0001585521-22-000106 | 10-Q | XBRL Viewer | Zoom Video Communications INC

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Cover - shares	3 Months Ended
Cover - shares	Apr. 30, 2022	May 13, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2022
Document Transition Report	false
Entity File Number	001-38865
Entity Registrant Name	Zoom Video Communications, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	61-1648780
Entity Address, Address Line One	55 Almaden Boulevard, 6th Floor
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95113
City Area Code	888
Local Phone Number	799-9666
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	ZM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001585521
Current Fiscal Year End Date	--01-31
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		251,702,995
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		46,674,882

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,407,305	$ 1,062,820
Marketable securities	4,318,974	4,356,446
Accounts receivable, net of allowances of $27,527 and $24,696 as of April 30, 2022 and January 31, 2022, respectively	483,879	419,673
Deferred contract acquisition costs, current	211,575	199,266
Prepaid expenses and other current assets	142,545	145,602
Total current assets	6,564,278	6,183,807
Deferred contract acquisition costs, noncurrent	161,315	164,714
Property and equipment, net	240,611	222,354
Operating lease right-of-use assets	92,036	95,965
Strategic investments	343,160	367,814
Goodwill	27,607	27,607
Deferred tax assets	419,979	382,296
Other assets, noncurrent	107,727	106,761
Total assets	7,956,713	7,551,318
Current liabilities:
Accounts payable	22,506	7,841
Accrued expenses and other current liabilities	500,101	430,415
Deferred revenue, current	1,286,403	1,141,435
Total current liabilities	1,809,010	1,579,691
Deferred revenue, noncurrent	44,644	38,481
Operating lease liabilities, noncurrent	80,201	85,018
Other liabilities, noncurrent	74,971	68,110
Total liabilities	2,008,826	1,771,300
Commitments and contingencies (Note 6)
Stockholders’ equity:
Preferred stock, $0.001 par value per share, 200,000,000 shares authorized as of April 30, 2022 and January 31, 2022; zero shares issued and outstanding as of April 30, 2022 and January 31, 2022	0	0
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized as of April 30, 2022 and January 31, 2022; 252,153,721 and 247,044,454 shares issued and outstanding as of April 30, 2022 and January 31, 2022, respectively; 300,000,000 Class B shares authorized as of April 30, 2022 and January 31, 2022; 46,670,512 and 51,993,351 shares issued and outstanding as of April 30, 2022 and January 31, 2022, respectively	299	299
Additional paid-in capital	3,831,060	3,749,514
Accumulated other comprehensive loss	(45,237)	(17,902)
Retained earnings	2,161,765	2,048,107
Total stockholders’ equity	5,947,887	5,780,018
Total liabilities and stockholders’ equity	$ 7,956,713	$ 7,551,318

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Current assets:
Accounts receivable, allowances	$ 27,527	$ 24,696
Stockholders’ equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, authorized (in shares)	200,000,000	200,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Class A Common Stock
Stockholders’ equity:
Common stock, authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, issued (in shares)	252,153,721	247,044,454
Common stock, outstanding (in shares)	252,153,721	247,044,454
Class B Common Stock
Stockholders’ equity:
Common stock, authorized (in shares)	300,000,000	300,000,000
Common stock, issued (in shares)	46,670,512	51,993,351
Common stock, outstanding (in shares)	46,670,512	51,993,351

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Income Statement [Abstract]
Revenue	$ 1,073,800	$ 956,237
Cost of revenue	261,821	264,994
Gross profit	811,979	691,243
Operating expenses:
Research and development	144,291	65,175
Sales and marketing	362,783	245,667
General and administrative	117,840	154,089
Total operating expenses	624,914	464,931
Income from operations	187,065	226,312
Losses on strategic investments, net	(36,404)	0
Other (expense) income, net	(6,989)	2,619
Income before provision for income taxes	143,672	228,931
Provision for income taxes	30,014	1,400
Net income	113,658	227,531
Undistributed earnings attributable to participating securities	(18)	(148)
Net income attributable to common stockholders	$ 113,640	$ 227,383
Net income per share attributable to common stockholders:
Basic (in dollars per share)	$ 0.38	$ 0.77
Diluted (in dollars per share)	$ 0.37	$ 0.74
Weighted-average shares used in computing net income per share attributable to common stockholders:
Basic (in shares)	299,147,105	293,794,778
Diluted (in shares)	306,614,220	305,412,419

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 113,658	$ 227,531
Other comprehensive loss:
Unrealized loss on available-for-sale marketable securities, net of tax	(27,335)	(639)
Comprehensive income	$ 86,323	$ 226,892

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Beginning balance (in shares) at Jan. 31, 2021		293,549,223
Beginning balance at Jan. 31, 2021	$ 3,860,767	$ 292	$ 3,187,168	$ 839	$ 672,468
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		751,686
Issuance of common stock upon exercise of stock options	3,476	$ 1	3,475
Issuance of common stock upon release of restricted stock units (in shares)		211,036
Stock-based compensation expense	101,598		101,598
Other comprehensive income (loss)	(639)			(639)
Net income	227,531				227,531
Ending balance (in shares) at Apr. 30, 2021		294,511,945
Ending balance at Apr. 30, 2021	4,192,733	$ 293	3,292,241	200	899,999
Beginning balance (in shares) at Jan. 31, 2022		299,037,805
Beginning balance at Jan. 31, 2022	$ 5,780,018	$ 299	3,749,514	(17,902)	2,048,107
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)	543,518	543,518
Issuance of common stock upon exercise of stock options	$ 3,344	$ 1	3,343
Issuance of common stock upon release of restricted stock units (in shares)		467,160
Repurchase of common stock (in shares)		(1,224,250)
Repurchases of common stock	(132,412)	$ (1)	(132,411)
Stock-based compensation expense	210,614		210,614
Other comprehensive income (loss)	(27,335)			(27,335)
Net income	113,658				113,658
Ending balance (in shares) at Apr. 30, 2022		298,824,233
Ending balance at Apr. 30, 2022	$ 5,947,887	$ 299	$ 3,831,060	$ (45,237)	$ 2,161,765

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Cash flows from operating activities:
Net income	$ 113,658	$ 227,531
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	209,363	98,969
Amortization of deferred contract acquisition costs	56,780	37,766
Losses on strategic investments, net	36,404	0
Depreciation and amortization	15,280	10,663
Provision for accounts receivable allowances	13,097	4,055
Non-cash operating lease cost	5,451	4,274
Amortization on marketable securities	3,604	5,596
Other	12,730	270
Changes in operating assets and liabilities:
Accounts receivable	(83,605)	(75,665)
Prepaid expenses and other assets	(27,235)	(29,975)
Deferred contract acquisition costs	(65,690)	(47,813)
Accounts payable	11,153	1,592
Accrued expenses and other liabilities	78,236	88,656
Deferred revenue	152,974	210,896
Operating lease liabilities, net	(6,049)	(3,513)
Net cash provided by operating activities	526,151	533,302
Cash flows from investing activities:
Purchases of marketable securities	(611,662)	(1,425,451)
Maturities of marketable securities	609,327	291,047
Purchases of property and equipment	(25,038)	(79,074)
Purchases of strategic investments	(11,750)	(6,500)
Purchases of intangible assets	(3,211)	0
Net cash used in investing activities	(42,334)	(1,219,978)
Cash flows from financing activities:
Cash paid for repurchases of common stock	(132,412)	0
Proceeds from employee equity transactions remitted to employees and tax authorities, net	(4,086)	(9,984)
Proceeds from exercise of stock options	3,255	3,368
Other	0	337
Net cash used in financing activities	(133,243)	(6,279)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(9,425)	0
Net increase (decrease) in cash, cash equivalents, and restricted cash	341,149	(692,955)
Cash, cash equivalents, and restricted cash – beginning of period	1,073,353	2,293,116
Cash, cash equivalents, and restricted cash – end of period	1,414,502	1,600,161
Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:
Cash and cash equivalents	1,407,305	1,557,270
Restricted cash, current included in prepaid expenses and other current assets	6,923	40,648
Restricted cash, noncurrent included in other assets, noncurrent	274	2,243
Total cash, cash equivalents, and restricted cash	$ 1,414,502	$ 1,600,161

Summary of Business and Significant Accounting Policies	3 Months Ended
Summary of Business and Significant Accounting Policies	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Business and Significant Accounting Policies	Summary of Business and Significant Accounting Policies Description of Business Zoom Video Communications, Inc. and its subsidiaries (collectively, “Zoom,” the “Company,” “we,” “us,” or “our”) connect people through our core unified communications offering, which frictionlessly brings together video, phone, chat, webinars events, and contact center, and enables meaningful experiences across disparate devices and locations. We were incorporated in the state of Delaware in April 2011, and are headquartered in San Jose, California. Fiscal Year Our fiscal year ends on January 31. References to fiscal year 2023, for example, refer to the fiscal year ending January 31, 2023. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and applicable regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting, and include the accounts of Zoom Video Communications, Inc., its subsidiaries, and variable interest entities for which we are the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of January 31, 2022 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including certain notes required by GAAP on an annual reporting basis. The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the balance sheets, statements of operations, statements of comprehensive income, statements of stockholders’ equity, and statements of cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year or any future period. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended January 31, 2022, filed with the SEC on March 7, 2022. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates and assumptions include, but are not limited to, the estimated expected benefit period for deferred contract acquisition costs, the useful lives of long-lived assets, the incremental borrowing rate for operating leases, stock-based compensation expense, sales and other tax liabilities, the fair value of marketable securities and strategic investments, acquired intangible assets and goodwill, the valuation of deferred income tax assets and uncertain tax positions, and accruals and contingencies. Actual results could materially differ from those estimates. Summary of Significant Accounting Policies Our significant accounting policies are discussed in Note 1. “Summary of Business and Significant Accounting Policies” in the notes to consolidated financial statements included in our Annual Report on Form 10-K for the year ended January 31, 2022, filed with the SEC on March 7, 2022. There have been no significant changes to these policies during the three months ended April 30, 2022.

Revenue Recognition

3 Months Ended

Apr. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Disaggregation of Revenue

The following table summarizes revenue by region based on the billing address of customers:


	Three Months Ended April 30,
		2022		2021
				Amount		Percentage of Revenue		Amount		Percentage of Revenue

			(in thousands, except percentages)
Americas				$	728,381	68	%	$	635,784	66	%
Asia Pacific (“APAC”)				148,821		14		123,763		13
Europe, Middle East, and Africa (“EMEA”)				196,598		18		196,690		21
Total				$	1,073,800	100	%	$	956,237	100	%

Contract Balances

We receive payments from customers based on a billing schedule as established in our customer contracts. Accounts receivable are recorded when we contractually have the right to consideration. In some arrangements, a right to consideration for our performance under the customer contract may occur before invoicing to the customer, resulting in an unbilled accounts receivable. The amount of unbilled accounts receivable included within accounts receivable, net of allowances on the condensed consolidated balance sheets was $68.6 million and $59.7 million as of April 30, 2022 and January 31, 2022, respectively.

Contract liabilities consist of deferred revenue. Revenue is deferred when we have the right to invoice in advance of performance under a customer contract. The current portion of deferred revenue balances is recognized over the next 12 months. The amount of revenue recognized that was included in deferred revenue at the beginning of each period was $541.6 million and $419.1 million during the three months ended April 30, 2022 and 2021, respectively.

Remaining Performance Obligations

The terms of our subscription agreements are monthly, annual, and multiyear, and we may bill for the full term in advance or on an annual, quarterly, or monthly basis, depending on the billing terms with customers. As of April 30, 2022, the aggregate amount of the transaction price allocated to our remaining performance obligations was $2,990.0 million, which consists of both billed consideration in the amount of $1,331.0 million and unbilled consideration in the amount of $1,659.0 million that we expect to recognize as revenue. We expect to recognize 63% of our remaining performance obligations as revenue over the next 12 months and the remainder thereafter.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

Investments

3 Months Ended

Apr. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Investments

Marketable Securities

As of April 30, 2022 and January 31, 2022, our marketable securities consisted of the following:


	As of April 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)





Commercial paper	$	34,881	$	—	$	—	$	34,881
Agency bonds	604,439		1		(10,043)		594,397
Corporate and other debt securities	288,312		1		(3,062)		285,251
U.S. government agency securities	3,192,672		43		(46,657)		3,146,058
Treasury bills	258,595		1		(209)		258,387
Marketable securities	$	4,378,899	$	46	$	(59,971)	$	4,318,974


	As of January 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)


Commercial paper	$	28,723	$	—	$	—	$	28,723
Agency bonds	632,935		2		(3,328)		629,609
Corporate and other debt securities	282,124		5		(1,202)		280,927
U.S. government agency securities	3,046,742		28		(19,261)		3,027,509
Treasury bills	389,826		—		(148)		389,678
Marketable securities	$	4,380,350	$	35	$	(23,939)	$	4,356,446

Unrealized losses for securities that have been in an unrealized loss position for less than 12 months were $58.2 million as of April 30, 2022 and $23.3 million as of January 31, 2022. Unrealized losses for securities that have been in an unrealized loss position for 12 months or longer were immaterial as of April 30, 2022 and January 31, 2022. We review the individual securities that have unrealized losses on a regular basis to evaluate whether or not any security has experienced, or is expected to experience, credit losses resulting in the decline in fair value. We evaluate, among other factors, whether we have the intention to sell any of these marketable securities and whether it is more likely than not that we will be required to sell any of them before recovery of the amortized cost basis. We have not recorded an allowance for credit losses, as we believe any such losses would be immaterial based on the high-grade credit rating for each of our marketable securities as of the end of each period. There were no material realized gains or losses from available-for-sale securities that were reclassified out of accumulated other comprehensive income (loss) for the three months ended April 30, 2022 and 2021.

The following table presents the contractual maturities of our marketable securities as of April 30, 2022 and January 31, 2022:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Less than one year	$	2,624,024	$	2,387,139
Due in one to five years	1,694,950		1,969,307
Total	$	4,318,974	$	4,356,446

Strategic Investments

Strategic investments by form and measurement category as of April 30, 2022 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	133,013	$	102,150	$	93,653	$	328,816
Debt securities	14,344		—		—		14,344
Strategic investments	$	147,357	$	102,150	$	93,653	$	343,160

Strategic investments by form and measurement category as of January 31, 2022 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	168,784	$	91,399	$	93,400	$	353,583
Debt securities	14,231		—		—		14,231
Strategic investments	$	183,015	$	91,399	$	93,400	$	367,814

Fair Value Measurements

3 Months Ended

Apr. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following tables present information about our financial instruments that are measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value:


	As of April 30, 2022
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	1,054,691	$	1,054,691	$	—	$	—
Treasury bills	92,477		—		92,477		—
Corporate debt securities	783		—		783		—
U.S. government agency securities	4,006		—		4,006		—

Cash equivalents	1,151,957		1,054,691		97,266		—
Commercial paper	34,881		—		34,881		—
Agency bonds	594,397		—		594,397		—
Corporate and other debt securities	285,251		—		285,251		—
U.S. government agency securities	3,146,058		—		3,146,058		—
Treasury bills	258,387		—		258,387		—
Marketable securities	4,318,974		—		4,318,974		—


Publicly held equity securities included in strategic investments	133,013		133,013		—		—
Privately held debt securities included in strategic investments	14,344		—		—		14,344
Certificates of deposit included in other assets, noncurrent	274		—		274		—
Total financial assets	$	5,618,562	$	1,187,704	$	4,416,514	$	14,344


	As of January 31, 2022
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	688,722	$	688,722	$	—	$	—
Treasury bills	107,496		—		107,496		—
Corporate debt securities	749		—		749		—

Cash equivalents	796,967		688,722		108,245		—
Commercial paper	28,723		—		28,723		—
Agency bonds	629,609		—		629,609		—
Corporate and other debt securities	280,927		—		280,927		—
U.S. government agency securities	3,027,509		—		3,027,509		—
Treasury bills	389,678		—		389,678		—
Marketable securities	4,356,446		—		4,356,446		—


Certificates of deposit included in other assets, noncurrent	297		—		297		—
Publicly held equity securities included in strategic investments	168,784		168,784		—		—
Privately held debt securities included in strategic investments	14,231		—		—		14,231
Total financial assets	$	5,336,725	$	857,506	$	4,464,988	$	14,231

We classify our highly liquid money market funds and publicly held equity securities within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. We classify our commercial paper, agency bonds, corporate and other debt securities, U.S. government agency securities, treasury bills, and certificates of deposit within Level 2 because they are valued using inputs other than quoted prices that are directly or indirectly observable in the market, including readily available pricing sources for the identical underlying security, which may not be actively traded. We classify our privately held debt securities as Level 3 due to the lack of relevant observable market data over fair value inputs, such as the probability weighting of the various scenarios that can impact settlement of the arrangement.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Balance Sheet Components

3 Months Ended

Apr. 30, 2022

Balance Sheet Components [Abstract]

Balance Sheet Components

Accounts Receivable, Net

Accounts receivable are recorded for invoiced amounts and amounts for which revenue has been recognized, but not invoiced, net of allowances. Our short-term accounts receivable consist of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Accounts receivable, gross	$	511,406	$	444,369
Less: allowance for credit losses	(20,000)		(17,000)
Less: allowance for returns	(7,527)		(7,696)
Accounts receivable, net	$	483,879	$	419,673

Below is a rollforward of our allowance for credit losses for the three months ended April 30, 2022 and 2021:




	2022		2021
	(in thousands)
Balance as of January 31	$	17,000	$	20,500
Provision for credit losses	13,407		1,028
Write-offs	(10,407)		(3,528)
Balance as of April 30	$	20,000	$	18,000

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Prepaid expenses	$	102,125	$	112,666
Restricted cash from international employee stock sales	6,923		10,236

Other	33,497		22,700
Prepaid expenses and other current assets	$	142,545	$	145,602

Property and Equipment, Net

Property and equipment consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Servers	$	206,429	$	185,491
Software	66,226		59,153
Computer and office equipment	40,957		39,410
Leasehold improvements	24,562		25,340
Furniture and fixtures	4,543		4,565
Property and equipment, gross	342,717		313,959
Less: accumulated depreciation and amortization	(102,106)		(91,605)
Property and equipment, net	$	240,611	$	222,354

Depreciation and amortization expense was $15.1 million and $10.5 million for the three months ended April 30, 2022 and 2021, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Accounts receivable, noncurrent	$	58,304	$	55,643

Indefinite-lived intangible assets	24,232		21,020
Prepaid expenses, noncurrent	11,809		16,120



Other	13,382		13,978
Other assets, noncurrent	$	107,727	$	106,761

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)

Accrued expenses	$	165,916	$	149,658
Accrued compensation and benefits	152,222		126,322
Income tax liabilities	80,711		56,968
Sales and other non-income tax liabilities	36,192		33,305
Customer deposit liabilities	31,308		20,884
Operating lease liabilities, current	20,987		20,697


Other	12,765		22,581
Accrued expenses and other current liabilities	$	500,101	$	430,415

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Sales and other non-income tax liabilities	$	54,869	$	53,916



Other	20,102		14,194
Other liabilities, noncurrent	$	74,971	$	68,110

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Apr. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Non-cancelable Purchase Obligations During the three months ended April 30, 2022, there have been no material changes to our non-cancelable purchase obligations from those disclosed in Note 8. “Commitments and Contingencies” in the notes to consolidated financial statements included in our Annual Report on Form 10-K for the year ended January 31, 2022, filed with the SEC on March 7, 2022. Other Contingencies In June 2020 we received a grand jury subpoena from the Department of Justice’s U.S. Attorney’s Office for Eastern District of New York (“EDNY”), which requested information regarding our interactions with foreign governments and foreign political parties, including the Chinese government, as well as information regarding storage of and access to user data, the development and implementation of Zoom’s privacy policies, and the actions we took relating to the Tiananmen commemorations on Zoom. In July 2020, we received subpoenas from the Department of Justice’s U.S. Attorney’s Office for the Northern District of California (“NDCA”) and the SEC. Both subpoenas seek documents and information relating to various security, data protection and privacy matters, including our encryption, and our statements relating thereto, as well as calculation of usage metrics and related public statements. In addition, the NDCA subpoena seeks information relating to any contacts between our employees and representatives of the Chinese government, and any attempted or successful influence by any foreign government in our policies, procedures, practices, and actions as they relate to users in the United States. We have since received additional subpoenas from EDNY and NDCA seeking related information. We are fully cooperating with all of these investigations and have been conducting our own thorough internal investigation. These investigations are ongoing, and we do not know when they will be completed, which facts we will ultimately discover as a result of the investigations, or what actions the government may or may not take. We cannot predict the outcome of these investigations, and a negative outcome in any or all of these matters could cause us to incur substantial fines, penalties, or other financial exposure. Legal Proceedings On April 7, 2020, and April 8, 2020, securities class action complaints were filed against us and two of our officers in the United States District Court for the NDCA. The plaintiffs are purported stockholders of the Company. The complaints allege, among other things, that we violated Sections 10(b) and 20(a) of the Exchange Act, and Rule 10b-5 by making false and misleading statements and omissions of material fact about our data privacy and security measures. The complaints seek unspecified damages, interest, fees, and costs. On May 18, 2020, the actions were consolidated. On November 4, 2020, the court appointed a lead plaintiff. On December 23, 2020, the lead plaintiff filed a consolidated complaint. We filed a motion to dismiss the consolidated complaint on May 20, 2021. Plaintiff filed an opposition to our motion to dismiss on July 9, 2021. Our reply in support of the motion to dismiss was filed on August 9, 2021. On February 16, 2022, the court granted in part, and denied in part, our motion to dismiss. On March 14, 2022, we moved for reconsideration of the court’s ruling on the motion to dismiss. On March 22, 2022, the court ordered plaintiff to respond to our motion, which Plaintiff did on March 29, 2022. On April 22, 2022, we answered the complaint. On June 11, 2020 and July 30, 2020, purported shareholder derivative complaints were filed in the United States District Court for the District of Delaware. The first complaint names as defendants nine of our officers and directors, and the second complaint names eight of our officers and directors. The lawsuits assert state and federal claims and are based on the same alleged misstatements as the shareholder class action complaint. The lawsuits accuse our board of directors of failing to exercise reasonable and prudent supervision over our management, policies, practices, and internal controls. The plaintiffs seek unspecified monetary damages on behalf of us as well as governance reforms. On September 25, 2020, the derivative cases were consolidated. The consolidated case is stayed pending resolution of the motion to dismiss the securities class action. On October 27, 2021, a third substantially identical lawsuit was filed in the same court against the same defendants, seeking unspecified monetary damages and governance reforms. On November 17, 2021, all three derivative lawsuits were consolidated and remain stayed pending resolution of the motion to dismiss the securities class action. We believe these lawsuits are without merit, and we are vigorously defending ourselves against them. Given the uncertainty of litigation, the preliminary stage of the cases, and the legal standards that must be met for, among other things, class certification and success on the merits, we cannot estimate the reasonably possible loss or range of loss that may result from these actions. Beginning on March 30, 2020, multiple putative class actions were filed against us in various U.S. federal district courts and state courts relating to our alleged privacy and security practices, including alleged data sharing with third parties (the “U.S. Privacy Class Actions”). The plaintiffs claim violations of a variety of state consumer protection and privacy laws, and also assert state constitutional and common law claims, such as negligence and unjust enrichment. The U.S. Privacy Class Actions seek to certify both nationwide and state-specific classes of individuals using our services in certain time periods. The plaintiffs seek various forms of injunctive and monetary relief, including restitution, statutory and actual damages, punitive damages, and attorneys’ fees. The federal cases have been transferred to and consolidated in the NDCA with our consent; lead plaintiffs’ counsel have been appointed; and plaintiffs filed their first amended consolidated class action complaint on October 28, 2020. On March 11, 2021, the court granted in part, and denied in part, our motion to dismiss, and gave plaintiffs leave to amend. On July 30, 2021, we entered into a settlement agreement with plaintiffs to settle the action on a classwide basis, and plaintiffs filed a motion for preliminary approval of the settlement with the court on July 31, 2021. On October 21, 2021, the Court preliminarily approved the settlement. Under the terms of the settlement, we have paid $85.0 million into an escrow account that will be used to pay claims filed by settlement class members, attorneys’ fees and expenses, administrative costs, and service payments to plaintiffs. On April 21, 2022, the Court granted final approval of the settlement. On May 19, 2022, two objectors to the settlement appealed the Court's final approval order. In addition, from time to time, we are involved in various other legal proceedings arising from the normal course of business activities. We are not presently a party to any other such litigation the outcome of which, we believe, if determined adversely to us, would individually, or taken together, have a material adverse effect on our business, operating results, cash flows, or financial condition. Defending such proceedings is costly and can impose a significant burden on management and employees. We may receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurances that favorable final outcomes will be obtained.

Stockholders’ Equity and Equity Incentive Plans

3 Months Ended

Apr. 30, 2022

Stockholders' Equity Note [Abstract]

Stockholders’ Equity and Equity Incentive Plans

Common Stock

Our amended and restated certificate of incorporation authorizes the issuance of 2,000,000,000 shares of Class A common stock, $0.001 par value per share, and 300,000,000 shares of Class B common stock, $0.001 par value per share. Class A and Class B common stock are referred to as common stock throughout the notes to the condensed consolidated financial statements, unless otherwise noted.

Stock Repurchase Plan

In February 2022, our Board of Directors authorized a stock repurchase program of up to $1.0 billion of our Class A common stock, which expires in February 2024. Repurchases of our Class A common stock may be effected from time to time, either on the open market (including preset trading plans), in privately negotiated transactions, and other transactions in accordance with applicable securities laws. The program does not obligate us to repurchase any specific number of shares and may be discontinued at any time.

During the three-months ended April 30, 2022, we repurchased and subsequently retired 1,224,250 shares of our Class A common stock for an aggregate amount of $132.4 million. As of April 30, 2022, $867.6 million of the repurchase authorization remained available.

Equity Incentive Plans

We have two equity incentive plans: the 2011 Global Share Plan (“2011 Plan”) and the 2019 Equity Incentive Plan (“2019 Plan”). All shares that remain available for future grants are under the 2019 Plan.

Stock Options

A summary of stock option activity under our equity incentive plan and related information is as follows:


	Stock Options
	Outstanding Stock Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value

	(in thousands, except share, life, and per share data)
Balance as of January 31, 2022	6,195,205	$	8.08	6.0	$	905,744
Exercised	(543,518)	$	5.99		$	60,844
Canceled/forfeited/expired	(57,576)	$	22.75
Outstanding as of April 30, 2022	5,594,111	$	8.13	5.8	$	511,520
Vested and expected to vest as of April 30, 2022	5,594,111	$	8.13	5.8	$	511,520
Exercisable as of April 30, 2022	4,823,299	$	6.25	5.6	$	450,113

As of April 30, 2022, unrecognized stock-based compensation expense related to outstanding unvested stock options was $12.7 million, which is expected to be recognized over a weighted-average period of 0.6 years.

Restricted Stock Units

A summary of restricted stock unit (“RSU”) activity under our equity incentive plan and related information is as follows:


	RSUs
	Unvested RSUs	Weighted- Average Grant Date Fair Value Per Share
Unvested as of January 31, 2022	5,546,366	$	232.58
Granted	4,948,266	$	108.15

Vested	(467,160)	$	230.67
Canceled/forfeited	(342,851)	$	192.07
Unvested as of April 30, 2022	9,684,621	$	170.51

In March 2022, an update made to our equity compensation program resulted in the modification of the value of RSUs offered to our employees. This had an immaterial impact on our condensed consolidated statement of operations for the three months ended April 30, 2022.

As of April 30, 2022, unrecognized stock-based compensation expense related to RSUs was $2,173.6 million, including the impact of the modification, which is expected to be recognized over a weighted-average period of 3.0 years.

2019 Employee Stock Purchase Plan

In April 2019, we adopted the 2019 Employee Stock Purchase Plan (“ESPP”). As of April 30, 2022, unrecognized stock-based compensation expense related to the ESPP was $51.9 million, which is expected to be recognized over a weighted-average period of 1.3 years.

Stock-Based Compensation

The stock-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows:


	Three Months Ended April 30,
			2022		2021

		(in thousands)
Cost of revenue			$	31,150	$	14,066
Research and development			55,751		20,819
Sales and marketing			93,795		51,812
General and administrative			28,667		12,272
Total stock-based compensation expense			209,363		98,969
Benefit from income taxes			(42,915)		—
Total stock-based compensation expense recorded to net income			$	166,448	$	98,969

Income Taxes

3 Months Ended

Apr. 30, 2022

Income Tax Disclosure [Abstract]

Income Taxes

We compute our provision for income taxes by applying the estimated annual effective tax rate to year-to-date ordinary income and adjust the provision for discrete tax items recorded in the period. In each quarter, we update the estimated annual effective tax rate and make a year-to-date adjustment to the provision. The estimated annual effective tax rate is subject to significant volatility due to several factors, including our ability to accurately predict the proportion of our pretax income in multiple jurisdictions and certain book-tax differences.

The following table provides details of the provision for income taxes:


	Three Months Ended April 30,
			2022			2021

		(in thousands, except percentages)
Income before provision for income taxes			$	143,672		$	228,931
Provision for income taxes			30,014			1,400
Effective tax rate			20.9		%	0.6		%

The provision for income taxes was $30.0 million and $1.4 million for the three months ended April 30, 2022 and 2021, respectively. The year-over-year increase in effective tax rate for the three-month period ended April 30, 2022 was due primarily to the valuation allowance on the U.S. deferred tax assets as of April 30, 2021, which was released in the fourth quarter of fiscal year 2022. For the three months ended April 30, 2022, the effective tax rate differed from the U.S. federal statutory rate due primarily to stock-based compensation for tax purposes, offset by research credits and the foreign-derived intangible income deduction. For the three months ended April 30, 2021, the effective tax rate differed from the U.S. federal statutory rate due primarily to the valuation allowance on the U.S. deferred tax assets.

The realization of tax benefits of net deferred tax assets is dependent upon future levels of taxable income, of an appropriate character, in the periods the items are expected to be deductible or taxable. Based on the available objective evidence during the three months ended April 30, 2022, we continue to believe that it is more likely than not that the tax benefits of the U.K. net deferred tax assets may not be realized. Accordingly, we maintained a full valuation allowance against the tax benefits of these net deferred tax assets. We intend to maintain the full valuation allowance until sufficient positive evidence exists to support a reversal of, or decrease in, the valuation allowance.

During the three months ended April 30, 2022, there were no material changes to the total amount of unrecognized tax benefits and we do not expect any significant changes in the next 12 months.

As required by the 2017 Tax Cuts and Jobs Act, we are capitalizing research and development expenses incurred in fiscal year 2023. These expenses are capitalized and amortized over five years for domestic research and fifteen years for international research. The mandatory capitalization requirement increases our cash tax liabilities but also decreases our effective tax rate due to increasing the foreign-derived intangible income deduction. The cash flow impact will decrease over time as capitalized research and development expenditures continue to amortize.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Net Income Per Share Attributable to Common Stockholders

3 Months Ended

Apr. 30, 2022

Earnings Per Share [Abstract]

Net Income Per Share Attributable to Common Stockholders

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


	Three Months Ended April 30,
		2022		2021
				Class A		Class B		Class A		Class B
			(in thousands, except share and per share data)
Numerator:
Net income				$	95,289	$	18,369	$	177,405	$	50,126
Less: undistributed earnings attributable to participating securities				—		(18)		—		(148)
Net income attributable to common stockholders, basic				$	95,289	$	18,351	$	177,405	$	49,978
Reallocation of net income attributable to common stockholders				(1,498)		1,498		(4,308)		4,308
Net income attributable to common stockholders, diluted				$	93,791	$	19,849	$	173,097	$	54,286
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic				250,840,017		48,307,088		229,220,253		64,574,525
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted				253,035,897		53,578,323		232,497,872		72,914,547
Net income per share attributable to common stockholders, basic				$	0.38	$	0.38	$	0.77	$	0.77
Net income per share attributable to common stockholders, diluted				$	0.37	$	0.37	$	0.74	$	0.74

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


	Three Months Ended April 30,
		2022	2021
			Class A	Class B	Class A	Class B
Unvested RSUs			3,775,393	—	279,046	—
Purchase rights committed under the ESPP			232,870	—	21,830	—


Total			4,008,263	—	300,876	—

The table above does not include 405,156 shares of issued Class A common stock held by us as of April 30, 2022 and 2021 that are reserved for the sole purpose of being transferred to nonprofit organizations.

Subsequent Events	3 Months Ended
Subsequent Events	Apr. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsIn May 2022, we acquired a private technology company specializing in conversational AI with an automation platform for customer support. The acquisition expands the features of our contact center platform. The total purchase consideration will be paid in cash from our existing balances of cash and cash equivalents.

Summary of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and applicable regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting, and include the accounts of Zoom Video Communications, Inc., its subsidiaries, and variable interest entities for which we are the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of January 31, 2022 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including certain notes required by GAAP on an annual reporting basis. The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the balance sheets, statements of operations, statements of comprehensive income, statements of stockholders’ equity, and statements of cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year or any future period.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates and assumptions include, but are not limited to, the estimated expected benefit period for deferred contract acquisition costs, the useful lives of long-lived assets, the incremental borrowing rate for operating leases, stock-based compensation expense, sales and other tax liabilities, the fair value of marketable securities and strategic investments, acquired intangible assets and goodwill, the valuation of deferred income tax assets and uncertain tax positions, and accruals and contingencies. Actual results could materially differ from those estimates.

Revenue Recognition (Tables)

3 Months Ended

Apr. 30, 2022

Revenue from Contract with Customer [Abstract]

Summary Disaggregation of Revenue by Region

The following table summarizes revenue by region based on the billing address of customers:


	Three Months Ended April 30,
		2022		2021
				Amount		Percentage of Revenue		Amount		Percentage of Revenue

			(in thousands, except percentages)
Americas				$	728,381	68	%	$	635,784	66	%
Asia Pacific (“APAC”)				148,821		14		123,763		13
Europe, Middle East, and Africa (“EMEA”)				196,598		18		196,690		21
Total				$	1,073,800	100	%	$	956,237	100	%

Investments (Tables)

3 Months Ended

Apr. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Summary of Marketable Securities

As of April 30, 2022 and January 31, 2022, our marketable securities consisted of the following:


	As of April 30, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)





Commercial paper	$	34,881	$	—	$	—	$	34,881
Agency bonds	604,439		1		(10,043)		594,397
Corporate and other debt securities	288,312		1		(3,062)		285,251
U.S. government agency securities	3,192,672		43		(46,657)		3,146,058
Treasury bills	258,595		1		(209)		258,387
Marketable securities	$	4,378,899	$	46	$	(59,971)	$	4,318,974


	As of January 31, 2022
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)


Commercial paper	$	28,723	$	—	$	—	$	28,723
Agency bonds	632,935		2		(3,328)		629,609
Corporate and other debt securities	282,124		5		(1,202)		280,927
U.S. government agency securities	3,046,742		28		(19,261)		3,027,509
Treasury bills	389,826		—		(148)		389,678
Marketable securities	$	4,380,350	$	35	$	(23,939)	$	4,356,446

Summary of Contractual Maturities of Marketable Securities

The following table presents the contractual maturities of our marketable securities as of April 30, 2022 and January 31, 2022:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Less than one year	$	2,624,024	$	2,387,139
Due in one to five years	1,694,950		1,969,307
Total	$	4,318,974	$	4,356,446

Summary of Strategic Investments

Strategic investments by form and measurement category as of April 30, 2022 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	133,013	$	102,150	$	93,653	$	328,816
Debt securities	14,344		—		—		14,344
Strategic investments	$	147,357	$	102,150	$	93,653	$	343,160

Strategic investments by form and measurement category as of January 31, 2022 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	168,784	$	91,399	$	93,400	$	353,583
Debt securities	14,231		—		—		14,231
Strategic investments	$	183,015	$	91,399	$	93,400	$	367,814

Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis


	As of April 30, 2022
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	1,054,691	$	1,054,691	$	—	$	—
Treasury bills	92,477		—		92,477		—
Corporate debt securities	783		—		783		—
U.S. government agency securities	4,006		—		4,006		—

Cash equivalents	1,151,957		1,054,691		97,266		—
Commercial paper	34,881		—		34,881		—
Agency bonds	594,397		—		594,397		—
Corporate and other debt securities	285,251		—		285,251		—
U.S. government agency securities	3,146,058		—		3,146,058		—
Treasury bills	258,387		—		258,387		—
Marketable securities	4,318,974		—		4,318,974		—


Publicly held equity securities included in strategic investments	133,013		133,013		—		—
Privately held debt securities included in strategic investments	14,344		—		—		14,344
Certificates of deposit included in other assets, noncurrent	274		—		274		—
Total financial assets	$	5,618,562	$	1,187,704	$	4,416,514	$	14,344


	As of January 31, 2022
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	688,722	$	688,722	$	—	$	—
Treasury bills	107,496		—		107,496		—
Corporate debt securities	749		—		749		—

Cash equivalents	796,967		688,722		108,245		—
Commercial paper	28,723		—		28,723		—
Agency bonds	629,609		—		629,609		—
Corporate and other debt securities	280,927		—		280,927		—
U.S. government agency securities	3,027,509		—		3,027,509		—
Treasury bills	389,678		—		389,678		—
Marketable securities	4,356,446		—		4,356,446		—


Certificates of deposit included in other assets, noncurrent	297		—		297		—
Publicly held equity securities included in strategic investments	168,784		168,784		—		—
Privately held debt securities included in strategic investments	14,231		—		—		14,231
Total financial assets	$	5,336,725	$	857,506	$	4,464,988	$	14,231

Balance Sheet Components (Tables)

3 Months Ended

Apr. 30, 2022

Balance Sheet Components [Abstract]

Schedule of Accounts Receivable

Our short-term accounts receivable consist of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Accounts receivable, gross	$	511,406	$	444,369
Less: allowance for credit losses	(20,000)		(17,000)
Less: allowance for returns	(7,527)		(7,696)
Accounts receivable, net	$	483,879	$	419,673

Accounts Receivable, Allowance for Credit Loss

Below is a rollforward of our allowance for credit losses for the three months ended April 30, 2022 and 2021:




	2022		2021
	(in thousands)
Balance as of January 31	$	17,000	$	20,500
Provision for credit losses	13,407		1,028
Write-offs	(10,407)		(3,528)
Balance as of April 30	$	20,000	$	18,000

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Prepaid expenses	$	102,125	$	112,666
Restricted cash from international employee stock sales	6,923		10,236

Other	33,497		22,700
Prepaid expenses and other current assets	$	142,545	$	145,602

Schedule of Property and Equipment

Property and equipment consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Servers	$	206,429	$	185,491
Software	66,226		59,153
Computer and office equipment	40,957		39,410
Leasehold improvements	24,562		25,340
Furniture and fixtures	4,543		4,565
Property and equipment, gross	342,717		313,959
Less: accumulated depreciation and amortization	(102,106)		(91,605)
Property and equipment, net	$	240,611	$	222,354

Schedule of Other Noncurrent Assets

Other assets, noncurrent consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Accounts receivable, noncurrent	$	58,304	$	55,643

Indefinite-lived intangible assets	24,232		21,020
Prepaid expenses, noncurrent	11,809		16,120



Other	13,382		13,978
Other assets, noncurrent	$	107,727	$	106,761

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)

Accrued expenses	$	165,916	$	149,658
Accrued compensation and benefits	152,222		126,322
Income tax liabilities	80,711		56,968
Sales and other non-income tax liabilities	36,192		33,305
Customer deposit liabilities	31,308		20,884
Operating lease liabilities, current	20,987		20,697


Other	12,765		22,581
Accrued expenses and other current liabilities	$	500,101	$	430,415

Schedule of Other Liabilities Non Current

Other liabilities, noncurrent consisted of the following:


	As of
	April 30, 2022		January 31, 2022

	(in thousands)
Sales and other non-income tax liabilities	$	54,869	$	53,916



Other	20,102		14,194
Other liabilities, noncurrent	$	74,971	$	68,110

Stockholders’ Equity and Equity Incentive Plans (Tables)

3 Months Ended

Apr. 30, 2022

Stockholders' Equity Note [Abstract]

Summary of Stock Option Activity Under Equity Incentive Plan

A summary of stock option activity under our equity incentive plan and related information is as follows:


	Stock Options
	Outstanding Stock Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value

	(in thousands, except share, life, and per share data)
Balance as of January 31, 2022	6,195,205	$	8.08	6.0	$	905,744
Exercised	(543,518)	$	5.99		$	60,844
Canceled/forfeited/expired	(57,576)	$	22.75
Outstanding as of April 30, 2022	5,594,111	$	8.13	5.8	$	511,520
Vested and expected to vest as of April 30, 2022	5,594,111	$	8.13	5.8	$	511,520
Exercisable as of April 30, 2022	4,823,299	$	6.25	5.6	$	450,113

Summary of Restricted Stock Units (RSUs) Activity Under Equity Incentive Plan

A summary of restricted stock unit (“RSU”) activity under our equity incentive plan and related information is as follows:


	RSUs
	Unvested RSUs	Weighted- Average Grant Date Fair Value Per Share
Unvested as of January 31, 2022	5,546,366	$	232.58
Granted	4,948,266	$	108.15

Vested	(467,160)	$	230.67
Canceled/forfeited	(342,851)	$	192.07
Unvested as of April 30, 2022	9,684,621	$	170.51

Summary of Stock-based Compensation Expense by Line Item

The stock-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows:


	Three Months Ended April 30,
			2022		2021

		(in thousands)
Cost of revenue			$	31,150	$	14,066
Research and development			55,751		20,819
Sales and marketing			93,795		51,812
General and administrative			28,667		12,272
Total stock-based compensation expense			209,363		98,969
Benefit from income taxes			(42,915)		—
Total stock-based compensation expense recorded to net income			$	166,448	$	98,969

Income Taxes (Tables)

3 Months Ended

Apr. 30, 2022

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The following table provides details of the provision for income taxes:


	Three Months Ended April 30,
			2022			2021

		(in thousands, except percentages)
Income before provision for income taxes			$	143,672		$	228,931
Provision for income taxes			30,014			1,400
Effective tax rate			20.9		%	0.6		%

Net Income Per Share Attributable to Common Stockholders (Tables)

3 Months Ended

Apr. 30, 2022

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Income Per Share

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


	Three Months Ended April 30,
		2022		2021
				Class A		Class B		Class A		Class B
			(in thousands, except share and per share data)
Numerator:
Net income				$	95,289	$	18,369	$	177,405	$	50,126
Less: undistributed earnings attributable to participating securities				—		(18)		—		(148)
Net income attributable to common stockholders, basic				$	95,289	$	18,351	$	177,405	$	49,978
Reallocation of net income attributable to common stockholders				(1,498)		1,498		(4,308)		4,308
Net income attributable to common stockholders, diluted				$	93,791	$	19,849	$	173,097	$	54,286
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic				250,840,017		48,307,088		229,220,253		64,574,525
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted				253,035,897		53,578,323		232,497,872		72,914,547
Net income per share attributable to common stockholders, basic				$	0.38	$	0.38	$	0.77	$	0.77
Net income per share attributable to common stockholders, diluted				$	0.37	$	0.37	$	0.74	$	0.74

Summary of Potential Shares of Common Stock Excluded from Computation of Diluted Net Income Per Share Attributable to Common Stockholders


	Three Months Ended April 30,
		2022	2021
			Class A	Class B	Class A	Class B
Unvested RSUs			3,775,393	—	279,046	—
Purchase rights committed under the ESPP			232,870	—	21,830	—


Total			4,008,263	—	300,876	—

Revenue Recognition - Summary Disaggregation of Revenue by Region (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 1,073,800	$ 956,237
Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue		$ 956,237
Percentage of revenue	100.00%	100.00%
Americas
Disaggregation of Revenue [Line Items]
Revenue	$ 728,381
Americas \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue		$ 635,784
Percentage of revenue	68.00%	66.00%
Asia Pacific (“APAC”)
Disaggregation of Revenue [Line Items]
Revenue	$ 148,821
Asia Pacific (“APAC”) \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue		$ 123,763
Percentage of revenue	14.00%	13.00%
Europe, Middle East, and Africa (“EMEA”)
Disaggregation of Revenue [Line Items]
Revenue	$ 196,598
Europe, Middle East, and Africa (“EMEA”) \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue		$ 196,690
Percentage of revenue	18.00%	21.00%

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Jan. 31, 2022
Revenue from Contract with Customer [Abstract]
Unbilled contracts receivable	$ 68.6		$ 59.7
Revenue recognized included in deferred revenue	$ 541.6	$ 419.1

Revenue Recognition - Remaining Performance Obligation (Details) $ in Millions	Apr. 30, 2022 USD ($)
Disaggregation of Revenue [Line Items]
Remaining performance obligation	$ 2,990.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	63.00%
Revenue remaining performance obligation, expected timing of satisfaction period	12 months
Billed consideration
Disaggregation of Revenue [Line Items]
Remaining performance obligation	$ 1,331.0
Unbilled consideration
Disaggregation of Revenue [Line Items]
Remaining performance obligation	$ 1,659.0

Investments - Summary of Marketable Securities (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Marketable Securities [Line Items]
Amortized Cost	$ 4,378,899	$ 4,380,350
Gross Unrealized Gains	46	35
Gross Unrealized Losses	(59,971)	(23,939)
Estimated Fair Value	4,318,974	4,356,446
Commercial paper
Marketable Securities [Line Items]
Amortized Cost	34,881	28,723
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	34,881	28,723
Agency bonds
Marketable Securities [Line Items]
Amortized Cost	604,439	632,935
Gross Unrealized Gains	1	2
Gross Unrealized Losses	(10,043)	(3,328)
Estimated Fair Value	594,397	629,609
Corporate and other debt securities
Marketable Securities [Line Items]
Amortized Cost	288,312	282,124
Gross Unrealized Gains	1	5
Gross Unrealized Losses	(3,062)	(1,202)
Estimated Fair Value	285,251	280,927
U.S. government agency securities
Marketable Securities [Line Items]
Amortized Cost	3,192,672	3,046,742
Gross Unrealized Gains	43	28
Gross Unrealized Losses	(46,657)	(19,261)
Estimated Fair Value	3,146,058	3,027,509
Treasury bills
Marketable Securities [Line Items]
Amortized Cost	258,595	389,826
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(209)	(148)
Estimated Fair Value	$ 258,387	$ 389,678

Investments - Additional Information (Details) - USD ($) $ in Millions	Apr. 30, 2022	Apr. 30, 2021
Investments, Debt and Equity Securities [Abstract]
Unrealized losses for securities in unrealized loss position	$ 58.2	$ 23.3

Investments - Summary of Contractual Maturities of Marketable Securities (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Less than one year	$ 2,624,024	$ 2,387,139
Due in one to five years	1,694,950	1,969,307
Total	$ 4,318,974	$ 4,356,446

Investments - Schedule of Strategic Investments (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement Alternative	$ 102,150	$ 91,399
Equity Method	93,653	93,400
Total equity securities	328,816	353,583
Debt securities	14,344	14,231
Fair value of strategic investments	147,357	183,015
Total strategic investments	343,160	367,814
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	133,013	168,784
Debt securities	$ 14,344	$ 14,231

Fair Value Measurements (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Financial Assets:
Marketable securities	$ 4,318,974	$ 4,356,446
Commercial paper
Financial Assets:
Marketable securities	34,881	28,723
Agency bonds
Financial Assets:
Marketable securities	594,397	629,609
Corporate and other debt securities
Financial Assets:
Marketable securities	285,251	280,927
U.S. government agency securities
Financial Assets:
Marketable securities	3,146,058	3,027,509
Fair Value, Recurring Basis
Financial Assets:
Cash equivalents	1,151,957	796,967
Marketable securities	4,318,974	4,356,446
Publicly held equity securities included in strategic investments	133,013	168,784
Total financial assets	5,618,562	5,336,725
Fair Value, Recurring Basis \| Commercial paper
Financial Assets:
Marketable securities	34,881	28,723
Fair Value, Recurring Basis \| Agency bonds
Financial Assets:
Marketable securities	594,397	629,609
Fair Value, Recurring Basis \| Corporate and other debt securities
Financial Assets:
Marketable securities	285,251	280,927
Fair Value, Recurring Basis \| U.S. government agency securities
Financial Assets:
Marketable securities	3,146,058	3,027,509
Fair Value, Recurring Basis \| Treasury bills
Financial Assets:
Marketable securities	258,387	389,678
Fair Value, Recurring Basis \| Certificates of deposit
Financial Assets:
Certificates of deposit included in other assets, noncurrent	274	297
Fair Value, Recurring Basis \| Privately held debt securities included in strategic investments
Financial Assets:
Marketable securities	14,344	14,231
Fair Value, Recurring Basis \| Money market funds
Financial Assets:
Cash equivalents	1,054,691	688,722
Fair Value, Recurring Basis \| Treasury bills
Financial Assets:
Cash equivalents	92,477	107,496
Fair Value, Recurring Basis \| Corporate debt securities
Financial Assets:
Cash equivalents	783	749
Fair Value, Recurring Basis \| U.S. government agency securities
Financial Assets:
Cash equivalents	4,006
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1
Financial Assets:
Cash equivalents	1,054,691	688,722
Marketable securities	0	0
Publicly held equity securities included in strategic investments	133,013	168,784
Total financial assets	1,187,704	857,506
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| Commercial paper
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| Agency bonds
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| Corporate and other debt securities
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| U.S. government agency securities
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| Treasury bills
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| Certificates of deposit
Financial Assets:
Certificates of deposit included in other assets, noncurrent	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| Privately held debt securities included in strategic investments
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| Money market funds
Financial Assets:
Cash equivalents	1,054,691	688,722
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| Treasury bills
Financial Assets:
Cash equivalents	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| Corporate debt securities
Financial Assets:
Cash equivalents	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1 \| U.S. government agency securities
Financial Assets:
Cash equivalents	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2
Financial Assets:
Cash equivalents	97,266	108,245
Marketable securities	4,318,974	4,356,446
Publicly held equity securities included in strategic investments		0
Total financial assets	4,416,514	4,464,988
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Commercial paper
Financial Assets:
Marketable securities	34,881	28,723
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Agency bonds
Financial Assets:
Marketable securities	594,397	629,609
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Corporate and other debt securities
Financial Assets:
Marketable securities	285,251	280,927
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| U.S. government agency securities
Financial Assets:
Marketable securities	3,146,058	3,027,509
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Treasury bills
Financial Assets:
Marketable securities	258,387	389,678
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Certificates of deposit
Financial Assets:
Certificates of deposit included in other assets, noncurrent	274	297
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Privately held debt securities included in strategic investments
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Money market funds
Financial Assets:
Cash equivalents	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Treasury bills
Financial Assets:
Cash equivalents	92,477	107,496
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Corporate debt securities
Financial Assets:
Cash equivalents	783	749
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| U.S. government agency securities
Financial Assets:
Cash equivalents	4,006
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3
Financial Assets:
Cash equivalents	0	0
Marketable securities	0	0
Publicly held equity securities included in strategic investments		0
Total financial assets	14,344	14,231
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| Commercial paper
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| Agency bonds
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| Corporate and other debt securities
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| U.S. government agency securities
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| Treasury bills
Financial Assets:
Marketable securities	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| Certificates of deposit
Financial Assets:
Certificates of deposit included in other assets, noncurrent	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| Privately held debt securities included in strategic investments
Financial Assets:
Marketable securities	14,344	14,231
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| Money market funds
Financial Assets:
Cash equivalents	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| Treasury bills
Financial Assets:
Cash equivalents	0	0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| Corporate debt securities
Financial Assets:
Cash equivalents	0	$ 0
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3 \| U.S. government agency securities
Financial Assets:
Cash equivalents	$ 0

Balance Sheet Components - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021	Jan. 31, 2021
Property, Plant and Equipment [Abstract]
Accounts receivable, gross	$ 511,406	$ 444,369
Less: allowance for credit losses	(20,000)	(17,000)	$ (18,000)	$ (20,500)
Less: allowance for returns	(7,527)	(7,696)
Accounts Receivable, after Allowance for Credit Loss, Total	$ 483,879	$ 419,673

Balance Sheet Components - Rollforward of Allowance For Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 17,000	$ 20,500
Provision for credit losses	13,407	1,028
Write-offs	(10,407)	(3,528)
Ending balance	$ 20,000	$ 18,000

Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Balance Sheet Components [Abstract]
Prepaid expenses	$ 102,125	$ 112,666
Restricted cash from international employee stock sales	6,923	10,236
Other	33,497	22,700
Prepaid expenses and other current assets	$ 142,545	$ 145,602

Balance Sheet Components - Schedule of Property and Equipment Net (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 342,717	$ 313,959
Less: accumulated depreciation and amortization	(102,106)	(91,605)
Property and equipment, net	240,611	222,354
Servers
Property, Plant and Equipment [Line Items]
Property and equipment, gross	206,429	185,491
Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	66,226	59,153
Computer and office equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	40,957	39,410
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	24,562	25,340
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,543	$ 4,565

Balance Sheet Components - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Balance Sheet Components [Abstract]
Depreciation and amortization expense	$ 15.1	$ 10.5

Balance Sheet Components - Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Balance Sheet Components [Abstract]
Accounts receivable, noncurrent	$ 58,304	$ 55,643
Indefinite-lived intangible assets	24,232	21,020
Prepaid expenses, noncurrent	11,809	16,120
Other	13,382	13,978
Other assets, noncurrent	$ 107,727	$ 106,761

Balance Sheet Components - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Balance Sheet Components [Abstract]
Accrued expenses	$ 165,916	$ 149,658
Accrued compensation and benefits	152,222	126,322
Income tax liabilities	80,711	56,968
Sales and other non-income tax liabilities	36,192	33,305
Customer deposit liabilities	31,308	20,884
Operating lease liabilities, current	20,987	20,697
Other	12,765	22,581
Accrued expenses and other current liabilities	$ 500,101	$ 430,415

Balance Sheet Components - Schedule of Other Liabilities Non Current (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022
Balance Sheet Components [Abstract]
Sales and other non-income tax liabilities	$ 54,869	$ 53,916
Other	20,102	14,194
Other liabilities, noncurrent	$ 74,971	$ 68,110

Commitments and Contingencies (Details) $ in Millions	Oct. 21, 2021 USD ($)	Jul. 30, 2020 officer	Jun. 11, 2020 officer	Apr. 08, 2020 officer	Nov. 17, 2021 lawsuit
Other Commitments [Line Items]
Number of derivative lawsuits \| lawsuit					3
Violation Of Securities Act Section 10(b), 20(a), and Rule 10b-5
Other Commitments [Line Items]
Loss contingency, number of defendants \| officer		8	9	2
U.S. Privacy Class Actions
Other Commitments [Line Items]
Payments for legal settlements \| $	$ 85.0

Stockholders’ Equity and Equity Incentive Plans - Additional Information (Details)	3 Months Ended
	Apr. 30, 2022 USD ($) plan $ / shares shares	Feb. 28, 2022 USD ($)	Jan. 31, 2022 $ / shares shares	Apr. 30, 2019 $ / shares shares
Class of Stock [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001		$ 0.001
Stock repurchase plan, authorized amount		$ 1,000,000,000
Stock repurchased and retired during period (in shares) \| shares	1,224,250
Stock repurchased and retired during period	$ 132,400,000
Remaining authorized amount	$ 867,600,000
Number of equity incentive plans \| plan	2
Stock options
Class of Stock [Line Items]
Unrecognized stock-based compensation expenses related to outstanding unvested stock options	$ 12,700,000
Unrecognized stock-based compensation excepted to be recognized over a weighted-average period	7 months 6 days
RSUs
Class of Stock [Line Items]
Unrecognized stock-based compensation excepted to be recognized over a weighted-average period	3 years
Unrecognized stock-based compensation expenses	$ 2,173,600,000
Employee Stock Purchase Plan
Class of Stock [Line Items]
Unrecognized stock-based compensation excepted to be recognized over a weighted-average period	1 year 3 months 18 days
Unrecognized stock-based compensation expenses	$ 51,900,000
Class A Common Stock
Class of Stock [Line Items]
Common stock, authorized (in shares) \| shares	2,000,000,000		2,000,000,000
Class A Common Stock \| Initial public offering
Class of Stock [Line Items]
Common stock, authorized (in shares) \| shares				2,000,000,000
Common stock, par value (in dollars per share) \| $ / shares				$ 0.001
Class B Common Stock
Class of Stock [Line Items]
Common stock, authorized (in shares) \| shares	300,000,000		300,000,000
Class B Common Stock \| Initial public offering
Class of Stock [Line Items]
Common stock, authorized (in shares) \| shares				300,000,000
Common stock, par value (in dollars per share) \| $ / shares				$ 0.001

Stockholders’ Equity and Equity Incentive Plans - Summary of Stock Option Activity Under Equity Incentive Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2022	Jan. 31, 2022
Outstanding Stock Options
Beginning balance (in shares)	6,195,205
Exercised (in shares)	(543,518)
Cancelled/forfeited/expired (in shares)	(57,576)
Ending balance (in shares)	5,594,111	6,195,205
Vested and expected to vest (in shares)	5,594,111
Exercisable (in shares)	4,823,299
Weighted- Average Exercise Price
Beginning balance (in dollars per share)	$ 8.08
Exercised (in dollars per share)	5.99
Cancelled/forfeited/expired (in dollars per share)	22.75
Ending balance (in dollars per share)	8.13	$ 8.08
Weighted average exercise price, vested and expected to vest (in dollars per share)	8.13
Weighted average exercise price, exercisable (in dollars per share)	$ 6.25
Weighted- Average Remaining Contractual Life (Years)
Outstanding	5 years 9 months 18 days	6 years
Vested and expected to vest	5 years 9 months 18 days
Weighted-average remaining contractual life (years), exercisable	5 years 7 months 6 days
Aggregate Intrinsic Value
Outstanding	$ 511,520	$ 905,744
Exercised	60,844
Vested and expected to vest	511,520
Options outstanding, aggregate intrinsic value, exercisable	$ 450,113

Stockholders’ Equity and Equity Incentive Plans - Summary of Restricted Stock Units Activity Under Equity Incentive Plan (Details) - RSUs	3 Months Ended
	Apr. 30, 2022 $ / shares shares
Unvested RSUs
Beginning balance (in shares) \| shares	5,546,366
Granted (in shares) \| shares	4,948,266
Vested (in shares) \| shares	(467,160)
Cancelled/forfeited (in shares) \| shares	(342,851)
Ending balance (in shares) \| shares	9,684,621
Weighted- Average Grant Date Fair Value Per Share
Beginning balance (in dollars per share) \| $ / shares	$ 232.58
Granted (in dollars per share) \| $ / shares	108.15
Vested (in dollars per share) \| $ / shares	230.67
Cancelled/forfeited (in dollars per share) \| $ / shares	192.07
Ending balance (in dollars per share) \| $ / shares	$ 170.51

Stockholders’ Equity and Equity Incentive Plans - Summary of Stock-based Compensation Expense by Line Item (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 209,363	$ 98,969
Benefit from income taxes	(42,915)	0
Total stock-based compensation expense recorded to net income	166,448	98,969
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	31,150	14,066
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	55,751	20,819
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	93,795	51,812
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 28,667	$ 12,272

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Apr. 30, 2021
Income Tax Disclosure [Abstract]
Income before provision for income taxes	$ 143,672	$ 228,931
Provision for income taxes	$ 30,014	$ 1,400
Effective tax rate (as a percent)	20.90%	0.60%

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123384075&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Net Income Per Share Attributable to Common Stockholders - Schedule of Computation of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Numerator:
Net income	$ 113,658	$ 227,531
Net income attributable to common stockholders	$ 113,640	$ 227,383
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	299,147,105	293,794,778
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	306,614,220	305,412,419
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 0.38	$ 0.77
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 0.37	$ 0.74
Class A Common Stock
Numerator:
Net income	$ 95,289	$ 177,405
Less: undistributed earnings attributable to participating securities	0	0
Net income attributable to common stockholders	95,289	177,405
Reallocation of net income attributable to common stockholders	(1,498)	(4,308)
Net income (loss) attributable to common stockholders, diluted	$ 93,791	$ 173,097
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	250,840,017	229,220,253
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	253,035,897	232,497,872
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 0.38	$ 0.77
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 0.37	$ 0.74
Class B Common Stock
Numerator:
Net income	$ 18,369	$ 50,126
Less: undistributed earnings attributable to participating securities	(18)	(148)
Net income attributable to common stockholders	18,351	49,978
Reallocation of net income attributable to common stockholders	1,498	4,308
Net income (loss) attributable to common stockholders, diluted	$ 19,849	$ 54,286
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	48,307,088	64,574,525
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	53,578,323	72,914,547
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 0.38	$ 0.77
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 0.37	$ 0.74

Net Income Per Share Attributable to Common Stockholders - Summary of Potential Shares of Common Stock Excluded from Computation of Diluted Net Income Per Share Attributable to Common Stockholders (Details) - shares	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	4,008,263	300,876
Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	0
Unvested RSUs \| Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	3,775,393	279,046
Unvested RSUs \| Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	0
Purchase rights committed under the ESPP \| Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	232,870	21,830
Purchase rights committed under the ESPP \| Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	0
Held For Charitable Contributions \| Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	405,156