v3.26.1
Goodwill and Intangible Assets
9 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets

6. Goodwill and Intangible Assets

During the third quarter of 2026, we completed our annual impairment test of goodwill, which was based on a qualitative assessment, and concluded that there was no impairment. A qualitative assessment is designed to determine whether we believe it is more likely than not that the fair values of our reporting units exceed their carrying values. A qualitative assessment includes a review of qualitative factors, including company-specific (financial performance and long-range plans), industry, and macroeconomic factors, and a consideration of the fair value of each reporting unit at the last valuation date.

Goodwill and acquired intangible assets consisted of the following:

(in thousands)

 

June 30, 2026

 

 

September 30, 2025

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Goodwill

 

 

 

 

 

 

 

$

3,398,303

 

 

 

 

 

 

 

 

$

3,493,316

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchased software

 

$

547,640

 

 

$

401,974

 

 

$

145,666

 

 

$

639,104

 

 

$

472,357

 

 

$

166,747

 

Capitalized software

 

 

22,877

 

 

 

22,877

 

 

 

—

 

 

 

22,877

 

 

 

22,877

 

 

 

—

 

Customer lists and relationships

 

 

1,088,385

 

 

 

480,308

 

 

 

608,077

 

 

 

1,149,262

 

 

 

505,202

 

 

 

644,060

 

Trademarks and trade names

 

 

31,822

 

 

 

19,766

 

 

 

12,056

 

 

 

38,179

 

 

 

24,323

 

 

 

13,856

 

Other

 

 

3,469

 

 

 

3,469

 

 

 

—

 

 

 

4,019

 

 

 

4,019

 

 

 

—

 

Total intangible assets with finite lives

 

$

1,694,193

 

 

$

928,394

 

 

$

765,799

 

 

$

1,853,441

 

 

$

1,028,778

 

 

$

824,663

 

Total goodwill and acquired intangible assets

 

 

 

 

 

 

 

$

4,164,102

 

 

 

 

 

 

 

 

$

4,317,979

 

 

Changes in Goodwill were as follows:

(in thousands)

 

 

 

Balance, October 1, 2025

 

$

3,493,316

 

Acquisitions

 

 

1,782

 

Divestiture of businesses

 

 

(82,204

)

Foreign currency translation adjustment

 

 

(14,591

)

Balance, June 30, 2026

 

$

3,398,303

 

The aggregate amortization expense for intangible assets with finite lives is classified in our Consolidated Statements of Operations as follows:

(in thousands)

 

Three months ended

 

 

Nine months ended

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Amortization of acquired intangible assets

 

$

11,991

 

 

$

11,536

 

 

$

36,075

 

 

$

34,356

 

Cost of revenue

 

 

7,753

 

 

 

8,178

 

 

 

23,421

 

 

 

24,609

 

Total amortization expense

 

$

19,744

 

 

$

19,714

 

 

$

59,496

 

 

$

58,965