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Equity Incentive Plans (Tables)

12 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table summarizes our stock option activity for the year ended June 30, 2022:

						Number of Options						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value (in thousands)
Balance as of June 30, 2021						31,662,750						$	10.42					6.30
Granted						2,428,616						25.69
Exercised						(13,519,561)						5.13
Forfeited, expired or cancelled						(1,261,099)						23.68
Balance as of June 30, 2022						19,310,706						15.22						6.94
Vested and exercisable, June 30, 2022						11,792,367						$	7.61					5.98						$	139,121
Vested and exercisable, and expected to vest thereafter(1) June 30, 2022						18,922,009						$	14.53					6.91						$	164,796

(1)Options expected to vest reflect the application of an estimated forfeiture rate.

Tranche						Stock Price Hurdle						Number of Options
1						$	65.66					1,000,000
2						$	82.32					1,000,000
3						$	98.98					1,000,000
4						$	115.64					1,000,000
5						$	132.30					1,000,000
6						$	148.47					1,000,000
7						$	165.13					1,000,000
8						$	181.79					1,000,000
9						$	247.94					2,250,000
10						$	371.91					2,250,000
Total												12,500,000

Schedule of Stock Options Valuation Assumptions

We used the simplified method to determine an estimate of the expected term of an employee share option.

						Year ended June 30,
						2022						2021						2020
Volatility						54%						46%						45%
Risk-free interest rate						1.47% - 3.01%						0.70% - 1.05%						0.28% - 1.76%
Expected term (in years)						5.56						6.35						5.87
Expected dividend yield						—						—						—

Schedule of Restricted Stock Unit Activity

The following table summarizes our RSU activity during the year ended June 30, 2022:

						Number of Shares						Weighted Average Grant Date Fair Value
Non-vested as of June 30, 2021						14,242,111						$	36.69
Granted						15,903,666						42.53
Vested						(6,251,519)						40.00
Forfeited, expired or cancelled						(2,506,666)						36.94
Non-vested as of June 30, 2022						21,387,592						$	38.41

Schedule of Components and Classification of Stock-based Compensation

The following table presents the components and classification of stock-based compensation (in thousands):

						Year ended June 30,
						2022						2021			2020
General and administrative						$	248,797					$	196,554		$	13,682
Technology and data analytics						116,531						76,643			12,285
Sales and marketing						23,224						17,092			4,040
Processing and servicing						2,431						2,218			82
Total stock-based compensation in operating expenses						390,983						292,507			30,089
Capitalized into property, equipment and software, net						54,542						13,999			2,921
Total stock-based compensation expense						$	445,525					$	306,506		$	33,010

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