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Balance Sheet Components (Tables)
 9 Months Ended
Mar. 31, 2023
Balance Sheet Related Disclosures [Abstract]  
Schedule of Property, Equipment and Software, Net
Property, equipment and software, net consisted of the following (in thousands):

March 31, 2023June 30, 2022
Internally developed software$344,497 $200,621 
Leasehold improvements20,128 16,169 
Computer equipment10,797 10,751 
Furniture and equipment6,435 4,279 
Total Property, equipment and software, at cost$381,857 $231,820 
Less: Accumulated depreciation and amortization(104,701)(60,338)
Total Property, equipment and software, net$277,156 $171,482 
Schedule of Goodwill
The changes in the carrying amount of goodwill during the nine months ended March 31, 2023 were as follows (in thousands):

Balance as of June 30, 2022$539,534 
Additions (1)
9,443 
Effect of foreign currency translation(11,851)
Balance as of March 31, 2023$537,126 
(1)Refer to Note 5. Acquisitions for a description of additions to goodwill during the nine months ended March 31, 2023.
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):
March 31, 2023
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life
(in years)
Merchant relationships$37,933 $(19,887)$18,046 2.9
Developed technology39,500 (26,159)13,340 1.2
Assembled workforce12,490 (7,909)4,581 0.6
Trademarks and domains, definite1,460 (932)528 1.9
Trademarks, licenses and domains, indefinite 11,422 — 11,422 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,155 $(54,887)$48,267 

June 30, 2022
GrossAccumulated AmortizationNetWeighted Average
Remaining Useful Life
(in years)
Merchant relationships$38,371 $(10,281)$28,090 3.6
Developed technology39,782 (15,882)23,900 1.9
Assembled workforce12,490 (1,664)10,826 1.3
Trademarks and domains, definite 1,507 (802)705 2.4
Trademarks and domains, indefinite2,146 — 2,146 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$94,646 $(28,629)$66,017 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):
March 31, 2023
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life
(in years)
Merchant relationships$37,933 $(19,887)$18,046 2.9
Developed technology39,500 (26,159)13,340 1.2
Assembled workforce12,490 (7,909)4,581 0.6
Trademarks and domains, definite1,460 (932)528 1.9
Trademarks, licenses and domains, indefinite 11,422 — 11,422 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,155 $(54,887)$48,267 

June 30, 2022
GrossAccumulated AmortizationNetWeighted Average
Remaining Useful Life
(in years)
Merchant relationships$38,371 $(10,281)$28,090 3.6
Developed technology39,782 (15,882)23,900 1.9
Assembled workforce12,490 (1,664)10,826 1.3
Trademarks and domains, definite 1,507 (802)705 2.4
Trademarks and domains, indefinite2,146 — 2,146 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$94,646 $(28,629)$66,017 
Schedule of Intangible Assets, Future Amortization Expense
The expected future amortization expense of these intangible assets as of March 31, 2023 is as follows (in thousands):

2023 (remaining three months)$25,910 
202410,260 
2025251 
202659 
2027 and thereafter15 
Total amortization expense$36,495 
Schedule of Other Assets Other assets consisted of the following (in thousands):
March 31, 2023June 30, 2022
Processing reserves$53,728 $26,483 
Derivative instruments49,459 49,983 
Equity securities, at cost43,172 43,172 
Operating lease right-of-use assets34,054 50,671 
Prepaid expenses29,878 37,497 
Other assets60,348 73,761 
Total other assets$270,639 $281,567 
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following (in thousands)

March 31, 2023June 30, 2022
Operating lease liability$55,977 $65,713 
Collateral held for derivative instruments 52,219 55,779 
Accrued expenses39,967 67,343 
Other liabilities44,197 48,763 
Total accrued expenses and other liabilities$192,360 $237,598