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Balance Sheet Components (Tables)
 6 Months Ended
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Schedule of Property, Equipment and Software, Net
Property, equipment and software, net consisted of the following (in thousands):

December 31, 2024June 30, 2024
Internally developed software$804,651 $630,129 
Leasehold improvements21,085 21,023 
Computer equipment10,373 9,827 
Furniture and equipment9,001 8,913 
Total property, equipment and software, at cost$845,111 $669,892 
Less: Accumulated depreciation and amortization(338,777)(242,206)
Total property, equipment and software, net$506,334 $427,686 
Schedule of Goodwill
The changes in the carrying amount of goodwill during the six months ended December 31, 2024 were as follows (in thousands):

Balance as of June 30, 2024$533,439 
Adjustments (1)
(11,740)
Balance as of December 31, 2024$521,699 
(1)Adjustments to goodwill during the six months ended December 31, 2024 primarily pertained to foreign currency translation adjustments.
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):

December 31, 2024
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life
(in years)
Merchant relationships$37,417 $(37,417)$— 0.0
Developed technology39,167 (39,064)103 0.1
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains, definite1,404 (1,223)181 0.7
Trademarks, licenses and domains, indefinite 11,559 — 11,559 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$102,387 $(90,194)$12,193 

June 30, 2024
GrossAccumulated AmortizationNetWeighted Average
Remaining Useful Life
(in years)
Merchant relationships$37,847 $(36,741)$1,106 0.1
Developed technology39,444 (39,311)133 0.0
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains, definite1,450 (1,165)285 1.0
Trademarks, licenses and domains, indefinite11,628 — 11,628 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,209 $(89,707)$13,502 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):

December 31, 2024
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life
(in years)
Merchant relationships$37,417 $(37,417)$— 0.0
Developed technology39,167 (39,064)103 0.1
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains, definite1,404 (1,223)181 0.7
Trademarks, licenses and domains, indefinite 11,559 — 11,559 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$102,387 $(90,194)$12,193 

June 30, 2024
GrossAccumulated AmortizationNetWeighted Average
Remaining Useful Life
(in years)
Merchant relationships$37,847 $(36,741)$1,106 0.1
Developed technology39,444 (39,311)133 0.0
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains, definite1,450 (1,165)285 1.0
Trademarks, licenses and domains, indefinite11,628 — 11,628 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,209 $(89,707)$13,502 
Schedule of Intangible Assets, Future Amortization Expense
The expected future amortization expense of these intangible assets as of December 31, 2024 is as follows, by fiscal year (in thousands):

2025 (remaining six months)$120 
2026149 
202715 
2028— 
2029 and thereafter— 
Total amortization expense$284 
Schedule of Other Assets Other assets consisted of the following (in thousands):
December 31, 2024June 30, 2024
Processing reserves$92,550 $55,754 
Risk sharing asset44,969 33,884 
Equity securities, at cost41,927 37,806 
Prepaid expenses33,381 28,799 
Prepaid payroll taxes for stock-based compensation23,219 21,395 
Fixed term deposit22,028 35,203 
Foreign deferred tax asset17,881 21,206 
Operating lease right-of-use assets17,472 21,863 
Other receivables13,164 18,263 
Derivative instruments7,676 17,207 
Other assets10,690 7,960 
Total other assets$324,957 $299,340 
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following (in thousands):

December 31, 2024June 30, 2024
Accrued expenses$74,200 $59,613 
Operating lease liability32,033 39,493 
Collateral held for derivative instruments8,174 17,643 
Other liabilities41,161 30,680 
Total accrued expenses and other liabilities$155,568 $147,429