CACI INTERNATIONAL INC /DE/, 10-Q filed on 4/23/2026
Quarterly Report
v3.26.1
COVER - shares
 9 Months Ended
Mar. 31, 2026
Apr. 17, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 001-31400  
Entity Registrant Name CACI International Inc  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 54-1345888  
Entity Address, Address Line One 12021 Sunset Hills Road  
Entity Address, City or Town Reston  
Entity Address, State or Province VA  
Entity Address, Postal Zip Code 20190  
City Area Code 703  
Local Phone Number 841-7800  
Title of 12(b) Security Common Stock  
Trading Symbol CACI  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   22,091,305
Entity Central Index Key 0000016058  
Current Fiscal Year End Date --06-30  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q3  
Amendment Flag false  
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]        
Revenues $ 2,351,002 $ 2,166,982 $ 6,858,722 $ 6,323,680
Costs of revenues:        
Direct costs 1,553,169 1,434,735 4,595,374 4,251,384
Indirect costs and selling expenses 510,182 480,917 1,448,623 1,375,524
Depreciation and amortization 58,774 54,961 167,104 139,264
Total costs of revenues 2,122,125 1,970,613 6,211,101 5,766,172
Income from operations 228,877 196,369 647,621 557,508
Interest expense and other, net 52,267 45,117 143,390 113,153
Income before income taxes 176,610 151,252 504,231 444,355
Income taxes 46,217 39,392 125,173 102,380
Net income $ 130,393 $ 111,860 $ 379,058 $ 341,975
Basic earnings per share (in dollars per share) $ 5.90 $ 5.02 $ 17.19 $ 15.31
Diluted earnings per share (in dollars per share) $ 5.88 $ 5.00 $ 17.11 $ 15.21
Weighted average basic shares outstanding (in shares) 22,087 22,279 22,054 22,332
Weighted average diluted shares outstanding (in shares) 22,165 22,383 22,158 22,485
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]        
Net income $ 130,393 $ 111,860 $ 379,058 $ 341,975
Other comprehensive (loss) income:        
Foreign currency translation adjustment (6,500) 9,671 (11,725) 4,235
Change in fair value of interest rate swap agreements, net of tax 1,196 (5,889) (1,879) (15,103)
Total other comprehensive (loss) income, net of tax (5,304) 3,782 (13,604) (10,868)
Comprehensive income $ 125,089 $ 115,642 $ 365,454 $ 331,107
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 157,996 $ 106,181
Accounts receivable, net 1,506,780 1,405,441
Prepaid expenses and other current assets 378,023 268,323
Total current assets 2,042,799 1,779,945
Goodwill 6,466,549 5,021,805
Intangible assets, net 2,163,214 1,091,276
Property, plant, and equipment, net 340,824 212,035
Operating lease right-of-use assets 389,041 343,944
Supplemental retirement savings plan assets 102,978 101,024
Other assets 97,442 97,569
Total assets 11,602,847 8,647,598
Current liabilities:    
Current portion of long-term debt 46,750 68,750
Accounts payable 359,322 381,574
Accrued compensation and benefits 291,536 282,987
Other accrued expenses and current liabilities 569,145 474,795
Total current liabilities 1,266,753 1,208,106
Long-term debt, net of current portion 5,133,827 2,849,190
Supplemental retirement savings plan obligations, net of current portion 117,531 114,261
Deferred income taxes 306,319 142,636
Operating lease liabilities 435,417 377,080
Other liabilities 62,890 62,380
Total liabilities 7,322,737 4,753,653
COMMITMENTS AND CONTINGENCIES (NOTE 9)
Shareholders’ equity:    
Preferred stock $0.10 par value, 10,000 shares authorized, no shares issued or outstanding 0 0
Common stock $0.10 par value, 80,000 shares authorized; 43,266 shares issued and 22,091 outstanding at March 31, 2026 and 43,168 shares issued and 21,992 outstanding at June 30, 2025 4,326 4,316
Additional paid-in capital 673,027 652,327
Retained earnings 5,239,428 4,860,370
Accumulated other comprehensive loss (20,482) (6,878)
Treasury stock, at cost (21,175 and 21,175 shares, respectively) (1,616,189) (1,616,190)
Total shareholders’ equity 4,280,110 3,893,945
Total liabilities and shareholders’ equity $ 11,602,847 $ 8,647,598
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Mar. 31, 2026
Jun. 30, 2025
Statement of Financial Position [Abstract]    
Preferred stock, par value (in dollars per share) $ 0.10 $ 0.10
Preferred stock, shares authorized (in shares) 10,000,000 10,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, shares authorized (in shares) 80,000,000 80,000,000
Common stock, shares issued (in shares) 43,266,000 43,168,000
Common stock, shares outstanding (in shares) 22,091,000 21,992,000
Treasury stock, shares at cost (in shares) 21,175,000 21,175,000
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 379,058 $ 341,975
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 167,104 139,264
Amortization of deferred financing costs 3,826 2,134
Stock-based compensation expense 53,361 44,108
Deferred income taxes 72,121 (7,813)
Changes in operating assets and liabilities, net of effect of business acquisitions:    
Accounts receivable, net 10,137 (90,185)
Prepaid expenses and other assets (61,343) 359
Accounts payable and other accrued expenses (90,256) (3,759)
Accrued compensation and benefits (2,912) (44,238)
Income taxes (28,083) 6,685
Operating lease liabilities, net 4,986 389
Long-term liabilities 445 2,108
Net cash provided by operating activities 508,444 391,027
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (59,876) (37,640)
Acquisitions of businesses, net of cash acquired (2,625,424) (1,642,075)
Other 158 2,410
Net cash used in investing activities (2,685,142) (1,677,305)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from borrowings 5,069,751 5,833,500
Principal payments on borrowings (2,781,486) (4,257,835)
Deferred financing costs (21,752) (9,803)
Proceeds from employee stock purchase plans 10,523 9,668
Repurchases of common stock (12,714) (163,998)
Payment of taxes for equity transactions (31,231) (37,058)
Other (2,772) 0
Net cash provided by financing activities 2,230,319 1,374,474
Effect of exchange rate changes on cash and cash equivalents (1,806) 1,740
Net change in cash and cash equivalents 51,815 89,936
Cash and cash equivalents, beginning of period 106,181 133,961
Cash and cash equivalents, end of period 157,996 223,897
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid during the period for income taxes, net of refunds 78,868 91,774
Cash paid during the period for interest 136,541 94,541
Non-cash financing and investing activities:    
Accrued capital expenditures (245) 3,099
Landlord sponsored tenant incentives $ 7,385 $ 6,870
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (in shares)   43,042        
Beginning balance at Jun. 30, 2024 $ 3,518,207 $ 4,304 $ 631,191 $ 4,360,540 $ (12,522) $ (1,465,306)
Beginning balance (in shares) at Jun. 30, 2024           20,740
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 341,975     341,975    
Stock-based compensation expense 44,108   44,108      
Tax withholdings on restricted share vestings (in shares)   123        
Tax withholdings on restricted share vestings (37,359) $ 12 (37,371)      
Other comprehensive (loss) income, net of tax (10,868)       (10,868)  
Repurchases of common stock (161,330)   (764)     $ (160,566)
Repurchases of common stock (in shares)           459
Treasury stock issued under stock purchase plans 9,713   43     $ 9,670
Treasury stock issued under stock purchase plans (in shares)           (24)
Ending balance (in shares) at Mar. 31, 2025   43,165        
Ending balance at Mar. 31, 2025 3,704,446 $ 4,316 637,207 4,702,515 (23,390) $ (1,616,202)
Ending balance (in shares) at Mar. 31, 2025           21,175
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (in shares)   43,159        
Beginning balance at Dec. 31, 2024 3,728,373 $ 4,316 625,878 4,590,655 (27,172) $ (1,465,304)
Beginning balance (in shares) at Dec. 31, 2024           20,739
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 111,860     111,860    
Stock-based compensation expense 12,765   12,765      
Tax withholdings on restricted share vestings (in shares)   6        
Tax withholdings on restricted share vestings (1,043)   (1,043)      
Other comprehensive (loss) income, net of tax 3,782       3,782  
Repurchases of common stock (154,544)   (393)     $ (154,151)
Repurchases of common stock (in shares)           444
Treasury stock issued under stock purchase plans 3,253         $ 3,253
Treasury stock issued under stock purchase plans (in shares)           (8)
Ending balance (in shares) at Mar. 31, 2025   43,165        
Ending balance at Mar. 31, 2025 3,704,446 $ 4,316 637,207 4,702,515 (23,390) $ (1,616,202)
Ending balance (in shares) at Mar. 31, 2025           21,175
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (in shares)   43,165        
Beginning balance (in shares)   43,168        
Beginning balance at Jun. 30, 2025 $ 3,893,945 $ 4,316 652,327 4,860,370 (6,878) $ (1,616,190)
Beginning balance (in shares) at Jun. 30, 2025 21,175         21,175
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income $ 379,058     379,058    
Stock-based compensation expense 53,361   53,361      
Tax withholdings on restricted share vestings (in shares)   98        
Tax withholdings on restricted share vestings (31,396) $ 10 (31,406)      
Other comprehensive (loss) income, net of tax (13,604)       (13,604)  
Repurchases of common stock (11,828)   (1,305)     $ (10,523)
Repurchases of common stock (in shares)           22
Treasury stock issued under stock purchase plans 10,574   50     $ 10,524
Treasury stock issued under stock purchase plans (in shares)           (22)
Ending balance (in shares) at Mar. 31, 2026   43,266        
Ending balance at Mar. 31, 2026 $ 4,280,110 $ 4,326 673,027 5,239,428 (20,482) $ (1,616,189)
Ending balance (in shares) at Mar. 31, 2026 21,175         21,175
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (in shares)   43,259        
Beginning balance at Dec. 31, 2025 $ 4,137,768 $ 4,325 655,775 5,109,035 (15,178) $ (1,616,189)
Beginning balance (in shares) at Dec. 31, 2025           21,175
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 130,393     130,393    
Stock-based compensation expense 19,556   19,556      
Tax withholdings on restricted share vestings (in shares)   7        
Tax withholdings on restricted share vestings (1,727) $ 1 (1,728)      
Other comprehensive (loss) income, net of tax (5,304)       (5,304)  
Repurchases of common stock (3,702)   (579)     $ (3,123)
Repurchases of common stock (in shares)           6
Treasury stock issued under stock purchase plans 3,126   3     $ 3,123
Treasury stock issued under stock purchase plans (in shares)           (6)
Ending balance (in shares) at Mar. 31, 2026   43,266        
Ending balance at Mar. 31, 2026 $ 4,280,110 $ 4,326 $ 673,027 $ 5,239,428 $ (20,482) $ (1,616,189)
Ending balance (in shares) at Mar. 31, 2026 21,175         21,175
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Beginning balance (in shares)   43,266        
v3.26.1
Nature of Operations and Basis of Presentation
 9 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Operations and Basis of Presentation Nature of Operations and Basis of Presentation
CACI International Inc (collectively, with its consolidated subsidiaries, “CACI,” the “Company,” “we,” “us,” and “our”) is a leading provider of Expertise and Technology to customers in support of national security in the intelligence, defense, and federal civilian sectors, both domestically and internationally. The Company’s customers include agencies and departments of the United States (U.S.) government, various state and local government agencies, foreign governments, and commercial enterprises.
The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and include the assets, liabilities, results of operations, comprehensive income and cash flows of the Company, including its subsidiaries and joint ventures that are majority-owned or otherwise controlled by the Company. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. All intercompany balances and transactions have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to the current year presentation.
In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments and reclassifications (consisting of a normal, recurring nature) necessary for the fair presentation of the periods presented. It is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s latest annual report to the SEC on Form 10-K for the year ended June 30, 2025. The results of operations for the three and nine months ended March 31, 2026 are not necessarily indicative of the results to be expected for any subsequent interim period or for the full fiscal year.
v3.26.1
Recent Accounting Pronouncements
 9 Months Ended
Mar. 31, 2026
Accounting Standards Update and Change in Accounting Principle [Abstract]  
Recent Accounting Pronouncements Recent Accounting Pronouncements
In September 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which amends certain aspects of the accounting for and disclosure of software costs under ASC 350-40. The ASU will be effective beginning with our fiscal 2029 annual financial statements, including interim reporting periods within that year, and may be adopted prospectively or retrospectively. We are currently evaluating the impacts of the new standard.
v3.26.1
Acquisitions
 9 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
ARKA Group L.P.
On March 9, 2026, CACI acquired all of the equity interests of ARKA Group L.P. (ARKA) for purchase consideration of approximately $2,642.7 million, net of cash acquired, subject to post closing adjustments. This acquisition will enhance CACI’s ability to deliver advanced technology for its national security customers in the space domain. The Company funded the acquisition from increased borrowings and cash on hand.
The purchase price was allocated, on a preliminary basis, among assets acquired and liabilities assumed at fair value on the acquisition date, based on the best available information, with the excess purchase price recorded as goodwill. As of March 31, 2026, the Company has not finalized the determination of fair values allocated to various assets and liabilities, and the purchase price allocation is subject to change as the Company continues to obtain and assess relevant information that existed as of the acquisition date. The preliminary allocation of the total estimated purchase consideration is as follows (in thousands):
Accounts receivable, net$115,075 
Prepaid expenses and other current assets27,047 
Goodwill1,441,948 
Intangible assets, net1,180,000 
Property, plant, and equipment, net124,373 
Operating lease right-of-use assets24,846 
Other assets637 
Accounts payable(15,129)
Accrued compensation and benefits(11,923)
Other accrued expenses and current liabilities(135,382)
Deferred income taxes(88,867)
Operating lease liabilities(19,959)
Total estimated consideration$2,642,666 
The preliminary fair value attributed to intangible assets of $1,180.0 million consists of customer relationships of $890.0 million and technology of $290.0 million. The fair value attributed to intangible assets is amortized over 2 to 14 years. The fair value attributed to the intangible assets acquired was based on assumptions and other information compiled by management, including independent valuations that utilized established valuation techniques. Goodwill reflects benefits that are not separately identifiable from net tangible and intangible assets acquired, including new customers and platforms, technologies, and the assembled workforce. Of the value attributed to goodwill and intangible assets, approximately $1,335.8 million is deductible for income tax purposes.
The Company entered into a commitment letter (the Commitment Letter), dated December 19, 2025, with Wells Fargo Bank, National Association (Wells Fargo), for a senior secured bridge loan facility in an aggregate principal amount of up to $1,300.0 million. The Commitment Letter remained undrawn and was terminated on March 9, 2026 upon consummation of the acquisition. Commitment fees incurred for the three and nine months ended March 31, 2026 were $3.3 million.
Datalynx Limited
On February 17, 2026, CACI Limited acquired Datalynx Limited (Datalynx) for $10.7 million, net of cash acquired, which includes initial cash payments, deferred consideration and an estimated working capital payment. Datalynx provides specialist data and cloud migration services in mission-critical environments to government clients. The Company preliminarily recognized goodwill and intangible assets of $11.0 million and $3.5 million, respectively.
For the nine months ended March 31, 2026, combined post-acquisition revenues and net loss for ARKA and Datalynx were $28.5 million and $0.4 million, respectively, including the impact of $5.8 million of intangible amortization. Pro forma results of operations for these acquisitions are not material to the Company’s consolidated results of operations. Total acquisition-related costs of $22.1 million were reported in indirect costs and selling expenses.
Azure Summit Technology
On October 30, 2024, CACI acquired all of the equity interests of Azure Summit Technology, LLC (Azure Summit) for purchase consideration of approximately $1,308.7 million, net of cash acquired. During Fiscal 2026, the Company recorded measurement period adjustments that resulted in a net increase to goodwill of $1.5 million. The final allocation of the purchase consideration is as follows (in thousands):
Accounts receivable, net$70,544 
Prepaid expenses and other current assets26,541 
Goodwill582,907 
Intangible assets, net635,000 
Property, plant, and equipment, net16,349 
Operating lease right-of-use assets9,607 
Other assets211 
Accounts payable(16,207)
Accrued compensation and benefits(3,860)
Other accrued expenses and current liabilities(4,292)
Operating lease liabilities(8,062)
Total consideration$1,308,738 
Applied Insight
On October 1, 2024, CACI acquired all of the equity interests of AI Corporate Holdings, Inc. and Applied Insight Holdings, LLC for purchase consideration of approximately $314.3 million, net of cash acquired.
Identity E2E
On April 3, 2025, CACI Limited acquired all of the equity interests of Identity E2E Limited for purchase consideration of $58.9 million, net of cash acquired.
v3.26.1
Goodwill and Intangible Assets
 9 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The changes in the carrying amount of goodwill for the nine months ended March 31, 2026 are as follows (in thousands):
Domestic International Total
Balance at June 30, 2025$4,773,411 $248,394 $5,021,805 
Goodwill acquired (1)
1,443,499 9,975 1,453,474 
Foreign currency translation800 (9,530)(8,730)
Balance at March 31, 2026$6,217,710 $248,839 $6,466,549 
__________________________________________________
(1)Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable.
There were no impairments of goodwill during the period.
Intangible Assets
Intangible assets, net consisted of the following (in thousands):
March 31, 2026June 30, 2025
Gross carrying valueAccumulated
amortization 		Net carrying
value		Gross carrying
value		Accumulated
amortization 		Net carrying
value
Customer contracts and related customer relationships$1,954,972 $(505,289)$1,449,683 $1,062,718 $(432,520)$630,198 
Acquired technologies878,223 (164,692)713,531 646,823 (185,745)461,078 
Total intangible assets$2,833,195 $(669,981)$2,163,214 $1,709,541 $(618,265)$1,091,276 
Amortization expense related to intangible assets was $41.0 million and $113.0 million for the three and nine months ended March 31, 2026, respectively, and $36.8 million and $87.2 million for the three and nine months ended March 31, 2025, respectively.
v3.26.1
Revenues and Contract Balances
 9 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenues and Contract Balances Revenues and Contract Balances
Disaggregation of Revenues
The Company disaggregates revenues by contract type, customer type, prime or subcontractor, and whether the solution provided is primarily Expertise or Technology. These categories represent how the nature, amount, timing, and uncertainty of revenues and cash flows are affected.
Disaggregated revenues by contract type were as follows (in thousands):
Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
DomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$1,273,227 $— $1,273,227 $3,965,968 $— $3,965,968 
Fixed-price703,042 46,866 749,908 1,822,855 136,563 1,959,418 
Time-and-materials297,426 30,441 327,867 839,899 93,437 933,336 
Total$2,273,695 $77,307 $2,351,002 $6,628,722 $230,000 $6,858,722 
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$1,316,805 $— $1,316,805 $3,837,028 $— $3,837,028 
Fixed-price533,735 39,729 573,464 1,537,759 113,820 1,651,579 
Time-and-materials254,580 22,133 276,713 765,810 69,263 835,073 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Disaggregated revenues by customer type were as follows (in thousands):
Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
DomesticInternationalTotalDomesticInternationalTotal
Department of Defense$1,295,628 $— $1,295,628 $3,627,406 $— $3,627,406 
Intelligence Community582,235 — 582,235 1,717,704 — 1,717,704 
Federal civilian agencies373,582 — 373,582 1,223,944 — 1,223,944 
Commercial and other22,250 77,307 99,557 59,668 230,000 289,668 
Total$2,273,695 $77,307 $2,351,002 $6,628,722 $230,000 $6,858,722 
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Department of Defense$1,180,820 $— $1,180,820 $3,387,095 $— $3,387,095 
Intelligence Community552,796 — 552,796 1,614,883 — 1,614,883 
Federal civilian agencies350,044 — 350,044 1,068,005 — 1,068,005 
Commercial and other21,460 61,862 83,322 70,614 183,083 253,697 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Disaggregated revenues by prime or subcontractor were as follows (in thousands):
Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
DomesticInternationalTotalDomesticInternationalTotal
Prime contractor$2,057,271 $67,807 $2,125,078 $6,006,308 $205,238 $6,211,546 
Subcontractor216,424 9,500 225,924 622,414 24,762 647,176 
Total$2,273,695 $77,307 $2,351,002 $6,628,722 $230,000 $6,858,722 
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Prime contractor$1,900,648 $55,105 $1,955,753 $5,535,517 $162,753 $5,698,270 
Subcontractor204,472 6,757 211,229 605,080 20,330 625,410 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Disaggregated revenues by Expertise or Technology were as follows (in thousands):
Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
DomesticInternationalTotalDomesticInternationalTotal
Expertise$971,645 $52,083 $1,023,728 $2,784,290 $150,530 $2,934,820 
Technology1,302,050 25,224 1,327,274 3,844,432 79,470 3,923,902 
Total$2,273,695 $77,307 $2,351,002 $6,628,722 $230,000 $6,858,722 
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Expertise$941,805 $31,232 $973,037 $2,794,191 $93,011 $2,887,202 
Technology1,163,315 30,630 1,193,945 3,346,406 90,072 3,436,478 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Changes in Estimates
The aggregate net changes in estimates for the three and nine months ended March 31, 2026 resulted in a decrease to income before income taxes of $4.3 million ($0.14 per diluted share) and an increase of $2.4 million ($0.08 per diluted share), respectively. For the three and nine months ended March 31, 2025, the aggregate net changes in estimates resulted in an increase to income before income taxes of $3.4 million ($0.11 per diluted share) and $11.1 million ($0.37 per diluted share), respectively. The Company uses its statutory tax rate when calculating the impact to diluted earnings per share.
Revenues recognized from previously satisfied performance obligations were not material for the three and nine months ended March 31, 2026 and March 31, 2025, respectively. The change in revenues recognized from previously satisfied performance obligations generally relates to final true-up adjustments for estimated award or incentive fees in the period in which the customer’s final performance score was received or when it can be determined that more objective, contractually-defined criteria have been fully satisfied.
Remaining Performance Obligations
As of March 31, 2026, the Company had $12.3 billion of remaining performance obligations and expects to recognize approximately 45% and 63% as revenue over the next 12 and 24 months, respectively, with the remainder to be recognized thereafter.
Contract Balances
Contract balances consisted of the following (in thousands):
Description of Contract Related BalanceFinancial Statement ClassificationMarch 31, 2026June 30, 2025
Billed and billable receivablesAccounts receivable, net$1,156,880 $1,098,237 
Contract assets – current unbilled receivablesAccounts receivable, net349,900 307,204 
Contract assets – current costs to obtainPrepaid expenses and other current assets7,300 7,059 
Contract assets – noncurrent unbilled receivablesOther assets17,198 14,694 
Contract assets – noncurrent costs to obtainOther assets14,242 13,897 
Contract liabilities – current deferred revenue and other contract liabilitiesOther accrued expenses and current liabilities(289,341)(190,400)
Contract liabilities – noncurrent deferred revenue and other contract liabilitiesOther liabilities(3,202)(6,014)
Revenue recognized from amounts included in the contract liability balance at the beginning of the period was $26.3 million and $157.8 million for the three and nine months ended March 31, 2026, respectively. Such revenue was $18.3 million and $111.8 million for the three and nine months ended March 31, 2025, respectively.
v3.26.1
Inventories
 9 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories, net consisted of the following (in thousands):
March 31, 2026June 30, 2025
Raw materials$133,912 $87,348 
Work in process32,853 21,285 
Finished goods15,361 20,496 
Total$182,126 $129,129 
Inventories, net are included in prepaid expenses and other current assets on the condensed consolidated balance sheets.
v3.26.1
Sales of Receivables
 9 Months Ended
Mar. 31, 2026
Transfers and Servicing of Financial Assets [Abstract]  
Sales of Receivables Sales of Receivables
On December 19, 2025, the Company amended its Master Accounts Receivable Purchase Agreement (MARPA) with MUFG Bank, Ltd. (Purchaser) for the sale of certain designated eligible U.S. government receivables. The amendment extended the term of the MARPA to December 18, 2026. Under the MARPA, the Company can sell eligible receivables, including certain billed and unbilled receivables up to a maximum amount of $350.0 million. The Company’s receivables are sold under the MARPA without recourse for any U.S. government credit risk.
The Company accounts for receivable transfers under the MARPA as sales under ASC 860, Transfers and Servicing, and derecognizes the sold receivables from its consolidated balance sheets. The fair value of the sold receivables approximated their book value due to their short-term nature.
The Company does not retain an ongoing financial interest in the transferred receivables other than cash collection and administrative services. The Company estimated that its servicing fee was at fair value, and therefore, no servicing asset or liability related to these receivables was recognized as of March 31, 2026. Proceeds from the sold receivables are reflected within operating activities on the condensed consolidated statements of cash flows.
MARPA activity consisted of the following (in thousands):
As of and for the
Nine Months Ended March 31,
20262025
Beginning balance:$288,909 $250,000 
Sales of receivables2,841,139 2,814,912 
Cash collections(2,895,121)(2,764,912)
Outstanding balance sold to Purchaser (1)
234,927 300,000 
Cash collected, not remitted to Purchaser (2)
(29,104)(79,150)
Remaining sold receivables$205,823 $220,850 
__________________________________________________
(1)For the nine months ended March 31, 2026 and 2025, the Company recorded a net cash outflow of $54.0 million and a net cash inflow of $50.0 million from operating activities, respectively, from sold receivables.
(2)This balance is included in other accrued expenses and current liabilities as of the balance sheet date.
v3.26.1
Long-term Debt
 9 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Long-term Debt Long-term Debt
Long-term debt consisted of the following at the periods presented below (dollars in thousands):
As of March 31, 2026June 30, 2025
Maturity DateStated Interest RateEffective Interest RateOutstanding BalanceOutstanding Balance
Revolving FacilityNovember 20305.32%5.32%$928,000 $124,500 
Term LoanNovember 20304.92%4.98%1,242,188 1,071,875 
Term Loan BOctober 20315.42%5.65%740,625 746,250 
Term Loan B-2March 20335.42%5.62%800,000 — 
2033 NotesJune 20336.38%6.58%1,000,000 1,000,000 
2033 Notes-2June 20336.38%6.08%500,000 — 
Principal amount of long-term debt5,210,813 2,942,625 
Less unamortized debt discount, premium, and issuance costs(30,236)(24,685)
Total long-term debt5,180,577 2,917,940 
Less current portion(46,750)(68,750)
Long-term debt, net of current portion$5,133,827 $2,849,190 
On November 25, 2025, the Company amended its senior secured credit facility (the Credit Facility) primarily to extend the maturity date. As amended, the Company’s $3,250.0 million credit facility consists of a $2,000.0 million revolving credit facility (the Revolving Facility) and a $1,250.0 million term loan (the Term Loan). The Revolving Facility permits renewable borrowings and has sub-facilities of $150.0 million for same-day swing line loan borrowings and $25.0 million for stand-by letters of credit. The interest rates applicable to loans under the Credit Facility are floating interest rates that, at the Company’s option, equal a base rate or a Secured Overnight Financing Rate (SOFR) rate plus, in each case, an applicable margin based upon the Company’s consolidated total net leverage ratio. A majority of our assets serve as collateral under the Credit Facility. The Company pays a quarterly facility fee for the unused portion of the Revolving Facility. The Term Loan is a five-year term loan under which principal payments are due in quarterly installments of $7.8 million through December 31, 2027 and $15.6 million thereafter until the balance is due in full at maturity. As of March 31, 2026, the Company had $928.0 million outstanding under the Revolving Facility and no borrowings on the swing line and stand-by letters of credit.
On March 9, 2026, to provide additional financial flexibility in connection with the ARKA acquisition, the Company amended the Term Loan B to provide for an additional tranche of senior secured term loan (the Term Loan B-2) in an aggregate principal amount of $800.0 million. The interest rate applicable to the Term Loan B-2 is a floating interest rate that, at the Company’s option, equals a base rate or a term SOFR rate plus an applicable margin. The obligations under the Term Loan B-2 are secured by the Company, in each case, subject to customary exceptions that are identical to the guarantees and collateral in respect of the Term Loan B. The Term Loan B-2 is subject to the same customary negative covenants as the Term Loan B. The Term Loan B-2 is a seven-year term loan under which principal payments are due in quarterly installments of $2.0 million from June 2026 until the balance is due in full at maturity. The Company deferred $9.1 million of debt issuance costs related to the Term Loan B-2 financing, which are amortized to interest expense over the life of the Term Loan B-2 using the effective interest method.
On March 12, 2026, the Company issued an additional $500.0 million of its senior unsecured notes (the 2033 Notes‑2), which form part of the same series as the Company’s 6.375% fixed‑rate senior unsecured notes (the 2033 Notes) originally issued in June 2025 and maturing in June 2033. The Company issued the 2033 Notes-2 at a premium and received $516.5 million in net proceeds, which were used to repay outstanding borrowings under the Revolving Facility. Interest is payable semi-annually, and principal is due in full at maturity, with the first interest payment for the 2033 Notes-2 commencing on June 15, 2026. The terms and subordination of the 2033 Notes-2 are the same as the 2033 Notes. All premiums and debt issuance costs are amortized using the effective interest rate over the life of the loan.
The aggregate maturities of long-term debt as of March 31, 2026 are as follows (dollars in thousands):
Fiscal Year Ending June 30,
2026$11,688 
202746,750 
202862,375 
202978,000 
203078,000 
Thereafter4,934,000 
Principal amount of long-term debt$5,210,813 
As of March 31, 2026, the Company was in compliance with all of its financial covenants related to all long-term debt.
Cash Flow Hedges
The Company periodically uses derivative financial instruments as part of a strategy to manage exposure to market risks associated with interest rate fluctuations. The Company has entered into several floating-to-fixed interest rate swap agreements for a total notional amount of $900.0 million, which hedge a portion of the Company’s floating rate indebtedness. Under these agreements, the Company pays a fixed rate and receives SOFR. The counterparties to all swap agreements are financial institutions.
The Company has designated the swaps as cash flow hedges, which are recorded on the consolidated balance sheets at fair value. Unrealized gains are recognized as assets while unrealized losses are recognized as liabilities. Unrealized gains and losses on derivatives designated as cash flow hedges are reported in other comprehensive income (loss) and reclassified to earnings to interest expense in a manner that matches the timing of the earnings impact of the hedged transactions.
The effect of cash flow hedges on the condensed consolidated statements of operations and comprehensive income for the three and nine months ended March 31, 2026 and 2025 is as follows (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
Gain (loss) recognized in other comprehensive income before reclassifications$2,711 $(2,399)$4,938 $(1,057)
Amounts reclassified to earnings from accumulated other comprehensive loss(1,515)(3,490)(6,817)(14,046)
Other comprehensive income (loss), net of tax$1,196 $(5,889)$(1,879)$(15,103)
v3.26.1
Legal Proceedings and Other Commitments and Contingencies
 9 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Legal Proceedings and Other Commitments and Contingencies Legal Proceedings and Other Commitments and Contingencies
Legal Proceedings
The Company is involved in various claims, lawsuits, and administrative proceedings arising in the normal course of business, none of which, based on current information, are expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows.
On November 12, 2024, a jury reached a $42 million judgment against the Company in an ongoing civil suit alleging that the Company’s employees had conspired with the U.S. military, which led to acts of wrongdoing committed by the U.S. military against the plaintiffs. On November 25, 2024, the Company filed a motion for dismissal as a matter of law, enumerating numerous grounds. On January 10, 2025, the motion was denied, and the Company filed a notice of appeal to the U.S. Court of Appeals. The Court of Appeals established a briefing schedule, which concluded on July 25, 2025. The Court of Appeals heard oral argument on September 9, 2025. On March 12, 2026, the Court of Appeals, in a 2-1 decision, affirmed the judgment of the district court against CACI. The Company will file a petition for rehearing or rehearing en banc and asking the Court of Appeals to stay action on that petition pending the Supreme Court’s expected decision in Cisco Systems, Inc. v. Doe, No. 24-856. The Company is vigorously defending the proceedings and continues to believe that the plaintiffs’ position is completely without merit. No amounts have been recognized in our condensed consolidated financial statements.
Government Contracting
Payments to the Company on cost-plus-fee and time-and-materials contracts are subject to adjustment upon audit by the Defense Contract Audit Agency (DCAA) and other government agencies that do not utilize DCAA’s services. The DCAA has completed audits of the Company’s annual incurred cost proposals through fiscal year 2024. The Company is still negotiating the results of prior years’ audits with the respective cognizant contracting officers and believes its reserves for such are adequate. Adjustments that may result from these audits and the audits not yet started are not expected to have a material effect on the Company’s financial position, results of operations, or cash flows. Additionally, the DCAA continually reviews the cost accounting and other practices of government contractors, including the Company. In the course of those reviews, cost accounting and other issues may be identified, discussed, and settled.
v3.26.1
Earnings Per Share
 9 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Earnings per share and the weighted average number of diluted shares are computed as follows (in thousands, except per share data):
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
Net income$130,393 $111,860 $379,058 $341,975 
Weighted average number of basic shares outstanding22,087 22,279 22,054 22,332 
Dilutive effect of equity awards78 104 104 153 
Weighted average number of diluted shares outstanding22,165 22,383 22,158 22,485 
Basic earnings per share$5.90 $5.02 $17.19 $15.31 
Diluted earnings per share$5.88 $5.00 $17.11 $15.21 
Share Repurchases
No shares were repurchased during the three and nine months ended March 31, 2026. During the third quarter of fiscal 2025, CACI repurchased 0.4 million shares of its outstanding common stock for $150.0 million on the open market at an average share price of $344.35 under the 2023 Repurchase Program. As of March 31, 2026, the total remaining authorization for future common share repurchases under the 2023 Repurchase Program was $187.3 million.
v3.26.1
Income Taxes
 9 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Company’s effective income tax rates were 26.2% and 24.8% for the three and nine months ended March 31, 2026, respectively, and 26.0% and 23.0% for the three and nine months ended March 31, 2025, respectively. The effective tax rates for the three and nine months ended March 31, 2026 and 2025 differ from the statutory rate of 21.0% primarily due to state income taxes offset by research and development tax credits.
The Company is subject to income taxes in the U.S. and various foreign jurisdictions. Tax statutes and regulations within each jurisdiction are subject to interpretation and require the application of significant judgment. The Company is currently under examination for fiscal 2019 and 2020 in one state jurisdiction and fiscal 2022 and 2023 in another state. The Company does not expect the resolution of either state examination to have a material impact on its condensed consolidated financial statements.
v3.26.1
Business Segments
 9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company reports operating results and financial data in two segments: Domestic Operations and International Operations. Domestic Operations provide Expertise and Technology primarily to U.S. federal government agencies. International Operations provide Expertise and Technology primarily to international government and commercial customers.
Segment information for the periods presented is as follows (in thousands):
Three Months Ended March 31,
20262025
DomesticInternationalTotalDomesticInternationalTotal
Revenues$2,273,695 $77,307 $2,351,002 $2,105,120 $61,862 $2,166,982 
Direct costs1,519,189 33,980 1,553,169 1,408,562 26,173 1,434,735 
Indirect costs and selling expenses480,520 29,662 510,182 456,671 24,246 480,917 
Depreciation and amortization57,279 1,495 58,774 54,017 944 54,961 
Income from operations216,707 12,170 228,877 185,870 10,499 196,369 
Capital expenditures25,307 1,511 26,818 16,113 127 16,240 
Nine Months Ended March 31,
20262025
DomesticInternationalTotalDomesticInternationalTotal
Revenues$6,628,722 $230,000 $6,858,722 $6,140,597 $183,083 $6,323,680 
Direct costs4,495,963 99,411 4,595,374 4,175,065 76,319 4,251,384 
Indirect costs and selling expenses1,360,771 87,852 1,448,623 1,312,666 62,858 1,375,524 
Depreciation and amortization162,910 4,194 167,104 136,321 2,943 139,264 
Income from operations609,078 38,543 647,621 516,545 40,963 557,508 
Capital expenditures55,031 4,845 59,876 36,443 1,197 37,640 
Asset information by segment is not a key measure of performance.
v3.26.1
Fair Value Measurements
 9 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
ASC 820, Fair Value Measurements, establishes a framework for measuring fair value and categorizes the inputs used in measuring fair value as follows: observable inputs such as quoted prices in active markets (Level 1); inputs other than quoted prices in active markets that are observable, either directly or indirectly, or quoted prices that are not active (Level 2); and unobservable inputs that have little or no market data which requires development of assumptions that market participants would use in pricing the asset or liability (Level 3).
The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, and amounts included in other current assets and current liabilities that meet the definition of a financial instrument approximate fair value because of the short-term nature of these amounts.
The financial instruments measured at fair value on a recurring basis consist of the following (in thousands):
Description of Financial Instrument Financial Statement ClassificationFair Value
Hierarchy		March 31, 2026June 30, 2025
Interest rate swap agreementsPrepaid expenses and other current assetsLevel 2$1,648 $220 
Interest rate swap agreementsOther assetsLevel 24,715 9,839 
Interest rate swap agreementsOther liabilitiesLevel 2(321)(1,503)
Contingent considerationOther accrued expenses and current liabilitiesLevel 3(3,294)(3,678)
Contingent considerationOther liabilitiesLevel 3(8,238)(10,017)
The outstanding principal amount of the Company’s debt approximates its fair value at March 31, 2026. The fair value of the Company’s debt was estimated using Level 2 inputs based on market data on companies with a corporate rating similar to the Company’s that have recently priced credit facilities.
The Company uses interest rate swap agreements to manage its interest rate risk. The valuation of these instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves.
The Company recognizes contingent consideration liabilities in connection with certain acquisitions, representing potential earnout payments and other contingent payments. The fair values of these liabilities are determined using a valuation model, which includes an assessment of the most likely outcome, assumptions related to projected earnings of the acquired company, and the application of a discount rate, when applicable. Fair value of contingent consideration is reassessed quarterly, including an analysis of the significant inputs used in the evaluation, as well as the accretion of the discount. The fair value of contingent consideration decreased $1.1 million and $8.6 million for the nine months ended March 31, 2026 and 2025, respectively. Changes in the fair value of contingent consideration are reflected within indirect costs and selling expenses.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Nature of Operations and Basis of Presentation (Policies)
 9 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Nature of Operations and Basis of Presentation Nature of Operations and Basis of Presentation
CACI International Inc (collectively, with its consolidated subsidiaries, “CACI,” the “Company,” “we,” “us,” and “our”) is a leading provider of Expertise and Technology to customers in support of national security in the intelligence, defense, and federal civilian sectors, both domestically and internationally. The Company’s customers include agencies and departments of the United States (U.S.) government, various state and local government agencies, foreign governments, and commercial enterprises.
The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and include the assets, liabilities, results of operations, comprehensive income and cash flows of the Company, including its subsidiaries and joint ventures that are majority-owned or otherwise controlled by the Company. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. All intercompany balances and transactions have been eliminated in consolidation. Certain prior year amounts have been reclassified to conform to the current year presentation.
In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments and reclassifications (consisting of a normal, recurring nature) necessary for the fair presentation of the periods presented. It is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s latest annual report to the SEC on Form 10-K for the year ended June 30, 2025. The results of operations for the three and nine months ended March 31, 2026 are not necessarily indicative of the results to be expected for any subsequent interim period or for the full fiscal year.
Recent Accounting Pronouncements Recent Accounting Pronouncements
In September 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which amends certain aspects of the accounting for and disclosure of software costs under ASC 350-40. The ASU will be effective beginning with our fiscal 2029 annual financial statements, including interim reporting periods within that year, and may be adopted prospectively or retrospectively. We are currently evaluating the impacts of the new standard.
v3.26.1
Acquisitions (Tables)
 9 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Allocation of the Total Estimated Purchase Consideration The preliminary allocation of the total estimated purchase consideration is as follows (in thousands):
Accounts receivable, net$115,075 
Prepaid expenses and other current assets27,047 
Goodwill1,441,948 
Intangible assets, net1,180,000 
Property, plant, and equipment, net124,373 
Operating lease right-of-use assets24,846 
Other assets637 
Accounts payable(15,129)
Accrued compensation and benefits(11,923)
Other accrued expenses and current liabilities(135,382)
Deferred income taxes(88,867)
Operating lease liabilities(19,959)
Total estimated consideration$2,642,666 
The final allocation of the purchase consideration is as follows (in thousands):
Accounts receivable, net$70,544 
Prepaid expenses and other current assets26,541 
Goodwill582,907 
Intangible assets, net635,000 
Property, plant, and equipment, net16,349 
Operating lease right-of-use assets9,607 
Other assets211 
Accounts payable(16,207)
Accrued compensation and benefits(3,860)
Other accrued expenses and current liabilities(4,292)
Operating lease liabilities(8,062)
Total consideration$1,308,738 
v3.26.1
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Reportable Segment
The changes in the carrying amount of goodwill for the nine months ended March 31, 2026 are as follows (in thousands):
Domestic International Total
Balance at June 30, 2025$4,773,411 $248,394 $5,021,805 
Goodwill acquired (1)
1,443,499 9,975 1,453,474 
Foreign currency translation800 (9,530)(8,730)
Balance at March 31, 2026$6,217,710 $248,839 $6,466,549 
__________________________________________________
(1)Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable.
Schedule of Intangible Assets
Intangible assets, net consisted of the following (in thousands):
March 31, 2026June 30, 2025
Gross carrying valueAccumulated
amortization 		Net carrying
value		Gross carrying
value		Accumulated
amortization 		Net carrying
value
Customer contracts and related customer relationships$1,954,972 $(505,289)$1,449,683 $1,062,718 $(432,520)$630,198 
Acquired technologies878,223 (164,692)713,531 646,823 (185,745)461,078 
Total intangible assets$2,833,195 $(669,981)$2,163,214 $1,709,541 $(618,265)$1,091,276 
v3.26.1
Revenues and Contract Balances (Tables)
 9 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregated Revenues
Disaggregated revenues by contract type were as follows (in thousands):
Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
DomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$1,273,227 $— $1,273,227 $3,965,968 $— $3,965,968 
Fixed-price703,042 46,866 749,908 1,822,855 136,563 1,959,418 
Time-and-materials297,426 30,441 327,867 839,899 93,437 933,336 
Total$2,273,695 $77,307 $2,351,002 $6,628,722 $230,000 $6,858,722 
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$1,316,805 $— $1,316,805 $3,837,028 $— $3,837,028 
Fixed-price533,735 39,729 573,464 1,537,759 113,820 1,651,579 
Time-and-materials254,580 22,133 276,713 765,810 69,263 835,073 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Disaggregated revenues by customer type were as follows (in thousands):
Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
DomesticInternationalTotalDomesticInternationalTotal
Department of Defense$1,295,628 $— $1,295,628 $3,627,406 $— $3,627,406 
Intelligence Community582,235 — 582,235 1,717,704 — 1,717,704 
Federal civilian agencies373,582 — 373,582 1,223,944 — 1,223,944 
Commercial and other22,250 77,307 99,557 59,668 230,000 289,668 
Total$2,273,695 $77,307 $2,351,002 $6,628,722 $230,000 $6,858,722 
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Department of Defense$1,180,820 $— $1,180,820 $3,387,095 $— $3,387,095 
Intelligence Community552,796 — 552,796 1,614,883 — 1,614,883 
Federal civilian agencies350,044 — 350,044 1,068,005 — 1,068,005 
Commercial and other21,460 61,862 83,322 70,614 183,083 253,697 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Disaggregated revenues by prime or subcontractor were as follows (in thousands):
Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
DomesticInternationalTotalDomesticInternationalTotal
Prime contractor$2,057,271 $67,807 $2,125,078 $6,006,308 $205,238 $6,211,546 
Subcontractor216,424 9,500 225,924 622,414 24,762 647,176 
Total$2,273,695 $77,307 $2,351,002 $6,628,722 $230,000 $6,858,722 
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Prime contractor$1,900,648 $55,105 $1,955,753 $5,535,517 $162,753 $5,698,270 
Subcontractor204,472 6,757 211,229 605,080 20,330 625,410 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Disaggregated revenues by Expertise or Technology were as follows (in thousands):
Three Months Ended March 31, 2026Nine Months Ended March 31, 2026
DomesticInternationalTotalDomesticInternationalTotal
Expertise$971,645 $52,083 $1,023,728 $2,784,290 $150,530 $2,934,820 
Technology1,302,050 25,224 1,327,274 3,844,432 79,470 3,923,902 
Total$2,273,695 $77,307 $2,351,002 $6,628,722 $230,000 $6,858,722 
Three Months Ended March 31, 2025Nine Months Ended March 31, 2025
DomesticInternationalTotalDomesticInternationalTotal
Expertise$941,805 $31,232 $973,037 $2,794,191 $93,011 $2,887,202 
Technology1,163,315 30,630 1,193,945 3,346,406 90,072 3,436,478 
Total$2,105,120 $61,862 $2,166,982 $6,140,597 $183,083 $6,323,680 
Schedule of Contract Assets and Liabilities
Contract balances consisted of the following (in thousands):
Description of Contract Related BalanceFinancial Statement ClassificationMarch 31, 2026June 30, 2025
Billed and billable receivablesAccounts receivable, net$1,156,880 $1,098,237 
Contract assets – current unbilled receivablesAccounts receivable, net349,900 307,204 
Contract assets – current costs to obtainPrepaid expenses and other current assets7,300 7,059 
Contract assets – noncurrent unbilled receivablesOther assets17,198 14,694 
Contract assets – noncurrent costs to obtainOther assets14,242 13,897 
Contract liabilities – current deferred revenue and other contract liabilitiesOther accrued expenses and current liabilities(289,341)(190,400)
Contract liabilities – noncurrent deferred revenue and other contract liabilitiesOther liabilities(3,202)(6,014)
v3.26.1
Inventories (Tables)
 9 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Schedule of Components of Inventories
Inventories, net consisted of the following (in thousands):
March 31, 2026June 30, 2025
Raw materials$133,912 $87,348 
Work in process32,853 21,285 
Finished goods15,361 20,496 
Total$182,126 $129,129 
v3.26.1
Sales of Receivables (Tables)
 9 Months Ended
Mar. 31, 2026
Transfers and Servicing of Financial Assets [Abstract]  
Schedule of MARPA Activity
MARPA activity consisted of the following (in thousands):
As of and for the
Nine Months Ended March 31,
20262025
Beginning balance:$288,909 $250,000 
Sales of receivables2,841,139 2,814,912 
Cash collections(2,895,121)(2,764,912)
Outstanding balance sold to Purchaser (1)
234,927 300,000 
Cash collected, not remitted to Purchaser (2)
(29,104)(79,150)
Remaining sold receivables$205,823 $220,850 
__________________________________________________
(1)For the nine months ended March 31, 2026 and 2025, the Company recorded a net cash outflow of $54.0 million and a net cash inflow of $50.0 million from operating activities, respectively, from sold receivables.
(2)This balance is included in other accrued expenses and current liabilities as of the balance sheet date.
v3.26.1
Long-term Debt (Tables)
 9 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following at the periods presented below (dollars in thousands):
As of March 31, 2026June 30, 2025
Maturity DateStated Interest RateEffective Interest RateOutstanding BalanceOutstanding Balance
Revolving FacilityNovember 20305.32%5.32%$928,000 $124,500 
Term LoanNovember 20304.92%4.98%1,242,188 1,071,875 
Term Loan BOctober 20315.42%5.65%740,625 746,250 
Term Loan B-2March 20335.42%5.62%800,000 — 
2033 NotesJune 20336.38%6.58%1,000,000 1,000,000 
2033 Notes-2June 20336.38%6.08%500,000 — 
Principal amount of long-term debt5,210,813 2,942,625 
Less unamortized debt discount, premium, and issuance costs(30,236)(24,685)
Total long-term debt5,180,577 2,917,940 
Less current portion(46,750)(68,750)
Long-term debt, net of current portion$5,133,827 $2,849,190 
Schedule of Maturities of Long-Term Debt
The aggregate maturities of long-term debt as of March 31, 2026 are as follows (dollars in thousands):
Fiscal Year Ending June 30,
2026$11,688 
202746,750 
202862,375 
202978,000 
203078,000 
Thereafter4,934,000 
Principal amount of long-term debt$5,210,813 
Schedule of Cash Flow Hedges
The effect of cash flow hedges on the condensed consolidated statements of operations and comprehensive income for the three and nine months ended March 31, 2026 and 2025 is as follows (in thousands):
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
Gain (loss) recognized in other comprehensive income before reclassifications$2,711 $(2,399)$4,938 $(1,057)
Amounts reclassified to earnings from accumulated other comprehensive loss(1,515)(3,490)(6,817)(14,046)
Other comprehensive income (loss), net of tax$1,196 $(5,889)$(1,879)$(15,103)
v3.26.1
Earnings Per Share (Tables)
 9 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share and the weighted average number of diluted shares are computed as follows (in thousands, except per share data):
Three Months Ended March 31,Nine Months Ended March 31,
2026202520262025
Net income$130,393 $111,860 $379,058 $341,975 
Weighted average number of basic shares outstanding22,087 22,279 22,054 22,332 
Dilutive effect of equity awards78 104 104 153 
Weighted average number of diluted shares outstanding22,165 22,383 22,158 22,485 
Basic earnings per share$5.90 $5.02 $17.19 $15.31 
Diluted earnings per share$5.88 $5.00 $17.11 $15.21 
v3.26.1
Business Segments (Tables)
 9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Summarized Financial Information of Reportable Segments
Segment information for the periods presented is as follows (in thousands):
Three Months Ended March 31,
20262025
DomesticInternationalTotalDomesticInternationalTotal
Revenues$2,273,695 $77,307 $2,351,002 $2,105,120 $61,862 $2,166,982 
Direct costs1,519,189 33,980 1,553,169 1,408,562 26,173 1,434,735 
Indirect costs and selling expenses480,520 29,662 510,182 456,671 24,246 480,917 
Depreciation and amortization57,279 1,495 58,774 54,017 944 54,961 
Income from operations216,707 12,170 228,877 185,870 10,499 196,369 
Capital expenditures25,307 1,511 26,818 16,113 127 16,240 
Nine Months Ended March 31,
20262025
DomesticInternationalTotalDomesticInternationalTotal
Revenues$6,628,722 $230,000 $6,858,722 $6,140,597 $183,083 $6,323,680 
Direct costs4,495,963 99,411 4,595,374 4,175,065 76,319 4,251,384 
Indirect costs and selling expenses1,360,771 87,852 1,448,623 1,312,666 62,858 1,375,524 
Depreciation and amortization162,910 4,194 167,104 136,321 2,943 139,264 
Income from operations609,078 38,543 647,621 516,545 40,963 557,508 
Capital expenditures55,031 4,845 59,876 36,443 1,197 37,640 
v3.26.1
Fair Value Measurements (Tables)
 9 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Recurring Fair Value Measurements
The financial instruments measured at fair value on a recurring basis consist of the following (in thousands):
Description of Financial Instrument Financial Statement ClassificationFair Value
Hierarchy		March 31, 2026June 30, 2025
Interest rate swap agreementsPrepaid expenses and other current assetsLevel 2$1,648 $220 
Interest rate swap agreementsOther assetsLevel 24,715 9,839 
Interest rate swap agreementsOther liabilitiesLevel 2(321)(1,503)
Contingent considerationOther accrued expenses and current liabilitiesLevel 3(3,294)(3,678)
Contingent considerationOther liabilitiesLevel 3(8,238)(10,017)
v3.26.1
Acquisitions - Narrative (Details) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 09, 2026
Feb. 17, 2026
Apr. 03, 2025
Oct. 30, 2024
Oct. 01, 2024
Mar. 31, 2026
Mar. 31, 2025
Jun. 30, 2025
Business Combination [Line Items]                
Payments to acquire businesses           $ 2,625,424 $ 1,642,075  
Goodwill acquired           1,453,474    
Accumulated amortization           669,981   $ 618,265
Acquired technologies                
Business Combination [Line Items]                
Accumulated amortization           164,692   $ 185,745
ARKA Group L.P                
Business Combination [Line Items]                
Payments to acquire businesses $ 2,642,700              
Intangible assets, net 1,180,000              
Tax-deductible amount of goodwill $ 1,335,800              
Commitment letter amount to be available           1,300,000    
Business combination, restructuring liability           3,300    
ARKA Group L.P | Minimum                
Business Combination [Line Items]                
Acquired finite-lived intangible assets, weighted average useful life (in years) 2 years              
ARKA Group L.P | Maximum                
Business Combination [Line Items]                
Acquired finite-lived intangible assets, weighted average useful life (in years) 14 years              
ARKA Group L.P | Customer relationships                
Business Combination [Line Items]                
Intangible assets, net $ 890,000              
ARKA Group L.P | Acquired technologies                
Business Combination [Line Items]                
Intangible assets, net $ 290,000              
Datalynx Limited                
Business Combination [Line Items]                
Payments to acquire businesses   $ 10,700            
Intangible assets, net   3,500            
Goodwill acquired   $ 11,000            
Azure Summit Technology, Inc                
Business Combination [Line Items]                
Payments to acquire businesses       $ 1,308,700        
Intangible assets, net       $ 635,000        
Goodwill acquired           1,500    
Applied Insight Corporate Holdings, Inc                
Business Combination [Line Items]                
Payments to acquire businesses         $ 314,300      
Identity E2E Limited                
Business Combination [Line Items]                
Payments to acquire businesses     $ 58,900          
Datalynx and ARKA                
Business Combination [Line Items]                
Business combination, revenues recognized           28,500    
Business combination, net income           400    
Accumulated amortization           5,800    
Business combination, acquisition related cost           $ 22,100    
v3.26.1
Acquisitions - Schedule of Acquisitions - Preliminary Allocation of the Total Estimated Purchase Consideration (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 09, 2026
Jun. 30, 2025
Oct. 30, 2024
Business Combination [Line Items]        
Goodwill $ 6,466,549   $ 5,021,805  
ARKA Group L.P        
Business Combination [Line Items]        
Accounts receivable, net   $ 115,075    
Prepaid expenses and other current assets   27,047    
Goodwill   1,441,948    
Intangible assets, net   1,180,000    
Property, plant, and equipment, net   124,373    
Operating lease right-of-use assets   24,846    
Other assets   637    
Accounts payable   (15,129)    
Accrued compensation and benefits   (11,923)    
Other accrued expenses and current liabilities   (135,382)    
Deferred income taxes   (88,867)    
Operating lease liabilities   (19,959)    
Total consideration   $ 2,642,666    
Azure Summit Technology, Inc        
Business Combination [Line Items]        
Accounts receivable, net       $ 70,544
Prepaid expenses and other current assets       26,541
Goodwill       582,907
Intangible assets, net       635,000
Property, plant, and equipment, net       16,349
Operating lease right-of-use assets       9,607
Other assets       211
Accounts payable       (16,207)
Accrued compensation and benefits       (3,860)
Other accrued expenses and current liabilities       (4,292)
Operating lease liabilities       (8,062)
Total consideration       $ 1,308,738
v3.26.1
Goodwill and Intangible Assets - Schedule of Goodwill by Reportable Segment (Details)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
USD ($)
Goodwill [Roll Forward]  
Beginning balance $ 5,021,805
Goodwill acquired 1,453,474
Foreign currency translation (8,730)
Ending balance 6,466,549
Domestic  
Goodwill [Roll Forward]  
Beginning balance 4,773,411
Goodwill acquired 1,443,499
Foreign currency translation 800
Ending balance 6,217,710
International  
Goodwill [Roll Forward]  
Beginning balance 248,394
Goodwill acquired 9,975
Foreign currency translation (9,530)
Ending balance $ 248,839
v3.26.1
Goodwill and Intangible Assets - Schedule of Intangible Assets Net (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Finite Lived Intangible Assets [Line Items]    
Gross carrying value $ 2,833,195 $ 1,709,541
Accumulated amortization (669,981) (618,265)
Net carrying value 2,163,214 1,091,276
Customer contracts and related customer relationships    
Finite Lived Intangible Assets [Line Items]    
Gross carrying value 1,954,972 1,062,718
Accumulated amortization (505,289) (432,520)
Net carrying value 1,449,683 630,198
Acquired technologies    
Finite Lived Intangible Assets [Line Items]    
Gross carrying value 878,223 646,823
Accumulated amortization (164,692) (185,745)
Net carrying value $ 713,531 $ 461,078
v3.26.1
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]        
Amortization expense $ 41.0 $ 36.8 $ 113.0 $ 87.2
v3.26.1
Revenues and Contract Balances - Disaggregation of Revenues (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Disaggregation Of Revenue [Line Items]        
Revenues $ 2,351,002 $ 2,166,982 $ 6,858,722 $ 6,323,680
Expertise        
Disaggregation Of Revenue [Line Items]        
Revenues 1,023,728 973,037 2,934,820 2,887,202
Technology        
Disaggregation Of Revenue [Line Items]        
Revenues 1,327,274 1,193,945 3,923,902 3,436,478
Prime contractor        
Disaggregation Of Revenue [Line Items]        
Revenues 2,125,078 1,955,753 6,211,546 5,698,270
Subcontractor        
Disaggregation Of Revenue [Line Items]        
Revenues 225,924 211,229 647,176 625,410
Department of Defense        
Disaggregation Of Revenue [Line Items]        
Revenues 1,295,628 1,180,820 3,627,406 3,387,095
Intelligence Community        
Disaggregation Of Revenue [Line Items]        
Revenues 582,235 552,796 1,717,704 1,614,883
Federal civilian agencies        
Disaggregation Of Revenue [Line Items]        
Revenues 373,582 350,044 1,223,944 1,068,005
Commercial and other        
Disaggregation Of Revenue [Line Items]        
Revenues 99,557 83,322 289,668 253,697
Cost-plus-fee        
Disaggregation Of Revenue [Line Items]        
Revenues 1,273,227 1,316,805 3,965,968 3,837,028
Fixed-price        
Disaggregation Of Revenue [Line Items]        
Revenues 749,908 573,464 1,959,418 1,651,579
Time-and-materials        
Disaggregation Of Revenue [Line Items]        
Revenues 327,867 276,713 933,336 835,073
Domestic        
Disaggregation Of Revenue [Line Items]        
Revenues 2,273,695 2,105,120 6,628,722 6,140,597
Domestic | Expertise        
Disaggregation Of Revenue [Line Items]        
Revenues 971,645 941,805 2,784,290 2,794,191
Domestic | Technology        
Disaggregation Of Revenue [Line Items]        
Revenues 1,302,050 1,163,315 3,844,432 3,346,406
Domestic | Prime contractor        
Disaggregation Of Revenue [Line Items]        
Revenues 2,057,271 1,900,648 6,006,308 5,535,517
Domestic | Subcontractor        
Disaggregation Of Revenue [Line Items]        
Revenues 216,424 204,472 622,414 605,080
Domestic | Department of Defense        
Disaggregation Of Revenue [Line Items]        
Revenues 1,295,628 1,180,820 3,627,406 3,387,095
Domestic | Intelligence Community        
Disaggregation Of Revenue [Line Items]        
Revenues 582,235 552,796 1,717,704 1,614,883
Domestic | Federal civilian agencies        
Disaggregation Of Revenue [Line Items]        
Revenues 373,582 350,044 1,223,944 1,068,005
Domestic | Commercial and other        
Disaggregation Of Revenue [Line Items]        
Revenues 22,250 21,460 59,668 70,614
Domestic | Cost-plus-fee        
Disaggregation Of Revenue [Line Items]        
Revenues 1,273,227 1,316,805 3,965,968 3,837,028
Domestic | Fixed-price        
Disaggregation Of Revenue [Line Items]        
Revenues 703,042 533,735 1,822,855 1,537,759
Domestic | Time-and-materials        
Disaggregation Of Revenue [Line Items]        
Revenues 297,426 254,580 839,899 765,810
International        
Disaggregation Of Revenue [Line Items]        
Revenues 77,307 61,862 230,000 183,083
International | Expertise        
Disaggregation Of Revenue [Line Items]        
Revenues 52,083 31,232 150,530 93,011
International | Technology        
Disaggregation Of Revenue [Line Items]        
Revenues 25,224 30,630 79,470 90,072
International | Prime contractor        
Disaggregation Of Revenue [Line Items]        
Revenues 67,807 55,105 205,238 162,753
International | Subcontractor        
Disaggregation Of Revenue [Line Items]        
Revenues 9,500 6,757 24,762 20,330
International | Department of Defense        
Disaggregation Of Revenue [Line Items]        
Revenues 0 0 0 0
International | Intelligence Community        
Disaggregation Of Revenue [Line Items]        
Revenues 0 0 0 0
International | Federal civilian agencies        
Disaggregation Of Revenue [Line Items]        
Revenues 0 0 0 0
International | Commercial and other        
Disaggregation Of Revenue [Line Items]        
Revenues 77,307 61,862 230,000 183,083
International | Cost-plus-fee        
Disaggregation Of Revenue [Line Items]        
Revenues 0 0 0 0
International | Fixed-price        
Disaggregation Of Revenue [Line Items]        
Revenues 46,866 39,729 136,563 113,820
International | Time-and-materials        
Disaggregation Of Revenue [Line Items]        
Revenues $ 30,441 $ 22,133 $ 93,437 $ 69,263
v3.26.1
Revenues and Contract Balances - Narrative (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Change In Accounting Estimate [Line Items]        
Income before income taxes $ 176,610 $ 151,252 $ 504,231 $ 444,355
Diluted earnings per share (in dollars per share) $ 5.88 $ 5.00 $ 17.11 $ 15.21
EAC Adjustments        
Change In Accounting Estimate [Line Items]        
Income before income taxes $ (4,300) $ 3,400 $ 2,400 $ 11,100
Diluted earnings per share (in dollars per share) $ (0.14) $ 0.11 $ 0.08 $ 0.37
v3.26.1
Revenues and Contract Balances - Remaining Performance Obligations (Details)
$ in Billions
Mar. 31, 2026
USD ($)
Remaining Performance Obligations [Line Items]  
Remaining performance obligations $ 12.3
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-04-01  
Remaining Performance Obligations [Line Items]  
Remaining performance obligations, expected satisfaction, percentage 45.00%
Remaining performance obligations, expected satisfaction, percentage, periods one and two 63.00%
Remaining performance obligations, expected timing of satisfaction 12 months
Remaining performance obligations, expected timing of satisfaction, periods one and two 24 months
v3.26.1
Revenues and Contract Balances - Schedule of Contract Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Contract with Customer, Asset and Liability [Abstract]    
Billed and billable receivables $ 1,156,880 $ 1,098,237
Contract assets – current unbilled receivables 349,900 307,204
Contract assets – current costs to obtain 7,300 7,059
Contract assets – noncurrent unbilled receivables 17,198 14,694
Contract assets – noncurrent costs to obtain 14,242 13,897
Contract liabilities – current deferred revenue and other contract liabilities (289,341) (190,400)
Contract liabilities – noncurrent deferred revenue and other contract liabilities $ (3,202) $ (6,014)
v3.26.1
Revenues and Contract Balances - Change in Contract with Customer Liability (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]        
Liability, revenue recognized $ 26.3 $ 18.3 $ 157.8 $ 111.8
v3.26.1
Inventories (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Inventory Disclosure [Abstract]    
Raw materials $ 133,912 $ 87,348
Work in process 32,853 21,285
Finished goods 15,361 20,496
Total $ 182,126 $ 129,129
v3.26.1
Sales of Receivables - Narrative (Details)
$ in Millions
Dec. 19, 2025
USD ($)
Transfers and Servicing of Financial Assets [Abstract]  
MARPA maximum commitment $ 350.0
v3.26.1
Sales of Receivables - Schedule of MARPA Activity (Details) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Transfer of Financial Assets Accounted for as Sales, Amount [Roll Forward]    
Beginning balance $ 288,909 $ 250,000
Sales of receivables 2,841,139 2,814,912
Cash collections (2,895,121) (2,764,912)
Outstanding balance sold to purchaser 234,927 300,000
Cash collected, not remitted to purchaser (29,104) (79,150)
Remaining sold receivables 205,823 220,850
Cash provided (used) by MARPA $ (54,000) $ 50,000
v3.26.1
Long-term Debt - Long-term Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Mar. 12, 2026
Jun. 30, 2025
Debt Instrument [Line Items]      
Principal amount of long-term debt $ 5,210,813   $ 2,942,625
Less unamortized debt discount, premium, and issuance costs (30,236)   (24,685)
Total long-term debt 5,180,577   2,917,940
Less current portion (46,750)   (68,750)
Long-term debt, net of current portion $ 5,133,827   2,849,190
2033 Notes | Senior notes      
Debt Instrument [Line Items]      
Stated Interest Rate 6.38%    
Effective Interest Rate 6.58%    
Principal amount of long-term debt $ 1,000,000   1,000,000
2033 Notes-2 | Senior notes      
Debt Instrument [Line Items]      
Stated Interest Rate 6.38% 6.375%  
Effective Interest Rate 6.08%    
Principal amount of long-term debt $ 500,000   0
Revolving Facility | Line of credit      
Debt Instrument [Line Items]      
Stated Interest Rate 5.32%    
Effective Interest Rate 5.32%    
Principal amount of long-term debt $ 928,000   124,500
Term loans | Line of credit      
Debt Instrument [Line Items]      
Stated Interest Rate 4.92%    
Effective Interest Rate 4.98%    
Principal amount of long-term debt $ 1,242,188   1,071,875
Term loans | Term Loan B | Line of credit      
Debt Instrument [Line Items]      
Stated Interest Rate 5.42%    
Effective Interest Rate 5.65%    
Principal amount of long-term debt $ 740,625   746,250
Term loans | Term Loan B-2 | Line of credit      
Debt Instrument [Line Items]      
Stated Interest Rate 5.42%    
Effective Interest Rate 5.62%    
Principal amount of long-term debt $ 800,000   $ 0
v3.26.1
Long-term Debt - Narratives (Details) - USD ($)
Mar. 12, 2026
Mar. 09, 2026
Nov. 25, 2025
Mar. 31, 2026
Jun. 30, 2025
Debt Instrument [Line Items]          
Principal amount of long-term debt       $ 5,210,813,000 $ 2,942,625,000
Debt discount and debt issuance costs       30,236,000 24,685,000
Interest rate swap agreements | Cash flow hedging          
Debt Instrument [Line Items]          
Aggregate notional amount       900,000,000.0  
Term Loan B-2 | Term loans | ARKA Group L.P          
Debt Instrument [Line Items]          
Debt instrument, term   7 years      
Aggregate principal amount   $ 800,000,000.0      
Term loan B principal payment   2,000,000.0      
Debt discount and debt issuance costs   $ 9,100,000      
2033 Notes-2 | Senior notes          
Debt Instrument [Line Items]          
Principal amount of long-term debt       $ 500,000,000 0
Aggregate principal amount $ 500,000,000.0        
Debt instrument, interest rate (as percent) 6.375%     6.38%  
Proceeds from issuance of debt $ 516,500,000        
Bank credit facility | Bank credit facility | Line of credit          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity     $ 3,250,000,000    
Revolving credit facility | Line of credit          
Debt Instrument [Line Items]          
Principal amount of long-term debt       $ 928,000,000 124,500,000
Debt instrument, interest rate (as percent)       5.32%  
Revolving credit facility | Bank credit facility | Line of credit          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity     2,000,000,000    
Principal amount of long-term debt       $ 928,000,000.0  
Term loans | Line of credit          
Debt Instrument [Line Items]          
Debt instrument, periodic payment     15,600,000    
Principal amount of long-term debt       $ 1,242,188,000 1,071,875,000
Debt instrument, interest rate (as percent)       4.92%  
Term loans | Bank credit facility | Line of credit          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity     $ 1,250,000,000    
Debt instrument, term     5 years    
Debt instrument, periodic payment     $ 7,800,000    
Term loans | Term Loan B-2 | Line of credit          
Debt Instrument [Line Items]          
Principal amount of long-term debt       $ 800,000,000 $ 0
Debt instrument, interest rate (as percent)       5.42%  
Same-day swing line loan, revolving credit sub-facility | Bank credit facility | Line of credit          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity     150,000,000.0    
Principal amount of long-term debt       $ 0  
Stand-y letters of credit, revolving credit sub-facility | Bank credit facility | Line of credit          
Debt Instrument [Line Items]          
Credit facility maximum borrowing capacity     $ 25,000,000.0    
Principal amount of long-term debt       $ 0  
v3.26.1
Long-term Debt - Aggregate Maturities of Long-Term Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Debt Disclosure [Abstract]    
2026 $ 11,688  
2027 46,750  
2028 62,375  
2029 78,000  
2030 78,000  
Thereafter 4,934,000  
Principal amount of long-term debt $ 5,210,813 $ 2,942,625
v3.26.1
Long-term Debt - Schedule of Cash Flow Hedges (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Debt Disclosure [Abstract]        
Gain (loss) recognized in other comprehensive income before reclassifications $ 2,711 $ (2,399) $ 4,938 $ (1,057)
Amounts reclassified to earnings from accumulated other comprehensive loss (1,515) (3,490) (6,817) (14,046)
Other comprehensive income (loss), net of tax $ 1,196 $ (5,889) $ (1,879) $ (15,103)
v3.26.1
Legal Proceedings and Other Commitments and Contingencies (Details)
$ in Millions
Nov. 12, 2024
USD ($)
Commitments and Contingencies Disclosure [Abstract]  
Loss contingency, estimate of possible loss $ 42
v3.26.1
Earnings Per Share - Weighted Average (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Earnings Per Share [Abstract]        
Net income $ 130,393 $ 111,860 $ 379,058 $ 341,975
Weighted average number of basic shares outstanding (in shares) 22,087 22,279 22,054 22,332
Dilutive effect of equity awards (in shares) 78 104 104 153
Weighted average number of diluted shares outstanding (in shares) 22,165 22,383 22,158 22,485
Basic earnings per share (in dollars per share) $ 5.90 $ 5.02 $ 17.19 $ 15.31
Diluted earnings per share (in dollars per share) $ 5.88 $ 5.00 $ 17.11 $ 15.21
v3.26.1
Earnings Per Share - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Equity, Class of Treasury Stock [Line Items]      
Payment for repurchase of common stock   $ 150.0  
Open Market Repurchases      
Equity, Class of Treasury Stock [Line Items]      
Shares repurchased (in shares) 0 400,000 0
Shares repurchased, average price per share (in dollars per share)   $ 344.35  
2023 Repurchase Program      
Equity, Class of Treasury Stock [Line Items]      
Share repurchase program, remaining authorized amount $ 187.3   $ 187.3
v3.26.1
Income Taxes (Details)
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Income Tax Disclosure [Abstract]        
Effective income tax rate 26.20% 26.00% 24.80% 23.00%
v3.26.1
Business Segments - Narrative (Details)
 9 Months Ended
Mar. 31, 2026
segment
Segment Reporting [Abstract]  
Number of reportable segments 2
v3.26.1
Business Segments - Schedule of Summarized Financial Information of Reportable Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]        
Revenues $ 2,351,002 $ 2,166,982 $ 6,858,722 $ 6,323,680
Direct costs 1,553,169 1,434,735 4,595,374 4,251,384
Indirect costs and selling expenses 510,182 480,917 1,448,623 1,375,524
Depreciation and amortization 58,774 54,961 167,104 139,264
Income from operations 228,877 196,369 647,621 557,508
Capital expenditures 26,818 16,240 59,876 37,640
Domestic        
Segment Reporting Information [Line Items]        
Revenues 2,273,695 2,105,120 6,628,722 6,140,597
Domestic | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 2,273,695 2,105,120 6,628,722 6,140,597
Direct costs 1,519,189 1,408,562 4,495,963 4,175,065
Indirect costs and selling expenses 480,520 456,671 1,360,771 1,312,666
Depreciation and amortization 57,279 54,017 162,910 136,321
Income from operations 216,707 185,870 609,078 516,545
Capital expenditures 25,307 16,113 55,031 36,443
International        
Segment Reporting Information [Line Items]        
Revenues 77,307 61,862 230,000 183,083
International | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 77,307 61,862 230,000 183,083
Direct costs 33,980 26,173 99,411 76,319
Indirect costs and selling expenses 29,662 24,246 87,852 62,858
Depreciation and amortization 1,495 944 4,194 2,943
Income from operations 12,170 10,499 38,543 40,963
Capital expenditures $ 1,511 $ 127 $ 4,845 $ 1,197
v3.26.1
Fair Value Measurements (Details) - USD ($)
$ in Thousands
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Jun. 30, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Decrease in contingent consideration $ (1,100) $ (8,600)  
Level 2      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Interest rate swap agreements $ (321)   $ (1,503)
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Other liabilities   Other liabilities
Prepaid expenses and other current assets | Level 2      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Interest rate swap agreements $ 1,648   $ 220
Other assets | Level 2      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Interest rate swap agreements 4,715   9,839
Other accrued expenses and current liabilities | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Contingent consideration (3,294)   (3,678)
Other liabilities | Level 3      
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]      
Contingent consideration $ (8,238)   $ (10,017)