Fair Value Measurement (Tables)

3 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule 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	September 30, 2025		June 30, 2025
Assets
Cash equivalents:
Money market funds	Level 1	$	367,960	$	365,456
Corporate bonds	Level 2	75,233		69,956
Certificates of deposit	Level 2	—		2,216
Short-term investments:
Corporate bonds	Level 2	711,643		758,333
U.S. treasury securities	Level 2	347,939		287,559
Asset-backed securities	Level 2	130,297		118,236
Certificates of deposit	Level 2	25,460		15,982
Funds held for customers:
Restricted cash equivalents:
Money market funds	Level 1	1,755,709		1,642,494
Corporate bonds	Level 2	—		18,929
Short-term investments:
Corporate bonds	Level 2	498,565		486,362
U.S. treasury securities	Level 2	892,084		868,705
Certificates of deposit	Level 2	94,136		99,138
Asset-backed securities	Level 2	148,582		167,970
Municipal bonds	Level 2	15,409		6,592
Liabilities (1)
0% 2025 Notes	Level 2	33,154		32,567
0% 2027 Notes	Level 2	114,751		112,738
0% 2030 Notes	Level 2	$	1,248,786	$	1,185,128

(1) These liabilities are carried at par value, less the unamortized issuance costs in the accompanying condensed consolidated balance sheets.