v3.26.3
Revenue and Deferred Costs Revenue and Deferred Costs (Notes)
 3 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue and Deferred Costs [Text Block] REVENUE AND DEFERRED COSTS
Revenue Recognition
The Company generates revenue from hosting, transaction processing, professional services, software licensing and related services, and hardware sales.
Disaggregation of Revenue
The table below presents the Company's revenue disaggregated by type of revenue. Refer to Note 11, Reportable Segment Information, for disaggregated revenue by type and reportable segment. The majority of the Company’s revenue is earned domestically, with revenue from clients outside the United States comprising less than 1% of total revenue.
Three Months Ended September 30,
20262025
Cloud Services*$217,701 $195,609 
Product Delivery and Services80,123 75,811 
On-Premise Support107,137 105,431 
Services and Support404,961 376,851 
Processing296,586 267,887 
Total Revenue$701,547 $644,738 
*Formerly referred to as “Private and Public Cloud”. The Company changed the name of the type of revenue to Cloud Services beginning in the first quarter of fiscal 2027 to simplify presentation and improve clarity. This change does not represent any change to the products or services offered by the Company or to previously reported financial results, and prior period amounts are presented on a consistent basis.
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with clients.
September 30,
2026		June 30,
2026
Receivables, net$345,823 $349,111 
Contract Assets - Current39,580 40,331 
Contract Assets - Non-current132,731 138,202 
Contract Liabilities (Deferred Revenue) - Current250,773 294,763 
Contract Liabilities (Deferred Revenue) - Non-current81,974 77,709 
Contracts with our clients often include upfront incentive payments or credits provided to clients at or near the inception of an arrangement. These amounts are accounted for as a reduction to the transaction price and are recognized as a reduction to revenue over the term of the related agreement as the services are delivered. These amounts are included in contract assets; the current portion is reported within prepaid expenses and other in the condensed consolidated balance sheets, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from clients in advance of delivery of the related goods and services to the client. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period.
The Company analyzes contract language to identify if a significant financing component does exist and would adjust the transaction price for any material effects of the time value of money if the timing of payments provides either party to the contract with a significant benefit of financing the transaction.
For the fiscal three months ended September 30, 2026, and 2025, the Company recognized revenue of $86,567 and $89,398, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.
Amounts recognized that relate to performance obligations satisfied (or partially satisfied) in prior periods were immaterial for each period presented. These adjustments are primarily the result of transaction price re-allocations due to changes in estimates of variable consideration.
Transaction Price Allocated to Remaining Performance Obligations
As of September 30, 2026, estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period totaled $8,422,972. The Company expects to recognize approximately 23% over the next 12 months, 19% in 13-24 months, and the balance thereafter.
Contract Costs
The Company incurs incremental costs to obtain a contract as well as costs to fulfill contracts with clients that are expected to be recovered. These costs consist primarily of sales commissions, which are incurred only if a contract is obtained, and client conversion or implementation-related costs. Capitalized costs to obtain contracts with clients are included within prepaid expenses and other (current portion) and other non-current assets (non-current portion) in the Company's condensed consolidated balance sheets. Capitalized costs to fulfill contracts with clients are included within deferred costs (current portion) and non-current deferred costs (non-current portion) in the Company's condensed consolidated balance sheets. Capitalized costs are amortized based on the transfer of goods or services to which the asset relates, in line with the percentage of revenue recognized for each performance obligation to which the costs are allocated. Capitalized costs as of September 30, 2026, and June 30, 2026, were as follows:
September 30,
2026		June 30,
2026
Capitalized costs to obtain contracts with clients1
$299,506 $301,521 
Capitalized costs to fulfill contracts with clients
320,232 298,008 
1 Includes current and non-current capitalized costs of $76,140 and $223,366 at September 30, 2026, respectively, and $74,596 and $226,925 at June 30, 2026, respectively.
For the fiscal three months ended September 30, 2026, and 2025, amortization of deferred contract costs totaled $51,223 and $47,182, respectively. There were no impairment losses in relation to capitalized costs for the periods presented.