v3.25.4
Balance Sheet Components (Tables)
 6 Months Ended
Dec. 31, 2025
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, 2025June 30, 2025
Internally developed software$1,180,344 $987,399 
Leasehold improvements25,690 21,990 
Computer equipment11,178 9,555 
Furniture and equipment9,692 9,007 
Total property, equipment and software, at cost$1,226,904 $1,027,952 
Less: Accumulated depreciation and amortization(587,014)(455,315)
Total property, equipment and software, net$639,891 $572,637 
Schedule of Changes in the Carrying Amount of Goodwill
The changes in the carrying amount of goodwill during the six months ended December 31, 2025 were as follows (in thousands):

Balance as of June 30, 2025$534,156 
Adjustments (1)
(715)
Balance as of December 31, 2025$533,441 
(1)Adjustments to goodwill during the six months ended December 31, 2025 primarily pertained to foreign currency translation adjustments.
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):

December 31, 2025
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life
(in years)
Merchant relationships$37,826 $(37,826)$— 0.0
Developed technology39,431 (39,387)44 0.8
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains1,448 (1,448)— 0.0
Trademarks, licenses and domains12,225 — 12,225 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,770 $(91,151)$12,619 

June 30, 2025
GrossAccumulated AmortizationNetWeighted Average
Remaining Useful Life
(in years)
Merchant relationships$37,845 $(37,845)$— 0.0
Developed technology39,443 (39,369)74 1.3
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains1,450 (1,355)95 0.6
Trademarks, licenses and domains12,416 — 12,416 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,994 $(91,059)$12,935 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):

December 31, 2025
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life
(in years)
Merchant relationships$37,826 $(37,826)$— 0.0
Developed technology39,431 (39,387)44 0.8
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains1,448 (1,448)— 0.0
Trademarks, licenses and domains12,225 — 12,225 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,770 $(91,151)$12,619 

June 30, 2025
GrossAccumulated AmortizationNetWeighted Average
Remaining Useful Life
(in years)
Merchant relationships$37,845 $(37,845)$— 0.0
Developed technology39,443 (39,369)74 1.3
Assembled workforce12,490 (12,490)— 0.0
Trademarks and domains1,450 (1,355)95 0.6
Trademarks, licenses and domains12,416 — 12,416 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$103,994 $(91,059)$12,935 
Schedule of Other Assets Other assets consisted of the following (in thousands):
December 31, 2025June 30, 2025
Processing reserves$125,197 $90,826 
Prepaid expenses61,128 47,027 
Equity securities held at cost40,396 40,277 
Risk sharing assets38,992 43,179 
Operating lease right-of-use assets25,904 19,124 
Prepaid payroll taxes for stock-based compensation25,470 25,188 
Foreign deferred tax asset9,574 13,929 
Other assets18,325 15,810 
Total other assets$344,986 $295,360 
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following (in thousands):

December 31, 2025June 30, 2025
Accrued expenses$85,398 $72,813 
Operating lease liability42,277 31,943 
Other liabilities56,783 52,516 
Total accrued expenses and other liabilities$184,459 $157,272