v3.26.1
Balance Sheet Components (Tables)
 12 Months Ended
Jun. 30, 2026
Balance Sheet Related Disclosures [Abstract]  
Schedule of Property, Equipment and Software, Net
Property, equipment and software, net consisted of the following (in thousands):

June 30, 2026June 30, 2025
Internally developed software$1,367,965 $987,399 
Leasehold improvements17,525 21,990 
Computer equipment9,287 9,555 
Furniture and equipment7,717 9,007 
Total property, equipment and software, at cost$1,402,494 $1,027,952 
Less: Accumulated depreciation and amortization(716,659)(455,315)
Total property, equipment and software, net$685,834 $572,637 
Schedule of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill during the years ended June 30, 2026 and 2025 were as follows (in thousands):

Balance as of June 30, 2024$533,439 
Adjustments (1)
717 
Balance as of June 30, 2025$534,156 
Adjustments (1)
(9,704)
Balance as of June 30, 2026$524,452 
(1)Adjustments to goodwill during the years ended June 30, 2026 and 2025 primarily pertained to foreign currency translation adjustments.
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):

June 30, 2026
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life (in years)
Merchant relationships$23,500 $(9,522)$13,978 3.6
Developed technology23,021 (23,006)15 0.3
Assembled workforce12,490 (12,490)— 0.0
Trademarks, licenses and domains12,073 — 12,073 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$71,434 $(45,018)$26,416 

June 30, 2025
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life (in years)
Merchant relationships$37,845 $(37,845)$— 0.0
Developed technology39,443 (39,369)74 1.3
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains1,450 (1,355)95 0.6
Trademarks, licenses and domains12,416 — 12,416 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,994 $(91,059)$12,935 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):

June 30, 2026
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life (in years)
Merchant relationships$23,500 $(9,522)$13,978 3.6
Developed technology23,021 (23,006)15 0.3
Assembled workforce12,490 (12,490)— 0.0
Trademarks, licenses and domains12,073 — 12,073 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$71,434 $(45,018)$26,416 

June 30, 2025
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life (in years)
Merchant relationships$37,845 $(37,845)$— 0.0
Developed technology39,443 (39,369)74 1.3
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains1,450 (1,355)95 0.6
Trademarks, licenses and domains12,416 — 12,416 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,994 $(91,059)$12,935 
Schedule of Other Assets Other assets consisted of the following (in thousands):
June 30, 2026June 30, 2025
Processing reserves$160,435 $90,826 
Prepaid expenses47,864 44,912 
Equity securities held at cost40,396 40,277 
Derivative instruments (1)
34,151 45,823 
Prepaid merchant incentives31,589 2,114 
Operating lease right-of-use assets22,978 19,124 
Prepaid payroll taxes for stock-based compensation6,862 25,188 
Other assets 16,328 13,166 
Total other assets (2)
$360,601 $281,431 
(1)For the year ended June 30, 2025, to conform to the current period presentation, risk sharing assets are presented within derivative instruments. There was no effect on total other assets.
(2)For the year ended June 30, 2025, on the consolidated balance sheets, we reclassified deferred tax assets out of other assets to a separate line item to conform with the current period presentation. Accordingly, deferred tax assets are no longer presented in the table above.
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following (in thousands):

June 30, 2026June 30, 2025
Accrued expenses$118,744 $72,813 
Operating lease liability29,187 31,943 
Other liabilities51,562 52,516 
Total accrued expenses and other liabilities$199,493 $157,272