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NET INCOME PER SHARE
 9 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
NET INCOME PER SHARE NET INCOME PER SHARE
Basic net income per share is calculated by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is calculated by using the weighted-average number of shares of common stock outstanding during the period, increased to include the number of additional shares of common stock that would have been outstanding if the shares of common stock underlying our outstanding dilutive RSUs had been issued. The dilutive effect of outstanding RSUs is reflected in diluted net income per share by application of the treasury stock method.
The following table sets forth the computation of basic and diluted net income per share:
(In thousands, except per share amounts)Three Months Ended March 31,Nine Months Ended March 31,
2025202420252024
Numerator:
Net income$1,088,416 $601,541 $2,858,794 $1,925,450 
Denominator:
Weighted-average shares - basic, excluding unvested RSUs132,607 134,954 133,361 135,638 
Effect of dilutive RSUs and options696 902 705 790 
Weighted-average shares - diluted133,303 135,856 134,066 136,428 
Basic net income per share$8.21 $4.46 $21.44 $14.20 
Diluted net income per share$8.16 $4.43 $21.32 $14.11 
Anti-dilutive securities excluded from the computation of diluted net income per share5 — 39 1