XML 62 R51.htm IDEA: XBRL DOCUMENT v3.22.1
Fair Value Measurement - Summary of Fair Value of Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Recurring - USD ($)
$ in Thousands
Mar. 31, 2022
Jun. 30, 2021
Assets    
Cash equivalents $ 1,253,395 $ 381,049
Short-term investments 1,143,408 655,314
Funds held for customers 1,350,527 1,000,650
Beneficial interest derivative on card receivables sold 1,786 2,252
Total assets measured at fair value 3,749,116 2,039,265
Money Market Funds    
Assets    
Cash equivalents 1,237,003 365,550
U.S. Treasury Securities    
Assets    
Short-term investments 414,825 155,674
Funds held for customers 6,074 3,009
Corporate Bonds    
Assets    
Cash equivalents 16,392 15,499
Short-term investments 660,298 466,459
Funds held for customers 763,268 516,350
Asset Backed Securities    
Assets    
Short-term investments 49,177 26,406
Funds held for customers 57,397 25,085
Certificates of Deposit    
Assets    
Short-term investments 19,108 6,775
Funds held for customers 390,144 326,927
Municipal Bonds    
Assets    
Funds held for customers 9,512 42,957
Restricted Cash Equivalents    
Assets    
Funds held for customers 124,132 86,322
Restricted Cash Equivalents | Money Market Funds    
Assets    
Funds held for customers 16,811 6,887
Restricted Cash Equivalents | Corporate Bonds    
Assets    
Funds held for customers 107,321 79,435
Level 1    
Assets    
Cash equivalents 1,237,003 365,550
Short-term investments 414,825 155,674
Funds held for customers 22,885 9,896
Total assets measured at fair value 1,674,713 531,120
Level 1 | Money Market Funds    
Assets    
Cash equivalents 1,237,003 365,550
Level 1 | U.S. Treasury Securities    
Assets    
Short-term investments 414,825 155,674
Funds held for customers 6,074 3,009
Level 1 | Restricted Cash Equivalents    
Assets    
Funds held for customers 16,811 6,887
Level 1 | Restricted Cash Equivalents | Money Market Funds    
Assets    
Funds held for customers 16,811 6,887
Level 2    
Assets    
Cash equivalents 16,392 15,499
Short-term investments 728,583 499,640
Funds held for customers 1,327,642 990,754
Total assets measured at fair value 2,072,617 1,505,893
Level 2 | Corporate Bonds    
Assets    
Cash equivalents 16,392 15,499
Short-term investments 660,298 466,459
Funds held for customers 763,268 516,350
Level 2 | Asset Backed Securities    
Assets    
Short-term investments 49,177 26,406
Funds held for customers 57,397 25,085
Level 2 | Certificates of Deposit    
Assets    
Short-term investments 19,108 6,775
Funds held for customers 390,144 326,927
Level 2 | Municipal Bonds    
Assets    
Funds held for customers 9,512 42,957
Level 2 | Restricted Cash Equivalents    
Assets    
Funds held for customers 107,321 79,435
Level 2 | Restricted Cash Equivalents | Corporate Bonds    
Assets    
Funds held for customers 107,321 79,435
Level 3    
Assets    
Beneficial interest derivative on card receivables sold 1,786 2,252
Total assets measured at fair value $ 1,786 $ 2,252