v3.26.1
Goodwill and Intangible Assets
12 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
Goodwill
Goodwill, which is primarily attributable to expected synergies from acquisitions and is not deductible for U.S. federal and state income tax purposes, consisted of $2.4 billion as of each of June 30, 2026 and 2025.
Intangible Assets
Intangible assets consisted of the following as of the dates presented (amounts in thousands):
June 30, 2026
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted average remaining
useful life
(In years)
Customer relationships$259,269 $(130,263)$129,006 5.0
Developed technology219,217 (186,077)33,140 0.9
Total$478,486 $(316,340)$162,146 
Jun 30, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted average remaining
useful life
(In years)
Customer relationships$259,268 $(104,336)$154,932 6.0
Developed technology219,217 (151,344)67,873 1.9
Trade name48,042 (48,042)— 0.0
Total$526,527 $(303,722)$222,805 
Amortization of finite-lived intangible assets was as follows during the years ended June 30, 2026 and 2025 (in thousands):
June 30,
20262025
Cost of revenue$34,732 $35,217 
Sales and marketing25,927 26,708 
Total$60,659 $61,925 
As of June 30, 2026, future amortization of finite-lived intangible assets that will be recorded in cost of revenue and operating expenses is estimated as follows (in thousands):
Fiscal years ending June 30:
Amount
2027$57,990 
202827,004 
202925,927 
203025,927 
203124,277 
Thereafter1,021 
Total$162,146