0001585521-21-000295 | 10-Q | XBRL Viewer | Zoom Video Communications INC

Print Document View Excel Document

Cover - shares	9 Months Ended
Cover - shares	Oct. 31, 2021	Nov. 12, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Oct. 31, 2021
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	2022
Document Fiscal Period Focus	Q3
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		242,239,793
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		55,754,775

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,322,435	$ 2,240,303
Marketable securities	4,095,520	2,004,410
Accounts receivable, net of allowances of $34,078 and $36,844 as of October 31, 2021 and January 31, 2021, respectively	377,874	294,703
Deferred contract acquisition costs, current	177,966	136,630
Prepaid expenses and other current assets	138,921	116,819
Total current assets	6,112,716	4,792,865
Deferred contract acquisition costs, noncurrent	155,541	157,262
Property and equipment, net	212,655	149,924
Operating lease right-of-use assets	88,335	97,649
Strategic investments	299,750	18,668
Goodwill	26,247	24,340
Other assets, noncurrent	83,727	57,285
Total assets	6,978,971	5,297,993
Current liabilities:
Accounts payable	20,064	8,664
Accrued expenses and other current liabilities	509,874	393,018
Deferred revenue, current	1,161,442	858,284
Total current liabilities	1,691,380	1,259,966
Deferred revenue, noncurrent	24,677	25,211
Operating lease liabilities, noncurrent	79,319	90,415
Other liabilities, noncurrent	69,910	61,634
Total liabilities	1,865,286	1,437,226
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock, $0.001 par value per share, 200,000,000 shares authorized as of October 31, 2021 and January 31, 2021; zero shares issued and outstanding as of October 31, 2021 and January 31, 2021	0	0
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized as of October 31, 2021 and January 31, 2021; 242,019,615 and 215,737,924 shares issued and outstanding as of October 31, 2021 and January 31, 2021, respectively; 300,000,000 Class B shares authorized as of October 31, 2021 and January 31, 2021; 55,917,342 and 77,811,299 shares issued and outstanding as of October 31, 2021 and January 31, 2021, respectively	297	292
Additional paid-in capital	3,561,050	3,187,168
Accumulated other comprehensive (loss) income	(5,128)	839
Retained earnings	1,557,466	672,468
Total stockholders’ equity	5,113,685	3,860,767
Total liabilities and stockholders’ equity	$ 6,978,971	$ 5,297,993

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Current assets:
Accounts receivable, allowances	$ 34,078	$ 36,844
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)	242,019,615	215,737,924
Common stock, outstanding (in shares)	242,019,615	215,737,924
Class B Common Stock
Stockholders’ equity:
Common stock, authorized (in shares)	300,000,000	300,000,000
Common stock, issued (in shares)	55,917,342	77,811,299
Common stock, outstanding (in shares)	55,917,342	77,811,299

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Income Statement [Abstract]
Revenue	$ 1,050,756	$ 777,196	$ 3,028,488	$ 1,768,883
Cost of revenue	270,957	258,727	797,207	554,705
Gross profit	779,799	518,469	2,231,281	1,214,178
Operating expenses:
Research and development	98,508	42,582	245,994	111,705
Sales and marketing	293,698	190,157	810,544	470,886
General and administrative	96,736	93,488	362,971	227,856
Total operating expenses	488,942	326,227	1,419,509	810,447
Income from operations	290,857	192,242	811,772	403,731
Gains on strategic investments, net	122,421	0	154,497	2,538
Interest income and other, net	(2,995)	1,779	(3,171)	7,112
Income before provision for (benefit from) income taxes	410,283	194,021	963,098	413,381
Provision for (benefit from) income taxes	69,900	(4,621)	78,100	1,675
Net income	340,383	198,642	884,998	411,706
Undistributed earnings attributable to participating securities	(112)	(202)	(430)	(531)
Net income attributable to common stockholders	$ 340,271	$ 198,440	$ 884,568	$ 411,175
Net income per share attributable to common stockholders:
Basic (in dollars per share)	$ 1.14	$ 0.70	$ 2.99	$ 1.46
Diluted (in dollars per share)	$ 1.11	$ 0.66	$ 2.89	$ 1.38
Weighted-average shares used in computing net income per share attributable to common stockholders:
Basic (in shares)	297,375,011	284,783,006	295,647,626	282,564,481
Diluted (in shares)	305,939,624	299,258,765	305,726,733	297,605,941

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 340,383	$ 198,642	$ 884,998	$ 411,706
Other comprehensive (loss) income:
Unrealized (loss) gain on available-for-sale marketable securities, net of tax	(5,275)	(1,455)	(5,967)	508
Comprehensive income	$ 335,108	$ 197,187	$ 879,031	$ 412,214

- Definition

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

+ References

Reference 1: 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(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: 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 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: 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(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 8: 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(20))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: 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(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=125511455&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669619-108580

Reference 25: 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 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669625-108580

Reference 30: 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 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 34: 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 35: 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

+ 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, 2020		278,731,143
Beginning balance at Jan. 31, 2020	$ 833,943	$ 277	$ 832,705	$ 809	$ 152
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		6,164,676
Issuance of common stock upon exercise of stock options	24,291	$ 6	24,285
Issuance of common stock upon release of restricted stock units (in shares)		443,836
Issuance of common stock for employee stock purchase plan (in shares)		605,924
Issuance of common stock for employee stock purchase plan	20,760	$ 1	20,759
Charitable donation of common stock	23,312		23,312
Stock-based compensation expense	185,398		185,398
Other comprehensive income (loss)	508			508
Net income	411,706				411,706
Ending balance (in shares) at Oct. 31, 2020		285,945,579
Ending balance at Oct. 31, 2020	1,499,918	$ 284	1,086,459	1,317	411,858
Beginning balance (in shares) at Jul. 31, 2020		284,342,719
Beginning balance at Jul. 31, 2020	1,198,812	$ 283	982,541	2,772	213,216
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		1,333,924
Issuance of common stock upon exercise of stock options	6,610	$ 1	6,609
Issuance of common stock upon release of restricted stock units (in shares)		268,936
Stock-based compensation expense	97,309		97,309
Other comprehensive income (loss)	(1,455)			(1,455)
Net income	198,642				198,642
Ending balance (in shares) at Oct. 31, 2020		285,945,579
Ending balance at Oct. 31, 2020	1,499,918	$ 284	1,086,459	1,317	411,858
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)	2,205,249	2,205,249
Issuance of common stock upon exercise of stock options	$ 11,362	$ 3	11,359
Issuance of common stock upon release of restricted stock units (in shares)		1,480,536
Issuance of common stock upon release of restricted stock units	1	$ 1
Issuance of common stock for employee stock purchase plan (in shares)		701,949
Issuance of common stock for employee stock purchase plan	37,846	$ 1	37,845
Stock-based compensation expense	324,678		324,678
Other comprehensive income (loss)	(5,967)			(5,967)
Net income	884,998				884,998
Ending balance (in shares) at Oct. 31, 2021		297,936,957
Ending balance at Oct. 31, 2021	5,113,685	$ 297	3,561,050	(5,128)	1,557,466
Beginning balance (in shares) at Jul. 31, 2021		297,027,323
Beginning balance at Jul. 31, 2021	4,657,748	$ 296	3,440,222	147	1,217,083
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		612,056
Issuance of common stock upon exercise of stock options	3,125	$ 1	3,124
Issuance of common stock upon release of restricted stock units (in shares)		297,578
Issuance of common stock upon release of restricted stock units	0	$ 0
Stock-based compensation expense	117,704		117,704
Other comprehensive income (loss)	(5,275)			(5,275)
Net income	340,383				340,383
Ending balance (in shares) at Oct. 31, 2021		297,936,957
Ending balance at Oct. 31, 2021	$ 5,113,685	$ 297	$ 3,561,050	$ (5,128)	$ 1,557,466

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Cash flows from operating activities:
Net income	$ 884,998	$ 411,706
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	315,912	179,557
Amortization of deferred contract acquisition costs	125,691	71,281
Gains on strategic investments, net	(154,497)	(2,538)
Depreciation and amortization	35,275	19,401
Provision for accounts receivable allowances	23,482	20,218
Non-cash operating lease cost	13,131	7,182
Charitable donation of common stock	0	23,312
Amortization on marketable securities	19,546	2,787
Other	2,127	930
Changes in operating assets and liabilities:
Accounts receivable	(108,541)	(190,117)
Prepaid expenses and other assets	(71,998)	(48,258)
Deferred contract acquisition costs	(165,305)	(266,294)
Accounts payable	12,062	8,773
Accrued expenses and other liabilities	171,914	203,919
Deferred revenue	304,513	633,600
Operating lease liabilities, net	(12,440)	(3,678)
Net cash provided by operating activities	1,395,870	1,071,781
Cash flows from investing activities:
Purchases of marketable securities	(3,446,313)	(1,016,109)
Maturities of marketable securities	1,047,545	406,607
Sales of marketable securities	281,582	36,897
Purchases of property and equipment	(111,816)	(58,517)
Purchases of strategic investments	(126,349)	(13,000)
Cash paid for acquisition, net of cash acquired	(2,121)	(26,486)
Purchase of intangible assets	(9,626)	(4,385)
Other	0	1,616
Net cash used in investing activities	(2,367,098)	(673,377)
Cash flows from financing activities:
Proceeds from issuance of common stock for employee stock purchase plan	37,846	20,760
Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net	(28,342)	251,641
Proceeds from exercise of stock options	11,044	23,841
Other	337	0
Net cash provided by financing activities	20,885	296,242
Net (decrease) increase in cash, cash equivalents, and restricted cash	(950,343)	694,646
Cash, cash equivalents, and restricted cash – beginning of period	2,293,116	334,082
Cash, cash equivalents, and restricted cash – end of period	1,342,773	1,028,728
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	1,322,435	730,506
Restricted cash, current included in prepaid expenses and other current assets	20,041	296,007
Restricted cash, noncurrent included in other assets, noncurrent	297	2,215
Total cash, cash equivalents, and restricted cash	$ 1,342,773	$ 1,028,728

Summary of Business and Significant Accounting Policies	9 Months Ended
Summary of Business and Significant Accounting Policies	Oct. 31, 2021
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”) provide a communications platform that delivers happiness and fundamentally changes how people interact. We connect people through frictionless and secure video, phone, chat, and content sharing and enable face-to-face video experiences for thousands of people in a single meeting 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 2022, for example, refer to the fiscal year ending January 31, 2022. 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, 2021 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, 2021, filed with the SEC on March 18, 2021. 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, acquired intangible assets and goodwill, the valuation of deferred income tax assets and uncertain tax positions, and accruals and contingencies. Actual results could differ from those estimates. The COVID-19 pandemic has created, and may continue to create, significant uncertainty in macroeconomic conditions, and the extent of its impact on our operational and financial performance will depend on certain developments, including the duration and spread of the outbreak, the availability and distribution of vaccines, and their impact on our customers and our sales cycles. During the three and nine months ended October 31, 2021 and 2020, our estimates and assumptions required increased judgment and carried a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, our estimates may change materially in future periods. 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, 2021, filed with the SEC on March 18, 2021. There have been no significant changes to these policies during the nine months ended October 31, 2021, except as noted below. Strategic Investments We hold strategic investments in publicly held equity securities and privately held debt and equity securities in which we do not have a controlling interest. Publicly held equity securities are measured using quoted prices in their respective active markets with changes recorded through gains on strategic investments, net in the condensed consolidated statements of operations. Privately held equity securities without a readily determinable fair value are recorded at cost and adjusted for impairments and observable price changes with a same or similar security from the same issuer (i.e. using the measurement alternative) and are recorded through gains on strategic investments, net in the condensed consolidated statements of operations. If, based on the terms of these publicly traded and privately held securities, we determine that we exercise significant influence on the entity to which these securities relate, we will apply the equity method of accounting for such investments. Privately held equity securities that are accounted for under the equity method are measured at cost less any impairment, plus or minus our share of equity method investee income or loss, which is reported in gains on strategic investments, net in the condensed consolidated statements of operations. Privately held debt securities are recorded at fair value with changes in fair value recorded through accumulated other comprehensive income on the condensed consolidated balance sheets. On a quarterly basis, we assess our privately held debt and equity securities in our strategic investment portfolio for impairment. As of October 31, 2021, we have not recognized any impairments to our privately held debt and equity securities.

Revenue Recognition

9 Months Ended

Oct. 31, 2021

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 October 31,								Nine Months Ended October 31,
	2021				2020				2021				2020
	Amount		Percentage of Revenue		Amount		Percentage of Revenue		Amount		Percentage of Revenue		Amount		Percentage of Revenue

	(in thousands, except percentages)
Americas	$	699,944	67	%	$	538,504	69	%	$	2,017,143	67	%	$	1,238,298	70	%
Asia Pacific (“APAC”)	150,473		14		103,458		13		409,557		13		215,099		12
Europe, Middle East, and Africa (“EMEA”)	200,339		19		135,234		18		601,788		20		315,486		18
Total	$	1,050,756	100	%	$	777,196	100	%	$	3,028,488	100	%	$	1,768,883	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 $48.6 million and $24.6 million as of October 31, 2021 and January 31, 2021, 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 during the three months ended October 31, 2021 and 2020 that was included in deferred revenue at the beginning of each period was $510.8 million and $312.0 million, respectively, and $802.0 million and $203.3 million during the nine months ended October 31, 2021 and 2020, 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 October 31, 2021, the aggregate amount of the transaction price allocated to our remaining performance obligations was $2,456.5 million, which consisted of both billed consideration in the amount of $1,186.1 million and unbilled consideration in the amount of

$1,270.4 million that we expect to recognize as revenue. We expect to recognize 67% 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

9 Months Ended

Oct. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Investments

Marketable Securities

As of October 31, 2021 and January 31, 2021, our marketable securities consisted of the following:


	As of October 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)





Commercial paper	$	23,482	$	—	$	—	$	23,482
Agency bonds	437,782		13		(342)		437,453
Corporate and other debt securities	314,888		56		(423)		314,521
U.S. government agency securities	3,000,441		17		(4,413)		2,996,045
Treasury bills	324,046		—		(27)		324,019
Marketable securities	$	4,100,639	$	86	$	(5,205)	$	4,095,520


	As of January 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)


Commercial paper	$	26,222	$	—	$	—	$	26,222
Agency bonds	461,335		79		(49)		461,365
Corporate and other debt securities	465,207		1,113		(64)		466,256
U.S. government agency securities	834,894		28		(257)		834,665
Treasury bills	215,902		6		(6)		215,902
Marketable securities	$	2,003,560	$	1,226	$	(376)	$	2,004,410

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 and nine months ended October 31, 2021 and 2020.

The following table presents the contractual maturities of our marketable securities as of October 31, 2021 and January 31, 2021:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Less than one year	$	2,143,667	$	1,017,048
Due in one to five years	1,951,853		987,362
Total	$	4,095,520	$	2,004,410

Strategic Investments

Strategic investments by form and measurement category as of October 31, 2021 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	179,918	$	13,349	$	93,117	$	286,384
Debt securities	13,366		—		—		13,366
Strategic investments	$	193,284	$	13,349	$	93,117	$	299,750

Strategic investments by form and measurement category as of January 31, 2021 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	—	$	13,538	$	—	$	13,538
Debt securities	5,130		—		—		5,130
Strategic investments	$	5,130	$	13,538	$	—	$	18,668

In the second quarter of fiscal year 2022, we made a $75.0 million strategic investment of common shares of a technology company in a private placement concurrent with the investee company’s initial public offering. The shares are subject to a 180-day lock-up agreement. We recorded a gain of $72.8 million and $104.9 million related to this investment in the three and nine months ended October 31, 2021, respectively. As of October 31, 2021, the fair value of the investment was $179.9 million and our ownership interest represents approximately one percent of the economic interest of the investee’s outstanding capital stock.

In the third quarter of fiscal year 2022, we made an additional strategic investment in equity securities of a private company. Based on the terms of these privately-held securities, we determined that we currently do not have a controlling interest but have the ability to exercise significant influence over the operating and financial policies of the investee. Therefore this investment is currently accounted for under the equity method. The fair value of the investment was remeasured immediately before adopting the equity method of accounting, based on the observable price from the most recent financing round. The carrying value of this investment was also adjusted by our share of the equity method investee’s operating result for the respective period, which was immaterial for the three months ended October 31, 2021. As a result, we recognized a total gain of $49.6 million on the existing investment during the three months ended October 31, 2021. As of October 31, 2021, the carrying amount of this investment was $93.1 million.

Fair Value Measurements

9 Months Ended

Oct. 31, 2021

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 October 31, 2021
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	295,943	$	295,943	$	—	$	—
Treasury bills	576,668		—		576,668		—


Cash equivalents	872,611		295,943		576,668		—
Commercial paper	23,482		—		23,482		—
Agency bonds	437,453		—		437,453		—
Corporate and other debt securities	314,521		—		314,521		—
U.S. government agency securities	2,996,045		—		2,996,045		—
Treasury bills	324,019		—		324,019		—
Marketable securities	4,095,520		—		4,095,520		—


Publicly held equity securities included in strategic investments	179,918		179,918		—		—
Privately held debt securities included in strategic investments	13,366		—		—		13,366
Certificates of deposit included in other assets, noncurrent	297		—		297		—
Total financial assets	$	5,161,712	$	475,861	$	4,672,485	$	13,366


	As of January 31, 2021
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	958,357	$	958,357	$	—	$	—
Treasury bills	618,498		—		618,498		—

Cash equivalents	1,576,855		958,357		618,498		—
Commercial paper	26,222		—		26,222		—
Agency bonds	461,365		—		461,365		—
Corporate and other debt securities	466,256		—		466,256		—
U.S. government agency securities	834,665		—		834,665		—
Treasury bills	215,902		—		215,902		—
Marketable securities	2,004,410		—		2,004,410		—
Certificate of deposit included in prepaid expenses and other current assets	100		—		100		—

Certificates of deposit included in other assets, noncurrent	2,238		—		2,238		—
Privately held debt securities included in strategic investments	5,130		—		—		5,130
Total financial assets	$	3,588,733	$	958,357	$	2,625,246	$	5,130

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

Business Combinations	9 Months Ended
Business Combinations	Oct. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations Keybase, Inc. On May 7, 2020, we acquired 100% of the issued and outstanding share capital of Keybase, Inc. (“Keybase”), a secure messaging and file-sharing company, for purchase consideration of $42.9 million in cash. The acquisition helps us strengthen the security of our video communications platform by providing end-to-end encryption (“E2EE”) expertise. The acquisition has been accounted for as a business combination. In allocating the purchase consideration, $24.3 million was attributed to goodwill, $3.3 million to intangible assets, and $15.3 million to other net assets acquired primarily consisting of cash and cash equivalents of $16.4 million. The goodwill amount represents synergies related to our existing products expected to be realized from the acquisition and assembled workforce. The associated goodwill is not deductible for tax purposes. Acquired intangible assets consisted of developed technology with an estimated useful life of five years. The developed technology had a remaining useful life of 3.5 years as of October 31, 2021, and is amortized using the straight-line method over its estimated useful life. Not included in the purchase consideration, we also entered into holdback agreements with certain employees for $20.0 million in cash payments, which are subject to such employees’ continued service with us. The holdback amount of $20.0 million will be treated as compensation for research and development over the required service period ranging from one year to three years. Transaction costs incurred in connection with the acquisition were immaterial. The results of operations of Keybase have been included in our condensed consolidated financial statements from the date of the acquisition. Pro forma and historical results of operations of Keybase have not been presented, as the results do not have a material effect on any of the periods presented in our condensed consolidated statements of operations.

Balance Sheet Components

9 Months Ended

Oct. 31, 2021

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
	October 31, 2021		January 31, 2021

	(in thousands)
Accounts receivable, gross	$	411,952	$	331,547
Less: allowance for credit losses	(21,100)		(20,500)
Less: allowance for returns	(12,978)		(16,344)
Accounts receivable, net	$	377,874	$	294,703

Below is a rollforward of our allowance for credit losses for the nine months ended October 31, 2021 and 2020:




	2021		2020
	(in thousands)
Balance as of January 31	$	20,500	$	5,150
Provision for credit losses	19,416		17,070
Write-offs	(18,816)		(5,720)
Balance as of October 31	$	21,100	$	16,500

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Prepaid expenses	$	96,059	$	60,702
Restricted cash from international employee stock sales	20,041		50,475

Other	22,821		5,642
Prepaid expenses and other current assets	$	138,921	$	116,819

Property and Equipment, Net

Property and equipment consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Computer and office equipment	$	208,745	$	137,445
Software	54,146		36,216
Leasehold improvements	24,586		23,593
Furniture and fixtures	4,539		4,625
Property and equipment, gross	292,016		201,879
Less: accumulated depreciation and amortization	(79,361)		(51,955)
Property and equipment, net	$	212,655	$	149,924

Depreciation and amortization expense was $12.4 million and $7.4 million for the three months ended October 31, 2021 and 2020, respectively, and $34.7 million and $19.1 million for the nine months ended October 31, 2021 and 2020, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Accounts receivable, noncurrent	$	36,915	$	28,008

Prepaid expenses, noncurrent	18,167		12,386




Other	28,645		16,891
Other assets, noncurrent	$	83,727	$	57,285

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)

Accrued expenses	$	225,237	$	157,167
Accrued compensation and benefits	141,584		118,640
Income tax payable	49,090		3,426
Proceeds from employee equity transactions to be remitted to employees and tax authorities	25,832		54,174
Sales and other tax liabilities	27,450		27,453
Operating lease liabilities, current	18,074		15,601


Other	22,607		16,557
Accrued expenses and other current liabilities	$	509,874	$	393,018

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Sales and other tax liabilities	$	55,563	$	58,133



Other	14,347		3,501
Other liabilities, noncurrent	$	69,910	$	61,634

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Oct. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Non-cancelable Purchase Obligations During the nine months ended October 31, 2021, 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, 2021, filed with the SEC on March 18, 2021. Other Contingencies In June 2020, we received a grand jury subpoena from the Department of Justice’s U.S. Attorney’s Office for the 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 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 material 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 August 23, 2021, the judge took the motion under submission without oral argument. 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 a forthcoming 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. The parties in all three derivative lawsuits have agreed to consolidate the cases and stay the consolidated lawsuit pending resolution of a forthcoming 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 have been 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. The Court has scheduled a final approval hearing to take place on April 7, 2022. We recorded an aggregate legal settlement charge of $66.9 million net of amounts estimated to be covered by insurance as a general and administrative expense in our condensed consolidated statement of operations for the nine months ended October 31, 2021. In September 2019, the Federal Trade Commission (“FTC”) issued a Civil Investigative Demand to us requiring us to produce certain documents and materials and to answer certain interrogatories relating to our privacy and security representations and practices. Since then, we have fully cooperated with the investigation. In October 2020, we reached a proposed settlement agreement with the FTC staff to resolve the FTC’s allegations that certain of our statements and practices about our security constituted deceptive and unfair acts or practices in violation of the FTC Act. On November 10, 2020, the FTC Commissioners voted to approve the settlement and, on November 13, 2020, the FTC published the settlement in the Federal Register for a 30-day public comment period, which ended on December 13, 2020. On January 19, 2021, the FTC voted to finalize the settlement. Under the terms of the settlement, we neither admit nor deny the FTC’s allegations, and the FTC does not impose any fine or penalty upon us. We are required to implement certain injunctive provisions, including, among other things, refraining from making any misrepresentations regarding the privacy and security of our services or how we collect, maintain, use, delete, disclose, allow access to, and protect user information. It also requires us to implement a detailed information security program and obtain third-party security assessments periodically. We do not expect the settlement to have a material impact on our financial results. We will cooperate with the FTC’s requirements and work to ensure compliance. Any failure to comply with the settlement may increase the possibility of additional adverse consequences, including litigation, additional regulatory actions, injunctions, or monetary penalties, or require further changes to our business practices, significant management time, or the diversion of significant operational resources, all of which could result in a material loss or otherwise harm our business.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

9 Months Ended

Oct. 31, 2021

Stockholders' Equity Note [Abstract]

Stockholders’ Equity and Equity Incentive Plans

Common Stock

In connection with our initial public offering (“IPO”) in April 2019, our amended and restated certificate of incorporation became effective, which authorized 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.

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, 2021	9,239,504	$	7.17	7.0	$	3,371,457
Granted	—	$	—
Exercised	(2,205,249)	$	5.01
Canceled/forfeited/expired	(128,780)	$	9.32
Balance as of October 31, 2021	6,905,475	$	7.83	6.3	$	1,842,547
Vested and exercisable as of October 31, 2021	4,978,217	$	5.16	6.0	$	1,341,584

As of October 31, 2021, unrecognized stock-based compensation expense related to outstanding unvested stock options was $26.1 million, which is expected to be recognized over a weighted-average period of 0.9 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, 2021	4,510,730	$	194.57
Granted	2,046,653	$	312.71

Vested	(1,480,536)	$	187.38
Canceled/forfeited	(233,344)	$	248.84
Unvested as of October 31, 2021	4,843,503	$	244.07

In October 2021, 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 October 31, 2021.

As of October 31, 2021, unrecognized stock-based compensation expense related to RSUs was $1,243.8 million, including the impact of the modification, which is expected to be recognized over a weighted-average period of 2.6 years.

2019 Employee Stock Purchase Plan

In April 2019, we adopted the 2019 Employee Stock Purchase Plan (“ESPP”). As of October 31, 2021, unrecognized stock-based compensation expense related to the ESPP was $52.1 million, which is expected to be recognized over a weighted-average period of 1.6 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 October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020

	(in thousands)
Cost of revenue	$	17,206	$	11,287	$	46,050	$	22,263
Research and development	27,879		16,035		71,615		31,269
Sales and marketing	54,220		46,716		156,888		96,237
General and administrative	15,496		19,887		41,359		29,788
Total stock-based compensation expense	$	114,801	$	93,925	$	315,912	$	179,557

Income Taxes

9 Months Ended

Oct. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Income TaxesOur tax provision for interim periods is determined using an estimated annual effective tax rate, adjusted for discrete items arising in the applicable quarter. 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 (benefit from) income taxes:


	Three Months Ended October 31,						Nine Months Ended October 31,
	2021			2020			2021			2020

	(in thousands, except percentages)
Income before provision for (benefit from) income taxes	$	410,283		$	194,021		$	963,098		$	413,381
Provision for (benefit from) income taxes	69,900			(4,621)			78,100			1,675
Effective tax rate	17.0		%	(2.4)		%	8.1		%	0.4		%

We had a provision for income taxes of $69.9 million for the three months ended October 31, 2021, and a benefit from income taxes of $4.6 million for the three months ended October 31, 2020. The provision for income taxes was $78.1 million and $1.7 million for the nine months ended October 31, 2021 and 2020, respectively. The provision for income taxes for the three and nine months ended October 31, 2021 consisted primarily of federal, state, and foreign income taxes. For the three and nine months ended October 31, 2021 and 2020, the provision for income taxes and benefit from income taxes differed from the U.S. federal statutory rate primarily due to stock-based compensation and the valuation allowance on the U.S. and the U.K. deferred tax assets. The increase in the provision for the three and nine months ended October 31, 2021 was primarily due to an increase in global income, certain elections and accounting method changes creating additional book-tax differences, as well as a decrease in stock-based compensation for tax purposes. Given their nature, these additional book-tax differences necessitated the recording of deferred tax assets, and a valuation allowance was recorded on those new 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 and nine months ended October 31, 2021, we continue to believe that it is more likely than not that the tax benefits of the U.S. and the U.K. net deferred tax assets may not be realized. Accordingly, we recorded 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.

In our valuation allowance evaluation, we give more weight to evidence that can be objectively verified than to evidence that cannot be objectively verified. Our consideration of the evidence requires management to make a number of significant judgements, estimates, and assumptions about highly complex and inherently uncertain matters. Given our current earnings and anticipated future earnings, we believe that there is a reasonable possibility that in the short-term, sufficient positive evidence may become available that results in a conclusion that a portion of the valuation allowance will no longer be needed. Release of the valuation allowance would result in the recognition of net deferred tax assets on our condensed consolidated balance sheets and would decrease income tax expense in the period the release is recorded. However, the exact timing and amount of the valuation allowance release are subject to change based on a number of factors, including but not limited to, the level of profitability (pretax income adjusted for permanent differences) that we are able to accurately forecast and/or acquisitions of other businesses.

During the three and nine months ended October 31, 2021, 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.

On March 11, 2021, the American Rescue Plan Act of 2021 (“American Rescue Plan Act”) was passed into law and amended portions of relevant tax laws. The American Rescue Plan Act did not have a significant impact on the provision for income taxes for the three and nine months ended October 31, 2021.

- 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

9 Months Ended

Oct. 31, 2021

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 October 31,								Nine Months Ended October 31,
	2021				2020				2021				2020
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
	(in thousands, except share and per share data)
Numerator:
Net income	$	276,024	$	64,359	$	136,849	$	61,793	$	707,188	$	177,810	$	256,176	$	155,530
Less: undistributed earnings attributable to participating securities			(112)		—		(202)		—		(430)		—		(531)
Net income attributable to common stockholders, basic	$	276,024	$	64,247	$	136,849	$	61,591	$	707,188	$	177,380	$	256,176	$	154,999
Reallocation of net income attributable to common stockholders	(5,756)		5,756		(4,094)		4,094		(15,965)		15,965		(9,083)		9,083
Net income attributable to common stockholders, diluted	$	270,268	$	70,003	$	132,755	$	65,685	$	691,223	$	193,345	$	247,093	$	164,082
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic	241,227,457		56,147,554		196,393,625		88,389,381		236,362,585		59,285,041		176,047,037		106,517,444
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted	243,024,399		62,915,225		200,202,338		99,056,427		238,904,473		66,822,260		178,844,073		118,761,868
Net income per share attributable to common stockholders, basic	$	1.14	$	1.14	$	0.70	$	0.70	$	2.99	$	2.99	$	1.46	$	1.46
Net income per share attributable to common stockholders, diluted	$	1.11	$	1.11	$	0.66	$	0.66	$	2.89	$	2.89	$	1.38	$	1.38

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 October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
	Class A	Class B	Class A	Class B	Class A	Class B	Class A	Class B
Unvested RSUs	816,953	—	39,872	—	473,104	—	200,420	—
Purchase rights committed under the ESPP	584,212	—	—	—	284,454	—	—	—


Total	1,401,165	—	39,872	—	757,558	—	200,420	—

The table above does not include 405,156 shares of issued Class A common stock held by us as of October 31, 2021 and 2020 that are reserved for the sole purpose of being transferred to nonprofit organizations.

Summary of Business and Significant Accounting Policies (Policies)	9 Months Ended
	Oct. 31, 2021
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, 2021 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, acquired intangible assets and goodwill, the valuation of deferred income tax assets and uncertain tax positions, and accruals and contingencies. Actual results could differ from those estimates.
Strategic Investments	Strategic Investments We hold strategic investments in publicly held equity securities and privately held debt and equity securities in which we do not have a controlling interest. Publicly held equity securities are measured using quoted prices in their respective active markets with changes recorded through gains on strategic investments, net in the condensed consolidated statements of operations. Privately held equity securities without a readily determinable fair value are recorded at cost and adjusted for impairments and observable price changes with a same or similar security from the same issuer (i.e. using the measurement alternative) and are recorded through gains on strategic investments, net in the condensed consolidated statements of operations. If, based on the terms of these publicly traded and privately held securities, we determine that we exercise significant influence on the entity to which these securities relate, we will apply the equity method of accounting for such investments. Privately held equity securities that are accounted for under the equity method are measured at cost less any impairment, plus or minus our share of equity method investee income or loss, which is reported in gains on strategic investments, net in the condensed consolidated statements of operations. Privately held debt securities are recorded at fair value with changes in fair value recorded through accumulated other comprehensive income on the condensed consolidated balance sheets. On a quarterly basis, we assess our privately held debt and equity securities in our strategic investment portfolio for impairment.

Revenue Recognition (Tables)

9 Months Ended

Oct. 31, 2021

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 October 31,								Nine Months Ended October 31,
	2021				2020				2021				2020
	Amount		Percentage of Revenue		Amount		Percentage of Revenue		Amount		Percentage of Revenue		Amount		Percentage of Revenue

	(in thousands, except percentages)
Americas	$	699,944	67	%	$	538,504	69	%	$	2,017,143	67	%	$	1,238,298	70	%
Asia Pacific (“APAC”)	150,473		14		103,458		13		409,557		13		215,099		12
Europe, Middle East, and Africa (“EMEA”)	200,339		19		135,234		18		601,788		20		315,486		18
Total	$	1,050,756	100	%	$	777,196	100	%	$	3,028,488	100	%	$	1,768,883	100	%

Investments (Tables)

9 Months Ended

Oct. 31, 2021

Investments, Debt and Equity Securities [Abstract]

Summary of Marketable Securities

As of October 31, 2021 and January 31, 2021, our marketable securities consisted of the following:


	As of October 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)





Commercial paper	$	23,482	$	—	$	—	$	23,482
Agency bonds	437,782		13		(342)		437,453
Corporate and other debt securities	314,888		56		(423)		314,521
U.S. government agency securities	3,000,441		17		(4,413)		2,996,045
Treasury bills	324,046		—		(27)		324,019
Marketable securities	$	4,100,639	$	86	$	(5,205)	$	4,095,520


	As of January 31, 2021
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)


Commercial paper	$	26,222	$	—	$	—	$	26,222
Agency bonds	461,335		79		(49)		461,365
Corporate and other debt securities	465,207		1,113		(64)		466,256
U.S. government agency securities	834,894		28		(257)		834,665
Treasury bills	215,902		6		(6)		215,902
Marketable securities	$	2,003,560	$	1,226	$	(376)	$	2,004,410

Summary of Contractual Maturities of Marketable Securities

The following table presents the contractual maturities of our marketable securities as of October 31, 2021 and January 31, 2021:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Less than one year	$	2,143,667	$	1,017,048
Due in one to five years	1,951,853		987,362
Total	$	4,095,520	$	2,004,410

Summary of Strategic Investments

Strategic investments by form and measurement category as of October 31, 2021 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	179,918	$	13,349	$	93,117	$	286,384
Debt securities	13,366		—		—		13,366
Strategic investments	$	193,284	$	13,349	$	93,117	$	299,750

Strategic investments by form and measurement category as of January 31, 2021 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	—	$	13,538	$	—	$	13,538
Debt securities	5,130		—		—		5,130
Strategic investments	$	5,130	$	13,538	$	—	$	18,668

Fair Value Measurements (Tables)

9 Months Ended

Oct. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis


	As of October 31, 2021
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	295,943	$	295,943	$	—	$	—
Treasury bills	576,668		—		576,668		—


Cash equivalents	872,611		295,943		576,668		—
Commercial paper	23,482		—		23,482		—
Agency bonds	437,453		—		437,453		—
Corporate and other debt securities	314,521		—		314,521		—
U.S. government agency securities	2,996,045		—		2,996,045		—
Treasury bills	324,019		—		324,019		—
Marketable securities	4,095,520		—		4,095,520		—


Publicly held equity securities included in strategic investments	179,918		179,918		—		—
Privately held debt securities included in strategic investments	13,366		—		—		13,366
Certificates of deposit included in other assets, noncurrent	297		—		297		—
Total financial assets	$	5,161,712	$	475,861	$	4,672,485	$	13,366


	As of January 31, 2021
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	958,357	$	958,357	$	—	$	—
Treasury bills	618,498		—		618,498		—

Cash equivalents	1,576,855		958,357		618,498		—
Commercial paper	26,222		—		26,222		—
Agency bonds	461,365		—		461,365		—
Corporate and other debt securities	466,256		—		466,256		—
U.S. government agency securities	834,665		—		834,665		—
Treasury bills	215,902		—		215,902		—
Marketable securities	2,004,410		—		2,004,410		—
Certificate of deposit included in prepaid expenses and other current assets	100		—		100		—

Certificates of deposit included in other assets, noncurrent	2,238		—		2,238		—
Privately held debt securities included in strategic investments	5,130		—		—		5,130
Total financial assets	$	3,588,733	$	958,357	$	2,625,246	$	5,130

Balance Sheet Components (Tables)

9 Months Ended

Oct. 31, 2021

Balance Sheet Components [Abstract]

Schedule of Accounts Receivable

Our short-term accounts receivable consist of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Accounts receivable, gross	$	411,952	$	331,547
Less: allowance for credit losses	(21,100)		(20,500)
Less: allowance for returns	(12,978)		(16,344)
Accounts receivable, net	$	377,874	$	294,703

Accounts Receivable, Allowance for Credit Loss

Below is a rollforward of our allowance for credit losses for the nine months ended October 31, 2021 and 2020:




	2021		2020
	(in thousands)
Balance as of January 31	$	20,500	$	5,150
Provision for credit losses	19,416		17,070
Write-offs	(18,816)		(5,720)
Balance as of October 31	$	21,100	$	16,500

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Prepaid expenses	$	96,059	$	60,702
Restricted cash from international employee stock sales	20,041		50,475

Other	22,821		5,642
Prepaid expenses and other current assets	$	138,921	$	116,819

Schedule of Property and Equipment

Property and equipment consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Computer and office equipment	$	208,745	$	137,445
Software	54,146		36,216
Leasehold improvements	24,586		23,593
Furniture and fixtures	4,539		4,625
Property and equipment, gross	292,016		201,879
Less: accumulated depreciation and amortization	(79,361)		(51,955)
Property and equipment, net	$	212,655	$	149,924

Schedule of Other Noncurrent Assets

Other assets, noncurrent consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Accounts receivable, noncurrent	$	36,915	$	28,008

Prepaid expenses, noncurrent	18,167		12,386




Other	28,645		16,891
Other assets, noncurrent	$	83,727	$	57,285

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)

Accrued expenses	$	225,237	$	157,167
Accrued compensation and benefits	141,584		118,640
Income tax payable	49,090		3,426
Proceeds from employee equity transactions to be remitted to employees and tax authorities	25,832		54,174
Sales and other tax liabilities	27,450		27,453
Operating lease liabilities, current	18,074		15,601


Other	22,607		16,557
Accrued expenses and other current liabilities	$	509,874	$	393,018

Schedule of Other Liabilities Non Current

Other liabilities, noncurrent consisted of the following:


	As of
	October 31, 2021		January 31, 2021

	(in thousands)
Sales and other tax liabilities	$	55,563	$	58,133



Other	14,347		3,501
Other liabilities, noncurrent	$	69,910	$	61,634

Stockholders’ Equity and Equity Incentive Plans (Tables)

9 Months Ended

Oct. 31, 2021

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, 2021	9,239,504	$	7.17	7.0	$	3,371,457
Granted	—	$	—
Exercised	(2,205,249)	$	5.01
Canceled/forfeited/expired	(128,780)	$	9.32
Balance as of October 31, 2021	6,905,475	$	7.83	6.3	$	1,842,547
Vested and exercisable as of October 31, 2021	4,978,217	$	5.16	6.0	$	1,341,584

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, 2021	4,510,730	$	194.57
Granted	2,046,653	$	312.71

Vested	(1,480,536)	$	187.38
Canceled/forfeited	(233,344)	$	248.84
Unvested as of October 31, 2021	4,843,503	$	244.07

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 October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020

	(in thousands)
Cost of revenue	$	17,206	$	11,287	$	46,050	$	22,263
Research and development	27,879		16,035		71,615		31,269
Sales and marketing	54,220		46,716		156,888		96,237
General and administrative	15,496		19,887		41,359		29,788
Total stock-based compensation expense	$	114,801	$	93,925	$	315,912	$	179,557

Income Taxes (Tables)

9 Months Ended

Oct. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The following table provides details of the provision for (benefit from) income taxes:


	Three Months Ended October 31,						Nine Months Ended October 31,
	2021			2020			2021			2020

	(in thousands, except percentages)
Income before provision for (benefit from) income taxes	$	410,283		$	194,021		$	963,098		$	413,381
Provision for (benefit from) income taxes	69,900			(4,621)			78,100			1,675
Effective tax rate	17.0		%	(2.4)		%	8.1		%	0.4		%

Net Income Per Share Attributable to Common Stockholders (Tables)

9 Months Ended

Oct. 31, 2021

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 October 31,								Nine Months Ended October 31,
	2021				2020				2021				2020
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
	(in thousands, except share and per share data)
Numerator:
Net income	$	276,024	$	64,359	$	136,849	$	61,793	$	707,188	$	177,810	$	256,176	$	155,530
Less: undistributed earnings attributable to participating securities			(112)		—		(202)		—		(430)		—		(531)
Net income attributable to common stockholders, basic	$	276,024	$	64,247	$	136,849	$	61,591	$	707,188	$	177,380	$	256,176	$	154,999
Reallocation of net income attributable to common stockholders	(5,756)		5,756		(4,094)		4,094		(15,965)		15,965		(9,083)		9,083
Net income attributable to common stockholders, diluted	$	270,268	$	70,003	$	132,755	$	65,685	$	691,223	$	193,345	$	247,093	$	164,082
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic	241,227,457		56,147,554		196,393,625		88,389,381		236,362,585		59,285,041		176,047,037		106,517,444
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted	243,024,399		62,915,225		200,202,338		99,056,427		238,904,473		66,822,260		178,844,073		118,761,868
Net income per share attributable to common stockholders, basic	$	1.14	$	1.14	$	0.70	$	0.70	$	2.99	$	2.99	$	1.46	$	1.46
Net income per share attributable to common stockholders, diluted	$	1.11	$	1.11	$	0.66	$	0.66	$	2.89	$	2.89	$	1.38	$	1.38

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


	Three Months Ended October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
	Class A	Class B	Class A	Class B	Class A	Class B	Class A	Class B
Unvested RSUs	816,953	—	39,872	—	473,104	—	200,420	—
Purchase rights committed under the ESPP	584,212	—	—	—	284,454	—	—	—


Total	1,401,165	—	39,872	—	757,558	—	200,420	—

Revenue Recognition - Summary Disaggregation of Revenue by Region (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue	$ 1,050,756	$ 777,196	$ 3,028,488	$ 1,768,883
Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue				$ 1,768,883
Percentage of revenue	100.00%	100.00%	100.00%	100.00%
Americas
Disaggregation of Revenue [Line Items]
Revenue	$ 699,944	$ 538,504	$ 2,017,143
Americas \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue				$ 1,238,298
Percentage of revenue	67.00%	69.00%	67.00%	70.00%
Asia Pacific (“APAC”)
Disaggregation of Revenue [Line Items]
Revenue	$ 150,473	$ 103,458	$ 409,557
Asia Pacific (“APAC”) \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue				$ 215,099
Percentage of revenue	14.00%	13.00%	13.00%	12.00%
Europe, Middle East, and Africa (“EMEA”)
Disaggregation of Revenue [Line Items]
Revenue	$ 200,339	$ 135,234	$ 601,788
Europe, Middle East, and Africa (“EMEA”) \| Revenue from Contract with Customer Benchmark \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue				$ 315,486
Percentage of revenue	19.00%	18.00%	20.00%	18.00%

- 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 - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020	Jan. 31, 2021
Revenue from Contract with Customer [Abstract]
Unbilled contracts receivable	$ 48.6		$ 48.6		$ 24.6
Revenue recognized included in deferred revenue	$ 510.8	$ 312.0	$ 802.0	$ 203.3

Revenue Recognition - Remaining Performance Obligation (Details) $ in Millions	Oct. 31, 2021 USD ($)
Disaggregation of Revenue [Line Items]
Remaining performance obligation	$ 2,456.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-11-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage	67.00%
Revenue remaining performance obligation, expected timing of satisfaction period	12 months
Billed consideration
Disaggregation of Revenue [Line Items]
Remaining performance obligation	$ 1,186.1
Unbilled consideration
Disaggregation of Revenue [Line Items]
Remaining performance obligation	$ 1,270.4

Investments - Summary of Marketable Securities (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Marketable Securities [Line Items]
Amortized Cost	$ 4,100,639	$ 2,003,560
Gross Unrealized Gains	86	1,226
Gross Unrealized Losses	(5,205)	(376)
Estimated Fair Value	4,095,520	2,004,410
Commercial paper
Marketable Securities [Line Items]
Amortized Cost	23,482	26,222
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Estimated Fair Value	23,482	26,222
Agency bonds
Marketable Securities [Line Items]
Amortized Cost	437,782	461,335
Gross Unrealized Gains	13	79
Gross Unrealized Losses	(342)	(49)
Estimated Fair Value	437,453	461,365
Corporate and other debt securities
Marketable Securities [Line Items]
Amortized Cost	314,888	465,207
Gross Unrealized Gains	56	1,113
Gross Unrealized Losses	(423)	(64)
Estimated Fair Value	314,521	466,256
U.S. government agency securities
Marketable Securities [Line Items]
Amortized Cost	3,000,441	834,894
Gross Unrealized Gains	17	28
Gross Unrealized Losses	(4,413)	(257)
Estimated Fair Value	2,996,045	834,665
Treasury bills
Marketable Securities [Line Items]
Amortized Cost	324,046	215,902
Gross Unrealized Gains	0	6
Gross Unrealized Losses	(27)	(6)
Estimated Fair Value	$ 324,019	$ 215,902

Investments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Jul. 31, 2021	Oct. 31, 2021	Jan. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Purchase of strategic investments		$ 75,000
Luck-up agreement term		180 days
Gain on strategic investment	$ 72,800		$ 104,900
Gain on existing investment	49,600
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	$ 179,918		$ 179,918	$ 0
Ownership percentage of economic interest of investee's outstanding capital stock (as a percent)	1.00%		1.00%
Equity investment	$ 93,100		$ 93,100

Investments - Summary of Contractual Maturities of Marketable Securities (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Less than one year	$ 2,143,667	$ 1,017,048
Due in one to five years	1,951,853	987,362
Total	$ 4,095,520	$ 2,004,410

Investments - Schedule of Strategic Investments (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Measurement Alternative	$ 13,349	$ 13,538
Equity Method	93,117	0
Total equity securities	286,384	13,538
Debt securities	13,366	5,130
Strategic investments	299,750	18,668
Total strategic investments	299,750	18,668
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	179,918	0
Debt securities	13,366	5,130
Strategic investments	$ 193,284	$ 5,130

Fair Value Measurements (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Financial Assets:
Marketable securities	$ 4,095,520	$ 2,004,410
Commercial paper
Financial Assets:
Marketable securities	23,482	26,222
Agency bonds
Financial Assets:
Marketable securities	437,453	461,365
Corporate and other debt securities
Financial Assets:
Marketable securities	314,521	466,256
U.S. government agency securities
Financial Assets:
Marketable securities	2,996,045	834,665
Fair Value, Recurring Basis
Financial Assets:
Cash equivalents	872,611	1,576,855
Marketable securities	4,095,520	2,004,410
Publicly held equity securities included in strategic investments	179,918
Total financial assets	5,161,712	3,588,733
Fair Value, Recurring Basis \| Commercial paper
Financial Assets:
Marketable securities	23,482	26,222
Fair Value, Recurring Basis \| Agency bonds
Financial Assets:
Marketable securities	437,453	461,365
Fair Value, Recurring Basis \| Corporate and other debt securities
Financial Assets:
Marketable securities	314,521	466,256
Fair Value, Recurring Basis \| U.S. government agency securities
Financial Assets:
Marketable securities	2,996,045	834,665
Fair Value, Recurring Basis \| Treasury bills
Financial Assets:
Marketable securities	324,019	215,902
Fair Value, Recurring Basis \| Certificates of deposit
Financial Assets:
Certificate of deposit included in prepaid expenses and other current assets		100
Certificates of deposit included in other assets, noncurrent	297	2,238
Fair Value, Recurring Basis \| Privately held debt securities included in strategic investments
Financial Assets:
Marketable securities	13,366	5,130
Fair Value, Recurring Basis \| Money market funds
Financial Assets:
Cash equivalents	295,943	958,357
Fair Value, Recurring Basis \| Treasury bills
Financial Assets:
Cash equivalents	576,668	618,498
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 1
Financial Assets:
Cash equivalents	295,943	958,357
Marketable securities	0	0
Publicly held equity securities included in strategic investments	179,918
Total financial assets	475,861	958,357
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:
Certificate of deposit included in prepaid expenses and other current assets		0
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	295,943	958,357
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 2
Financial Assets:
Cash equivalents	576,668	618,498
Marketable securities	4,095,520	2,004,410
Total financial assets	4,672,485	2,625,246
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Commercial paper
Financial Assets:
Marketable securities	23,482	26,222
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Agency bonds
Financial Assets:
Marketable securities	437,453	461,365
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Corporate and other debt securities
Financial Assets:
Marketable securities	314,521	466,256
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| U.S. government agency securities
Financial Assets:
Marketable securities	2,996,045	834,665
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Treasury bills
Financial Assets:
Marketable securities	324,019	215,902
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 2 \| Certificates of deposit
Financial Assets:
Certificate of deposit included in prepaid expenses and other current assets		100
Certificates of deposit included in other assets, noncurrent	297	2,238
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	576,668	618,498
Fair Value, Recurring Basis \| Fair Value, Inputs, Level 3
Financial Assets:
Cash equivalents	0	0
Marketable securities	0	0
Total financial assets	13,366	5,130
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:
Certificate of deposit included in prepaid expenses and other current assets		0
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	13,366	5,130
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

Business Combinations (Details) - USD ($) $ in Thousands	Oct. 31, 2021	May 07, 2020	Jan. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 26,247		$ 24,340
Keybase
Business Acquisition [Line Items]
Business acquisition, percentage of voting interests acquired		100.00%
Payments to acquire businesses, gross		$ 42,900
Goodwill		24,300
Intangible assets, other than goodwill		3,300
Business combination, current assets, other		15,300
Business combination, cash and equivalents		16,400
Goodwill, tax deductible amount		$ 0
Acquired finite-lived intangible assets, weighted average useful life	3 years 6 months	5 years
Holdback agreements related to employees		$ 20,000
Keybase \| Minimum
Business Acquisition [Line Items]
Service period		1 year
Keybase \| Maximum
Business Acquisition [Line Items]
Service period		3 years

Balance Sheet Components - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021	Oct. 31, 2020	Jan. 31, 2020
Property, Plant and Equipment [Abstract]
Accounts receivable, gross	$ 411,952	$ 331,547
Less: allowance for credit losses	(21,100)	(20,500)	$ (16,500)	$ (5,150)
Less: allowance for returns	(12,978)	(16,344)
Accounts Receivable, after Allowance for Credit Loss, Total	$ 377,874	$ 294,703

Balance Sheet Components - Rollforward of Allowance For Credit Losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 20,500	$ 5,150
Provision for credit losses	19,416	17,070
Write-offs	(18,816)	(5,720)
Ending balance	$ 21,100	$ 16,500

Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Balance Sheet Components [Abstract]
Prepaid expenses	$ 96,059	$ 60,702
Restricted cash from international employee stock sales	20,041	50,475
Other	22,821	5,642
Prepaid expenses and other current assets	$ 138,921	$ 116,819

Balance Sheet Components - Schedule of Property and Equipment Net (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 292,016	$ 201,879
Less: accumulated depreciation and amortization	(79,361)	(51,955)
Property and equipment, net	212,655	149,924
Computer and office equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	208,745	137,445
Software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	54,146	36,216
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	24,586	23,593
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,539	$ 4,625

Balance Sheet Components - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Balance Sheet Components [Abstract]
Depreciation and amortization expense	$ 12.4	$ 7.4	$ 34.7	$ 19.1

Balance Sheet Components - Other Noncurrent Assets (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Balance Sheet Components [Abstract]
Accounts receivable, noncurrent	$ 36,915	$ 28,008
Prepaid expenses, noncurrent	18,167	12,386
Other	28,645	16,891
Other assets, noncurrent	$ 83,727	$ 57,285

Balance Sheet Components - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Balance Sheet Components [Abstract]
Accrued expenses	$ 225,237	$ 157,167
Accrued compensation and benefits	141,584	118,640
Income tax payable	49,090	3,426
Proceeds from employee equity transactions to be remitted to employees and tax authorities	25,832	54,174
Sales and other tax liabilities	27,450	27,453
Operating lease liabilities, current	18,074	15,601
Other	22,607	16,557
Accrued expenses and other current liabilities	$ 509,874	$ 393,018

Balance Sheet Components - Schedule of Other Liabilities Non Current (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Jan. 31, 2021
Balance Sheet Components [Abstract]
Sales and other tax liabilities	$ 55,563	$ 58,133
Other	14,347	3,501
Other liabilities, noncurrent	$ 69,910	$ 61,634

Commitments and Contingencies (Details) $ in Millions					9 Months Ended
Commitments and Contingencies (Details) $ in Millions	Oct. 21, 2021 USD ($)	Jul. 30, 2020 officer	Jun. 11, 2020 officer	Apr. 08, 2020 officer	Oct. 31, 2021 USD ($)	Oct. 27, 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
Aggregate legal settlement charge					$ 66.9

Stockholders’ Equity and Equity Incentive Plans - Additional Information (Details) $ / shares in Units, $ in Millions	9 Months Ended
	Oct. 31, 2021 USD ($) plan $ / shares shares	Jan. 31, 2021 $ / 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
Number of equity incentive plans \| plan	2
Unrecognized stock-based compensation expenses related to outstanding unvested stock options \| $	$ 26.1
Stock options
Class of Stock [Line Items]
Unrecognized stock-based compensation excepted to be recognized over a weighted-average period	10 months 24 days
RSUs
Class of Stock [Line Items]
Unrecognized stock-based compensation excepted to be recognized over a weighted-average period	2 years 7 months 6 days
Unrecognized stock-based compensation expenses \| $	$ 1,243.8
Employee Stock Purchase Plan
Class of Stock [Line Items]
Unrecognized stock-based compensation excepted to be recognized over a weighted-average period	1 year 7 months 6 days
Unrecognized stock-based compensation expenses \| $	$ 52.1
Class A Common Stock
Class of Stock [Line Items]
Common stock, authorized (in 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)			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)	300,000,000	300,000,000
Class B Common Stock \| Initial public offering
Class of Stock [Line Items]
Common stock, authorized (in 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) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2021 USD ($) $ / shares shares	Jan. 31, 2021 USD ($) $ / shares shares
Outstanding Stock Options
Beginning balance (in shares) \| shares	9,239,504
Granted (in shares) \| shares	0
Exercised (in shares) \| shares	(2,205,249)
Cancelled/forfeited/expired (in shares) \| shares	(128,780)
Ending balance (in shares) \| shares	6,905,475	9,239,504
Outstanding stock options, vested and exercisable (in shares) \| shares	4,978,217
Weighted- Average Exercise Price
Beginning balance (in dollars per share) \| $ / shares	$ 7.17
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	5.01
Cancelled/forfeited/expired (in dollars per share) \| $ / shares	9.32
Ending balance (in dollars per share) \| $ / shares	7.83	$ 7.17
Weighted average exercise price, vested and exercisable (in dollars per share) \| $ / shares	$ 5.16
Weighted- Average Remaining Contractual Life (Years)
Weighted- Average Remaining Contractual Life (Years)	6 years 3 months 18 days	7 years
Weighted-average remaining contractual life (years), vested and exercisable	6 years
Aggregate Intrinsic Value
Options outstanding, aggregate intrinsic value \| $	$ 1,842,547	$ 3,371,457
Options outstanding, aggregate intrinsic value, vested and exercisable \| $	$ 1,341,584

Stockholders’ Equity and Equity Incentive Plans - Summary of Restricted Stock Units Activity Under Equity Incentive Plan (Details) - RSUs	9 Months Ended
	Oct. 31, 2021 $ / shares shares
Unvested RSUs
Beginning balance (in shares) \| shares	4,510,730
Granted (in shares) \| shares	2,046,653
Vested (in shares) \| shares	(1,480,536)
Cancelled/forfeited (in shares) \| shares	(233,344)
Ending balance (in shares) \| shares	4,843,503
Weighted- Average Grant Date Fair Value Per Share
Beginning balance (in dollars per share) \| $ / shares	$ 194.57
Granted (in dollars per share) \| $ / shares	312.71
Vested (in dollars per share) \| $ / shares	187.38
Cancelled/forfeited (in dollars per share) \| $ / shares	248.84
Ending balance (in dollars per share) \| $ / shares	$ 244.07

Stockholders’ Equity and Equity Incentive Plans - Summary of Stock-based Compensation Expense by Line Item (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 114,801	$ 93,925	$ 315,912	$ 179,557
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	17,206	11,287	46,050	22,263
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	27,879	16,035	71,615	31,269
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	54,220	46,716	156,888	96,237
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 15,496	$ 19,887	$ 41,359	$ 29,788

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Income Tax Disclosure [Abstract]
Income before provision for (benefit from) income taxes	$ 410,283	$ 194,021	$ 963,098	$ 413,381
Provision for (benefit from) income taxes	$ 69,900	$ (4,621)	$ 78,100	$ 1,675
Effective tax rate	17.00%	(2.40%)	8.10%	0.40%

- 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		9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
Numerator:
Net income	$ 340,383	$ 198,642	$ 884,998	$ 411,706
Net income attributable to common stockholders	$ 340,271	$ 198,440	$ 884,568	$ 411,175
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	297,375,011	284,783,006	295,647,626	282,564,481
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	305,939,624	299,258,765	305,726,733	297,605,941
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 1.14	$ 0.70	$ 2.99	$ 1.46
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 1.11	$ 0.66	$ 2.89	$ 1.38
Class A Common Stock
Numerator:
Net income	$ 276,024	$ 136,849	$ 707,188	$ 256,176
Less: undistributed earnings attributable to participating securities		0	0	0
Net income attributable to common stockholders	276,024	136,849	707,188	256,176
Reallocation of net income attributable to common stockholders	(5,756)	(4,094)	(15,965)	(9,083)
Net income (loss) attributable to common stockholders, diluted	$ 270,268	$ 132,755	$ 691,223	$ 247,093
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	241,227,457	196,393,625	236,362,585	176,047,037
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	243,024,399	200,202,338	238,904,473	178,844,073
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 1.14	$ 0.70	$ 2.99	$ 1.46
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 1.11	$ 0.66	$ 2.89	$ 1.38
Class B Common Stock
Numerator:
Net income	$ 64,359	$ 61,793	$ 177,810	$ 155,530
Less: undistributed earnings attributable to participating securities	(112)	(202)	(430)	(531)
Net income attributable to common stockholders	64,247	61,591	177,380	154,999
Reallocation of net income attributable to common stockholders	5,756	4,094	15,965	9,083
Net income (loss) attributable to common stockholders, diluted	$ 70,003	$ 65,685	$ 193,345	$ 164,082
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares)	56,147,554	88,389,381	59,285,041	106,517,444
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares)	62,915,225	99,056,427	66,822,260	118,761,868
Net income per share attributable to common stockholders, basic (in dollars per share)	$ 1.14	$ 0.70	$ 2.99	$ 1.46
Net income per share attributable to common stockholders, diluted (in dollars per share)	$ 1.11	$ 0.66	$ 2.89	$ 1.38

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		9 Months Ended
	Oct. 31, 2021	Oct. 31, 2020	Oct. 31, 2021	Oct. 31, 2020
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)	1,401,165	39,872	757,558	200,420
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		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)	816,953	39,872	473,104	200,420
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	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)	584,212	0	284,454	0
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	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