ATLASSIAN CORP, 10-K filed on 8/14/2026
Annual Report
v3.26.1
Cover - USD ($)
$ in Billions
 12 Months Ended
Jun. 30, 2026
Aug. 07, 2026
Dec. 31, 2025
Document Information [Line Items]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Jun. 30, 2026    
Current Fiscal Year End Date --06-30    
Document Transition Report false    
Entity File Number 001-37651    
Entity Registrant Name Atlassian Corporation    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 88-3940934    
Entity Address, Address Line One 350 Bush Street    
Entity Address, Address Line Two Floor 13    
Entity Address, City or Town San Francisco    
Entity Address, State or Province CA    
Entity Address, Postal Zip Code 94104    
City Area Code 415    
Local Phone Number 701-1110    
Title of 12(b) Security Class A Common Stock, par value $0.00001 per share    
Trading Symbol TEAM    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
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    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction false    
Entity Shell Company false    
Entity Public Float     $ 27.6
Documents Incorporated by Reference
Portions of the registrant’s definitive proxy statement relating to its 2026 Annual Meeting of Stockholders (the “Proxy Statement”), to be filed within 120 days of the registrant’s fiscal year ended June 30, 2026, are incorporated by reference in Part III of this Annual Report on Form 10-K to the extent stated herein. Except with respect to information specifically incorporated by reference in this Annual Report on Form 10-K, the Proxy Statement is not deemed to be filed as part of this Annual Report on Form 10-K.
    
Entity Central Index Key 0001650372    
Document Fiscal Year Focus 2026    
Document Fiscal Period Focus FY    
Amendment Flag false    
Class A      
Document Information [Line Items]      
Entity Common Stock, Shares Outstanding   159,005,198  
Class B      
Document Information [Line Items]      
Entity Common Stock, Shares Outstanding   94,133,617  
v3.26.1
Audit Information
 12 Months Ended
Jun. 30, 2026
Audit Information [Abstract]  
Auditor Name Ernst & Young LLP
Auditor Firm ID 42
Auditor Location San Francisco, California
v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 1,239,512 $ 2,512,874
Marketable securities 0 424,268
Accounts receivable, net 1,269,947 778,302
Prepaid expenses and other current assets 287,663 175,793
Total current assets 2,797,122 3,891,237
Non-current assets:    
Property and equipment, net 86,302 105,118
Operating lease right-of-use assets 114,059 169,127
Strategic investments 213,147 221,942
Intangible assets, net 432,258 244,840
Goodwill 2,302,739 1,304,445
Deferred tax assets 4,088 3,762
Other non-current assets 153,814 101,499
Total assets 6,103,529 6,041,970
Current liabilities:    
Accounts payable 262,609 222,092
Accrued expenses and other current liabilities 764,579 681,601
Deferred revenue, current portion 2,495,431 2,227,002
Operating lease liabilities, current portion 48,509 50,164
Total current liabilities 3,571,128 3,180,859
Non-current liabilities:    
Deferred revenue, net of current portion 166,260 254,252
Operating lease liabilities, net of current portion 194,841 201,483
Long-term debt 989,560 987,684
Deferred tax liabilities 27,853 23,881
Other non-current liabilities 95,445 48,157
Total liabilities 5,045,087 4,696,316
Commitments and contingencies (Note 12)
Stockholders’ equity    
Additional paid-in capital 7,180,851 5,574,290
Accumulated other comprehensive income (loss) (17,034) 13,226
Accumulated deficit (6,105,378) (4,241,865)
Total stockholders’ equity 1,058,442 1,345,654
Total liabilities and stockholders’ equity 6,103,529 6,041,970
Class A    
Stockholders’ equity    
Common stock, value issued 2 2
Class B    
Stockholders’ equity    
Common stock, value issued $ 1 $ 1
v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares
Jun. 30, 2026
Jun. 30, 2025
Class A    
Common stock, par value (in dollars per share) $ 0.00001 $ 0.00001
Common stock, shares authorized (in shares) 750,000,000 750,000,000
Common stock, shares issued (in shares) 159,268,260 165,949,196
Common stock, shares outstanding (in shares) 159,268,260 165,949,196
Class B    
Common stock, par value (in dollars per share) $ 0.00001 $ 0.00001
Common stock, shares authorized (in shares) 230,000,000 230,000,000
Common stock, shares issued (in shares) 94,133,617 97,030,987
Common stock, shares outstanding (in shares) 94,133,617 97,030,987
v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Revenues:      
Total revenues $ 6,572,308 $ 5,215,304 $ 4,358,603
Cost of revenues [1],[2] 996,830 894,851 803,495
Gross profit 5,575,478 4,320,453 3,555,108
Operating expenses:      
Research and development [1],[2] 3,269,257 2,669,312 2,184,111
Marketing and sales [1],[2] 1,541,178 1,134,535 877,497
General and administrative [2] 754,688 646,998 610,577
Total operating expenses 5,565,123 4,450,845 3,672,185
Operating income (loss) 10,355 (130,392) (117,077)
Other expense, net (8,565) (50,277) (30,916)
Interest income 69,710 112,324 96,663
Interest expense (49,450) (30,550) (34,077)
Income (loss) before income taxes 22,050 (98,895) (85,407)
Provision for income taxes (75,878) (157,792) (215,112)
Net loss $ (53,828) $ (256,687) $ (300,519)
Net loss per share attributable to Class A and Class B common stockholders:      
Basic (in dollars per share) $ (0.21) $ (0.98) $ (1.16)
Diluted (in dollars per share) $ (0.21) $ (0.98) $ (1.16)
Weighted-average shares used in computing net loss per share attributable to Class A and Class B common stockholders:      
Basic (in shares) 260,163,000 261,787,000 259,133,000
Diluted (in shares) 260,163,000 261,787,000 259,133,000
Subscription      
Revenues:      
Total revenues $ 6,262,194 $ 4,930,604 $ 3,924,389
Other      
Revenues:      
Total revenues $ 310,114 $ 284,700 $ 434,214
[1]
(2)    Amounts include amortization of acquired intangible assets, as follows:
Cost of revenues$78,906 $40,508 $36,988 
Research and development374 374 374 
Marketing and sales22,206 14,635 12,386 
[2]
(1)    Amounts include stock-based compensation, as follows:
Cost of revenues$71,817 $83,017 $71,691 
Research and development1,143,944 937,440 712,409 
Marketing and sales206,368 168,270 137,347 
General and administrative184,432 173,495 159,986 
v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Amortization expense for intangible assets $ 101,500 $ 55,500 $ 49,700
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold      
Stock based compensation expense 71,817 83,017 71,691
Amortization expense for intangible assets 78,906 40,508 36,988
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense      
Stock based compensation expense 184,432 173,495 159,986
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense      
Stock based compensation expense 1,143,944 937,440 712,409
Amortization expense for intangible assets 374 374 374
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense      
Stock based compensation expense 206,368 168,270 137,347
Amortization expense for intangible assets $ 22,206 $ 14,635 $ 12,386
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]      
Net loss $ (53,828) $ (256,687) $ (300,519)
Other comprehensive loss, net of reclassification adjustments:      
Foreign currency translation adjustment (11,576) 3,639 (2,270)
Net change in unrealized gain (loss) on marketable and privately held debt securities (345) 1,032 314
Net loss on cash flow hedging derivative instruments (18,339) (16,745) (6,746)
Other comprehensive loss, before tax (30,260) (12,074) (8,702)
Income tax effect 0 0 0
Other comprehensive loss, net of tax (30,260) (12,074) (8,702)
Total comprehensive loss, net of tax $ (84,088) $ (268,761) $ (309,221)
v3.26.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Class A
Class B
Common Stock
Class A
Common Stock
Class B
Additional paid in capital
Accumulated other comprehensive loss
Accumulated deficit
Shares, beginning balance (in shares) at Jun. 30, 2023       152,437,000 105,124,000      
Beginning balance at Jun. 30, 2023 $ 654,672     $ 2 $ 1 $ 3,130,631 $ 34,002 $ (2,509,964)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock issued (in shares)       5,000,000        
Conversion from Class B Common Stock to Class A Common Stock (in shares)       4,112,000 (4,112,000)      
Stock-based compensation 1,081,433         1,081,433    
Repurchased of Class A Common Stock (in shares)       (2,161,000)        
Repurchases of Class A Common Stock (394,033)             (394,033)
Other comprehensive loss, net of tax (8,702)           (8,702)  
Net loss (300,519) $ (181,587) $ (118,932)         (300,519)
Shares, ending balance (in shares) at Jun. 30, 2024       159,388,000 101,012,000      
Ending balance at Jun. 30, 2024 1,032,851     $ 2 $ 1 4,212,064 25,300 (3,204,516)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock issued (in shares)       6,473,000        
Common stock issued 4         4    
Conversion from Class B Common Stock to Class A Common Stock (in shares)       3,981,000 (3,981,000)      
Stock-based compensation 1,362,222         1,362,222    
Repurchased of Class A Common Stock (in shares)       (3,982,000)        
Repurchases of Class A Common Stock (780,662)             (780,662)
Other comprehensive loss, net of tax (12,074)           (12,074)  
Net loss (256,687) $ (160,050) $ (96,637)         (256,687)
Shares, ending balance (in shares) at Jun. 30, 2025   165,949,196 97,030,987 165,860,000 97,031,000      
Ending balance at Jun. 30, 2025 1,345,654     $ 2 $ 1 5,574,290 13,226 (4,241,865)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Common stock issued (in shares)       8,273,000        
Conversion from Class B Common Stock to Class A Common Stock (in shares)       2,897,000 (2,897,000)      
Stock-based compensation 1,606,561         1,606,561    
Repurchased of Class A Common Stock (in shares)       (19,117,000)        
Repurchases of Class A Common Stock (1,809,685)             (1,809,685)
Other comprehensive loss, net of tax (30,260)           (30,260)  
Net loss (53,828) $ (34,202) $ (19,626)         (53,828)
Shares, ending balance (in shares) at Jun. 30, 2026   159,268,260 94,133,617 157,913,000 94,134,000      
Ending balance at Jun. 30, 2026 $ 1,058,442     $ 2 $ 1 $ 7,180,851 $ (17,034) $ (6,105,378)
v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:      
Net loss $ (53,828) $ (256,687) $ (300,519)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 140,668 92,375 78,738
Stock-based compensation 1,606,561 1,362,222 1,081,433
Impairment charges for leases and leasehold improvements 80,316 0 0
Deferred income taxes (23,080) 4,050 119
Gain on a non-cash sale of a controlling interest of a subsidiary 0 0 (1,378)
Amortization of interest rate swap contracts (7,163) (26,344) (4,166)
Net loss (gain) on strategic investments (22,029) 22,994 13,337
Net foreign currency loss (gain) 6,182 (2,494) 2,301
Other 1,507 (532) 1,305
Changes in operating assets and liabilities, net of business combinations:      
Accounts receivable, net (484,465) (150,035) (148,469)
Prepaid expenses and other assets (155,832) (85,385) (3,122)
Accounts payable 41,907 42,873 18,150
Accrued expenses and other liabilities 69,077 90,988 158,123
Deferred revenue 153,314 366,368 552,307
Net cash provided by operating activities 1,353,135 1,460,393 1,448,159
Cash flows from investing activities:      
Business combinations, net of cash acquired (1,228,875) (14,245) (847,767)
Purchases of property and equipment (34,060) (44,850) (33,112)
Purchases of strategic investments (9,250) (27,430) (14,400)
Purchases of marketable securities (67,259) (411,635) (248,897)
Proceeds from maturities of marketable securities 144,125 144,878 116,537
Proceeds from sales of marketable securities 352,093 5,893 41,514
Proceeds from sales of strategic investments 36,333 5,067 22,379
Net cash used in investing activities (806,893) (342,322) (963,746)
Cash flows from financing activities:      
Repayment of Term Loan 0 0 (1,000,000)
Proceeds from issuance of debt, net of issuance cost 0 0 987,039
Repurchases of Class A Common Stock (1,800,485) (779,439) (395,256)
Other 0 (3,143) 0
Net cash used in financing activities (1,800,485) (782,582) (408,217)
Effect of foreign exchange rate changes on cash and cash equivalents (10,233) 151 (1,989)
Net increase (decrease) in cash, cash equivalents, and restricted cash (1,264,476) 335,640 74,207
Cash, cash equivalents, and restricted cash at beginning of period 2,513,762 2,178,122 2,103,915
Cash, cash equivalents, and restricted cash at end of period 1,249,286 2,513,762 2,178,122
Reconciliation of cash, cash equivalents, and restricted cash within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows above:      
Cash and cash equivalents 2,512,874 2,176,930  
Restricted cash included in other non-current assets 9,774 888 1,192
Total cash, cash equivalents, and restricted cash 1,249,286 2,513,762 2,178,122
Supplemental disclosures of cash flow information:      
Income taxes paid, net of refunds 160,706 180,470 253,828
Interest paid 54,320 54,268 61,339
Received from interest rate swap contracts 0 0 (65,734)
Non-cash investing and financing activities:      
Purchase of property and equipment included in accrued expenses and other liabilities 19,538 10,523 1,263
Repurchases of Class A Common Stock and related excise tax liability included in accrued expenses and other current liabilities 13,366 4,167 2,943
Debt issuance costs included in accrued expenses and other current liabilities $ 0 $ 0 $ 1,344
v3.26.1
Description of Business
 12 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Business
1. Description of the Business
Atlassian Corporation (the “Company”) is a global technology company with a mission to unleash the potential of every team. The Company’s team collaboration software enables organizations to connect all teams through a system of work that unlocks productivity at scale. The Company’s portfolio of interconnected apps, AI agents, and products, each with discrete value propositions, delivers solutions for software teams, IT operations and support teams, leadership, and business teams. The Company puts AI at the center of its portfolio to enhance teamwork for users across apps and Collections, a carefully curated set of apps and agents designed to solve complex tasks. These apps, agents, and Collections are all built on the Atlassian Cloud Platform and data model: a common technology foundation that seamlessly connects teams, information, and workflows throughout an organization.
The Company’s fiscal year ends on June 30 of each year. References to fiscal year 2026, for example, refer to the fiscal year ended June 30, 2026.
v3.26.1
Summary of Significant Accounting Policies
 12 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies
2. Summary of Significant Accounting Policies
Basis of Preparation
The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). These principles are established primarily by the Financial Accounting Standards Board (“FASB”).
Principles of Consolidation
The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates
The preparation of the consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions in the Company’s consolidated financial statements. These estimates are based on information available as of the date of the consolidated financial statements. Such management estimates and assumptions include, but are not limited to the determination of:
•the standalone selling price (“SSP”) of performance obligations for revenue contracts with multiple performance obligations;
•the fair value of assets acquired and liabilities assumed for business combinations;
•the recognition, measurement and valuation of current and deferred income taxes and uncertain tax positions.
Actual results could differ materially from these estimates.
Segment
The Company operates as a single operating segment and derives revenue primarily from fees earned from subscription-based arrangements for providing customers with software in a cloud-based-infrastructure that the Company provides, and from the sale of on-premises term license agreements.
An operating segment is defined as a component of an entity for which discrete financial information is available and whose results of operations are regularly reviewed by the chief operating decision maker (“CODM”). The Company has identified the CEO, Mike Cannon-Brookes, as the CODM. The CODM manages the Company using consolidated financial information. Further, the Company offers a connected portfolio of apps that are built on a single Atlassian platform and data model. Accordingly, the Company has determined it operates as a single operating and reportable segment.
The CODM uses consolidated net loss to allocate resources, including headcount, and make business investment decisions during the Company’s budgeting process. The CODM also uses consolidated net loss to assess performance by comparing the consolidated results to forecasts. Significant segment expenses are organized by function and are presented on the consolidated statements of operations. Other segment items
included in consolidated net loss are: other income and expense, net, interest income, interest expense, and the provision for income taxes, which are reflected in the consolidated statements of operations.
Foreign Currency
The Company’s consolidated financial statements are presented using the U.S. dollar, which is its reporting currency. The functional currency for certain of the Company’s foreign subsidiaries is the U.S. dollar, while others use local currencies. The Company translates the foreign functional currency financial statements to U.S. dollars for those entities that do not have the U.S. dollar as their functional currency using the exchange rates at the balance sheet date for assets and liabilities, the period average exchange rates for revenues and expenses, and the historical exchange rates for equity transactions. The effects of foreign currency translation adjustments are recorded in accumulated other comprehensive income in the Consolidated Statements of Comprehensive Loss. Foreign currency transaction gains and losses are included in other income (expense), net on the Consolidated Statements of Operations.
Revenue from Contracts with Customers
Policies, Estimates and Judgments
Revenues are generally recognized upon the transfer of control of promised products or services provided to customers, reflecting the amount of consideration the Company expects to receive for those products or services. The Company enters into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of sales and other similar taxes collected from customers, which are subsequently remitted to governmental authorities.
Revenues are recognized upon the application of the following steps:
1.Identification of the contract or contracts with a customer;
2.Identification of the performance obligations in the contract;
3.Determination of the transaction price;
4.Allocation of the transaction price to the performance obligations in the contract; and
5.Recognition of revenue when, or as, the performance obligation is satisfied.
The timing of revenue recognition may differ from the timing of billing to its customers. The Company receives payments from customers based on a billing schedule as established in its contracts. Contract assets are recognized when performance is completed in advance of billings. Deferred revenue is recorded when billings are in advance of performance under the contract. The Company’s revenue arrangements include standard warranty provisions that the products and services will perform and operate in all material respects with the applicable published specifications, the financial impacts of which have historically been and are expected to continue to be insignificant. The Company’s contracts do not include a significant financing component.
Customer contracts often include promises to transfer multiple products and services to a customer.
The Company allocates the transaction price for each customer contract to each performance obligation based on the relative SSP for each distinct performance obligation. Judgment is required in determining the SSP for each distinct performance obligation. The Company typically determines an SSP range for its products and services, which is reassessed on a periodic basis or when facts and circumstances change. In most cases, the Company is able to determine SSP based on the observable prices of products or services sold separately. In instances where performance obligations do not have observable standalone sales, the Company utilizes available information that may include market conditions, pricing strategies, the life of the software, and other observable inputs to estimate the price that it would charge if the products and services were sold separately.
Recognition of Revenue
Revenue recognized from contracts with customers is disaggregated into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The Company reports revenues in two categories: (i) subscription, (ii) other. In addition, revenue is presented by geographic region and deployment option in Note 13, “Revenue.”
Subscription Revenues
Subscription revenues consist primarily of fees earned from subscription-based arrangements for providing customers the right to use the Company’s software in a cloud-based-infrastructure that the Company provides. The Company also sells on-premises term license agreements for its Data Center offerings, which consist of software licensed for a specified period and include support and maintenance services that are bundled with the license for the term of the license period. Subscription revenues are driven primarily by the number and size of active licenses, the type of deployment, and the price of the licenses. For Cloud offerings, subscription revenue is recognized ratably as services are performed, commencing with the date the service is made available to customers. For Data Center offerings, the Company recognizes revenue upfront for the portion that relates to the delivery of the term license, and the revenue related to support is recognized ratably as the services are performed over the term of the arrangement.
In September 2025, the Company announced plans to end-of-life its Data Center offering. As of March 2026, the Company no longer sells term licenses to new customers, and will stop selling term licenses and expansions to existing customers in March 2028. Subject to limited exceptions, the Company plans to end maintenance and support for these on-premises versions of its products in March 2029.
Other Revenues
Other revenues primarily include fees received for sales of third-party apps in the Atlassian Marketplace. Advisory services and training services are also included in other revenues. Revenue from the sale of third-party apps via Atlassian Marketplace is recognized on the date of product delivery given that all of the Company’s obligations have been met at that time and on a net basis as the Company functions as the agent in the relationship. Revenue from advisory services is recognized over the time period that the customer has access to the service. Revenue from advisory and training is recognized over time as the services are performed.
Deferred Contract Acquisition Costs
Deferred contract acquisition costs are costs incurred to obtain a contract, if such costs are recoverable, and consist primarily of sales commissions and related payroll taxes. Incremental costs of obtaining a contract are earned on new and expansion contracts which are capitalized and amortized over the average period of benefit, which the Company estimates to be four years.
The Company determines the period of benefit for commissions paid for the acquisition of the customer contract by taking into consideration the initial estimated customer life, anticipated renewals, and the technological life of its software. The Company includes the deferred contract costs in prepaid expense and other current assets and other non-current assets on the Consolidated Balance Sheets and the amortization of deferred contract acquisition costs in marketing and sales expense on the Consolidated Statements of Operations.
Cash, Cash Equivalents and Restricted Cash
Cash and cash equivalents consist of highly liquid investments with an original maturity of three months or less at the date of purchase. Cash equivalents also include amounts due from third-party credit card processors as they are both short-term and highly liquid in nature and are typically converted to cash within three days of the sales transaction. Cash and cash equivalents are stated at fair value.
As of June 30, 2026 and 2025, the Company had restricted cash of $9.8 million and $0.9 million, respectively, primarily used for the benefit of employees through a deferred compensation plan and future payments of voluntary disability insurance claims. Restricted cash was not available for use in the Company’s operations and is included in other non-current assets in the Consolidated Balance Sheets.
Accounts Receivable, net
The Company records trade accounts receivable at the invoice value, and such receivables are non-interest bearing. The Company considers receivables past due based on the contractual payment terms. The Company makes estimates of expected credit and collectability trends based on an assessment of various factors including historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment that may affect the Company’s ability to collect from customers. The allowance for credit losses and write offs were not material for each of the periods ended June 30, 2026, 2025 and 2024.
Fair Value Measurements
Fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories of inputs:
•Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities;
•Level 2 - Observable inputs (other than Level 1 prices) such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities;
•Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or examination.

Marketable Securities
The Company classifies all marketable debt securities that have original stated maturities of greater than three months as marketable securities on its Consolidated Balance Sheets. The Company determines the appropriate classification of its investments in marketable debt securities at the time of purchase and reevaluates such designation at each balance sheet date. The Company has classified and accounted for its marketable debt securities as available-for-sale (“AFS”). After consideration of its risk versus reward objectives, as well as its liquidity requirements, the Company may sell these debt securities prior to their stated maturities. The Company considers all of its marketable securities as funds available for use in current operations, including those with maturity dates beyond one year, and therefore classifies these securities as current assets on the Consolidated Balance Sheets.
The Company evaluates AFS securities with unrealized loss positions for credit loss by assessing whether the decline in fair value below the amortized cost basis has resulted from a credit loss or other factors, whether the Company expects to recover the entire amortized cost basis of the security, its intent to sell and whether it is more likely than not that the Company will be required to sell the securities before the recovery of their amortized cost basis. The Company carries these securities at fair value, and reports the unrealized gains and losses, net of taxes, as a component of accumulated other comprehensive income except for the changes in allowance for expected credit losses, which are recorded in other income (expense), net. Realized gains and losses are determined based on the specific identification method and are reported in other income (expense), net on the Consolidated Statements of Operations.
Strategic Investments
The Company holds strategic investments in privately held debt and equity securities. Investments in privately held debt securities are classified as AFS securities. Investments in privately held equity securities without readily determinable fair values in which the Company does not own a controlling interest or have significant influence over are measured in accordance with the measurement alternative. In applying the measurement alternative, the carrying value of the investment is measured at cost, less impairment, if any, plus or minus changes resulting from observable price changes from orderly transactions for the identical or a similar investment of the same issuer in the period of occurrence. Changes to the carrying value of these investments are recorded through other income (expense), net on the Consolidated Statements of Operations.
In determining adjustments to the carrying value of its strategic investments in privately held companies, the Company uses the most recent data available to the Company. Valuations of privately held securities are inherently complex and the determination of whether an orderly transaction is for an identical or similar investment requires judgment. In its evaluation, the Company considers factors such as differences in the rights and preferences of the investments and the extent to which those differences would affect the fair values of those investments. The Company’s impairment analysis encompasses an assessment of both qualitative and quantitative factors, including the investee’s financial metrics, market acceptance of the investee’s product or technology, general market conditions, and liquidity considerations.
During fiscal year 2026, the Company held equity securities in publicly-traded entities for which the Company did not have a controlling interest. Investments in publicly traded equity securities were recorded at fair value with changes in the fair value of the investments recorded in other income (expense), net in the Consolidated Statements of Operations. The Company did not hold any publicly traded equity securities as of June 30, 2026.
Equity Method Investments
Privately held equity securities in which the Company does not have a controlling financial interest but does exercise significant influence over the investment are accounted for under the equity method. The Company records a proportionate share of the investment’s earnings or losses, and impairment, if any, as a component of other income (expense), net in the Consolidated Statements of Operations. These investments are included in strategic investments in the Consolidated Balance Sheets.
For entities that meet the definition of a variable interest entity (“VIE”), the Company consolidates those entities when the Company is the primary beneficiary of the entity. The Company is determined to be the primary beneficiary when it possesses both the unilateral power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company continually evaluates whether it qualifies as the primary beneficiary and reconsiders its determination of whether an entity is a VIE upon reconsideration events. As of June 30, 2026, the Company has one investment in an unconsolidated VIE for which it exercises significant influence over their operations and accordingly accounts for it as an equity method investment.
Derivative Financial Instruments
The Company enters into foreign exchange forward contracts with the objective to mitigate certain currency risks associated with cost of revenues and operating expenses denominated in foreign currencies. These foreign exchange forward contracts are designated as cash flow hedges. The Company also enters into foreign exchange forward contracts to hedge a portion of certain foreign currency denominated as monetary assets and liabilities to reduce the risk that such foreign currency will be adversely affected by changes in exchange rates. The Company does not enter into derivative instrument transactions for trading or speculative purposes.
Hedging derivative instruments are recognized as either assets or liabilities and are measured at fair value. For derivative instruments designated as cash flow hedges, the gains (losses) on the derivatives are initially reported as a component of other comprehensive income and are subsequently recognized in earnings when the hedged exposure is recognized in earnings. For derivative instruments that are not designated as hedges, gains (losses) from changes in fair values are primarily recognized in other income (expense), net. The Company enters into master netting agreements with financial institutions to execute its hedging program. The master netting agreements are with select financial institutions to reduce the Company’s credit risk, as well as to reduce its concentration of risk with any single counterparty.
Property and Equipment
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method to allocate the cost over the estimated useful lives. The estimated useful lives for each asset class are as follows:
Equipment
3 years
Computer hardware and computer-related software
3 - 5 years
Furniture and fittings
5 years
Leasehold improvements
Shorter of the remaining lease term or 7 years
Leases
The Company determines if an arrangement is a lease at inception. The Company’s lease agreements generally contain lease and non-lease components. Payments under the Company’s lease arrangements are primarily fixed. Non-lease components primarily include payments for maintenance and utilities. The Company combines fixed payments for non-lease components with lease payments and accounts for them together as a single lease component, which increases the amount of its lease assets and liabilities.
Certain lease agreements contain variable payments, which are expensed as incurred and not included in the lease assets and liabilities. These amounts include payments affected by the Consumer Price Index and payments for maintenance and utilities.
Lease assets and liabilities are recognized at the present value of the future lease payments at the lease commencement date. The interest rate used to determine the present value of the future lease payments is the Company’s incremental borrowing rate, because the interest rate implicit in the Company’s leases is not readily determinable. The Company’s incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located. The Company’s lease terms include periods under options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company generally uses the base, non-cancelable, lease term when determining the lease assets and liabilities. The Company reassesses the lease term if and when a significant event or change in circumstances occurs. Lease assets also include any prepaid lease payments and lease incentives. Operating lease expense (excluding variable lease costs) is recognized on a straight-line basis over the lease term.
The Company applies the short-term lease recognition exemption for short-term leases, which are leases with a lease term of 12 months or less. Payments associated with short-term leases are recognized on a straight-line basis over the lease term.
The Company did not have any finance lease arrangements for fiscal years 2026, 2025, and 2024.
Business Combinations
The Company allocates the purchase price of acquired companies to the tangible and intangible assets acquired and liabilities assumed, based on their estimated fair values. The excess of the purchase price over the fair values of these identifiable assets and liabilities is recorded as goodwill. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred.
The Company uses its best estimates and assumptions to assign fair value to the tangible and intangible assets acquired and liabilities assumed at the acquisition date. Assumptions used to estimate the fair value of the intangible assets include, but are not limited to, projected revenue growth, projected operating expenses, and technology migration curves. These estimates are inherently uncertain and subject to refinement and, as a result, actual results may differ from estimates.
During the measurement period, which may not be later than one year from the acquisition date, the Company may record adjustments to the fair value of these tangible and intangible assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Consolidated Statements of Operations.
Intangible Assets
The Company acquires intangible assets separately or in connection with business combinations. Intangible assets are measured at cost initially. Intangible assets with finite lives are amortized over their estimated useful life using the straight-line method. The amortization expense on intangible assets is recognized in the Consolidated Statements of Operations in the expense category consistent with the function of the intangible asset.
The estimated useful lives for each intangible asset class are as follows:
Patents, trademarks, and other rights
3 - 12 years
Customer relationships
3 - 10 years
Acquired developed technology
3 - 7 years
Impairment of Long-Lived Assets
Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate an asset’s carrying value may not be recoverable. When the projected undiscounted cash flows estimated to be generated by those assets are less than their carrying amounts, the assets are adjusted to their estimated fair value and an impairment loss is recorded as a component of operating income (expense).
Goodwill
Goodwill is the excess of the aggregate of the consideration transferred over the identifiable assets acquired and liabilities assumed.
Goodwill is tested for impairment at least annually during the fourth quarter of the Company’s fiscal year and more often if and when circumstances indicate that the carrying value may be impaired. The Company’s reporting unit is at the operating segment level. The Company performs its goodwill impairment test at the level of its operating segment, as there are no levels below the operating segment level for which discrete financial information is prepared and regularly reviewed by the Company’s CODM. A qualitative assessment is performed to determine whether it is more likely than not that the fair value of its operating segment is less than its carrying amount. If the operating segment does not pass the qualitative assessment, the carrying amount of the operating segment, including goodwill, is compared to fair value and goodwill is considered impaired if the carrying value exceeds its fair value. Any excess is recognized as an impairment loss in the current period earnings.
Stock-based Compensation
The Company recognizes compensation expense related to all stock-based awards, including restricted stock units (“RSU”) and restricted stock awards (“RSA”) issued to the Company’s employees in exchange for their service, based on the estimated fair value of the awards on the grant date. The fair value of each RSU or RSA is based on the fair value of the Company’s Class A Common Stock on the date of grant.
The Company recognizes costs related to stock-based awards, net of estimated forfeitures, over the awards’ requisite service period on a straight-line basis, which is generally four years. The Company estimates forfeitures based on historical experience. The respective expenses are recognized as employee benefits and classified in the Consolidated Statements of Operations according to the activities that the employees perform.
Defined Contribution Plan
The Company offers various defined contribution plans for its U.S. and non-U.S. employees. The Company matches a portion of employee contributions each pay period, subject to maximum aggregate matching amounts, or contributes based on local legislative rates for eligible employees. Total defined contribution plan expense was $137.3 million, $114.5 million, and $96.3 million for fiscal years 2026, 2025, and 2024, respectively.
Advertising Costs
Advertising costs are expensed as incurred as a component of marketing and sales expense in the Consolidated Statements of Operations. Advertising expense was $206.4 million, $153.1 million, and $100.2 million for fiscal years 2026, 2025, and 2024, respectively.
Research and Development
Research and development costs are expensed as incurred and consist of the employee, software, and hardware costs incurred for the development of new apps, AI agents and products, enhancements and updates of existing offerings and quality assurance activities. The costs incurred for the development of the Company’s cloud-based platform and internal use software are evaluated for capitalization during the development phase. The Company did not capitalize software development costs on its Consolidated Balance Sheet for the periods presented.
Concentration of Credit Risk and Significant Customers
Financial instruments potentially exposing the Company to credit risk consist primarily of cash, cash equivalents, accounts receivable, derivative contracts and investments. The Company holds cash at financial institutions that management believes are high credit, quality financial institutions and invests in investment grade securities rated A- and above and debt securities. The Company’s derivative contracts expose it to credit risk to the extent that the counterparties may be unable to meet the terms of the arrangement. The Company enters into master netting agreements with select financial institutions to reduce its credit risk and trades with several counterparties to reduce its concentration risk with any single counterparty. The Company does not have significant exposure to counterparty credit risk at this time. In addition, the Company does not require nor is required to post collateral of any kind related to any foreign currency derivatives.
Credit risk arising from accounts receivable is mitigated to a certain extent due to the Company’s large number of customers and their dispersion across various industries and geographies. The Company’s customer
base is highly diversified, thereby limiting credit risk. The Company manages credit risk with customers by closely monitoring its receivables and contract assets. The Company continuously monitors outstanding receivables locally to assess whether there is objective evidence that outstanding accounts receivables and contract assets are credit-impaired. As of June 30, 2026 and June 30, 2025, no customer represented more than 10% of the total accounts receivable balance. For fiscal years ended June 30, 2026, 2025, and 2024, no customer represented more than 10% of the total revenues.
Income Taxes
The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities represent temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and their corresponding tax basis used in the computation of taxable income. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be reversed. The Company recognizes the effect on deferred tax assets and liabilities of a change in tax rates within the provision for income taxes as expense and income in the period that includes the enactment date. The Company accounts for the tax impact of including Global Intangible Low-Taxed Income in U.S. taxable income as a period cost. A valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized.
Changes in deferred tax assets or liabilities are recognized as a component of benefit from (provision for) income taxes in the Consolidated Statements of Operations, except where they relate to items that are recognized in other comprehensive income or directly in equity, in which case the related deferred tax is also recognized in other comprehensive income or equity, respectively. Where deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination.
Deferred tax assets are regularly evaluated for future realization and reduced by a valuation allowance to an amount for which realization is more likely than not. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing temporary differences, projected future taxable income, tax planning strategies, carry back potential if permitted under the tax law, and results of recent operations. Significant management judgment is required to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and the amount of future taxable income, together with future tax-planning strategies. Assumptions about the generation of future taxable income depend on management’s estimates of future cash flows, future business expectations, capital expenditures, dividends, and other capital management transactions. Management judgment is also required in relation to the application of income tax legislation, which involves complexity and an element of uncertainty. In the event there is a change in the Company’s assessment of its ability to recover deferred tax assets, the income tax provision would be adjusted accordingly, resulting in a corresponding adjustment to the Consolidated Statements of Operations.
Uncertain tax positions are recorded in accordance with Accounting Standards Codification Topic 740 Income Taxes (“ASC 740”), Income Taxes. ASC 740 specifies a two-step process in which (1) the Company determines whether it’s more likely than not that tax positions will be sustained on the basis of the technical merits of the position, and (2) for those positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more likely than not to be realized upon ultimate settlement with the related tax authority. The Company considers many factors when evaluating uncertain tax positions, which involve significant judgment and may require periodic reassessment. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of income tax expense. For details of taxation, please refer to Note 18, “Income Taxes.”
Recently Adopted Accounting Pronouncements
In December 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024. The Company adopted ASU 2023-09 on a prospective basis effective July 1, 2025. Refer to Note 18, “Income Taxes” for further information.
New Accounting Standards Not Yet Adopted in Fiscal Year 2026
In November 2024, the FASB issued ASU No. 2024-03 “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures.” This ASU requires disaggregated disclosure of income statement expenses for public entities. The ASU does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. This ASU is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements and disclosures.
In July 2025, the FASB issued ASU 2025-05 “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities,” which amends ASC 326-20 to provide a practical expedient and an accounting policy election (for all entities, other than public business entities that elect the practical expedient) related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606. This ASU is effective for fiscal years beginning after December 15, 2025, and early adoption is permitted. The Company is currently evaluating the impact of the new guidance and does not expect it to have a material impact on its consolidated financial statements.
In September 2025, the FASB issued ASU 2025-06 “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.” This ASU makes targeted improvements to modernize the accounting for internally developed software subject to ASC 350-40. This ASU is effective for fiscal years beginning after December 15, 2027, and early adoption is permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.
v3.26.1
Fair Value Measurements
 12 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements
3. Fair Value Measurements
The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2026, by level within the fair value hierarchy (in thousands):
Level 1Level 2Total
Assets measured at fair value
Cash and cash equivalents:
Money market funds$727,056 $— $727,056 
Derivative financial instruments— 17,506 17,506 
Total assets measured at fair value$727,056 $17,506 $744,562 
Liabilities measured at fair value
Derivative financial instruments$— $17,005 $17,005 
Total liabilities measured at fair value$— $17,005 $17,005 
The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2025, by level within the fair value hierarchy (in thousands):
Level 1Level 2Total
Assets measured at fair value
Cash and cash equivalents:
Money market funds$1,774,138 $— $1,774,138 
Corporate debt securities— 382 382 
Marketable securities:
U.S. treasury securities— 176,661 176,661 
Agency securities— 3,216 3,216 
Certificates of deposit and time deposits— 10,000 10,000 
Commercial paper— 19,697 19,697 
Corporate debt securities— 214,694 214,694 
Derivative financial instruments— 23,234 23,234 
Total assets measured at fair value$1,774,138 $447,884 $2,222,022 
Liabilities measured at fair value
Derivative financial instruments$— $2,445 $2,445 
Total liabilities measured at fair value$— $2,445 $2,445 
Due to the short-term nature of accounts receivable, net, contract assets, accounts payable, accrued expenses, and other current liabilities, their carrying amount is assumed to approximate their fair value.
Determination of Fair Value
The Company uses quoted prices in active markets for identical assets to determine the fair value of the Company’s Level 1 investments. The fair value of the Company’s Level 2 investments is determined based on quoted market prices or alternative market observable inputs.
Strategic Investments Measured and Recorded at Fair Value on a Non-Recurring Basis
The Company’s investments in privately held companies are not included in the tables above and are discussed in Note 4, “Investments.” The carrying value of the Company’s privately held equity securities are adjusted on a non-recurring basis upon observable price changes in orderly transactions for identical or similar investments of the same issuer, or impairment (referred to as the measurement alternative). Privately held equity securities that have been remeasured during the period based on observable price changes in orderly transactions are classified within Level 2 or Level 3 in the fair value hierarchy because the Company estimates the value based
on valuation methods which may include a combination of the observable transaction price at the transaction date and other unobservable inputs including volatility, rights and preferences of the investments, and obligations of the securities the Company holds. The fair value of privately held equity securities that have been remeasured due to impairment is classified within Level 3. The Company’s privately held debt and equity securities amounted to $157.3 million and $168.8 million as of June 30, 2026 and June 30, 2025, respectively.
v3.26.1
Investments
 12 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Investments
4. Investments
Marketable Securities
The Company did not have any investments of marketable securities as of June 30, 2026.
The Company’s investments of marketable securities as of June 30, 2025, consisted of the following (in thousands):
Amortized CostUnrealized GainsUnrealized LossesFair Value
Marketable debt securities
U.S. treasury securities$176,338 $388 $(65)$176,661 
Agency securities3,197 19 — 3,216 
Certificates of deposit and time deposits10,000 — — 10,000 
Commercial paper19,697 — — 19,697 
Corporate debt securities214,190 527 (23)214,694 
Total marketable securities$423,422 $934 $(88)$424,268 
The table below summarizes the Company’s marketable securities by remaining contractual maturity as of June 30, 2025 (in thousands):
June 30, 2025
Due in one year or less$271,923 
Due in one year through five years152,345 
Total marketable debt investments$424,268 
The Company regularly reviewed the changes to the rating of its marketable securities by rating agencies and monitored the surrounding economic conditions to assess the risk of expected credit losses. As of June 30, 2025, unrealized losses and the related risk of expected credit losses were not material.
Strategic Investments

Carrying value of privately held debt securities

The Company’s investments of privately held debt securities as of June 30, 2026, consisted of the following (in thousands):
Amortized CostUnrealized GainsUnrealized LossesFair Value
Privately held debt securities$7,180 $— $(2,750)$4,430 
The Company’s investments of privately held debt securities as of June 30, 2025, consisted of the following (in thousands):
Amortized CostUnrealized GainsUnrealized LossesFair Value
Privately held debt securities$7,780 $— $(3,350)$4,430 
Carrying value of privately held equity securities
Privately held equity securities are measured using the measurement alternative. The carrying value is measured as the total initial cost plus the cumulative net gain (loss).
The carrying values of privately held equity securities as of June 30, 2026 are summarized below (in thousands):
Privately held equity securities
Initial total cost$145,802 
Cumulative net gains
7,034 
Carrying value$152,836 
Privately held equity securities’ cumulative net gains were comprised of upward adjustments of $14.9 million and downward adjustments and impairment of $7.9 million as of June 30, 2026.
The carrying values of privately held equity securities as of June 30, 2025 are summarized below (in thousands):
Privately held equity securities
Initial total cost$166,302 
Cumulative net losses(1,909)
Carrying value$164,393 
Privately held equity securities’ cumulative net losses were comprised of downward adjustments and impairment charges of $8.5 million and upward adjustments of $6.6 million as of June 30, 2025.
Gains and Losses on Strategic Investments
The components of gains and losses on strategic investments were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Unrealized gains recognized on privately held equity securities$9,846 $1,549 $2,084 
Unrealized losses recognized on privately held equity securities including impairment(3,820)(967)(1,628)
Unrealized losses on privately held debt securities(250)— (500)
Unrealized gains (losses), net$5,776 $582 $(44)
Realized gains recognized on publicly traded equity securities
14,658 — 515 
Realized gains (losses) recognized on privately held equity securities1,367 (3,142)(2,546)
Realized gains on debt securities
228 — — 
Gains (losses) on strategic investments, net
$22,029 $(2,560)$(2,075)
Unrealized gains recognized during the reporting period on privately held equity securities still held at the reporting date
$6,026 $582 $456 
Unrealized gains recognized on privately held equity securities include upward adjustments from equity securities accounted for under the measurement alternative, while unrealized losses recognized on privately held equity securities include downward adjustments and impairment. Realized gains on sales of privately held securities, net, reflect the difference between the sale proceeds and the carrying value of the security at the beginning of the period or the purchase date, if later.
Realized gains (losses) recognized on publicly traded equity securities, privately held equity securities, and debt securities, reflect the difference between the sale proceeds and the carrying value of the security at the beginning of the period or the purchase date, if later.
Equity Method Investment
Vertical First Trust (“VFT”) was established for the construction project associated with the Company’s new global headquarters in Sydney, Australia (the “Australian HQ Property”). In fiscal year 2023, the Company completed a non-cash sale of the controlling interest of VFT to a third-party buyer as part of the contemplated transactions for the buyer to invest in and develop the Australian HQ Property. The maximum exposure to loss related to the Company’s investment in VFT equals the Company’s capital investment.
The Company retained a minority equity interest of 13% in the form of ordinary units in VFT and has significant influence in VFT. The Company’s interest in VFT is accounted for using the equity method in the consolidated financial statements. Under the equity method, the Company records its proportionate share of VFT’s earnings or losses.
The following table sets forth the carrying amounts of the equity method investment and the movements during fiscal years 2025 and 2026 (in thousands):
Equity Method Investment
Balance as of June 30, 2024$74,510 
Share of losses(20,433)
Effect of change in exchange rates(958)
Balance as of June 30, 2025$53,119 
Effect of change in exchange rates2,762 
Balance as of June 30, 2026$55,881 
The carrying amount of the Company’s investment in VFT was reported within strategic investments in the Company’s Consolidated Balance Sheets.
v3.26.1
Derivative Contracts
 12 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Contracts
5. Derivative Contracts
The Company has derivative instruments that are used for hedging activities as discussed below.
The following table sets forth the notional amounts of the Company’s hedging derivative instruments as of June 30, 2026 (in thousands):
Notional Amounts of Derivative Instruments
Notional Amount by Term to MaturityClassification by Notional Amount
Under 12 monthsOver 12 monthsTotalCash Flow HedgeNon HedgeTotal
Forward contracts$1,030,684 $62,031$1,092,715$704,613$388,102 $1,092,715
The following table sets forth the notional amounts of the Company’s hedging derivative instruments as of June 30, 2025 (in thousands):
Notional Amounts of Derivative Instruments
Notional Amount by Term to MaturityClassification by Notional Amount
Under 12 monthsOver 12 monthsTotalCash Flow HedgeNon HedgeTotal
Forward contracts$1,064,280 $79,858$1,144,138$765,613$378,525 $1,144,138
The fair value of the Company’s derivative instruments were as follows (in thousands):
As of June 30,
Balance Sheet Location20262025
Derivative assets
Derivatives designated as hedging instruments:
Foreign exchange forward contractsPrepaid expenses and other current assets$17,110 $16,210 
Foreign exchange forward contractsOther non-current assets156 3,715 
Derivatives not designated as hedging instruments:
Foreign exchange forward contractsPrepaid expenses and other current assets240 3,309 
Total derivative assets$17,506 $23,234 
Derivative liabilities
Derivatives designated as hedging instruments:
Foreign exchange forward contractsAccrued expenses and other current liabilities$10,085 $2,409 
Foreign exchange forward contractsOther non-current liabilities988 — 
Derivatives not designated as hedging instruments:
Foreign exchange forward contractsAccrued expenses and other current liabilities5,932 36 
Total derivative liabilities$17,005 $2,445 
The pre-tax effects of derivatives designated as cash flow hedging instruments on the consolidated financial statements were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Beginning balance of accumulated gains in accumulated other comprehensive loss$24,679 $41,424 $48,170 
Gross unrealized gains (losses) recognized in other comprehensive loss7,877 (1,897)10,826 
Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive loss into profit or loss:
Recognized in cost of revenues43 1,447 1,072 
Recognized in research and development(12,840)7,194 7,718 
Recognized in marketing and sales(3,223)1,027 1,264 
Recognized in general and administrative(3,033)1,828 2,320 
Recognized in interest(7,163)(26,344)(29,946)
Ending balance of accumulated gains in accumulated other comprehensive loss$6,340 $24,679 $41,424 
v3.26.1
Property and Equipment
 12 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment
6. Property and Equipment
Property and equipment, net consisted of the following (in thousands):
As of June 30,
20262025
Equipment$16,270 $15,008 
Computer hardware and software73,057 58,559 
Furniture and fittings27,676 25,217 
Leasehold improvements and other125,604 154,113 
Property and equipment, gross242,607 252,897 
Less: accumulated depreciation(156,305)(147,779)
Property and equipment, net$86,302 $105,118 
Depreciation expense was $39.2 million, $36.9 million, and $29.0 million for fiscal years 2026, 2025, and 2024, respectively. During fiscal year 2026, the Company recorded a $18.7 million impairment charge for leasehold improvements and other as a result of the Company’s restructuring efforts. Refer to Note 14, “Restructuring,” for additional information.
v3.26.1
Business Combinations
 12 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combinations
7. Business Combinations
The Browser Company of New York Inc.
On October 20, 2025, the Company acquired 100% of the outstanding equity of The Browser Company of New York Inc. (“BCNY”), the company behind the Dia and Arc browsers. The total purchase price was $488.3 million, composed of $481.5 million in cash and $6.8 million in non-cash settlement of existing BCNY shares included in the Company’s strategic investments. The acquisition of BCNY further expands offerings to Atlassian customers by providing a browser for enterprises designed for knowledge workers using SaaS applications in the AI-era.
The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands):
Fair Value
Cash and cash equivalents$22,160 
Prepaid expenses and other current assets1,235 
Intangible assets, net91,000 
Goodwill376,885 
Accrued expenses and other current liabilities(2,102)
Deferred tax liabilities(832)
Net assets acquired$488,346 
The excess of purchase price over the fair value of assets acquired and liabilities assumed was recorded as goodwill. The resulting goodwill is primarily attributed to the assembled workforce and expanded market opportunities, including providing the BCNY browsers to customers as an additional product along with existing Company offerings. The goodwill is not deductible in the U.S. for income tax purposes. The fair values assigned to assets acquired and liabilities assumed are preliminary and based on management’s estimates and assumptions which may be subject to change as additional information is received. The primary areas that remain preliminary relate to the fair values of certain intangible assets acquired, certain tangible assets and liabilities acquired, contingencies as of the acquisition date, income tax, including deferred taxes, and residual goodwill. The Company expects to finalize the valuation no later than one year from the acquisition date.
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for useful life):
Fair ValueUseful Life (years)
Developed Technology$80,000 3
Trade Name11,000 3
Developed technology represents the estimated fair value of BCNY’s AI-enabled browser technology. Trade name represents the estimated fair value of the BCNY trade name.
In connection with the transaction, the Company granted $8.2 million worth of replacement awards in the form of restricted stock units (“RSU”) to BCNY employees and $97.0 million worth of RSU awards to certain key BCNY employees. The fair value of the RSU awards was based on the stock price of the Company on the grant date. The RSU awards are subject to future vesting provisions based on service conditions, and the related expense is accounted for as stock-based compensation and classified in the consolidated statement of operations according to the activities that the employees perform.
A Software Company
On November 10, 2025, the Company acquired 100% of the outstanding equity of A Software Company (“DX”), which specializes in engineering intelligence. The acquisition of DX further expands the offerings to Atlassian customers and enhances the Company’s Collections. The total purchase price was composed of $720.4 million in cash.
The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands):
Fair Value
Cash and cash equivalents$27,910 
Accounts Receivable6,529 
Other non-current assets9,929 
Intangible assets, net182,800 
Goodwill557,439 
Accrued expenses and other current liabilities(1,706)
Deferred revenue, current(25,482)
Deferred tax liabilities(26,865)
Other non-current liabilities(10,192)
Net assets acquired$720,362 
The excess of purchase price over the fair value of assets acquired and liabilities assumed was recorded as goodwill. The resulting goodwill is primarily attributed to the assembled workforce and expanded market opportunities, including integrating the DX engineering intelligence platform with existing Company offerings. The goodwill is not deductible in the U.S. for income tax purposes. The fair values assigned to assets acquired and liabilities assumed are preliminary and based on management’s estimates and assumptions which may be subject to change as additional information is received. The primary areas that remain preliminary relate to the fair values of certain intangible assets acquired, certain tangible assets and liabilities acquired, contingencies as of the acquisition date, income tax, including deferred taxes, and residual goodwill. The Company expects to finalize the valuation no later than one year from the acquisition date.
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for useful life):
Fair ValueUseful Life (years)
Developed Technology$138,000 5
Trade Name37,000 5
Customer Relationships4,800 5
Backlog3,000 3
Developed technology represents the estimated fair value of DX’s engineering intelligence technology. Trade name represents the estimated fair value of the DX trade name.
In connection with the transaction, the Company granted $201.8 million in restricted stock awards (“RSAs”) and provided $38.9 million in deferred cash compensation to certain key DX employees. The fair value of the RSAs was based on the Company’s stock price on the grant date. Both the RSAs and cash compensation are subject to future vesting provisions based on service conditions. The related expense for the RSAs and cash compensation is accounted for as employee compensation expense, specifically stock-based compensation related to the RSAs, and is classified in the consolidated statement of operations according to the activities that the employees perform.
Other Fiscal Year 2026 Business Combinations
During the fiscal year 2026, the Company also completed two additional acquisitions to expand its offerings. These transactions were accounted for as business combinations and were not material individually or in the aggregate to the consolidated financial statements.
Total transaction costs incurred related to the business combinations were not material for fiscal year 2026.
The Company has included the financial results of BCNY, DX, and the other two additional business combinations described above in its consolidated financial statements from the date of acquisition, which were not material for fiscal year 2026. Pro forma results of operations have not been presented for fiscal year 2026 because the effect of the acquisitions individually and in the aggregate would not be material to the Company’s consolidated financial statements.
v3.26.1
Goodwill and Intangible Assets
 12 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets
8. Goodwill and Intangible Assets
Goodwill
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill amounts are not amortized but rather tested for impairment at least annually during the fourth quarter, or when indicators of impairment exist.
Goodwill consisted of the following (in thousands):
Goodwill
Balance as of June 30, 2024$1,288,756 
Additions14,022 
Effect of change in exchange rates1,667 
Balance as of June 30, 20251,304,445 
Additions999,340 
Effect of change in exchange rates(1,046)
Balance as of June 30, 2026$2,302,739 
Intangible Assets
Intangible assets consisted of the following as of June 30, 2026 (in thousands):
Gross Carrying AmountAccumulated AmortizationNet
Acquired developed technology$700,032 $(356,383)$343,649 
Patents, trade names, and other rights118,928 (50,555)68,373 
Customer relationships143,487 (123,251)20,236 
Total Intangible Assets$962,447 $(530,189)$432,258 
Intangible assets consisted of the following as of June 30, 2025 (in thousands):
Gross Carrying AmountAccumulated AmortizationNet
Acquired developed technology$466,932 $(278,525)$188,407 
Patents, trade names, and other rights70,928 (37,337)33,591 
Customer relationships135,687 (112,845)22,842 
Total Intangible Assets$673,547 $(428,707)$244,840 
The weighted-average remaining useful lives of the Company’s acquired intangible assets as of June 30, 2026 are as follows:
Weighted-Average Remaining Useful Lives (years)
Acquired developed technology4
Patents, trade names, and other rights4
Customer relationships3
Amortization expense for intangible assets was approximately $101.5 million, $55.5 million, and $49.7 million for fiscal years 2026, 2025, and 2024, respectively.
The following table presents the estimated future amortization expense related to intangible assets held as of June 30, 2026 (in thousands):
Fiscal Years:
2027$120,007 
2028117,244 
202987,814 
203073,839 
203131,108 
Thereafter2,246 
Total future amortization expense$432,258 
v3.26.1
Accrued Expenses and Other Current Liabilities
 12 Months Ended
Jun. 30, 2026
Other Liabilities Disclosure [Abstract]  
Accrued Expenses and Other Current Liabilities
9. Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):
As of June 30,
20262025
Accrued expenses$198,206 $180,197 
Employee benefits468,473 422,986 
Customer deposits19,185 16,396 
Tax liabilities17,429 36,726 
Derivative liabilities16,017 2,445 
Other payables45,269 22,851 
Total accrued expenses and other current liabilities$764,579 $681,601 
v3.26.1
Leases
 12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases
10. Leases
The Company rents office space and equipment under non-cancelable operating leases with various expiration dates through fiscal year 2034. Certain lease agreements include varying terms, escalation clauses and renewal rights. The Company does not assume renewals in its determination of the lease term unless the renewals are deemed to be reasonably certain at lease commencement. The Company’s lease agreements generally do not contain any material residual value guarantees or material restrictive covenants.
The components of lease costs and other information related to leases were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Operating lease costs
$38,681 $43,720 $41,426 
Variable lease costs17,200 14,781 11,908 
Total lease costs$55,881 $58,501 $53,334 
Weighted average remaining lease term (in years)456
Weighted average discount rate3.5 %3.1 %2.9 %

Supplemental cash flow information related to operating leases were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Cash payments for operating leases$56,010 $52,981 $49,803 
Right-of-use assets obtained in exchange for new operating lease liabilities$40,601 $34,717 $23,265 
Future lease payments under non-cancelable operating leases with initial lease terms in excess of one year included in the Company’s lease liabilities as of June 30, 2026 were as follows (in thousands):
Fiscal years:Operating Lease Payments
2027$56,148 
202851,985 
202942,186 
203018,527 
203119,078 
Thereafter87,443 
Total future operating lease payments275,367 
Less: imputed interest(32,017)
Total lease liability balance$243,350 
During fiscal year 2026, in addition to operating lease costs disclosed above, the Company recorded an impairment charge of $80.0 million in aggregate for operating lease right-of-use assets as a result of its facilities consolidation restructuring efforts. Refer to Note 14, “Restructuring,” for additional information.
The Company entered into an Agreement for Lease (the “AFL”) for the Australian HQ Property in March 2022. Following the completion of the development of the Australian HQ Property, the AFL requires the Company to enter into a lease agreement for the planned headquarters office space. The lease is expected to commence in fiscal year 2027 and will continue for fifteen years, with the Company’s option to extend the term for up to two additional ten-year periods. Future lease payments are approximately $959.8 million as of June 30, 2026, for the initial term of fifteen years. Please refer to Note 4, “Investments,” for details of the transaction.
v3.26.1
Debt
 12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Debt
11. Debt
Credit Facility
In August 2024, the Company’s principal U.S. operating subsidiary, Atlassian US, Inc., entered into an amended and restated credit agreement (the “2024 Credit Agreement”) which eliminated a term loan facility and provides for a $750 million senior unsecured revolving credit facility (the “2024 Credit Facility”). The 2024 Credit Agreement replaced the Company’s prior credit agreement entered into in October 2020 (“2020 Credit Agreement”) which provided for a $1 billion senior unsecured delayed-draw term loan facility (the “Term Loan”) and a $500 million senior unsecured revolving credit facility.
The 2024 Credit Facility bears interest, at the Company’s option, at a base rate or the Secured Overnight Financing Rate, plus, in each case, a spread of 0.875% to 1.50% per annum. In each case, the applicable margin will be determined by the consolidated leverage ratio of the Company and its subsidiaries, or, following the Company’s one time option, the Company’s credit rating. The Company may repay outstanding loans under the 2024 Credit Facility at any time, without premium or penalty, and the Company has the option to request an increase of $250 million in certain circumstances. The 2024 Credit Facility matures in August 2029. As of June 30, 2026, there were no borrowings under the 2024 Credit Facility.
The Company is also obligated to pay a commitment fee on the undrawn amounts of the 2024 Credit Facility at an annual rate ranging from 0.075% to 0.20%, determined by the Company’s consolidated leverage ratio, or, following the Company’s one time option, the Company’s credit rating.
The 2024 Credit Facility requires compliance with various financial and non-financial covenants, including affirmative and negative covenants. The financial covenants include a maximum consolidated leverage ratio of 3.5x, which increases to 4.5x during the period of four fiscal quarters immediately following a material acquisition. As of June 30, 2026, the Company was in compliance with all covenants associated with the 2024 Credit Facility.
Senior Notes
On May 15, 2024, the Company issued $500.0 million aggregate principal amount of 5.250% senior notes due 2029 (the “2029 Notes”) and $500.0 million aggregate principal amount of 5.500% senior notes due 2034 (the “2034 Notes,” and together with the 2029 Notes, the “Notes”). The Notes will mature on May 15, 2029, and May 15, 2034, respectively. The 2029 Notes bear interest at a rate of 5.250% per year. The 2034 Notes bear interest at a rate of 5.500% per year. Interest on the Notes is paid semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2024.
The Notes are senior unsecured obligations of the Company. The Company may redeem either series of the Notes, in whole or in part, at any time or from time to time at the applicable redemption price. Upon the occurrence of a change of control event, the Company will be required to make an offer to repurchase all outstanding notes from their holders at a price equal to 101% of their principal amount thereof, plus accrued and unpaid interest to, but not including, the date of repurchase. The indenture governing the Notes also includes covenants (including certain limited covenants restricting the Company’s ability to incur certain liens and enter into certain sale and leaseback transactions), events of default, and other customary provisions. As of June 30, 2026, the Company was in compliance with all covenants associated with the Notes.
The Company incurred debt discount and issuance costs of approximately $14.3 million in connection with the Notes offering, which were allocated on a pro rata basis to the 2029 Notes and 2034 Notes. The debt discount and issuance costs are amortized on an effective interest rate method to interest expense over the contractual term of the Notes. The proceeds from this offering, net of debt discounts and issuance costs, were $985.7 million. The net proceeds were used primarily to repay the Term Loan.
The components of the Notes were as follows (in thousands, except percentage data):
InstrumentExpected Remaining Term (years)Contractual Interest RateEffective Interest RateJune 30, 2026June 30, 2025
2029 Notes2.95.25 %5.55 %$500,000 $500,000 
2034 Notes7.95.50 %5.71 %500,000 500,000 
Unamortized debt discount and issuance costs(10,440)(12,316)
Long-term debt$989,560 $987,684 
The total estimated fair value of the Notes was approximately $1.00 billion and $1.03 billion as of June 30, 2026, and 2025, respectively. The estimated fair value of the Notes, which the Company deems Level 2 financial instruments, was determined based on quoted bid prices in an over-the-counter market on the last trading day of the reporting period.
v3.26.1
Commitment and Contingencies
 12 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
12. Commitments and Contingencies
Noncancellable Purchase Obligations
The Company has contractual commitments for services with third-parties related to its cloud services platform, marketing related contracts and other services. These commitments are non-cancellable with contractual terms ranging from two to seven years. There were no material contractual commitments that were entered into during fiscal year 2026 that were outside the ordinary course of business.
The following table sets forth contractual commitments as of June 30, 2026 and 2025 (in thousands):

Fiscal Year Ended June 30,
20262025
Contractual purchase obligations$3,735,049 $1,814,106 
Obligations for leases that have not yet commenced959,795 912,344 
Total purchase obligation$4,694,844 $2,726,450 
Maturities of purchase obligations as of June 30, 2026 were as follows (in thousands):
Other contractual
commitments		Leases not commencedTotal
Fiscal Years:
2027
$663,118 $27,961 $691,079 
2028680,631 49,052 729,683 
2029609,256 51,014 660,270 
2030577,647 53,054 630,701 
2031653,397 55,176 708,573 
Thereafter551,000 723,538 1,274,538 
Total commitments$3,735,049 $959,795 $4,694,844 
Please refer to Note 10, “Leases,” for discussion of lease commitments that the Company has entered but the leases have not yet commenced.
Legal Proceedings
From time to time, the Company is party to litigation and other legal proceedings in the ordinary course of business. While the Company does not believe the ultimate resolutions of these pending legal matters are likely to have a material adverse effect on the Company’s financial position, the results of any litigation or other legal proceedings are uncertain and as such the resolution of such legal proceedings, either individually or in the aggregate, could have a material adverse effect on its business, results of operations, financial condition or cash flows. The Company accrues for loss contingencies when it is both probable that it will incur the loss and when it can reasonably estimate the amount of the loss or range of loss. For the periods presented, the Company has not recorded any material liabilities as a result of the litigation or other legal proceedings in the consolidated financial statements.
Indemnification Provisions
The Company’s agreements include provisions indemnifying customers against intellectual property and other third-party claims. In addition, the Company has entered into indemnification agreements with its directors, executive officers, and certain other officers that will require the Company to, among other things, indemnify these individuals for certain liabilities that may arise as a result of their affiliation with the Company. For the periods presented, the Company has not incurred any costs as a result of such indemnification obligations and has not recorded any liabilities related to such obligations in the consolidated financial statements.
v3.26.1
Revenue
 12 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue
13. Revenue
Remaining Performance Obligations
The transaction price allocated to the remaining performance obligations represents contracted revenue that has not yet been recognized, which includes deferred revenue and unbilled amounts that will be recognized as revenue in future periods. Transaction price allocated to the remaining performance obligations is influenced by several factors, including the timing of renewals, the timing of delivery of software licenses, average contract terms, and foreign currency exchange rates. Unbilled portions of the remaining performance obligations are subject to future economic risks including bankruptcies, regulatory changes, and other market factors.
As of June 30, 2026, approximately $4.8 billion of revenue is expected to be recognized from transaction price allocated to remaining performance obligations. The Company expects to recognize revenue on approximately 65% of these remaining performance obligations over the next 12 months, with the balance recognized thereafter.
Disaggregated Revenue
The Company’s revenues by geographic region based on end-users who purchased the Company’s offerings were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Americas
United States$2,760,458 $2,182,073 $1,847,194 
Other Americas405,910 334,828 278,240 
Total Americas3,166,368 2,516,901 2,125,434 
EMEA
Germany692,300 539,550 442,063 
Other EMEA2,000,288 1,584,421 1,308,847 
Total EMEA2,692,588 2,123,971 1,750,910 
Asia Pacific713,352 574,432 482,259 
Total revenues$6,572,308 $5,215,304 $4,358,603 
The Company provides different deployment options for its offerings. Cloud offerings provide customers the right to use the Company’s software in a cloud-based infrastructure that the Company provides. Data Center offerings are on-premises term license agreements for the Company’s Data Center products, which are software licensed for a specified period, and include support and maintenance services that are bundled with the license for the term of the license period. Marketplace and other offerings mainly include fees received for sales of third-party apps in the Atlassian Marketplace and services like premier support, advisory services and training services. Premier support consists of subscription-based arrangements for a higher level of support across different deployment options, and revenues from this offering are included in Subscription revenues within the Company’s consolidated statements of operations.
In September 2025, the Company announced plans to end-of-life its Data Center offering. As of March 2026, the Company no longer sells term licenses to new customers, and the Company will stop selling term licenses and expansions to existing customers in March 2028. Subject to limited exceptions, the Company plans to end maintenance and support for its Data Center offerings in March 2029.
The Company’s revenues by deployment options are as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Cloud$4,410,627 $3,447,427 $2,698,899 
Data Center1,830,941 1,467,167 1,208,498 
Server— — 177,645 
Marketplace and other330,740 300,710 273,561 
Total revenues$6,572,308 $5,215,304 $4,358,603 
Contract Assets
The Company records a contract asset when revenue recognized on a contract exceeds the billings and the Company has an unconditional right to payment. Contract assets were $53.5 million and $3.3 million as of June 30, 2026 and 2025, respectively, and are included in prepaid expenses and other current assets in the Company’s Consolidated Balance Sheets.
Deferred Revenue
The Company records deferred revenues when cash payments are received or due in advance of the Company satisfying its performance obligations, including amounts that are refundable. The changes in the balances of deferred revenue were as follows (in thousands):
Fiscal Year Ended June 30,
20262025
Balance, beginning of period$2,481,254 $2,114,736 
Additions6,752,745 5,581,822 
Revenue(6,572,308)(5,215,304)
Balance, end of period$2,661,691 $2,481,254 
For fiscal years 2026 and 2025, approximately 32% and 34% of revenue recognized was from the deferred revenue balances at the beginning of each fiscal year, respectively.
Deferred Contract Acquisition Costs
The changes in the balances of deferred contract acquisition costs were as follows (in thousands):
Fiscal Year Ended June 30,
20262025
Balance, beginning of period$136,340 $79,711 
Additions135,116 96,869 
Amortization expense(68,099)(40,240)
Balance, end of period$203,357 $136,340 
Deferred contract acquisition costs included in:
Prepaid expenses and other current assets$76,003 $50,233 
Other non-current assets127,354 86,107 
Total$203,357 $136,340 
The Company periodically reviews these deferred contract acquisition costs to determine whether events or changes in circumstances have occurred that could impact the period of benefit. There were no impairment losses recorded during the periods presented.
v3.26.1
Restructuring
 12 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring
14. Restructuring
During the first quarter of fiscal year 2026, the Company initiated a restructuring plan to reduce capacity that was no longer necessary due to the increased ability, accessibility, performance, stability, and supportability of its products.
During the third quarter of fiscal year 2026, the Company initiated another restructuring plan to accelerate building the future of teamwork in the AI era. This includes self-funding further investment in key strategic priorities, such as AI and enterprise sales, reorganizing its teams to move with more focus and speed across the Atlassian System of Work, and optimizing for long-term operational efficiency and sustainability. This initiative resulted in the elimination of certain roles, which impacted approximately 10% of the Company’s workforce.
The execution of these actions, including cash payment of the severance and other termination benefits related liabilities, have been substantially satisfied as of June 30, 2026.
As a result, the Company recorded total severance and other termination benefits of $203.9 million, and additional stock-based compensation of $1.4 million for the affected employees during fiscal year 2026.
In addition, during fiscal year 2026, the Company exited certain leased properties to optimize its real estate footprint and has entered, or plans to enter, into sublease agreements for these locations. As a result, the Company recorded total impairment charges of $80.0 million associated with the optimization of its leased facilities, primarily for operating lease right-of-use assets and leasehold improvements for the fiscal year 2026. The fair values of the impaired assets were estimated using discounted cash flow models (income approach) based on market participant assumptions with Level 3 fair value inputs. The assumptions used in estimating fair value include the expected downtime prior to the commencement of future subleases, projected sublease income over the remaining lease periods, and discount rates that reflect the level of risk associated with receiving future cash flows.
A summary of the Company’s restructuring charges for fiscal year 2026, by major activity type was as follows (in thousands):
Severance and Other Termination BenefitsStock-based CompensationLease ConsolidationTotal
Cost of revenue$45,185 $1,432 $6,647 $53,264 
Research and development108,844 — 35,650 144,494 
Marketing and sales25,110 — 26,421 51,531 
General and administrative24,778 — 11,303 36,081 
Total$203,917 $1,432 $80,021 $285,370 
The following table is a summary of the changes in the liabilities, included within accrued expenses and other current liabilities on the consolidated balance sheets as of June 30, 2026, related to the restructuring charges (in thousands):
Severance and Other Termination BenefitsStock-based CompensationLease ConsolidationTotal
Charges$203,917 $1,432 $80,021 $285,370 
Payments(188,526)— (70)(188,596)
Non-cash items(446)(1,432)(79,951)(81,829)
Effect of change in exchange rates(2,094)— — (2,094)
Restructuring provision as of June 30, 2026
$12,851 $— $— $12,851 
v3.26.1
Geographic Information
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Geographic Information
15. Geographic Information
The Company’s long-lived assets by geographic regions are as follows (in thousands):
As of June 30,
20262025
United States$104,167 $168,841 
Australia60,602 54,073 
India25,044 34,909 
All other countries 10,548 16,422 
Total long-lived assets$200,361 $274,245 
Long-lived assets for this purpose consist of property and equipment, net and operating lease right-of-use assets.
v3.26.1
Stockholders’ Equity
 12 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders’ Equity
16. Stockholders’ Equity
Common Stock
As of June 30, 2026, the Company’s common stock consists of Class A Common Stock and Class B Common Stock, each of which has a par value of $0.00001. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock in the following circumstances: (1) upon the written consent of the holders of at least 66.66% of the total number of outstanding shares of Class B Common Stock; (2) if the aggregate number of shares of Class B Common Stock then outstanding comprises less than ten percent (10%) of the total number of shares of Class A Common Stock and Class B Common Stock then outstanding; and (3) upon any transfer to a person that is not a permitted transferee described in the Company’s amended and restated certificate of incorporation.
Any dividend declared by the Company must be paid on the Class A Common Stock and the Class B Common Stock pari passu as if they were all stock of the same class. Additionally, upon the liquidation, dissolution, or winding up of the Company, whether voluntary or involuntary, holders of Class A Common Stock and Class B Common Stock will be entitled to receive ratably on a per share basis all assets of the Company available for distribution to its stockholders, unless disparate or different treatment of the shares of each such class is approved by the affirmative vote of the holders of a majority of the outstanding shares of Class A Common Stock and by the affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, each voting separately as a class.
Each share of Class A Common Stock is entitled to one vote. Each share of Class B Common Stock is entitled to 10 votes.
Preferred Stock
The Company’s board of directors has the authority to issue up to 10 million shares of preferred stock in one or more series. The Company’s board of directors may designate the rights, preferences, privileges, and restrictions of the preferred stock, including voting rights, dividend rights, conversion rights, redemption privileges, and liquidation preferences, the right to elect directors to and increase or decrease the number of shares of any series. As of June 30, 2026 and 2025, no shares of preferred stock were outstanding.
Stock-based Compensation
The Company maintains the Atlassian Corporation Amended and Restated 2015 Share Incentive Plan (the “2015 Plan”), and the Atlassian Corporation Amended and Restated 2015 Employee Share Purchase Plan (the “ESPP” and, together with the 2015 Plan, the “Incentive Plans”). At June 30, 2026, the Company had 22,163,095 shares of its common stock available for future issuance under the 2015 Plan. The Company currently does not have common stock outstanding or open offering periods under the ESPP.
RSU grants generally vest evenly over four years on a quarterly basis.
A summary of RSU activity for fiscal year 2026 is as follows (in thousands except share and per share data):
Number of SharesWeighted Average Grant Date Fair ValueAggregate Intrinsic Value
Balance as of June 30, 202516,578,020$190.98 $3,366,830 
Granted20,012,718133.12 — 
Vested(8,208,180)184.85 972,609 
Forfeited or cancelled(6,075,673)157.80 — 
Balance as of June 30, 202622,306,885$149.21 $1,735,253 
The weighted-average grant date fair value of RSUs granted in fiscal years 2025 and 2024 was $179.10 and $199.66, respectively. The total intrinsic value of the RSUs vested in fiscal years 2025 and 2024 was $1.5 billion and $950.3 million, respectively. The income tax benefit recognized related to awards vested in fiscal years 2026, 2025 and 2024 were $235.2 million, $335.1 million, and $218.7 million, respectively. As of June 30, 2026, total compensation cost not yet recognized in the consolidated financial statements related to employee and director RSU awards was $2.5 billion, which is expected to be recognized over a weighted-average period of 2.7 years.
During fiscal year 2026, the Company granted RSAs for 1,353,312 shares of Class A Common Stock in connection with business combinations. During fiscal year 2025, the Company did not grant any RSAs. As of June 30, 2026 and 2025, there were RSAs for 1,355,510 and 90,083 shares of Class A Common Stock outstanding, respectively. These outstanding RSAs are subject to forfeiture following employee termination. The total aggregate intrinsic value of outstanding RSAs was $105.4 million and $18.3 million as of June 30, 2026 and 2025, respectively.
Of the total stock-based compensation expense, costs recognized for awards granted to non-employees were immaterial for all periods presented.
Share Repurchase Program
In September 2024, the Board of Directors authorized a program to repurchase up to $1.5 billion of the Company’s outstanding Class A Common Stock (the “2024 Repurchase Program”). The 2024 Repurchase Program commenced in April 2025 following completion of the previous repurchase program. The 2024 Repurchase Program was completed in March 2026.
In October 2025, the Board of Directors authorized a new program under which the Company may repurchase up to an additional $2.5 billion of the Company’s outstanding Class A Common Stock (the “2025 Repurchase Program.” The 2025 Repurchase Program commenced in March 2026 following completion of the 2024 Repurchase Program.
The 2025 Repurchase Program does not have a fixed expiration date, may be suspended or discontinued at any time, and does not obligate the Company to repurchase any specific dollar amount or to acquire any specific number of shares. The Company may repurchase shares of Class A Common Stock from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in accordance with applicable securities laws and other restrictions. The timing, manner, price, and amount of any repurchases will be determined by the Company at its discretion and will depend on a variety of factors, including business, economic, and market conditions, prevailing stock prices, corporate and regulatory requirements, and other considerations.
During fiscal year 2026, the Company repurchased and subsequently retired approximately 19.1 million shares of its Class A Common Stock for approximately $1.8 billion at an average price per share of $94.31. The 1% excise tax instituted by the Inflation Reduction Act is excluded in the total repurchase cost and average price paid. All repurchases were made in open market transactions. As of June 30, 2026, $1.9 billion of the Company’s Class A Common Stock remained available for repurchase under the 2025 Repurchase Program.
v3.26.1
Net Loss Per Share
 12 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Loss Per Share
17. Net Loss Per Share
The Company computes net loss per share of Class A and Class B Common Stock using the two-class method. As the liquidation and dividend rights for both Class A and Class B Common Stock are identical, the net loss is allocated on a proportionate basis to the weighted-average number of shares of common stock outstanding
for the period. Basic net loss per share attributable to Class A and Class B stockholders is computed by dividing the net loss by the weighted-average number of Class A and Class B Common Stock outstanding during the period.
For the calculation of diluted net loss per share, net loss for basic earnings per share is adjusted by the effect of dilutive securities, including awards under the Company’s equity compensation plans. The dilutive potential shares of common stock are computed using the treasury stock method or the as-if converted method, as applicable. Since the Company is in a loss position for all periods reported, basic and diluted net loss per share are the same for all periods as the inclusion of potential dilutive shares would have been anti-dilutive.
The following tables present the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data):
Fiscal Year Ended June 30,
202620252024
Class AClass BClass AClass BClass AClass B
Numerator:
Net Loss$(34,202)$(19,626)$(160,050)$(96,637)$(181,587)$(118,932)
Denominator:
Weighted-average shares outstanding, basic and diluted165,30894,855163,23098,557156,580102,553
Net loss per share, basic and diluted$(0.21)$(0.21)$(0.98)$(0.98)$(1.16)$(1.16)
The potential weighted average dilutive securities that were not included in the dilutive earnings per share calculation because the effect would be anti-dilutive were as follows (shares in thousands):
Fiscal Year Ended June 30,
202620252024
Class A Common Stock RSU awards16,7467,4238,320
Class A Common Stock restricted stock awards5542923
Total potentially dilutive securities17,3007,4528,343
v3.26.1
Income Taxes
 12 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes
18. Income Taxes
The components of income (loss) before provision for income taxes by U.S. and foreign jurisdictions consist of the following (in thousands):
Fiscal Year Ended June 30,
202620252024
Domestic$(71,814)$(137,403)$(139,687)
Foreign93,864 38,508 54,280 
Total$22,050 $(98,895)$(85,407)
The provision for income taxes consists of the following (in thousands):
Fiscal Year Ended June 30,
202620252024
Current:
Federal$1,270 $(1,249)$2,134 
State3,472 4,534 3,969 
Foreign94,225 149,908 209,002 
Total98,967 153,193 215,105 
Deferred:
Federal(22,681)927 (14,030)
State(1,333)1,814 3,680 
Foreign925 1,858 10,357 
Total(23,089)4,599 7 
Total provision for income taxes$75,878 $157,792 $215,112 
The Company adopted ASU 2023-09 on a prospective basis effective July 1, 2025. A reconciliation of the U.S. federal statutory rate to the Company’s effective tax rate for the fiscal year 2026 is as follows (in thousands):
Fiscal Year Ended June 30, 2026
AmountPercent
Tax at U.S. federal statutory rate$4,630 21 %
State, net of the federal benefit (1)
(3,774)(17)
Foreign tax effects:
Australia
Statutory tax rate difference between Australia and the U.S.(5,885)(27)
R&D incentive(8,651)(39)
Foreign tax credits(15,791)(72)
Stock-based compensation115,305 523 
Change in valuation allowance(79,820)(362)
Other5,248 24 
India
Statutory tax rate difference between India and the U.S.16,131 73 
Other1,193 5 
Brazil
Withholding taxes7,494 34 
Other foreign jurisdictions23,580 107 
Effects of cross border tax laws
Global intangible low-taxed income42,216 192 
Other(4,637)(21)
Tax credits
Research and development(38,700)(175)
Foreign tax credits(7,855)(36)
Non-taxable or non-deductible items
Stock-based compensation81,330 369 
Section 162(m) adjustment
5,871 27 
Basis difference in investments9,559 43 
Change in unrecognized tax benefits
34,860 158 
Change in valuation allowance(109,140)(495)
Other2,714 12 
Provision for income taxes
$75,878 344 %
(1) The state that contributed to the majority of the tax effect in this category was California.
A reconciliation between the effective income tax rate and the federal statutory income tax rate applied to the loss before income taxes for years prior to the adoption of ASU 2023-09 is as follows (in thousands):
Fiscal Year Ended June 30,
20252024
Tax at federal statutory rate$(20,768)$(17,935)
State, net of the federal benefit28,097 16,362 
Effects of non-U.S. operations7,332 (14,575)
Tax credits(233,946)(151,912)
Stock-based compensation94,305 123,719 
Non-deductible executive compensation10,462 6,721 
Australian R&D deductions forgone in lieu of R&D credit29,169 29,502 
Foreign taxes1,159 (131)
Basis difference in investments(34,562)14,615 
Change in reserves29,886 32,505 
Change in valuation allowance239,975 174,994 
Other6,683 1,247 
Provision for income taxes$157,792 $215,112 
Effective tax rate (%)(160)%(252)%
Income taxes paid, net of refunds received, for the fiscal year 2026 were as follows (in thousands):
Fiscal Year Ended June 30,
2026
Federal$(7,112)
State930 
Foreign
Australia90,592 
India36,077 
Netherlands11,261 
All other foreign28,958 
Income taxes, net of amounts refunded$160,706 
The following table sets forth significant components of the Company’s deferred tax assets and deferred tax liabilities (in thousands). Where necessary, a valuation allowance has been recognized to offset the Company’s deferred tax assets by the amount of any tax benefits that are not expected to be realized.
As of June 30,
20262025
Deferred tax assets:
Property and equipment$5,957 $11,028 
Loss carryforwards
645,268 615,687 
Credit carryforwards460,856 401,629 
Operating lease liabilities55,358 56,962 
Basis differences in investments1,900,521 2,040,203 
Provisions, accruals, and prepayments
69,336 66,735 
Deferred revenue242,151 317,761 
Capitalized research and development89,790 113,489 
Other1,197 571 
Total deferred tax assets3,470,434 3,624,065 
Less valuation allowance(3,383,071)(3,549,451)
Total deferred tax assets, net of valuation allowance87,363 74,614 
Deferred tax liabilities:
Unrealized investment gains3,233 4,163 
Operating right of use assets26,689 46,348 
Stock-based compensation1,355 7,205 
Intangible assets79,851 35,495 
Other— 1,522 
Total deferred tax liabilities111,128 94,733 
Net deferred tax liabilities$(23,765)$(20,119)
The Company recorded a valuation allowance of $3.4 billion, $3.5 billion and $3.3 billion as of June 30, 2026, 2025, and 2024, respectively, primarily relating to the basis difference of the U.S. investment in a wholly owned partnership, U.S. net operating loss and credit carryforwards, and the deferred revenue deferred tax assets.
The decrease in valuation allowance in fiscal year 2026 was primarily related to a decrease in the basis difference of the U.S. investment in a wholly owned partnership and the deferred revenue deferred tax assets. The decrease also reflected the release of valuation allowances on certain pre-existing U.S. deferred tax assets that became realizable as a result of deferred tax liabilities recognized in business combinations completed during the year.
The increase in valuation allowance in fiscal years 2025 and 2024 were primarily related to an increase in the basis difference of the U.S. investment in a wholly owned partnership and the deferred revenue deferred tax assets, offset by the utilization of U.S. federal and state net operating losses.
The Company regularly assesses the realizability of its deferred tax assets and establishes a valuation allowance if it is more likely than not that some or all of its deferred tax assets will not be realized. The Company evaluates and weighs all positive and negative evidence such as historic results, future reversals of deferred tax liabilities, projected future taxable income, as well as prudent and feasible tax planning strategies. The assessment requires significant judgment and is performed in each of the applicable jurisdictions. The Company intends to maintain a full valuation allowance on its federal deferred tax assets in the U.S. and Australia until there is sufficient positive evidence to support their reversal.
As of June 30, 2026, the Company had U.S. federal, state, and foreign net operating loss carryforwards of $663.4 million tax effected. Of the $566.0 million tax effected U.S. federal net operating loss carryforwards, $565.8 million may be carried forward indefinitely, and the remaining $0.2 million will begin to expire in 2032. The state net operating loss carryforwards of $97.1 million tax effected begin to expire in 2027. The foreign net operating loss carryforwards of $0.4 million may be carried forward indefinitely. As of June 30, 2026, the Company also had research and development U.S. federal and state tax credits of $277.9 million and $135.7 million, respectively, and U.S. federal foreign tax credits of $59.0 million. The U.S. federal research and development credits will begin
expiring in 2036 if not utilized, and the U.S. federal foreign tax credits will begin expiring in 2034. The state tax credit carryforwards do not expire except for the state research and development credits of Texas which will begin to expire in 2039.
Utilization of the Company’s US net operating loss and tax credit carryforwards may be subject to annual limitation due to the ownership change limitations provided by the Internal Revenue Code and similar state provisions. Such an annual limitation could result in the expiration of the net operating loss and tax credit carryforwards before utilization. As of June 30, 2026, the Company also had Polish R&D credits of $16.8 million, which will begin to expire in 2028.
On July 4, 2025, the U.S. government enacted The One Big Beautiful Bill Act which includes, among other provisions, changes to the U.S. corporate income tax system such as allowing of immediate expensing of qualifying domestic research and development expenses and permanent extensions of certain provisions within the Tax Cuts and Jobs Act. Certain provisions were effective for the Company beginning in fiscal year 2026. The changes did not have material impact on the Company’s provision for income taxes for the fiscal year 2026.
The Organization for Economic Co-operation and Development released Pillar Two model rules defining a 15% global minimum tax for multinational corporations. Many countries in which the Company operates, including the member states of the EU, have enacted Pillar Two. Based on enacted laws, Pillar Two has not materially impacted the Company’s effective tax rate or cash flows. New legislation or guidance could change the Company’s current assessment.
U.S. income tax has not been recognized on the excess of the amount for financial reporting over the tax basis of investment in foreign subsidiaries that is indefinitely reinvested outside the United States. Un-remitted earnings become taxable upon repatriation of assets from the subsidiary or a sale or liquidation of the subsidiary. The amount of such un-remitted earnings and the corresponding unrecognized deferred tax liability as of June 30, 2026 is not material.
The Company records a current income tax receivable when income tax payments made to a taxing authority exceed the income tax liability for that jurisdiction. Current income tax receivables were $68.0 million and $15.8 million as of June 30, 2026 and 2025, respectively, and are included in prepaid expenses and other current assets in the Company's Consolidated Balance Sheets.
The Company recognizes the tax benefit of an uncertain tax position only if it concludes it is more likely than not that the position is sustainable upon examination by the taxing authority, based on the technical merits. The tax benefit recognized is measured as the largest amount of benefit which is greater than 50 percent likely to be realized upon settlement with the taxing authority. A reconciliation of the beginning and ending balance of total unrecognized tax benefits is as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Beginning of the period$136,882 $104,453 $122,302 
Tax positions taken in prior period:
Gross increases— 105 10,887 
Gross decreases(5,302)(4,547)— 
Tax positions taken in current period:
Gross increases47,195 36,871 25,707 
Settlements— — (53,648)
Lapse of statute of limitations(29)— — 
Currency translation effect— — (795)
End of period$178,746 $136,882 $104,453 
As of June 30, 2026, 2025, and 2024, the Company had gross unrecognized tax benefits of approximately $14.8 million, $0.4 million, and $10.9 million, respectively, that would impact the effective tax rate if recognized.
The Company files income tax returns in the U.S. federal jurisdiction, various state jurisdictions, Australia, and in various other international jurisdictions. Tax years 2012 and forward generally remain open for examination for U.S. federal and state tax purposes. Tax years 2017 and forward generally remain open for examination for non-
U.S. tax purposes. To the extent utilized in future years’ tax returns, net operating loss carryforwards as of June 30, 2026, and 2025 will remain subject to examination until the respective tax year is closed.
There are differing interpretations of tax laws and regulations, and as a result, disputes may arise with tax authorities involving issues of the timing and amount of deductions and allocations of income among various tax jurisdictions. The Company believes that adequate amounts have been reserved for any adjustments that may ultimately result from these examinations.
The Company has not recognized any material interest and penalties related to unrecognized tax benefits in the income tax provision during fiscal years 2026, 2025, and 2024, respectively. As of June 30, 2026, 2025, and 2024, the accrual balances were also not material.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 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
Insider Trading Policies and Procedures
 12 Months Ended
Jun. 30, 2026
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.26.1
Cybersecurity Risk Management and Strategy Disclosure
 12 Months Ended
Jun. 30, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]
We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan.
We design and assess our program based on the National Institute of Standards and Technology Cybersecurity Framework (“NIST CSF”) and Secure Software Development Framework (“SSDF”). This does not imply that we meet any particular technical standards, specifications, or requirements; we use NIST CSF and SSDF as guides to help us identify, assess, and manage risks from cybersecurity threats relevant to our business.
Cybersecurity risks are incorporated into our overall enterprise risk management program. Our Chief Technology Officer – Enterprise, Chief Trust Officer (“CTrO”) reports to our Chief Executive Officer and oversees our trust and overarching security strategy. Our Chief Information Security Officer (“CISO”) reports to our CTrO and oversees the technical identification, assessment and management of cybersecurity risks relevant to our business.
Our cybersecurity risk management program includes, among other elements:
•Risk assessments designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise IT environment.
•A Security team, principally responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents.
•The use of external service providers, where appropriate, to assess, test, respond to or otherwise assist with aspects of our security controls, as well as maturity assessments of our cybersecurity program.
•Implementation of new hire and annual data privacy and cybersecurity training of all employees, including senior management; annual role-based training for employees in specific incident response roles, as well as for employees with specific access to systems, devices, or locations, and targeted cybersecurity incident simulation training held on a recurring basis.
•Incident response playbooks and standard operating procedures outlining procedures for detecting, responding to, and mitigating cybersecurity incidents. Depending on the nature and severity of an incident, responses may involve escalating notification to our Chief Executive Officer and our board of directors.
•Post-incident reviews are conducted for major incidents, and to determine steps that may be taken to mitigate identified risks and reduce the likelihood of reoccurrence.
•Internal policies designed to protect our systems and operations, including (1) a data classification and labelling standard to evaluate the confidentiality level of internal information, (2) a cloud continuity policy to address experience disruption for cloud customers, and (3) a business resilience policy to provide a framework for operations during and after disruption events.
•A third-party risk management process for service providers, suppliers, and vendors. Such service providers are subject to risk tiering, security risk assessments, and recurring reviews, as applicable. When third-party provider incidents occur, we assess their materiality to our operations and investigate accordingly.
•Atlassian holds the following compliance certifications/attestations: ISO 27001, ISO 27018, ISO 22301, SOC 1, SOC 2, HIPAA, IRAP, and BSI C5.
We describe whether and how risks from identified cybersecurity threats, including as a result of any previous cybersecurity incidents, whether individually or in the aggregate, have materially affected or are reasonably likely to materially affect us, our business, and our results of operations in Part I, Item 1A in this Annual Report on Form 10-K, which disclosures are incorporated by reference herein.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]
We have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, and availability of our critical systems and information. Our cybersecurity risk management program includes a cybersecurity incident response plan.
We design and assess our program based on the National Institute of Standards and Technology Cybersecurity Framework (“NIST CSF”) and Secure Software Development Framework (“SSDF”). This does not imply that we meet any particular technical standards, specifications, or requirements; we use NIST CSF and SSDF as guides to help us identify, assess, and manage risks from cybersecurity threats relevant to our business.
Cybersecurity risks are incorporated into our overall enterprise risk management program. Our Chief Technology Officer – Enterprise, Chief Trust Officer (“CTrO”) reports to our Chief Executive Officer and oversees our trust and overarching security strategy. Our Chief Information Security Officer (“CISO”) reports to our CTrO and oversees the technical identification, assessment and management of cybersecurity risks relevant to our business.
Our cybersecurity risk management program includes, among other elements:
•Risk assessments designed to help identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise IT environment.
•A Security team, principally responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents.
•The use of external service providers, where appropriate, to assess, test, respond to or otherwise assist with aspects of our security controls, as well as maturity assessments of our cybersecurity program.
•Implementation of new hire and annual data privacy and cybersecurity training of all employees, including senior management; annual role-based training for employees in specific incident response roles, as well as for employees with specific access to systems, devices, or locations, and targeted cybersecurity incident simulation training held on a recurring basis.
•Incident response playbooks and standard operating procedures outlining procedures for detecting, responding to, and mitigating cybersecurity incidents. Depending on the nature and severity of an incident, responses may involve escalating notification to our Chief Executive Officer and our board of directors.
•Post-incident reviews are conducted for major incidents, and to determine steps that may be taken to mitigate identified risks and reduce the likelihood of reoccurrence.
•Internal policies designed to protect our systems and operations, including (1) a data classification and labelling standard to evaluate the confidentiality level of internal information, (2) a cloud continuity policy to address experience disruption for cloud customers, and (3) a business resilience policy to provide a framework for operations during and after disruption events.
•A third-party risk management process for service providers, suppliers, and vendors. Such service providers are subject to risk tiering, security risk assessments, and recurring reviews, as applicable. When third-party provider incidents occur, we assess their materiality to our operations and investigate accordingly.
•Atlassian holds the following compliance certifications/attestations: ISO 27001, ISO 27018, ISO 22301, SOC 1, SOC 2, HIPAA, IRAP, and BSI C5.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]
Our board of directors considers cybersecurity risk as part of its risk oversight function and has delegated to its audit committee (the “Audit Committee”) oversight of cybersecurity and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management program, and it reports to the full board of directors regarding its activities, including those related to cybersecurity. Our CTrO and CISO provide updates on significant risks to the Audit Committee quarterly and also provide updates to the full board of directors at least biannually. Outside of regular meetings, depending on the nature and severity of an incident, our CTrO and CISO will also inform the Audit Committee, Chief Executive Officer, and the rest of the board of directors of significant cybersecurity incidents.
Our CTrO leads our Trust and Security organization, focusing on maintaining customer trust and overseeing the overall security posture of the company. The CTrO’s role involves managing cybersecurity risks and reviewing whether the company’s security practices align with customer expectations and industry standards. Our CISO leads our Security organization and is responsible for all security-related activities and controls at Atlassian. This includes defining the security strategy, developing, and enforcing security standards, and managing security technologies. The CISO also oversees security operations, incident response, and oversees compliance with applicable legal and regulatory requirements. Our CTrO has served in his role since October 2023 and has experience in the cybersecurity space, including previously serving as Chief Trust Officer of a large publicly-traded enterprise software company. Our CISO has served in his role since December 2024 and also has experience in cybersecurity, including serving as Chief Information Security Officer of a large publicly-traded enterprise software company. Our CTrO and CISO oversee our efforts to prevent, detect, mitigate, and remediate cybersecurity risks and incidents through various means, which may include briefings from internal personnel, threat intelligence, and other information obtained from governmental, public, or private sources, including external consultants engaged by us, and alerts and reports produced by security tools deployed in the IT environment.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] Our board of directors considers cybersecurity risk as part of its risk oversight function and has delegated to its audit committee (the “Audit Committee”) oversight of cybersecurity and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management program, and it reports to the full board of directors regarding its activities, including those related to cybersecurity.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]
Our board of directors considers cybersecurity risk as part of its risk oversight function and has delegated to its audit committee (the “Audit Committee”) oversight of cybersecurity and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management program, and it reports to the full board of directors regarding its activities, including those related to cybersecurity. Our CTrO and CISO provide updates on significant risks to the Audit Committee quarterly and also provide updates to the full board of directors at least biannually. Outside of regular meetings, depending on the nature and severity of an incident, our CTrO and CISO will also inform the Audit Committee, Chief Executive Officer, and the rest of the board of directors of significant cybersecurity incidents.
Cybersecurity Risk Role of Management [Text Block]
Within the Trust and Security organizations, we implement a structured approach to proactively manage cybersecurity risks. Our Security Governance, Risk and Compliance team monitors, assesses, and coordinates proactive identification and remediation efforts for cybersecurity risks impacting Atlassian. This team partners cross-functionally with others in the Security organization and individuals from our legal, internal audit, engineering, and product development teams. Our Security team includes individuals with experience across a broad range of cybersecurity areas, including, but not limited to: product security; cloud security; infrastructure security; security monitoring and incident response; identity and access management; vulnerability management; and governance, risk, and compliance.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] Our CTrO leads our Trust and Security organization, focusing on maintaining customer trust and overseeing the overall security posture of the company. The CTrO’s role involves managing cybersecurity risks and reviewing whether the company’s security practices align with customer expectations and industry standards. Our CISO leads our Security organization and is responsible for all security-related activities and controls at Atlassian. This includes defining the security strategy, developing, and enforcing security standards, and managing security technologies. The CISO also oversees security operations, incident response, and oversees compliance with applicable legal and regulatory requirements. Our CTrO has served in his role since October 2023 and has experience in the cybersecurity space, including previously serving as Chief Trust Officer of a large publicly-traded enterprise software company.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Our CISO has served in his role since December 2024 and also has experience in cybersecurity, including serving as Chief Information Security Officer of a large publicly-traded enterprise software company.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Audit Committee oversees management’s implementation of our cybersecurity risk management program, and it reports to the full board of directors regarding its activities, including those related to cybersecurity. Our CTrO and CISO provide updates on significant risks to the Audit Committee quarterly and also provide updates to the full board of directors at least biannually.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.26.1
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Basis of Preparation
The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). These principles are established primarily by the Financial Accounting Standards Board (“FASB”).
Principles of Consolidation
The accompanying consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates
The preparation of the consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions in the Company’s consolidated financial statements. These estimates are based on information available as of the date of the consolidated financial statements. Such management estimates and assumptions include, but are not limited to the determination of:
•the standalone selling price (“SSP”) of performance obligations for revenue contracts with multiple performance obligations;
•the fair value of assets acquired and liabilities assumed for business combinations;
•the recognition, measurement and valuation of current and deferred income taxes and uncertain tax positions.
Actual results could differ materially from these estimates.
Segment
The Company operates as a single operating segment and derives revenue primarily from fees earned from subscription-based arrangements for providing customers with software in a cloud-based-infrastructure that the Company provides, and from the sale of on-premises term license agreements.
An operating segment is defined as a component of an entity for which discrete financial information is available and whose results of operations are regularly reviewed by the chief operating decision maker (“CODM”). The Company has identified the CEO, Mike Cannon-Brookes, as the CODM. The CODM manages the Company using consolidated financial information. Further, the Company offers a connected portfolio of apps that are built on a single Atlassian platform and data model. Accordingly, the Company has determined it operates as a single operating and reportable segment.
The CODM uses consolidated net loss to allocate resources, including headcount, and make business investment decisions during the Company’s budgeting process. The CODM also uses consolidated net loss to assess performance by comparing the consolidated results to forecasts. Significant segment expenses are organized by function and are presented on the consolidated statements of operations. Other segment items
included in consolidated net loss are: other income and expense, net, interest income, interest expense, and the provision for income taxes, which are reflected in the consolidated statements of operations.
Foreign Currency
The Company’s consolidated financial statements are presented using the U.S. dollar, which is its reporting currency. The functional currency for certain of the Company’s foreign subsidiaries is the U.S. dollar, while others use local currencies. The Company translates the foreign functional currency financial statements to U.S. dollars for those entities that do not have the U.S. dollar as their functional currency using the exchange rates at the balance sheet date for assets and liabilities, the period average exchange rates for revenues and expenses, and the historical exchange rates for equity transactions. The effects of foreign currency translation adjustments are recorded in accumulated other comprehensive income in the Consolidated Statements of Comprehensive Loss. Foreign currency transaction gains and losses are included in other income (expense), net on the Consolidated Statements of Operations.
Revenue from Contracts with Customers And Recognition of Revenue
Policies, Estimates and Judgments
Revenues are generally recognized upon the transfer of control of promised products or services provided to customers, reflecting the amount of consideration the Company expects to receive for those products or services. The Company enters into contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of sales and other similar taxes collected from customers, which are subsequently remitted to governmental authorities.
Revenues are recognized upon the application of the following steps:
1.Identification of the contract or contracts with a customer;
2.Identification of the performance obligations in the contract;
3.Determination of the transaction price;
4.Allocation of the transaction price to the performance obligations in the contract; and
5.Recognition of revenue when, or as, the performance obligation is satisfied.
The timing of revenue recognition may differ from the timing of billing to its customers. The Company receives payments from customers based on a billing schedule as established in its contracts. Contract assets are recognized when performance is completed in advance of billings. Deferred revenue is recorded when billings are in advance of performance under the contract. The Company’s revenue arrangements include standard warranty provisions that the products and services will perform and operate in all material respects with the applicable published specifications, the financial impacts of which have historically been and are expected to continue to be insignificant. The Company’s contracts do not include a significant financing component.
Customer contracts often include promises to transfer multiple products and services to a customer.
The Company allocates the transaction price for each customer contract to each performance obligation based on the relative SSP for each distinct performance obligation. Judgment is required in determining the SSP for each distinct performance obligation. The Company typically determines an SSP range for its products and services, which is reassessed on a periodic basis or when facts and circumstances change. In most cases, the Company is able to determine SSP based on the observable prices of products or services sold separately. In instances where performance obligations do not have observable standalone sales, the Company utilizes available information that may include market conditions, pricing strategies, the life of the software, and other observable inputs to estimate the price that it would charge if the products and services were sold separately.
Revenue recognized from contracts with customers is disaggregated into categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The Company reports revenues in two categories: (i) subscription, (ii) other. In addition, revenue is presented by geographic region and deployment option in Note 13, “Revenue.”
Subscription Revenues
Subscription revenues consist primarily of fees earned from subscription-based arrangements for providing customers the right to use the Company’s software in a cloud-based-infrastructure that the Company provides. The Company also sells on-premises term license agreements for its Data Center offerings, which consist of software licensed for a specified period and include support and maintenance services that are bundled with the license for the term of the license period. Subscription revenues are driven primarily by the number and size of active licenses, the type of deployment, and the price of the licenses. For Cloud offerings, subscription revenue is recognized ratably as services are performed, commencing with the date the service is made available to customers. For Data Center offerings, the Company recognizes revenue upfront for the portion that relates to the delivery of the term license, and the revenue related to support is recognized ratably as the services are performed over the term of the arrangement.
In September 2025, the Company announced plans to end-of-life its Data Center offering. As of March 2026, the Company no longer sells term licenses to new customers, and will stop selling term licenses and expansions to existing customers in March 2028. Subject to limited exceptions, the Company plans to end maintenance and support for these on-premises versions of its products in March 2029.
Other Revenues
Other revenues primarily include fees received for sales of third-party apps in the Atlassian Marketplace. Advisory services and training services are also included in other revenues. Revenue from the sale of third-party apps via Atlassian Marketplace is recognized on the date of product delivery given that all of the Company’s obligations have been met at that time and on a net basis as the Company functions as the agent in the relationship. Revenue from advisory services is recognized over the time period that the customer has access to the service. Revenue from advisory and training is recognized over time as the services are performed.
Deferred Contract Acquisition Costs
Deferred contract acquisition costs are costs incurred to obtain a contract, if such costs are recoverable, and consist primarily of sales commissions and related payroll taxes. Incremental costs of obtaining a contract are earned on new and expansion contracts which are capitalized and amortized over the average period of benefit, which the Company estimates to be four years.
The Company determines the period of benefit for commissions paid for the acquisition of the customer contract by taking into consideration the initial estimated customer life, anticipated renewals, and the technological life of its software. The Company includes the deferred contract costs in prepaid expense and other current assets and other non-current assets on the Consolidated Balance Sheets and the amortization of deferred contract acquisition costs in marketing and sales expense on the Consolidated Statements of Operations.
Cash Cash Equivalents and Restricted Cash Cash and cash equivalents consist of highly liquid investments with an original maturity of three months or less at the date of purchase. Cash equivalents also include amounts due from third-party credit card processors as they are both short-term and highly liquid in nature and are typically converted to cash within three days of the sales transaction. Cash and cash equivalents are stated at fair value.
Accounts Receivable, net The Company records trade accounts receivable at the invoice value, and such receivables are non-interest bearing. The Company considers receivables past due based on the contractual payment terms. The Company makes estimates of expected credit and collectability trends based on an assessment of various factors including historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment that may affect the Company’s ability to collect from customers.
Fair Value Measurements
Fair value is defined as the exchange price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy prioritizes the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories of inputs:
•Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities;
•Level 2 - Observable inputs (other than Level 1 prices) such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities;
•Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or examination.
Marketable Securities
The Company classifies all marketable debt securities that have original stated maturities of greater than three months as marketable securities on its Consolidated Balance Sheets. The Company determines the appropriate classification of its investments in marketable debt securities at the time of purchase and reevaluates such designation at each balance sheet date. The Company has classified and accounted for its marketable debt securities as available-for-sale (“AFS”). After consideration of its risk versus reward objectives, as well as its liquidity requirements, the Company may sell these debt securities prior to their stated maturities. The Company considers all of its marketable securities as funds available for use in current operations, including those with maturity dates beyond one year, and therefore classifies these securities as current assets on the Consolidated Balance Sheets.
The Company evaluates AFS securities with unrealized loss positions for credit loss by assessing whether the decline in fair value below the amortized cost basis has resulted from a credit loss or other factors, whether the Company expects to recover the entire amortized cost basis of the security, its intent to sell and whether it is more likely than not that the Company will be required to sell the securities before the recovery of their amortized cost basis. The Company carries these securities at fair value, and reports the unrealized gains and losses, net of taxes, as a component of accumulated other comprehensive income except for the changes in allowance for expected credit losses, which are recorded in other income (expense), net. Realized gains and losses are determined based on the specific identification method and are reported in other income (expense), net on the Consolidated Statements of Operations.
Strategic Investments
The Company holds strategic investments in privately held debt and equity securities. Investments in privately held debt securities are classified as AFS securities. Investments in privately held equity securities without readily determinable fair values in which the Company does not own a controlling interest or have significant influence over are measured in accordance with the measurement alternative. In applying the measurement alternative, the carrying value of the investment is measured at cost, less impairment, if any, plus or minus changes resulting from observable price changes from orderly transactions for the identical or a similar investment of the same issuer in the period of occurrence. Changes to the carrying value of these investments are recorded through other income (expense), net on the Consolidated Statements of Operations.
In determining adjustments to the carrying value of its strategic investments in privately held companies, the Company uses the most recent data available to the Company. Valuations of privately held securities are inherently complex and the determination of whether an orderly transaction is for an identical or similar investment requires judgment. In its evaluation, the Company considers factors such as differences in the rights and preferences of the investments and the extent to which those differences would affect the fair values of those investments. The Company’s impairment analysis encompasses an assessment of both qualitative and quantitative factors, including the investee’s financial metrics, market acceptance of the investee’s product or technology, general market conditions, and liquidity considerations.
During fiscal year 2026, the Company held equity securities in publicly-traded entities for which the Company did not have a controlling interest. Investments in publicly traded equity securities were recorded at fair value with changes in the fair value of the investments recorded in other income (expense), net in the Consolidated Statements of Operations. The Company did not hold any publicly traded equity securities as of June 30, 2026.
Equity Method Investments
Privately held equity securities in which the Company does not have a controlling financial interest but does exercise significant influence over the investment are accounted for under the equity method. The Company records a proportionate share of the investment’s earnings or losses, and impairment, if any, as a component of other income (expense), net in the Consolidated Statements of Operations. These investments are included in strategic investments in the Consolidated Balance Sheets.
Variable Interest Entities For entities that meet the definition of a variable interest entity (“VIE”), the Company consolidates those entities when the Company is the primary beneficiary of the entity. The Company is determined to be the primary beneficiary when it possesses both the unilateral power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company continually evaluates whether it qualifies as the primary beneficiary and reconsiders its determination of whether an entity is a VIE upon reconsideration events.
Derivative Financial Instruments
The Company enters into foreign exchange forward contracts with the objective to mitigate certain currency risks associated with cost of revenues and operating expenses denominated in foreign currencies. These foreign exchange forward contracts are designated as cash flow hedges. The Company also enters into foreign exchange forward contracts to hedge a portion of certain foreign currency denominated as monetary assets and liabilities to reduce the risk that such foreign currency will be adversely affected by changes in exchange rates. The Company does not enter into derivative instrument transactions for trading or speculative purposes.
Hedging derivative instruments are recognized as either assets or liabilities and are measured at fair value. For derivative instruments designated as cash flow hedges, the gains (losses) on the derivatives are initially reported as a component of other comprehensive income and are subsequently recognized in earnings when the hedged exposure is recognized in earnings. For derivative instruments that are not designated as hedges, gains (losses) from changes in fair values are primarily recognized in other income (expense), net. The Company enters into master netting agreements with financial institutions to execute its hedging program. The master netting agreements are with select financial institutions to reduce the Company’s credit risk, as well as to reduce its concentration of risk with any single counterparty.
Property and Equipment
Property and equipment are stated at cost, net of accumulated depreciation. Depreciation is calculated using the straight-line method to allocate the cost over the estimated useful lives. The estimated useful lives for each asset class are as follows:
Equipment
3 years
Computer hardware and computer-related software
3 - 5 years
Furniture and fittings
5 years
Leasehold improvements
Shorter of the remaining lease term or 7 years
Leases
The Company determines if an arrangement is a lease at inception. The Company’s lease agreements generally contain lease and non-lease components. Payments under the Company’s lease arrangements are primarily fixed. Non-lease components primarily include payments for maintenance and utilities. The Company combines fixed payments for non-lease components with lease payments and accounts for them together as a single lease component, which increases the amount of its lease assets and liabilities.
Certain lease agreements contain variable payments, which are expensed as incurred and not included in the lease assets and liabilities. These amounts include payments affected by the Consumer Price Index and payments for maintenance and utilities.
Lease assets and liabilities are recognized at the present value of the future lease payments at the lease commencement date. The interest rate used to determine the present value of the future lease payments is the Company’s incremental borrowing rate, because the interest rate implicit in the Company’s leases is not readily determinable. The Company’s incremental borrowing rate is estimated to approximate the interest rate on a collateralized basis with similar terms and payments, and in economic environments where the leased asset is located. The Company’s lease terms include periods under options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. The Company generally uses the base, non-cancelable, lease term when determining the lease assets and liabilities. The Company reassesses the lease term if and when a significant event or change in circumstances occurs. Lease assets also include any prepaid lease payments and lease incentives. Operating lease expense (excluding variable lease costs) is recognized on a straight-line basis over the lease term.
The Company applies the short-term lease recognition exemption for short-term leases, which are leases with a lease term of 12 months or less. Payments associated with short-term leases are recognized on a straight-line basis over the lease term.
Business Combinations
The Company allocates the purchase price of acquired companies to the tangible and intangible assets acquired and liabilities assumed, based on their estimated fair values. The excess of the purchase price over the fair values of these identifiable assets and liabilities is recorded as goodwill. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred.
The Company uses its best estimates and assumptions to assign fair value to the tangible and intangible assets acquired and liabilities assumed at the acquisition date. Assumptions used to estimate the fair value of the intangible assets include, but are not limited to, projected revenue growth, projected operating expenses, and technology migration curves. These estimates are inherently uncertain and subject to refinement and, as a result, actual results may differ from estimates.
During the measurement period, which may not be later than one year from the acquisition date, the Company may record adjustments to the fair value of these tangible and intangible assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the fair value of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Consolidated Statements of Operations.
Intangible Assets
The Company acquires intangible assets separately or in connection with business combinations. Intangible assets are measured at cost initially. Intangible assets with finite lives are amortized over their estimated useful life using the straight-line method. The amortization expense on intangible assets is recognized in the Consolidated Statements of Operations in the expense category consistent with the function of the intangible asset.
Impairment of Long-Lived Assets
Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate an asset’s carrying value may not be recoverable. When the projected undiscounted cash flows estimated to be generated by those assets are less than their carrying amounts, the assets are adjusted to their estimated fair value and an impairment loss is recorded as a component of operating income (expense).
Goodwill
Goodwill is the excess of the aggregate of the consideration transferred over the identifiable assets acquired and liabilities assumed.
Goodwill is tested for impairment at least annually during the fourth quarter of the Company’s fiscal year and more often if and when circumstances indicate that the carrying value may be impaired. The Company’s reporting unit is at the operating segment level. The Company performs its goodwill impairment test at the level of its operating segment, as there are no levels below the operating segment level for which discrete financial information is prepared and regularly reviewed by the Company’s CODM. A qualitative assessment is performed to determine whether it is more likely than not that the fair value of its operating segment is less than its carrying amount. If the operating segment does not pass the qualitative assessment, the carrying amount of the operating segment, including goodwill, is compared to fair value and goodwill is considered impaired if the carrying value exceeds its fair value. Any excess is recognized as an impairment loss in the current period earnings.
Stock-based Compensation
The Company recognizes compensation expense related to all stock-based awards, including restricted stock units (“RSU”) and restricted stock awards (“RSA”) issued to the Company’s employees in exchange for their service, based on the estimated fair value of the awards on the grant date. The fair value of each RSU or RSA is based on the fair value of the Company’s Class A Common Stock on the date of grant.
The Company recognizes costs related to stock-based awards, net of estimated forfeitures, over the awards’ requisite service period on a straight-line basis, which is generally four years. The Company estimates forfeitures based on historical experience. The respective expenses are recognized as employee benefits and classified in the Consolidated Statements of Operations according to the activities that the employees perform.
Defined Contribution Plan The Company offers various defined contribution plans for its U.S. and non-U.S. employees. The Company matches a portion of employee contributions each pay period, subject to maximum aggregate matching amounts, or contributes based on local legislative rates for eligible employees.
Advertising Costs
Advertising costs are expensed as incurred as a component of marketing and sales expense in the Consolidated Statements of Operations. Advertising expense was $206.4 million, $153.1 million, and $100.2 million for fiscal years 2026, 2025, and 2024, respectively.
Research and Development
Research and development costs are expensed as incurred and consist of the employee, software, and hardware costs incurred for the development of new apps, AI agents and products, enhancements and updates of existing offerings and quality assurance activities. The costs incurred for the development of the Company’s cloud-based platform and internal use software are evaluated for capitalization during the development phase. The Company did not capitalize software development costs on its Consolidated Balance Sheet for the periods presented.
Concentration of Credit Risk and Significant Customers
Financial instruments potentially exposing the Company to credit risk consist primarily of cash, cash equivalents, accounts receivable, derivative contracts and investments. The Company holds cash at financial institutions that management believes are high credit, quality financial institutions and invests in investment grade securities rated A- and above and debt securities. The Company’s derivative contracts expose it to credit risk to the extent that the counterparties may be unable to meet the terms of the arrangement. The Company enters into master netting agreements with select financial institutions to reduce its credit risk and trades with several counterparties to reduce its concentration risk with any single counterparty. The Company does not have significant exposure to counterparty credit risk at this time. In addition, the Company does not require nor is required to post collateral of any kind related to any foreign currency derivatives.
Credit risk arising from accounts receivable is mitigated to a certain extent due to the Company’s large number of customers and their dispersion across various industries and geographies. The Company’s customer
base is highly diversified, thereby limiting credit risk. The Company manages credit risk with customers by closely monitoring its receivables and contract assets. The Company continuously monitors outstanding receivables locally to assess whether there is objective evidence that outstanding accounts receivables and contract assets are credit-impaired.
Income Taxes
The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities represent temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and their corresponding tax basis used in the computation of taxable income. The Company measures deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be reversed. The Company recognizes the effect on deferred tax assets and liabilities of a change in tax rates within the provision for income taxes as expense and income in the period that includes the enactment date. The Company accounts for the tax impact of including Global Intangible Low-Taxed Income in U.S. taxable income as a period cost. A valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized.
Changes in deferred tax assets or liabilities are recognized as a component of benefit from (provision for) income taxes in the Consolidated Statements of Operations, except where they relate to items that are recognized in other comprehensive income or directly in equity, in which case the related deferred tax is also recognized in other comprehensive income or equity, respectively. Where deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination.
Deferred tax assets are regularly evaluated for future realization and reduced by a valuation allowance to an amount for which realization is more likely than not. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing temporary differences, projected future taxable income, tax planning strategies, carry back potential if permitted under the tax law, and results of recent operations. Significant management judgment is required to determine the amount of deferred tax assets that can be recognized, based upon the likely timing and the amount of future taxable income, together with future tax-planning strategies. Assumptions about the generation of future taxable income depend on management’s estimates of future cash flows, future business expectations, capital expenditures, dividends, and other capital management transactions. Management judgment is also required in relation to the application of income tax legislation, which involves complexity and an element of uncertainty. In the event there is a change in the Company’s assessment of its ability to recover deferred tax assets, the income tax provision would be adjusted accordingly, resulting in a corresponding adjustment to the Consolidated Statements of Operations.
Uncertain tax positions are recorded in accordance with Accounting Standards Codification Topic 740 Income Taxes (“ASC 740”), Income Taxes. ASC 740 specifies a two-step process in which (1) the Company determines whether it’s more likely than not that tax positions will be sustained on the basis of the technical merits of the position, and (2) for those positions that meet the more-likely-than-not recognition threshold, the Company recognizes the largest amount of tax benefit that is more likely than not to be realized upon ultimate settlement with the related tax authority. The Company considers many factors when evaluating uncertain tax positions, which involve significant judgment and may require periodic reassessment. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of income tax expense.
Recently Adopted Accounting Pronouncements And New Accounting Standards Not Yet Adopted
In December 2023, the FASB issued Accounting Standards Update (“ASU”) No. 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. This ASU is effective for fiscal years beginning after December 15, 2024. The Company adopted ASU 2023-09 on a prospective basis effective July 1, 2025. Refer to Note 18, “Income Taxes” for further information.
In November 2024, the FASB issued ASU No. 2024-03 “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures.” This ASU requires disaggregated disclosure of income statement expenses for public entities. The ASU does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. This ASU is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements and disclosures.
In July 2025, the FASB issued ASU 2025-05 “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities,” which amends ASC 326-20 to provide a practical expedient and an accounting policy election (for all entities, other than public business entities that elect the practical expedient) related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606. This ASU is effective for fiscal years beginning after December 15, 2025, and early adoption is permitted. The Company is currently evaluating the impact of the new guidance and does not expect it to have a material impact on its consolidated financial statements.
In September 2025, the FASB issued ASU 2025-06 “Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software.” This ASU makes targeted improvements to modernize the accounting for internally developed software subject to ASC 350-40. This ASU is effective for fiscal years beginning after December 15, 2027, and early adoption is permitted. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements.
v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives The estimated useful lives for each asset class are as follows:
Equipment
3 years
Computer hardware and computer-related software
3 - 5 years
Furniture and fittings
5 years
Leasehold improvements
Shorter of the remaining lease term or 7 years
Property and equipment, net consisted of the following (in thousands):
As of June 30,
20262025
Equipment$16,270 $15,008 
Computer hardware and software73,057 58,559 
Furniture and fittings27,676 25,217 
Leasehold improvements and other125,604 154,113 
Property and equipment, gross242,607 252,897 
Less: accumulated depreciation(156,305)(147,779)
Property and equipment, net$86,302 $105,118 
Schedule of Estimated Useful Lives for Intangible Assets
The estimated useful lives for each intangible asset class are as follows:
Patents, trademarks, and other rights
3 - 12 years
Customer relationships
3 - 10 years
Acquired developed technology
3 - 7 years
Intangible assets consisted of the following as of June 30, 2026 (in thousands):
Gross Carrying AmountAccumulated AmortizationNet
Acquired developed technology$700,032 $(356,383)$343,649 
Patents, trade names, and other rights118,928 (50,555)68,373 
Customer relationships143,487 (123,251)20,236 
Total Intangible Assets$962,447 $(530,189)$432,258 
Intangible assets consisted of the following as of June 30, 2025 (in thousands):
Gross Carrying AmountAccumulated AmortizationNet
Acquired developed technology$466,932 $(278,525)$188,407 
Patents, trade names, and other rights70,928 (37,337)33,591 
Customer relationships135,687 (112,845)22,842 
Total Intangible Assets$673,547 $(428,707)$244,840 
The weighted-average remaining useful lives of the Company’s acquired intangible assets as of June 30, 2026 are as follows:
Weighted-Average Remaining Useful Lives (years)
Acquired developed technology4
Patents, trade names, and other rights4
Customer relationships3
v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2026, by level within the fair value hierarchy (in thousands):
Level 1Level 2Total
Assets measured at fair value
Cash and cash equivalents:
Money market funds$727,056 $— $727,056 
Derivative financial instruments— 17,506 17,506 
Total assets measured at fair value$727,056 $17,506 $744,562 
Liabilities measured at fair value
Derivative financial instruments$— $17,005 $17,005 
Total liabilities measured at fair value$— $17,005 $17,005 
The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2025, by level within the fair value hierarchy (in thousands):
Level 1Level 2Total
Assets measured at fair value
Cash and cash equivalents:
Money market funds$1,774,138 $— $1,774,138 
Corporate debt securities— 382 382 
Marketable securities:
U.S. treasury securities— 176,661 176,661 
Agency securities— 3,216 3,216 
Certificates of deposit and time deposits— 10,000 10,000 
Commercial paper— 19,697 19,697 
Corporate debt securities— 214,694 214,694 
Derivative financial instruments— 23,234 23,234 
Total assets measured at fair value$1,774,138 $447,884 $2,222,022 
Liabilities measured at fair value
Derivative financial instruments$— $2,445 $2,445 
Total liabilities measured at fair value$— $2,445 $2,445 
v3.26.1
Investments (Tables)
 12 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Available-for-Sale Securities Reconciliation
The Company’s investments of marketable securities as of June 30, 2025, consisted of the following (in thousands):
Amortized CostUnrealized GainsUnrealized LossesFair Value
Marketable debt securities
U.S. treasury securities$176,338 $388 $(65)$176,661 
Agency securities3,197 19 — 3,216 
Certificates of deposit and time deposits10,000 — — 10,000 
Commercial paper19,697 — — 19,697 
Corporate debt securities214,190 527 (23)214,694 
Total marketable securities$423,422 $934 $(88)$424,268 
Schedule of Investments Classified by Contractual Maturity Date
The table below summarizes the Company’s marketable securities by remaining contractual maturity as of June 30, 2025 (in thousands):
June 30, 2025
Due in one year or less$271,923 
Due in one year through five years152,345 
Total marketable debt investments$424,268 
Schedule of Strategic Investments
The Company’s investments of privately held debt securities as of June 30, 2026, consisted of the following (in thousands):
Amortized CostUnrealized GainsUnrealized LossesFair Value
Privately held debt securities$7,180 $— $(2,750)$4,430 
The Company’s investments of privately held debt securities as of June 30, 2025, consisted of the following (in thousands):
Amortized CostUnrealized GainsUnrealized LossesFair Value
Privately held debt securities$7,780 $— $(3,350)$4,430 
The carrying values of privately held equity securities as of June 30, 2026 are summarized below (in thousands):
Privately held equity securities
Initial total cost$145,802 
Cumulative net gains
7,034 
Carrying value$152,836 
The carrying values of privately held equity securities as of June 30, 2025 are summarized below (in thousands):
Privately held equity securities
Initial total cost$166,302 
Cumulative net losses(1,909)
Carrying value$164,393 
Schedule of Unrealized Gain (Loss) on Investments
The components of gains and losses on strategic investments were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Unrealized gains recognized on privately held equity securities$9,846 $1,549 $2,084 
Unrealized losses recognized on privately held equity securities including impairment(3,820)(967)(1,628)
Unrealized losses on privately held debt securities(250)— (500)
Unrealized gains (losses), net$5,776 $582 $(44)
Realized gains recognized on publicly traded equity securities
14,658 — 515 
Realized gains (losses) recognized on privately held equity securities1,367 (3,142)(2,546)
Realized gains on debt securities
228 — — 
Gains (losses) on strategic investments, net
$22,029 $(2,560)$(2,075)
Unrealized gains recognized during the reporting period on privately held equity securities still held at the reporting date
$6,026 $582 $456 
Schedule of Equity Method Investments
The following table sets forth the carrying amounts of the equity method investment and the movements during fiscal years 2025 and 2026 (in thousands):
Equity Method Investment
Balance as of June 30, 2024$74,510 
Share of losses(20,433)
Effect of change in exchange rates(958)
Balance as of June 30, 2025$53,119 
Effect of change in exchange rates2,762 
Balance as of June 30, 2026$55,881 
v3.26.1
Derivative Contracts (Tables)
 12 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The following table sets forth the notional amounts of the Company’s hedging derivative instruments as of June 30, 2026 (in thousands):
Notional Amounts of Derivative Instruments
Notional Amount by Term to MaturityClassification by Notional Amount
Under 12 monthsOver 12 monthsTotalCash Flow HedgeNon HedgeTotal
Forward contracts$1,030,684 $62,031$1,092,715$704,613$388,102 $1,092,715
The following table sets forth the notional amounts of the Company’s hedging derivative instruments as of June 30, 2025 (in thousands):
Notional Amounts of Derivative Instruments
Notional Amount by Term to MaturityClassification by Notional Amount
Under 12 monthsOver 12 monthsTotalCash Flow HedgeNon HedgeTotal
Forward contracts$1,064,280 $79,858$1,144,138$765,613$378,525 $1,144,138
Schedule of Fair Value of Derivative Instruments
The fair value of the Company’s derivative instruments were as follows (in thousands):
As of June 30,
Balance Sheet Location20262025
Derivative assets
Derivatives designated as hedging instruments:
Foreign exchange forward contractsPrepaid expenses and other current assets$17,110 $16,210 
Foreign exchange forward contractsOther non-current assets156 3,715 
Derivatives not designated as hedging instruments:
Foreign exchange forward contractsPrepaid expenses and other current assets240 3,309 
Total derivative assets$17,506 $23,234 
Derivative liabilities
Derivatives designated as hedging instruments:
Foreign exchange forward contractsAccrued expenses and other current liabilities$10,085 $2,409 
Foreign exchange forward contractsOther non-current liabilities988 — 
Derivatives not designated as hedging instruments:
Foreign exchange forward contractsAccrued expenses and other current liabilities5,932 36 
Total derivative liabilities$17,005 $2,445 
Schedule of Pre-Tax Effects of Derivatives Designated as Cash Flow Hedging Instruments
The pre-tax effects of derivatives designated as cash flow hedging instruments on the consolidated financial statements were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Beginning balance of accumulated gains in accumulated other comprehensive loss$24,679 $41,424 $48,170 
Gross unrealized gains (losses) recognized in other comprehensive loss7,877 (1,897)10,826 
Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive loss into profit or loss:
Recognized in cost of revenues43 1,447 1,072 
Recognized in research and development(12,840)7,194 7,718 
Recognized in marketing and sales(3,223)1,027 1,264 
Recognized in general and administrative(3,033)1,828 2,320 
Recognized in interest(7,163)(26,344)(29,946)
Ending balance of accumulated gains in accumulated other comprehensive loss$6,340 $24,679 $41,424 
v3.26.1
Property and Equipment (Tables)
 12 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Schedule of Property and Equipment, Net The estimated useful lives for each asset class are as follows:
Equipment
3 years
Computer hardware and computer-related software
3 - 5 years
Furniture and fittings
5 years
Leasehold improvements
Shorter of the remaining lease term or 7 years
Property and equipment, net consisted of the following (in thousands):
As of June 30,
20262025
Equipment$16,270 $15,008 
Computer hardware and software73,057 58,559 
Furniture and fittings27,676 25,217 
Leasehold improvements and other125,604 154,113 
Property and equipment, gross242,607 252,897 
Less: accumulated depreciation(156,305)(147,779)
Property and equipment, net$86,302 $105,118 
v3.26.1
Business Combinations (Tables)
 12 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Preliminary Fair Values of Assets Acquired and Liabilities
The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands):
Fair Value
Cash and cash equivalents$22,160 
Prepaid expenses and other current assets1,235 
Intangible assets, net91,000 
Goodwill376,885 
Accrued expenses and other current liabilities(2,102)
Deferred tax liabilities(832)
Net assets acquired$488,346 
The following table summarizes the preliminary fair values of assets acquired and liabilities assumed as of the date of acquisition (in thousands):
Fair Value
Cash and cash equivalents$27,910 
Accounts Receivable6,529 
Other non-current assets9,929 
Intangible assets, net182,800 
Goodwill557,439 
Accrued expenses and other current liabilities(1,706)
Deferred revenue, current(25,482)
Deferred tax liabilities(26,865)
Other non-current liabilities(10,192)
Net assets acquired$720,362 
Schedule of Components of Identifiable Intangible Assets Acquired and Estimated Useful Lives
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for useful life):
Fair ValueUseful Life (years)
Developed Technology$80,000 3
Trade Name11,000 3
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for useful life):
Fair ValueUseful Life (years)
Developed Technology$138,000 5
Trade Name37,000 5
Customer Relationships4,800 5
Backlog3,000 3
v3.26.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Goodwill
Goodwill consisted of the following (in thousands):
Goodwill
Balance as of June 30, 2024$1,288,756 
Additions14,022 
Effect of change in exchange rates1,667 
Balance as of June 30, 20251,304,445 
Additions999,340 
Effect of change in exchange rates(1,046)
Balance as of June 30, 2026$2,302,739 
Schedule of Finite-Lived Intangible Assets
The estimated useful lives for each intangible asset class are as follows:
Patents, trademarks, and other rights
3 - 12 years
Customer relationships
3 - 10 years
Acquired developed technology
3 - 7 years
Intangible assets consisted of the following as of June 30, 2026 (in thousands):
Gross Carrying AmountAccumulated AmortizationNet
Acquired developed technology$700,032 $(356,383)$343,649 
Patents, trade names, and other rights118,928 (50,555)68,373 
Customer relationships143,487 (123,251)20,236 
Total Intangible Assets$962,447 $(530,189)$432,258 
Intangible assets consisted of the following as of June 30, 2025 (in thousands):
Gross Carrying AmountAccumulated AmortizationNet
Acquired developed technology$466,932 $(278,525)$188,407 
Patents, trade names, and other rights70,928 (37,337)33,591 
Customer relationships135,687 (112,845)22,842 
Total Intangible Assets$673,547 $(428,707)$244,840 
The weighted-average remaining useful lives of the Company’s acquired intangible assets as of June 30, 2026 are as follows:
Weighted-Average Remaining Useful Lives (years)
Acquired developed technology4
Patents, trade names, and other rights4
Customer relationships3
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The following table presents the estimated future amortization expense related to intangible assets held as of June 30, 2026 (in thousands):
Fiscal Years:
2027$120,007 
2028117,244 
202987,814 
203073,839 
203131,108 
Thereafter2,246 
Total future amortization expense$432,258 
v3.26.1
Accrued Expenses and Other Current Liabilities (Tables)
 12 Months Ended
Jun. 30, 2026
Other Liabilities Disclosure [Abstract]  
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):
As of June 30,
20262025
Accrued expenses$198,206 $180,197 
Employee benefits468,473 422,986 
Customer deposits19,185 16,396 
Tax liabilities17,429 36,726 
Derivative liabilities16,017 2,445 
Other payables45,269 22,851 
Total accrued expenses and other current liabilities$764,579 $681,601 
v3.26.1
Leases (Tables)
 12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Lease, Cost
The components of lease costs and other information related to leases were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Operating lease costs
$38,681 $43,720 $41,426 
Variable lease costs17,200 14,781 11,908 
Total lease costs$55,881 $58,501 $53,334 
Weighted average remaining lease term (in years)456
Weighted average discount rate3.5 %3.1 %2.9 %

Supplemental cash flow information related to operating leases were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Cash payments for operating leases$56,010 $52,981 $49,803 
Right-of-use assets obtained in exchange for new operating lease liabilities$40,601 $34,717 $23,265 
Schedule of Lessee, Operating Lease, Liability, Maturity
Future lease payments under non-cancelable operating leases with initial lease terms in excess of one year included in the Company’s lease liabilities as of June 30, 2026 were as follows (in thousands):
Fiscal years:Operating Lease Payments
2027$56,148 
202851,985 
202942,186 
203018,527 
203119,078 
Thereafter87,443 
Total future operating lease payments275,367 
Less: imputed interest(32,017)
Total lease liability balance$243,350 
v3.26.1
Debt (Tables)
 12 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The components of the Notes were as follows (in thousands, except percentage data):
InstrumentExpected Remaining Term (years)Contractual Interest RateEffective Interest RateJune 30, 2026June 30, 2025
2029 Notes2.95.25 %5.55 %$500,000 $500,000 
2034 Notes7.95.50 %5.71 %500,000 500,000 
Unamortized debt discount and issuance costs(10,440)(12,316)
Long-term debt$989,560 $987,684 
v3.26.1
Commitment and Contingencies (Tables)
 12 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Contractual Commitments
The following table sets forth contractual commitments as of June 30, 2026 and 2025 (in thousands):

Fiscal Year Ended June 30,
20262025
Contractual purchase obligations$3,735,049 $1,814,106 
Obligations for leases that have not yet commenced959,795 912,344 
Total purchase obligation$4,694,844 $2,726,450 
Schedule of Contractual Obligation, Fiscal Year Maturity
Maturities of purchase obligations as of June 30, 2026 were as follows (in thousands):
Other contractual
commitments		Leases not commencedTotal
Fiscal Years:
2027
$663,118 $27,961 $691,079 
2028680,631 49,052 729,683 
2029609,256 51,014 660,270 
2030577,647 53,054 630,701 
2031653,397 55,176 708,573 
Thereafter551,000 723,538 1,274,538 
Total commitments$3,735,049 $959,795 $4,694,844 
v3.26.1
Revenue (Tables)
 12 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue from External Customers by Geographic Areas
The Company’s revenues by geographic region based on end-users who purchased the Company’s offerings were as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Americas
United States$2,760,458 $2,182,073 $1,847,194 
Other Americas405,910 334,828 278,240 
Total Americas3,166,368 2,516,901 2,125,434 
EMEA
Germany692,300 539,550 442,063 
Other EMEA2,000,288 1,584,421 1,308,847 
Total EMEA2,692,588 2,123,971 1,750,910 
Asia Pacific713,352 574,432 482,259 
Total revenues$6,572,308 $5,215,304 $4,358,603 
Schedule of Revenue from External Customers by Products and Services
The Company’s revenues by deployment options are as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Cloud$4,410,627 $3,447,427 $2,698,899 
Data Center1,830,941 1,467,167 1,208,498 
Server— — 177,645 
Marketplace and other330,740 300,710 273,561 
Total revenues$6,572,308 $5,215,304 $4,358,603 
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable The changes in the balances of deferred revenue were as follows (in thousands):
Fiscal Year Ended June 30,
20262025
Balance, beginning of period$2,481,254 $2,114,736 
Additions6,752,745 5,581,822 
Revenue(6,572,308)(5,215,304)
Balance, end of period$2,661,691 $2,481,254 
Schedule of Capitalized Contract Cost
The changes in the balances of deferred contract acquisition costs were as follows (in thousands):
Fiscal Year Ended June 30,
20262025
Balance, beginning of period$136,340 $79,711 
Additions135,116 96,869 
Amortization expense(68,099)(40,240)
Balance, end of period$203,357 $136,340 
Deferred contract acquisition costs included in:
Prepaid expenses and other current assets$76,003 $50,233 
Other non-current assets127,354 86,107 
Total$203,357 $136,340 
v3.26.1
Restructuring (Tables)
 12 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges
A summary of the Company’s restructuring charges for fiscal year 2026, by major activity type was as follows (in thousands):
Severance and Other Termination BenefitsStock-based CompensationLease ConsolidationTotal
Cost of revenue$45,185 $1,432 $6,647 $53,264 
Research and development108,844 — 35,650 144,494 
Marketing and sales25,110 — 26,421 51,531 
General and administrative24,778 — 11,303 36,081 
Total$203,917 $1,432 $80,021 $285,370 
Schedule of Changes in Liabilities
The following table is a summary of the changes in the liabilities, included within accrued expenses and other current liabilities on the consolidated balance sheets as of June 30, 2026, related to the restructuring charges (in thousands):
Severance and Other Termination BenefitsStock-based CompensationLease ConsolidationTotal
Charges$203,917 $1,432 $80,021 $285,370 
Payments(188,526)— (70)(188,596)
Non-cash items(446)(1,432)(79,951)(81,829)
Effect of change in exchange rates(2,094)— — (2,094)
Restructuring provision as of June 30, 2026
$12,851 $— $— $12,851 
v3.26.1
Geographic Information (Tables)
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Long-Lived Assets by Geographic Areas
The Company’s long-lived assets by geographic regions are as follows (in thousands):
As of June 30,
20262025
United States$104,167 $168,841 
Australia60,602 54,073 
India25,044 34,909 
All other countries 10,548 16,422 
Total long-lived assets$200,361 $274,245 
v3.26.1
Stockholders’ Equity (Tables)
 12 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Unvested Restricted Stock Units Roll Forward
A summary of RSU activity for fiscal year 2026 is as follows (in thousands except share and per share data):
Number of SharesWeighted Average Grant Date Fair ValueAggregate Intrinsic Value
Balance as of June 30, 202516,578,020$190.98 $3,366,830 
Granted20,012,718133.12 — 
Vested(8,208,180)184.85 972,609 
Forfeited or cancelled(6,075,673)157.80 — 
Balance as of June 30, 202622,306,885$149.21 $1,735,253 
v3.26.1
Net Loss Per Share (Tables)
 12 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Loss Per Share
The following tables present the calculation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data):
Fiscal Year Ended June 30,
202620252024
Class AClass BClass AClass BClass AClass B
Numerator:
Net Loss$(34,202)$(19,626)$(160,050)$(96,637)$(181,587)$(118,932)
Denominator:
Weighted-average shares outstanding, basic and diluted165,30894,855163,23098,557156,580102,553
Net loss per share, basic and diluted$(0.21)$(0.21)$(0.98)$(0.98)$(1.16)$(1.16)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The potential weighted average dilutive securities that were not included in the dilutive earnings per share calculation because the effect would be anti-dilutive were as follows (shares in thousands):
Fiscal Year Ended June 30,
202620252024
Class A Common Stock RSU awards16,7467,4238,320
Class A Common Stock restricted stock awards5542923
Total potentially dilutive securities17,3007,4528,343
v3.26.1
Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income (loss) before Income Tax, Domestic and Foreign
The components of income (loss) before provision for income taxes by U.S. and foreign jurisdictions consist of the following (in thousands):
Fiscal Year Ended June 30,
202620252024
Domestic$(71,814)$(137,403)$(139,687)
Foreign93,864 38,508 54,280 
Total$22,050 $(98,895)$(85,407)
Schedule of Components of Income Tax Expense (Benefit)
The provision for income taxes consists of the following (in thousands):
Fiscal Year Ended June 30,
202620252024
Current:
Federal$1,270 $(1,249)$2,134 
State3,472 4,534 3,969 
Foreign94,225 149,908 209,002 
Total98,967 153,193 215,105 
Deferred:
Federal(22,681)927 (14,030)
State(1,333)1,814 3,680 
Foreign925 1,858 10,357 
Total(23,089)4,599 7 
Total provision for income taxes$75,878 $157,792 $215,112 
Schedule of Effective Income Tax Rate Reconciliation
The Company adopted ASU 2023-09 on a prospective basis effective July 1, 2025. A reconciliation of the U.S. federal statutory rate to the Company’s effective tax rate for the fiscal year 2026 is as follows (in thousands):
Fiscal Year Ended June 30, 2026
AmountPercent
Tax at U.S. federal statutory rate$4,630 21 %
State, net of the federal benefit (1)
(3,774)(17)
Foreign tax effects:
Australia
Statutory tax rate difference between Australia and the U.S.(5,885)(27)
R&D incentive(8,651)(39)
Foreign tax credits(15,791)(72)
Stock-based compensation115,305 523 
Change in valuation allowance(79,820)(362)
Other5,248 24 
India
Statutory tax rate difference between India and the U.S.16,131 73 
Other1,193 5 
Brazil
Withholding taxes7,494 34 
Other foreign jurisdictions23,580 107 
Effects of cross border tax laws
Global intangible low-taxed income42,216 192 
Other(4,637)(21)
Tax credits
Research and development(38,700)(175)
Foreign tax credits(7,855)(36)
Non-taxable or non-deductible items
Stock-based compensation81,330 369 
Section 162(m) adjustment
5,871 27 
Basis difference in investments9,559 43 
Change in unrecognized tax benefits
34,860 158 
Change in valuation allowance(109,140)(495)
Other2,714 12 
Provision for income taxes
$75,878 344 %
(1) The state that contributed to the majority of the tax effect in this category was California.
A reconciliation between the effective income tax rate and the federal statutory income tax rate applied to the loss before income taxes for years prior to the adoption of ASU 2023-09 is as follows (in thousands):
Fiscal Year Ended June 30,
20252024
Tax at federal statutory rate$(20,768)$(17,935)
State, net of the federal benefit28,097 16,362 
Effects of non-U.S. operations7,332 (14,575)
Tax credits(233,946)(151,912)
Stock-based compensation94,305 123,719 
Non-deductible executive compensation10,462 6,721 
Australian R&D deductions forgone in lieu of R&D credit29,169 29,502 
Foreign taxes1,159 (131)
Basis difference in investments(34,562)14,615 
Change in reserves29,886 32,505 
Change in valuation allowance239,975 174,994 
Other6,683 1,247 
Provision for income taxes$157,792 $215,112 
Effective tax rate (%)(160)%(252)%
Schedule of Cash Paid for Income Taxes
Income taxes paid, net of refunds received, for the fiscal year 2026 were as follows (in thousands):
Fiscal Year Ended June 30,
2026
Federal$(7,112)
State930 
Foreign
Australia90,592 
India36,077 
Netherlands11,261 
All other foreign28,958 
Income taxes, net of amounts refunded$160,706 
Schedule of Deferred Tax Assets and Liabilities
The following table sets forth significant components of the Company’s deferred tax assets and deferred tax liabilities (in thousands). Where necessary, a valuation allowance has been recognized to offset the Company’s deferred tax assets by the amount of any tax benefits that are not expected to be realized.
As of June 30,
20262025
Deferred tax assets:
Property and equipment$5,957 $11,028 
Loss carryforwards
645,268 615,687 
Credit carryforwards460,856 401,629 
Operating lease liabilities55,358 56,962 
Basis differences in investments1,900,521 2,040,203 
Provisions, accruals, and prepayments
69,336 66,735 
Deferred revenue242,151 317,761 
Capitalized research and development89,790 113,489 
Other1,197 571 
Total deferred tax assets3,470,434 3,624,065 
Less valuation allowance(3,383,071)(3,549,451)
Total deferred tax assets, net of valuation allowance87,363 74,614 
Deferred tax liabilities:
Unrealized investment gains3,233 4,163 
Operating right of use assets26,689 46,348 
Stock-based compensation1,355 7,205 
Intangible assets79,851 35,495 
Other— 1,522 
Total deferred tax liabilities111,128 94,733 
Net deferred tax liabilities$(23,765)$(20,119)
Schedule of Unrecognized Tax Benefits A reconciliation of the beginning and ending balance of total unrecognized tax benefits is as follows (in thousands):
Fiscal Year Ended June 30,
202620252024
Beginning of the period$136,882 $104,453 $122,302 
Tax positions taken in prior period:
Gross increases— 105 10,887 
Gross decreases(5,302)(4,547)— 
Tax positions taken in current period:
Gross increases47,195 36,871 25,707 
Settlements— — (53,648)
Lapse of statute of limitations(29)— — 
Currency translation effect— — (795)
End of period$178,746 $136,882 $104,453 
v3.26.1
Summary of Significant Accounting Policies - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Product Information [Line Items]      
Average period of benefit 4 years    
Restricted cash included in other non-current assets $ 9,774 $ 888 $ 1,192
Defined contribution plan expense 137,300 114,500 96,300
Advertising expense $ 206,400 $ 153,100 $ 100,200
Class A Common Stock RSU awards      
Product Information [Line Items]      
Cost not yet recognized, period for recognition 4 years    
Class A Common Stock restricted stock awards      
Product Information [Line Items]      
Cost not yet recognized, period for recognition 4 years    
v3.26.1
Summary of Significant Accounting Policies - Property and Equipment, Estimated Useful Lives (Details)
Jun. 30, 2026
Equipment  
Property, Plant, and Equipment [Line Items]  
Estimated useful lives 3 years
Computer hardware and computer-related software | Minimum  
Property, Plant, and Equipment [Line Items]  
Estimated useful lives 3 years
Computer hardware and computer-related software | Maximum  
Property, Plant, and Equipment [Line Items]  
Estimated useful lives 5 years
Furniture and fittings  
Property, Plant, and Equipment [Line Items]  
Estimated useful lives 5 years
Leasehold improvements  
Property, Plant, and Equipment [Line Items]  
Estimated useful lives 7 years
v3.26.1
Summary of Significant Accounting Policies - Estimated Useful Lives for Intangible Asset Classes (Details)
Jun. 30, 2026
Minimum | Patents, trademarks, and other rights  
Intangible Asset, Finite-Lived [Line Items]  
Weighted-Average Remaining Useful Lives (Years) 3 years
Minimum | Customer relationships  
Intangible Asset, Finite-Lived [Line Items]  
Weighted-Average Remaining Useful Lives (Years) 3 years
Minimum | Acquired developed technology  
Intangible Asset, Finite-Lived [Line Items]  
Weighted-Average Remaining Useful Lives (Years) 3 years
Maximum | Patents, trademarks, and other rights  
Intangible Asset, Finite-Lived [Line Items]  
Weighted-Average Remaining Useful Lives (Years) 12 years
Maximum | Customer relationships  
Intangible Asset, Finite-Lived [Line Items]  
Weighted-Average Remaining Useful Lives (Years) 10 years
Maximum | Acquired developed technology  
Intangible Asset, Finite-Lived [Line Items]  
Weighted-Average Remaining Useful Lives (Years) 7 years
v3.26.1
Fair Value Measurements - Financial assets and liabilities measured at fair value (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Assets measured at fair value    
Derivative financial instruments $ 17,506 $ 23,234
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration] Prepaid expenses and other current assets Prepaid expenses and other current assets
Total assets measured at fair value $ 744,562 $ 2,222,022
Liabilities measured at fair value    
Derivative financial instruments $ 17,005 $ 2,445
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued Liabilities, Current Accrued Liabilities, Current
Total liabilities measured at fair value $ 17,005 $ 2,445
U.S. treasury securities    
Assets measured at fair value    
Marketable securities:   176,661
Agency securities    
Assets measured at fair value    
Marketable securities:   3,216
Certificates of deposit and time deposits    
Assets measured at fair value    
Marketable securities:   10,000
Commercial paper    
Assets measured at fair value    
Marketable securities:   19,697
Corporate debt securities    
Assets measured at fair value    
Marketable securities:   214,694
Level 1    
Assets measured at fair value    
Derivative financial instruments 0 0
Total assets measured at fair value 727,056 1,774,138
Liabilities measured at fair value    
Derivative financial instruments 0 0
Total liabilities measured at fair value 0 0
Level 1 | U.S. treasury securities    
Assets measured at fair value    
Marketable securities:   0
Level 1 | Agency securities    
Assets measured at fair value    
Marketable securities:   0
Level 1 | Certificates of deposit and time deposits    
Assets measured at fair value    
Marketable securities:   0
Level 1 | Commercial paper    
Assets measured at fair value    
Marketable securities:   0
Level 1 | Corporate debt securities    
Assets measured at fair value    
Marketable securities:   0
Level 2    
Assets measured at fair value    
Derivative financial instruments 17,506 23,234
Total assets measured at fair value 17,506 447,884
Liabilities measured at fair value    
Derivative financial instruments 17,005 2,445
Total liabilities measured at fair value 17,005 2,445
Level 2 | U.S. treasury securities    
Assets measured at fair value    
Marketable securities:   176,661
Level 2 | Agency securities    
Assets measured at fair value    
Marketable securities:   3,216
Level 2 | Certificates of deposit and time deposits    
Assets measured at fair value    
Marketable securities:   10,000
Level 2 | Commercial paper    
Assets measured at fair value    
Marketable securities:   19,697
Level 2 | Corporate debt securities    
Assets measured at fair value    
Marketable securities:   214,694
Money market funds    
Assets measured at fair value    
Cash and cash equivalents: 727,056 1,774,138
Money market funds | Level 1    
Assets measured at fair value    
Cash and cash equivalents: 727,056 1,774,138
Money market funds | Level 2    
Assets measured at fair value    
Cash and cash equivalents: $ 0 0
Corporate debt securities    
Assets measured at fair value    
Cash and cash equivalents:   382
Corporate debt securities | Level 1    
Assets measured at fair value    
Cash and cash equivalents:   0
Corporate debt securities | Level 2    
Assets measured at fair value    
Cash and cash equivalents:   $ 382
v3.26.1
Fair Value Measurements - Additional Information (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Jun. 30, 2025
Fair Value Disclosures [Abstract]    
Equity securities without readily determinable fair value and other investments $ 157.3 $ 168.8
v3.26.1
Investments - Schedule of Marketable Securities (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
U.S. treasury securities    
Debt and Equity Securities, FV-NI [Line Items]    
Amortized Cost   $ 176,338
Unrealized Gains   388
Unrealized Losses   (65)
Fair Value   176,661
Agency securities    
Debt and Equity Securities, FV-NI [Line Items]    
Amortized Cost   3,197
Unrealized Gains   19
Unrealized Losses   0
Fair Value   3,216
Certificates of deposit and time deposits    
Debt and Equity Securities, FV-NI [Line Items]    
Amortized Cost   10,000
Unrealized Gains   0
Unrealized Losses   0
Fair Value   10,000
Commercial paper    
Debt and Equity Securities, FV-NI [Line Items]    
Amortized Cost   19,697
Unrealized Gains   0
Unrealized Losses   0
Fair Value   19,697
Corporate debt securities    
Debt and Equity Securities, FV-NI [Line Items]    
Amortized Cost   214,190
Unrealized Gains   527
Unrealized Losses   (23)
Fair Value   214,694
Total marketable securities    
Debt and Equity Securities, FV-NI [Line Items]    
Amortized Cost   423,422
Unrealized Gains   934
Unrealized Losses   (88)
Fair Value   424,268
Privately held debt securities    
Debt and Equity Securities, FV-NI [Line Items]    
Amortized Cost $ 7,180 7,780
Unrealized Gains 0 0
Unrealized Losses (2,750) (3,350)
Fair Value $ 4,430 $ 4,430
v3.26.1
Investments - Schedule of Marketable Debt Securities by Remaining Contractual Maturity (Details) - Total marketable securities
$ in Thousands
Jun. 30, 2025
USD ($)
Debt and Equity Securities, FV-NI [Line Items]  
Due in one year or less $ 271,923
Due in one year through five years 152,345
Marketable securities: $ 424,268
v3.26.1
Investments - Carrying Values for Publicly Traded and Privately Held Equity Securities (Details) - Privately held equity securities - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Debt and Equity Securities, FV-NI [Line Items]    
Initial total cost $ 145,802 $ 166,302
Cumulative net gains 7,034 (1,909)
Carrying value $ 152,836 $ 164,393
v3.26.1
Investments - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Debt and Equity Securities, FV-NI [Line Items]    
Upward price adjustment $ 14.9 $ 6.6
Downward price adjustment $ 7.9 $ 8.5
Vertical First Trust    
Debt and Equity Securities, FV-NI [Line Items]    
Retained minority equity interest (as a percentage) 13.00%  
v3.26.1
Investments - Schedule of Gains and Losses on Strategic Investments (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]      
Unrealized gains recognized on privately held equity securities $ 9,846 $ 1,549 $ 2,084
Unrealized losses recognized on privately held equity securities including impairment (3,820) (967) (1,628)
Unrealized losses on privately held debt securities (250) 0 (500)
Unrealized gains (losses), net 5,776 582 (44)
Realized gains recognized on publicly traded equity securities 14,658 0 515
Realized gains (losses) recognized on privately held equity securities 1,367 (3,142) (2,546)
Realized gains on debt securities 228 0 0
Gains (losses) on strategic investments, net 22,029 (2,560) (2,075)
Unrealized gains recognized during the reporting period on privately held equity securities still held at the reporting date $ 6,026 $ 582 $ 456
v3.26.1
Investments - Carrying Amounts of Equity Method Investments (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Equity Method Investments, Effect Of Foreign Currency Translation [Roll Forward]    
Beginning balance $ 53,119 $ 74,510
Share of losses   (20,433)
Effect of change in exchange rates 2,762 (958)
Ending balance $ 55,881 $ 53,119
v3.26.1
Derivative Contracts - Notional Amounts of Hedging Derivative Instruments (Details) - Foreign exchange forward contracts - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional amount $ 1,092,715 $ 1,144,138
Cash Flow Hedge    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional amount 704,613 765,613
Non Hedge    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional amount 388,102 378,525
Under 12 months    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional amount 1,030,684 1,064,280
Over 12 months    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Notional amount $ 62,031 $ 79,858
v3.26.1
Derivative Contracts - Fair Value of Company's Derivative Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivative assets $ 17,506 $ 23,234
Total derivative liabilities 17,005 2,445
Balance Sheet Location [Axis]: us-gaap:AccruedLiabilitiesCurrent | Foreign exchange forward contracts | Cash Flow Hedge    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivative liabilities 10,085 2,409
Balance Sheet Location [Axis]: us-gaap:AccruedLiabilitiesCurrent | Foreign exchange forward contracts | Non Hedge    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivative liabilities 5,932 36
Balance Sheet Location [Axis]: us-gaap:OtherAssetsNoncurrent | Foreign exchange forward contracts    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivative assets 156 3,715
Balance Sheet Location [Axis]: us-gaap:OtherLiabilitiesNoncurrent | Foreign exchange forward contracts | Cash Flow Hedge    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivative liabilities 988 0
Balance Sheet Location [Axis]: us-gaap:PrepaidExpenseAndOtherAssetsCurrent | Foreign exchange forward contracts | Cash Flow Hedge    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivative assets 17,110 16,210
Balance Sheet Location [Axis]: us-gaap:PrepaidExpenseAndOtherAssetsCurrent | Foreign exchange forward contracts | Non Hedge    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Total derivative assets $ 240 $ 3,309
v3.26.1
Derivative Contracts - Pre-Tax Effects of Derivatives Designated as Cash Flow Hedging Instruments (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Derivative Instruments, Pre-Tax Effects Of Derivatives Designated As Cash Flow Hedging Instruments [Roll Forward]      
Beginning balance $ 24,679 $ 41,424 $ 48,170
Gross unrealized gains (losses) recognized in other comprehensive loss 7,877 (1,897) 10,826
Ending balance 6,340 24,679 41,424
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold      
Derivative Instruments, Pre-Tax Effects Of Derivatives Designated As Cash Flow Hedging Instruments [Roll Forward]      
Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive loss into profit or loss: 43 1,447 1,072
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense      
Derivative Instruments, Pre-Tax Effects Of Derivatives Designated As Cash Flow Hedging Instruments [Roll Forward]      
Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive loss into profit or loss: (3,033) 1,828 2,320
Income Statement Location [Axis]: us-gaap:InterestExpenseNonoperating      
Derivative Instruments, Pre-Tax Effects Of Derivatives Designated As Cash Flow Hedging Instruments [Roll Forward]      
Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive loss into profit or loss: (7,163) (26,344) (29,946)
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense      
Derivative Instruments, Pre-Tax Effects Of Derivatives Designated As Cash Flow Hedging Instruments [Roll Forward]      
Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive loss into profit or loss: (12,840) 7,194 7,718
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense      
Derivative Instruments, Pre-Tax Effects Of Derivatives Designated As Cash Flow Hedging Instruments [Roll Forward]      
Net losses (gains) reclassified from cash flow hedge in accumulated other comprehensive loss into profit or loss: $ (3,223) $ 1,027 $ 1,264
v3.26.1
Property and Equipment - Property and Equipment, Net (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Property, Plant, and Equipment [Line Items]    
Property and equipment, gross $ 242,607 $ 252,897
Less: accumulated depreciation (156,305) (147,779)
Property and equipment, net 86,302 105,118
Equipment    
Property, Plant, and Equipment [Line Items]    
Property and equipment, gross 16,270 15,008
Computer hardware and software    
Property, Plant, and Equipment [Line Items]    
Property and equipment, gross 73,057 58,559
Furniture and fittings    
Property, Plant, and Equipment [Line Items]    
Property and equipment, gross 27,676 25,217
Leasehold improvements and other    
Property, Plant, and Equipment [Line Items]    
Property and equipment, gross $ 125,604 $ 154,113
v3.26.1
Property and Equipment - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Property, Plant, and Equipment [Abstract]      
Depreciation expense $ 39.2 $ 36.9 $ 29.0
Impairment of leasehold $ 18.7    
v3.26.1
Business Combinations - Additional Information (Details) - USD ($)
Nov. 10, 2025
Oct. 20, 2025
Jun. 30, 2026
Business Combination [Line Items]      
Goodwill expected tax deductible amount   $ 0  
Restricted Stock Units (RSUs)      
Business Combination [Line Items]      
Cost not yet recognized     $ 2,500,000,000
The Browser Company      
Business Combination [Line Items]      
Outstanding equity acquired   100.00%  
Purchase price consideration   $ 488,300,000  
Cash settlement   481,500,000  
Non-cash settlement   6,800,000  
The Browser Company | Restricted Stock Units (RSUs)      
Business Combination [Line Items]      
Shares granted   8,200,000  
Cost not yet recognized   $ 97,000,000.0  
Software Company (“DX”)      
Business Combination [Line Items]      
Outstanding equity acquired 100.00%    
Purchase price consideration $ 720,400,000    
Software Company (“DX”) | Restricted Stock Units (RSUs)      
Business Combination [Line Items]      
Shares granted 201,800,000    
Cost not yet recognized $ 38,900,000    
v3.26.1
Business Combinations - Schedule of Preliminary Fair Values of Assets Acquired and Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Nov. 10, 2025
Oct. 20, 2025
Jun. 30, 2025
Jun. 30, 2024
Business Combination [Line Items]          
Goodwill $ 2,302,739     $ 1,304,445 $ 1,288,756
The Browser Company          
Business Combination [Line Items]          
Cash and cash equivalents     $ 22,160    
Prepaid expenses and other current assets     1,235    
Intangible assets, net     91,000    
Goodwill     376,885    
Accrued expenses and other current liabilities     (2,102)    
Deferred tax liabilities     (832)    
Net assets acquired     $ 488,346    
Software Company (“DX”)          
Business Combination [Line Items]          
Cash and cash equivalents   $ 27,910      
Intangible assets, net   182,800      
Goodwill   557,439      
Accrued expenses and other current liabilities   (1,706)      
Deferred tax liabilities   (26,865)      
Accounts Receivable   6,529      
Other non-current assets   9,929      
Deferred revenue, current   (25,482)      
Other non-current liabilities   (10,192)      
Net assets acquired   $ 720,362      
v3.26.1
Business Combinations - Schedule of Components of Identifiable Intangible Assets Acquired and Estimated Useful Lives (Details) - USD ($)
$ in Thousands
Nov. 10, 2025
Oct. 20, 2025
The Browser Company    
Business Combination [Line Items]    
Fair Value   $ 91,000
Software Company (“DX”)    
Business Combination [Line Items]    
Fair Value $ 182,800  
Developed Technology | The Browser Company    
Business Combination [Line Items]    
Fair Value   $ 80,000
Useful Life   3 years
Developed Technology | Software Company (“DX”)    
Business Combination [Line Items]    
Fair Value $ 138,000  
Useful Life 5 years  
Trade Name | The Browser Company    
Business Combination [Line Items]    
Fair Value   $ 11,000
Useful Life   3 years
Trade Name | Software Company (“DX”)    
Business Combination [Line Items]    
Fair Value $ 37,000  
Useful Life 5 years  
Customer Relationships | Software Company (“DX”)    
Business Combination [Line Items]    
Fair Value $ 4,800  
Useful Life 5 years  
Backlog | Software Company (“DX”)    
Business Combination [Line Items]    
Fair Value $ 3,000  
Useful Life 3 years  
v3.26.1
Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Goodwill [Roll Forward]    
Goodwill, beginning balance $ 1,304,445 $ 1,288,756
Additions 999,340 14,022
Effect of change in exchange rates (1,046) 1,667
Goodwill, ending balance $ 2,302,739 $ 1,304,445
v3.26.1
Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Intangible Asset, Finite-Lived [Line Items]    
Gross Carrying Amount $ 962,447 $ 673,547
Accumulated Amortization (530,189) (428,707)
Total future amortization expense 432,258 244,840
Acquired developed technology    
Intangible Asset, Finite-Lived [Line Items]    
Gross Carrying Amount 700,032 466,932
Accumulated Amortization (356,383) (278,525)
Total future amortization expense 343,649 188,407
Patents, trademarks, and other rights    
Intangible Asset, Finite-Lived [Line Items]    
Gross Carrying Amount 118,928 70,928
Accumulated Amortization (50,555) (37,337)
Total future amortization expense 68,373 33,591
Customer relationships    
Intangible Asset, Finite-Lived [Line Items]    
Gross Carrying Amount 143,487 135,687
Accumulated Amortization (123,251) (112,845)
Total future amortization expense $ 20,236 $ 22,842
v3.26.1
Goodwill and Intangible Assets - Schedule of Weighted-Average Remaining Useful Lives (Details)
Jun. 30, 2026
Acquired developed technology  
Intangible Asset, Finite-Lived [Line Items]  
Weighted-Average Remaining Useful Lives (years) 4 years
Patents, trademarks, and other rights  
Intangible Asset, Finite-Lived [Line Items]  
Weighted-Average Remaining Useful Lives (years) 4 years
Customer relationships  
Intangible Asset, Finite-Lived [Line Items]  
Weighted-Average Remaining Useful Lives (years) 3 years
v3.26.1
Goodwill and Intangible Assets - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Intangible Asset, Goodwill and Other [Abstract]      
Amortization expense for intangible assets $ 101.5 $ 55.5 $ 49.7
v3.26.1
Goodwill and Intangible Assets - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Intangible Asset, Goodwill and Other [Abstract]    
2027 $ 120,007  
2028 117,244  
2029 87,814  
2030 73,839  
2031 31,108  
Thereafter 2,246  
Total future amortization expense $ 432,258 $ 244,840
v3.26.1
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Other Liabilities Disclosure [Abstract]    
Accrued expenses $ 198,206 $ 180,197
Employee benefits 468,473 422,986
Customer deposits 19,185 16,396
Tax liabilities 17,429 36,726
Derivative liabilities 16,017 2,445
Other payables 45,269 22,851
Total accrued expenses and other current liabilities $ 764,579 $ 681,601
v3.26.1
Leases - Lease Cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Leases [Abstract]      
Operating lease costs $ 38,681 $ 43,720 $ 41,426
Variable lease costs 17,200 14,781 11,908
Total lease costs $ 55,881 $ 58,501 $ 53,334
Weighted average remaining lease term (in years) 4 years 5 years 6 years
Weighted average discount rate 3.50% 3.10% 2.90%
v3.26.1
Leases - Supplemental Cash Flow Table (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Leases [Abstract]      
Cash payments for operating leases $ 56,010 $ 52,981 $ 49,803
Right-of-use assets obtained in exchange for new operating lease liabilities $ 40,601 $ 34,717 $ 23,265
v3.26.1
Leases - Future Lease Payments (Details)
$ in Thousands
Jun. 30, 2026
USD ($)
Leases [Abstract]  
2027 $ 56,148
2028 51,985
2029 42,186
2030 18,527
2031 19,078
Thereafter 87,443
Total future operating lease payments 275,367
Less: imputed interest (32,017)
Total lease liability balance $ 243,350
v3.26.1
Leases - Additional Information (Details)
$ in Millions
 12 Months Ended
Jun. 30, 2026
USD ($)
extension_option
Lessee, Lease, Description [Line Items]  
Term of future lease payment 15 years
Number of extension options | extension_option 2
Length of additional extension periods 10 years
Lease not yet commenced $ 959.8
Facility Closing  
Lessee, Lease, Description [Line Items]  
Impairment charge $ 80.0
v3.26.1
Debt - Credit Facility (Details) - Line of Credit
$ in Millions
 1 Months Ended
Aug. 31, 2024
USD ($)
Oct. 31, 2020
USD ($)
The 2024 Credit Agreement    
Line of Credit Facility [Line Items]    
Consolidated leverage ratio 3.5  
Consolidated leverage ration in event of a material acquisition 4.5  
The 2024 Credit Agreement | Minimum    
Line of Credit Facility [Line Items]    
Variable rate 0.875%  
Commitment fee, as a percentage 0.075%  
The 2024 Credit Agreement | Maximum    
Line of Credit Facility [Line Items]    
Variable rate 1.50%  
Commitment fee, as a percentage 0.20%  
Unsecured Debt | The 2024 Credit Agreement    
Line of Credit Facility [Line Items]    
Borrowing capacity $ 750  
Unsecured Debt | Twenty Twenty Credit Facility    
Line of Credit Facility [Line Items]    
Borrowing capacity   $ 1,000
Revolving Credit Facility | The 2024 Credit Agreement    
Line of Credit Facility [Line Items]    
Amount of increase available $ 250  
Revolving Credit Facility | Twenty Twenty Credit Facility    
Line of Credit Facility [Line Items]    
Borrowing capacity   $ 500
v3.26.1
Debt - Senior Notes (Details) - USD ($)
$ in Thousands
 12 Months Ended
May 15, 2024
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Debt Instrument [Line Items]        
Unamortized discount (premium) and debt issuance costs, net   $ 10,440 $ 12,316  
Proceeds from issuance of debt, net of issuance cost $ 985,700 0 0 $ 987,039
Senior Notes        
Debt Instrument [Line Items]        
Percentage of face amount 101.00%      
Unamortized discount (premium) and debt issuance costs, net $ 14,300      
Senior Notes | Level 2        
Debt Instrument [Line Items]        
Estimated fair value   $ 1,000,000 $ 1,030,000  
2029 Notes | Senior Notes        
Debt Instrument [Line Items]        
Aggregate principal amount $ 500,000      
Contractual Interest Rate 5.25% 5.25%    
2034 Notes | Senior Notes        
Debt Instrument [Line Items]        
Aggregate principal amount $ 500,000      
Contractual Interest Rate 5.50% 5.50%    
Senior Note 2029 | Senior Notes        
Debt Instrument [Line Items]        
Contractual Interest Rate 5.25%      
Senior Note 2034 | Senior Notes        
Debt Instrument [Line Items]        
Contractual Interest Rate 5.50%      
v3.26.1
Debt - The Notes Carrying Value (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
May 15, 2024
Debt Instrument [Line Items]      
Unamortized debt discount and issuance costs $ (10,440) $ (12,316)  
Long-term debt $ 989,560 987,684  
Senior Notes      
Debt Instrument [Line Items]      
Unamortized debt discount and issuance costs     $ (14,300)
2029 Notes | Senior Notes      
Debt Instrument [Line Items]      
Expected Remaining Term (years) 2 years 10 months 24 days    
Contractual Interest Rate 5.25%   5.25%
Effective Interest Rate 5.55%    
Aggregate principal amount $ 500,000 500,000  
2034 Notes | Senior Notes      
Debt Instrument [Line Items]      
Expected Remaining Term (years) 7 years 10 months 24 days    
Contractual Interest Rate 5.50%   5.50%
Effective Interest Rate 5.71%    
Aggregate principal amount $ 500,000 $ 500,000  
v3.26.1
Commitment and Contingencies - Additional Information (Details) - Cloud Services Platform And Other Services
 12 Months Ended
Jun. 30, 2026
Minimum  
Long-Term Purchase Commitment [Line Items]  
Purchase commitment period 2 years
Maximum  
Long-Term Purchase Commitment [Line Items]  
Purchase commitment period 7 years
v3.26.1
Commitment and Contingencies - Schedule of Purchase Obligations (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]    
Contractual purchase obligations $ 3,735,049 $ 1,814,106
Obligations for leases that have not yet commenced 959,795 912,344
Total purchase obligation $ 4,694,844 $ 2,726,450
v3.26.1
Commitment and Contingencies - Schedule of Future Commitments (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Other contractual commitments    
2027 $ 663,118  
2028 680,631  
2029 609,256  
2030 577,647  
2031 653,397  
Thereafter 551,000  
Total commitments 3,735,049 $ 1,814,106
Leases not commenced    
2027 27,961  
2028 49,052  
2029 51,014  
2030 53,054  
2031 55,176  
Thereafter 723,538  
Total commitments 959,795 912,344
Total    
2027 691,079  
2028 729,683  
2029 660,270  
2030 630,701  
2031 708,573  
Thereafter 1,274,538  
Total purchase obligation $ 4,694,844 $ 2,726,450
v3.26.1
Revenue - Remaining Performance Obligations (Details)
$ in Billions
Jun. 30, 2026
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation $ 4.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Remaining performance obligation, percentage 65.00%
Revenue remaining performance obligation, expected timing of satisfaction period 12 months
v3.26.1
Revenue - Disaggregation of Revenue by Geographic Region and Deployment Options (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]      
Total revenues $ 6,572,308 $ 5,215,304 $ 4,358,603
Cloud      
Disaggregation of Revenue [Line Items]      
Total revenues 4,410,627 3,447,427 2,698,899
Data Center      
Disaggregation of Revenue [Line Items]      
Total revenues 1,830,941 1,467,167 1,208,498
Server      
Disaggregation of Revenue [Line Items]      
Total revenues 0 0 177,645
Marketplace and other      
Disaggregation of Revenue [Line Items]      
Total revenues 330,740 300,710 273,561
Americas      
Disaggregation of Revenue [Line Items]      
Total revenues 3,166,368 2,516,901 2,125,434
United States      
Disaggregation of Revenue [Line Items]      
Total revenues 2,760,458 2,182,073 1,847,194
Other Americas      
Disaggregation of Revenue [Line Items]      
Total revenues 405,910 334,828 278,240
EMEA      
Disaggregation of Revenue [Line Items]      
Total revenues 2,692,588 2,123,971 1,750,910
Germany      
Disaggregation of Revenue [Line Items]      
Total revenues 692,300 539,550 442,063
Other EMEA      
Disaggregation of Revenue [Line Items]      
Total revenues 2,000,288 1,584,421 1,308,847
Asia Pacific      
Disaggregation of Revenue [Line Items]      
Total revenues $ 713,352 $ 574,432 $ 482,259
v3.26.1
Revenue - Change in Contract Balances (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Contract With Customer, Liability [Roll Forward]    
Balance, beginning of period $ 2,481,254 $ 2,114,736
Additions 6,752,745 5,581,822
Revenue (6,572,308) (5,215,304)
Balance, end of period $ 2,661,691 $ 2,481,254
v3.26.1
Revenue - Additional Information (Details) - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]    
Contract assets $ 53,500,000 $ 3,300,000
Deferred revenue recognized, as a percentage 32.00% 34.00%
Impairment losses $ 0 $ 0
v3.26.1
Revenue - Changes in Balance of Deferred Commission (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Capitalized Contract Cost [Roll Forward]    
Balance, beginning of period $ 136,340 $ 79,711
Additions 135,116 96,869
Amortization expense (68,099) (40,240)
Balance, end of period 203,357 136,340
Deferred contract acquisition costs included in:    
Prepaid expenses and other current assets 76,003 50,233
Other non-current assets 127,354 86,107
Capitalized Contract Cost, Net, Total $ 203,357 $ 136,340
v3.26.1
Restructuring - Additional Information (Details)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
USD ($)
Restructuring Cost and Reserve [Line Items]  
Percentage of number of positions eliminated 10.00%
Restructuring charges $ 285,370
Severance and Other Termination Benefits  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 203,917
Stock-based Compensation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 1,432
Facility Closing  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 80,021
Impairment charge $ 80,000
v3.26.1
Restructuring - Schedule of Restructuring Charges (Details)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
USD ($)
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 285,370
Severance and Other Termination Benefits  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 203,917
Stock-based Compensation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 1,432
Lease Consolidation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 80,021
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 53,264
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Cost of revenues
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold | Severance and Other Termination Benefits  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 45,185
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold | Stock-based Compensation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 1,432
Income Statement Location [Axis]: us-gaap:CostOfGoodsAndServicesSold | Lease Consolidation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 6,647
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 36,081
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] General and administrative
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense | Severance and Other Termination Benefits  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 24,778
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense | Stock-based Compensation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 0
Income Statement Location [Axis]: us-gaap:GeneralAndAdministrativeExpense | Lease Consolidation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 11,303
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 144,494
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Research and development
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense | Severance and Other Termination Benefits  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 108,844
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense | Stock-based Compensation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 0
Income Statement Location [Axis]: us-gaap:ResearchAndDevelopmentExpense | Lease Consolidation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 35,650
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 51,531
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Marketing and sales
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense | Severance and Other Termination Benefits  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 25,110
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense | Stock-based Compensation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges 0
Income Statement Location [Axis]: us-gaap:SellingAndMarketingExpense | Lease Consolidation  
Restructuring Cost and Reserve [Line Items]  
Restructuring charges $ 26,421
v3.26.1
Restructuring - Schedule of Changes in Liabilities (Details)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
USD ($)
Restructuring Cost and Reserve [Line Items]  
Charges $ 285,370
Payments (188,596)
Non-cash items (81,829)
Effect of change in exchange rates (2,094)
Restructuring provision 12,851
Severance and Other Termination Benefits  
Restructuring Cost and Reserve [Line Items]  
Charges 203,917
Payments (188,526)
Non-cash items (446)
Effect of change in exchange rates (2,094)
Restructuring provision 12,851
Stock-based Compensation  
Restructuring Cost and Reserve [Line Items]  
Charges 1,432
Payments 0
Non-cash items (1,432)
Effect of change in exchange rates 0
Restructuring provision 0
Lease Consolidation  
Restructuring Cost and Reserve [Line Items]  
Charges 80,021
Payments (70)
Non-cash items (79,951)
Effect of change in exchange rates 0
Restructuring provision $ 0
v3.26.1
Geographic Information (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting [Line Items]    
Total long-lived assets $ 200,361 $ 274,245
United States    
Segment Reporting [Line Items]    
Total long-lived assets 104,167 168,841
Australia    
Segment Reporting [Line Items]    
Total long-lived assets 60,602 54,073
India    
Segment Reporting [Line Items]    
Total long-lived assets 25,044 34,909
All other countries    
Segment Reporting [Line Items]    
Total long-lived assets $ 10,548 $ 16,422
v3.26.1
Stockholders’ Equity - Additional Information (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jun. 30, 2026
USD ($)
vote
$ / shares
shares
Jun. 30, 2025
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
Dec. 31, 2015
Oct. 31, 2025
USD ($)
Sep. 30, 2024
USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]            
Consent required to convert, percentage 66.66%          
Conversion threshold percentage (less than) 10.00%          
Preferred stock, authorized (in shares) | shares 10,000,000          
Preferred stock, outstanding (in shares) | shares 0 0        
Number of shares available for grant (in shares) | shares 22,163,095          
Treasury stock, shares, acquired (in shares) | shares 19,100,000          
Treasury stock, value, acquired, cost method $ 1,800,000          
Shares acquired, average cost per share (in dollars per share) | $ / shares $ 94.31          
Stock repurchase program, remaining authorized repurchase amount $ 1,900,000          
Share Repurchase Program 2024            
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]            
Stock repurchase program, authorized amount           $ 1,500,000
Share Repurchase Program 2025            
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]            
Stock repurchase program, authorized amount         $ 2,500,000  
Class A Common Stock RSU awards            
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]            
Vesting period       4 years    
Granted, weighted average grant date fair value (in dollars per share) | $ / shares $ 133.12 $ 179.10 $ 199.66      
Aggregate intrinsic value, vested $ 972,609 $ 1,500,000 $ 950,300      
Tax benefit 235,200 $ 335,100 $ 218,700      
Cost not yet recognized $ 2,500,000          
Cost not yet recognized, period for recognition 4 years          
Granted (in shares) | shares 20,012,718          
Shares outstanding (in shares) | shares 22,306,885 16,578,020        
Aggregate intrinsic value, outstanding $ 1,735,253 $ 3,366,830        
Class A Common Stock RSU awards | Weighted Average            
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]            
Cost not yet recognized, period for recognition 2 years 8 months 12 days          
Class A Common Stock restricted stock awards            
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]            
Cost not yet recognized, period for recognition 4 years          
Aggregate intrinsic value, outstanding $ 105,400 $ 18,300        
Class A            
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]            
Common stock, par value (in dollars per share) | $ / shares $ 0.00001 $ 0.00001        
Voting rights, number | vote 1          
Class A | Class A Common Stock restricted stock awards            
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]            
Granted (in shares) | shares 1,353,312          
Shares outstanding (in shares) | shares 1,355,510 90,083        
Class B            
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]            
Common stock, par value (in dollars per share) | $ / shares $ 0.00001 $ 0.00001        
Conversion ratio 1          
Voting rights, number | vote 10          
v3.26.1
Stockholders’ Equity - Schedule of RSU Activity (Details) - Restricted Stock Units (RSUs) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Number of Shares      
Beginning balance (in shares) 16,578,020    
Granted (in shares) 20,012,718    
Vested (in shares) (8,208,180)    
Forfeited or cancelled (in shares) (6,075,673)    
Ending balance (in shares) 22,306,885 16,578,020  
Weighted Average Grant Date Fair Value      
Beginning balance (in dollars per share) $ 190.98    
Granted, weighted average grant date fair value (in dollars per share) 133.12 $ 179.10 $ 199.66
Vested, weighted average grant date fair value (in dollars per share) 184.85    
Forfeited or cancelled, weighted average grant date fair value (in dollars per share) 157.80    
Ending balance (in dollars per share) $ 149.21 $ 190.98  
Aggregate intrinsic value, outstanding beginning balance $ 3,366,830    
Aggregate intrinsic value, vested 972,609 $ 1,500,000 $ 950,300
Aggregate intrinsic value, outstanding ending balance $ 1,735,253 $ 3,366,830  
v3.26.1
Net Loss Per Share - Basic and Diluted Net Loss (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Numerator:      
Net loss $ (53,828) $ (256,687) $ (300,519)
Denominator:      
Weighted-average shares outstanding, basic (in shares) 260,163,000 261,787,000 259,133,000
Weighted-average shares outstanding, diluted (in shares) 260,163,000 261,787,000 259,133,000
Net loss per share, basic (in USD per share) $ (0.21) $ (0.98) $ (1.16)
Net loss per share, diluted (in USD per share) $ (0.21) $ (0.98) $ (1.16)
Class A      
Numerator:      
Net loss $ (34,202) $ (160,050) $ (181,587)
Denominator:      
Weighted-average shares outstanding, basic (in shares) 165,308,000 163,230,000 156,580,000
Weighted-average shares outstanding, diluted (in shares) 165,308,000 163,230,000 156,580,000
Net loss per share, basic (in USD per share) $ (0.21) $ (0.98) $ (1.16)
Net loss per share, diluted (in USD per share) $ (0.21) $ (0.98) $ (1.16)
Class B      
Numerator:      
Net loss $ (19,626) $ (96,637) $ (118,932)
Denominator:      
Weighted-average shares outstanding, basic (in shares) 94,855,000 98,557,000 102,553,000
Weighted-average shares outstanding, diluted (in shares) 94,855,000 98,557,000 102,553,000
Net loss per share, basic (in USD per share) $ (0.21) $ (0.98) $ (1.16)
Net loss per share, diluted (in USD per share) $ (0.21) $ (0.98) $ (1.16)
v3.26.1
Net Loss Per Share - Antidilutive Securities (Details) - shares
shares in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Potentially dilutive securities (in shares) 17,300 7,452 8,343
Class A Common Stock RSU awards      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Potentially dilutive securities (in shares) 16,746 7,423 8,320
Class A Common Stock restricted stock awards      
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]      
Potentially dilutive securities (in shares) 554 29 23
v3.26.1
Income Taxes - Components of Income (loss) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]      
Domestic $ (71,814) $ (137,403) $ (139,687)
Foreign 93,864 38,508 54,280
Income (loss) before income taxes $ 22,050 $ (98,895) $ (85,407)
v3.26.1
Income Taxes - Current and Deferred Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Current:      
Federal $ 1,270 $ (1,249) $ 2,134
State 3,472 4,534 3,969
Foreign 94,225 149,908 209,002
Total 98,967 153,193 215,105
Deferred:      
Federal (22,681) 927 (14,030)
State (1,333) 1,814 3,680
Foreign 925 1,858 10,357
Total (23,089) 4,599 7
Total provision for income taxes $ 75,878 $ 157,792 $ 215,112
v3.26.1
Income Taxes - Effective Income Tax Rate (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Amount      
Tax at federal statutory rate $ 4,630 $ (20,768) $ (17,935)
State, net of the federal benefit (3,774) 28,097 16,362
Stock-based compensation   94,305 123,719
Change in valuation allowance   239,975 174,994
Other   6,683 1,247
Global intangible low-taxed income 42,216    
Other (4,637)    
Stock-based compensation 81,330    
Section 162(m) adjustment 5,871    
Basis difference in investments 9,559 (34,562) 14,615
Change in unrecognized tax benefits 34,860    
Effects of non-U.S. operations   7,332 (14,575)
Tax credits   (233,946) (151,912)
Non-deductible executive compensation   10,462 6,721
Australian R&D deductions forgone in lieu of R&D credit   29,169 29,502
Foreign taxes   1,159 (131)
Change in reserves   29,886 32,505
Total provision for income taxes $ 75,878 $ 157,792 $ 215,112
Percent      
Tax at U.S. federal statutory rate 21.00%    
State, net of the federal benefit (17.00%)    
Effects of cross border tax laws 192.00%    
Other (21.00%)    
Stock-based compensation 369.00%    
Section 162(m) adjustment 27.00%    
Basis difference in investments 43.00%    
Change in unrecognized tax benefits 158.00%    
Effective tax rate (%) 344.00% (160.00%) (252.00%)
Australia      
Amount      
Statutory tax rate difference $ (5,885)    
Research and development (8,651)    
Foreign tax credits (15,791)    
Stock-based compensation 115,305    
Change in valuation allowance (79,820)    
Other $ 5,248    
Percent      
Statutory tax rate difference (27.00%)    
Research and development incentive (39.00%)    
Foreign tax credits (72.00%)    
Stock-based compensation 523.00%    
Change in valuation allowance (362.00%)    
Other 24.00%    
India      
Amount      
Statutory tax rate difference $ 16,131    
Other $ 1,193    
Percent      
Statutory tax rate difference 73.00%    
Other 5.00%    
Brazil      
Amount      
Withholding taxes $ 7,494    
Percent      
Withholding taxes 34.00%    
Other foreign jurisdictions      
Amount      
Statutory tax rate difference $ 23,580    
Percent      
Statutory tax rate difference 107.00%    
United States      
Amount      
Research and development $ (38,700)    
Foreign tax credits (7,855)    
Change in valuation allowance (109,140)    
Other $ 2,714    
Percent      
Research and development incentive (175.00%)    
Foreign tax credits (36.00%)    
Change in valuation allowance (495.00%)    
Other 12.00%    
v3.26.1
Income Taxes - Schedule of Cash Paid for Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Federal $ (7,112)    
State 930    
Income taxes, net of amounts refunded 160,706 $ 180,470 $ 253,828
Australia      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Foreign 90,592    
India      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Foreign 36,077    
Netherlands      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Foreign 11,261    
Other foreign jurisdictions      
Income Tax Paid, by Individual Jurisdiction [Line Items]      
Foreign $ 28,958    
v3.26.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Deferred tax assets:      
Property and equipment $ 5,957 $ 11,028  
Loss carryforwards 645,268 615,687  
Credit carryforwards 460,856 401,629  
Operating lease liabilities 55,358 56,962  
Basis differences in investments 1,900,521 2,040,203  
Provisions, accruals, and prepayments 69,336 66,735  
Deferred revenue 242,151 317,761  
Capitalized research and development 89,790 113,489  
Other 1,197 571  
Total deferred tax assets 3,470,434 3,624,065  
Less valuation allowance (3,383,071) (3,549,451) $ (3,300,000)
Total deferred tax assets, net of valuation allowance 87,363 74,614  
Deferred tax liabilities:      
Unrealized investment gains 3,233 4,163  
Operating right of use assets 26,689 46,348  
Stock-based compensation 1,355 7,205  
Intangible assets 79,851 35,495  
Other 0 1,522  
Total deferred tax liabilities 111,128 94,733  
Net deferred tax liabilities $ (23,765) $ (20,119)  
v3.26.1
Income Taxes - Narrative (Details) - USD ($)
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Tax Credit Carryforward [Line Items]        
Valuation allowance $ 3,383,071,000 $ 3,549,451,000 $ 3,300,000,000  
Operating loss carryforwards 663,400,000      
Federal foreign tax credits 59,000,000.0      
Unrecognized tax benefits 178,746,000 136,882,000 104,453,000 $ 122,302,000
Current income tax receivables 68,000,000.0 15,800,000    
Unrecognized tax benefits that would impact effective tax rate 14,800,000 400,000 10,900,000  
Income tax examination, penalties and interest expense 0 0 0  
Income tax examination, penalties and interest accrued 0 $ 0 $ 0  
Income Tax Jurisdiction, Domestic Federal        
Tax Credit Carryforward [Line Items]        
Federal foreign tax credits 97,100,000      
Tax Credit Carried Forward Indefinitely        
Tax Credit Carryforward [Line Items]        
Operating loss carryforwards 565,800,000      
Tax Credit Carried Forward Expire Date        
Tax Credit Carryforward [Line Items]        
Operating loss carryforwards 200,000      
Polish R&D Credits        
Tax Credit Carryforward [Line Items]        
Unrecognized tax benefits 16,800,000      
Income Tax Jurisdiction, Domestic State and Local        
Tax Credit Carryforward [Line Items]        
Operating loss carryforwards 566,000,000.0      
Federal foreign tax credits 135,700,000      
Income Tax Jurisdiction, Foreign        
Tax Credit Carryforward [Line Items]        
Operating loss carryforwards 400,000      
Federal foreign tax credits $ 277,900,000      
v3.26.1
Income Taxes - Unrecognized Tax Benefits (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]      
Beginning balance $ 136,882 $ 104,453 $ 122,302
Gross increases 0 105 10,887
Gross decreases (5,302) (4,547) 0
Gross increases 47,195 36,871 25,707
Settlements 0 0 (53,648)
Lapse of statute of limitations (29) 0 0
Currency translation effect 0 0 (795)
Ending balance $ 178,746 $ 136,882 $ 104,453