Income Taxes |
9 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Income Tax Disclosure [Abstract] | |
| Income Taxes | Income Taxes The Company files income tax returns in U.S. federal, state, and various foreign jurisdictions. As of June 30, 2026, the Company had unrecognized tax benefits, defined as the aggregate tax effect of differences between tax return positions and the benefits recognized in the Company’s financial statements, of $718.7 million ($655.7 million, net of federal benefit). If recognized, $618.7 million of these tax benefits would have reduced income tax expense and the effective tax rate. Included in this amount is $81.2 million of interest and penalties, which the Company records in Income Tax Expense in its Consolidated Statements of Operations. In the nine months ended June 30, 2026, unrecognized tax benefits increased by $78.2 million. The Company’s effective tax rates were 22.1% and 21.6% for the three and nine months ended June 30, 2026, respectively. The Company’s effective tax rates were 23.0% and 22.3% for the three and nine months ended June 30, 2025, respectively. The effective tax rates for the three and nine months ended June 30, 2026 and 2025 were higher than the U.S. statutory rate primarily due to U.S. state income taxes, offset in part by the benefit of income taxed at rates lower than the U.S. statutory rate and tax benefits associated with equity compensation.
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