v3.26.1
Segments
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments

12. Segments

We operate as a single operating and reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and in assessing performance. Our CODM is our Chief Executive Officer. The CODM evaluates financial performance and allocates resources based on consolidated results, including consolidated net income. The total assets of the segment are reported on the Consolidated Balance Sheets.

The following table presents revenue, significant expenses, and consolidated net income for our reportable segment:

(in thousands)

 

Three months ended

 

 

Nine months ended

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Revenue

 

$

600,049

 

 

$

643,937

 

 

$

2,060,177

 

 

$

1,845,431

 

Costs and expenses:

 

 

 

 

 

 

 

 

 

 

 

 

      Cost of revenue, adjusted(1)

 

 

96,228

 

 

 

96,556

 

 

 

298,791

 

 

 

286,764

 

      Operating expenses, adjusted(2)

 

 

255,302

 

 

 

262,210

 

 

 

792,581

 

 

 

782,856

 

      Other segment items(3)

 

 

129,739

 

 

 

143,843

 

 

 

92,784

 

 

 

389,607

 

Consolidated net income

 

$

118,780

 

 

$

141,328

 

 

$

876,021

 

 

$

386,204

 
(1)
Cost of revenue, adjusted excludes stock-based compensation and amortization of acquired intangible assets.
(2)
Operating expenses, adjusted excludes stock-based compensation, amortization of acquired intangible assets, acquisition and transaction-related charges, and Impairment and other charges, net.
(3)
Other segment items include stock-based compensation; amortization of acquired intangible assets; acquisition and transaction-related charges; Impairment and other charges, net; Other income, net; and Provision for income taxes.