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Stockholders' Equity
 9 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Stock Based Compensation
Stock-based compensation by award type (in thousands):
Three Months Ended
March 31,		Nine Months Ended
March 31,
Unrecognized
compensation
Weighted-average
recognition
period (in years)
2025202420252024
Restricted stock units (RSUs)$58,646 $53,450 $170,461 $165,806 $499,410 3.0
Stock options420 2,223 2,442 8,714 997 0.5
Performance-based awards3,385 3,276 7,404 12,592 18,163 2.2
Employee stock purchase plan1,766 2,158 4,771 6,387 3,080 0.6
Market-based RSUs1,906 216 7,512 2,702 15,454 1.8
Total stock-based compensation$66,123 $61,323 $192,590 $196,201 $537,104 
Stock-based compensation was included in the following line items in the accompanying condensed consolidated statements of operations and condensed consolidated balance sheets (in thousands):
Three Months Ended
March 31,		Nine Months Ended
March 31,
2025202420252024
Revenue - subscription and transaction fees$562 $446 $1,697 $1,303 
Cost of revenue - service costs2,414 2,190 7,147 7,124 
Research and development27,362 25,183 80,265 78,708 
Sales and marketing9,507 10,968 30,781 37,643 
General and administrative22,384 20,382 62,881 61,684 
Restructuring— 220 — 3,574 
Total amount charged to operating loss62,229 59,389 182,771 190,036 
Property and equipment (capitalized internal-use software)3,894 1,934 9,819 6,165 
Total stock-based compensation$66,123 $61,323 $192,590 $196,201 
Share Repurchase Program
In August 2024, the Company's board of directors approved a new share repurchase program, pursuant to which the Company announced its intention to purchase up to $300.0 million of its outstanding shares of common stock (the August 2024 Share Repurchase Program). Under the August 2024 Share Repurchase Program, the Company may repurchase shares from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans. The timing and total amount of stock repurchases will depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations. The August 2024 Share Repurchase Program has no mandated end date, may be suspended, discontinued or modified at any time, and does not obligate the Company to acquire any amount of common stock.
The Company repurchased and subsequently retired 3,711,246 shares for $201.3 million under the August 2024 Share Repurchase Program, including the immaterial amount of accrued excise tax, during the nine months ended March 31, 2025. The total price of the shares repurchased and related transaction costs are reflected as a reduction of common stock and an increase to accumulated deficit on the Company's condensed
consolidated balance sheets. As of March 31, 2025, approximately $100.0 million remained available for future share repurchases under the August 2024 Share Repurchase Program.
In addition, in December 2024, the Company's board of directors approved the repurchase of up to an additional $200.0 million of its outstanding shares of common stock in connection with the issuance of the 2030 Notes. The Company repurchased 2,260,397 shares of its common stock for $201.4 million, which included an immaterial amount of accrued excise tax, in privately negotiated transactions concurrently with the pricing of, and using proceeds from, the issuance of the 2030 Notes.