Revenue from Contracts with Customers |
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| Revenue from Contract with Customer [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from Contracts with Customers | 2. Revenue from Contracts with Customers Receivables, Contract Assets and Contract Liabilities
During the nine months ended June 30, 2025, we recognized $681.9 million of revenue that was included in Deferred revenue as of September 30, 2024. The remainder of the change in the Deferred revenue balance was driven by additional deferrals, primarily from new billings, as well as an increase in the balance resulting from changes in foreign currency exchange rates. Our multi-year, non-cancellable on-premises subscription contracts provide customers with an annual right to exchange software within the subscription with other software. As of June 30, 2025 and September 30, 2024, our total revenue liability was $33.4 million and $26.0 million, respectively, primarily associated with the annual right to exchange on-premises subscription software. Remaining Performance Obligations (RPO) Our contracts with customers include amounts allocated to performance obligations that will be satisfied and recognized as revenue at a later date. The value of RPO and timing of recognition may be impacted by several factors, including the performance obligation type, duration and timing of commencement, as well as foreign currency exchange rate fluctuations. As of June 30, 2025, RPO totaled $2,309.2 million, of which $777.4 million is recorded in Deferred revenue and $1,531.8 million is not yet recorded in the Consolidated Balance Sheets. Of the total, we expect to recognize approximately 58% over the next 12 months, 25% over the next 13 to 24 months, and the remaining amount thereafter. Disaggregation of Revenue
(1) Recurring revenue is comprised of on-premises subscription, perpetual support, SaaS, and hosting services revenue. We report revenue by the following two product groups:
Our international revenue is presented based on the location of our customer. Revenue for the geographic regions in which we operate is presented below.
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