Derivative Financial Instruments (Tables)

3 Months Ended

Dec. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table shows our derivative instruments measured at gross fair value as reflected in the Consolidated Balance Sheets:

(in thousands)	Fair Value of Derivatives Designated As Hedging Instruments				Fair Value of Derivatives Not Designated As Hedging Instruments
	December 31, 2025		September 30, 2025		December 31, 2025		September 30, 2025
Derivative assets(1):
Forward contracts	$	834	$	2,871	$	2,053	$	3,136
Option contracts	$	—	$	—	$	5,898	$	6,228
Derivative liabilities(2):
Forward contracts	$	13	$	—	$	1,853	$	4,773

(1)As of December 31, 2025 and September 30, 2025, current derivative assets are recorded in Other current assets in the Consolidated Balance Sheets.

(2)As of December 31, 2025 and September 30, 2025, current derivative liabilities are recorded in Accrued expenses and other current liabilities in the Consolidated Balance Sheets.

Schedule of Notional Amounts of Outstanding Forward and Options Contracts

As of December 31, 2025 and September 30, 2025, we had outstanding forward and option contracts not designated as hedging instruments with notional amounts equivalent to the following:

Currency Hedged (in thousands)	December 31, 2025		September 30, 2025
Euro / U.S. Dollar(1)	$	1,034,390	$	1,202,830
British Pound / U.S. Dollar		16,219		22,974
Israeli Shekel / U.S. Dollar		17,366		20,094
Indian Rupee / U.S. Dollar		80,943		53,465
Japanese Yen / U.S. Dollar(2)		96,794		131,284
Swiss Franc / U.S. Dollar		14,584		8,960
Swedish Krona / U.S. Dollar		16,427		21,568
New Taiwan Dollar / U.S. Dollar		5,777		23,098
Danish Krone / U.S. Dollar		11,890		2,556
All other		20,564		31,257
Total	$	1,314,954	$	1,518,086

(1)As of December 31, 2025, $755.1 million of the Euro to U.S. Dollar outstanding notional amount relates to forward contracts and $279.3 million relates to option contracts. As of September 30, 2025, $835.4 million of the Euro to U.S. Dollar outstanding notional amount relates to forward contracts and $367.4 million relates to option contracts.

(2)As of December 31, 2025, $31.3 million of the Japanese Yen to U.S. Dollar outstanding notional amount relates to forward contracts and $65.5 million relates to option contracts. As of September 30, 2025, $41.9 million of the Japanese Yen to U.S. Dollar outstanding notional amount relates to forward contracts and $89.4 million relates to option contracts.

As of December 31, 2025 and September 30, 2025, we had outstanding forward contracts designated as net investment hedges with notional amounts equivalent to the following:

Currency Hedged (in thousands)	December 31, 2025		September 30, 2025
Euro / U.S. Dollar	$	528,136	$	480,198
Japanese Yen / U.S. Dollar		19,496		10,260
Total	$	547,632	$	490,458

Schedule of Net Gains and Losses on Foreign Currency Exposures

The following table shows the effect of our non-designated hedges on the Consolidated Statements of Operations for the three months ended December 31, 2025 and December 31, 2024:

(in thousands)		Three months ended
	Location of Gain (Loss)	December 31, 2025		December 31, 2024
Net realized and unrealized gain, excluding the underlying foreign currency exposure being hedged	Other expense, net	$	212	$	558

The following table shows the effect of our derivative instruments designated as net investment hedges in the Consolidated Statements of Operations for the three months ended December 31, 2025 and December 31, 2024:

(in thousands)		Three months ended
	Location of Gain (Loss)	December 31, 2025			December 31, 2024
Gain (loss) recognized in Other comprehensive income (loss) ("OCI")	OCI	$	(782	)	$	33,448
Gain (loss) reclassified from OCI to earnings	n/a	$	—		$	—
Gain recognized, excluded portion	Other expense, net	$	1,931		$	1,075

Schedule of Offsetting Assets

The following table sets forth the offsetting of derivative assets as of December 31, 2025:

(in thousands)	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of December 31, 2025	Gross Amount of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Assets Presented in the Consolidated Balance Sheets		Financial Instruments			Cash Collateral Received		Net Amount
Foreign exchange contracts	$	8,785	$	—	$	8,785	$	(1,866	)	$	—	$	6,919

Schedule of Offsetting Liabilities

The following table sets forth the offsetting of derivative liabilities as of December 31, 2025:

(in thousands)	Gross Amounts Offset in the Consolidated Balance Sheets						Gross Amounts Not Offset in the Consolidated Balance Sheets
As of December 31, 2025	Gross Amount of Recognized Liabilities		Gross Amounts Offset in the Consolidated Balance Sheets		Net Amounts of Liabilities Presented in the Consolidated Balance Sheets		Financial Instruments			Cash Collateral Pledged		Net Amount
Foreign exchange contracts	$	1,866	$	—	$	1,866	$	(1,866	)	$	—	$	—