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REVENUES
 9 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Disaggregation of Revenue
We have four revenue streams: cloud services and subscriptions, customer support, license, and professional service and other. The following tables disaggregate our revenue by significant geographic area, based on the location of our direct end customer, by type of performance obligation and timing of revenue recognition for the periods indicated:
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
Total Revenues by Geography:
Americas (1)
$702,167 $719,804 $2,144,183 $2,213,904 
EMEA (2)
467,543 420,134 1,403,071 1,288,433 
Asia Pacific (3)
112,794 114,425 350,121 355,531 
Total revenues$1,282,504 $1,254,363 $3,897,375 $3,857,868 
______________________
(1)Americas consists of countries in North, Central and South America.
(2)EMEA consists of countries in Europe, the Middle East and Africa.
(3)Asia Pacific primarily consists of Australia, Japan, Singapore, India and China.
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
Total Revenues by Type of Performance Obligation:
Recurring revenues (1)
Cloud services and subscriptions revenue
$492,929 $462,614 $1,455,522 $1,381,944 
Customer support revenue
564,845 567,379 1,733,611 1,753,464 
Total recurring revenues
$1,057,774 $1,029,993 $3,189,133 $3,135,408 
License revenue (perpetual, term and subscriptions) 145,085 138,363 463,860 453,099 
Professional service and other revenue79,645 86,007 244,382 269,361 
Total revenues$1,282,504 $1,254,363 $3,897,375 $3,857,868 
______________________
(1)Recurring revenue is defined as the sum of Cloud services and subscriptions revenue and Customer support revenue.
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
Total Revenues by Timing of Revenue Recognition:
Point in time $145,085 $138,363 $463,860 $453,099 
Over time (including professional service and other revenue)1,137,4191,116,000 3,433,515 3,404,769
Total revenues$1,282,504 $1,254,363 $3,897,375 $3,857,868 
Revenue by Product Categories
We have seven product categories (previously referred to as business clouds) as part of our Information Management solutions: Content, Business Network, IT Operations Management (ITOM, also known as Observability and Service Management (OSM)), Cybersecurity (Enterprise), Cybersecurity (Small and Medium-Sized Businesses (SMB) & Consumer), Application Delivery Management (ADM, also known as DevOps), and Analytics. The following table disaggregates total revenue and total cloud services and subscription revenue by product category for the periods indicated. The Company believes this presentation is useful as it provides additional information:
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
Total Revenues by Product Categories
Content$558,434 $526,303 $1,655,233 $1,581,850 
Business Network161,769 156,623 482,250 473,322 
ITOM
104,963 105,532 331,669 339,836 
Cybersecurity (Enterprise)157,245 160,800 512,475 524,201 
Cybersecurity (SMB & Consumer)126,114 132,975 385,487 406,558 
ADM (1)
124,037 114,972 366,258 357,251 
Analytics49,942 57,158 164,003 174,850 
Total revenues by product categories
$1,282,504 $1,254,363 $3,897,375 $3,857,868 
Total Cloud Services and Subscriptions Revenue by Product Categories
Content$149,308 $122,584 $422,827 $351,500 
Business Network153,184 146,622 456,762 444,226 
ITOM
11,092 5,664 25,698 14,643 
Cybersecurity (Enterprise)17,456 20,137 56,412 62,481 
Cybersecurity (SMB & Consumer)114,834 122,265 353,492 373,347 
ADM (1)
29,406 26,569 88,506 78,382 
Analytics17,649 18,773 51,825 57,365 
Total cloud services and subscriptions revenues by product categories
$492,929 $462,614 $1,455,522 $1,381,944 
______________________
(1)ADM was previously named Application Automation.
Contract Balances
A contract asset, net of allowance for credit losses, will be recorded if we have recognized revenue but do not have an unconditional right to the related consideration from the customer. For example, this will be the case if implementation services offered in a cloud arrangement are identified as a separate performance obligation and are provided to a customer prior to us being able to bill the customer. In addition, a contract asset may arise in relation to subscription licenses if the license revenue that is recognized upfront exceeds the amount that we are able to invoice the customer at that time. Contract assets are reclassified to accounts receivable when the rights become unconditional.
The balance for our contract assets and contract liabilities (i.e. deferred revenues) for the periods indicated below were as follows:
As of March 31, 2026As of June 30, 2025
Short-term contract assets (1)
$66,891 $77,920 
Long-term contract assets (1)
49,435 49,293 
Short-term deferred revenues (2)
1,508,469 1,515,382 
Long-term deferred revenues (2)
159,858 168,757 
______________________
(1)Excludes $5.8 million of short-term contract assets and $3.8 million of long-term contract assets that have been reclassified to Assets held for sale as of March 31, 2026 related to the proposed divestiture of the Vertica business. See Note 17 “Acquisitions and Divestitures” for more details.
(2)Excludes $18.8 million of short-term deferred revenues and $4.7 million of long-term deferred revenues that have been reclassified to Liabilities held for sale as of March 31, 2026, related to the proposed divestiture of the Vertica business. See Note 17 “Acquisitions and Divestitures” for more details.
The difference in the opening and closing balances of our contract assets and deferred revenues primarily results from the timing difference between our performance and customer payments. We fulfill our obligations under a contract with a customer by transferring products and services in exchange for consideration from the customer. During the nine months ended March 31, 2026, we reclassified $96.5 million (nine months ended March 31, 2025 — $82.1 million) of contract assets to receivables
as a result of the right to the transaction consideration becoming unconditional. During the three and nine months ended March 31, 2026 and 2025, respectively, there was no significant impairment loss recognized related to contract assets.
We recognize deferred revenue when we have received consideration or an amount of consideration is due from the customer for future obligations to transfer products or services. Our deferred revenues primarily relate to cloud services and customer support agreements which have been paid for by customers prior to the performance of those services. The amount of revenue that was recognized during the nine months ended March 31, 2026 that was included in the deferred revenue balances at June 30, 2025 was $1,384 million (nine months ended March 31, 2025—$1,390 million).
Incremental Costs of Obtaining a Contract with a Customer
Incremental costs of obtaining a contract include only those costs that we incur to obtain a contract that we would not have incurred if the contract had not been obtained, such as sales commissions. The following table summarizes the changes in total capitalized costs to obtain a contract, since June 30, 2025:
Capitalized costs to obtain a contract as of June 30, 2025
$129,026 
New capitalized costs incurred51,019 
Amortization of capitalized costs(38,230)
Impact of foreign exchange rate changes57 
Reclassification to Assets held for sale (1)
(1,247)
Capitalized costs to obtain a contract as of March 31, 2026
$140,625 
______________________
(1)Adjustment to reclassify capitalized costs to obtain a contract to Assets held for sale related to the proposed divestiture of the Vertica business. See Note 17 “Acquisitions and Divestitures” for more details.
During the three and nine months ended March 31, 2026 and 2025, respectively, there was no significant impairment loss recognized related to capitalized costs to obtain a contract. See Note 7 “Prepaid Expenses and Other Assets” for additional information on incremental costs of obtaining a contract.
Remaining Performance Obligations
Remaining performance obligations (RPO) represent contracted revenue that has not yet been recognized. They include amounts recognized as deferred revenue and amounts that are contracted but will be billed and recognized as revenue in future periods.
The following table provides RPO information as of March 31, 2026:

% recognized as revenue over the following
($ in billions)As of
March 31, 2026
Within 1 year
1 to 2 years
2 to 3 years
Thereafter
Total RPO (1)
$4.5 59%
20%
12%
9%
Cloud services and subscriptions RPO
$2.6 49%
23%
15%
13%
Customer support and other RPO (2)
$1.9 75%
16%
6%
3%
______________________
(1)RPO amounts presented may be impacted by certain estimates including currency fluctuations, estimates of customers’ deployment of contracted solutions, changes in the scope or termination of contracts, among other factors, and are therefore subject to change.
(2)Customer support and other RPO is primarily comprised of obligations related to customer support revenues, and to a lesser extent license, professional services and other revenues.
The table above includes RPO related to the proposed divestiture of the Vertica business, which are reported within Liabilities held for sale. As of March 31, 2026, the total RPO above includes $42.6 million of revenue from remaining performance obligations on existing contracts related to Vertica, of which $41.0 million relates to Customer support. Approximately 64% of the total RPO related to Vertica is expected to be recognized within 1 year.