Fair Value Measurement (Tables)

9 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis

The following tables set forth the fair value of assets and liabilities that were measured at fair value on a recurring basis based on the three-tier fair value hierarchy as of the dates presented (in thousands):

	March 31, 2022
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Money market funds	$	1,237,003	$	—	$	—	$	1,237,003
Corporate bonds		—		16,392		—		16,392
		1,237,003		16,392		—		1,253,395
Short-term investments:
Corporate bonds		—		660,298		—		660,298
U.S. treasury securities		414,825		—		—		414,825
Asset-backed securities		—		49,177		—		49,177
Certificates of deposit		—		19,108		—		19,108
		414,825		728,583		—		1,143,408
Funds held for customers:
Restricted cash equivalents:
Money market funds		16,811		—		—		16,811
Corporate bonds		—		107,321		—		107,321
		16,811		107,321		—		124,132
Corporate bonds		—		763,268		—		763,268
Certificates of deposit		—		390,144		—		390,144
Municipal bonds		—		9,512		—		9,512
Asset-backed securities		—		57,397		—		57,397
U.S. treasury securities		6,074		—		—		6,074
		22,885		1,327,642		—		1,350,527
Beneficial interest derivative on    card receivables sold		—		—		1,786		1,786
Total assets measured at fair value	$	1,674,713	$	2,072,617	$	1,786	$	3,749,116

	June 30, 2021
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Money market funds	$	365,550	$	—	$	—	$	365,550
Corporate bonds		—		15,499		—		15,499
		365,550		15,499		—		381,049
Short-term investments:
Corporate bonds		—		466,459		—		466,459
U.S. treasury securities		155,674		—		—		155,674
Asset-backed securities		—		26,406		—		26,406
Certificates of deposit		—		6,775		—		6,775
		155,674		499,640		—		655,314
Funds held for customers:
Restricted cash equivalents:
Money market funds		6,887		—		—		6,887
Corporate bonds		—		79,435		—		79,435
		6,887		79,435		—		86,322
Corporate bonds		—		516,350		—		516,350
Certificates of deposit		—		326,927		—		326,927
Municipal bonds		—		42,957		—		42,957
Asset-backed securities		—		25,085		—		25,085
U.S. treasury securities		3,009		—		—		3,009
		9,896		990,754		—		1,000,650
Beneficial interest derivative on    card receivables sold		—		—		2,252		2,252
Total assets measured at fair value	$	531,120	$	1,505,893	$	2,252	$	2,039,265