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Jack Henry & Associates Inc (JKHY) stock

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NASDAQ: JKHY Nasdaq Transaction & Payment Processing Services Next results ~November 3, 2026

C+ Fundamentals grade

Jack Henry & Associates is a financial technology firm founded in 1976 that supplies software and services to banks and credit unions. Its core products are data-processing platforms handling deposits, loans and general-ledger transactions: three banking systems (SilverLake System, CIF 20/20 and Core Director) and a credit-union system, Symitar. Around these it sells complementary and payment tools, including the Banno digital-banking platform, card processing, and money-movement services such as Payrailz and JHA PayCenter.

Customers are mainly community and regional banks and credit unions, alongside other corporate entities; in total it serves over 7,200 institutions. Revenue comes largely from recurring cloud hosting and electronic-payment contracts, typically running six years, plus one-year on-premise arrangements, annual software maintenance fees, software licences and resale of hardware from suppliers such as IBM, Dell and Lenovo.

The business is organised into four segments. It supports over 900 banks and over 700 credit unions, with roughly 5,600 further non-core clients, and employs about 7,300 people. Sales are concentrated in the United States, with limited activity in Latin America, the Caribbean and Canada. Since 1999 it has completed 36 acquisitions.

Based on Jack Henry & Associates Inc's 10-K filed August 28, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$190

Cash-flow model

Base case. Range ~$140–$250 across our lower- and higher-growth cases (2.1%–12.1% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 13% below our base value.

Price used: $163.42, November 2, 2026

Jack Henry & Associates Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Jack Henry & Associates files

Where Jack Henry & Associates stands after its latest 10-K

Revenue for the twelve months to June 2026 was $2.54bn, up 7.1% on a year earlier, slower than 8.4% a quarter earlier. Free-cash-flow margin rose to 27.3% from 24.8% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 4 of our 5 financial-health checks. Our cash-flow model value is $190 a share, against a share price of $155. At that price, our model says the market is pricing in about 3.5% a year of cash-flow growth for five years, slower than the 7.7% a year revenue growth it has delivered.

Source: 10-K filed August 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Jack Henry & Associates Inc's trailing-twelve-month revenue grew 7.1% year on year, with a free-cash-flow margin of 27.3%. Where it stands out: stock pay as % of revenue of 1.3% ranks 6 of 30 transaction & payment processing services companies we cover.

Our discounted-cash-flow model values the business at ~$190 per share in the base case (~$140–$250 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free-cash-flow margin near historical high: TTM FCF margin of 27.3% is in the 95th percentile of its own history.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 27.3% of revenue turned into free cash flow, against a median of 18.4% for transaction & payment processing services companies we cover.
  • Shrinking share count. Diluted shares fell 1.4% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Weakest spot: gross margin. Gross margin of 43.7% ranks 8 of 11 transaction & payment processing services companies we cover (median 51.7%).

Latest results: FY2026 Q4

Filed August 28, 2026
Earnings per share
$1.53 against an average estimate of $1.44: beat by 6.4%
Revenue
$644m, up 4.7% on a year earlier
Share reaction
+2.0% in the first session after the results on October 29, 2026, against -2.1% for the S&P 500
Guidance given
revenue $2,684m to $2,709m (Full year fiscal 2027); operating margin 24.5% to 24.7% (Full year fiscal 2027)
Next report
November 3, 2026; average EPS estimate $2.01

Jack Henry & Associates' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.3%
  • 1 week+0.7%
  • 1 month+14.6%
  • This year-9.4%
  • 1 year+11.4%
  • 5 years+9.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.5B
Operating margin
25.0%
Net margin
19.8%
EPS (TTM, diluted)
$6.98

Growth

Revenue growth
+7.1%
Change in growth rate
−1.3 pts
Share count change
−1.4%

Cash

Free cash flow (TTM)
$695M
FCF margin
27.3%
Stock pay % of revenue
1.3%

Earnings

Last results
October 29, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Leadership
  4. Results
  5. Guidance
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Jack Henry & Associates Inc valuation models and calculator

What the price is pricing in

The share price implies about 4.0% a year of cash-flow growth for five years.That is close to the 7.7% a year revenue growth Jack Henry & Associates has delivered.

  • Priced in4.0%
  • Last 12 months7.1%
  • 3 years a year7.0%
  • 5 years a year7.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($159.46, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$190
Price used
$159.46close November 3, 2026
Implied change
▲ +18%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Jack Henry & Associates Inc's free cash flow after stock-based pay with after-tax interest added back ($607M, FY2026 Q4 TTM), growing 6.2% and 7% in the next two years (forecasts, guidance and its record), then back to 7.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$140–~$250 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Jack Henry & Associates Inc's free cash flow after stock-based pay ( $607M, FY2026 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Jack Henry & Associates Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.73 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$190 ~$140–$250 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$68 ~$50–$140 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$120 ~$91–$180 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$120 ~$98–$150 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$140 ~$68–$190 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Jack Henry & Associates Inc with Transaction & Payment Processing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −4%
  • Last year's free-cash-flow margin change, if it persists ▲ +10%
  • Discount rate 1 point higher ▼ −15%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $123$168$226$303$404$534
8.5% $94$126$169$224$296$388
10% $77$102$134$176$231$301

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$77.02$92.85$117.92$122.47$170.06$152.83$170.14$160.03$160.88$176.84$137.24
Market value$6.1bn$7.3bn$9.1bn$9.5bn$13.1bn$11.6bn$12.5bn$11.7bn$11.7bn$12.9bn$9.9bn
+ Net debt (− = net cash)−$70m−$65m−$31m−$94m−$213m$49m$66m$263m$112m−$102m$28m
Enterprise value$6.1bn$7.2bn$9.1bn$9.4bn$12.9bn$11.6bn$12.6bn$12.0bn$11.9bn$12.8bn$9.9bn
Multiples
Price / sales 4.5x5.1x6.0x6.1x7.7x6.6x6.4x5.6x5.3x5.4x3.9x
Price / earnings 24.7x31.6x25.1x34.8x44.1x37.1x34.5x31.9x30.8x28.3x19.7x
Price / free cash flow 19.8x23.0x24.6x25.1x28.6x26.3x26.6x34.2x23.0x22.0x14.2x
EV / EBITDA 14.7x18.4x22.5x23.8x29.7x25.7x23.9x22.6x22.1x20.9x14.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

85 /100

Strong moat

How hard Jack Henry & Associates's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 23.1% of total assets over 6 years.

  • Pricing power 15 / 20

    Gross margin has been a median 41.6%, moving by 1.4 percentage points (standard deviation) across 10 years.

  • Durability 17 / 20

    Operating margin has been a median 23.2%; its worst year was 22.1%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 24.3% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 4.8% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (90 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $683m and EPS of $2.01 (range $1.96 to $2.11) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.24 +9% $2.7bn +6%
Next $7.90 +9% $2.9bn +7%

Next year's EPS estimate has moved +2.8% in 90 days, across 14 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.9% on 90 days ago. In the last 30 days, 5 analysts raised Jack Henry & Associates Inc's forecast and 0 cut it.

Consensus EPS forecast Jack Henry & Associates Inc, last 90 days
$7.00 $7.50 $8.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.10 Current fiscal year, 60 days ago: $7.23 Current fiscal year, 30 days ago: $7.23 Current fiscal year, 7 days ago: $7.25 Current fiscal year, Now: $7.24 $7.24 Next fiscal year, 90 days ago: $7.68 Next fiscal year, 60 days ago: $7.83 Next fiscal year, 30 days ago: $7.85 Next fiscal year, 7 days ago: $7.90 Next fiscal year, Now: $7.90 $7.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.10$7.68
60 days ago $7.23$7.83
30 days ago $7.23$7.85
7 days ago $7.25$7.90
Now $7.24$7.90

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.44 $1.53 +6.4%
Mar 2026 $1.42 $1.56 +10.4%
Dec 2025 $1.42 $1.66 +17.1%
Sept 2025 $1.65 $1.86 +12.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 18, 2026
  • Revenue Full year fiscal 2027 $2,684m to $2,709m GAAP
    “Revenue $2,684 $2,709” source
  • Adjusted revenue Full year fiscal 2027 $2,659m to $2,684m Non-GAAP
    “Adjusted revenue $2,659 $2,684” source
  • EPS Full year fiscal 2027 $7.33 to $7.38 GAAP
    “EPS $7.33 $7.38” source
  • Operating margin Full year fiscal 2027 24.5% to 24.7% GAAP
    “Operating margin 4 24.5% 24.7%” source
  • Adjusted operating margin Full year fiscal 2027 24.1% to 24.3% Non-GAAP
    “Adjusted operating margin 24.1% 24.3%” source
  • GAAP Operating Expenses fiscal year ending June 30, 2027 $2,025m to $2,039m GAAP
    “GAAP OPERATING EXPENSES $ 2,025 $ 2,039 $ 1,909 $ 1,909 $ -” source
Show 3 more items
  • Non-GAAP Adjusted Operating Expenses fiscal year ending June 30, 2027 $2,018m to $2,031m Non-GAAP
    “NON-GAAP ADJUSTED OPERATING EXPENSES** $ 2,018 $ 2,031 $ 1,903 $ 1,895 $ 8” source
  • GAAP Operating Income fiscal year ending June 30, 2027 $658m to $670m GAAP
    “GAAP OPERATING INCOME $ 658 $ 670 $ 635 $ 635 $ -” source
  • Non-GAAP Adjusted Operating Income fiscal year ending June 30, 2027 $641m to $653m Non-GAAP
    “NON-GAAP ADJUSTED OPERATING INCOME** $ 641 $ 653 $ 598 $ 601 $ (3)” source

How earlier guidance turned out

  • EPS, Full year fiscal 2026 guidance guided $6.78 to $6.87 Above range: $6.98
  • Operating margin, Full year fiscal 2026 guidance guided 24.7% to 24.9% Above range: 24.958663%
  • Revenue, Full year fiscal 2026 guidance guided $2,521m to $2,533m Above range: $2,544m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Jack Henry & Associates Inc's revenue by +6.2% next year and +7.0% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.9%, weight 56%) , management guidance (+6.0%, weight 19%) and the company's own record (+7.1%, weight 25%) . How the weights are set.

Analyst recommendations

21 analysts, Oct 2026
Buy1571%
Hold629%
Sell00%

Monthly trend

  1. Oct 2026411621
  2. Sep 2026311620
  3. Aug 202639517
  4. Jul 202648416

Counts of recommendations published by analysts covering Jack Henry & Associates Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.3%
of tradable shares
Days to cover
4.42
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.6%
of shares
Employees
7,300
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +11.4%

$146.71 on October 31, 2025 to $163.42

ThenNowEffect
Revenue (last 12 months) $2.4bn $2.5bn +7.1%
Net margin 19.2% 19.8% +3.0%
P/E multiple 23.5x 23.4x −0.4%
Share count 73m 72m +1.4%

Biggest factor: revenue.

Last 3 years +17.6%

$139.00 on November 3, 2023 to $163.42

ThenNowEffect
Revenue (last 12 months) $2.1bn $2.5bn +22.5%
Net margin 17.6% 19.8% +12.0%
P/E multiple 27.7x 23.4x −15.5%
Share count 73m 72m +1.5%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
JKHY+4%+6%−6%+9%+6%−9%
Industry peers (median)−19%−35%+8%+13%−26%+9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
JKHY67%42%50%75%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
JKHY−17%−18%−24%−9%−23%−35%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 38% from August 5, 2022 to June 22, 2026. Getting back needed a 62% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$122.97 – $190.35
From 52-week high
−14.1%
vs 50-day average
+4.3%
vs 200-day average
+6.5%
Volatility (1 year)
30%
Beta vs S&P 500
-0.12

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±3.2%
After a week
4 up, 7 down
typical move ±5.0%
After a month
5 up, 6 down
typical move ±8.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 29, 2026 +2.0% −2.1% — —
August 18, 2026 +8.8% −0.5% +15.8% +4.6%
August 11, 2026 −1.8% −0.1% −1.3% +4.5%
May 5, 2026 −6.3% +2.2% −5.1% −13.9%
April 28, 2026 +1.8% −0.5% −1.1% −9.8%
February 3, 2026 −3.0% −1.3% −4.8% −6.4%
January 27, 2026 −1.7% +0.4% −9.2% −11.9%
November 4, 2025 +6.1% −0.8% +10.0% +20.1%
October 28, 2025 −4.1% +0.3% −2.5% +11.3%
August 19, 2025 +1.8% −0.8% +0.8% −3.6%
August 11, 2025 −1.1% +0.9% −0.5% −1.2%
May 6, 2025 −0.4% −0.4% +3.5% +5.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Jack Henry & Associates Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Jack Henry & Associates Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Jack Henry & Associates Inc
$2B $2.2B $2.4B $2.6B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $2.1B Revenue (TTM), FY24 Q2: $2.2B Revenue (TTM), FY24 Q3: $2.2B Revenue (TTM), FY24 Q4: $2.2B Revenue (TTM), FY25 Q1: $2.2B Revenue (TTM), FY25 Q2: $2.3B Revenue (TTM), FY25 Q3: $2.3B Revenue (TTM), FY25 Q4: $2.4B Revenue (TTM), FY26 Q1: $2.4B Revenue (TTM), FY26 Q2: $2.5B Revenue (TTM), FY26 Q3: $2.5B Revenue (TTM), FY26 Q4: $2.5B $2.5B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $2.1B
FY24 Q2 $2.2B
FY24 Q3 $2.2B
FY24 Q4 $2.2B
FY25 Q1 $2.2B
FY25 Q2 $2.3B
FY25 Q3 $2.3B
FY25 Q4 $2.4B
FY26 Q1 $2.4B
FY26 Q2 $2.5B
FY26 Q3 $2.5B
FY26 Q4 $2.5B
Revenue growth, TTM YoY Jack Henry & Associates Inc
5% 6% 7% 8% 9% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 6.8% Revenue growth, TTM YoY, FY24 Q2: 8.3% Revenue growth, TTM YoY, FY24 Q3: 8.1% Revenue growth, TTM YoY, FY24 Q4: 6.6% Revenue growth, TTM YoY, FY25 Q1: 5.9% Revenue growth, TTM YoY, FY25 Q2: 5.2% Revenue growth, TTM YoY, FY25 Q3: 5.9% Revenue growth, TTM YoY, FY25 Q4: 7.2% Revenue growth, TTM YoY, FY26 Q1: 7.7% Revenue growth, TTM YoY, FY26 Q2: 8.4% Revenue growth, TTM YoY, FY26 Q3: 8.4% Revenue growth, TTM YoY, FY26 Q4: 7.1% 7.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 6.8%
FY24 Q2 8.3%
FY24 Q3 8.1%
FY24 Q4 6.6%
FY25 Q1 5.9%
FY25 Q2 5.2%
FY25 Q3 5.9%
FY25 Q4 7.2%
FY26 Q1 7.7%
FY26 Q2 8.4%
FY26 Q3 8.4%
FY26 Q4 7.1%
Operating margin (TTM) Jack Henry & Associates Inc
22% 23% 24% 25% 26% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 22.3% Operating margin (TTM), FY24 Q2: 22.4% Operating margin (TTM), FY24 Q3: 22.3% Operating margin (TTM), FY24 Q4: 22.1% Operating margin (TTM), FY25 Q1: 22.6% Operating margin (TTM), FY25 Q2: 22.5% Operating margin (TTM), FY25 Q3: 23.2% Operating margin (TTM), FY25 Q4: 23.9% Operating margin (TTM), FY26 Q1: 24.9% Operating margin (TTM), FY26 Q2: 25.9% Operating margin (TTM), FY26 Q3: 26.0% Operating margin (TTM), FY26 Q4: 25.0% 25.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 22.3%
FY24 Q2 22.4%
FY24 Q3 22.3%
FY24 Q4 22.1%
FY25 Q1 22.6%
FY25 Q2 22.5%
FY25 Q3 23.2%
FY25 Q4 23.9%
FY26 Q1 24.9%
FY26 Q2 25.9%
FY26 Q3 26.0%
FY26 Q4 25.0%
FCF margin (TTM) Jack Henry & Associates Inc
15% 20% 25% 30% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: 17.1% FCF margin (TTM), FY24 Q2: 17.7% FCF margin (TTM), FY24 Q3: 21.2% FCF margin (TTM), FY24 Q4: 23.0% FCF margin (TTM), FY25 Q1: 20.7% FCF margin (TTM), FY25 Q2: 20.8% FCF margin (TTM), FY25 Q3: 20.7% FCF margin (TTM), FY25 Q4: 24.8% FCF margin (TTM), FY26 Q1: 24.6% FCF margin (TTM), FY26 Q2: 26.5% FCF margin (TTM), FY26 Q3: 28.9% FCF margin (TTM), FY26 Q4: 27.3% 27.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 17.1%
FY24 Q2 17.7%
FY24 Q3 21.2%
FY24 Q4 23.0%
FY25 Q1 20.7%
FY25 Q2 20.8%
FY25 Q3 20.7%
FY25 Q4 24.8%
FY26 Q1 24.6%
FY26 Q2 26.5%
FY26 Q3 28.9%
FY26 Q4 27.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Jack Henry & Associates took in during FY2026, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $2.5B
  2. Other income $17.8M · 0.7%
  3. Cost of revenue $1.4B · 56.3%
  4. Gross profit $1.1B · 43.7%
  5. Research and development $176M · 6.9%
  6. Selling, general and admin $299M · 11.8%
  7. Operating income $635M · 25.0%
  8. Income tax $150M · 5.9%
  9. Net income $503M · 19.8%

Shares of revenue. Source: Jack Henry & Associates's 10-K for FY2026, as filed with the SEC. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jun 2010 2011 Jun 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jun 2016 2017 Jun 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jun 2021 2022 Jun 2022 2023 Jun 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 837 967 1,018 1,108 1,173 1,256 1,355 1,431 1,537 1,553 1,697 1,758 1,943 2,078 2,216 2,375 2,544
Gross profit 345 399 419 461 494 536 581 612 683 630 689 695 814 859 916 1,015 1,111
EBITDA 219 258 277 303 341 372 412 391 405 395 433 451 525 529 536 612 677
Operating income 182 216 232 251 288 318 362 342 358 347 381 399 475 481 489 569 635
Net income 118 137 152 168 187 211 249 230 365 272 297 311 363 367 382 456 503
Diluted EPS $1.38 $1.59 $1.74 $1.94 $2.19 $2.59 $3.12 $2.93 $4.70 $3.52 $3.86 $4.12 $4.94 $5.02 $5.23 $6.24 $6.98
Growth (year on year)
Revenue +12.2% +15.6% +5.3% +8.8% +5.9% +7.1% +7.8% +5.6% +7.4% +1.0% +9.3% +3.6% +10.5% +6.9% +6.6% +7.2% +7.1%
EBITDA +11.2% +18.0% +7.2% +9.3% +12.7% +9.0% +10.8% −5.1% +3.6% −2.7% +9.7% +4.3% +16.4% +0.8% +1.2% +14.3% +10.6%
Operating income +15.4% +18.7% +7.1% +8.3% +15.0% +10.3% +13.8% −5.5% +4.6% −2.9% +9.6% +4.8% +19.0% +1.3% +1.8% +16.2% +11.7%
Net income +14.3% +16.6% +10.6% +10.2% +11.4% +13.1% +17.8% −7.8% +59.0% −25.5% +9.1% +5.0% +16.5% +1.0% +4.1% +19.4% +10.3%
Diluted EPS +13.1% +15.2% +9.4% +11.5% +12.9% +18.3% +20.5% −6.1% +60.4% −25.1% +9.7% +6.7% +19.9% +1.6% +4.2% +19.3% +11.9%
Margins
Gross margin 41.3% 41.3% 41.2% 41.7% 42.1% 42.7% 42.9% 42.8% 44.5% 40.6% 40.6% 39.5% 41.9% 41.3% 41.3% 42.7% 43.7%
EBITDA margin 26.2% 26.7% 27.2% 27.3% 29.1% 29.6% 30.4% 27.3% 26.4% 25.4% 25.5% 25.7% 27.0% 25.5% 24.2% 25.8% 26.6%
Operating margin 21.8% 22.4% 22.8% 22.6% 24.6% 25.3% 26.7% 23.9% 23.3% 22.4% 22.4% 22.7% 24.4% 23.1% 22.1% 23.9% 25.0%
Net margin 14.1% 14.2% 14.9% 15.1% 15.9% 16.8% 18.4% 16.0% 23.8% 17.5% 17.5% 17.7% 18.7% 17.6% 17.2% 19.2% 19.8%
Free-cash-flow margin 19.6% 21.5% 21.9% 23.7% 26.3% 25.4% 22.9% 22.0% 24.2% 24.3% 26.9% 25.0% 24.2% 16.5% 23.0% 24.8% 27.3%
Cash flow
Cash from operations 219 240 265 309 342 374 366 357 412 431 511 462 505 382 568 642 762
Capital spending 55 32 41 46 33 54 56 42 40 54 54 23 35 39 58 53 67
Free cash flow 164 208 223 263 308 319 310 315 372 378 457 439 470 342 510 588 695
Stock-based pay 3 5 7 9 10 10 11 11 12 13 17 21 25 29 29 28 32
Free cash flow after stock pay 161 203 216 254 298 309 299 304 360 365 440 418 445 314 481 560 662
Balance sheet
Cash 126 63 157 128 70 148 70 115 31 94 213 51 49 12 38 102 12
Total debt 261 199 132 15 9 53 0 50 0 0 0 100 115 275 150 0 40
Net debt (negative = net cash) 136 136 −26 −113 −61 −96 −70 −65 −31 −94 −213 49 66 263 112 −102 28
Diluted shares 85m 87m 87m 87m 85m 82m 80m 78m 78m 77m 77m 76m 73m 73m 73m 73m 72m
Returned to shareholders
Dividends 30 34 38 48 71 76 84 92 105 119 127 134 139 147 156 165 170
Buybacks 0 0 34 58 176 123 176 130 49 55 72 432 194 25 28 35 448
Total returned 30 34 72 106 247 199 260 222 154 174 199 565 333 172 184 200 619

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 6 checks passed · June 30, 2026
What it owns · $3.1bn
Short-term assets $649mLonger-term assets $2.5bn
What it owes, and who funded it · $3.1bn
Short-term liabilities $556mLonger-term liabilities $538mShareholders' equity $2.1bn
  • Short-term assets cover short-term liabilities $649m of assets due within a year against $556m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $649m short-term assets against $538m of longer-dated liabilities.
  • More cash than debt $12m of cash against $40m of debt.
  • Debt below 40% of shareholders' equity Debt is 2% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 19% to 2% over five years.
  • A year's operating cash flow covers at least 20% of debt $762m of operating cash flow against $40m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Jack Henry & Associates Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$448M
Dividends (TTM)
$170M
Returned to shareholders
89%
of free cash flow
Buybacks, last 3 fiscal years
$511M
Diluted share count
−1.4%
year over year
Total shareholder yield
5.3%
dividends 1.5% + buybacks 3.9% of market value
Dividend payout ratio
34%
of net income paid out
R&D spending
6.9%
of revenue
Sales & admin spending
11.8%
of revenue
Days sales outstanding
50 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in transaction & payment processing services
Last 12 months unless stated JKHY WEX WSE RELY PSFE WU Median
Revenue, last 12 months $2.5bn $2.9bn $1.9bn $1.8bn $1.7bn $4.0bn $1.6bn
Revenue growth, last 12 months 7.1% 9.7% 22.5% 23.8% −0.2% −1.6% 9.3%
Revenue growth, 3-year average 7.0% 4.8% — 31.4% — −2.7% 7.9%
Revenue growth, latest quarter 4.7% 12.8% — 20.2% — −1.3% 14.0%
Gross margin 43.7% 60.4% — — 56.4% 35.1% 45.0%
Operating margin 25.0% 26.6% 31.2% 9.5% 4.2% 15.9% 9.8%
Operating margin, 3-year average 23.7% 25.8% — 0.5% — 17.0% 11.1%
Net margin 19.8% 14.0% 26.3% 16.9% −10.7% 9.8% 6.1%
Cash from operations / revenue 29.9% −4.3% 398.9% 22.4% 13.9% 15.1% 18.4%
Free-cash-flow margin 27.3% −12.8% 397.9% 21.4% 13.1% 14.0% 16.1%
Free-cash-flow margin, 3-year average 25.0% 9.5% — 15.8% — 12.7% 16.3%
Stock pay / revenue 1.3% 4.5% 5.0% 7.9% 1.9% 1.0% 2.2%
Change in share count −1.4% −6.1% −1.5% 4.6% −6.2% −5.6% −2.7%

Median of all 30 companies we cover in transaction & payment processing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

30 transaction & payment processing services companies
Measure Company Peer median Rank
Revenue growth Growth 7.1% 9.7% 18 of 30
Change in growth rate Growth -1.3pp -0.3pp 21 of 30
Gross margin Profitability 43.7% 51.7% 8 of 11
Operating margin Profitability 25.0% 9.8% 7 of 29
Net margin Profitability 19.8% 6.6% 7 of 30
Free-cash-flow margin Cash generation 27.3% 18.4% 9 of 25
Stock pay as % of revenue Cash generation 1.3% 2.3% 6 of 30
Long-term debt as % of assets Balance sheet 1.3% 25.3% 5 of 19
Change in share count Balance sheet -1.4% -1.7% 16 of 26
Days sales outstanding Balance sheet 50 days 53 days 8 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 30, 2026
Segments
Line of business Revenue Share YoY
Payments $936M 36.8% ▲ 7.2%
Core $768M 30.2% ▲ 4.8%
Complementary $752M 29.6% ▲ 8.3%
Corporate Services $87.7M 3.4% ▲ 18.3%
Products and services
Line of business Revenue Share YoY
Licenses and services $1.4B 56.9% ▲ 6.3%
Outsourcing Cloud $816M 56.4% ▲ 7.8%
In House Support $337M 23.3% ▼ 4.6%
Product Delivery and Service $295M 20.4% ▲ 17.2%
Processing $1.1B 43.1% ▲ 8.2%

From Jack Henry & Associates Inc's 10-K filed August 28, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$9.6B
Institutions reporting
710
Shares held vs prior quarter
▼ 4.2%
Positions opened / closed
88 / 148

Top buyers and sellers, Q2 2026: 328 institutions bought and 452 sold ; the biggest buyer was Arrowstreet Capital, Limited Partnership (+1.7M shares) and the biggest seller APG Asset Management N.V (−1.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Kayne Anderson Rudnick Investment Management LLC $718M 5.2M 7.5% ▼ 4.5%
Blackrock, Inc. $705M 5.1M 7.4% ▼ 14.0%
Vanguard Capital Management LLC $640M 4.6M 6.7% ▼ 0.8%
State Street Corp $510M 3.7M 5.3% ▼ 6.4%
Vanguard Portfolio Management LLC $490M 3.6M 5.1% ▼ 0.9%
Geode Capital Management, LLC $379M 2.8M 4.0% ▲ 19.6%
Morgan Stanley $327M 2.4M 3.4% ▼ 11.5%
Arrowstreet Capital, Limited Partnership $290M 2.1M 3.0% ▲ 390.9%
CIBC Bancorp Usa Inc. $263M 1.9M 2.7% ▼ 0.1%
Invesco Ltd. $259M 1.9M 2.7% ▲ 1.5%
Van Eck Associates Corp $180M 1.3M 1.9% ▲ 1918.2%
Wells Fargo & Company $178M 1.3M 1.9% ▼ 6.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Jack Henry & Associates Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $317,135 2 trades by 2 insiders, last 12 months Insider sales History → $3.5M 2 trades by 2 insiders · 0% under pre-set plans
Net ▼ $3.2M net selling
Insider Date Trade Shares Price Value
Carsley Mimi CFO and Treasurer May 14, 2026 Buy 375 $134.12 $50,295
Adelson Gregory R. President & CEO May 14, 2026 Buy 2,000 $133.42 $266,840
Foss David B Director December 1, 2025 Sell 20,000 $174.92 $3.5M
Mclachlan Shanon G. COO November 10, 2025 Sell 227 $160.83 $36,508

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 16 trades and filings

In the last 12 months, 1 member of Congress disclosed 3 purchases and 1 sale of Jack Henry & Associates Inc shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded June 16, 2026, filed July 2, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded April 14, 2026, filed May 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded November 18, 2025, filed December 15, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

  • October 29, 2026
  • August 18, 2026
  • August 11, 2026
  • May 5, 2026
  • April 28, 2026
  • February 3, 2026

Recent SEC filings

Data status

When each part of this page on Jack Henry & Associates Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Jack Henry & Associates Inc in brief

What does Jack Henry & Associates Inc do?
Jack Henry & Associates Inc is a US-listed company in the transaction & payment processing services industry. Its financial year ends in June.
What is Jack Henry & Associates Inc's stock ticker?
Jack Henry & Associates Inc trades under the ticker JKHY on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Jack Henry & Associates Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Jack Henry & Associates Inc reported revenue of $2.5B, 7.1% higher than a year earlier, according to its SEC filings.
What is Jack Henry & Associates Inc's free cash flow?
Jack Henry & Associates Inc's free-cash-flow margin is 27.3% of revenue over the trailing twelve months, ranking 9 of the 25 transaction & payment processing services companies we cover.
What is Jack Henry & Associates Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Jack Henry & Associates Inc's free cash flow after stock-based pay gives ~$190 per share in the base case, and ~$140–$250 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Jack Henry & Associates Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Kayne Anderson Rudnick Investment Management LLC, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Jack Henry & Associates Inc buying back stock, and does it pay a dividend?
Jack Henry & Associates Inc spent $448M on share repurchases over the trailing twelve months, and its diluted share count fell 1.4% over the year.
What is Jack Henry & Associates Inc's market cap?
On June 30, 2026, Jack Henry & Associates Inc's market capitalisation was about $9.9B, with a price-to-earnings ratio of 19.7 and net debt of $27.9M. Market figures come from third-party market data and may be delayed.
Does Jack Henry & Associates Inc pay a dividend?
Yes: Jack Henry & Associates Inc paid $170M in dividends over the trailing twelve months, a dividend yield of 1.47% and a payout ratio of 33.9%.
How much debt does Jack Henry & Associates Inc have?
Jack Henry & Associates Inc's debt-to-equity ratio is 1.9%, from its latest balance sheet (18.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Jack Henry & Associates Inc's competitors?
In our Transaction & Payment Processing Services peer group, the companies closest to Jack Henry & Associates Inc are WEX Inc., Wise Group plc, Remitly Global, Inc., Paysafe Ltd and Western Union Co. The side-by-side comparison below sets their revenue, margins and growth against Jack Henry & Associates Inc's.
Are insiders buying or selling Jack Henry & Associates Inc stock?
Over the last 12 months, Jack Henry & Associates Inc's directors and officers reported 2 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.
When is Jack Henry & Associates Inc's next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Jack Henry & Associates Inc announces its own schedule.