Palo Alto Networks(NASDAQ:PANW)
Palo Alto Networks, Inc. provides cybersecurity platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances and software deployed on an end-customer's network as a virtual or a physical appliance; and vir...
Website: http://www.paloaltonetworks.com
Founded: 2005
Full Time Employees: 12,561 (Jul 2022)
Founder: Nir Zuk
CEO: Nikesh Arora
Sector: Technology
Industry: Software-Infrastructure
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At a glance:
- Platformization Drives Consolidation and Larger Deals: Palo Alto Networks continues to emphasize consolidating point security tools onto its integrated platforms (Strata, Prisma Cloud, Cortex), supporting larger multi-product transactions and improved customer stickiness.
- Next-Gen Security Demand Supported by AI and Cloud Trends: Enterprise security priorities—cloud migration, zero trust, and the rise of AI-related attack surfaces—remain supportive of demand for Palo Alto Networks’ network, cloud, and security operations offerings.
- Billings and RPO Are Key Indicators to Watch: Given the company’s mix of subscriptions and multi-year contracts, billings and remaining performance obligations (RPO) are important signals for growth momentum and customer commitment.
- Margin Profile Supported by Scale, but Mix Matters: Operating leverage and a higher software/subscription mix can support margins over time, though near-term profitability can be influenced by product mix, cloud platform investments, and sales incentives.
- Competitive Market with Ongoing Innovation Pressure: Palo Alto Networks competes across several categories (network security, CNAPP, XDR/SOAR) against large and specialized vendors, requiring continued product innovation and effective go-to-market execution.
Bull Thesis:
- Comprehensive Platform Dominance: Palo Alto Networks' integrated platform strategy across network, cloud, and SOC (Strata, Prisma, Cortex) positions it as a leading, single-vendor solution provider in a fragmented cybersecurity market, driving larger deal sizes and customer consolidation.
- Strong Growth in Cloud Security: The rapid expansion of Prisma Cloud demonstrates the company's success in capturing market share in the high-growth cloud-native security segment, a critical area for enterprise digital transformation and a key growth engine.
- High Recurring Revenue and Customer Stickiness: A significant and growing portion of revenue derived from subscriptions and support services indicates strong customer retention, predictable revenue streams, and high switching costs for clients, ensuring long-term stability.
- AI/ML-Driven Innovation: Continuous investment and integration of AI and machine learning across its product portfolio enhance threat detection, automate security operations, and ensure the platform remains at the forefront of combating evolving cyber threats.
Bear Thesis:
- Intense Competition and Pricing Pressure: The highly competitive cybersecurity landscape, with numerous well-funded rivals (e.g., CrowdStrike, Zscaler, Fortinet, Microsoft), could lead to increased pricing pressure, slower market share gains, and higher customer acquisition costs for Palo Alto Networks.
- High Valuation and Profitability Scrutiny: Despite strong revenue growth, the company's premium valuation multiples may face scrutiny, especially if the pace of profitability expansion doesn't meet investor expectations amidst ongoing investments and market competition.
- Integration Challenges from Frequent Acquisitions: While strategic, the company's history of frequent acquisitions can present operational and technological integration challenges, potentially diverting resources and impacting product cohesion or time-to-market for new features.
- Macroeconomic Headwinds Impacting Enterprise Spending: A prolonged global economic slowdown could lead to enterprises delaying or reducing their cybersecurity investments, potentially impacting Palo Alto Networks' growth trajectory and deal closures, particularly for large, multi-year contracts.
Main Competitors:
- Fortinet ($FTNT) (FortiGate Next-Generation Firewalls, FortiSASE, FortiEDR), Fortinet is a primary competitor in the network security market, particularly with its FortiGate Next-Generation Firewalls, which directly challenge Palo Alto Networks' NGFW offerings. They also compete in the Secure Access Service Edge (SASE) market with FortiSASE and in endpoint security with FortiEDR, often positioning themselves as a cost-effective, high-performance alternative with a broad integrated security fabric.
- Zscaler ($ZS) (Zscaler Internet Access (ZIA), Zscaler Private Access (ZPA)), Zscaler is a leading competitor in the cloud-native security space, particularly in Secure Access Service Edge (SASE) and Security Service Edge (SSE). Their ZIA and ZPA platforms directly compete with Palo Alto Networks' Prisma SASE offerings by providing secure access to internet and private applications from anywhere, emphasizing a cloud-delivered, zero-trust approach.
- CrowdStrike ($CRWD) (Falcon Platform (Endpoint Protection, Cloud Security, Identity Protection)), CrowdStrike is a significant competitor in endpoint security, cloud security, and extended detection and response (XDR). Their Falcon platform directly competes with Palo Alto Networks' Cortex XDR and Prisma Cloud offerings by providing advanced threat detection, prevention, and response capabilities for endpoints, cloud workloads, and identity, often leveraging a single agent and cloud-native architecture.
- Microsoft ($MSFT) (Microsoft Defender, Azure Security, Microsoft Sentinel), Microsoft is a formidable competitor across a wide range of security domains, leveraging its vast enterprise footprint and cloud ecosystem. Its Microsoft Defender suite (for endpoint, identity, cloud apps), Azure Security solutions (for cloud infrastructure), and Microsoft Sentinel (SIEM/SOAR) directly compete with Palo Alto Networks' offerings in endpoint protection, cloud security, and security operations, often appealing to customers already invested in the Microsoft ecosystem with integrated and bundled solutions.
Moat:
Palo Alto Networks maintains a strong market position through its comprehensive, platform-centric approach to cybersecurity, integrating next-generation firewalls, cloud security, and security operations. Its moat is built on continuous innovation, a broad product portfolio, and advanced threat intelligence. However, the competitive landscape is highly dynamic and fragmented, with rivals specializing in specific domains like cloud-native SASE (Zscaler), endpoint and XDR (CrowdStrike), or traditional network security (Fortinet). Additionally, large ecosystem players like Microsoft pose a significant threat by offering integrated security suites that leverage their existing customer base and cloud infrastructure, forcing Palo Alto Networks to continually demonstrate superior technology and platform value.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2017-01-31 | 2016-10-31 | 2016-07-31 | 2016-04-30 | 2016-01-31 | 2015-10-31 | 2015-07-31 | 2015-04-30 | 2015-01-31 | 2014-10-31 | 2014-07-31 | 2014-04-30 | 2014-01-31 | 2013-10-31 | 2013-07-31 | 2013-04-30 | 2013-01-31 | 2012-10-31 | 2012-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
product | 514,000,000 | 434,000,000 | 573,900,000 | 452,700,000 | 421,500,000 | 353,800,000 | 480,500,000 | 391,000,000 | 390,700,000 | 341,100,000 | 507,400,000 | 388,100,000 | 352,900,000 | 330,000,000 | 408,100,000 | 351,500,000 | 308,000,000 | 295,500,000 | 339,400,000 | 288,900,000 | 254,700,000 | 237,300,000 | 305,600,000 | 280,900,000 | 246,500,000 | 231,200,000 | 305,700,000 | 278,400,000 | 271,600,000 | 240,500,000 | 267,600,000 | 215,200,000 | 202,200,000 | 186,500,000 | 212,300,000 | 164,200,000 | 168,800,000 | 163,800,000 | 191,100,000 | 162,100,000 | 169,900,000 | 147,700,000 | 154,037,000 | 121,524,000 | 115,621,000 | 101,476,000 | 99,707,000 | 84,128,000 | 80,823,000 | 75,485,000 | 65,456,000 | 60,793,000 | 61,944,000 | 55,514,000 | |
subscription and support | 2,080,000,000 | 2,040,000,000 | 1,962,400,000 | 1,836,300,000 | 1,835,900,000 | 1,785,000,000 | 1,709,000,000 | 1,593,800,000 | 1,584,400,000 | 1,537,000,000 | 1,445,900,000 | 1,332,800,000 | 1,302,200,000 | 1,233,400,000 | 1,142,400,000 | 1,035,200,000 | 1,008,900,000 | 951,900,000 | 879,900,000 | 785,000,000 | 762,200,000 | 708,700,000 | 644,800,000 | 588,500,000 | 570,200,000 | 540,700,000 | 500,100,000 | 448,200,000 | 439,600,000 | 415,500,000 | 390,500,000 | 351,900,000 | 340,200,000 | 319,000,000 | 296,800,000 | 267,600,000 | 253,800,000 | 234,300,000 | |||||||||||||||||
total revenue | 2,594,000,000 | 2,474,000,000 | 2,536,300,000 | 2,289,000,000 | 2,257,400,000 | 2,138,800,000 | 2,189,500,000 | 1,984,800,000 | 1,975,100,000 | 1,878,100,000 | 1,953,300,000 | 1,720,900,000 | 1,655,100,000 | 1,563,400,000 | 1,550,500,000 | 1,386,700,000 | 1,316,900,000 | 1,247,400,000 | 1,219,300,000 | 1,073,900,000 | 1,016,900,000 | 946,000,000 | 950,400,000 | 869,400,000 | 816,700,000 | 771,900,000 | 805,800,000 | 726,600,000 | 711,200,000 | 656,000,000 | 658,100,000 | 567,100,000 | 542,400,000 | 505,500,000 | 509,100,000 | 431,800,000 | 422,600,000 | 398,100,000 | 400,800,000 | 345,800,000 | 334,700,000 | 297,200,000 | 283,879,000 | 234,172,000 | 217,655,000 | 192,346,000 | 178,231,000 | 150,700,000 | 141,068,000 | 128,180,000 | 112,385,000 | 101,289,000 | 96,499,000 | 85,934,000 | |
yoy | 14.91% | 15.67% | 15.84% | 15.33% | 14.29% | 13.88% | 12.09% | 15.33% | 19.33% | 20.13% | 25.98% | 24.10% | 25.68% | 25.33% | 27.16% | 29.13% | 29.50% | 31.86% | 28.29% | 23.52% | 24.51% | 22.55% | 17.94% | 19.65% | 14.83% | 17.67% | 22.44% | 28.13% | 31.12% | 29.77% | 29.27% | 31.33% | 28.35% | 26.98% | 27.02% | 24.87% | 26.26% | 33.95% | 41.19% | 47.67% | 53.78% | 54.51% | 59.28% | 55.39% | 54.29% | 50.06% | 58.59% | 48.78% | 46.19% | 49.16% | |||||
qoq | 4.85% | -2.46% | 10.80% | 1.40% | 5.55% | -2.32% | 10.31% | 0.49% | 5.16% | -3.85% | 13.50% | 3.98% | 5.87% | 0.83% | 11.81% | 5.30% | 5.57% | 2.30% | 13.54% | 5.61% | 7.49% | -0.46% | 9.32% | 6.45% | 5.80% | -4.21% | 10.90% | 2.17% | 8.41% | -0.32% | 16.05% | 4.55% | 7.30% | -0.71% | 17.90% | 2.18% | 6.15% | -0.67% | 15.91% | 3.32% | 12.62% | 4.69% | 21.23% | 7.59% | 13.16% | 7.92% | 18.27% | 6.83% | 10.05% | 14.05% | 10.95% | 4.96% | 12.29% | ||
cost of revenue: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cost of revenue | 685,000,000 | 638,000,000 | 679,000,000 | 619,300,000 | 599,200,000 | 554,100,000 | 573,700,000 | 513,600,000 | 499,100,000 | 472,800,000 | 506,800,000 | 474,800,000 | 466,200,000 | 461,900,000 | 492,300,000 | 440,500,000 | 405,300,000 | 380,600,000 | 358,900,000 | 330,600,000 | 307,600,000 | 277,800,000 | 290,400,000 | 258,300,000 | 233,100,000 | 217,700,000 | 217,400,000 | 204,900,000 | 202,600,000 | 183,500,000 | 184,700,000 | 159,900,000 | 159,300,000 | 141,400,000 | 138,500,000 | 123,700,000 | 113,200,000 | 101,300,000 | 101,700,000 | 94,900,000 | 94,200,000 | 79,200,000 | 74,318,000 | 64,395,000 | 59,325,000 | 53,461,000 | 48,607,000 | 39,710,000 | 37,504,000 | 33,807,000 | 30,258,000 | 27,690,000 | 27,618,000 | 24,190,000 | |
total gross profit | 1,909,000,000 | 1,836,000,000 | 1,857,300,000 | 1,669,700,000 | 1,658,200,000 | 1,584,700,000 | 1,615,800,000 | 1,471,200,000 | 1,476,000,000 | 1,405,300,000 | 1,446,500,000 | 1,246,100,000 | 1,188,900,000 | 1,101,500,000 | 1,058,200,000 | 946,200,000 | 911,600,000 | 866,800,000 | 860,400,000 | 743,300,000 | 709,300,000 | 668,200,000 | 660,000,000 | 611,100,000 | 583,600,000 | 554,200,000 | 588,400,000 | 521,700,000 | 508,600,000 | 472,500,000 | 473,400,000 | 407,200,000 | 383,100,000 | 364,100,000 | 370,600,000 | 308,100,000 | 309,400,000 | 296,800,000 | 299,100,000 | 250,900,000 | 240,500,000 | 218,000,000 | 209,561,000 | 169,777,000 | 158,330,000 | 138,885,000 | 129,624,000 | 110,990,000 | 103,564,000 | 94,373,000 | 82,127,000 | 73,599,000 | 68,881,000 | 61,744,000 | |
yoy | 15.12% | 15.86% | 14.95% | 13.49% | 12.34% | 12.77% | 11.70% | 18.06% | 24.15% | 27.58% | 36.69% | 31.70% | 30.42% | 27.08% | 22.99% | 27.30% | 28.52% | 29.72% | 30.36% | 21.63% | 21.54% | 20.57% | 12.17% | 17.14% | 14.75% | 17.29% | 24.29% | 28.12% | 32.76% | 29.77% | 27.74% | 32.16% | 23.82% | 22.68% | 23.91% | 22.80% | 28.65% | 36.15% | 42.73% | 47.78% | 51.90% | 56.96% | 61.67% | 52.97% | 52.88% | 47.17% | 57.83% | 50.80% | 50.35% | 52.85% | |||||
qoq | 3.98% | -1.15% | 11.24% | 0.69% | 4.64% | -1.92% | 9.83% | -0.33% | 5.03% | -2.85% | 16.08% | 4.81% | 7.93% | 4.09% | 11.84% | 3.80% | 5.17% | 0.74% | 15.75% | 4.79% | 6.15% | 1.24% | 8.00% | 4.71% | 5.30% | -5.81% | 12.79% | 2.58% | 7.64% | -0.19% | 16.26% | 6.29% | 5.22% | -1.75% | 20.29% | -0.42% | 4.25% | -0.77% | 19.21% | 4.32% | 10.32% | 4.03% | 23.43% | 7.23% | 14.00% | 7.14% | 16.79% | 7.17% | 9.74% | 14.91% | 11.59% | 6.85% | 11.56% | ||
gross margin % | 73.59% | 74.21% | 73.23% | 72.94% | 73.46% | 74.09% | 73.80% | 74.12% | 74.73% | 74.83% | 74.05% | 72.41% | 71.83% | 70.46% | 68.25% | 68.23% | 69.22% | 69.49% | 70.57% | 69.22% | 69.75% | 70.63% | 69.44% | 70.29% | 71.46% | 71.80% | 73.02% | 71.80% | 71.51% | 72.03% | 71.93% | 71.80% | 70.63% | 72.03% | 72.80% | 71.35% | 73.21% | 74.55% | 74.63% | 72.56% | 71.86% | 73.35% | 73.82% | 72.50% | 72.74% | 72.21% | 72.73% | 73.65% | 73.41% | 73.63% | 73.08% | 72.66% | 71.38% | 71.85% | |
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 511,000,000 | 528,000,000 | 503,500,000 | 494,500,000 | 505,700,000 | 480,400,000 | 494,800,000 | 457,200,000 | 447,900,000 | 409,500,000 | 414,400,000 | 413,700,000 | 404,100,000 | 371,800,000 | 363,800,000 | 355,400,000 | 359,000,000 | 339,500,000 | 325,300,000 | 311,000,000 | 266,700,000 | 237,400,000 | 215,900,000 | 196,300,000 | 185,400,000 | 170,500,000 | 158,700,000 | 139,100,000 | 128,300,000 | 113,400,000 | 110,300,000 | 99,600,000 | 96,600,000 | 94,200,000 | 87,300,000 | 86,000,000 | 89,900,000 | 84,600,000 | 76,500,000 | 74,000,000 | 74,000,000 | 59,700,000 | 53,089,000 | 48,486,000 | 46,948,000 | 37,305,000 | 32,830,000 | 27,837,000 | 24,253,000 | 19,893,000 | 17,627,000 | 16,048,000 | 15,495,000 | 13,312,000 | |
sales and marketing | 823,000,000 | 820,000,000 | 829,300,000 | 792,500,000 | 758,300,000 | 720,100,000 | 742,300,000 | 718,700,000 | 673,000,000 | 660,500,000 | 664,000,000 | 639,500,000 | 625,500,000 | 615,000,000 | 570,600,000 | 543,600,000 | 528,800,000 | 505,900,000 | 489,800,000 | 448,000,000 | 427,400,000 | 388,600,000 | 391,200,000 | 388,400,000 | 374,900,000 | 365,700,000 | 370,400,000 | 339,000,000 | 320,000,000 | 314,600,000 | 297,800,000 | 277,100,000 | 265,000,000 | 258,500,000 | 245,400,000 | 226,900,000 | 226,700,000 | 220,300,000 | 228,100,000 | 202,000,000 | 187,600,000 | 158,300,000 | 162,429,000 | 131,026,000 | 122,875,000 | 106,366,000 | 106,668,000 | 83,995,000 | 76,734,000 | 67,366,000 | 59,635,000 | 51,733,000 | 45,796,000 | 42,607,000 | |
general and administrative | 178,000,000 | 179,000,000 | 27,300,000 | 163,900,000 | 153,800,000 | 97,700,000 | 140,300,000 | 118,600,000 | 301,500,000 | 120,100,000 | 114,600,000 | 114,200,000 | 119,400,000 | 99,500,000 | 108,400,000 | 94,800,000 | 97,700,000 | 104,100,000 | 105,700,000 | 94,700,000 | 104,000,000 | 86,700,000 | 70,700,000 | 82,900,000 | 76,200,000 | 69,800,000 | 69,200,000 | 62,300,000 | 53,700,000 | 76,600,000 | 56,700,000 | 82,100,000 | 53,300,000 | 65,700,000 | 65,200,000 | 44,300,000 | 47,200,000 | 41,800,000 | 39,900,000 | 33,500,000 | 34,200,000 | 30,800,000 | 28,576,000 | 26,989,000 | 27,023,000 | 18,977,000 | 15,574,000 | 23,717,000 | 39,733,000 | 14,125,000 | 11,748,000 | 12,268,000 | 9,747,000 | 8,956,000 | |
total operating expenses | 1,512,000,000 | 1,527,000,000 | 1,360,100,000 | 1,450,900,000 | 1,417,800,000 | 1,298,200,000 | 1,377,400,000 | 1,294,500,000 | 1,422,400,000 | 1,190,100,000 | 1,193,000,000 | 1,167,400,000 | 1,149,000,000 | 1,086,300,000 | 1,042,800,000 | 993,800,000 | 985,500,000 | 949,500,000 | 920,800,000 | 853,700,000 | 798,100,000 | 712,700,000 | 677,800,000 | 667,600,000 | 636,500,000 | 606,000,000 | 598,300,000 | 540,400,000 | 502,000,000 | 504,600,000 | 464,800,000 | 458,800,000 | 414,900,000 | 418,400,000 | 397,900,000 | 357,200,000 | 363,800,000 | 346,700,000 | 344,500,000 | 309,500,000 | 295,800,000 | 248,800,000 | 244,094,000 | 206,501,000 | 196,846,000 | 162,648,000 | 155,072,000 | 256,722,000 | 140,720,000 | 101,384,000 | 89,010,000 | 80,049,000 | 71,038,000 | 64,875,000 | |
operating income | 397,000,000 | 309,000,000 | 497,200,000 | 218,800,000 | 240,400,000 | 286,500,000 | 238,400,000 | 176,700,000 | 53,600,000 | 215,200,000 | 253,500,000 | 78,700,000 | 39,900,000 | 15,200,000 | 15,400,000 | -47,600,000 | -73,900,000 | -82,700,000 | -60,400,000 | -110,400,000 | -88,800,000 | -44,500,000 | -17,800,000 | -56,500,000 | -52,900,000 | -51,800,000 | -9,900,000 | -18,700,000 | 6,600,000 | -32,100,000 | 8,600,000 | -51,600,000 | -31,800,000 | -54,300,000 | -27,300,000 | -49,100,000 | -54,400,000 | -49,900,000 | -45,400,000 | -58,600,000 | -55,300,000 | -30,800,000 | -34,533,000 | -36,724,000 | -38,516,000 | -23,763,000 | -25,448,000 | -145,732,000 | -37,156,000 | -7,011,000 | -6,883,000 | -6,450,000 | -2,157,000 | -3,131,000 | |
yoy | 65.14% | 7.85% | 108.56% | 23.83% | 348.51% | 33.13% | -5.96% | 124.52% | 34.34% | 1315.79% | 1546.10% | -265.34% | -153.99% | -118.38% | -125.50% | -56.88% | -16.78% | 85.84% | 239.33% | 95.40% | 67.86% | -14.09% | 79.80% | 202.14% | -901.52% | 61.37% | -215.12% | -63.76% | -120.75% | -40.88% | -131.50% | 5.09% | -41.54% | 8.82% | -39.87% | -16.21% | -1.63% | 62.01% | 31.47% | 59.57% | 43.58% | 29.61% | 35.70% | -74.80% | 3.66% | 238.94% | 269.72% | 2159.41% | 1622.58% | 123.92% | |||||
qoq | 28.48% | -37.85% | 127.24% | -8.99% | -16.09% | 20.18% | 34.92% | 229.66% | -75.09% | -15.11% | 222.11% | 97.24% | 162.50% | -1.30% | -132.35% | -35.59% | -10.64% | 36.92% | -45.29% | 24.32% | 99.55% | 150.00% | -68.50% | 6.81% | 2.12% | 423.23% | -47.06% | -383.33% | -120.56% | -473.26% | -116.67% | 62.26% | -41.44% | 98.90% | -44.40% | -9.74% | 9.02% | 9.91% | -22.53% | 5.97% | 79.55% | -10.81% | -5.97% | -4.65% | 62.08% | -6.62% | -82.54% | 292.22% | 429.97% | 1.86% | 6.71% | 199.03% | -31.11% | ||
operating margin % | 15.30% | 12.49% | 19.60% | 9.56% | 10.65% | 13.40% | 10.89% | 8.90% | 2.71% | 11.46% | 12.98% | 4.57% | 2.41% | 0.97% | 0.99% | -3.43% | -5.61% | -6.63% | -4.95% | -10.28% | -8.73% | -4.70% | -1.87% | -6.50% | -6.48% | -6.71% | -1.23% | -2.57% | 0.93% | -4.89% | 1.31% | -9.10% | -5.86% | -10.74% | -5.36% | -11.37% | -12.87% | -12.53% | -11.33% | -16.95% | -16.52% | -10.36% | -12.16% | -15.68% | -17.70% | -12.35% | -14.28% | -96.70% | -26.34% | -5.47% | -6.12% | -6.37% | -2.24% | -3.64% | |
interest expense | -200,000 | -700,000 | -900,000 | -1,200,000 | -300,000 | -2,300,000 | -2,800,000 | -2,900,000 | -5,700,000 | -7,800,000 | -6,900,000 | -6,800,000 | -6,900,000 | -6,800,000 | -6,800,000 | -6,900,000 | -41,400,000 | -41,000,000 | -40,700,000 | -40,200,000 | -31,400,000 | -19,400,000 | -19,000,000 | -18,900,000 | -20,000,000 | -20,600,000 | -20,600,000 | -22,700,000 | -10,400,000 | -6,500,000 | -6,400,000 | -6,300,000 | -6,200,000 | -6,200,000 | -6,100,000 | -6,000,000 | -6,000,000 | -5,800,000 | -5,800,000 | -5,800,000 | -5,666,000 | -5,631,000 | -5,539,000 | -5,489,000 | |||||||||||
other income | 152,000,000 | 103,000,000 | 94,800,000 | 92,400,000 | 85,300,000 | 83,300,000 | 80,900,000 | 76,800,000 | 84,700,000 | 70,300,000 | 68,700,000 | 60,100,000 | 51,400,000 | 26,000,000 | 8,800,000 | 1,900,000 | -100,000 | -1,600,000 | -500,000 | 1,000,000 | -500,000 | 2,400,000 | 800,000 | 8,100,000 | 10,800,000 | 16,200,000 | 16,200,000 | 18,200,000 | 16,000,000 | 13,000,000 | 10,200,000 | 8,600,000 | 4,900,000 | 4,800,000 | 2,900,000 | 2,100,000 | 2,700,000 | 2,500,000 | 2,700,000 | 1,000,000 | 2,500,000 | 2,200,000 | -346,000 | -55,000 | 344,000 | 341,000 | -4,941,000 | 145,000 | 237,000 | ||||||
income before income taxes | 549,000,000 | 412,000,000 | 591,800,000 | 310,500,000 | 324,800,000 | 368,600,000 | 319,000,000 | 251,200,000 | 135,500,000 | 282,600,000 | 316,500,000 | 131,000,000 | 84,400,000 | 34,400,000 | 17,300,000 | -52,500,000 | -80,800,000 | -91,200,000 | -102,300,000 | -150,400,000 | -130,000,000 | -82,300,000 | -48,400,000 | -67,800,000 | -61,100,000 | -54,500,000 | -13,700,000 | -21,100,000 | 2,000,000 | -41,800,000 | 8,400,000 | -49,500,000 | -33,300,000 | -55,800,000 | -30,600,000 | -53,200,000 | -57,800,000 | -53,400,000 | -48,700,000 | -63,400,000 | -58,600,000 | -34,400,000 | -40,545,000 | -42,410,000 | -43,711,000 | -28,911,000 | -32,891,000 | -145,315,000 | -37,340,000 | -6,614,000 | -6,878,000 | -6,474,000 | -2,101,000 | -3,203,000 | |
provision for income taxes | 117,000,000 | 78,000,000 | 338,000,000 | 48,400,000 | 57,500,000 | 17,900,000 | -38,700,000 | -27,600,000 | -1,611,400,000 | 88,400,000 | 88,800,000 | 23,200,000 | 200,000 | 14,400,000 | 14,000,000 | 20,700,000 | 12,700,000 | 12,400,000 | 17,000,000 | -5,300,000 | 12,300,000 | 9,900,000 | 10,500,000 | 7,000,000 | 12,600,000 | 5,100,000 | -3,500,000 | 1,750,000 | -2,800,000 | 1,600,000 | 8,200,000 | 3,725,000 | 7,700,000 | 3,900,000 | 4,300,000 | 5,426,000 | 3,525,000 | 1,157,000 | 2,606,000 | 408,000 | 808,000 | 512,000 | 312,000 | ||||||||||||
net income | 432,000,000 | 334,000,000 | 253,800,000 | 262,100,000 | 267,300,000 | 350,700,000 | 357,700,000 | 278,800,000 | 1,746,900,000 | 194,200,000 | 227,700,000 | 107,800,000 | 84,200,000 | 20,000,000 | 3,300,000 | -73,200,000 | -93,500,000 | -103,600,000 | -119,300,000 | -145,100,000 | -142,300,000 | -92,200,000 | -58,900,000 | -74,800,000 | -73,700,000 | -59,600,000 | -20,800,000 | -20,200,000 | -2,600,000 | -38,300,000 | -2,300,000 | -46,700,000 | -34,900,000 | -64,000,000 | -38,200,000 | -60,900,000 | -60,600,000 | -61,800,000 | -54,500,000 | -70,200,000 | -62,500,000 | -38,700,000 | -45,971,000 | -45,935,000 | -43,008,000 | -30,068,000 | -32,058,000 | -146,587,000 | -39,946,000 | -7,861,000 | -15,836,000 | -7,282,000 | -2,613,000 | -3,515,000 | |
yoy | 61.62% | -4.76% | -29.05% | -5.99% | -84.70% | 80.59% | 57.09% | 158.63% | 1974.70% | 871.00% | 6800.00% | -247.27% | -190.05% | -119.31% | -102.77% | -49.55% | -34.29% | 12.36% | 102.55% | 93.98% | 93.08% | 54.70% | 183.17% | 270.30% | 2734.62% | 55.61% | 804.35% | -56.75% | -92.55% | -40.16% | -93.98% | -23.32% | -42.41% | 3.56% | -29.91% | -13.25% | -3.04% | 59.69% | 18.55% | 52.82% | 45.32% | 28.71% | 43.40% | -68.66% | 7.67% | 282.50% | 102.44% | 1913.00% | 1428.74% | 123.64% | |||||
qoq | 29.34% | 31.60% | -3.17% | -1.95% | -23.78% | -1.96% | 28.30% | -84.04% | 799.54% | -14.71% | 111.22% | 28.03% | 321.00% | 506.06% | -104.51% | -21.71% | -9.75% | -13.16% | -17.78% | 1.97% | 54.34% | 56.54% | -21.26% | 1.49% | 23.66% | 186.54% | 2.97% | 676.92% | -93.21% | 1565.22% | -95.07% | 33.81% | -45.47% | 67.54% | -37.27% | 0.50% | -1.94% | 13.39% | -22.36% | 12.32% | 61.50% | -15.82% | 0.08% | 6.81% | 43.04% | -6.21% | -78.13% | 266.96% | 408.15% | -50.36% | 117.47% | 178.68% | -25.66% | ||
net income margin % | 16.65% | 13.50% | 10.01% | 11.45% | 11.84% | 16.40% | 16.34% | 14.05% | 88.45% | 10.34% | 11.66% | 6.26% | 5.09% | 1.28% | 0.21% | -5.28% | -7.10% | -8.31% | -9.78% | -13.51% | -13.99% | -9.75% | -6.20% | -8.60% | -9.02% | -7.72% | -2.58% | -2.78% | -0.37% | -5.84% | -0.35% | -8.23% | -6.43% | -12.66% | -7.50% | -14.10% | -14.34% | -15.52% | -13.60% | -20.30% | -18.67% | -13.02% | -16.19% | -19.62% | -19.76% | -15.63% | -17.99% | -97.27% | -28.32% | -6.13% | -14.09% | -7.19% | -2.71% | -4.09% | |
net income per share | 0.61 | 0.49 | 0.38 | 0.39 | 0.41 | 1.07 | 1.08 | 0.86 | 5.47 | 0.63 | 0.75 | 0.35 | 0.28 | 0.07 | 0.04 | -0.74 | -0.95 | -1.06 | -1.23 | -1.5 | -1.48 | -0.97 | -0.62 | -0.77 | -0.75 | -0.62 | -0.22 | -0.21 | -0.03 | -0.41 | -0.02 | -0.51 | -0.38 | -0.7 | -0.42 | -0.67 | -0.67 | -0.69 | -0.61 | -0.8 | -0.72 | -0.45 | -0.55 | -0.56 | -0.53 | -0.38 | -0.39 | -1.96 | -0.55 | -0.11 | -0.04 | -0.05 | |||
weighted-average shares used for eps calculation | 704 | 679 | 662.5 | 665.1 | 659.3 | 326.8 | 319.2 | 322.9 | 319.6 | 310.1 | 303.2 | 303.9 | 302.3 | 299.8 | 98.5 | 98.9 | 98.2 | 97.6 | 96.4 | 96.9 | 95.9 | 95.5 | 96.9 | 96.7 | 98.3 | 96.6 | 94.5 | 94.4 | 94 | 93.8 | 91.7 | 91.9 | 91.1 | 90.9 | 90.6 | 91 | 90.7 | 89.8 | 87.1 | 87.8 | 86.6 | 85.1 | 81,619 | 82,320 | 80,824 | 79,388 | 74,291 | 74,967 | 72,854 | 71,681 | 68,682 | 67,651 | 66,813 | ||
benefit from income taxes | 50,000 | -900,000 | 4,600,000 | 2,800,000 | 8,400,000 | 5,800,000 | 6,800,000 | -703,000 | -833,000 | 1,272,000 | 1,247,000 | ||||||||||||||||||||||||||||||||||||||||||||
services | 209,700,000 | 183,700,000 | 164,800,000 | 149,500,000 | 129,842,000 | 112,648,000 | 102,034,000 | 90,870,000 | 78,524,000 | 66,572,000 | 60,245,000 | 52,695,000 | 46,929,000 | 40,496,000 | 34,555,000 | 30,420,000 | |||||||||||||||||||||||||||||||||||||||
legal settlement | 121,173,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 154,750 | 272,000 | 187,000 | 160,000 | 137,000 | 133,000 | 116,000 | 98,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other expense | -371,000 | -96,750 | -157,000 | -60,000 | -170,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -39,946,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | -7,861,000 | -2,613,000 | -3,515,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -3,352,500 | -7,282,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | -3,352,500 | -7,282,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | 0.61 | 0.49 | 0.38 | 0.39 | 0.41 | 1.07 | 1.08 | 0.86 | 5.47 | 0.63 | 0.75 | 0.35 | 0.28 | 0.07 | 0.04 | -0.74 | -0.95 | -1.06 | -1.23 | -1.5 | -1.48 | -0.97 | -0.62 | -0.77 | -0.75 | -0.62 | -0.22 | -0.21 | -0.03 | -0.41 | -0.02 | -0.51 | -0.38 | -0.7 | -0.42 | -0.67 | -0.67 | -0.69 | -0.61 | -0.8 | -0.72 | -0.45 | -0.55 | -0.56 | -0.53 | -0.38 | -0.39 | -1.96 | -0.55 | -0.11 | -0.04 | -0.05 | |||
basic | -0.05 | -0.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | -0.05 | -0.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 704 | 679 | 662.5 | 665.1 | 659.3 | 326.8 | 319.2 | 322.9 | 319.6 | 310.1 | 303.2 | 303.9 | 302.3 | 299.8 | 98.5 | 98.9 | 98.2 | 97.6 | 96.4 | 96.9 | 95.9 | 95.5 | 96.9 | 96.7 | 98.3 | 96.6 | 94.5 | 94.4 | 94 | 93.8 | 91.7 | 91.9 | 91.1 | 90.9 | 90.6 | 91 | 90.7 | 89.8 | 87.1 | 87.8 | 86.6 | 85.1 | 81,619 | 82,320 | 80,824 | 79,388 | 74,291 | 74,967 | 72,854 | 71,681 | 68,682 | 67,651 | 66,813 | ||
basic | 69,575 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 69,575 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2017-01-31 | 2016-10-31 | 2016-07-31 | 2016-04-30 | 2016-01-31 | 2015-10-31 | 2015-07-31 | 2015-04-30 | 2015-01-31 | 2014-10-31 | 2014-07-31 | 2014-04-30 | 2014-01-31 | 2013-10-31 | 2013-07-31 | 2013-04-30 | 2013-01-31 | 2012-10-31 | 2012-07-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 4,158,000,000 | 3,066,000,000 | 2,268,600,000 | 2,383,400,000 | 2,226,300,000 | 2,282,800,000 | 1,535,200,000 | 1,373,700,000 | 1,782,500,000 | 2,491,400,000 | 1,135,300,000 | 1,992,900,000 | 1,346,300,000 | 2,067,200,000 | 2,118,500,000 | 2,419,900,000 | 1,922,700,000 | 2,272,900,000 | 1,874,200,000 | 1,886,100,000 | 2,113,200,000 | 2,142,000,000 | 2,958,000,000 | 1,484,700,000 | 2,000,000,000 | 1,263,700,000 | 961,400,000 | 1,314,900,000 | 1,127,800,000 | 1,784,400,000 | 2,506,900,000 | 949,000,000 | 915,000,000 | 842,600,000 | 744,300,000 | 692,000,000 | 761,400,000 | 839,400,000 | 734,400,000 | 550,000,000 | 413,200,000 | 275,800,000 | 375,814,000 | 454,123,000 | 342,983,000 | 543,747,000 | 653,812,000 | 234,790,000 | 261,867,000 | 266,182,000 | 310,614,000 | 213,664,000 | 187,924,000 | 174,473,000 | 322,642,000 |
short-term investments | 378,000,000 | 1,144,000,000 | 634,600,000 | 916,800,000 | 1,006,600,000 | 1,108,200,000 | 1,043,600,000 | 1,516,700,000 | 1,588,500,000 | 1,402,400,000 | 1,254,700,000 | 1,965,300,000 | 2,000,600,000 | 1,736,500,000 | 1,516,000,000 | 1,454,700,000 | 1,417,600,000 | 1,188,500,000 | 1,026,900,000 | 1,059,300,000 | 1,058,000,000 | 1,075,600,000 | 789,800,000 | 554,100,000 | 1,133,900,000 | 1,597,500,000 | 1,841,700,000 | 1,733,200,000 | 1,702,200,000 | 1,419,400,000 | 896,500,000 | 672,200,000 | 720,700,000 | 660,600,000 | 630,700,000 | 680,000,000 | 593,000,000 | 550,600,000 | 551,200,000 | 537,500,000 | 551,400,000 | 485,500,000 | 413,165,000 | 368,850,000 | 332,074,000 | 227,752,000 | 118,690,000 | 133,180,000 | 176,345,000 | 170,551,000 | 109,007,000 | 148,033,000 | 149,520,000 | 147,084,000 | |
accounts receivable | 2,116,000,000 | 1,343,000,000 | 2,965,000,000 | 1,950,000,000 | 1,495,500,000 | 1,132,900,000 | 2,618,600,000 | 1,715,400,000 | 1,896,300,000 | 1,413,000,000 | 2,463,200,000 | 1,443,600,000 | 1,278,100,000 | 1,238,100,000 | 2,142,500,000 | 1,240,600,000 | 952,200,000 | 812,100,000 | 1,240,400,000 | 766,800,000 | 669,200,000 | 675,500,000 | 1,037,100,000 | 668,800,000 | 540,300,000 | 499,200,000 | 582,400,000 | 407,500,000 | 415,000,000 | 382,300,000 | 467,300,000 | 361,800,000 | 365,100,000 | 350,800,000 | 432,100,000 | 364,100,000 | 386,100,000 | 346,500,000 | 348,700,000 | 267,600,000 | 254,400,000 | 196,400,000 | 212,366,000 | 150,523,000 | 135,251,000 | 116,224,000 | 135,518,000 | 114,789,000 | 86,090,000 | 91,439,000 | 87,461,000 | 91,489,000 | 68,586,000 | 56,369,000 | 45,642,000 |
short-term financing receivables | 672,000,000 | 737,000,000 | 714,600,000 | 737,300,000 | 754,900,000 | 805,100,000 | 725,900,000 | 572,300,000 | 445,500,000 | 445,900,000 | 388,800,000 | ||||||||||||||||||||||||||||||||||||||||||||
short-term deferred contract costs | 424,000,000 | 415,000,000 | 419,500,000 | 387,100,000 | 376,100,000 | 367,600,000 | 369,000,000 | 337,000,000 | 328,000,000 | 328,700,000 | 339,200,000 | 317,300,000 | 313,400,000 | 310,600,000 | 317,700,000 | 286,800,000 | 278,100,000 | 272,900,000 | 276,500,000 | ||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 621,000,000 | 605,000,000 | 520,500,000 | 524,400,000 | 480,400,000 | 546,100,000 | 557,400,000 | 403,700,000 | 405,900,000 | 396,200,000 | 466,800,000 | 694,500,000 | 467,400,000 | 381,100,000 | 320,200,000 | 295,600,000 | 298,000,000 | 292,700,000 | 229,300,000 | 428,700,000 | 435,400,000 | 407,800,000 | 344,300,000 | 306,400,000 | 304,000,000 | 289,400,000 | 279,300,000 | 261,900,000 | 242,500,000 | 229,100,000 | 261,300,000 | 222,500,000 | 209,400,000 | 185,500,000 | 169,200,000 | 159,100,000 | 139,900,000 | 129,400,000 | 84,800,000 | 91,100,000 | 88,100,000 | 82,200,000 | 72,685,000 | 67,013,000 | 51,196,000 | 45,844,000 | 50,306,000 | 33,686,000 | 30,985,000 | 24,160,000 | 22,617,000 | 19,538,000 | 20,644,000 | 16,813,000 | 13,373,000 |
total current assets | 8,369,000,000 | 7,310,000,000 | 7,522,800,000 | 6,899,000,000 | 6,339,800,000 | 6,242,700,000 | 6,849,700,000 | 5,918,800,000 | 6,446,700,000 | 6,477,600,000 | 6,048,000,000 | 6,413,600,000 | 5,405,800,000 | 5,733,500,000 | 6,414,900,000 | 5,697,600,000 | 4,868,600,000 | 4,839,100,000 | 4,647,300,000 | 4,140,900,000 | 4,275,800,000 | 4,300,900,000 | 5,129,200,000 | 3,014,000,000 | 3,978,200,000 | 3,649,800,000 | 3,664,800,000 | 3,717,500,000 | 3,487,500,000 | 3,815,200,000 | 4,132,000,000 | 2,205,500,000 | 2,210,200,000 | 2,039,500,000 | 1,976,300,000 | 1,895,200,000 | 1,880,400,000 | 1,865,900,000 | 1,719,100,000 | 1,446,200,000 | 1,307,100,000 | 1,039,900,000 | 1,074,030,000 | 1,040,509,000 | 861,504,000 | 933,567,000 | 958,326,000 | 516,445,000 | 555,287,000 | 552,332,000 | 529,699,000 | 472,724,000 | 426,674,000 | 394,739,000 | 381,657,000 |
property and equipment | 485,000,000 | 394,000,000 | 387,300,000 | 367,000,000 | 358,200,000 | 361,000,000 | 361,100,000 | 350,300,000 | 352,300,000 | 352,600,000 | 354,500,000 | 341,700,000 | 344,700,000 | 353,700,000 | 357,800,000 | 355,600,000 | 362,700,000 | 324,300,000 | 318,400,000 | 322,700,000 | 330,700,000 | 337,900,000 | 348,100,000 | 357,200,000 | 311,400,000 | 316,400,000 | 296,000,000 | 275,000,000 | 273,200,000 | 276,500,000 | 273,100,000 | 264,200,000 | 264,700,000 | 256,900,000 | 211,100,000 | 192,300,000 | 154,100,000 | 125,000,000 | 117,200,000 | 100,500,000 | 92,600,000 | 76,700,000 | 62,878,000 | 59,546,000 | 52,639,000 | 49,823,000 | 48,744,000 | 48,488,000 | 45,735,000 | 42,409,000 | 32,086,000 | 29,500,000 | 25,980,000 | 22,965,000 | 20,979,000 |
operating lease right-of-use assets | 368,000,000 | 353,000,000 | 347,000,000 | 357,300,000 | 372,900,000 | 389,000,000 | 385,900,000 | 369,700,000 | 355,800,000 | 274,300,000 | 263,300,000 | 248,300,000 | 251,100,000 | 260,400,000 | 242,000,000 | 239,900,000 | 238,800,000 | 251,800,000 | 262,900,000 | 258,700,000 | 252,100,000 | 251,200,000 | 258,700,000 | 263,800,000 | 270,000,000 | 282,600,000 | |||||||||||||||||||||||||||||
long-term investments | 3,362,000,000 | 5,982,000,000 | 5,555,600,000 | 5,152,300,000 | 4,559,800,000 | 4,119,700,000 | 4,173,200,000 | 3,504,400,000 | 3,619,600,000 | 2,988,900,000 | 3,047,900,000 | 2,709,800,000 | 2,820,600,000 | 2,094,700,000 | 1,051,900,000 | 714,700,000 | 851,000,000 | 898,800,000 | 888,300,000 | 885,400,000 | 857,100,000 | 873,200,000 | 554,400,000 | 151,200,000 | 317,900,000 | 467,600,000 | 575,400,000 | 669,900,000 | 808,600,000 | 565,500,000 | 547,500,000 | 592,900,000 | 722,300,000 | 777,400,000 | 789,300,000 | 719,100,000 | 790,500,000 | 708,400,000 | 652,800,000 | 682,900,000 | 631,100,000 | 694,500,000 | 538,841,000 | 408,465,000 | 463,908,000 | 289,011,000 | 201,880,000 | 103,902,000 | 63,105,000 | 33,642,000 | 17,314,000 | 29,767,000 | 30,871,000 | 20,567,000 | |
long-term financing receivables | 870,000,000 | 855,000,000 | 1,002,300,000 | 1,068,900,000 | 1,163,800,000 | 1,092,200,000 | 1,182,100,000 | 882,500,000 | 639,900,000 | 639,800,000 | 653,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
long-term deferred contract costs | 526,000,000 | 546,000,000 | 585,900,000 | 528,200,000 | 523,400,000 | 531,900,000 | 562,000,000 | 511,200,000 | 504,600,000 | 515,400,000 | 547,100,000 | 503,600,000 | 511,300,000 | 520,300,000 | 550,100,000 | 480,300,000 | 472,100,000 | 476,100,000 | 494,600,000 | ||||||||||||||||||||||||||||||||||||
goodwill | 6,931,000,000 | 4,567,000,000 | 4,566,600,000 | 4,050,800,000 | 4,050,800,000 | 4,050,800,000 | 3,350,100,000 | 3,372,700,000 | 3,372,700,000 | 2,926,800,000 | 2,926,800,000 | 2,926,800,000 | 2,912,300,000 | 2,747,700,000 | 2,747,700,000 | 2,731,300,000 | 2,731,300,000 | 2,732,300,000 | 2,710,100,000 | 2,713,100,000 | 2,583,500,000 | 1,968,600,000 | 1,812,900,000 | 1,812,900,000 | 1,511,700,000 | 1,400,400,000 | 1,352,300,000 | 1,027,300,000 | 636,400,000 | 636,400,000 | 522,800,000 | 522,200,000 | 238,800,000 | 238,800,000 | 238,800,000 | 238,800,000 | 163,500,000 | 163,500,000 | 163,500,000 | 163,500,000 | 163,500,000 | 163,500,000 | 163,522,000 | 155,402,000 | 155,402,000 | 155,033,000 | 155,033,000 | 155,086,000 | |||||||
intangible assets | 1,249,000,000 | 723,000,000 | 762,700,000 | 730,200,000 | 771,400,000 | 809,600,000 | 374,900,000 | 407,900,000 | 440,100,000 | 290,500,000 | 315,400,000 | 340,600,000 | 361,700,000 | 355,400,000 | 384,500,000 | 412,100,000 | 443,900,000 | 471,300,000 | 498,600,000 | 530,300,000 | 541,100,000 | 388,800,000 | 358,200,000 | 380,600,000 | 290,000,000 | 284,100,000 | 280,600,000 | 234,200,000 | 171,800,000 | 186,200,000 | 140,800,000 | 147,700,000 | 48,300,000 | 51,000,000 | 53,700,000 | 56,500,000 | 39,500,000 | 41,700,000 | 44,000,000 | 46,400,000 | 48,700,000 | 51,000,000 | 52,656,000 | 43,885,000 | 45,856,000 | 47,451,000 | 47,955,000 | 49,613,000 | |||||||
deferred tax assets | 2,392,000,000 | 2,416,000,000 | 2,424,200,000 | 2,452,200,000 | 2,446,900,000 | 2,397,500,000 | 2,399,000,000 | 2,291,900,000 | 2,234,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||
other assets | 427,000,000 | 390,000,000 | 421,800,000 | 396,900,000 | 364,700,000 | 380,200,000 | 352,900,000 | 321,400,000 | 326,000,000 | 342,600,000 | 344,800,000 | 686,100,000 | 555,900,000 | 478,100,000 | 504,700,000 | 468,500,000 | 432,100,000 | 432,700,000 | 421,400,000 | 711,000,000 | 648,100,000 | 605,900,000 | 603,900,000 | 522,100,000 | 504,900,000 | 423,900,000 | 423,100,000 | 337,900,000 | 330,000,000 | 321,700,000 | 206,800,000 | 175,800,000 | 143,200,000 | 122,900,000 | 169,100,000 | 148,200,000 | 146,600,000 | 102,000,000 | 64,600,000 | 67,500,000 | 73,600,000 | 68,800,000 | 73,251,000 | 76,625,000 | 93,475,000 | 65,471,000 | 66,528,000 | 6,853,000 | 24,899,000 | 11,560,000 | 6,507,000 | 6,786,000 | 6,624,000 | 6,026,000 | 5,168,000 |
total assets | 24,979,000,000 | 23,536,000,000 | 23,576,200,000 | 22,002,800,000 | 20,951,700,000 | 20,374,600,000 | 19,990,900,000 | 17,930,800,000 | 18,292,000,000 | 14,808,500,000 | 14,501,100,000 | 14,170,500,000 | 13,163,400,000 | 12,543,800,000 | 12,253,600,000 | 11,100,000,000 | 10,400,500,000 | 10,426,400,000 | 10,241,600,000 | 9,562,100,000 | 9,488,400,000 | 8,726,500,000 | 9,065,400,000 | 6,501,800,000 | 7,184,100,000 | 6,824,800,000 | 6,592,200,000 | 6,261,800,000 | 5,707,500,000 | 5,801,500,000 | 5,823,000,000 | 3,908,300,000 | 3,627,500,000 | 3,486,500,000 | 3,438,300,000 | 3,250,100,000 | 3,174,600,000 | 3,006,500,000 | 2,761,200,000 | 2,507,000,000 | 2,316,600,000 | 2,094,400,000 | 1,965,178,000 | 1,784,432,000 | 1,672,784,000 | 1,540,356,000 | 1,478,466,000 | 880,387,000 | 689,026,000 | 639,943,000 | 585,606,000 | 538,777,000 | 490,149,000 | 444,297,000 | 407,804,000 |
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 262,000,000 | 223,000,000 | 232,200,000 | 234,800,000 | 149,300,000 | 211,600,000 | 116,300,000 | 108,900,000 | 178,800,000 | 131,800,000 | 132,300,000 | 91,600,000 | 128,300,000 | 125,900,000 | 128,000,000 | 108,000,000 | 120,400,000 | 95,300,000 | 56,900,000 | 71,800,000 | 44,700,000 | 48,500,000 | 63,600,000 | 52,300,000 | 55,400,000 | 74,700,000 | 73,300,000 | 68,600,000 | 27,900,000 | 43,000,000 | 49,400,000 | 32,700,000 | 33,400,000 | 38,800,000 | 35,500,000 | 33,200,000 | 28,000,000 | 29,200,000 | 30,200,000 | 24,300,000 | 32,500,000 | 17,500,000 | 13,204,000 | 14,661,000 | 14,001,000 | 10,497,000 | 14,526,000 | 24,641,000 | 10,341,000 | 15,218,000 | 15,544,000 | 12,810,000 | 10,769,000 | 10,290,000 | 9,214,000 |
accrued compensation | 562,000,000 | 398,000,000 | 607,600,000 | 506,200,000 | 491,600,000 | 354,500,000 | 554,700,000 | 385,900,000 | 452,600,000 | 331,400,000 | 548,300,000 | 344,700,000 | 395,100,000 | 268,900,000 | 461,100,000 | 365,200,000 | 329,900,000 | 250,800,000 | 430,600,000 | 252,800,000 | 261,000,000 | 188,400,000 | 322,200,000 | 174,900,000 | 175,200,000 | 125,700,000 | 235,500,000 | 144,000,000 | 143,400,000 | 99,400,000 | 163,700,000 | 95,100,000 | 113,200,000 | 74,500,000 | 117,500,000 | 76,400,000 | 78,800,000 | 59,000,000 | 73,500,000 | 56,400,000 | 71,200,000 | 52,800,000 | 79,795,000 | 53,467,000 | 53,158,000 | 35,935,000 | 48,727,000 | 29,188,000 | 29,713,000 | 23,618,000 | 22,004,000 | 19,662,000 | 24,223,000 | 16,171,000 | 11,307,000 |
accrued and other liabilities | 937,000,000 | 665,000,000 | 846,000,000 | 824,600,000 | 777,600,000 | 683,100,000 | 506,700,000 | 412,600,000 | 394,200,000 | 371,500,000 | 390,800,000 | 376,100,000 | 328,900,000 | 380,400,000 | 399,200,000 | 375,400,000 | 324,000,000 | 324,600,000 | 329,400,000 | 261,500,000 | 255,300,000 | 260,700,000 | 256,800,000 | 253,900,000 | 251,200,000 | 192,300,000 | 162,400,000 | 178,500,000 | 171,400,000 | 163,600,000 | 107,000,000 | 106,000,000 | 83,600,000 | 80,800,000 | 79,900,000 | 60,100,000 | 58,800,000 | 48,400,000 | 39,200,000 | 45,100,000 | 44,000,000 | 38,300,000 | 28,291,000 | 28,535,000 | 23,436,000 | 27,852,000 | 25,000,000 | 150,296,000 | 20,425,000 | 17,876,000 | 14,609,000 | 15,578,000 | |||
deferred revenue | 6,248,000,000 | 6,132,000,000 | 6,302,200,000 | 5,756,800,000 | 5,599,900,000 | 5,507,700,000 | 5,541,100,000 | 5,014,900,000 | 4,918,100,000 | 4,732,000,000 | 4,674,600,000 | 4,146,700,000 | 3,942,500,000 | 3,741,300,000 | 3,641,200,000 | 3,152,900,000 | 2,958,200,000 | 2,801,600,000 | 2,741,900,000 | 2,421,200,000 | 2,289,700,000 | 2,137,500,000 | 2,049,100,000 | 1,854,600,000 | 1,757,700,000 | 1,658,900,000 | 1,582,100,000 | 1,449,600,000 | 1,369,200,000 | 1,269,800,000 | 1,268,900,000 | 1,165,500,000 | 1,088,800,000 | 1,017,900,000 | 968,400,000 | 885,000,000 | 828,000,000 | 758,100,000 | 703,900,000 | 610,400,000 | 541,200,000 | 477,300,000 | 423,853,000 | 365,384,000 | 324,479,000 | 286,682,000 | 259,918,000 | 231,226,000 | 202,330,000 | 171,617,000 | 153,945,000 | 133,968,000 | 117,437,000 | 101,412,000 | 86,296,000 |
total current liabilities | 8,009,000,000 | 7,418,000,000 | 7,988,000,000 | 7,705,600,000 | 7,552,200,000 | 7,402,700,000 | 7,682,700,000 | 7,084,800,000 | 7,765,500,000 | 7,513,400,000 | 7,737,500,000 | 8,641,200,000 | 8,475,100,000 | 8,195,100,000 | 8,306,300,000 | 7,677,200,000 | 7,406,400,000 | 7,144,400,000 | 5,116,700,000 | 3,007,300,000 | 4,376,300,000 | 2,635,100,000 | 2,691,700,000 | 2,335,700,000 | 2,239,500,000 | 2,051,600,000 | 2,053,300,000 | 1,998,800,000 | 1,868,200,000 | 1,815,700,000 | 2,139,400,000 | 1,943,100,000 | 1,856,400,000 | 1,743,000,000 | 1,201,300,000 | 1,054,700,000 | 993,600,000 | 1,400,900,000 | 846,800,000 | 1,239,000,000 | 1,186,400,000 | 1,078,200,000 | 1,032,227,000 | 944,007,000 | 415,074,000 | 360,966,000 | 348,171,000 | 435,351,000 | 262,809,000 | 228,329,000 | 206,102,000 | 182,018,000 | 168,996,000 | 142,616,000 | 122,006,000 |
long-term deferred revenue | 6,181,000,000 | 6,098,000,000 | 6,449,700,000 | 5,816,800,000 | 5,662,500,000 | 5,585,900,000 | 5,939,400,000 | 5,152,700,000 | 4,900,300,000 | 4,710,800,000 | 4,621,800,000 | 3,942,900,000 | 3,611,500,000 | 3,438,300,000 | 3,352,800,000 | 2,706,500,000 | 2,491,000,000 | 2,356,600,000 | 2,282,100,000 | 1,953,800,000 | 1,872,700,000 | 1,809,300,000 | 1,761,100,000 | 1,516,000,000 | 1,440,800,000 | 1,357,100,000 | 1,306,600,000 | 1,182,600,000 | 1,156,500,000 | 1,114,600,000 | 1,096,000,000 | 989,400,000 | 907,900,000 | 846,600,000 | 805,100,000 | 726,800,000 | 670,600,000 | 601,500,000 | 536,900,000 | 458,800,000 | 387,600,000 | 327,200,000 | 289,801,000 | 238,506,000 | 211,364,000 | 184,038,000 | 162,660,000 | ||||||||
deferred tax liabilities | 75,000,000 | 96,000,000 | 89,100,000 | 26,200,000 | 116,100,000 | 250,800,000 | 387,700,000 | 503,000,000 | 588,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||
long-term operating lease liabilities | 372,000,000 | 346,000,000 | 338,200,000 | 345,700,000 | 363,000,000 | 379,600,000 | 380,500,000 | 369,800,000 | 362,700,000 | 275,800,000 | 279,200,000 | 264,500,000 | 274,200,000 | 283,100,000 | 276,100,000 | 275,700,000 | 282,400,000 | 299,500,000 | 313,400,000 | 317,700,000 | 317,900,000 | 323,900,000 | 336,600,000 | 344,600,000 | 353,500,000 | 371,600,000 | |||||||||||||||||||||||||||||
other long-term liabilities | 949,000,000 | 913,000,000 | 886,800,000 | 878,000,000 | 882,600,000 | 843,800,000 | 430,900,000 | 352,700,000 | 317,800,000 | 138,000,000 | 114,200,000 | 89,500,000 | 73,600,000 | 119,300,000 | 108,400,000 | 103,000,000 | 102,900,000 | 107,000,000 | 97,700,000 | 95,500,000 | 93,900,000 | 92,000,000 | 90,100,000 | 83,800,000 | 80,600,000 | 82,600,000 | 216,000,000 | 211,100,000 | 208,700,000 | 226,800,000 | 229,600,000 | 226,000,000 | 196,600,000 | 192,200,000 | 147,600,000 | 137,100,000 | 127,500,000 | 85,800,000 | 79,400,000 | 78,000,000 | 72,300,000 | 62,500,000 | 67,335,000 | 54,601,000 | 53,413,000 | 30,285,000 | 32,177,000 | 36,636,000 | 19,512,000 | 14,496,000 | 11,799,000 | 7,542,000 | 6,887,000 | 6,896,000 | 7,215,000 |
total liabilities | 15,586,000,000 | 14,871,000,000 | 15,751,800,000 | 14,772,300,000 | 14,576,400,000 | 14,462,800,000 | 14,821,200,000 | 13,463,000,000 | 13,934,800,000 | 12,638,000,000 | 12,752,700,000 | 12,938,100,000 | 12,434,400,000 | 12,035,800,000 | 12,043,600,000 | ||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock; 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock and additional paid-in capital; 0.0001 par value... | 6,097,000,000 | 5,780,000,000 | 5,291,900,000 | 4,952,200,000 | 4,421,000,000 | 4,214,900,000 | 3,821,100,000 | 3,530,700,000 | 3,650,000,000 | 3,296,700,000 | 3,019,000,000 | 2,708,200,000 | 2,303,000,000 | 2,266,200,000 | 1,932,700,000 | 2,066,300,000 | 1,745,200,000 | 2,033,900,000 | 2,311,200,000 | 2,541,100,000 | 2,429,800,000 | 2,003,900,000 | 2,259,200,000 | 1,855,700,000 | 2,644,500,000 | 2,477,500,000 | 2,490,900,000 | 2,340,800,000 | 1,941,500,000 | 2,129,300,000 | 1,967,400,000 | 1,717,600,000 | 1,575,900,000 | 1,573,200,000 | 1,599,700,000 | 1,615,800,000 | 1,613,300,000 | 1,542,200,000 | 1,515,500,000 | 1,330,500,000 | 1,195,400,000 | 1,083,600,000 | |||||||||||||
accumulated other comprehensive income | 46,000,000 | 67,000,000 | 48,400,000 | 48,000,000 | -9,900,000 | 3,600,000 | 9,900,000 | 3,200,000 | 10,500,000 | -3,400,000 | -4,200,000 | -5,100,000 | -1,900,000 | 1,000,000 | 600,000 | 140,000 | 221,000 | 5,000 | 23,000 | ||||||||||||||||||||||||||||||||||||
retained earnings | 3,250,000,000 | 2,818,000,000 | 2,484,100,000 | 2,230,300,000 | 1,968,200,000 | 1,700,900,000 | 1,350,200,000 | 992,500,000 | 713,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 9,393,000,000 | 8,665,000,000 | 7,824,400,000 | 7,230,500,000 | 6,375,300,000 | 5,911,800,000 | 5,169,700,000 | 4,467,800,000 | 4,357,200,000 | 2,170,500,000 | 1,748,400,000 | 1,232,400,000 | 729,000,000 | 508,000,000 | 210,000,000 | 337,600,000 | 117,800,000 | 518,900,000 | 634,500,000 | 997,200,000 | 1,037,300,000 | 747,000,000 | 1,101,800,000 | 744,700,000 | 1,608,500,000 | 1,516,400,000 | 1,586,300,000 | 1,453,500,000 | 1,071,800,000 | 1,253,000,000 | 966,400,000 | 722,100,000 | 633,100,000 | 665,500,000 | 759,600,000 | 813,100,000 | 870,600,000 | 856,900,000 | 789,900,000 | 659,000,000 | 592,800,000 | 543,800,000 | 487,899,000 | 454,278,000 | 516,061,000 | 493,211,000 | 468,583,000 | 271,693,000 | 284,444,000 | 289,779,000 | 272,420,000 | 263,881,000 | 243,520,000 | 235,789,000 | 229,071,000 |
total liabilities and stockholders’ equity | 24,979,000,000 | 23,536,000,000 | 23,576,200,000 | 22,002,800,000 | 20,951,700,000 | 20,374,600,000 | 19,990,900,000 | 17,930,800,000 | 18,292,000,000 | 14,808,500,000 | 14,501,100,000 | 14,170,500,000 | 13,163,400,000 | 12,543,800,000 | 9,562,100,000 | 8,726,500,000 | 9,065,400,000 | 6,501,800,000 | 7,184,100,000 | 6,824,800,000 | 3,438,300,000 | 3,250,100,000 | 3,174,600,000 | 1,672,784,000 | 1,540,356,000 | 1,478,466,000 | 880,387,000 | 689,026,000 | 639,943,000 | 585,606,000 | 538,777,000 | 490,149,000 | 444,297,000 | ||||||||||||||||||||||
convertible senior notes | 383,200,000 | 533,800,000 | 645,800,000 | 963,900,000 | 1,162,500,000 | 1,821,800,000 | 1,946,700,000 | 1,991,500,000 | 3,682,100,000 | 3,680,300,000 | 3,678,600,000 | 3,676,800,000 | 3,675,700,000 | 3,673,900,000 | 3,672,100,000 | 1,557,900,000 | 3,190,600,000 | 1,525,600,000 | 3,119,200,000 | 3,084,100,000 | 1,477,000,000 | 1,461,200,000 | 1,445,500,000 | 158,100,000 | 156,300,000 | 239,900,000 | 550,400,000 | 543,800,000 | 537,400,000 | 531,000,000 | 524,700,000 | 518,400,000 | 512,300,000 | 506,200,000 | 502,800,000 | 497,500,000 | 492,300,000 | 487,084,000 | 481,960,000 | 476,872,000 | 471,856,000 | 466,875,000 | |||||||||||||
accumulated other comprehensive loss | -13,900,000 | -4,000,000 | -1,600,000 | -55,400,000 | -6,500,000 | -93,000,000 | -43,200,000 | -20,700,000 | -11,100,000 | -111,100,000 | -55,600,000 | -58,300,000 | -30,200,000 | -11,300,000 | -2,000,000 | -1,800,000 | -600,000 | -3,700,000 | -7,200,000 | -9,800,000 | -19,000,000 | -16,400,000 | -13,200,000 | -7,200,000 | -7,000,000 | -700,000 | -400,000 | -88,000 | -13,000 | -105,000 | -16,000 | -11,000 | -27,000 | ||||||||||||||||||||||
accumulated deficit | -1,033,200,000 | -1,227,400,000 | -1,455,100,000 | -1,562,900,000 | -1,647,100,000 | -1,667,100,000 | -1,670,400,000 | -1,597,200,000 | -1,503,700,000 | -1,666,800,000 | -1,547,500,000 | -1,402,400,000 | -1,260,100,000 | -1,167,900,000 | -1,109,000,000 | -1,034,200,000 | -960,500,000 | -900,900,000 | -880,100,000 | -859,900,000 | -857,300,000 | -984,600,000 | -982,300,000 | -935,600,000 | -900,700,000 | -836,700,000 | -798,500,000 | -737,600,000 | -683,400,000 | -726,600,000 | -672,100,000 | -601,900,000 | -539,400,000 | -500,708,000 | -454,737,000 | -408,802,000 | -365,794,000 | -335,726,000 | -303,668,000 | -157,081,000 | -117,135,000 | -109,274,000 | -93,438,000 | -86,156,000 | -83,543,000 | -80,028,000 | |||||||||
liabilities, temporary equity and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
temporary equity | 129,100,000 | 161,200,000 | 1,100,000 | 2,800,000 | 6,900,000 | 21,900,000 | 27,700,000 | 33,500,000 | 39,200,000 | 61,400,000 | 72,200,000 | 77,500,000 | 82,700,000 | 87,916,000 | 93,040,000 | ||||||||||||||||||||||||||||||||||||||||
total liabilities, temporary equity and stockholders’ equity | 12,253,600,000 | 11,100,000,000 | 10,400,500,000 | 10,426,400,000 | 10,241,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, temporary equity, and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, temporary equity, and stockholders’ equity | 9,488,400,000 | 6,592,200,000 | 6,261,800,000 | 5,707,500,000 | 5,801,500,000 | 5,823,000,000 | 3,908,300,000 | 3,627,500,000 | 3,486,500,000 | 3,006,500,000 | 2,761,200,000 | 2,507,000,000 | 2,316,600,000 | 2,094,400,000 | 1,965,178,000 | 1,784,432,000 | |||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 8,000 | 8,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | |||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 988,687,000 | 908,867,000 | 924,634,000 | 859,010,000 | 804,406,000 | 575,293,000 | 441,475,000 | 406,902,000 | 381,703,000 | 357,289,000 | 329,680,000 | 319,352,000 | 309,092,000 | ||||||||||||||||||||||||||||||||||||||||||
common stock; 0.0001 par value... | 8,000 | 8,000 | 8,000 | 7,000 | 7,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue—non-current | 136,707,000 | 122,261,000 | 107,339,000 | 95,285,000 | 85,336,000 | 70,746,000 | 58,996,000 | 49,512,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive gain | 61,000 | 43,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities | 16,567,000 | 14,743,000 | 15,189,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock, and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock warrant liability | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable convertible preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ equity | 407,804,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 | 2018-01-31 | 2017-10-31 | 2017-07-31 | 2017-04-30 | 2017-01-31 | 2016-10-31 | 2016-07-31 | 2016-04-30 | 2016-01-31 | 2015-10-31 | 2015-07-31 | 2015-04-30 | 2015-01-31 | 2014-10-31 | 2014-07-31 | 2014-04-30 | 2014-01-31 | 2013-10-31 | 2013-07-31 | 2013-04-30 | 2013-01-31 | 2012-10-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 432,000,000 | 334,000,000 | 253,800,000 | 262,100,000 | 267,300,000 | 350,700,000 | 357,700,000 | 278,800,000 | 1,746,900,000 | 194,200,000 | 227,700,000 | 107,800,000 | 84,200,000 | 20,000,000 | -20,200,000 | -38,200,000 | -60,900,000 | -55,700,000 | -61,800,000 | -54,500,000 | -45,971,000 | -45,935,000 | -43,008,000 | -30,068,000 | -32,058,000 | -146,587,000 | -39,946,000 | -7,861,000 | -15,836,000 | -7,282,000 | -2,613,000 | -3,515,000 | ||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation for equity-based awards | 301,000,000 | 370,000,000 | 354,400,000 | 325,900,000 | 320,500,000 | 294,300,000 | 268,900,000 | 263,500,000 | 272,000,000 | 271,000,000 | 254,200,000 | 271,000,000 | 283,300,000 | 266,000,000 | 239,600,000 | 247,300,000 | 265,100,000 | 259,100,000 | 230,000,000 | 233,100,000 | 225,600,000 | 205,800,000 | 174,200,000 | 165,800,000 | 168,500,000 | 149,900,000 | 150,200,000 | 138,200,000 | 142,400,000 | 136,900,000 | 123,600,000 | 116,600,000 | 130,800,000 | 125,700,000 | 117,700,000 | 116,200,000 | 126,400,000 | 114,200,000 | 109,600,000 | 108,400,000 | 101,900,000 | 72,900,000 | 65,817,000 | 60,207,000 | 56,848,000 | 38,443,000 | 33,089,000 | 27,956,000 | 24,346,000 | 14,383,000 | 14,096,000 | 12,578,000 | 8,746,000 | 8,284,000 |
deferred income taxes | 5,000,000 | 9,000,000 | 91,600,000 | -124,700,000 | -179,400,000 | -137,400,000 | -215,400,000 | -127,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 91,000,000 | 89,000,000 | 83,800,000 | 88,100,000 | 87,600,000 | 83,900,000 | 76,100,000 | 74,300,000 | 68,600,000 | 64,300,000 | 69,300,000 | 72,300,000 | 69,900,000 | 70,700,000 | 72,500,000 | 71,400,000 | 69,700,000 | 69,000,000 | 68,800,000 | 68,700,000 | 64,900,000 | 58,000,000 | 60,500,000 | 53,200,000 | 48,400,000 | 44,000,000 | 42,200,000 | 40,300,000 | 38,800,000 | 32,500,000 | 28,400,000 | 24,600,000 | 22,100,000 | 21,300,000 | 16,700,000 | 15,100,000 | 14,400,000 | 13,600,000 | 12,100,000 | 11,200,000 | 10,300,000 | 9,200,000 | 8,608,000 | 7,356,000 | 6,802,000 | 6,115,000 | 7,781,000 | 4,556,000 | 3,936,000 | 3,146,000 | 2,671,000 | 2,753,000 | 2,415,000 | 2,053,000 |
amortization of deferred contract costs | 135,000,000 | 126,000,000 | 136,500,000 | 119,100,000 | 114,600,000 | 110,400,000 | 121,300,000 | 110,300,000 | 108,900,000 | 105,500,000 | 116,000,000 | 101,400,000 | 99,000,000 | 97,000,000 | 101,000,000 | 89,100,000 | 86,100,000 | 85,900,000 | 89,700,000 | 73,900,000 | 68,600,000 | 65,800,000 | 83,000,000 | 60,500,000 | 55,300,000 | 55,600,000 | 76,200,000 | 64,600,000 | 41,900,000 | 41,100,000 | ||||||||||||||||||||||||
amortization of debt issuance costs | 100,000 | 200,000 | 300,000 | 500,000 | 600,000 | 800,000 | 1,100,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of contingent consideration liability | 3,000,000 | -13,000,000 | -155,600,000 | 4,300,000 | 9,700,000 | 6,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reduction of operating lease right-of-use assets | 17,000,000 | 18,000,000 | 17,300,000 | 16,100,000 | 16,000,000 | 16,000,000 | 14,600,000 | 14,600,000 | 13,700,000 | 12,400,000 | 13,200,000 | 12,100,000 | 12,500,000 | 12,100,000 | ||||||||||||||||||||||||||||||||||||||||
amortization of investment premiums, net of accretion of purchase discounts | -45,000,000 | -7,000,000 | -5,900,000 | -9,400,000 | -10,800,000 | -15,000,000 | -13,600,000 | -15,600,000 | -16,200,000 | -14,700,000 | -17,800,000 | -20,100,000 | -16,000,000 | 1,700,000 | 3,000,000 | 3,200,000 | 3,700,000 | 3,600,000 | 3,900,000 | 3,300,000 | 3,200,000 | 2,700,000 | 0 | -1,600,000 | -1,400,000 | -3,200,000 | -4,500,000 | -5,300,000 | -5,300,000 | -2,400,000 | -100,000 | 0 | 100,000 | 500,000 | 600,000 | 700,000 | 700,000 | 700,000 | 600,000 | 800,000 | 800,000 | 800,000 | 853,000 | 798,000 | 843,000 | 667,000 | 338,000 | 433,000 | 361,000 | 386,000 | 498,000 | 623,000 | 506,000 | 316,000 |
changes in operating assets and liabilities, net of effects of acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -758,000,000 | 1,622,000,000 | -1,013,900,000 | -454,500,000 | -362,600,000 | 1,485,700,000 | -903,200,000 | 180,900,000 | -482,200,000 | 1,050,200,000 | -1,019,600,000 | -165,300,000 | -39,800,000 | 904,400,000 | -901,900,000 | -288,400,000 | -140,100,000 | 428,400,000 | -473,700,000 | -97,400,000 | 16,400,000 | 382,300,000 | -368,400,000 | -110,300,000 | -40,800,000 | 83,900,000 | -172,500,000 | 9,900,000 | -32,700,000 | 86,600,000 | -105,500,000 | 5,500,000 | -14,300,000 | 81,300,000 | -68,000,000 | 22,400,000 | -39,500,000 | 2,200,000 | -81,100,000 | -13,300,000 | -58,000,000 | 16,000,000 | -61,825,000 | -15,272,000 | -19,027,000 | 19,294,000 | -20,729,000 | -28,591,000 | 5,349,000 | -3,978,000 | 4,028,000 | -22,903,000 | -12,217,000 | -10,727,000 |
financing receivables | 50,000,000 | 125,000,000 | 89,300,000 | 112,500,000 | -21,400,000 | 10,700,000 | -453,200,000 | -369,400,000 | 300,000 | -43,600,000 | ||||||||||||||||||||||||||||||||||||||||||||
deferred contract costs | -124,000,000 | -82,000,000 | -226,600,000 | -134,900,000 | -114,600,000 | -78,900,000 | -204,100,000 | -125,900,000 | -96,000,000 | -63,300,000 | -181,400,000 | -97,600,000 | -92,800,000 | -60,100,000 | -201,700,000 | -105,900,000 | -87,400,000 | -63,800,000 | ||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | -12,000,000 | -33,000,000 | 20,500,000 | -21,100,000 | 92,500,000 | -3,600,000 | -181,300,000 | 1,300,000 | -8,100,000 | 54,000,000 | 231,000,000 | -336,700,000 | -118,500,000 | -41,100,000 | -42,100,000 | -26,000,000 | -100,000 | -72,800,000 | 71,500,000 | -130,200,000 | -143,500,000 | -96,900,000 | -201,000,000 | -66,500,000 | -82,300,000 | -59,200,000 | -168,100,000 | -81,200,000 | -60,600,000 | -22,600,000 | -65,200,000 | -21,300,000 | -32,600,000 | -6,400,000 | 1,500,000 | -8,000,000 | -51,700,000 | 10,100,000 | 9,700,000 | 1,200,000 | -13,300,000 | 5,000,000 | -3,300,000 | 1,550,000 | -35,844,000 | 3,409,000 | -2,382,000 | -1,719,000 | -4,500,000 | -1,707,000 | -2,874,000 | 1,299,000 | -3,460,000 | -3,830,000 |
accounts payable | 42,000,000 | -2,000,000 | -11,900,000 | 85,300,000 | -63,400,000 | 96,800,000 | 5,500,000 | -67,800,000 | 47,700,000 | -400,000 | 37,300,000 | -37,000,000 | 1,700,000 | -1,000,000 | 17,700,000 | -8,200,000 | 22,200,000 | 37,600,000 | -15,200,000 | 27,000,000 | -5,900,000 | -17,700,000 | 10,000,000 | -5,500,000 | -14,800,000 | -2,500,000 | 9,100,000 | 34,400,000 | -10,400,000 | -800,000 | 8,300,000 | 1,800,000 | -10,600,000 | 4,200,000 | 3,100,000 | 2,600,000 | -1,600,000 | 1,800,000 | 3,400,000 | -1,900,000 | 8,400,000 | 5,200,000 | 398,000 | -1,999,000 | 2,563,000 | -4,460,000 | -10,065,000 | 13,352,000 | -4,182,000 | -205,000 | 2,483,000 | 1,631,000 | 640,000 | 1,076,000 |
accrued compensation | 163,000,000 | -210,000,000 | 99,800,000 | 14,600,000 | 137,100,000 | -200,200,000 | 168,800,000 | -66,700,000 | 118,600,000 | -216,900,000 | 203,600,000 | -50,900,000 | 124,000,000 | -192,300,000 | 95,800,000 | 35,400,000 | 79,000,000 | -179,800,000 | 177,800,000 | -8,500,000 | 70,600,000 | -134,800,000 | 147,300,000 | -10,500,000 | 48,800,000 | -109,900,000 | 89,500,000 | -1,700,000 | 44,000,000 | -65,000,000 | 68,600,000 | -20,100,000 | 38,700,000 | -43,000,000 | 41,100,000 | -3,600,000 | 19,800,000 | -14,500,000 | 17,100,000 | -14,800,000 | 18,400,000 | -27,000,000 | 26,318,000 | 319,000 | 17,223,000 | -12,792,000 | ||||||||
accrued and other liabilities | 76,000,000 | -53,000,000 | 112,900,000 | 33,900,000 | 94,700,000 | -94,000,000 | 157,100,000 | 27,600,000 | 233,900,000 | -34,100,000 | 11,100,000 | 38,000,000 | -88,600,000 | -28,100,000 | -16,800,000 | 20,400,000 | -27,300,000 | -23,400,000 | 35,900,000 | -7,300,000 | -37,100,000 | -20,000,000 | 7,300,000 | -15,300,000 | -6,600,000 | -25,200,000 | -9,900,000 | 900,000 | -24,100,000 | 12,500,000 | 2,500,000 | -3,900,000 | 4,500,000 | 41,800,000 | -23,800,000 | 8,200,000 | 56,400,000 | 12,400,000 | -7,200,000 | 2,600,000 | 18,000,000 | 7,000,000 | 6,945,000 | 5,790,000 | 20,707,000 | 1,046,000 | -136,759,000 | 121,773,000 | 11,015,000 | 5,047,000 | 13,061,000 | -4,543,000 | 12,821,000 | 4,819,000 |
deferred revenue | 178,000,000 | -522,000,000 | 1,174,700,000 | 311,200,000 | 168,800,000 | -416,600,000 | 1,312,900,000 | 349,200,000 | 372,100,000 | 146,400,000 | 1,206,800,000 | 535,300,000 | 374,000,000 | 185,600,000 | 1,134,600,000 | 410,200,000 | 291,000,000 | 134,200,000 | 649,000,000 | 212,500,000 | 197,800,000 | 136,800,000 | 439,600,000 | 146,000,000 | 182,200,000 | 125,500,000 | 251,100,000 | 95,300,000 | 141,300,000 | 102,500,000 | 210,000,000 | 153,900,000 | 132,200,000 | 91,000,000 | 161,700,000 | 112,300,000 | 139,000,000 | 118,800,000 | 171,600,000 | 140,400,000 | 124,300,000 | 90,800,000 | 109,764,000 | 68,047,000 | 65,123,000 | 48,142,000 | 54,645,000 | 43,190,000 | 45,635,000 | 29,726,000 | 29,926,000 | 31,121,000 | 27,775,000 | 24,600,000 |
net cash from operating activities | 554,000,000 | 1,771,000,000 | 1,020,800,000 | 628,700,000 | 556,900,000 | 1,509,600,000 | 512,700,000 | 528,900,000 | 690,000,000 | 1,526,000,000 | 414,100,000 | 432,100,000 | 694,600,000 | 1,236,700,000 | 523,700,000 | 389,500,000 | 482,600,000 | 588,900,000 | 325,800,000 | 277,800,000 | 364,500,000 | 534,900,000 | 333,700,000 | 169,900,000 | 306,900,000 | 225,200,000 | 231,500,000 | 296,400,000 | 275,400,000 | 252,300,000 | 277,900,000 | 241,300,000 | 243,700,000 | 274,100,000 | 239,500,000 | 211,200,000 | 214,500,000 | 203,300,000 | 187,500,000 | 170,100,000 | 153,800,000 | 146,700,000 | 111,325,000 | 87,225,000 | 76,826,000 | 74,928,000 | -26,150,000 | 34,279,000 | 41,396,000 | 38,881,000 | 41,730,000 | 15,206,000 | 34,507,000 | 23,076,000 |
capital expenditures | -170,000,000 | -84,000,000 | -86,300,000 | -68,300,000 | -47,500,000 | -44,100,000 | -47,400,000 | -37,400,000 | -35,200,000 | -36,800,000 | -37,200,000 | -31,200,000 | -38,300,000 | -39,600,000 | -39,200,000 | -38,300,000 | -80,700,000 | -34,600,000 | -27,400,000 | -26,900,000 | -32,100,000 | -29,600,000 | -31,800,000 | -86,300,000 | -49,100,000 | -47,200,000 | -53,100,000 | -20,300,000 | -23,500,000 | -34,300,000 | -25,400,000 | -28,800,000 | -25,600,000 | -32,200,000 | -49,200,000 | -48,600,000 | -44,700,000 | -20,900,000 | -16,300,000 | -19,300,000 | -17,400,000 | -19,500,000 | -11,966,000 | -9,827,000 | 0 | -5,935,000 | -4,728,000 | -5,896,000 | -9,803,000 | -12,124,000 | -5,847,000 | -6,359,000 | -6,221,000 | -4,015,000 |
free cash flows | 384,000,000 | 1,687,000,000 | 934,500,000 | 560,400,000 | 509,400,000 | 1,465,500,000 | 465,300,000 | 491,500,000 | 654,800,000 | 1,489,200,000 | 376,900,000 | 400,900,000 | 656,300,000 | 1,197,100,000 | 484,500,000 | 351,200,000 | 401,900,000 | 554,300,000 | 298,400,000 | 250,900,000 | 332,400,000 | 505,300,000 | 301,900,000 | 83,600,000 | 257,800,000 | 178,000,000 | 178,400,000 | 276,100,000 | 251,900,000 | 218,000,000 | 252,500,000 | 212,500,000 | 218,100,000 | 241,900,000 | 190,300,000 | 162,600,000 | 169,800,000 | 182,400,000 | 171,200,000 | 150,800,000 | 136,400,000 | 127,200,000 | 99,359,000 | 77,398,000 | 76,826,000 | 68,993,000 | -30,878,000 | 28,383,000 | 31,593,000 | 26,757,000 | 35,883,000 | 8,847,000 | 28,286,000 | 19,061,000 |
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of investments | -524,000,000 | -1,401,000,000 | -874,700,000 | -1,089,100,000 | -1,072,100,000 | -660,000,000 | -1,064,800,000 | -475,100,000 | -1,156,700,000 | -854,700,000 | -999,000,000 | -742,100,000 | -1,606,500,000 | -2,112,800,000 | -975,300,000 | -241,100,000 | -616,200,000 | -439,100,000 | -464,800,000 | -381,600,000 | -282,800,000 | -829,700,000 | -885,300,000 | -12,200,000 | -9,000,000 | -274,300,000 | -558,000,000 | -394,700,000 | -1,290,900,000 | -741,000,000 | -337,800,000 | -15,400,000 | -145,700,000 | -226,800,000 | -269,000,000 | -164,200,000 | -277,000,000 | -285,700,000 | -206,900,000 | -219,900,000 | -97,700,000 | -512,500,000 | -321,127,000 | -79,198,000 | ||||||||||
proceeds from sales of investments | 2,786,000,000 | 30,000,000 | 367,000,000 | 185,000,000 | 353,600,000 | 291,300,000 | 455,400,000 | 69,600,000 | 126,600,000 | 304,600,000 | 90,900,000 | 375,400,000 | 14,600,000 | 485,000,000 | 160,000,000 | 7,000,000 | 246,100,000 | 36,100,000 | 94,400,000 | 3,200,000 | 309,700,000 | 3,000,000 | 0 | 1,000,000 | 2,500,000 | 4,500,000 | 3,000,000 | 10,000,000 | 124,400,000 | 11,508,000 | 5,001,000 | 0 | 1,999,000 | 67,967,000 | 0 | 0 | 0 | |||||||||||||||||
proceeds from maturities of investments | 1,135,000,000 | 474,000,000 | 386,400,000 | 454,800,000 | 384,700,000 | 369,000,000 | 488,300,000 | 556,000,000 | 350,400,000 | 457,900,000 | 1,307,900,000 | 504,700,000 | 651,300,000 | 347,600,000 | 402,000,000 | 315,300,000 | 176,500,000 | 225,100,000 | 395,400,000 | 311,000,000 | 335,900,000 | 198,200,000 | 246,300,000 | 451,300,000 | 622,700,000 | 632,400,000 | 550,300,000 | 502,600,000 | 789,700,000 | 214,500,000 | 160,800,000 | 189,200,000 | 135,200,000 | 206,600,000 | 256,700,000 | 136,700,000 | 148,600,000 | 235,400,000 | 219,100,000 | 181,600,000 | 83,900,000 | 144,100,000 | 138,242,000 | 90,877,000 | 59,229,000 | 50,692,000 | 35,450,000 | 68,984,000 | 85,137,000 | 43,959,000 | 85,560,000 | 60,000,000 | ||
business acquisitions, net of cash and restricted cash acquired | -2,576,000,000 | -2,000,000 | -554,900,000 | 0 | 500,000 | -500,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, equipment, and other assets | -170,000,000 | -84,000,000 | -86,300,000 | -68,300,000 | -47,500,000 | -44,100,000 | -47,400,000 | -37,400,000 | -35,200,000 | -36,800,000 | -37,200,000 | -31,200,000 | -38,300,000 | -39,600,000 | -39,200,000 | -38,300,000 | -80,700,000 | -34,600,000 | -27,400,000 | -26,900,000 | -32,100,000 | -29,600,000 | -31,800,000 | -86,300,000 | -49,100,000 | -47,200,000 | -53,100,000 | -20,300,000 | -23,500,000 | -34,300,000 | -25,400,000 | -28,800,000 | -25,600,000 | -32,200,000 | -49,200,000 | -48,600,000 | -44,700,000 | -20,900,000 | -16,300,000 | -19,300,000 | -17,400,000 | -19,500,000 | -11,966,000 | -9,827,000 | ||||||||||
net cash from investing activities | 651,000,000 | -983,000,000 | -762,500,000 | -517,600,000 | -380,800,000 | -543,800,000 | -168,500,000 | 113,100,000 | -1,325,500,000 | -129,000,000 | 362,600,000 | 87,900,000 | -1,164,500,000 | -1,319,800,000 | -472,100,000 | 42,900,000 | -274,300,000 | -229,900,000 | -2,400,000 | -207,600,000 | -384,400,000 | -886,200,000 | -667,600,000 | 274,700,000 | 436,400,000 | 244,500,000 | -448,700,000 | -140,300,000 | -523,800,000 | -713,100,000 | -206,400,000 | -225,100,000 | -36,100,000 | -52,400,000 | -61,500,000 | -166,800,000 | -173,100,000 | -71,200,000 | 400,000 | -54,600,000 | -21,200,000 | -263,500,000 | -198,471,000 | 6,853,000 | -286,295,000 | -201,093,000 | -91,042,000 | -79,644,000 | -55,703,000 | -93,959,000 | 45,072,000 | -4,409,000 | -19,738,000 | -172,490,000 |
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of convertible senior notes | -383,300,000 | -150,900,000 | -112,400,000 | -319,000,000 | -199,600,000 | -661,800,000 | -126,300,000 | -46,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of shares through employee equity incentive plans | 8,000,000 | 130,000,000 | 9,900,000 | 203,300,000 | 36,600,000 | 120,700,000 | 24,200,000 | 115,800,000 | 57,500,000 | 86,400,000 | 60,100,000 | 130,300,000 | 700,000 | 67,700,000 | 300,000 | 77,500,000 | 100,000 | 58,700,000 | 300,000 | 58,000,000 | 300,000 | 45,400,000 | 300,000 | 46,800,000 | 600,000 | 36,300,000 | 1,400,000 | 36,700,000 | 2,900,000 | 30,700,000 | 0 | 29,200,000 | 1,300,000 | 22,100,000 | 600,000 | 22,200,000 | 900,000 | 22,700,000 | 3,100,000 | 21,100,000 | 4,500,000 | 16,600,000 | ||||||||||||
payments for taxes related to net share settlement of equity awards | -108,000,000 | -1,000,000 | -700,000 | -5,300,000 | -156,400,000 | -21,400,000 | -3,900,000 | -3,400,000 | -3,800,000 | -15,500,000 | -2,900,000 | -2,100,000 | -1,500,000 | -13,900,000 | -8,600,000 | -3,600,000 | -7,100,000 | -13,900,000 | -9,400,000 | -11,400,000 | -11,500,000 | -11,400,000 | -10,400,000 | |||||||||||||||||||||||||||||||
payments of contingent consideration liability | -14,000,000 | -121,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -114,000,000 | 8,000,000 | -374,100,000 | 47,100,000 | -232,200,000 | -219,700,000 | -179,300,000 | -1,049,400,000 | -72,600,000 | -41,800,000 | -1,634,800,000 | 128,200,000 | -250,800,000 | 31,100,000 | -353,100,000 | 66,300,000 | -558,500,000 | 38,700,000 | -335,600,000 | -298,500,000 | -5,400,000 | -464,500,000 | 1,805,500,000 | -959,300,000 | -6,100,000 | -167,100,000 | -136,100,000 | 31,800,000 | -407,800,000 | -261,800,000 | 1,486,400,000 | 17,800,000 | -135,200,000 | -123,400,000 | -125,700,000 | -113,800,000 | -119,400,000 | -27,100,000 | -3,500,000 | 21,300,000 | 4,800,000 | 16,800,000 | 8,837,000 | 17,062,000 | 8,705,000 | 16,100,000 | 536,214,000 | 18,288,000 | 9,992,000 | 10,646,000 | 10,148,000 | 14,943,000 | -1,318,000 | 1,245,000 |
net increase in cash, cash equivalents, and restricted cash | 1,091,000,000 | 796,000,000 | -115,800,000 | 158,200,000 | -56,100,000 | 746,100,000 | 164,900,000 | -407,400,000 | -708,100,000 | 1,355,200,000 | -858,100,000 | 648,200,000 | -720,700,000 | -52,000,000 | -301,500,000 | 498,700,000 | -350,200,000 | 397,700,000 | -12,200,000 | -228,300,000 | -25,300,000 | -815,800,000 | 1,471,600,000 | -514,700,000 | 737,200,000 | 302,600,000 | -353,300,000 | 187,900,000 | -656,200,000 | -722,600,000 | ||||||||||||||||||||||||
cash, cash equivalents, and restricted cash—beginning of period | 0 | 2,279,000,000 | 0 | 0 | 0 | 2,509,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash—end of period | 1,091,000,000 | 3,075,000,000 | -353,300,000 | 187,900,000 | -656,200,000 | 1,786,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,092,000,000 | 3,066,000,000 | -114,800,000 | 157,100,000 | -56,500,000 | 2,282,800,000 | 161,500,000 | -408,800,000 | -708,900,000 | 2,491,400,000 | -857,600,000 | 646,600,000 | -720,900,000 | 2,067,200,000 | -301,400,000 | 497,200,000 | -350,200,000 | 2,272,900,000 | -11,900,000 | -227,100,000 | -28,800,000 | 2,142,000,000 | -515,300,000 | 736,300,000 | 1,263,700,000 | 187,100,000 | -656,600,000 | 1,784,400,000 | ||||||||||||||||||||||||||
restricted cash included in prepaid expenses and other current assets | -5,000,000 | 9,000,000 | -1,000,000 | 1,100,000 | 400,000 | 10,100,000 | 3,400,000 | 1,900,000 | 300,000 | 6,000,000 | -500,000 | 1,600,000 | 200,000 | 5,600,000 | -100,000 | 1,500,000 | 500,000 | 4,400,000 | 200,000 | 1,400,000 | 900,000 | 2,900,000 | 200,000 | 600,000 | 1,900,000 | 900,000 | 300,000 | 1,000,000 | ||||||||||||||||||||||||||
restricted cash included in other assets | 500,000 | -500,000 | -2,600,000 | 2,600,000 | 1,000,000 | 400,000 | 300,000 | 2,000,000 | -100,000 | 100,000 | 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash | 1,091,000,000 | 3,075,000,000 | -115,800,000 | 158,200,000 | -56,100,000 | 2,292,900,000 | 164,900,000 | -407,400,000 | -708,100,000 | 2,497,400,000 | -858,100,000 | 648,200,000 | -720,700,000 | 2,072,800,000 | -301,500,000 | 498,700,000 | -350,200,000 | 2,277,800,000 | -12,200,000 | -228,300,000 | -25,300,000 | 2,145,900,000 | -514,700,000 | 737,200,000 | 1,267,600,000 | 187,900,000 | -656,200,000 | 1,786,600,000 | ||||||||||||||||||||||||||
non-cash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity consideration for a business acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration for a business acquisition | 0 | 0 | 0 | -648,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of common stock | 0 | -500,000,000 | 0 | -66,700,000 | 0 | 0 | -250,000,000 | -22,700,000 | -342,300,000 | 0 | -328,100,000 | -350,000,000 | 0 | -500,000,000 | 0 | -1,000,000,000 | 0 | -198,100,000 | 0 | 0 | 0 | 0 | -125,000,000 | -134,100,000 | -115,900,000 | -125,000,000 | -120,100,000 | -50,000,000 | ||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity consideration for business acquisitions | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 648,000 | 369,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for contractual interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash - beginning of period | 0 | 0 | 1,546,800,000 | 0 | 0 | 1,142,200,000 | 0 | 0 | 2,124,800,000 | 0 | 0 | 1,880,100,000 | 0 | 0 | 2,961,700,000 | 0 | 0 | 965,000,000 | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash - end of period | 158,200,000 | -56,100,000 | 2,292,900,000 | -407,400,000 | -708,100,000 | 2,497,400,000 | 648,200,000 | -720,700,000 | 2,072,800,000 | 498,700,000 | -350,200,000 | 2,277,800,000 | -228,300,000 | -25,300,000 | 2,145,900,000 | -514,700,000 | 737,200,000 | 1,267,600,000 | ||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount and debt issuance costs | 1,400,000 | 1,800,000 | 1,700,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 1,800,000 | 36,400,000 | 35,900,000 | 35,500,000 | 35,100,000 | 26,900,000 | 15,800,000 | 15,700,000 | 15,500,000 | 16,600,000 | 17,100,000 | 17,100,000 | 19,400,000 | 9,600,000 | 6,500,000 | 6,400,000 | 6,300,000 | 6,200,000 | 6,200,000 | 6,100,000 | 6,000,000 | 6,000,000 | 5,900,000 | 5,800,000 | 5,700,000 | 5,655,000 | 5,611,000 | 5,521,000 | 5,478,000 | ||||||||||||||||||
repayments of convertible senior notes attributable to debt discount | -30,500,000 | 0 | -14,800,000 | -52,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | 0 | -18,900,000 | -19,600,000 | 0 | 0 | -17,400,000 | 0 | -146,800,000 | -405,400,000 | -225,100,000 | 0 | -387,800,000 | -129,300,000 | -66,400,000 | -390,900,000 | -227,900,000 | -100,000 | -154,800,000 | -4,000,000 | 0 | ||||||||||||||||||||||||||||||||||
consolidated statements of cash flows | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for debt issuance costs | 0 | 0 | 0 | -200,000 | 0 | 0 | -100,000 | -3,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net loss | 3,300,000 | -73,200,000 | -93,500,000 | -103,600,000 | -119,300,000 | -145,100,000 | -142,300,000 | -92,200,000 | -58,900,000 | -74,800,000 | -73,700,000 | -59,600,000 | -38,300,000 | -46,700,000 | -34,900,000 | -64,000,000 | -62,500,000 | -38,700,000 | ||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain related to facility exit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings on convertible senior notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of note hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred consideration related to prior year business acquisition | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of operating lease right-of-use assets | 12,400,000 | 12,400,000 | 12,700,000 | 11,900,000 | 11,900,000 | 10,700,000 | 10,000,000 | 13,200,000 | 13,100,000 | 10,700,000 | 10,400,000 | |||||||||||||||||||||||||||||||||||||||||||
payments for taxes related to net settlement of equity awards | -11,200,000 | -8,600,000 | -20,000,000 | -6,500,000 | -5,700,000 | -9,700,000 | -4,800,000 | -6,700,000 | -5,300,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss related to facility exit | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on conversions of convertible senior notes | 0 | 0 | 400,000 | 2,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of convertible senior notes attributable to principal and equity component | -128,900,000 | 0 | -73,500,000 | -275,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
payments for deferred consideration related to business acquisitions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cease-use loss and asset impairment related to facility exit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cease-use loss related to facility exit | 24,400,000 | 1,300,000 | 15,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment acquired through lease incentives | 0 | 0 | 0 | 37,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 1,557,900,000 | 34,000,000 | 72,400,000 | 98,300,000 | 52,300,000 | -69,400,000 | -78,000,000 | 105,000,000 | 184,400,000 | 136,800,000 | 96,950,000 | 25,740,000 | ||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | 0 | 0 | 0 | 744,300,000 | 0 | 0 | 0 | 734,400,000 | 0 | 0 | 0 | 375,800,000 | 0 | 0 | 0 | 653,812,000 | 0 | 0 | 0 | 310,614,000 | 0 | 0 | 0 | 322,642,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | 1,557,900,000 | 34,000,000 | 72,400,000 | 842,600,000 | 52,300,000 | -69,400,000 | -78,000,000 | 839,400,000 | 184,400,000 | 136,800,000 | 137,400,000 | 275,800,000 | -78,309,000 | 111,140,000 | -200,764,000 | 543,747,000 | 419,022,000 | -27,077,000 | -4,315,000 | 266,182,000 | 96,950,000 | 25,740,000 | 13,451,000 | 174,473,000 | ||||||||||||||||||||||||||||||
asset impairment related to facility exit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit from share-based compensation arrangements | -200,000 | 200,000 | -200,000 | -300,000 | -200,000 | -1,937,000 | 753,000 | |||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock for legal settlement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of common stock warrant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of convertible note hedges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 8,000 | 38,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock in connection with acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -100,000,000 | 111,140,000 | -200,764,000 | -110,065,000 | -27,077,000 | -4,315,000 | -44,432,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on facility sublease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of initial public offering costs | 0 | 0 | -2,433,000 | -265,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of restricted common stock from terminated employees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercises of stock options | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from employee stock purchase plan | 10,422,000 | 0 | 7,791,000 | 0 | 6,881,000 | 0 | 5,988,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired | 0 | -75,624,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 7,780,000 | 7,963,000 | 8,299,000 | 11,346,000 | 9,475,000 | 4,610,000 | 3,570,000 | 8,641,000 | 1,020,000 | 1,534,000 | ||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit from share-based compensation | -346,000 | -199,000 | -84,000 | -618,000 | -56,000 | -6,585,000 | -71,000 | |||||||||||||||||||||||||||||||||||||||||||||||
purchase of investments | -247,849,000 | -189,731,000 | -67,108,000 | -127,565,000 | -122,238,000 | -34,641,000 | -58,050,000 | -84,158,000 | -168,475,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchase of property, equipment, and other assets | -5,935,000 | -4,728,000 | -5,896,000 | -9,803,000 | -15,680,000 | -5,847,000 | -6,359,000 | -6,221,000 | -4,015,000 | |||||||||||||||||||||||||||||||||||||||||||||
repurchase of restricted common stock from terminated employees | 0 | -23,000 | -101,000 | -8,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of preferred stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
reimbursement of cost of leasehold improvements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from settlement of note receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering, net of offering costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock into common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of preferred stock upon exercise of warrant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of initial public offering costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of property, equipment, and other assets not yet paid | 3,556,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of restricted common stock from employees | -36,000 | -11,000 | -24,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in liability for early exercise of stock options, net of vested portion | -272,000 | -466,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase (decrease) in cash and cash equivalents | -148,169,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of stock to non-employees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from settlement of notes receivable |


