Fair Value Measurement (Tables)

12 Months Ended

Jun. 30, 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 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):

	June 30, 2022
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents:
Money market funds	$	1,424,259	$	—	$	—	$	1,424,259
Corporate bonds	—		11,430		—		11,430
	1,424,259		11,430		—		1,435,689
Short-term investments:
Corporate bonds	—		597,204		—		597,204
U.S. treasury securities	421,728		—		—		421,728
Asset-backed securities	—		51,406		—		51,406
Certificates of deposit	—		38,155		—		38,155
	421,728		686,765		—		1,108,493
Funds held for customers:
Restricted cash equivalents
Money market funds	34,703		—		—		34,703
Corporate bonds	—		133,557		—		133,557
	34,703		133,557		—		168,260
Short-term investments
Corporate bonds	—		807,685		—		807,685
Certificates of deposit	—		397,533		—		397,533
Municipal bonds	—		6,516		—		6,516
Asset-backed securities	—		69,912		—		69,912
U.S. treasury securities	3,072		—		—		3,072
	3,072		1,281,646		—		1,284,718
Beneficial interest derivative on card receivables sold	—		—		398		398
Total assets measured at fair value	$	1,883,762	$	2,113,398	$	398	$	3,997,558

	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
Short-term investments
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
	3,009		911,319		—		914,328
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