v3.26.1
Equity Incentive Plans (Tables)
 12 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table summarizes our stock option activity for the year ended June 30, 2026:
Number of OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (in thousands)
Balance as of June 30, 202512,955,978 $19.12 5.18
Exercised(3,048,939)14.26 
Forfeited, expired or canceled(168,023)40.69 
Balance as of June 30, 20269,739,016 20.27 4.44
Vested and exercisable, June 30, 20268,730,375 $19.15 4.09$544,997 
Vested and exercisable, and expected to vest thereafter (1) June 30, 2026
9,738,281 $20.29 4.44$596,787 
(1)Options expected to vest reflect the application of an estimated forfeiture rate.
The following table summarizes our Value Creation Award activity for the year ended June 30, 2026:

Number of OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (in thousands)
Balance as of June 30, 2025
12,500,000 $49.00 5.29
Exercised(1,999,998)49.00 
Expired(8,500,000)49.00 
Balance as of June 30, 2026
2,000,002 49.00 4.54
Vested and exercisable, June 30, 2026
2,000,002 $49.00 4.54$65,100 
Schedule of Stock Options Valuation Assumptions We used the simplified method to determine an estimate of the expected term of an employee share option.
June 30, 2026 (1)
June 30, 2025June 30, 2024
VolatilityN/A80%75%
Risk-free interest rateN/A
3.46% - 4.35%
4.21% - 4.36%
Expected term (in years)N/A6.066.05
Expected dividend yieldN/A——
(1)No stock options were granted during the year ended June 30, 2026; accordingly, fair value assumptions were not applicable.
Schedule of Restricted Stock Units Activity
The following table summarizes our RSU activity during the year ended June 30, 2026:
Number of SharesWeighted Average Grant Date Fair Value
Non-vested at June 30, 202513,666,035 $30.98 
Granted6,479,309 67.58 
Vested(11,390,839)38.44 
Forfeited, expired or canceled(1,494,866)41.09 
Non-vested at June 30, 20267,259,639 $49.87 
Schedule of Performance Stock Units Activity
The following table summarizes our PSU activity during the year ended June 30, 2026:

Number of SharesWeighted Average Grant Date Fair Value
Non-vested at Balance as of June 30, 2025
— $— 
Granted596,423 82.11 
Non-vested at June 30, 2026
596,423 $82.11 
Schedule of Components and Classification of Stock-based Compensation
The following table presents the components and classification of stock-based compensation (in thousands):
June 30, 2026June 30, 2025June 30, 2024
General and administrative$195,746 $216,323 $228,334 
Technology and data analytics92,017 87,707 96,596 
Sales and marketing16,026 16,535 16,374 
Processing and servicing882 868 3,207 
Total stock-based compensation in operating expenses304,671 321,433 344,511 
Capitalized into property, equipment and software, net179,842 178,461 126,510 
Total stock-based compensation$484,513 $499,894 $471,021