| Schedule of RSU Activity |
The following table summarizes RSU activity for the year ended June 30, 2026. | | | | | | | | | | | | | Number of shares (1) (in thousands) | | Weighted
average
grant date
fair value | Nonvested at June 30, 2025 | 7,886 | | | $ | 67.67 | | | Granted | 3,276 | | | 46.72 | | | Vested | (3,424) | | | 71.47 | | | Forfeited | (1,760) | | | 64.14 | | Nonvested at June 30, 2026 | 5,978 | | | $ | 55.22 | |
(1) Includes RSU, market-based RSUs and performance-based RSUs.
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| Schedule of Stock Based Compensation Cost |
Stock-based compensation by award type (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year ended June 30, | | Unrecognized compensation (in thousands) | | Weighted-average recognition period (in years) | | 2026 | | 2025 | | 2024 | | | Restricted stock units (RSUs) | $ | 226,383 | | | $ | 228,374 | | | $ | 217,696 | | | $ | 216,756 | | | 2.0 | | Performance-based awards | 14,665 | | | 12,911 | | | 13,351 | | | 10,726 | | | 1.7 | | Employee stock purchase plan | 5,974 | | | 6,063 | | | 9,129 | | | 3,558 | | | 0.9 | | Market-based RSUs | 4,934 | | | 6,101 | | | 5,912 | | | 9,690 | | | 1.7 | | Stock options | 476 | | | 2,964 | | | 10,719 | | | — | | 0.0 | Total stock-based compensation | $ | 252,432 | | | $ | 256,413 | | | $ | 256,807 | | | $ | 240,730 | | | |
Stock-based compensation was included in the following line items in the accompanying consolidated statements of operations and consolidated balance sheets (in thousands): | | | | | | | | | | | | | | | | | | | Year ended
June 30, | | 2026 | | 2025 | | 2024 | | Revenue - subscription and transaction fees | $ | 2,449 | | | $ | 2,329 | | | $ | 1,831 | | | Cost of revenue - service costs | 8,554 | | | 9,627 | | | 9,309 | | | Research and development | 92,456 | | | 107,603 | | | 103,382 | | | Sales and marketing | 32,752 | | | 39,992 | | | 49,070 | | | General and administrative | 78,082 | | | 82,981 | | | 81,209 | | | Restructuring | 15,485 | | | — | | | 3,574 | | | Total amount charged to operating loss | 229,778 | | | 242,532 | | | 248,375 | | | Property and equipment (capitalized internal-use software) | 22,654 | | | 13,881 | | | 8,432 | | | Total stock-based compensation | $ | 252,432 | | | $ | 256,413 | | | $ | 256,807 | |
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| Schedule of Share Repurchase Program |
The table below sets forth information regarding repurchases made pursuant to the Company's share repurchase programs as of June 30, 2026 (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | Period | Shares repurchased | | Total amount repurchased(1) | | Average price paid per share(1) | | Available for future share repurchases | | Fiscal 2024 | | | | | | | | January 2023 Share Repurchase Program | 2,883 | | | $ | 211,885 | | | $ | 73.49 | | | — | | | Total | 2,883 | | | $ | 211,885 | | | | | | | Fiscal 2025 | | | | | | | | August 2024 Share Repurchase Program | 4,487 | | | $ | 236,725 | | | $ | 52.76 | | | — | | | Total | 4,487 | | | $ | 236,725 | | | | | | | Fiscal 2026 | | | | | | | | August 2024 Share Repurchase Program | 1,392 | | | $ | 65,454 | | | $ | 47.02 | | | — | | August 2025 Share Repurchase Program | 3,862 | | | 201,340 | | | $ | 52.13 | | | — | | | 2026 Share Repurchase Authorization | 8,434 | | | 300,473 | | | $ | 35.63 | | | $ | 702,170 | | | Total | 13,688 | | | $ | 567,267 | | | | | |
(1) Amounts include an immaterial amount of accrued excise tax.
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