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Revenue (Tables) | 12 Months Ended
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Jun. 30, 2023
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents the company’s revenue disaggregated by revenue source (in thousands):
|  | Year ended June 30,
|  | 2023 |  | 2022 |  | 2021
Merchant network revenue |  | $ | 507,600 |  |  | 458,511 |  |  | 379,551 |
Card network revenue |  | 119,338 |  |  | 100,696 |  |  | 49,851 |
Interest income |  | 685,217 |  |  | 527,880 |  |  | 326,417 |
Gain on sales of loans |  | 188,341 |  |  | 196,435 |  |  | 89,926 |
Servicing income |  | 87,489 |  |  | 65,770 |  |  | 24,719 |
Total revenue, net |  | $ | 1,587,985 |  |  | $ | 1,349,292 |  |  | $ | 870,464 |
Schedule of Interest Income | Interest income consisted of the following components (in thousands):
|  | Year ended June 30,
|  | 2023 |  | 2022 |  | 2021
Contractual interest income on unpaid principal balance |  | $ | 561,192 |  |  | 365,993 |  |  | 237,526 |
Amortization of discount on loans |  | 158,703 |  |  | 185,050 |  |  | 101,078 |
Amortization of premiums on loans |  | (17,628) |  |  | (13,085) |  |  | (9,018) |
Interest receivable charged-off, net of recoveries |  | (17,050) |  |  | (10,078) |  |  | (3,169) |
Total interest income |  | $ | 685,217 |  |  | $ | 527,880 |  |  | $ | 326,417 |

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