolidated Balance Sheets.
We maintain an allowance for credit losses for expected uncollectible trade receivables and contract assets, which is recorded as an offset to trade receivables or contract assets. We assess our allowance for credit losses by taking into consideration forecasts of future economic conditions, information about past events, such as our historical trend of write-offs, and customer-specific circumstances, such as bankruptcies and disputes. The allowance for credit losses is recorded in General and administrative expenses on the Consolidated Statements of Operations.
Unearned Revenue
Contract liabilities consist of unearned revenue, which is recorded when we invoice in advance of revenues being recognized from our contracts. Unearned revenue that is anticipated to be recognized during the succeeding twelve-month period is recorded as current unearned revenue and the remaining portion is recorded as noncurrent.
Fair Value Measurement
We measure our cash equivalents, marketable securities, and foreign currency derivative contracts at fair value at each reporting period using 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. In addition, we measure our non-marketable equity investments for which there has been an impairment or an observable price change from an orderly transaction for identical or similar investments of the same issuer at 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.
Cash and Cash Equivalents
Cash and cash equivalents consist of highly liquid investments with maturities of three months or less at the time of purchase. Our cash equivalents primarily consist of investments in U.S. treasury securities, U.S. agency obligations, corporate bonds, commercial paper, and money market funds.
Debt Securities
Debt securities primarily consist of investments in U.S. treasury securities, U.S. agency obligations, corporate bonds, and commercial paper. 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 Consolidated Balance Sheets. Debt securities included in Marketable securities on the 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. Realized gains or losses from the sales of debt securities are based on the specific identification method.
When the fair value of a debt security is below its amortized cost, the amortized cost should be written down to its fair value if (i) it is more likely than not that management will be required to sell the impaired security before recovery of its amortized basis or (ii) management has the intention to sell the security. If neither of these conditions are met, we must determine whether the impairment is due to credit losses. To determine the amount of credit losses, we compare the present value of the expected cash flows of the security, derived by taking into account the issuer’s credit ratings and remaining payment terms, with its amortized cost basis. The amount of impairment recognized is limited to the excess of the amortized cost over the fair value of the security. An allowance for credit losses for the excess of amortized cost over the expected cash flows is recorded in Other income (expense), net on the Consolidated Statements of Operations. Non-credit related losses are recorded in Accumulated other comprehensive income (loss) (“AOCI”).
If quoted prices for identical instruments are available in an active market, debt securities are classified within Level 1 of the fair value hierarchy. If quoted prices for identical instruments in active markets are not available, fair values are estimated using quoted prices of similar instruments and are classified within Level 2 of the fair value hierarchy. To date, all of our debt securities can be valued using one of these two methodologies.
Equity Investments
We determine at the inception of each arrangement whether an investment or other interest is considered a variable interest entity (“VIE”). If the investment or other interest is determined to be a VIE, we must evaluate whether we are considered the primary beneficiary. The primary beneficiary of a VIE is the party that meets both of the following criteria: (1) has the power to direct the activities that most significantly impact the VIE’s economic performance; and (2) has the obligation to absorb losses or the right to receive benefits from the VIE. For investments in VIEs in which we are considered the primary beneficiary, the assets, liabilities, and results of operations of the VIE are included in our consolidated financial statements. As of January 31, 2024, and 2023, there were no VIEs for which we were the primary beneficiary.
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. These investments are included in Other assets on the Consolidated Balance Sheets. Additionally, we assess our non-marketable equity investments quarterly for impairment. Adjustments and impairments are recorded in Other income (expense), net on the Consolidated Statements of Operations.
Marketable Equity Investments
We may hold marketable equity investments with readily determinable fair values over which we do not own a controlling interest or exercise significant influence. Marketable equity investments are included in Marketable securities on the Consolidated Balance Sheets. They are measured using quoted prices in active markets with changes recorded in Other income (expense), net on the Consolidated Statements of Operations. As of January 31, 2024, we had no marketable equity investments.
Deferred Commissions
Sales commissions earned by our sales force are considered incremental and recoverable costs of obtaining a contract with a customer. Sales commissions for new revenue contracts are capitalized and then amortized on a straight-line basis over a period of benefit that we have determined to be five years. We determined the period of benefit by taking into consideration our customer contracts, our technology, and other factors. Amortization expense is included in Sales and marketing expenses on the Consolidated Statements of Operations.
Derivative Financial Instruments and Hedging Activities
We use derivative financial instruments to manage foreign currency exchange risk. Derivative instruments are measured at fair value and recorded as either an asset or liability on the Consolidated Balance Sheets. Gains and losses resulting from changes in fair value are accounted for depending on the use of the derivative and whether it is designated and qualifies for hedge accounting. For derivative instruments designated as cash flow hedges (“cash flow hedges”), which we use to hedge a portion of our forecasted foreign currency revenue and expense transactions, the gains or losses are recorded in AOCI on the Consolidated Balance Sheets and subsequently reclassified to the same line item as the hedged transaction on the Consolidated Statements of Operations in the same period that the hedged transaction affects earnings. For derivative instruments not designated as hedging instruments (“non-designated hedges”), which we use to hedge a portion of our net outstanding monetary assets and liabilities, the gains or losses are recorded in Other income (expense), net on the Consolidated Statements of Operations in the period incurred. Cash flows from the settlement of forward contracts designated as cash flow hedges and non-designated hedges are classified as operating activities on the Consolidated Statements of Cash Flows.
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.
Property and Equipment
Property and equipment are stated at cost less accumulated depreciation, except for land which is stated at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as shown in the table below. Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.
Computers, equipment, and software
2 - 10 years
Buildings
10 - 60 years
Leasehold improvements
shorter of the related lease term or ten years
Furniture, fixtures, and transportation equipment
5 - 12 years
Land improvements
15 years
Business Combinations
We allocate the purchase consideration of acquired companies to tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date, with the excess recorded to goodwill. Our estimates are inherently uncertain and subject to refinement. During the measurement period, which may be up to one year from the acquisition date, we may record adjustments to the fair value of these tangible and intangible assets acquired and liabilities assumed, including uncertain tax positions and tax-related valuation allowances, with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Consolidated Statements of Operations.
In the event that we acquire a company in which we previously held an equity interest, the difference between the fair value of the shares as of the date of the acquisition and the carrying value of the equity investment is recorded as a non-cash gain or loss and recorded within Other income (expense), net on the Consolidated Statements of Operations.
Goodwill and Acquisition-Related Intangible Assets
Acquisition-related intangible assets with finite lives are amortized over their estimated useful lives. Goodwill amounts are not amortized. Acquisition-related intangible assets and goodwill are tested for impairment at least annually, and more frequently upon the occurrence of certain events.
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 and operating lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease term. Right-of-use assets also include adjustments related to prepaid or deferred lease payments and lease incentives. As most of our leases do not provide an implicit interest rate, we use our incremental borrowing rate to determine the present value of lease payments.
We have elected to combine lease and non-lease components for each of our existing underlying asset classes and to not include leases with a term of 12 months or less on our Consolidated Balance Sheets. We recognize variable lease costs, including common area maintenance, utilities, real estate taxes, insurance, and other operating costs that are passed on from the lessor, in the Consolidated Statements of Operations in the period incurred.
Treasury Stock
Treasury stock is accounted for using the cost method and recorded as a reduction to Stockholders’ equity on the Consolidated Balance Sheets. Incremental direct costs to purchase treasury stock are included in the cost of the shares acquired.
To determine the cost of treasury stock that is either sold or re-issued, we use the first in, first out method. When treasury stock is re-issued at a price higher than its cost, the increase is recorded in Additional paid-in capital on the Consolidated Balance Sheets. When treasury stock is re-issued at a price lower than its cost, the decrease is recorded in Additional paid-in capital to the extent that there are previously recorded increases to offset the decrease. Any decreases in excess of that amount are recorded in Accumulated deficit on the Consolidated Balance Sheets.
Advertising Expenses
Advertising is expensed as incurred. Advertising expense was $194 million, $172 million, and $131 million for fiscal 2024, 2023, and 2022, respectively.
Share-Based Compensation
We measure and recognize compensation expense for share-based awards issued to employees and non-employees, primarily including RSUs and purchases under the Amended and Restated 2012 Employee Stock Purchase Plan (“ESPP”), on the Consolidated Statements of Operations.
For RSUs, fair value is based on the closing price of our common stock on the grant date. Compensation expense, net of estimated forfeitures, is recognized on a straight-line basis over the requisite service period. The requisite service period of the awards is generally the same as the vesting period.
For shares issued under the ESPP, fair value is estimated using the Black-Scholes option-pricing model. Compensation expense is recognized on a straight-line basis over the offering period. We determine the assumptions for the option-pricing model as follows:
•Risk-Free Interest Rate. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the date closest to the grant date for zero-coupon U.S. Treasury notes with maturities approximately equal to the expected term of the ESPP purchase rights.
•Expected Term. The expected term represents the period that our ESPP is expected to be outstanding. The expected term for the ESPP approximates the offering period.
•Volatility. The volatility is based on a blend of historical volatility and implied volatility of our common stock. Implied volatility is based on market traded options of our common stock.
•Dividend Yield. The dividend yield is assumed to be zero as we have not paid and do not expect to pay dividends.
Income Taxes
We record a provision for (benefit from) income taxes for the anticipated tax consequences of the reported results of operations using the asset and liability method. Under this method, we recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, as well as for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the tax rates that are expected to apply to taxable income for the years in which those tax assets and liabilities are expected to be realized or settled. A valuation allowance is established when necessary to reduce deferred tax assets to the net amount that is more likely than not to be realized. In the event that we change our determination as to the amount of deferred tax assets that can be realized, we will adjust our valuation allowance with a corresponding impact to the provision for (benefit from) income taxes in the period in which such determination is made.
We recognize the tax benefit of an uncertain tax position only if it is more likely than not that the position is sustainable upon examination by the taxing authority, based on the technical merits. The tax benefit recognized is measured as the largest amount of benefit which is greater than 50% likely to be realized upon settlement with the taxing authority. To the extent the assessment of such tax position changes, such difference will affect the provision for (benefit from) income taxes in the period in which we make the determination. We recognize interest accrued and penalties related to unrecognized tax benefits in the provision for (benefit from) income taxes.
Warranties and Indemnification
Our cloud applications are generally warranted to perform materially in accordance with our online documentation under normal use and circumstances. Additionally, our contracts generally include provisions for indemnifying customers against liabilities if use of our cloud applications infringe a third party’s intellectual property rights. We may also incur liabilities if we breach the security, privacy, and/or confidentiality obligations in our contracts. To date, we have not incurred any material costs, and we have not accrued any liabilities in the accompanying consolidated financial statements, as a result of these obligations.
In our standard agreements with customers, we commit to defined levels of service availability and performance and, under certain circumstances, permit customers to receive credits in the event that we fail to meet those levels. In the event our failure to meet those levels triggers a termination right for a customer, we permit a terminating customer to receive a refund of prepaid amounts related to unused subscription services. To date, we have not experienced any significant failures to meet defined levels of availability and performance and, as a result, we have not accrued any liabilities related to these agreements on the consolidated financial statements.
Foreign Currency Exchange
The functional currency for certain of our foreign subsidiaries is the U.S. dollar, while others use local currencies. We translate the foreign functional currency financial statements to U.S. dollars for those entities that do not have the U.S. dollar as their functional currency using the exchange rates at the balance sheet date for assets and liabilities, the period average exchange rates for revenues and expenses, and the historical exchange rates for equity transactions. The effects of foreign currency translation adjustments are recorded in AOCI on the Consolidated Balance Sheets. Foreign currency transaction gains and losses are included in Other income (expense), net on the Consolidated Statements of Operations.
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, derivative instruments, 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 January 31, 2024, or 2023. No customer individually accounted for more than 10% of total revenues during fiscal 2024, 2023, or 2022.
Other than the United States, no country individually accounted for more than 10% of total revenues during fiscal 2024, 2023, or 2022.
In order to reduce the risk of disruption 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 North America and Europe. We have internal procedures to restore services in the event of disruption 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 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.
Recently Issued Accounting Pronouncements
In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires disclosure of incremental segment information on an annual and interim basis. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements. We are currently evaluating the impacts of the new standard.
In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. This ASU is effective for fiscal years beginning after December 15, 2024, and allows for adoption on a prospective basis, with a retrospective option. We are currently evaluating the impacts of the new standard.
v3.24.0.1
Investments
 12 Months Ended
Jan. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
Debt Securities
As of January 31, 2024, debt securities consisted of the following (in millions):
Amortized CostUnrealized GainsUnrealized LossesAggregate Fair Value
U.S. treasury securities$2,072 $4 $(2)$2,074 
U.S. agency obligations753 2 (1)754 
Corporate bonds2,496 9 (5)2,500 
Commercial paper1,232 — — 1,232 
Total debt securities$6,553 $15 $(8)$6,560 
Included in Cash and cash equivalents$759 $— $— $759 
Included in Marketable securities$5,794 $15 $(8)$5,801 
As of January 31, 2023, debt securities consisted of the following (in millions):
Amortized CostUnrealized GainsUnrealized LossesAggregate Fair Value
U.S. treasury securities$2,456 $— $(7)$2,449 
U.S. agency obligations325 — (3)322 
Corporate bonds967 1 (7)961 
Commercial paper1,017 — — 1,017 
Total debt securities$4,765 $1 $(17)$4,749 
Included in Cash and cash equivalents$595 $— $— $595 
Included in Marketable securities$4,170 $1 $(17)$4,154 
The contractual maturities of debt securities were as follows (in millions):
January 31, 2024
Due within 1 year
$3,749 
Due 1 year through 5 years
2,811 
Total debt securities
$6,560 
As of January 31, 2024, and 2023, the fair value of debt securities in an unrealized loss position was $2.4 billion and $3.1 billion, respectively, the majority of which had been in a continuous unrealized loss position for less than 12 months. We do not intend to sell these debt securities and it is not more likely than not that we will be required to sell the debt securities before recovery of their amortized cost bases, which may be at maturity. We did not recognize any credit or non-credit related losses related to our debt securities during fiscal 2024, 2023, or 2022.
We sold $59 million, $98 million, and $162 million of debt securities during fiscal 2024, 2023, and 2022, respectively. The realized gains and losses from the sales were immaterial.
Equity Investments
Equity investments consisted of the following (in millions):
As of January 31,
Consolidated Balance Sheets Location20242023
Money market fundsCash and cash equivalents$1,017 $902 
Non-marketable equity investments measured using the measurement alternativeOther assets248 262 
Marketable equity investmentsMarketable securities— 81 
Total equity investments$1,265 $1,245 
Total realized and unrealized gains and losses associated with our equity investments consisted of the following (in millions):
Year Ended January 31,
202420232022
Net realized gains (losses) recognized on equity investments sold (1)
$6 $(1)$22 
Net unrealized gains (losses) recognized on equity investments held as of the end of the period(30)(26)122 
Total net gains (losses) recognized in Other income (expense), net$(24)$(27)$144 
(1)Reflects the difference between the sale proceeds and the carrying value of the equity investments at the beginning of the fiscal year.
Non-Marketable Equity Investments Measured Using the Measurement Alternative
The carrying values for our non-marketable equity investments are summarized below (in millions):
As of January 31,
20242023
Total initial cost$213 $207 
Cumulative net unrealized gains (losses)35 55 
Carrying value$248 $262 
In fiscal 2024, we recorded impairment losses of $30 million. In fiscal 2023, we recorded upward adjustments to the carrying value of non-marketable equity investments of $8 million and impairment losses of $16 million. In fiscal 2022, we recorded upward adjustments to the carrying value of non-marketable equity investments of $58 million and a non-cash gain of $12 million related to our acquisition of Zimit.
Marketable Equity Investments
The carrying values for our marketable equity investments are summarized below (in millions):
As of January 31,
20242023
Total initial cost$— $39 
Cumulative net unrealized gains (losses)— 42 
Carrying value$— $81 
During fiscal 2024, we sold all of our marketable equity investments for proceeds of $87 million, with corresponding realized gains of $6 million. During fiscal 2023, we sold marketable equity investments for proceeds of $6 million, and the realized gains from the sales were not material. During fiscal 2022, we sold marketable equity investments for proceeds of $37 million, with corresponding realized gains of $7 million.
During fiscal 2023 and 2022, we recorded unrealized net losses of $18 million, and gains of $67 million, respectively, on marketable equity investments held as of the end of each period.
v3.24.0.1
Fair Value Measurements
 12 Months Ended
Jan. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
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 January 31, 2024 (in millions):
Level 1Level 2Level 3Total
U.S. treasury securities$2,074 $— $— $2,074 
U.S. agency obligations— 754 — 754 
Corporate bonds— 2,500 — 2,500 
Commercial paper— 1,232 — 1,232 
Money market funds1,017 — — 1,017 
Foreign currency derivative assets— 46 — 46 
Total assets$3,091 $4,532 $— $7,623 
Foreign currency derivative liabilities$— $27 $— $27 
Total liabilities$— $27 $— $27 
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 millions):
Level 1Level 2Level 3Total
U.S. treasury securities$2,449 $— $— $2,449 
U.S. agency obligations— 322 — 322 
Corporate bonds— 961 — 961 
Commercial paper— 1,017 — 1,017 
Money market funds902 — — 902 
Marketable equity investments81 — — 81 
Foreign currency derivative assets— 65 — 65 
Total assets$3,432 $2,365 $— $5,797 
Foreign currency derivative liabilities$— $34 $— $34 
Total liabilities$— $34 $— $34 
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 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 11, Debt.
v3.24.0.1
Deferred Costs
 12 Months Ended
Jan. 31, 2024
Revenue from Contract with Customer [Abstract]  
Deferred Costs Deferred Costs
Deferred costs, which consist of deferred sales commissions, were $741 million and $612 million as of January 31, 2024, and 2023, respectively. Amortization expense for the deferred costs was $213 million, $175 million, and $139 million for fiscal 2024, 2023, and 2022, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented.
Contract Balances and Performance Obligations
Contract Balances
Contract assets and unearned revenue balances were as follows (in millions):
Consolidated Balance Sheets LocationAs of January 31,
20242023
Contract assets:
Contract assets, current
Trade and other receivables, net$240 $160 
Contract assets, noncurrent
Other assets21 — 
Total contract assets
$261 $160 
Unearned revenue (1):
Unearned revenue, current
Unearned revenue$4,057 $3,559 
Unearned revenue, noncurrent
Unearned revenue, noncurrent70 75 
Total unearned revenue
$4,127 $3,634 
(1)Included in this balance are amounts related to professional services that are subject to cancellation and pro-rated refund rights of $76 million and $68 million as of January 31, 2024, and 2023, respectively.
Revenues of $3.5 billion, $3.0 billion, and $2.5 billion were recognized during fiscal 2024, 2023, and 2022, respectively, that were included in the unearned revenue balances at the beginning of the respective periods.
Transaction Price Allocated to the Remaining Performance Obligations
As of January 31, 2024, approximately $20.9 billion of revenues are expected to be recognized from remaining performance obligations for subscription contracts. We expect to recognize revenues on approximately $6.6 billion and $11.7 billion of these remaining performance obligations over the next 12 and 24 months, respectively, with the balance recognized thereafter. Revenues from remaining performance obligations for professional services contracts as of January 31, 2024, were not material.
v3.24.0.1
Property and Equipment, Net
 12 Months Ended
Jan. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in millions): 
 As of January 31,
 20242023
Computers, equipment, and software$1,387 $1,286 
Buildings726 720 
Leasehold improvements213 202 
Furniture, fixtures, and transportation equipment99 91 
Land and land improvements81 81 
Property and equipment, gross2,506 2,380 
Less accumulated depreciation and amortization(1,272)(1,179)
Property and equipment, net$1,234 $1,201 
Depreciation expense totaled $203 million, $275 million, and $263 million for fiscal 2024, 2023, and 2022, respectively.
Related-Party Transactions
There were no material related party transactions related to our property and equipment in fiscal 2024 or 2023.
Aircraft Purchase
During fiscal 2022, we purchased an aircraft from an affiliate of our Co-Founder and CEO Emeritus, David Duffield, for approximately $24 million in cash. The aircraft was purchased primarily for the purpose of business travel by our Co-Founder and Executive Chair, Mr. Bhusri, and other Workday executives. In approving the related-party transaction, the Audit Committee of our Board of Directors considered the benefits to Workday of purchasing the aircraft, independent appraisals, the terms of the related purchase agreement, and the extent and nature of Mr. Duffield’s interest in the transaction. The aircraft is included in the Furniture, fixtures, and transportation equipment category in the table above.
Leased Property Purchase
During fiscal 2022, we purchased certain leased office space (“Property”) within our corporate headquarters from an affiliate of Mr. Duffield for $173 million in cash. In deciding to purchase the Property, the independent members of our Board of Directors considered the benefits to Workday, including the importance of obtaining control of the Property, which is part of Workday’s headquarters campus, and the long-term cost savings from ownership as compared to continuing to lease the Property. Our Board of Directors also considered independent appraisals, comparable transaction data, and the extent and nature of Mr. Duffield’s interest in the transaction. The carrying value of the Property upon purchase was $158 million, calculated as the purchase price less approximately $15 million which represents the difference between the carrying values of the right-of-use asset and lease liability of the Property immediately prior to the purchase. For further information, see Note 12, Leases.
v3.24.0.1
Business Combinations
 12 Months Ended
Jan. 31, 2024
Business Combination and Asset Acquisition [Abstract]  
Business Combinations Business Combinations
There were no material business combinations in fiscal 2024 or 2023.
Fiscal 2022
VNDLY Acquisition
On December 21, 2021, we acquired all outstanding stock of VNDLY, a cloud-based external workforce and vendor management technology. With VNDLY, Workday provides organizations with a unified workforce optimization solution that helps organizations manage all types of workers—salaried, hourly, contingent, and outsourced—and support a holistic talent strategy, including insight into costs, workforce planning needs, and compliance. We have included the financial results of VNDLY in our consolidated financial statements from the date of acquisition.
The total acquisition-date fair value of the purchase consideration was $473 million, which was paid in cash. In connection with the acquisition, we issued approximately 152 thousand shares of our Class A common stock to certain key VNDLY employees, with 50% of such shares issued following the first anniversary of the closing date of the acquisition and the remaining 50% to be issued following the second anniversary of the closing date, subject to service conditions. The aggregate fair value of the equity was accounted for as post-acquisition share-based compensation expense.
The purchase consideration was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date, with the excess recorded to goodwill. The purchase consideration allocation, which includes measurement period adjustments, was as follows (in millions):
Cash$23 
Acquisition-related intangible assets40 
Goodwill412 
Other assets3 
Deferred tax liability(3)
Other liabilities(2)
Total$473 
The fair values and weighted-average useful lives of the acquired intangible assets by category were as follows (in millions, except years):
Estimated Fair ValuesWeighted-Average Useful Lives (in Years)
Developed technology$27 4
Customer relationships13 13
Total acquisition-related intangible assets$40 7
The goodwill recognized was primarily attributable to the assembled workforce and the expected synergies from integrating VNDLY’s technology into our product portfolio. The goodwill is not deductible for income tax purposes.
Separate operating results and pro forma results of operations for VNDLY have not been presented as the effect of this acquisition was not material to our financial results.
Zimit Acquisition
On September 28, 2021, we acquired all outstanding stock of Zimit, a CPQ solution built for services industries. With Zimit, Workday delivers a comprehensive quote-to-cash process automation offering that provides services organizations increased visibility across the entire revenue cycle. We have included the financial results of Zimit in our consolidated financial statements from the date of acquisition.
The acquisition-date fair value of the purchase consideration was $76 million, with $62 million attributable to cash consideration and $14 million attributable to the fair value of a previously held equity interest. We recorded developed technology intangible assets of $7 million (to be amortized over an estimated useful life of 4 years), customer relationships intangible assets of $3 million (to be amortized over an estimated useful life of 13 years), and goodwill of $67 million. Goodwill was primarily attributable to the expected synergies from integrating Zimit’s technology into our product portfolio. The goodwill is not deductible for income tax purposes.
We invested $2 million in Zimit prior to the acquisition, which was accounted for as a non-marketable equity investment. We recognized a non-cash gain of approximately $12 million as a result of remeasuring our prior equity interest in Zimit held before the business combination. The gain is included in Other income (expense), net on the Consolidated Statements of Operations.
Separate operating results and pro forma results of operations for Zimit have not been presented as the effect of this acquisition was not material to our financial results.
Peakon Acquisition
On March 9, 2021, we acquired all outstanding stock of Peakon, an employee success platform that converts feedback into actionable insights, for $702 million. With Peakon, Workday provides organizations with a continuous listening platform, including real-time visibility into employee experience, sentiment, and productivity, to help drive employee engagement and improve organizational performance. We have included the financial results of Peakon in our consolidated financial statements from the date of acquisition.
The acquisition-date fair value of the purchase consideration consisted of the following (in millions):
Cash paid to stockholders, warrant holders, and vested option holders$684 
Transaction costs paid by Workday on behalf of Peakon18 
Total$702 
Additionally, we granted certain Peakon employees restricted stock awards (“RSAs”) with service conditions, which totaled approximately 82 thousand shares of our Class A common stock. The aggregate grant date fair value of the RSAs was accounted for as post-acquisition share-based compensation expense.
The purchase consideration was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date, with the excess recorded to goodwill. The purchase consideration allocation, which includes measurement period adjustments, was as follows (in millions):
Acquisition-related intangible assets$171 
Goodwill541 
Other assets35 
Deferred tax liability(20)
Other liabilities(25)
Total$702 
The fair values and weighted-average useful lives of the acquired intangible assets by category were as follows (in millions, except years):
Estimated Fair ValuesWeighted-Average Useful Lives (in Years)
Developed technology$94 5
Customer relationships72 13
Backlog4 3
Trade name1 1
Total acquisition-related intangible assets$171 8
The goodwill recognized was primarily attributable to the assembled workforce and the expected synergies from integrating Peakon’s technology into our product portfolio. A portion of the goodwill was deductible for income tax purposes.
Separate operating results and pro forma results of operations for Peakon have not been presented as the effect of this acquisition was not material to our financial results.
v3.24.0.1
Acquisition-Related Intangible Assets, Net
 12 Months Ended
Jan. 31, 2024
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 millions):
As of January 31,
 20242023
Developed technology$318 $343 
Customer relationships311 311 
Backlog15 15 
Trade name13 13 
Acquisition-related intangible assets, gross657 682 
Less accumulated amortization(424)(376)
Acquisition-related intangible assets, net$233 $306 
Amortization expense related to acquisition-related intangible assets was $74 million, $86 million, and $78 million for fiscal 2024, 2023, and 2022, respectively.
As of January 31, 2024, our future estimated amortization expense related to acquisition-related intangible assets was as follows (in millions):
Fiscal Period:
2025$62 
202656 
202732 
202827 
202917 
Thereafter39 
Total$233 
v3.24.0.1
Other Assets
 12 Months Ended
Jan. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets Other Assets
Other assets consisted of the following (in millions):
 As of January 31,
 20242023
Non-marketable equity and other investments$248 $263 
Technology patents and other intangible assets, net26 21 
Contract assets21 — 
Derivative assets14 22 
Prepayments for goods and services14 23 
Deposits8 6 
Other6 13 
Total other assets$337 $348 
Technology patents and other intangible assets with estimable useful lives are amortized on a straight-line basis. As of January 31, 2024, the future estimated amortization expense was as follows (in millions):
Fiscal Period:
2025$4 
20263 
20273 
20283 
20293 
Thereafter10 
Total$26 
v3.24.0.1
Derivative Instruments
 12 Months Ended
Jan. 31, 2024
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.
Cash Flow Hedges
We enter into foreign currency forward contracts to hedge a portion of our forecasted revenue and expense transactions. We designate these forward contracts as cash flow hedging instruments since the accounting criteria for such designation has been met.
As of January 31, 2024, we estimate that $26 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 January 31, 2024, and 2023, the notional values of the cash flow hedges that we held to buy U.S. dollars in exchange for other currencies were $2.5 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 $399 million and $324 million as of January 31, 2024, and 2023, respectively. All contracts had maturities of less than 60 months.
Non-Designated Hedges
We also enter into foreign currency forward contracts to hedge a portion of our net outstanding monetary assets and liabilities. 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 Consolidated Balance Sheets at fair value.
As of January 31, 2024, and 2023, the notional values of the non-designated hedges that we held to buy U.S. dollars in exchange for other currencies were $237 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 $11 million and $2 million, respectively.
The fair values of outstanding derivative instruments were as follows (in millions):
Consolidated Balance Sheets LocationAs of January 31,
20242023
Derivative assets:
Cash flow hedgesPrepaid expenses and other current assets$30 $43 
Cash flow hedgesOther assets14 22 
Non-designated hedgesPrepaid expenses and other current assets2 — 
Total derivative assets$46 $65 
Derivative liabilities:
Cash flow hedgesAccrued expenses and other current liabilities$14 $13 
Cash flow hedgesOther liabilities12 16 
Non-designated hedgesAccrued expenses and other current liabilities1 5 
Total derivative liabilities$27 $34 
The effect of cash flow hedges on the Consolidated Statements of Operations was as follows (in millions):
Consolidated Statements of Operations LocationYear Ended January 31,
202420232022
TotalGains (losses) related to cash flow hedgesTotalGains (losses) related to cash flow hedgesTotalGains (losses) related to cash flow hedges
Revenues$7,259 $62 $6,216 $17 $5,139 $(9)
Costs and expenses7,076 1 6,438 (29)5,255 — 
Provision for (benefit from) income taxes(1,025)— 107 (6)(13)— 
Pre-tax gains (losses) associated with cash flow hedges were as follows (in millions):
Consolidated Statements of Operations and Statements of Comprehensive Income (Loss) LocationsYear Ended January 31,
202420232022
Gains (losses) recognized in OCINet change in unrealized gains (losses) on cash flow hedges$16 $40 $63 
Gains (losses) reclassified from AOCI into income (effective portion)Revenues62 17 (9)
Gains (losses) reclassified from AOCI into income (effective portion)Costs and expenses1 (29)— 
Gains (losses) reclassified from AOCI into income (effective portion)Provision for (benefit from) income taxes— (6)— 
Gains (losses) associated with non-designated hedges were as follows (in millions):
Consolidated Statements of Operations LocationYear Ended January 31,
202420232022
Gains (losses) related to non-designated hedgesOther income (expense), net$5 $10 $7 
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 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 January 31, 2024, information related to these offsetting arrangements was as follows (in millions):
Gross Amounts of Recognized AssetsGross Amounts Offset on the Consolidated Balance SheetsNet Amounts of Assets Presented on the Consolidated Balance SheetsGross Amounts Not Offset on the Consolidated Balance SheetsNet Assets Exposed
Financial InstrumentsCash Collateral Received
Derivative assets:
Counterparty A$13 $— $13 $(4)$— $9 
Counterparty B11 — 11 (6)— 5 
Counterparty C2 — 2 (1)— 1 
Counterparty D17 — 17 (14)— 3 
Counterparty E3 — 3 (2)— 1 
Total$46 $— $46 $(27)$— $19 
Gross Amounts of Recognized LiabilitiesGross Amounts Offset on the Consolidated Balance SheetsNet Amounts of Liabilities Presented on the Consolidated Balance SheetsGross Amounts Not Offset on the Consolidated Balance SheetsNet Liabilities Exposed
Financial InstrumentsCash Collateral Pledged
Derivative liabilities:
Counterparty A$4 $— $4 $(4)$— $— 
Counterparty B6 — 6 (6)— — 
Counterparty C1 — 1 (1)— — 
Counterparty D14 — 14 (14)— — 
Counterparty E2 — 2 (2)— — 
Total$27 $— $27 $(27)$— $— 
v3.24.0.1
Debt
 12 Months Ended
Jan. 31, 2024
Debt Disclosure [Abstract]  
Debt Debt
Outstanding debt consisted of the following (in millions):
As of January 31,
20242023
2027 Notes$1,000 $1,000 
2029 Notes750 750 
2032 Notes1,250 1,250 
Total principal amount3,000 3,000 
Less: unamortized debt discount and issuance costs(20)(24)
Net carrying amount2,980 2,976 
Debt, noncurrent$2,980 $2,976 
As of January 31, 2024, the future principal payments for the outstanding debt were as follows (in millions):
Fiscal Period:
2025$— 
2026— 
2027— 
20281,000 
2029— 
Thereafter2,000 
Total principal amount$3,000 
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, $750 million aggregate principal amount of 3.700% notes due April 1, 2029, and $1.25 billion aggregate principal amount of 3.800% notes due April 1, 2032. 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 January 31, 2024, 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 both January 31, 2024, and 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 the 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 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 Consolidated Statements of Operations for fiscal 2023.
As of January 31, 2024, and 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 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 January 31, 2024, and 2023, we were in compliance with all covenants included in the 2022 Credit Agreement.
Convertible Senior Notes
2022 Notes
In September 2017, we issued 0.25% convertible senior notes due October 1, 2022, with a principal amount of $1.15 billion. 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, respectively, 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 Consolidated Balance Sheets. The Purchased Options were separate transactions and were not part of the terms of the 2022 Notes, and the unexercised Purchased Options expired on October 1, 2022.
Warrants
In connection with the issuance of the 2022 Notes, we also entered into 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 millions):
Year Ended January 31,
202420232022
Contractual interest expense$110 $95 $13 
Interest cost related to amortization and write-off of debt discount and issuance costs4 7 4 
Total interest expense$114 $102 $17 
v3.24.0.1
Leases
 12 Months Ended
Jan. 31, 2024
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 $289 million and $249 million as of January 31, 2024, and 2023, respectively, and operating lease liabilities were $316 million and $273 million as of January 31, 2024, and 2023, respectively. We have also entered into finance lease agreements for other property and equipment. As of January 31, 2024, and 2023, finance leases were not material.
The components of operating lease expense were as follows (in millions):
Year Ended January 31,
 202420232022
Operating lease cost$109 $99 $93 
Short-term lease cost3 4 6 
Variable lease cost46 45 26 
Total operating lease cost$158 $148 $125 
Supplemental cash flow information related to our operating leases was as follows (in millions):
Year Ended January 31,
 202420232022
Cash paid for operating lease liabilities$112 $94 $91 
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities139 96 55 
Other information related to our operating leases was as follows:
As of January 31,
20242023
Weighted average remaining lease term (in years)55
Weighted average discount rate3.95 %2.79 %
As of January 31, 2024, maturities of operating lease liabilities were as follows (in millions):
Fiscal Period:
2025$100 
202680 
202761 
202847 
202932 
Thereafter39 
Total lease payments359 
Less imputed interest(43)
Total operating lease liabilities$316 
As of January 31, 2024, we have additional operating leases for data centers and office space that had not yet commenced with total undiscounted lease payments of $91 million. These operating leases will commence in fiscal 2025 and fiscal 2026, with lease terms ranging from approximately five to nine years.
Related-Party Transactions
There were no material related party transactions related to our leases in fiscal 2024 or 2023.
Leased Property Purchase
As discussed in Note 6, Property and Equipment, Net, during fiscal 2022, we purchased certain leased office space within our corporate headquarters from an affiliate of Mr. Duffield for $173 million in cash. Subsequent to the purchase, the Property was included in Property and equipment, net on the Consolidated Balance Sheets. Total rent expense under these agreements was $2 million for fiscal 2022.
v3.24.0.1
Commitments and Contingencies
 12 Months Ended
Jan. 31, 2024
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. These obligations consist of agreements to purchase goods and services that are enforceable and legally binding, and specify all significant terms and the approximate timing of the payments. For purchase obligations with cancellation provisions, the amounts included in the following table were limited to the non-cancelable portion of the agreement terms or the minimum cancellation fees.
Future payments under purchase obligations with a remaining term in excess of one year as of January 31, 2024, were as follows (in millions):
Third-Party Hosted Infrastructure Platform ObligationsOther Purchase Obligations
Fiscal Period:
2025$180 $120 
2026314 94 
2027358 71 
2028414 70 
2029591 50 
Thereafter— 58 
Total$1,857 $463 
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 January 31, 2024, 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.
v3.24.0.1
Stockholders' Equity
 12 Months Ended
Jan. 31, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders’ Equity
Common Stock
As of January 31, 2024, there were 211 million shares of Class A common stock, net of treasury stock, and 53 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. All of our Class A and Class B shares will convert to a single class of common stock upon the date that is the first to occur of (i) October 17, 2032, (ii) such time as the shares of Class B common stock represent less than 9% of the outstanding Class A common stock and Class B common stock, (iii) nine months following the death of both Mr. Duffield and Mr. Bhusri, and (iv) the date on which the holders of a majority of the shares of Class B common stock elect to convert all shares of Class A common stock and Class B common stock into a single class of common stock.
Share Repurchase Programs
In November 2022, our Board of Directors authorized the repurchase of up to $500 million of our outstanding shares of Class A common stock. Under the 2022 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 2022 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 fiscal 2024 and 2023, we repurchased approximately 1.8 million and 0.5 million shares of Class A common stock for approximately $423 million and $75 million, at an average price per share of $228.67 and $165.75, respectively. All repurchases were made in open market transactions. As of January 31, 2024, we were authorized to purchase a remaining $2 million of our outstanding shares of Class A common stock under the 2022 Share Repurchase Program.
In February 2024, our Board of Directors authorized the 2024 Share Repurchase Program, under which we may repurchase up to an additional $500 million of our outstanding shares of Class A common stock. For further information, see Note 21, Subsequent Events.
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 January 31, 2024, we had 21 million shares of Class A common stock available for future grants.
In June 2022, our stockholders approved the 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 January 31, 2024, 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 RSUs to employees and non-employees. RSUs generally vest over four years. RSU activity during fiscal 2024 was as follows (in thousands, except per share data):
Number of SharesWeighted-Average Grant Date Fair Value
Balance as of January 31, 202314,099 $206.38 
RSUs granted8,961 197.22 
RSUs vested(6,489)201.71 
RSUs forfeited(1,551)196.93 
Balance as of January 31, 202415,020 203.94 
The weighted-average grant date fair value of RSUs granted during fiscal 2024, 2023, and 2022 was $197.22, $200.98, and $259.61, respectively. The total fair value of RSUs vested as of the vesting dates during fiscal 2024, 2023, and 2022 was $1.4 billion, $977 million, and $1.6 billion, respectively.
In the fourth quarter of fiscal 2023, we modified the vesting date of all unvested RSU awards from the 15th to the 5th of each month. This change impacted awards vesting after December 31, 2022, and resulted in an acceleration of share-based compensation expense in fiscal 2023 of $28 million.
As of January 31, 2024, there was a total of $2.3 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 Mr. Eschenbach, in connection with his appointment as 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 January 31, 2024, there was a total of $19 million in unrecognized compensation cost related to the PVU Award, which is expected to be recognized over approximately four years.
Performance-Based Restricted Stock Units
During fiscal 2022, 0.4 million shares of PRSUs were granted to employees below the level of vice president that included both service conditions and performance conditions related to company-wide goals. These performance conditions were met and the PRSUs vested on March 15, 2022. We did not grant any company-wide PRSUs in fiscal 2024 or 2023.
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 fiscal 2024 was as follows (in thousands, except aggregate intrinsic value, which is reflected in millions, and per share data):
Outstanding Stock OptionsWeighted-Average Exercise PriceAggregate Intrinsic Value
Balance as of January 31, 2023115 $30.36 $17 
Stock options exercised(27)34.10 
Stock options canceled— — 
Balance as of January 31, 202488 29.20 23 
Vested and expected to vest as of January 31, 202488 29.20 23 
Exercisable as of January 31, 202488 29.20 23 
As of January 31, 2024, all stock options were fully vested with no remaining unrecognized compensation cost.
The total intrinsic value of stock options exercised during fiscal 2024, 2023, and 2022 was $5 million, $41 million, and $209 million, respectively. The intrinsic value is the difference between the current fair value of the stock and the exercise price of the stock option.
As of January 31, 2024, stock options have a weighted-average remaining contractual life of approximately four years.
Employee Stock Purchase Plan
For fiscal 2024, approximately 1 million shares of Class A common shares were purchased under the ESPP at a weighted-average price of $159.64 per share, resulting in cash proceeds of $176 million.
The fair value of stock purchase rights granted under the ESPP was estimated using the following assumptions:
 Year Ended January 31,
202420232022
Expected volatility
31.5% - 33.2%
46.2% - 48.5%
30.4% - 41.5%
Expected term (in years)0.50.50.5
Risk-free interest rate
5.33% - 5.44%
1.63% - 4.65%
0.04% - 0.10%
Dividend yield—%—%—%
Grant date fair value per share
$215.31 - $272.92
$156.56 - $169.48
$225.70 - $260.86
v3.24.0.1
Contract Balances and Performance Obligations
 12 Months Ended
Jan. 31, 2024
Revenue from Contract with Customer [Abstract]  
Contract Balances and Performance Obligations Deferred Costs
Deferred costs, which consist of deferred sales commissions, were $741 million and $612 million as of January 31, 2024, and 2023, respectively. Amortization expense for the deferred costs was $213 million, $175 million, and $139 million for fiscal 2024, 2023, and 2022, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented.
Contract Balances and Performance Obligations
Contract Balances
Contract assets and unearned revenue balances were as follows (in millions):
Consolidated Balance Sheets LocationAs of January 31,
20242023
Contract assets:
Contract assets, current
Trade and other receivables, net$240 $160 
Contract assets, noncurrent
Other assets21 — 
Total contract assets
$261 $160 
Unearned revenue (1):
Unearned revenue, current
Unearned revenue$4,057 $3,559 
Unearned revenue, noncurrent
Unearned revenue, noncurrent70 75 
Total unearned revenue
$4,127 $3,634 
(1)Included in this balance are amounts related to professional services that are subject to cancellation and pro-rated refund rights of $76 million and $68 million as of January 31, 2024, and 2023, respectively.
Revenues of $3.5 billion, $3.0 billion, and $2.5 billion were recognized during fiscal 2024, 2023, and 2022, respectively, that were included in the unearned revenue balances at the beginning of the respective periods.
Transaction Price Allocated to the Remaining Performance Obligations
As of January 31, 2024, approximately $20.9 billion of revenues are expected to be recognized from remaining performance obligations for subscription contracts. We expect to recognize revenues on approximately $6.6 billion and $11.7 billion of these remaining performance obligations over the next 12 and 24 months, respectively, with the balance recognized thereafter. Revenues from remaining performance obligations for professional services contracts as of January 31, 2024, were not material.
v3.24.0.1
Other Income (Expense), Net
 12 Months Ended
Jan. 31, 2024
Other Income and Expenses [Abstract]  
Other Income (Expense), Net Other Income (Expense), Net
Other income (expense), net consisted of the following (in millions):
 Year Ended January 31,
 202420232022
Interest income$301 $97 $5 
Interest expense (1)
(114)(102)(17)
Other (2)
(14)(33)144 
Total other income (expense), net$173 $(38)$132 
(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 11, Debt.
(2)Other primarily includes the net gains (losses) from our equity investments. For further information, see Note 3, Investments
v3.24.0.1
Income Taxes
 12 Months Ended
Jan. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The components of income (loss) before provision for (benefit from) income taxes were as follows (in millions):
 Year Ended January 31,
 202420232022
Domestic$465 $(59)$309 
Foreign(109)(201)(293)
Income (loss) before provision for (benefit from) income taxes$356 $(260)$16 
The provision for (benefit from) income taxes consisted of the following (in millions):
 Year Ended January 31,
 202420232022
Current:
Federal$2 $— $— 
State19 14 1 
Foreign14 97 7 
Total35 111 8 
Deferred:
Federal(855)1 (2)
State(207)1 (1)
Foreign2 (6)(18)
Total(1,060)(4)(21)
Provision for (benefit from) income taxes$(1,025)$107 $(13)
The items accounting for the difference between income taxes computed at the federal statutory income tax rate and the provision for (benefit from) income taxes consisted of the following: 
 Year Ended January 31,
 202420232022
Federal statutory rate21.0 %21.0 %21.0 %
Effect of:
Foreign income at other than U.S. rates10.9 %(44.7)%321.0 %
Intercompany transactions(4.3)%3.5 %(158.2)%
Research tax credits(26.3)%26.5 %(447.7)%
State taxes, net of federal benefit5.1 %(4.7)%(0.7)%
Changes in valuation allowance(315.5)%(14.9)%558.5 %
Share-based compensation 19.1 %(26.5)%(365.4)%
Permanent difference1.2 %(0.9)%4.6 %
Nontaxable gain on investment— %— %(15.7)%
Other1.2 %(0.4)%1.0 %
Total(287.6)%(41.1)%(81.6)%
The benefit from income taxes increased in fiscal 2024 primarily due to the release of a portion of our valuation allowance related to U.S. federal and state deferred tax assets.
Significant components of our deferred tax assets and liabilities were as follows (in millions):
As of January 31,
20242023
Deferred tax assets:
Unearned revenue$16 $11 
Other reserves and accruals47 61 
Tax attributes carryforward1,431 1,587 
Capitalized research and development expense367 255 
Property and equipment— 30 
Share-based compensation69 75 
Intangibles483 503 
Operating lease liabilities69 63 
Other16 15 
Total deferred tax assets2,498 2,600 
Valuation allowance(1,182)(2,358)
Deferred tax assets, net of valuation allowance1,316 242 
Deferred tax liabilities:
Deferred commissions(145)(127)
Operating lease right-of-use assets(62)(57)
Property and equipment(13)— 
Other(33)(47)
Total deferred tax liabilities(253)(231)
Net deferred tax assets$1,063 $11 
We periodically evaluate the realizability of our deferred tax assets based on all available evidence, both positive and negative. Prior to fiscal 2024, we considered global cumulative losses as a significant piece of negative evidence. During fiscal 2024, we recognized cumulative earnings on a global basis and were profitable in the U.S. Our ability to sustain and grow our profitability is supported by the continued positive operating performance in the U.S. We also considered forecasts of future taxable income and evaluated the utilization of tax attributes before their expiration. After considering these factors, we determined that the positive evidence outweighed the negative evidence and concluded that it was more likely than not that the majority of U.S. deferred tax assets were realizable. As a result, we released the valuation allowance against all U.S. federal deferred tax assets and state deferred tax assets, excluding certain state tax credits. The remaining valuation allowance of $1.2 billion as of January 31, 2024, was primarily related to tax credits in certain state jurisdictions and net operating loss in certain foreign jurisdictions. We will continue to evaluate the need for valuation allowances for our deferred tax assets.
The valuation allowance on our net deferred tax assets decreased by $1.2 billion during fiscal 2024, primarily due to the release of the U.S. federal and state valuation allowance discussed above. The valuation allowance increased by $116 million during fiscal 2023 primarily due to an increase in deferred tax assets on amortization of intangibles from business combinations and capitalized research and development expenditures and credits, which were partially offset by the utilization of net operating losses.
As of January 31, 2024, we had approximately $1.7 billion of federal, $1.9 billion of state, and $3.5 billion of foreign net operating loss and other tax attributes carryforwards available to offset future taxable income. If not utilized, the pre-fiscal 2018 federal and the state net operating loss carryforwards expire in varying amounts between fiscal 2025 and 2042. The federal net operating losses generated in and after fiscal 2018 and the foreign net operating losses and other tax attributes do not expire and may be carried forward indefinitely.
We also had approximately $387 million of federal and $345 million of California research and development tax credit carryforwards as of January 31, 2024. The federal credits expire in varying amounts between fiscal 2025 and 2044. The California research credits do not expire and may be carried forward indefinitely.
Our ability to utilize the net operating loss and tax credit carryforwards in the future may be subject to substantial restrictions in the event of past or future ownership changes as defined in Section 382 of the Internal Revenue Code of 1986, as amended, and similar state tax law.
We intend to permanently reinvest any future earnings in our foreign operations unless such earnings are subject to U.S. federal income taxes. As of January 31, 2024, we estimate any such hypothetical foreign withholding tax expense to be immaterial to our financial statements.
A reconciliation of the gross unrecognized tax benefit is as follows (in millions):
 Year Ended January 31,
 202420232022
Unrecognized tax benefits at the beginning of the period$196 $174 $160 
Additions for tax positions taken in prior years30 1 — 
Reductions for tax positions taken in prior years— — (1)
Additions for tax positions related to the current year27 21 15 
Unrecognized tax benefits at the end of the period$253 $196 $174 
Our policy is to include interest and penalties related to unrecognized tax benefits within our provision for income taxes. We did not accrue any material interest expense or penalties during fiscal 2024, 2023, or 2022.
Of the total amount of unrecognized tax benefits of $253 million, $125 million, if recognized, would impact the effective tax rate as of January 31, 2024.
We file federal, state, and foreign income tax returns in jurisdictions with varying statutes of limitations. Due to our net operating loss carryforwards, our income tax returns generally remain subject to examination by federal and most state and foreign tax authorities.
v3.24.0.1
Net Income (Loss) Per Share
 12 Months Ended
Jan. 31, 2024
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. We determine the dilutive effect of outstanding share-based awards and warrants using the treasury stock method, and the dilutive effect of shares underlying our convertible senior notes using the if-converted method.
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. The computation of the diluted net income per share of Class A common stock assumes the conversion of our Class B common stock to Class A common stock, while the diluted net income (loss) per share of Class B common stock does not assume the conversion of those shares.
Basic and diluted net loss per share was the same for fiscal 2023, as the inclusion of potentially outstanding weighted-average shares of common stock would have been anti-dilutive due to the incurrence of net loss during the period.
The following table presents the calculation of basic and diluted net income (loss) per share (in millions, except number of shares, which are reflected in thousands, and per share data):
Year Ended January 31,
202420232022
Class AClass BClass AClass BClass AClass B
Net income (loss) per share, basic:
Numerator:
Net income (loss)$1,094 $287 $(288)$(79)$22 $7 
Denominator:
Weighted-average shares outstanding, basic207,001 54,343 199,805 55,014 189,864 57,385 
Net income (loss) per share, basic$5.28 $5.28 $(1.44)$(1.44)$0.12 $0.12 
Net income (loss) per share, diluted:
Numerator:
Net income (loss)$1,094 $287 $(288)$(79)$22 $7 
Reallocation of net income as a result of conversion of Class B to Class A common stock287 — — — 7 — 
Reallocation of net income to Class B common stock— (4)— — — — 
Net income (loss) for diluted calculation 1,381 283 (288)(79)29 7 
Denominator:
Weighted-average shares outstanding, basic207,001 54,343 199,805 55,014 189,864 57,385 
Conversion of Class B to Class A common stock54,343 — — — 57,385 — 
Dilutive effect of share-based awards3,941 — — — 5,549 — 
Dilutive effect of warrants related to the issuance of convertible senior notes— — — — 1,234 — 
Weighted-average shares outstanding, diluted265,285 54,343 199,805 55,014 254,032 57,385 
Net income (loss) per share, diluted$5.21 $5.21 $(1.44)$(1.44)$0.12 $0.12 
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):
 Year Ended January 31,
 202420232022
Shares related to outstanding share-based awards
2,206 15,454 1,436 
Shares related to the convertible senior notes— 5,182 7,817 
Shares subject to warrants related to the issuance of convertible senior notes— 7,762 — 
Total2,206 28,398 9,253 
v3.24.0.1
Geographic Information
 12 Months Ended
Jan. 31, 2024
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 millions):
 Year Ended January 31,
 202420232022
United States$5,457 $4,682 $3,846 
Other countries1,802 1,534 1,293 
Total revenues$7,259 $6,216 $5,139 
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 millions):
As of January 31,
 20242023
United States$1,199 $1,206 
Ireland213 159 
Other countries111 85 
Total long-lived assets$1,523 $1,450 
v3.24.0.1
401(k) Plan
 12 Months Ended
Jan. 31, 2024
Retirement Benefits [Abstract]  
401(k) Plan 401(k) Plan
We have a qualified defined contribution plan under Section 401(k) of the Internal Revenue Code covering eligible employees. We match a certain portion of employee contributions up to a fixed maximum per employee. Our contributions to the plan were $64 million, $57 million, and $46 million during fiscal 2024, 2023, and 2022, respectively.
v3.24.0.1
Subsequent Event
 12 Months Ended
Jan. 31, 2024
Subsequent Events [Abstract]  
Subsequent Event Subsequent Events
HiredScore, Inc.
In February 2024, we entered into a definitive agreement to acquire HiredScore, Inc. a provider of AI powered talent orchestration solutions. The transaction is expected to close during the first quarter of fiscal 2025, subject to the satisfaction of customary closing conditions, including required regulatory approval.
2024 Share Repurchase Program
In February 2024, our Board of Directors authorized the 2024 Share Repurchase Program, under which we may purchase up to $500 million of our outstanding shares of Class A common stock. We may repurchase shares of Class A common stock from time to time through open market purchases, in privately negotiated transactions or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The timing and total amount of stock repurchases will depend on business, economic, and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations. The 2024 Share Repurchase Program has a term of 18 months, may be suspended or discontinued at any time, and does not obligate us to acquire any amount of Class A common stock.
Tax Withholding Method on Employee Equity Awards
Beginning in April 2024, we intend to fund withholding taxes due on employee equity awards by net share withholding, rather than our current approach of selling shares of our common stock on our employees’ behalf to cover taxes upon vesting of such awards. We expect this net share withholding approach will increase our financing cash outflows and reduce the number of shares that will be issued from our equity plans. However, we are unable to estimate the cash outflows and number of shares that will be withheld since they will depend on the market price of our Class A common stock.
v3.24.0.1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Pay vs Performance Disclosure      
Net income (loss) $ 1,381 $ (367) $ 29
v3.24.0.1
Insider Trading Arrangements
 3 Months Ended
Jan. 31, 2024
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.24.0.1
Accounting Standards and Significant Accounting Policies (Policies)
 12 Months Ended
Jan. 31, 2024
Accounting Policies [Abstract]  
Fiscal Year
Fiscal Year
Our fiscal year ends on January 31. References to fiscal 2024, for example, refer to the fiscal year ended January 31, 2024.
Basis of Presentation
Basis of Presentation
These consolidated financial statements have been prepared in accordance with GAAP and include the results of Workday, Inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated.
Certain prior period amounts reported in our consolidated financial statements and notes thereto have been reclassified to conform to current period presentation.
Use of Estimates
Use of Estimates
The preparation of consolidated financial statements in conformity with GAAP requires us to make certain estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates, judgments, 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 realizability of deferred tax assets, the measurement of uncertain tax positions, 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, judgments, and assumptions, and such differences could be material to our 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 $93 million for fiscal 2024.
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. Our CODM allocates resources and assesses performance based upon discrete financial information at the consolidated level. For fiscal 2024, our co-chief executive officers together served as CODM for purposes of segment reporting.
Revenue Recognition and Deferred Commissions
Revenue Recognition
We derive our revenues from subscription services and professional services. Revenues are recognized when control of these services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to receive in exchange for services rendered. Revenues are recognized net of any taxes collected from customers which are subsequently remitted to governmental authorities.
We determine revenue recognition through the following steps:
•Identification of the contract, or contracts, with a customer;
•Identification of the performance obligations in the contract;
•Determination of the transaction price;
•Allocation of the transaction price to the performance obligations in the contract; and
•Recognition of revenues when, or as, we satisfy a performance obligation.
Subscription Services Revenues
Subscription services revenues primarily consist of fees that provide customers access to one or more of our cloud applications for financial management, spend management, human capital management, planning, and analytics, with routine customer support. Revenues are generally recognized on a ratable basis over the contract term beginning on the date that our service is made available to the customer. Our subscription contracts are generally three years or longer in length and are generally noncancelable.
Professional Services Revenues
Professional services revenues primarily consist of consulting fees for deployment and optimization services, as well as training. Our consulting contracts are billed on a time and materials basis or a fixed price basis. For contracts billed on a time and materials basis, revenues are recognized over time as the professional services are performed. For contracts billed on a fixed price basis, revenues are recognized over time based on the proportion of the professional services performed.
Contracts with Multiple Performance Obligations
Some of our contracts with customers contain multiple performance obligations. For these contracts, we account for individual performance obligations separately if they are distinct. The transaction price is allocated to the separate performance obligations on a relative standalone selling price basis. We determine the standalone selling prices based on our overall pricing objectives, taking into consideration market conditions and other factors, including the value of our contracts, the cloud applications sold, customer demographics, geographic locations, and the number and types of users within our contracts.
We use a range of amounts to estimate SSP for both subscription and professional services sold together in a contract to determine whether there is a discount to be allocated based on the relative SSP of the performance obligations. We use historical sales transaction data, among other factors, to determine the SSP for each distinct performance obligation. Our SSP ranges are reassessed on a periodic basis or when facts and circumstances change. Changes in SSP for our services can evolve over time due to changes in our pricing practices that are influenced by market competition, changes in demand for our services, and other economic factors. As our go-to-market strategies evolve, we may modify our pricing practices in the future, which could result in changes to SSP and may therefore impact revenue recognized in our consolidated financial statements.
Contract Balances
We generally invoice our customers annually in advance for our subscription services and in arrears for our professional services. Payment terms and conditions vary by contract type and by customer, and payment is generally required within 30 days from date of invoicing. The timing of revenue recognition may differ from the timing of invoicing customers, and these timing differences result in trade receivables, contract assets, or contract liabilities (unearned revenue) on our Consolidated Balance Sheets.
Trade Receivables and Contract Assets
We record a trade receivable when an unconditional right to consideration exists, such that only the passage of time is required before payment of consideration is due. A contract asset is recognized when a conditional right to consideration exists and transfer of control has occurred. The current and noncurrent portions of contract assets are included in Trade and other receivables and Other assets, respectively, on the Consolidated Balance Sheets.
We maintain an allowance for credit losses for expected uncollectible trade receivables and contract assets, which is recorded as an offset to trade receivables or contract assets. We assess our allowance for credit losses by taking into consideration forecasts of future economic conditions, information about past events, such as our historical trend of write-offs, and customer-specific circumstances, such as bankruptcies and disputes. The allowance for credit losses is recorded in General and administrative expenses on the Consolidated Statements of Operations.
Unearned Revenue
Contract liabilities consist of unearned revenue, which is recorded when we invoice in advance of revenues being recognized from our contracts. Unearned revenue that is anticipated to be recognized during the succeeding twelve-month period is recorded as current unearned revenue and the remaining portion is recorded as noncurrent.
Deferred Commissions
Sales commissions earned by our sales force are considered incremental and recoverable costs of obtaining a contract with a customer. Sales commissions for new revenue contracts are capitalized and then amortized on a straight-line basis over a period of benefit that we have determined to be five years. We determined the period of benefit by taking into consideration our customer contracts, our technology, and other factors. Amortization expense is included in Sales and marketing expenses on the Consolidated Statements of Operations.
Fair Value Measurement
Fair Value Measurement
We measure our cash equivalents, marketable securities, and foreign currency derivative contracts at fair value at each reporting period using 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. In addition, we measure our non-marketable equity investments for which there has been an impairment or an observable price change from an orderly transaction for identical or similar investments of the same issuer at 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.
Cash and Cash Equivalents
Cash and Cash Equivalents
Cash and cash equivalents consist of highly liquid investments with maturities of three months or less at the time of purchase. Our cash equivalents primarily consist of investments in U.S. treasury securities, U.S. agency obligations, corporate bonds, commercial paper, and money market funds.
Debt Securities and Marketable Equity Investments
Debt Securities
Debt securities primarily consist of investments in U.S. treasury securities, U.S. agency obligations, corporate bonds, and commercial paper. 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 Consolidated Balance Sheets. Debt securities included in Marketable securities on the 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. Realized gains or losses from the sales of debt securities are based on the specific identification method.
When the fair value of a debt security is below its amortized cost, the amortized cost should be written down to its fair value if (i) it is more likely than not that management will be required to sell the impaired security before recovery of its amortized basis or (ii) management has the intention to sell the security. If neither of these conditions are met, we must determine whether the impairment is due to credit losses. To determine the amount of credit losses, we compare the present value of the expected cash flows of the security, derived by taking into account the issuer’s credit ratings and remaining payment terms, with its amortized cost basis. The amount of impairment recognized is limited to the excess of the amortized cost over the fair value of the security. An allowance for credit losses for the excess of amortized cost over the expected cash flows is recorded in Other income (expense), net on the Consolidated Statements of Operations. Non-credit related losses are recorded in Accumulated other comprehensive income (loss) (“AOCI”).
If quoted prices for identical instruments are available in an active market, debt securities are classified within Level 1 of the fair value hierarchy. If quoted prices for identical instruments in active markets are not available, fair values are estimated using quoted prices of similar instruments and are classified within Level 2 of the fair value hierarchy. To date, all of our debt securities can be valued using one of these two methodologies.
Marketable Equity Investments
We may hold marketable equity investments with readily determinable fair values over which we do not own a controlling interest or exercise significant influence. Marketable equity investments are included in Marketable securities on the Consolidated Balance Sheets. They are measured using quoted prices in active markets with changes recorded in Other income (expense), net on the Consolidated Statements of Operations.
Equity Investments
Equity Investments
We determine at the inception of each arrangement whether an investment or other interest is considered a variable interest entity (“VIE”). If the investment or other interest is determined to be a VIE, we must evaluate whether we are considered the primary beneficiary. The primary beneficiary of a VIE is the party that meets both of the following criteria: (1) has the power to direct the activities that most significantly impact the VIE’s economic performance; and (2) has the obligation to absorb losses or the right to receive benefits from the VIE. For investments in VIEs in which we are considered the primary beneficiary, the assets, liabilities, and results of operations of the VIE are included in our consolidated financial statements. As of January 31, 2024, and 2023, there were no VIEs for which we were the primary beneficiary.
Non-Marketable Equity Investments Measured Using the Measurement Alternative
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. These investments are included in Other assets on the Consolidated Balance Sheets. Additionally, we assess our non-marketable equity investments quarterly for impairment. Adjustments and impairments are recorded in Other income (expense), net on the Consolidated Statements of Operations.
Derivatives Financial Instruments and Hedging Activities
Derivative Financial Instruments and Hedging Activities
We use derivative financial instruments to manage foreign currency exchange risk. Derivative instruments are measured at fair value and recorded as either an asset or liability on the Consolidated Balance Sheets. Gains and losses resulting from changes in fair value are accounted for depending on the use of the derivative and whether it is designated and qualifies for hedge accounting. For derivative instruments designated as cash flow hedges (“cash flow hedges”), which we use to hedge a portion of our forecasted foreign currency revenue and expense transactions, the gains or losses are recorded in AOCI on the Consolidated Balance Sheets and subsequently reclassified to the same line item as the hedged transaction on the Consolidated Statements of Operations in the same period that the hedged transaction affects earnings. For derivative instruments not designated as hedging instruments (“non-designated hedges”), which we use to hedge a portion of our net outstanding monetary assets and liabilities, the gains or losses are recorded in Other income (expense), net on the Consolidated Statements of Operations in the period incurred. Cash flows from the settlement of forward contracts designated as cash flow hedges and non-designated hedges are classified as operating activities on the Consolidated Statements of Cash Flows.
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.
Property and Equipment
Property and Equipment
Property and equipment are stated at cost less accumulated depreciation, except for land which is stated at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as shown in the table below. Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.
Computers, equipment, and software
2 - 10 years
Buildings
10 - 60 years
Leasehold improvements
shorter of the related lease term or ten years
Furniture, fixtures, and transportation equipment
5 - 12 years
Land improvements
15 years
Business Combinations
Business Combinations
We allocate the purchase consideration of acquired companies to tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition date, with the excess recorded to goodwill. Our estimates are inherently uncertain and subject to refinement. During the measurement period, which may be up to one year from the acquisition date, we may record adjustments to the fair value of these tangible and intangible assets acquired and liabilities assumed, including uncertain tax positions and tax-related valuation allowances, with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Consolidated Statements of Operations.
In the event that we acquire a company in which we previously held an equity interest, the difference between the fair value of the shares as of the date of the acquisition and the carrying value of the equity investment is recorded as a non-cash gain or loss and recorded within Other income (expense), net on the Consolidated Statements of Operations.
Goodwill and Acquisition-Related Intangible Assets
Goodwill and Acquisition-Related Intangible Assets
Acquisition-related intangible assets with finite lives are amortized over their estimated useful lives. Goodwill amounts are not amortized. Acquisition-related intangible assets and goodwill are tested for impairment at least annually, and more frequently upon the occurrence of certain events.
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 and operating lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease term. Right-of-use assets also include adjustments related to prepaid or deferred lease payments and lease incentives. As most of our leases do not provide an implicit interest rate, we use our incremental borrowing rate to determine the present value of lease payments.
We have elected to combine lease and non-lease components for each of our existing underlying asset classes and to not include leases with a term of 12 months or less on our Consolidated Balance Sheets. We recognize variable lease costs, including common area maintenance, utilities, real estate taxes, insurance, and other operating costs that are passed on from the lessor, in the Consolidated Statements of Operations in the period incurred.
Treasury Stock
Treasury Stock
Treasury stock is accounted for using the cost method and recorded as a reduction to Stockholders’ equity on the Consolidated Balance Sheets. Incremental direct costs to purchase treasury stock are included in the cost of the shares acquired.
To determine the cost of treasury stock that is either sold or re-issued, we use the first in, first out method. When treasury stock is re-issued at a price higher than its cost, the increase is recorded in Additional paid-in capital on the Consolidated Balance Sheets. When treasury stock is re-issued at a price lower than its cost, the decrease is recorded in Additional paid-in capital to the extent that there are previously recorded increases to offset the decrease. Any decreases in excess of that amount are recorded in Accumulated deficit on the Consolidated Balance Sheets.
Advertising Expenses
Advertising Expenses
Advertising is expensed as incurred.
Share-Based Compensation
Share-Based Compensation
We measure and recognize compensation expense for share-based awards issued to employees and non-employees, primarily including RSUs and purchases under the Amended and Restated 2012 Employee Stock Purchase Plan (“ESPP”), on the Consolidated Statements of Operations.
For RSUs, fair value is based on the closing price of our common stock on the grant date. Compensation expense, net of estimated forfeitures, is recognized on a straight-line basis over the requisite service period. The requisite service period of the awards is generally the same as the vesting period.
For shares issued under the ESPP, fair value is estimated using the Black-Scholes option-pricing model. Compensation expense is recognized on a straight-line basis over the offering period. We determine the assumptions for the option-pricing model as follows:
•Risk-Free Interest Rate. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the date closest to the grant date for zero-coupon U.S. Treasury notes with maturities approximately equal to the expected term of the ESPP purchase rights.
•Expected Term. The expected term represents the period that our ESPP is expected to be outstanding. The expected term for the ESPP approximates the offering period.
•Volatility. The volatility is based on a blend of historical volatility and implied volatility of our common stock. Implied volatility is based on market traded options of our common stock.
•Dividend Yield. The dividend yield is assumed to be zero as we have not paid and do not expect to pay dividends.
Income Taxes
Income Taxes
We record a provision for (benefit from) income taxes for the anticipated tax consequences of the reported results of operations using the asset and liability method. Under this method, we recognize deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial reporting and tax basis of assets and liabilities, as well as for operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using the tax rates that are expected to apply to taxable income for the years in which those tax assets and liabilities are expected to be realized or settled. A valuation allowance is established when necessary to reduce deferred tax assets to the net amount that is more likely than not to be realized. In the event that we change our determination as to the amount of deferred tax assets that can be realized, we will adjust our valuation allowance with a corresponding impact to the provision for (benefit from) income taxes in the period in which such determination is made.
We recognize the tax benefit of an uncertain tax position only if it is more likely than not that the position is sustainable upon examination by the taxing authority, based on the technical merits. The tax benefit recognized is measured as the largest amount of benefit which is greater than 50% likely to be realized upon settlement with the taxing authority. To the extent the assessment of such tax position changes, such difference will affect the provision for (benefit from) income taxes in the period in which we make the determination. We recognize interest accrued and penalties related to unrecognized tax benefits in the provision for (benefit from) income taxes.
Warranties and Indemnification
Warranties and Indemnification
Our cloud applications are generally warranted to perform materially in accordance with our online documentation under normal use and circumstances. Additionally, our contracts generally include provisions for indemnifying customers against liabilities if use of our cloud applications infringe a third party’s intellectual property rights. We may also incur liabilities if we breach the security, privacy, and/or confidentiality obligations in our contracts. To date, we have not incurred any material costs, and we have not accrued any liabilities in the accompanying consolidated financial statements, as a result of these obligations.
In our standard agreements with customers, we commit to defined levels of service availability and performance and, under certain circumstances, permit customers to receive credits in the event that we fail to meet those levels. In the event our failure to meet those levels triggers a termination right for a customer, we permit a terminating customer to receive a refund of prepaid amounts related to unused subscription services. To date, we have not experienced any significant failures to meet defined levels of availability and performance and, as a result, we have not accrued any liabilities related to these agreements on the consolidated financial statements.
Foreign Currency Exchange
Foreign Currency Exchange
The functional currency for certain of our foreign subsidiaries is the U.S. dollar, while others use local currencies. We translate the foreign functional currency financial statements to U.S. dollars for those entities that do not have the U.S. dollar as their functional currency using the exchange rates at the balance sheet date for assets and liabilities, the period average exchange rates for revenues and expenses, and the historical exchange rates for equity transactions. The effects of foreign currency translation adjustments are recorded in AOCI on the Consolidated Balance Sheets. Foreign currency transaction gains and losses are included in Other income (expense), net on the Consolidated Statements of Operations.
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, derivative instruments, 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 January 31, 2024, or 2023. No customer individually accounted for more than 10% of total revenues during fiscal 2024, 2023, or 2022.
Other than the United States, no country individually accounted for more than 10% of total revenues during fiscal 2024, 2023, or 2022.
In order to reduce the risk of disruption 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 North America and Europe. We have internal procedures to restore services in the event of disruption 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 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.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements
In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires disclosure of incremental segment information on an annual and interim basis. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and requires retrospective application to all prior periods presented in the financial statements. We are currently evaluating the impacts of the new standard.
In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. This ASU is effective for fiscal years beginning after December 15, 2024, and allows for adoption on a prospective basis, with a retrospective option. We are currently evaluating the impacts of the new standard.
v3.24.0.1
Accounting Standards and Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 31, 2024
Accounting Policies [Abstract]  
Summary of property and equipment useful lives
Property and equipment are stated at cost less accumulated depreciation, except for land which is stated at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as shown in the table below. Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.
Computers, equipment, and software
2 - 10 years
Buildings
10 - 60 years
Leasehold improvements
shorter of the related lease term or ten years
Furniture, fixtures, and transportation equipment
5 - 12 years
Land improvements
15 years
Property and equipment, net consisted of the following (in millions): 
 As of January 31,
 20242023
Computers, equipment, and software$1,387 $1,286 
Buildings726 720 
Leasehold improvements213 202 
Furniture, fixtures, and transportation equipment99 91 
Land and land improvements81 81 
Property and equipment, gross2,506 2,380 
Less accumulated depreciation and amortization(1,272)(1,179)
Property and equipment, net$1,234 $1,201 
v3.24.0.1
Investments (Tables)
 12 Months Ended
Jan. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Summary of debt securities
As of January 31, 2024, debt securities consisted of the following (in millions):
Amortized CostUnrealized GainsUnrealized LossesAggregate Fair Value
U.S. treasury securities$2,072 $4 $(2)$2,074 
U.S. agency obligations753 2 (1)754 
Corporate bonds2,496 9 (5)2,500 
Commercial paper1,232 — — 1,232 
Total debt securities$6,553 $15 $(8)$6,560 
Included in Cash and cash equivalents$759 $— $— $759 
Included in Marketable securities$5,794 $15 $(8)$5,801 
As of January 31, 2023, debt securities consisted of the following (in millions):
Amortized CostUnrealized GainsUnrealized LossesAggregate Fair Value
U.S. treasury securities$2,456 $— $(7)$2,449 
U.S. agency obligations325 — (3)322 
Corporate bonds967 1 (7)961 
Commercial paper1,017 — — 1,017 
Total debt securities$4,765 $1 $(17)$4,749 
Included in Cash and cash equivalents$595 $— $— $595 
Included in Marketable securities$4,170 $1 $(17)$4,154 
Contractual maturity of debt securities
The contractual maturities of debt securities were as follows (in millions):
January 31, 2024
Due within 1 year
$3,749 
Due 1 year through 5 years
2,811 
Total debt securities
$6,560 
Equity investments
Equity investments consisted of the following (in millions):
As of January 31,
Consolidated Balance Sheets Location20242023
Money market fundsCash and cash equivalents$1,017 $902 
Non-marketable equity investments measured using the measurement alternativeOther assets248 262 
Marketable equity investmentsMarketable securities— 81 
Total equity investments$1,265 $1,245 
Total realized and unrealized gains and losses on equity investments
Total realized and unrealized gains and losses associated with our equity investments consisted of the following (in millions):
Year Ended January 31,
202420232022
Net realized gains (losses) recognized on equity investments sold (1)
$6 $(1)$22 
Net unrealized gains (losses) recognized on equity investments held as of the end of the period(30)(26)122 
Total net gains (losses) recognized in Other income (expense), net$(24)$(27)$144 
(1)Reflects the difference between the sale proceeds and the carrying value of the equity investments at the beginning of the fiscal year.
Carrying values of non-marketable equity investments
The carrying values for our non-marketable equity investments are summarized below (in millions):
As of January 31,
20242023
Total initial cost$213 $207 
Cumulative net unrealized gains (losses)35 55 
Carrying value$248 $262 
Carrying value of marketable equity investments
The carrying values for our marketable equity investments are summarized below (in millions):
As of January 31,
20242023
Total initial cost$— $39 
Cumulative net unrealized gains (losses)— 42 
Carrying value$— $81 
v3.24.0.1
Fair Value Measurements (Tables)
 12 Months Ended
Jan. 31, 2024
Fair Value Disclosures [Abstract]  
Information about assets and liabilities that are 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 January 31, 2024 (in millions):
Level 1Level 2Level 3Total
U.S. treasury securities$2,074 $— $— $2,074 
U.S. agency obligations— 754 — 754 
Corporate bonds— 2,500 — 2,500 
Commercial paper— 1,232 — 1,232 
Money market funds1,017 — — 1,017 
Foreign currency derivative assets— 46 — 46 
Total assets$3,091 $4,532 $— $7,623 
Foreign currency derivative liabilities$— $27 $— $27 
Total liabilities$— $27 $— $27 
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 millions):
Level 1Level 2Level 3Total
U.S. treasury securities$2,449 $— $— $2,449 
U.S. agency obligations— 322 — 322 
Corporate bonds— 961 — 961 
Commercial paper— 1,017 — 1,017 
Money market funds902 — — 902 
Marketable equity investments81 — — 81 
Foreign currency derivative assets— 65 — 65 
Total assets$3,432 $2,365 $— $5,797 
Foreign currency derivative liabilities$— $34 $— $34 
Total liabilities$— $34 $— $34 
v3.24.0.1
Property and Equipment, Net (Tables)
 12 Months Ended
Jan. 31, 2024
Property, Plant and Equipment [Abstract]  
Summary of property and equipment, net
Property and equipment are stated at cost less accumulated depreciation, except for land which is stated at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets as shown in the table below. Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.
Computers, equipment, and software
2 - 10 years
Buildings
10 - 60 years
Leasehold improvements
shorter of the related lease term or ten years
Furniture, fixtures, and transportation equipment
5 - 12 years
Land improvements
15 years
Property and equipment, net consisted of the following (in millions): 
 As of January 31,
 20242023
Computers, equipment, and software$1,387 $1,286 
Buildings726 720 
Leasehold improvements213 202 
Furniture, fixtures, and transportation equipment99 91 
Land and land improvements81 81 
Property and equipment, gross2,506 2,380 
Less accumulated depreciation and amortization(1,272)(1,179)
Property and equipment, net$1,234 $1,201 
v3.24.0.1
Business Combinations (Tables)
 12 Months Ended
Jan. 31, 2024
Business Combination and Asset Acquisition [Abstract]  
Summary of purchase consideration allocation of assets acquired and liabilities assumed The purchase consideration allocation, which includes measurement period adjustments, was as follows (in millions):
Cash$23 
Acquisition-related intangible assets40 
Goodwill412 
Other assets3 
Deferred tax liability(3)
Other liabilities(2)
Total$473 
The purchase consideration allocation, which includes measurement period adjustments, was as follows (in millions):
Acquisition-related intangible assets$171 
Goodwill541 
Other assets35 
Deferred tax liability(20)
Other liabilities(25)
Total$702 
Schedule of finite-lived intangible assets acquired as part of business combination
The fair values and weighted-average useful lives of the acquired intangible assets by category were as follows (in millions, except years):
Estimated Fair ValuesWeighted-Average Useful Lives (in Years)
Developed technology$27 4
Customer relationships13 13
Total acquisition-related intangible assets$40 7
The fair values and weighted-average useful lives of the acquired intangible assets by category were as follows (in millions, except years):
Estimated Fair ValuesWeighted-Average Useful Lives (in Years)
Developed technology$94 5
Customer relationships72 13
Backlog4 3
Trade name1 1
Total acquisition-related intangible assets$171 8
Schedule of acquisition-date fair value of purchase consideration
The acquisition-date fair value of the purchase consideration consisted of the following (in millions):
Cash paid to stockholders, warrant holders, and vested option holders$684 
Transaction costs paid by Workday on behalf of Peakon18 
Total$702 
v3.24.0.1
Acquisition-Related Intangible Assets, Net (Tables)
 12 Months Ended
Jan. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of acquisition-related intangible assets
Acquisition-related intangible assets, net consisted of the following (in millions):
As of January 31,
 20242023
Developed technology$318 $343 
Customer relationships311 311 
Backlog15 15 
Trade name13 13 
Acquisition-related intangible assets, gross657 682 
Less accumulated amortization(424)(376)
Acquisition-related intangible assets, net$233 $306 
Schedule of future estimated amortization expense of acquisition-related intangible assets
As of January 31, 2024, our future estimated amortization expense related to acquisition-related intangible assets was as follows (in millions):
Fiscal Period:
2025$62 
202656 
202732 
202827 
202917 
Thereafter39 
Total$233 
As of January 31, 2024, the future estimated amortization expense was as follows (in millions):
Fiscal Period:
2025$4 
20263 
20273 
20283 
20293 
Thereafter10 
Total$26 
v3.24.0.1
Other Assets (Tables)
 12 Months Ended
Jan. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of other assets
Other assets consisted of the following (in millions):
 As of January 31,
 20242023
Non-marketable equity and other investments$248 $263 
Technology patents and other intangible assets, net26 21 
Contract assets21 — 
Derivative assets14 22 
Prepayments for goods and services14 23 
Deposits8 6 
Other6 13 
Total other assets$337 $348 
Schedule of future estimated amortization expense of technology patents and other intangible assets
As of January 31, 2024, our future estimated amortization expense related to acquisition-related intangible assets was as follows (in millions):
Fiscal Period:
2025$62 
202656 
202732 
202827 
202917 
Thereafter39 
Total$233 
As of January 31, 2024, the future estimated amortization expense was as follows (in millions):
Fiscal Period:
2025$4 
20263 
20273 
20283 
20293 
Thereafter10 
Total$26 
v3.24.0.1
Derivative Instruments (Tables)
 12 Months Ended
Jan. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of outstanding derivative instruments
The fair values of outstanding derivative instruments were as follows (in millions):
Consolidated Balance Sheets LocationAs of January 31,
20242023
Derivative assets:
Cash flow hedgesPrepaid expenses and other current assets$30 $43 
Cash flow hedgesOther assets14 22 
Non-designated hedgesPrepaid expenses and other current assets2 — 
Total derivative assets$46 $65 
Derivative liabilities:
Cash flow hedgesAccrued expenses and other current liabilities$14 $13 
Cash flow hedgesOther liabilities12 16 
Non-designated hedgesAccrued expenses and other current liabilities1 5 
Total derivative liabilities$27 $34 
Derivative instruments, gain (loss)
The effect of cash flow hedges on the Consolidated Statements of Operations was as follows (in millions):
Consolidated Statements of Operations LocationYear Ended January 31,
202420232022
TotalGains (losses) related to cash flow hedgesTotalGains (losses) related to cash flow hedgesTotalGains (losses) related to cash flow hedges
Revenues$7,259 $62 $6,216 $17 $5,139 $(9)
Costs and expenses7,076 1 6,438 (29)5,255 — 
Provision for (benefit from) income taxes(1,025)— 107 (6)(13)— 
Pre-tax gains (losses) associated with cash flow hedges were as follows (in millions):
Consolidated Statements of Operations and Statements of Comprehensive Income (Loss) LocationsYear Ended January 31,
202420232022
Gains (losses) recognized in OCINet change in unrealized gains (losses) on cash flow hedges$16 $40 $63 
Gains (losses) reclassified from AOCI into income (effective portion)Revenues62 17 (9)
Gains (losses) reclassified from AOCI into income (effective portion)Costs and expenses1 (29)— 
Gains (losses) reclassified from AOCI into income (effective portion)Provision for (benefit from) income taxes— (6)— 
Gains (losses) associated with non-designated hedges were as follows (in millions):
Consolidated Statements of Operations LocationYear Ended January 31,
202420232022
Gains (losses) related to non-designated hedgesOther income (expense), net$5 $10 $7 
Offsetting arrangements, assets
As of January 31, 2024, information related to these offsetting arrangements was as follows (in millions):
Gross Amounts of Recognized AssetsGross Amounts Offset on the Consolidated Balance SheetsNet Amounts of Assets Presented on the Consolidated Balance SheetsGross Amounts Not Offset on the Consolidated Balance SheetsNet Assets Exposed
Financial InstrumentsCash Collateral Received
Derivative assets:
Counterparty A$13 $— $13 $(4)$— $9 
Counterparty B11 — 11 (6)— 5 
Counterparty C2 — 2 (1)— 1 
Counterparty D17 — 17 (14)— 3 
Counterparty E3 — 3 (2)— 1 
Total$46 $— $46 $(27)$— $19 
Offsetting arrangements, liabilities
Gross Amounts of Recognized LiabilitiesGross Amounts Offset on the Consolidated Balance SheetsNet Amounts of Liabilities Presented on the Consolidated Balance SheetsGross Amounts Not Offset on the Consolidated Balance SheetsNet Liabilities Exposed
Financial InstrumentsCash Collateral Pledged
Derivative liabilities:
Counterparty A$4 $— $4 $(4)$— $— 
Counterparty B6 — 6 (6)— — 
Counterparty C1 — 1 (1)— — 
Counterparty D14 — 14 (14)— — 
Counterparty E2 — 2 (2)— — 
Total$27 $— $27 $(27)$— $— 
v3.24.0.1
Debt (Tables)
 12 Months Ended
Jan. 31, 2024
Debt Disclosure [Abstract]  
Outstanding debt
Outstanding debt consisted of the following (in millions):
As of January 31,
20242023
2027 Notes$1,000 $1,000 
2029 Notes750 750 
2032 Notes1,250 1,250 
Total principal amount3,000 3,000 
Less: unamortized debt discount and issuance costs(20)(24)
Net carrying amount2,980 2,976 
Debt, noncurrent$2,980 $2,976 
Schedule of contractual repayments and maturities of long-term debt
As of January 31, 2024, the future principal payments for the outstanding debt were as follows (in millions):
Fiscal Period:
2025$— 
2026— 
2027— 
20281,000 
2029— 
Thereafter2,000 
Total principal amount$3,000 
Schedule of interest expense related to debt The following table sets forth total interest expense recognized related to our debt (in millions):
Year Ended January 31,
202420232022
Contractual interest expense$110 $95 $13 
Interest cost related to amortization and write-off of debt discount and issuance costs4 7 4 
Total interest expense$114 $102 $17 
v3.24.0.1
Leases (Tables)
 12 Months Ended
Jan. 31, 2024
Leases [Abstract]  
Components of operating lease expense
The components of operating lease expense were as follows (in millions):
Year Ended January 31,
 202420232022
Operating lease cost$109 $99 $93 
Short-term lease cost3 4 6 
Variable lease cost46 45 26 
Total operating lease cost$158 $148 $125 
Supplemental cash flow information
Supplemental cash flow information related to our operating leases was as follows (in millions):
Year Ended January 31,
 202420232022
Cash paid for operating lease liabilities$112 $94 $91 
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities139 96 55 
Other information related to our operating leases was as follows:
As of January 31,
20242023
Weighted average remaining lease term (in years)55
Weighted average discount rate3.95 %2.79 %
Maturities of operating lease liabilities
As of January 31, 2024, maturities of operating lease liabilities were as follows (in millions):
Fiscal Period:
2025$100 
202680 
202761 
202847 
202932 
Thereafter39 
Total lease payments359 
Less imputed interest(43)
Total operating lease liabilities$316 
v3.24.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Jan. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Future payments under purchase obligations
Future payments under purchase obligations with a remaining term in excess of one year as of January 31, 2024, were as follows (in millions):
Third-Party Hosted Infrastructure Platform ObligationsOther Purchase Obligations
Fiscal Period:
2025$180 $120 
2026314 94 
2027358 71 
2028414 70 
2029591 50 
Thereafter— 58 
Total$1,857 $463 
v3.24.0.1
Stockholders' Equity (Tables)
 12 Months Ended
Jan. 31, 2024
Equity [Abstract]  
Summary of information related to restricted stock units activity RSU activity during fiscal 2024 was as follows (in thousands, except per share data):
Number of SharesWeighted-Average Grant Date Fair Value
Balance as of January 31, 202314,099 $206.38 
RSUs granted8,961 197.22 
RSUs vested(6,489)201.71 
RSUs forfeited(1,551)196.93 
Balance as of January 31, 202415,020 203.94 
Summary of stock option activity Stock option activity during fiscal 2024 was as follows (in thousands, except aggregate intrinsic value, which is reflected in millions, and per share data):
Outstanding Stock OptionsWeighted-Average Exercise PriceAggregate Intrinsic Value
Balance as of January 31, 2023115 $30.36 $17 
Stock options exercised(27)34.10 
Stock options canceled— — 
Balance as of January 31, 202488 29.20 23 
Vested and expected to vest as of January 31, 202488 29.20 23 
Exercisable as of January 31, 202488 29.20 23 
Assumptions used for periods presented, Employee Stock Purchase Plan (ESPP)
The fair value of stock purchase rights granted under the ESPP was estimated using the following assumptions:
 Year Ended January 31,
202420232022
Expected volatility
31.5% - 33.2%
46.2% - 48.5%
30.4% - 41.5%
Expected term (in years)0.50.50.5
Risk-free interest rate
5.33% - 5.44%
1.63% - 4.65%
0.04% - 0.10%
Dividend yield—%—%—%
Grant date fair value per share
$215.31 - $272.92
$156.56 - $169.48
$225.70 - $260.86
v3.24.0.1
Contract Balances and Performance Obligations (Tables)
 12 Months Ended
Jan. 31, 2024
Revenue from Contract with Customer [Abstract]  
Contract assets and unearned revenue
Contract assets and unearned revenue balances were as follows (in millions):
Consolidated Balance Sheets LocationAs of January 31,
20242023
Contract assets:
Contract assets, current
Trade and other receivables, net$240 $160 
Contract assets, noncurrent
Other assets21 — 
Total contract assets
$261 $160 
Unearned revenue (1):
Unearned revenue, current
Unearned revenue$4,057 $3,559 
Unearned revenue, noncurrent
Unearned revenue, noncurrent70 75 
Total unearned revenue
$4,127 $3,634 
(1)Included in this balance are amounts related to professional services that are subject to cancellation and pro-rated refund rights of $76 million and $68 million as of January 31, 2024, and 2023, respectively.
v3.24.0.1
Other Income (Expense), Net (Tables)
 12 Months Ended
Jan. 31, 2024
Other Income and Expenses [Abstract]  
Schedule of other income (expense), net
Other income (expense), net consisted of the following (in millions):
 Year Ended January 31,
 202420232022
Interest income$301 $97 $5 
Interest expense (1)
(114)(102)(17)
Other (2)
(14)(33)144 
Total other income (expense), net$173 $(38)$132 
(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 11, Debt.
(2)Other primarily includes the net gains (losses) from our equity investments. For further information, see Note 3, Investments
v3.24.0.1
Income Taxes (Tables)
 12 Months Ended
Jan. 31, 2024
Income Tax Disclosure [Abstract]  
Components of loss before provision for (benefit from) income taxes
The components of income (loss) before provision for (benefit from) income taxes were as follows (in millions):
 Year Ended January 31,
 202420232022
Domestic$465 $(59)$309 
Foreign(109)(201)(293)
Income (loss) before provision for (benefit from) income taxes$356 $(260)$16 
Summary of provision for (benefit from) income taxes
The provision for (benefit from) income taxes consisted of the following (in millions):
 Year Ended January 31,
 202420232022
Current:
Federal$2 $— $— 
State19 14 1 
Foreign14 97 7 
Total35 111 8 
Deferred:
Federal(855)1 (2)
State(207)1 (1)
Foreign2 (6)(18)
Total(1,060)(4)(21)
Provision for (benefit from) income taxes$(1,025)$107 $(13)
Reconciliation of income taxes computed at federal statutory income tax rate and provision for (benefit from) income taxes
The items accounting for the difference between income taxes computed at the federal statutory income tax rate and the provision for (benefit from) income taxes consisted of the following: 
 Year Ended January 31,
 202420232022
Federal statutory rate21.0 %21.0 %21.0 %
Effect of:
Foreign income at other than U.S. rates10.9 %(44.7)%321.0 %
Intercompany transactions(4.3)%3.5 %(158.2)%
Research tax credits(26.3)%26.5 %(447.7)%
State taxes, net of federal benefit5.1 %(4.7)%(0.7)%
Changes in valuation allowance(315.5)%(14.9)%558.5 %
Share-based compensation 19.1 %(26.5)%(365.4)%
Permanent difference1.2 %(0.9)%4.6 %
Nontaxable gain on investment— %— %(15.7)%
Other1.2 %(0.4)%1.0 %
Total(287.6)%(41.1)%(81.6)%
Schedule of deferred tax assets and liabilities
Significant components of our deferred tax assets and liabilities were as follows (in millions):
As of January 31,
20242023
Deferred tax assets:
Unearned revenue$16 $11 
Other reserves and accruals47 61 
Tax attributes carryforward1,431 1,587 
Capitalized research and development expense367 255 
Property and equipment— 30 
Share-based compensation69 75 
Intangibles483 503 
Operating lease liabilities69 63 
Other16 15 
Total deferred tax assets2,498 2,600 
Valuation allowance(1,182)(2,358)
Deferred tax assets, net of valuation allowance1,316 242 
Deferred tax liabilities:
Deferred commissions(145)(127)
Operating lease right-of-use assets(62)(57)
Property and equipment(13)— 
Other(33)(47)
Total deferred tax liabilities(253)(231)
Net deferred tax assets$1,063 $11 
Summary of reconciliation of gross unrecognized tax benefit
A reconciliation of the gross unrecognized tax benefit is as follows (in millions):
 Year Ended January 31,
 202420232022
Unrecognized tax benefits at the beginning of the period$196 $174 $160 
Additions for tax positions taken in prior years30 1 — 
Reductions for tax positions taken in prior years— — (1)
Additions for tax positions related to the current year27 21 15 
Unrecognized tax benefits at the end of the period$253 $196 $174 
v3.24.0.1
Net Income (Loss) Per Share (Tables)
 12 Months Ended
Jan. 31, 2024
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 millions, except number of shares, which are reflected in thousands, and per share data):
Year Ended January 31,
202420232022
Class AClass BClass AClass BClass AClass B
Net income (loss) per share, basic:
Numerator:
Net income (loss)$1,094 $287 $(288)$(79)$22 $7 
Denominator:
Weighted-average shares outstanding, basic207,001 54,343 199,805 55,014 189,864 57,385 
Net income (loss) per share, basic$5.28 $5.28 $(1.44)$(1.44)$0.12 $0.12 
Net income (loss) per share, diluted:
Numerator:
Net income (loss)$1,094 $287 $(288)$(79)$22 $7 
Reallocation of net income as a result of conversion of Class B to Class A common stock287 — — — 7 — 
Reallocation of net income to Class B common stock— (4)— — — — 
Net income (loss) for diluted calculation 1,381 283 (288)(79)29 7 
Denominator:
Weighted-average shares outstanding, basic207,001 54,343 199,805 55,014 189,864 57,385 
Conversion of Class B to Class A common stock54,343 — — — 57,385 — 
Dilutive effect of share-based awards3,941 — — — 5,549 — 
Dilutive effect of warrants related to the issuance of convertible senior notes— — — — 1,234 — 
Weighted-average shares outstanding, diluted265,285 54,343 199,805 55,014 254,032 57,385 
Net income (loss) per share, diluted$5.21 $5.21 $(1.44)$(1.44)$0.12 $0.12 
Anti-dilutive securities excluded from the diluted calculation
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):
 Year Ended January 31,
 202420232022
Shares related to outstanding share-based awards
2,206 15,454 1,436 
Shares related to the convertible senior notes— 5,182 7,817 
Shares subject to warrants related to the issuance of convertible senior notes— 7,762 — 
Total2,206 28,398 9,253 
v3.24.0.1
Geographic Information (Tables)
 12 Months Ended
Jan. 31, 2024
Segment Reporting [Abstract]  
Summary of revenues by geographic area The following table sets forth revenues by geographic area (in millions):
 Year Ended January 31,
 202420232022
United States$5,457 $4,682 $3,846 
Other countries1,802 1,534 1,293 
Total revenues$7,259 $6,216 $5,139 
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 millions):
As of January 31,
 20242023
United States$1,199 $1,206 
Ireland213 159 
Other countries111 85 
Total long-lived assets$1,523 $1,450 
v3.24.0.1
Overview and Basis of Presentation (Detail)
$ in Millions
 12 Months Ended
Jan. 31, 2024
USD ($)
segment
Jan. 31, 2023
USD ($)
Jan. 31, 2022
USD ($)
Property, Plant and Equipment [Line Items]      
Decrease in depreciation expense $ (203) $ (275) $ (263)
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 $ 93    
Data Center Equipment | Minimum      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, useful life (years) 3 years    
Data Center Equipment | Maximum      
Property, Plant and Equipment [Line Items]      
Property, plant and equipment, useful life (years) 5 years    
v3.24.0.1
Accounting Standards and Significant Accounting Policies - Narrative (Detail)
$ in Millions
 12 Months Ended
Jan. 31, 2024
USD ($)
variable_interest_entity
Jan. 31, 2023
USD ($)
variable_interest_entity
Jan. 31, 2022
USD ($)
Accounting Policies [Line Items]      
Number of VIE's that the Company is primary beneficiary | variable_interest_entity 0 0  
Amortization period, deferred commissions (years) 5 years    
Advertising expense | $ $ 194 $ 172 $ 131
ESPP      
Accounting Policies [Line Items]      
Dividend yield (percentage) 0.00% 0.00% 0.00%
Minimum | Subscription services      
Accounting Policies [Line Items]      
Subscriptions contract period, years 3 years    
v3.24.0.1
Accounting Standards and Significant Accounting Policies - Summary of Property and Equipment Useful Lives (Details)
Jan. 31, 2024
Computers, equipment, and software | Minimum  
Property, Plant and Equipment [Line Items]  
Property, plant and equipment, useful life (years) 2 years
Computers, equipment, and software | Maximum  
Property, Plant and Equipment [Line Items]  
Property, plant and equipment, useful life (years) 10 years
Buildings | Minimum  
Property, Plant and Equipment [Line Items]  
Property, plant and equipment, useful life (years) 10 years
Buildings | Maximum  
Property, Plant and Equipment [Line Items]  
Property, plant and equipment, useful life (years) 60 years
Leasehold improvements  
Property, Plant and Equipment [Line Items]  
Property, plant and equipment, useful life (years) 10 years
Furniture, fixtures, and transportation equipment | Minimum  
Property, Plant and Equipment [Line Items]  
Property, plant and equipment, useful life (years) 5 years
Furniture, fixtures, and transportation equipment | Maximum  
Property, Plant and Equipment [Line Items]  
Property, plant and equipment, useful life (years) 12 years
Land improvements  
Property, Plant and Equipment [Line Items]  
Property, plant and equipment, useful life (years) 15 years
v3.24.0.1
Investments - Summary of Marketable Securities (Detail) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost $ 6,553 $ 4,765
Unrealized Gains 15 1
Unrealized Losses (8) (17)
Aggregate Fair Value 6,560 4,749
Included in Cash and cash equivalents    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 759 595
Unrealized Gains 0 0
Unrealized Losses 0 0
Aggregate Fair Value 759 595
Included in Marketable securities    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 5,794 4,170
Unrealized Gains 15 1
Unrealized Losses (8) (17)
Aggregate Fair Value 5,801 4,154
U.S. treasury securities    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 2,072 2,456
Unrealized Gains 4 0
Unrealized Losses (2) (7)
Aggregate Fair Value 2,074 2,449
U.S. agency obligations    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 753 325
Unrealized Gains 2 0
Unrealized Losses (1) (3)
Aggregate Fair Value 754 322
Corporate bonds    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 2,496 967
Unrealized Gains 9 1
Unrealized Losses (5) (7)
Aggregate Fair Value 2,500 961
Commercial paper    
Debt Securities, Available-for-sale [Line Items]    
Amortized Cost 1,232 1,017
Unrealized Gains 0 0
Unrealized Losses 0 0
Aggregate Fair Value $ 1,232 $ 1,017
v3.24.0.1
Investments - Contractual Maturity of Debt Securities (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Investments, Debt and Equity Securities [Abstract]    
Due within 1 year $ 3,749  
Due 1 year through 5 years 2,811  
Aggregate Fair Value $ 6,560 $ 4,749
v3.24.0.1
Investments - Narrative (Details) - USD ($)
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Debt and Equity Securities, FV-NI [Line Items]      
Unrealized loss of debt securities, available-for-sale $ 2,400,000,000 $ 3,100,000,000  
Credit losses on debt securities 0 0 $ 0
Proceeds from sale of debt securities, available-for-sale 59,000,000 98,000,000 162,000,000
Impairment loss on non-marketable equity securities 30,000,000 16,000,000  
Equity securities without readily determinable fair value, upward price adjustment, annual amount   8,000,000 58,000,000
Proceeds from sale of available-for-sale securities, equity 87,000,000 6,000,000 37,000,000
Non-cash gain on the sale of a non-marketable equity investment $ 6,000,000 0 7,000,000
Non-cash loss on the sale of a non-marketable equity investment   $ 18,000,000  
Non-cash gain on the sale of a non-marketable equity investment     67,000,000
Zimit, Inc.      
Debt and Equity Securities, FV-NI [Line Items]      
Non-cash gain on the sale of a non-marketable equity investment     $ 12,000,000
v3.24.0.1
Investments - Equity Investments (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Schedule of Equity Method Investments [Line Items]    
Non-marketable equity investments measured using the measurement alternative $ 248 $ 262
Total equity investments 1,265 1,245
Cash and cash equivalents    
Schedule of Equity Method Investments [Line Items]    
Marketable equity investments 1,017 902
Other assets    
Schedule of Equity Method Investments [Line Items]    
Non-marketable equity investments measured using the measurement alternative 248 262
Marketable securities    
Schedule of Equity Method Investments [Line Items]    
Marketable equity investments $ 0 $ 81
v3.24.0.1
Investments - Realized and Unrealized Gains (Losses) (Detail) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Investments, Debt and Equity Securities [Abstract]      
Net realized gains (losses) recognized on equity investments sold $ 6 $ (1) $ 22
Net unrealized gains (losses) recognized on equity investments held as of the end of the period (30) (26) 122
Total net gains (losses) recognized in Other income (expense), net $ (24) $ (27) $ 144
v3.24.0.1
Investments - Schedule of Non-Marketable Equity Investments (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Investments, Debt and Equity Securities [Abstract]    
Total initial cost $ 213 $ 207
Cumulative net unrealized gains (losses) 35 55
Carrying value $ 248 $ 262
v3.24.0.1
Investments - Schedule of Marketable Equity Investments (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]    
Total initial cost $ 0 $ 39
Cumulative net unrealized gains (losses) 0 42
Included in Marketable securities    
Debt and Equity Securities, FV-NI [Line Items]    
Carrying value $ 0 $ 81
v3.24.0.1
Fair Value Measurements - Information about Assets and Liabilities that are Measured at Fair Value on a Recurring Basis (Detail) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities $ 6,560 $ 4,749
Foreign currency derivative assets 46  
Foreign currency derivative liabilities 27  
U.S. treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 2,074 2,449
U.S. agency obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 754 322
Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 2,500 961
Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 1,232 1,017
Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable equity investments   81
Foreign currency derivative assets 46 65
Total assets 7,623 5,797
Foreign currency derivative liabilities 27 34
Total liabilities 27 34
Recurring | U.S. treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 2,074 2,449
Recurring | U.S. agency obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 754 322
Recurring | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 2,500 961
Recurring | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 1,232 1,017
Recurring | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 1,017 902
Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable equity investments   81
Foreign currency derivative assets 0 0
Total assets 3,091 3,432
Foreign currency derivative liabilities 0 0
Total liabilities 0 0
Recurring | Level 1 | U.S. treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 2,074 2,449
Recurring | Level 1 | U.S. agency obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 0 0
Recurring | Level 1 | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 0 0
Recurring | Level 1 | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 0 0
Recurring | Level 1 | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 1,017 902
Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable equity investments   0
Foreign currency derivative assets 46 65
Total assets 4,532 2,365
Foreign currency derivative liabilities 27 34
Total liabilities 27 34
Recurring | Level 2 | U.S. treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 0 0
Recurring | Level 2 | U.S. agency obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 754 322
Recurring | Level 2 | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 2,500 961
Recurring | Level 2 | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 1,232 1,017
Recurring | Level 2 | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds 0 0
Recurring | Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Marketable equity investments   0
Foreign currency derivative assets 0 0
Total assets 0 0
Foreign currency derivative liabilities 0 0
Total liabilities 0 0
Recurring | Level 3 | U.S. treasury securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 0 0
Recurring | Level 3 | U.S. agency obligations    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 0 0
Recurring | Level 3 | Corporate bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 0 0
Recurring | Level 3 | Commercial paper    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt securities 0 0
Recurring | Level 3 | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds $ 0 $ 0
v3.24.0.1
Fair Value Measurements - Narrative (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Dec. 31, 2020
Sep. 30, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Carrying value of loan $ 2,980 $ 2,976    
2022 Notes | Convertible Debt        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Debt instrument, face amount       $ 1,150
Contractual interest rate (in percentage)       0.25%
Term Loan | Term Loan        
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]        
Debt instrument, face amount     $ 750  
v3.24.0.1
Deferred Costs (Detail) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Revenue from Contract with Customer [Abstract]      
Deferred sales commissions $ 741 $ 612  
Amortization of deferred costs 213 175 $ 139
Capitalized contract cost, impairment loss $ 0 $ 0 $ 0
v3.24.0.1
Property and Equipment, Net - Summary of Property and Equipment, Net (Detail) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 2,506 $ 2,380
Less accumulated depreciation and amortization (1,272) (1,179)
Property and equipment, net 1,234 1,201
Computers, equipment, and software    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 1,387 1,286
Buildings    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 726 720
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 213 202
Furniture, fixtures, and transportation equipment    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross 99 91
Land and land improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment, gross $ 81 $ 81
v3.24.0.1
Property and Equipment, Net - Narrative (Detail) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Property, Plant and Equipment [Line Items]      
Depreciation expense $ 203 $ 275 $ 263
Related Party | Air Transportation Equipment      
Property, Plant and Equipment [Line Items]      
Purchase price of aircraft     24
Related Party | Pleasanton, California      
Property, Plant and Equipment [Line Items]      
Leased property purchase     173
Carrying value of properties purchased     158
Difference between purchase price and carrying value of lease liability recorded as reduction to carrying value of properties purchased     $ 15
v3.24.0.1
Business Combinations - Narrative (Details) - USD ($)
shares in Thousands, $ in Millions
Dec. 21, 2021
Sep. 28, 2021
Mar. 09, 2021
Jan. 31, 2024
Jan. 31, 2023
Sep. 27, 2021
Business Acquisition [Line Items]            
Goodwill       $ 2,846 $ 2,840  
Carrying value       $ 248 $ 262  
VNDLY            
Business Acquisition [Line Items]            
Consideration paid for acquisition $ 473          
Increase in finite-lived intangible assets acquired $ 40          
Estimated useful life (in years) 7 years          
Goodwill $ 412          
VNDLY | Class A            
Business Acquisition [Line Items]            
Shares issued to employees upon acquisition (in shares) 152          
First percentage of shares issued 50.00%          
Second percentage of shares issued 50.00%          
Zimit, Inc.            
Business Acquisition [Line Items]            
Consideration transferred, including equity interest in acquiree held prior to combination   $ 76        
Cash paid to stockholders, warrant holders, and vested option holders   62        
Equity interest in aquiree, fair value   14        
Goodwill   67        
Carrying value           $ 2
Non-cash gain recognized   12        
Peakon ApS            
Business Acquisition [Line Items]            
Consideration paid for acquisition     $ 702      
Cash paid to stockholders, warrant holders, and vested option holders     684      
Increase in finite-lived intangible assets acquired     $ 171      
Estimated useful life (in years)     8 years      
Goodwill     $ 541      
Peakon ApS | Restricted Stock            
Business Acquisition [Line Items]            
Non-option equity instruments granted (in shares)     82      
Developed technology | VNDLY            
Business Acquisition [Line Items]            
Increase in finite-lived intangible assets acquired $ 27          
Estimated useful life (in years) 4 years          
Developed technology | Zimit, Inc.            
Business Acquisition [Line Items]            
Increase in finite-lived intangible assets acquired   $ 7        
Estimated useful life (in years)   4 years        
Developed technology | Peakon ApS            
Business Acquisition [Line Items]            
Increase in finite-lived intangible assets acquired     $ 94      
Estimated useful life (in years)     5 years      
Customer relationships | VNDLY            
Business Acquisition [Line Items]            
Increase in finite-lived intangible assets acquired $ 13          
Estimated useful life (in years) 13 years          
Customer relationships | Zimit, Inc.            
Business Acquisition [Line Items]            
Increase in finite-lived intangible assets acquired   $ 3        
Estimated useful life (in years)   13 years        
Customer relationships | Peakon ApS            
Business Acquisition [Line Items]            
Increase in finite-lived intangible assets acquired     $ 72      
Estimated useful life (in years)     13 years      
v3.24.0.1
Business Combinations - Assets and Liabilities Assumed (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Dec. 21, 2021
Mar. 09, 2021
Business Acquisition [Line Items]        
Goodwill $ 2,846 $ 2,840    
VNDLY        
Business Acquisition [Line Items]        
Cash     $ 23  
Acquisition-related intangible assets     40  
Goodwill     412  
Other assets     3  
Deferred tax liability     (3)  
Other liabilities     (2)  
Total     $ 473  
Peakon ApS        
Business Acquisition [Line Items]        
Acquisition-related intangible assets       $ 171
Goodwill       541
Other assets       35
Deferred tax liability       (20)
Other liabilities       (25)
Total       $ 702
v3.24.0.1
Business Combinations - Intangible Assets Acquired (Details) - USD ($)
$ in Millions
Dec. 21, 2021
Mar. 09, 2021
VNDLY    
Business Acquisition [Line Items]    
Estimated Fair Values $ 40  
Weighted-Average Useful Lives (in Years) 7 years  
VNDLY | Developed technology    
Business Acquisition [Line Items]    
Estimated Fair Values $ 27  
Weighted-Average Useful Lives (in Years) 4 years  
VNDLY | Customer relationships    
Business Acquisition [Line Items]    
Estimated Fair Values $ 13  
Weighted-Average Useful Lives (in Years) 13 years  
Peakon ApS    
Business Acquisition [Line Items]    
Estimated Fair Values   $ 171
Weighted-Average Useful Lives (in Years)   8 years
Peakon ApS | Developed technology    
Business Acquisition [Line Items]    
Estimated Fair Values   $ 94
Weighted-Average Useful Lives (in Years)   5 years
Peakon ApS | Customer relationships    
Business Acquisition [Line Items]    
Estimated Fair Values   $ 72
Weighted-Average Useful Lives (in Years)   13 years
Peakon ApS | Backlog    
Business Acquisition [Line Items]    
Estimated Fair Values   $ 4
Weighted-Average Useful Lives (in Years)   3 years
Peakon ApS | Trade name    
Business Acquisition [Line Items]    
Estimated Fair Values   $ 1
Weighted-Average Useful Lives (in Years)   1 year
v3.24.0.1
Business Combinations - Consideration Transferred (Details) - Peakon ApS
$ in Millions
Mar. 09, 2021
USD ($)
Business Acquisition [Line Items]  
Cash paid to stockholders, warrant holders, and vested option holders $ 684
Transaction costs paid by Workday on behalf of acquired company 18
Total $ 702
v3.24.0.1
Acquisition-Related Intangible Assets, Net - Schedule of Acquired Assets (Detail) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Acquired Intangible Assets      
Finite-Lived Intangible Assets [Line Items]      
Intangible assets, gross $ 657 $ 682  
Less accumulated amortization (424) (376)  
Total 233 306  
Amortization of acquisition-related intangible assets 74 86 $ 78
Developed technology      
Finite-Lived Intangible Assets [Line Items]      
Intangible assets, gross 318 343  
Customer relationships      
Finite-Lived Intangible Assets [Line Items]      
Intangible assets, gross 311 311  
Backlog      
Finite-Lived Intangible Assets [Line Items]      
Intangible assets, gross 15 15  
Trade name      
Finite-Lived Intangible Assets [Line Items]      
Intangible assets, gross $ 13 $ 13  
v3.24.0.1
Acquisition-Related Intangible Assets, Net - Schedule of Future Amortization Expense (Detail) - Acquired Intangible Assets - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Rolling Maturity [Abstract]    
2025 $ 62  
2026 56  
2027 32  
2028 27  
2029 17  
Thereafter 39  
Total $ 233 $ 306
v3.24.0.1
Other Assets - Schedule of Other Assets (Detail) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Other Assets [Line Items]    
Non-marketable equity and other investments $ 248 $ 263
Contract assets 21 0
Derivative assets 14 22
Prepayments for goods and services 14 23
Deposits 8 6
Other 6 13
Total 337 348
Patented Technology and Other Intangible Assets, Net    
Other Assets [Line Items]    
Technology patents and other intangible assets, net $ 26 $ 21
v3.24.0.1
Other Assets - Summary of Future Estimated Amortization Expense Related to Technology Patents and Other Intangible Assets (Detail) - Patented Technology and Other Intangible Assets, Net - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Finite-Lived Intangible Assets [Line Items]    
2025 $ 4  
2026 3  
2027 3  
2028 3  
2029 3  
Thereafter 10  
Total $ 26 $ 21
v3.24.0.1
Derivative Instruments - Narrative (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Derivative [Line Items]    
Net gains on cash flow hedges estimated to be reclassified into income within the next 12 months $ 26  
Non-designated hedges | Long    
Derivative [Line Items]    
Derivative, notional amount 237 $ 235
Non-designated hedges | Short    
Derivative [Line Items]    
Derivative, notional amount 11 2
Cash flow hedges | Cash flow hedges | Long    
Derivative [Line Items]    
Derivative, notional amount 2,500 1,700
Cash flow hedges | Cash flow hedges | Short    
Derivative [Line Items]    
Derivative, notional amount $ 399 $ 324
Cash flow hedges | Cash flow hedges | Maximum    
Derivative [Line Items]    
Derivative, remaining maturity 60 months  
v3.24.0.1
Derivative Instruments - Fair Values of Outstanding Derivative Instruments (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Derivatives, Fair Value [Line Items]    
Derivative assets: $ 46 $ 65
Derivative liabilities: $ 27 $ 34
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Other assets, Prepaid expenses and other current assets Other assets, Prepaid expenses and other current assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other current liabilities, Other liabilities Accrued expenses and other current liabilities, Other liabilities
Non-designated hedges | Prepaid expenses and other current assets    
Derivatives, Fair Value [Line Items]    
Derivative assets: $ 2 $ 0
Non-designated hedges | Accrued expenses and other current liabilities    
Derivatives, Fair Value [Line Items]    
Derivative liabilities: 1 5
Cash flow hedges | Cash flow hedges | Prepaid expenses and other current assets    
Derivatives, Fair Value [Line Items]    
Derivative assets: 30 43
Cash flow hedges | Cash flow hedges | Other assets    
Derivatives, Fair Value [Line Items]    
Derivative assets: 14 22
Cash flow hedges | Cash flow hedges | Accrued expenses and other current liabilities    
Derivatives, Fair Value [Line Items]    
Derivative liabilities: 14 13
Cash flow hedges | Cash flow hedges | Other liabilities    
Derivatives, Fair Value [Line Items]    
Derivative liabilities: $ 12 $ 16
v3.24.0.1
Derivative Instruments - Schedule of Cash Flow Hedges On The Consolidated Statements of Operations (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]      
Revenues $ 7,259 $ 6,216 $ 5,139
Costs and expenses 7,076 6,438 5,255
Provision for (benefit from) income taxes (1,025) 107 (13)
Gains (losses) related to cash flow hedges 0 (6) 0
Revenues      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains (losses) related to cash flow hedges 62 17 (9)
Costs and expenses      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains (losses) related to cash flow hedges $ 1 $ (29) $ 0
v3.24.0.1
Derivative Instruments - Gains (Losses) Of Cash And Non-Designated Hedges (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]      
Gains (losses) recognized in OCI $ 16 $ 40 $ 63
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax 0 (6) 0
Revenues      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains (losses) reclassified from AOCI into income (effective portion) 62 17 (9)
Costs and expenses      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains (losses) reclassified from AOCI into income (effective portion) 1 (29) 0
Other income (expense), net      
Derivative Instruments, Gain (Loss) [Line Items]      
Gains (losses) related to non-designated hedges $ 5 $ 10 $ 7
v3.24.0.1
Derivative Instruments - Offsetting Assets (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Offsetting Assets [Line Items]    
Gross Amounts of Recognized Assets $ 46 $ 65
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Assets Presented on the Consolidated Balance Sheets 46  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (27)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Received 0  
Net Assets Exposed 19  
Counterparty A    
Offsetting Assets [Line Items]    
Gross Amounts of Recognized Assets 13  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Assets Presented on the Consolidated Balance Sheets 13  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (4)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Received 0  
Net Assets Exposed 9  
Counterparty B    
Offsetting Assets [Line Items]    
Gross Amounts of Recognized Assets 11  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Assets Presented on the Consolidated Balance Sheets 11  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (6)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Received 0  
Net Assets Exposed 5  
Counterparty C    
Offsetting Assets [Line Items]    
Gross Amounts of Recognized Assets 2  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Assets Presented on the Consolidated Balance Sheets 2  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (1)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Received 0  
Net Assets Exposed 1  
Counterparty D    
Offsetting Assets [Line Items]    
Gross Amounts of Recognized Assets 17  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Assets Presented on the Consolidated Balance Sheets 17  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (14)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Received 0  
Net Assets Exposed 3  
Counterparty E    
Offsetting Assets [Line Items]    
Gross Amounts of Recognized Assets 3  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Assets Presented on the Consolidated Balance Sheets 3  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (2)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Received 0  
Net Assets Exposed $ 1  
v3.24.0.1
Derivative Instruments - Offsetting Liabilities (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Offsetting Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities $ 27 $ 34
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Liabilities Presented on the Consolidated Balance Sheets 27  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (27)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Pledged 0  
Net Liabilities Exposed 0  
Counterparty A    
Offsetting Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities 4  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Liabilities Presented on the Consolidated Balance Sheets 4  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (4)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Pledged 0  
Net Liabilities Exposed 0  
Counterparty B    
Offsetting Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities 6  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Liabilities Presented on the Consolidated Balance Sheets 6  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (6)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Pledged 0  
Net Liabilities Exposed 0  
Counterparty C    
Offsetting Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities 1  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Liabilities Presented on the Consolidated Balance Sheets 1  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (1)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Pledged 0  
Net Liabilities Exposed 0  
Counterparty D    
Offsetting Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities 14  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Liabilities Presented on the Consolidated Balance Sheets 14  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (14)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Pledged 0  
Net Liabilities Exposed 0  
Counterparty E    
Offsetting Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities 2  
Gross Amounts Offset on the Consolidated Balance Sheets 0  
Net Amounts of Liabilities Presented on the Consolidated Balance Sheets 2  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Financial Instruments (2)  
Gross Amounts Not Offset in the Consolidated Balance Sheets, Cash Collateral Pledged 0  
Net Liabilities Exposed $ 0  
v3.24.0.1
Debt - Outstanding Debt (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Debt Instrument [Line Items]    
Long-term debt, gross $ 3,000 $ 3,000
Less: unamortized debt discount and issuance costs (20) (24)
Total principal amount 2,980 2,976
Debt, noncurrent 2,980 2,976
2027 Notes    
Debt Instrument [Line Items]    
Long-term debt, gross 1,000 1,000
2029 Notes    
Debt Instrument [Line Items]    
Long-term debt, gross 750 750
2032 Notes    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,250 $ 1,250
v3.24.0.1
Debt - Schedule of Repayments And Maturities Of Long-Term Debt (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Debt Disclosure [Abstract]    
2025 $ 0  
2026 0  
2027 0  
2028 1,000  
2029 0  
Thereafter 2,000  
Total principal amount $ 3,000 $ 3,000
v3.24.0.1
Debt - Narrative (Details)
$ / shares in Units, shares in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Apr. 30, 2022
USD ($)
Oct. 31, 2022
USD ($)
shares
Jan. 31, 2024
USD ($)
trading_day
$ / shares
shares
Jan. 31, 2023
USD ($)
shares
Dec. 31, 2020
USD ($)
Sep. 30, 2017
USD ($)
Debt Instrument [Line Items]            
Debt discount and issuance costs     $ 20,000,000 $ 24,000,000    
Senior Notes            
Debt Instrument [Line Items]            
Debt instrument, face amount $ 3,000,000,000          
Debt discount and issuance costs 27,000,000          
Estimated fair value     $ 2,800,000,000 2,800,000,000    
2027 Notes | Senior Notes            
Debt Instrument [Line Items]            
Debt instrument, face amount $ 1,000,000,000          
Contractual interest rate (percent) 3.50%          
Effective interest rate (percent)     3.67%      
2029 Notes | Senior Notes            
Debt Instrument [Line Items]            
Debt instrument, face amount $ 750,000,000          
Contractual interest rate (percent) 3.70%          
Effective interest rate (percent)     3.82%      
2032 Notes | Senior Notes            
Debt Instrument [Line Items]            
Debt instrument, face amount $ 1,250,000,000          
Contractual interest rate (percent) 3.80%          
Effective interest rate (percent)     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 $ 0    
Term Loan | Term Loan            
Debt Instrument [Line Items]            
Debt instrument, face amount         $ 750,000,000  
Payments of principal balance 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]            
Payments on convertible senior notes   $ 1,150,000,000        
Shares covered by each purchased option/warrant (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]            
Debt instrument, face amount           $ 1,150,000,000
Contractual interest rate (percent)           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        
2020 Notes | Convertible Debt | Class A            
Debt Instrument [Line Items]            
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 (percent)     0.00%      
Base Rate | Maximum | 2022 Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (percent)     0.50%      
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | 2022 Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (percent)     0.10%      
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Minimum | 2022 Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (percent)     0.75%      
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum | 2022 Credit Agreement            
Debt Instrument [Line Items]            
Basis spread on variable rate (percent)     1.50%      
v3.24.0.1
Debt - Schedule of Interest Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Debt Disclosure [Abstract]      
Contractual interest expense $ 110 $ 95 $ 13
Interest cost related to amortization and write-off of debt discount and issuance costs 4 7 4
Total interest expense $ 114 $ 102 $ 17
v3.24.0.1
Leases - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2022
Jan. 31, 2024
Jan. 31, 2023
Lessee, Lease, Description [Line Items]      
Operating lease right-of-use assets   $ 289 $ 249
Operating lease liabilities   316 $ 273
Operating lease, lease not yet commenced, payment   $ 91  
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)   9 years  
Pleasanton, California | Related Party      
Lessee, Lease, Description [Line Items]      
Purchase price from asset acquisition $ 173    
Operating lease, expense $ 2    
v3.24.0.1
Leases - Components of Lease Expense (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Leases [Abstract]      
Operating lease cost $ 109 $ 99 $ 93
Short-term lease cost 3 4 6
Variable lease cost 46 45 26
Total operating lease cost $ 158 $ 148 $ 125
v3.24.0.1
Leases - Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Leases [Abstract]      
Cash paid for operating lease liabilities $ 112 $ 94 $ 91
Operating lease right-of-use assets obtained in exchange for new operating lease liabilities $ 139 $ 96 $ 55
Weighted average remaining lease term (in years) 5 years 5 years  
Weighted average discount rate (percentage) 3.95% 2.79%  
v3.24.0.1
Leases - Maturities of Operating and Finance Lease Liabilities (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Operating Leases    
2025 $ 100  
2026 80  
2027 61  
2028 47  
2029 32  
Thereafter 39  
Total lease payments 359  
Less imputed interest (43)  
Total operating lease liabilities $ 316 $ 273
v3.24.0.1
Commitments and Contingencies (Detail)
$ in Millions
Jan. 31, 2024
USD ($)
Third-Party Hosted Infrastructure Platform Obligations  
Long-term Purchase Commitment [Line Items]  
2025 $ 180
2026 314
2027 358
2028 414
2029 591
Thereafter 0
Total 1,857
Other Purchase Obligations  
Long-term Purchase Commitment [Line Items]  
2025 120
2026 94
2027 71
2028 70
2029 50
Thereafter 58
Total $ 463
v3.24.0.1
Stockholders' Equity - Narrative (Detail)
$ / shares in Units, $ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Feb. 29, 2024
USD ($)
Dec. 31, 2022
$ / shares
shares
Jan. 31, 2023
USD ($)
shares
Jan. 31, 2024
USD ($)
vote
$ / shares
shares
Jan. 31, 2023
USD ($)
$ / shares
shares
Jan. 31, 2022
USD ($)
$ / shares
shares
Nov. 30, 2022
USD ($)
Jun. 30, 2022
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Unrecognized compensation cost | $       $ 0        
Total intrinsic value of the options exercised | $       $ 5 $ 41 $ 209    
Weighted-average remaining contractual life of exercisable options (in years)       4 years        
Number of shares purchased by employees (in shares)       1,000,000        
Common stock shares:                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Treasury stock repurchased (in shares)       1,849,000 450,000 0    
2022 Share Repurchase Program                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Stock repurchase program authorized amount | $             $ 500  
Term of share repurchase program (in months)       18 months        
Authorized remaining amount to be purchased | $       $ 2        
2022 Share Repurchase Program | Common stock shares:                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Treasury stock repurchased (in shares)       1,800,000 500,000      
Common stock repurchases under share repurchase program | $       $ 423 $ 75      
Average price per share (in dollars per share) | $ / shares       $ 228.67 $ 165.75      
2024 Share Repurchase Program | Subsequent Event                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Stock repurchase program authorized amount | $ $ 500              
Term of share repurchase program (in months) 18 months              
2022 Equity Incentive Plan                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Reserved for future issuance amount (in shares)               30,000,000
2012 Equity Incentive Plan (EIP)                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Common stock available for future grants (shares)       21,000,000        
Employee Stock Purchase Plan (ESPP)                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Common stock available for future grants (shares)       4,000,000        
Class A                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Common stock outstanding, net of treasury stock (in shares)       211,000,000        
Common stock outstanding (in shares)     203,354,000 210,674,000 203,354,000      
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)     54,637,000 53,188,000 54,637,000      
Common stock (votes per share) | vote       10        
Percent of shares of common stock less than 9% of the outstanding shares       9.00%        
Duration of time after death of Co-Founders until shares are converted (in months)       9 months        
ESPP                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Percentage of fair market value of stock at which employees are granted shares       85.00%        
Expected term (in years)       6 months 6 months 6 months    
Weighted average grant date fair value (in dollars per share) | $ / shares       $ 159.64        
Cash proceeds | $       $ 176        
Restricted Stock Units (RSU)                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting period (in years)       4 years        
Weighted average grant date fair value (in dollars per share) | $ / shares       $ 197.22 $ 200.98 $ 259.61    
Total grant-date fair value of units vested | $       $ 1,400 $ 977 $ 1,600    
Accelerated share-based compensation expense | $     $ 28          
Unrecognized compensation cost | $       $ 2,300        
Weighted-average period to be recognized (in months and years)       3 years        
Number of shares granted (in shares)       8,961,000        
Market-Based Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Weighted average grant date fair value (in dollars per share) | $ / shares   $ 124.80            
Unrecognized compensation cost | $       $ 19        
Weighted-average period to be recognized (in months and years)       4 years        
Expected volatility   40.00%            
Risk-free interest rate   4.00%            
Expected term (in years)   6 years            
Requisite service period (in years)   5 years            
Stock Options                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Vesting period (in years)       5 years        
Maximum exercise period (in years)       10 years        
Co-CEO | Market-Based Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of shares granted (in shares)   300,000            
Vesting March 15 2022 | Non-Executive Employees | Performance-based Restricted Stock Units                
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                
Number of shares granted (in shares)       0 0 400,000    
v3.24.0.1
Stockholders' Equity - Summary of Information Related to Restricted Stock Units Activity (Detail) - Restricted Stock Units (RSU) - $ / shares
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Restricted Stock Units      
Beginning balance, Number of Shares 14,099,000    
Restricted stock units granted, Number of Shares 8,961,000    
Restricted stock units vested, Number of Shares (6,489,000)    
Restricted stock units forfeited, Number of Shares (1,551,000)    
Ending balance, Number of Shares 15,020,000 14,099,000  
Weighted-Average Grant Date Fair Value      
Beginning Balance (in usd per share) $ 206.38    
Restricted stock units granted (in usd per share) 197.22 $ 200.98 $ 259.61
Restricted stock units vested (in usd per share) 201.71    
Restricted stock units forfeited (in usd per share) 196.93    
Ending Balance (in usd per share) $ 203.94 $ 206.38  
v3.24.0.1
Stockholders' Equity - Stock Options (Detail)
$ / shares in Units, $ in Millions
 12 Months Ended
Jan. 31, 2024
USD ($)
$ / shares
shares
Outstanding Stock Options  
Beginning balance (in shares) | shares 115,000
Stock options exercised (in shares) | shares (27,000)
Stock options canceled (in shares) | shares 0
Ending balance (in shares) | shares 88,000
Vested and expected to vest ( in shares) | shares 88,000
Exercisable (in shares) | shares 88,000
Weighted-Average Exercise Price  
Beginning balance (in usd per share) | $ / shares $ 30.36
Stock options exercised (in usd per share) | $ / shares 34.10
Stock options canceled (in usd per share) | $ / shares 0
Ending balance (in usd per share) | $ / shares 29.20
Vested and expected to vest, Weighted-Average Exercise Price (in usd per share) | $ / shares 29.20
Exercisable, Weighted-Average Exercise Price (in usd per share) | $ / shares $ 29.20
Beginning balance, Aggregate Intrinsic Value | $ $ 17
Ending balance, Aggregate Intrinsic Value | $ 23
Vested and expected to vest, Aggregate Intrinsic Value | $ 23
Exercisable, Aggregate Intrinsic Value | $ $ 23
v3.24.0.1
Stockholders' Equity - Assumptions Used for Periods Presented (Detail) - ESPP - $ / shares
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expected volatility, Minimum 31.50% 46.20% 30.40%
Expected volatility, Maximum 33.20% 48.50% 41.50%
Expected term (in years) 6 months 6 months 6 months
Risk-free interest rate, Minimum (percentage) 5.33% 1.63% 0.04%
Risk-free interest rate, Maximum (percentage) 5.44% 4.65% 0.10%
Dividend yield (percentage) 0.00% 0.00% 0.00%
Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Grant date fair value per share (in dollars per share) $ 215.31 $ 156.56 $ 225.70
Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Grant date fair value per share (in dollars per share) $ 272.92 $ 169.48 $ 260.86
v3.24.0.1
Contract Balances and Performance Obligations - Contract Assets and Unearned Revenue (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Contract assets:    
Contract assets, current $ 240 $ 160
Contract assets, noncurrent 21 0
Total contract assets 261 160
Unearned revenue:    
Unearned revenue, current 4,057 3,559
Unearned revenue, noncurrent 70 75
Total unearned revenue 4,127 3,634
Professional Services, Subject To Cancellation And Pro-Rated Refund Rights    
Unearned revenue:    
Total unearned revenue $ 76 $ 68
v3.24.0.1
Contract Balances and Performance Obligations - Narrative (Details) - USD ($)
$ in Billions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Revenue from Contract with Customer [Abstract]      
Subscription revenue recognized that was included in total unearned revenue balance at beginning of period $ 3.5 $ 3.0 $ 2.5
v3.24.0.1
Contract Balances and Performance Obligations - Transaction Price Allocated to the Remaining Performance Obligations (Details) - Subscription services
$ in Billions
Jan. 31, 2024
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue is expected to be recognized from remaining performance obligations for subscription contracts $ 20.9
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-01 | Minimum  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue is expected to be recognized from remaining performance obligations for subscription contracts $ 6.6
Recognition period (in months) 12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-01 | Maximum  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue is expected to be recognized from remaining performance obligations for subscription contracts $ 11.7
Recognition period (in months) 24 months
v3.24.0.1
Other Income (Expense), Net (Detail) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Other Income and Expenses [Abstract]      
Interest income $ 301 $ 97 $ 5
Interest expense (114) (102) (17)
Other (14) (33) 144
Total other income (expense), net $ 173 $ (38) $ 132
v3.24.0.1
Income Taxes - Components of Loss before Provision for (Benefit from) Income Taxes (Detail) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Income Tax Disclosure [Abstract]      
Domestic $ 465 $ (59) $ 309
Foreign (109) (201) (293)
Income (loss) before provision for (benefit from) income taxes $ 356 $ (260) $ 16
v3.24.0.1
Income Taxes - Summary of Provision for (Benefit from) for Income Taxes (Detail) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Current:      
Federal $ 2 $ 0 $ 0
State 19 14 1
Foreign 14 97 7
Total 35 111 8
Deferred:      
Federal (855) 1 (2)
State (207) 1 (1)
Foreign 2 (6) (18)
Total (1,060) (4) (21)
Provision for (benefit from) income taxes $ (1,025) $ 107 $ (13)
v3.24.0.1
Income Taxes - Reconciliation of Income Taxes Computed at Federal Statutory Income Tax Rate and Provision for (Benefit from) Income Taxes (Detail)
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Income Tax Disclosure [Abstract]      
Federal statutory rate 21.00% 21.00% 21.00%
Effect of:      
Foreign income at other than U.S. rates 10.90% (44.70%) 321.00%
Intercompany transactions (4.30%) 3.50% (158.20%)
Research tax credits (26.30%) 26.50% (447.70%)
State taxes, net of federal benefit 5.10% (4.70%) (0.70%)
Changes in valuation allowance (315.50%) (14.90%) 558.50%
Share-based compensation 19.10% (26.50%) (365.40%)
Permanent difference 1.20% (0.90%) 4.60%
Nontaxable gain on investment 0.00% 0.00% (15.70%)
Other 1.20% (0.40%) 1.00%
Total (287.60%) (41.10%) (81.60%)
v3.24.0.1
Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Detail) - USD ($)
$ in Thousands
Jan. 31, 2024
Jan. 31, 2023
Deferred tax assets:    
Unearned revenue $ 16,000 $ 11,000
Other reserves and accruals 47,000 61,000
Tax attributes carryforward 1,431,000 1,587,000
Capitalized research and development expense 367,000 255,000
Property and equipment 0 30,000
Share-based compensation 69,000 75,000
Intangibles 483,000 503,000
Operating lease liabilities 69,000 63,000
Other 16,000 15,000
Total deferred tax assets 2,498,000 2,600,000
Valuation allowance (1,182,000) (2,358,000)
Deferred tax assets, net of valuation allowance 1,316,000 242,000
Deferred tax liabilities:    
Deferred commissions (145,000) (127,000)
Operating lease right-of-use assets (62,000) (57,000)
Property and equipment (13,000) 0
Other (33,000) (47,000)
Total deferred tax liabilities (253,000) (231,000)
Net deferred tax assets $ 1,063,000 $ 11,000
v3.24.0.1
Income Taxes - Narrative (Detail) - USD ($)
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2021
Tax Credit Carryforward [Line Items]        
Valuation allowance $ 1,182,000,000 $ 2,358,000,000    
Increase (decrease) of valuation allowance on net deferred tax assets (1,200,000,000) 116,000,000    
Income tax examination, penalties and interest expense 0 0 $ 0  
Unrecognized tax benefits 253,000,000 $ 196,000,000 $ 174,000,000 $ 160,000,000
Unrecognized tax benefits that would impact effective tax rate 125,000,000      
Federal        
Tax Credit Carryforward [Line Items]        
Net operating loss carryforwards 1,700,000,000      
Federal | Research Tax Credit Carryforward        
Tax Credit Carryforward [Line Items]        
Tax credit carryforwards 387,000,000      
State        
Tax Credit Carryforward [Line Items]        
Net operating loss carryforwards 1,900,000,000      
State | Research Tax Credit Carryforward        
Tax Credit Carryforward [Line Items]        
Tax credit carryforwards 345,000,000      
Foreign        
Tax Credit Carryforward [Line Items]        
Net operating loss carryforwards $ 3,500,000,000      
v3.24.0.1
Income Taxes - Summary of Reconciliation of Gross Unrecognized Tax Benefit (Detail) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Unrecognized tax benefits at the beginning of the period $ 196 $ 174 $ 160
Additions for tax positions taken in prior years 30 1 0
Reductions for tax positions taken in prior years 0 0 (1)
Additions for tax positions related to the current year 27 21 15
Unrecognized tax benefits at the end of the period $ 253 $ 196 $ 174
v3.24.0.1
Net Income (Loss) Per Share - Summary of Basic and Diluted Net Income (Loss) Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Numerator:      
Net income (loss) $ 1,381 $ (367) $ 29
Denominator:      
Weighted-average shares outstanding, basic (in shares) 261,344 254,819 247,249
Weighted-average common shares outstanding, diluted (in shares) 265,285 254,819 254,032
Net income (loss) per share, basic (in dollars per share) $ 5.28 $ (1.44) $ 0.12
Net income (loss) per share, diluted (in dollars per share) $ 5.21 $ (1.44) $ 0.12
Class A      
Numerator:      
Net income (loss) $ 1,094 $ (288) $ 22
Reallocation of net income as a result of conversion of Class B to Class A common stock 287 0 7
Reallocation of net income to Class B common stock 0 0 0
Net income (loss) for diluted calculation $ 1,381 $ (288) $ 29
Denominator:      
Weighted-average shares outstanding, basic (in shares) 207,001 199,805 189,864
Conversion of Class B to Class A common stock (in shares) 54,343 0 57,385
Dilutive effect of share-based awards (in shares) 3,941 0 5,549
Dilutive effect of warrants related to the issuance of convertible senior notes (in shares) 0 0 1,234
Weighted-average common shares outstanding, diluted (in shares) 265,285 199,805 254,032
Net income (loss) per share, basic (in dollars per share) $ 5.28 $ (1.44) $ 0.12
Net income (loss) per share, diluted (in dollars per share) $ 5.21 $ (1.44) $ 0.12
Class B      
Numerator:      
Net income (loss) $ 287 $ (79) $ 7
Reallocation of net income as a result of conversion of Class B to Class A common stock 0 0 0
Reallocation of net income to Class B common stock (4) 0 0
Net income (loss) for diluted calculation $ 283 $ (79) $ 7
Denominator:      
Weighted-average shares outstanding, basic (in shares) 54,343 55,014 57,385
Conversion of Class B to Class A common stock (in shares) 0 0 0
Dilutive effect of share-based awards (in shares) 0 0 0
Dilutive effect of warrants related to the issuance of convertible senior notes (in shares) 0 0 0
Weighted-average common shares outstanding, diluted (in shares) 54,343 55,014 57,385
Net income (loss) per share, basic (in dollars per share) $ 5.28 $ (1.44) $ 0.12
Net income (loss) per share, diluted (in dollars per share) $ 5.21 $ (1.44) $ 0.12
v3.24.0.1
Net Income (Loss) Per Share - Summary of Diluted Net Income (Loss) Per Common Share (Details) - shares
shares in Thousands
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Total anti-dilutive securities (in shares) 2,206 28,398 9,253
Shares related to outstanding share-based awards      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Total anti-dilutive securities (in shares) 2,206 15,454 1,436
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 5,182 7,817
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 7,762 0
v3.24.0.1
Geographic Information - Summary of Revenues by Geographic Area (Detail)
$ in Millions
 12 Months Ended
Jan. 31, 2024
USD ($)
market
Jan. 31, 2023
USD ($)
Jan. 31, 2022
USD ($)
Disaggregation of Revenue [Line Items]      
Number of primary geographical markets | market 2    
Revenues $ 7,259 $ 6,216 $ 5,139
United States      
Disaggregation of Revenue [Line Items]      
Revenues 5,457 4,682 3,846
Other countries      
Disaggregation of Revenue [Line Items]      
Revenues $ 1,802 $ 1,534 $ 1,293
v3.24.0.1
Geographic Information - Long-Lived Assets (Details) - USD ($)
$ in Millions
Jan. 31, 2024
Jan. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets $ 1,523 $ 1,450
United States    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets 1,199 1,206
Ireland    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets 213 159
Other countries    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Total long-lived assets $ 111 $ 85
v3.24.0.1
401(k) Plan (Detail) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2022
Retirement Benefits [Abstract]      
Contributions by employer $ 64 $ 57 $ 46
v3.24.0.1
Subsequent Event (Details) - Subsequent Event - 2024 Share Repurchase Program
$ in Millions
 1 Months Ended
Feb. 29, 2024
USD ($)
Subsequent Event [Line Items]  
Stock repurchase program authorized amount $ 500
Term of share repurchase program (in months) 18 months