Market Risks In the ordinary course of business, the financial position of the Company is routinely subject to certain market risks, notably the effects of changes in interest rates and foreign currency exchange rates. We manage our exposure to these market risks through our regular operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments. As a result, the Company does not anticipate any material losses from these risks. We do not use derivatives for trading purposes, to generate income or to engage in speculative activity. Interest Rate Risk As of June 30, 2026, $1,022.0 million, or 31%, of the Company’s total outstanding debt balance of $3,254.6 million is based on floating interest rates. Our $1,022.0 million in variable rate debt at June 30, 2026 consists of our revolving credit facility, which, depending on the currency of the loan, bears interest at Adjusted Term SOFR, Adjusted Term CORRA, EURIBOR, TIBOR, SONIA and STIBOR, respectively, plus 1.000% per annum (subject to multiple step-ups to 1.250% per annum and multiple step-downs to 0.785%, in each case based on ratings), plus an additional annual facility fee of 0.125% per annum (subject to multiple step-ups to 0.25% per annum and multiple step-downs to 0.090% per annum, in each case, based on ratings), and the outstanding portion of our Fiscal 2026 Term Loan which bears interest at Term SOFR plus 1.250% per annum (subject to a step-up to Term SOFR plus 1.375% or term SOFR plus 1.625% or a step-down to Term SOFR plus 1.125% or Term SOFR plus 1.000%, in each case, based on ratings). Additionally, the Fiscal 2024 Amended Term Loan which bore interest at Adjusted Term SOFR plus 1.250% per annum (subject to a step-up to Adjusted Term SOFR plus 1.375% or step-downs to Adjusted Term SOFR plus 1.125% and Adjusted Term SOFR plus 1.000% in each case, based on ratings) was outstanding through August 2025, after which it was repaid in full and replaced by the Fiscal 2026 Term Loan. In May 2026 we executed $500.0 million in interest rate swaps that are used to manage the company's interest rate risk to hedge interest rate risk related to the Fiscal 2026 Term Loan. We have assessed our exposure to changes in interest rates by analyzing the sensitivity to our earnings of a change in market interest rates on amounts borrowed from the revolving credit facility, Fiscal 2024 Amended Term Loan and Fiscal 2026 Term Loan during the fiscal year ended June 30, 2026. Assuming a hypothetical increase of one hundred basis points in interest rates on our variable rate debt and interest rate swaps during the fiscal year ended June 30, 2026 and June 30, 2025, our pre-tax earnings would have decreased by approximately $11.3 million and $13.8 million, respectively; however, for both years, this would have been offset by interest earned on cash balances. Foreign Currency Risk While the substantial majority of our business is conducted within the U.S., approximately 15% of our fiscal year 2026 revenues were earned outside of the U.S. Our operations outside of the U.S. primarily reside in Canada, Europe and India. As a result, we are exposed to foreign currency risk from changes in the value of underlying assets and liabilities of our non-U.S. dollar-denominated foreign investments and foreign currency transactions, primarily with respect to the Canadian dollar, the British pound, the Euro, the Indian Rupee and the Swedish Krona. We manage our foreign currency risk primarily by incurring, to the extent practicable, operating and financing expenses in the local currency in the countries in which we operate. In addition, we executed a series of cross-currency swap derivative contracts with an aggregate notional amount of EUR 880 million which are designated as net investment hedges to hedge a portion of our net investment in our subsidiaries whose functional currency is the Euro. At June 30, 2026, the fair value of these derivatives is an asset of $0.1 million. Refer to Note 7, “Derivative Instruments” to our Consolidated Financial Statements under Item 8. of Part II of this Annual Report on Form 10-K for additional details on our derivative instruments. For the fiscal year ended June 30, 2026 and June 30, 2025, a hypothetical 10% decrease in the value of the Canadian dollar, the British pound, the Euro, the Indian Rupee, and the Swedish Krona versus the U.S. dollar would have resulted in a decrease in our total pre-tax earnings of approximately $15.8 million and $23.9 million, respectively. 49