PREPAID EXPENSES AND OTHER ASSETS

3 Months Ended

Sep. 30, 2025

Prepaid expenses and other current assets:


	As of September 30, 2025		As of June 30, 2025
Deposits and restricted cash	$	4,666	$	2,456
Capitalized costs to obtain a contract	43,609		44,311
Short-term prepaid expenses and other current assets (1)	149,872		148,824
Derivative asset (2)	44		2,984
Total	$	198,191	$	198,575

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(1)Excludes prepaid expenses and other current assets that have been reclassified to Assets held for sale as of September 30, 2025, related to the proposed divestiture of the eDOCS business. See Note 17 “Acquisitions and Divestitures” for more details.

(2)Represents the asset related to our derivative instrument activity. See Note 15 “Derivative Instruments and Hedging Activities” for more details.

Other assets:


	As of September 30, 2025		As of June 30, 2025
Deposits and restricted cash	$	17,951	$	22,720
Capitalized costs to obtain a contract	85,382		84,715

Investments	118,489		116,704
Available-for-sale financial assets	46,175		45,074
Long-term prepaid expenses and other long-term assets	33,795		38,480
Total	$	301,792	$	307,693

Deposits and restricted cash primarily relate to security deposits provided to landlords in accordance with facility lease agreements and cash restricted per the terms of certain contractual-based agreements.

Capitalized costs to obtain a contract relate to incremental costs of obtaining a contract, such as sales commissions, which are eligible for capitalization on contracts to the extent that such costs are expected to be recovered (see Note 3 “Revenues”).

Investments relate to certain investment funds in which we are a limited partner. Our interests in each of these investees range from 4% to below 20%. These investments are accounted for using the equity method. Our share of net income or losses based on our interest in these investments, which approximates fair value and is subject to volatility based on market trends and business conditions, is recorded as a component of Other income (expense), net in our Condensed Consolidated Statements of Income (see Note 21 “Other Income (Expense), Net”). During the three months ended September 30, 2025, our share of income (loss) from these investments was $2.4 million (three months ended September 30, 2024—$0.5 million).

A portion of the available-for-sale financial assets relate to contractual arrangements under insurance policies held by the Company with guaranteed interest rates that are utilized to meet certain pension and post-retirement obligations but do not meet the definition of a plan asset. The remaining portion of available-for-sale financial assets are primarily comprised of various debt and equity funds, which are valued utilizing market quotes provided by our third-party custodian. These arrangements are treated as available-for-sale financial assets measured at fair value quarterly (see Note 14 “Fair Value Measurement”) with unrealized gains and losses recorded within Other comprehensive income (loss), net (see Note 19 “Accumulated Other Comprehensive Income (Loss)”).

Prepaid expenses and other assets, both short-term and long-term, include advance payments on licenses that are being amortized over the applicable terms of the licenses and other miscellaneous assets.