v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 271,917 $ 398,070
Accounts receivable, net 50,093 41,642
Deferred contract costs 132,960 117,177
Prepaid expenses and other 57,582 50,943
Total current assets before funds held for clients 512,552 607,832
Funds held for clients 3,210,504 2,704,137
Total current assets 3,723,056 3,311,969
Capitalized internal-use software, net 143,594 132,317
Property and equipment, net 71,403 54,210
Operating lease right-of-use assets 33,137 35,997
Intangible assets, net 86,140 92,671
Goodwill 378,964 343,100
Long-term deferred contract costs 426,226 393,671
Long‑term prepaid expenses and other 10,363 7,739
Deferred income tax assets 11,475 17,754
Total assets 4,884,358 4,389,428
Current liabilities:    
Accounts payable 10,944 17,347
Accrued expenses 200,279 193,081
Total current liabilities before client fund obligations 211,223 210,428
Client fund obligations 3,209,015 2,694,842
Total current liabilities 3,420,238 2,905,270
Long-term debt 81,250 162,500
Long-term operating lease liabilities 42,200 46,772
Other long-term liabilities 12,930 8,580
Deferred income tax liabilities 106,323 32,559
Total liabilities 3,662,941 3,155,681
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2025 and June 30, 2026 0 0
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2025 and June 30, 2026; 55,366 shares issued and outstanding at June 30, 2025 and 53,271 shares issued and outstanding at June 30, 2026 53 55
Additional paid-in capital 52,271 327,518
Retained earnings 1,170,324 900,583
Accumulated other comprehensive income (loss) (1,231) 5,591
Total stockholders' equity 1,221,417 1,233,747
Total liabilities and stockholders’ equity $ 4,884,358 $ 4,389,428