Revenue and Deferred Costs Revenue and Deferred Costs (Notes)

9 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue and Deferred Costs [Text Block]

REVENUE AND DEFERRED COSTS

Revenue Recognition

The Company generates revenue from data processing and hosting, transaction processing, software licensing and related services, professional services, and hardware sales.

Disaggregation of Revenue

The tables below present the Company's revenue disaggregated by type of revenue. Refer to Note 10, Reportable Segment Information, for disaggregated revenue by type and reportable segment. The majority of the Company’s revenue is earned domestically, with revenue from clients outside the United States comprising less than 1% of total revenue.

	Three Months Ended March 31,				Nine Months Ended March 31,
	2025		2024		2025		2024
Private and Public Cloud	$	193,244	$	174,122	$	562,643	$	506,344
Product Delivery and Services	58,287		51,638		172,228		175,490
On-Premise Support	79,261		79,257		275,627		277,380
Services and Support	330,792		305,017		1,010,498		959,214
Processing	254,295		233,545		749,418		696,417
Total Revenue	$	585,087	$	538,562	$	1,759,916	$	1,655,631

Contract Balances

The following table provides information about contract assets and contract liabilities from contracts with clients.

	March 31, 2025		June 30, 2024
Receivables, net	$	282,162	$	333,033
Contract Assets - Current	32,690		33,610
Contract Assets - Non-current	120,927		103,295
Contract Liabilities (Deferred Revenue) - Current	144,235		317,730
Contract Liabilities (Deferred Revenue) - Non-current	77,593		71,202

Contract assets primarily result from revenue being recognized when or as control of a solution or service is transferred to the client, except where invoicing is contingent upon the completion of other performance obligations or payment terms differ from the provisioning of services. The current portion of contract assets is reported within prepaid expenses and other in the condensed consolidated balance sheets, and the non-current portion is included in other non-current assets. Contract liabilities (deferred revenue) primarily relate to consideration received from clients in advance of delivery of the related goods and services to the client. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period.

The Company analyzes contract language to identify if a significant financing component does exist and would adjust the transaction price for any material effects of the time value of money if the timing of payments provides either party to the contract with a significant benefit of financing the transaction.

For the three months ended March 31, 2025, and 2024, the Company recognized revenue of $81,810 and $83,083, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods. For the nine months ended March 31, 2025, and 2024, the Company recognized revenue of $207,657 and $226,419, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.

Amounts recognized that relate to performance obligations satisfied (or partially satisfied) in prior periods were immaterial for each period presented. These adjustments are primarily the result of transaction price re-allocations due to changes in estimates of variable consideration.

Transaction Price Allocated to Remaining Performance Obligations

As of March 31, 2025, estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period totaled $7,412,480. The Company expects to recognize approximately 23% over the next 12 months, 19% in 13-24 months, and the balance thereafter.

Contract Costs

The Company incurs incremental costs to obtain a contract as well as costs to fulfill contracts with clients that are expected to be recovered. These costs consist primarily of sales commissions, which are incurred only if a contract is obtained, and client conversion or implementation-related costs. Capitalized costs are amortized based on the transfer of goods or services to which the asset relates, in line with the percentage of revenue recognized for each performance obligation to which the costs are allocated.

Capitalized costs totaled $525,273 and $503,152, at March 31, 2025, and June 30, 2024, respectively.

For the three months ended March 31, 2025, and 2024, amortization of deferred contract costs totaled $46,188 and $41,107, respectively. For the nine months ended March 31, 2025, and 2024, amortization of deferred contract costs totaled $144,734 and $133,195, respectively. There were no impairment losses in relation to capitalized costs for the periods presented.