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Equity Incentive Plans (Tables)

6 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table summarizes our stock option activity for the six months ended December 31, 2024:

						Number of Options						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value (in thousands)
Balance as of June 30, 2024						16,794,697						$	15.84					5.63
Granted						677,433						44.66
Exercised						(3,211,902)						10.73
Balance as of December 31, 2024						14,260,228						18.36						5.48
Vested and exercisable, December 31, 2024						11,263,423						$	15.29					4.68						$	516,017
Vested and exercisable, and expected to vest thereafter(1) December 31, 2024						14,142,936						$	18.16					5.45						$	607,187

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

Schedule of Restricted Stock Unit Activity

The following table summarizes our RSU activity during the six months ended December 31, 2024:

						Number of Shares						Weighted Average Grant Date Fair Value
Non-vested at June 30, 2024						18,327,420						$	27.68
Granted						11,171,205						32.95
Vested						(7,622,286)						30.09
Forfeited, expired or cancelled						(1,190,357)						27.39
Non-vested at December 31, 2024						20,685,982						$	29.65

Schedule of Components and Classification of Stock-based Compensation

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

						Three Months Ended December 31,												Six Months Ended December 31,
						2024						2023						2024						2023
General and administrative						$	57,719					$	61,939					$	120,524					$	132,123
Technology and data analytics						23,677						22,567						49,648						57,703
Sales and marketing						4,482						4,305						9,677						9,770
Processing and servicing						220						1,353						482						2,927
Total stock-based compensation in operating expenses						86,098						90,164						180,331						202,523
Capitalized into property, equipment and software, net						44,708						29,657						94,186						68,460
Total stock-based compensation						$	130,806					$	119,821					$	274,517					$	270,983

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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