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ACQUIRED INTANGIBLE ASSETS
12 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
ACQUIRED INTANGIBLE ASSETS ACQUIRED INTANGIBLE ASSETS
As of June 30, 2025
Cost
Accumulated Amortization
Net
Technology assets$1,064,400 $(441,705)$622,695 
Customer assets2,635,686 (1,281,790)1,353,896 
Total$3,700,086 $(1,723,495)$1,976,591 
As of June 30, 2024
CostAccumulated AmortizationNet
Technology assets$1,153,457 $(342,528)$810,929 
Customer assets2,762,371 (1,087,036)1,675,335 
Total$3,915,828 $(1,429,564)$2,486,264 
Where applicable, the above balances as of June 30, 2025 have been reduced to reflect the impact of intangible assets where the gross cost has become fully amortized during the year ended June 30, 2025. The impact of this resulted in reductions to the cost and accumulated amortization of technology assets and customer assets of $89.6 million and $129.8 million, respectively (year ended June 30, 2024 —$239.7 million and $321.5 million, respectively). The weighted average amortization periods for acquired technology and customer intangible assets are approximately six years and nine years, respectively.
The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:
Fiscal years ending June 30,
2026$467,153 
2027396,748 
2028379,380 
2029283,344 
2030209,344 
2031 and Thereafter
240,622 
Total$1,976,591