v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 104,415 $ 105,198
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 9,544 9,408
Amortization 6,061 2,756
Share-based compensation 151,737 148,709
Deferred income taxes 13,256 8,894
Other 1,514 (8,040)
Net change in operating assets and liabilities:    
Accounts receivable 267,497 320,545
Deferred contract costs 2,948 (23,254)
Prepaid expenses and other assets (6,882) 4,145
Accounts payable and accrued expenses (12,081) (33,755)
Operating leases, net (596) 746
Deferred revenue (190,088) (233,643)
Net cash provided by operating activities 347,325 301,709
Cash flows from investing activities:    
Purchase of property and equipment (8,230) (11,669)
Capitalized software additions 0 (194)
Acquisition of a business, net of cash acquired (99,072) 0
Purchases of marketable securities (27,406) (63,764)
Proceeds from sales and maturities of marketable securities 49,476 69,122
Net cash used in investing activities (85,232) (6,505)
Cash flows from financing activities:    
Proceeds from issuance of exchangeable notes, net of debt issuance costs 1,411,500 0
Purchase of exchangeable note hedges (412,563) 0
Proceeds from issuance of warrants related to exchangeable notes 244,806 0
Proceeds from employee stock purchase plan 12,636 11,871
Proceeds from exercise of stock options 5,175 3,738
Repurchases of common stock (522,844) (95,034)
Taxes paid related to net share settlement of equity awards (11,774) (16,338)
Other (3,383) (3,314)
Net cash provided by (used in) financing activities 723,553 (99,077)
Effect of exchange rates on cash, cash equivalents, and restricted cash (2,586) 11,857
Net increase in cash, cash equivalents, and restricted cash 983,060 207,984
Cash, cash equivalents, and restricted cash, beginning of period 1,097,220 1,017,039
Cash, cash equivalents, and restricted cash, end of period 2,080,280 1,225,023
Reconciliation of cash, cash equivalents, and restricted cash, end of period:    
Cash and cash equivalents 2,075,629 1,225,023
Restricted cash included in other assets 4,651 0
Total cash, cash equivalents, and restricted cash 2,080,280 1,225,023
Supplemental cash flow data:    
Cash paid for interest 280 363
Cash paid for tax, net $ 65,518 $ 59,971