v3.24.3
Net Income Per Share
 9 Months Ended
Oct. 31, 2024
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
Basic net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding for the fiscal period. Diluted net income per share is computed by giving effect to all potential weighted average dilutive common stock, including options and restricted stock units. The dilutive effect of outstanding awards is reflected in diluted net income per share by application of the treasury stock method.
A reconciliation of the denominator used in the calculation of basic and diluted net income per share is as follows (in millions):
3Three Months Ended October 31,Nine Months Ended October 31,
 2024202320242023
Numerator:
Net income$1,527 $1,224 $4,489 $2,690 
Denominator:
Weighted-average shares outstanding for basic net income per share956 972 963 976 
Effect of dilutive securities:
Employee stock awards9 9 12 9 
Weighted-average shares outstanding for diluted net income per share965 981 975 985 
The weighted-average number of shares outstanding used in the computation of diluted net income per share does not include the effect of the following potentially outstanding common stock. The effects of these potentially outstanding shares were not included in the calculation of diluted net income per share because the effect would have been anti-dilutive (in millions):
 Three Months Ended October 31,Nine Months Ended October 31,
 2024202320242023
Employee stock awards10 12 9 16