v3.25.2
Segment Reporting
 12 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting
(19) Segment Reporting
As disclosed in Note 2, the Company determined that it operates as one reportable segment and derives revenues from customers by providing its human capital management, payroll and spend management solutions. The Company’s chief operating decision maker (“CODM”) is its president and chief executive officer. The CODM utilizes consolidated net income and certain non-GAAP measures, including adjusted EBITDA, along with other information contained in the consolidated financial statements to assess the Company’s performance and guide decisions on allocation of resources. The segment’s total assets are reported on the consolidated balance sheet.
The following table presents the Company’s revenue, significant expenses and other segment items as included in consolidated net income:
Year Ended June 30,
202320242025
Revenue$1,174,598 $1,402,515 $1,595,221 
Adjusted cost of revenue(309,720)(367,757)(401,428)
Adjusted sales and marketing(258,318)(297,944)(335,775)
Adjusted research and development(124,876)(139,109)(165,063)
Adjusted general and administrative(129,319)(130,575)(148,618)
Other income3,588 16,922 5,039 
Income tax expense(17,792)(70,249)(81,936)
Other segment items(197,339)(207,037)(240,313)
Net income$140,822 $206,766 $227,127 
Other segment items primarily include amortization of capitalized internal-use software and acquired intangible assets and stock-based compensation expense.