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Fair Value Measurement (Tables) | 9 Months Ended
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Mar. 31, 2025
Fair Value Disclosures [Abstract] |
Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis | The following table summarizes the fair values of the financial assets and liabilities, determined using quoted market prices of identical assets or market prices of similar assets from active markets as of the dates presented (in thousands):
|  |  | Fair Value at
| Pricing Category |  | March 31, 2025 |  | June 30, 2024
Assets |  |  |  |  |
Cash equivalents: |  |  |  |  |
Money market funds | Level 1 |  | $ | 310,977 |  | $ | 522,618
Corporate bonds | Level 2 |  | 90,006 |  | —
U.S. treasury securities | Level 2 |  | 35,936 |  | —
Short-term investments: |  |  |  |  |
Corporate bonds | Level 2 |  | 767,570 |  | 298,202
U.S. treasury securities | Level 2 |  | 228,667 |  | 180,983
Asset-backed securities | Level 2 |  | 114,425 |  | 59,363
Certificates of deposit | Level 2 |  | 14,687 |  | 38,370
U.S. agency securities | Level 2 |  | — |  | 24,617
Funds held for customers: |  |  |  |  |
Restricted cash equivalents: |  |  |  |  |
Money market funds | Level 1 |  | 1,530,908 |  | 1,319,609
Corporate bonds | Level 2 |  | 20,168 |  | 89,082
Short-term investments: |  |  |  |  |
Corporate bonds | Level 2 |  | 480,288 |  | 937,198
U.S. treasury securities | Level 2 |  | 801,951 |  | 342,041
Certificates of deposit | Level 2 |  | 151,331 |  | 119,616
Asset-backed securities | Level 2 |  | 187,984 |  | 116,475
Municipal bonds | Level 2 |  | 6,033 |  | —
Liabilities (1) |  |  |  |  |
0% 2025 Notes | Level 2 |  | 32,250 |  | 154,933
0% 2027 Notes | Level 2 |  | 111,873 |  | 489,112
0% 2030 Notes | Level 2 |  | $ | 1,142,036 |  | $ | —
(1) These liabilities are carried at par value, less the unamortized issuance costs in the accompanying condensed consolidated balance sheets.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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