
	As of September 30, 2026
	Cost		Accumulated Amortization		Net
Technology assets	$	1,031,977	$	(642,068)	$	389,909
Client assets	1,825,895		(839,673)		986,222
Total	$	2,857,872	$	(1,481,741)	$	1,376,131

	As of June 30, 2026
	Cost		Accumulated Amortization		Net
Technology assets	$	1,033,137	$	(600,421)	$	432,716
Client assets	2,269,497		(1,227,195)		1,042,302
Total	$	3,302,634	$	(1,827,616)	$	1,475,018

Where applicable, the above balances as of September 30, 2026 have been reduced to reflect the impact of intangible assets where the gross cost has become fully amortized during the three months ended September 30, 2026. This impact resulted in reductions to the cost and accumulated amortization of technology assets and client assets of $1.2 million and $443.6 million, respectively. The weighted average amortization periods for acquired technology and client intangible assets are approximately six years and nine years, respectively.

The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:


Fiscal years ending June 30,
2027 (nine months ending)	$	287,842
2028	370,183
2029	276,536
2030	205,307
2031	193,035
2032 and thereafter	43,228
Total	$	1,376,131