CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Revenue | |||
| Revenue | $ 1,443,922 | $ 1,113,966 | $ 826,008 |
| Interest income | 2,047,485 | 1,608,221 | 1,204,355 |
| Gain on sales of loans | 596,553 | 381,622 | 197,153 |
| Servicing income | 173,123 | 120,602 | 95,483 |
| Total revenue, net | 4,261,082 | 3,224,412 | 2,322,999 |
| Operating expenses | |||
| Loss on loan purchase commitment | 311,864 | 242,264 | 180,395 |
| Provision for credit losses | 796,650 | 616,683 | 460,628 |
| Funding costs | 454,016 | 425,451 | 344,253 |
| Processing and servicing | 613,587 | 457,849 | 343,249 |
| Technology and data analytics | 747,145 | 589,723 | 501,857 |
| Sales and marketing | 342,531 | 434,847 | 576,405 |
| General and administrative | 578,312 | 545,053 | 525,291 |
| Restructuring and other | 0 | (184) | 6,768 |
| Total operating expenses | 3,844,105 | 3,311,685 | 2,938,846 |
| Operating income (loss) | 416,977 | (87,273) | (615,847) |
| Other income, net | 75,750 | 148,737 | 100,320 |
| Income (loss) before income taxes | 492,727 | 61,464 | (515,527) |
| Income tax expense (benefit) | (1,437,067) | 9,279 | 2,230 |
| Net income (loss) | 1,929,793 | 52,186 | (517,757) |
| Other comprehensive income (loss) | |||
| Foreign currency translation adjustments | (24,862) | 6,025 | (13,655) |
| Unrealized gain (loss) on securities available for sale, net | (1,884) | 3,297 | 6,857 |
| Gain (loss) on cash flow hedges | 5,447 | (2,826) | 656 |
| Net other comprehensive income (loss) | (21,299) | 6,496 | (6,142) |
| Comprehensive income (loss) | $ 1,908,494 | $ 58,682 | $ (523,899) |
| Net income (loss) per share attributable to common stockholders for Class A and Class B | |||
| Basic (in USD per share) | $ 5.76 | $ 0.16 | $ (1.67) |
| Diluted (in USD per share) | $ 5.53 | $ 0.15 | $ (1.67) |
| Weighted average common shares outstanding | |||
| Basic (in shares) | 335,155,421 | 322,851,873 | 309,857,129 |
| Diluted (in shares) | 348,846,647 | 341,023,566 | 309,857,129 |
| Merchant network revenue | |||
| Revenue | |||
| Revenue | $ 1,149,932 | $ 882,658 | $ 674,607 |
| Card network revenue | |||
| Revenue | |||
| Revenue | $ 293,990 | $ 231,308 | $ 151,401 |
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- Definition Loss On Financing Receivable Commitments To Purchase No definition available.
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- Definition Processing And Servicing Expense No definition available.
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- Definition Restructuring Charges (Reversals) And Other Expense No definition available.
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- Definition Technology And Data Analytics Expense No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of contractually specified servicing fee, late fee, and ancillary fee recognized as income for servicing asset and servicing liability. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net gain (loss) resulting from a sale of loans, including adjustments to record loans classified as held-for-sale at the lower-of-cost-or-market and fair value adjustments to loan held for investment purposes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after tax and before reclassification, of gain (loss) from derivative instrument designated and qualifying as cash flow hedge included in assessment of hedge effectiveness. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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