Jack Henry & Associates, Inc.

JKHY · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Valuation
Market cap	$9,787	$13,181	$12,103	$12,194	$13,117	$12,106	$13,626	$9,916	$9,652	$7,691	$6,462	$4,790	$4,911	$4,081	$2,970	$2,592	$2,013	$1,745	$1,910	$2,321	$1,799	$1,664	$1,795	$1,563	$1,404	$2,692	$2,023	$791	$674	$469	$407	$176	$93	$94	$55	$18	$10	$9	$9	$14	$11
Enterprise value	$9,814	$13,079	$12,215	$12,332	$13,343	$12,171	$13,413	$9,822	$9,621	$7,626	$6,391	$4,695	$4,850	$3,969	$2,944	$2,682	$2,273	$1,690	$1,914	$2,302	$1,772	$1,697	$1,741	$1,530	$1,385	$2,673	$2,087	$782	$651	$461	$402	$173	$91	$89	$53	$17	$8	$8	$9	$13	$7
P/E (TTM) at period end	19.46×	28.92×	31.70×	33.26×	36.14×	38.87×	45.93×	36.47×	26.44×	33.50×	25.96×	22.68×	26.30×	24.35×	19.53×	18.85×	17.08×	16.93×	18.33×	22.18×	20.00×	22.04×	28.81×	31.64×	24.60×	48.39×	59.46×	24.97×	31.37×	30.65×	42.00×	22.05×	14.78×	14.91×	13.69×	8.33×	–	–	8.68×	23.61×	9.97×
P/S (TTM) at period end	3.85×	5.55×	5.46×	5.87×	6.75×	6.89×	8.03×	6.39×	6.28×	5.37×	4.77×	3.81×	4.19×	3.69×	2.92×	2.68×	2.41×	2.34×	2.57×	3.47×	3.04×	3.11×	3.84×	3.86×	3.54×	7.79×	8.98×	4.29×	5.95×	5.68×	6.03×	3.83×	2.42×	2.88×	2.29×	0.89×	0.98×	0.88×	0.48×	0.89×	0.86×
P/B at period end	4.77×	6.19×	6.57×	7.58×	9.49×	9.18×	8.79×	6.94×	7.30×	6.99×	6.49×	4.83×	5.08×	4.02×	3.17×	2.95×	2.68×	2.79×	3.18×	3.88×	3.13×	3.22×	4.05×	4.28×	4.12×	8.90×	13.09×	6.91×	9.18×	8.88×	10.89×	5.98×	3.93×	5.34×	4.42×	1.99×	1.13×	0.92×	0.83×	1.49×	1.64×
EV / EBITDA (TTM)	14.49×	21.36×	22.80×	23.29×	25.40×	26.97×	30.99×	24.89×	23.73×	19.48×	15.50×	12.62×	14.21×	13.11×	10.63×	10.38×	10.39×	8.59×	9.33×	10.99×	9.68×	10.74×	13.15×	14.24×	12.14×	24.83×	31.40×	13.67×	16.74×	16.29×	17.65×	12.45×	–	–	–	–	3.15×	–	–	–	–
EV / Sales (TTM)	3.86×	5.51×	5.51×	5.94×	6.87×	6.92×	7.90×	6.33×	6.26×	5.33×	4.72×	3.74×	4.13×	3.58×	2.89×	2.77×	2.72×	2.27×	2.58×	3.45×	2.99×	3.17×	3.72×	3.78×	3.49×	7.74×	9.26×	4.24×	5.74×	5.58×	5.95×	3.75×	2.38×	2.73×	2.23×	0.83×	0.84×	0.86×	0.48×	0.82×	0.55×
Returns
Return on equity	24.5%	21.4%	20.7%	22.8%	26.3%	23.6%	19.1%	19.0%	27.6%	20.9%	25.0%	21.3%	19.3%	16.5%	16.2%	15.6%	15.7%	16.5%	17.3%	17.5%	15.6%	14.6%	14.1%	13.5%	16.7%	18.4%	22.0%	27.7%	29.3%	29.0%	25.9%	27.1%	26.6%	35.8%	32.3%	23.9%	(7.1%)	(14.0%)	9.5%	6.3%	16.4%
Return on invested capital	23.5%	21.8%	19.2%	21.3%	22.7%	22.6%	22.2%	20.4%	27.7%	22.2%	27.0%	23.7%	20.7%	19.0%	17.0%	14.8%	11.7%	18.1%	15.1%	17.9%	16.2%	13.6%	15.9%	14.7%	17.3%	19.3%	15.4%	27.9%	42.3%	33.9%	36.6%	28.5%	26.0%	38.3%	31.1%	23.3%	11.8%	3.3%	9.5%	5.5%	35.2%
Dividend yield	1.7%	1.2%	1.3%	1.2%	1.1%	1.1%	0.9%	1.2%	1.1%	1.2%	1.3%	1.6%	1.5%	1.2%	1.3%	1.3%	1.5%	1.5%	1.3%	0.9%	1.0%	0.9%	–	0.8%	0.8%	0.4%	0.4%	0.7%	0.7%	0.8%	0.7%	1.4%	2.3%	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.17×	1.27×	1.00×	1.20×	1.13×	1.04×	1.35×	1.21×	1.05×	1.10×	0.97×	1.11×	0.87×	1.05×	1.17×	0.93×	0.88×	1.04×	0.97×	1.06×	1.16×	1.06×	1.50×	1.48×	1.60×	1.61×	0.69×	1.38×	1.76×	1.57×	1.32×	0.98×	1.80×	1.62×	1.66×	1.41×	1.39×	1.87×	1.37×	1.48×	2.71×
Debt / equity	0.02×	–	0.08×	0.17×	0.08×	0.08×	0.00×	–	–	0.05×	0.00×	0.05×	0.01×	0.02×	0.14×	0.18×	0.50×	0.10×	0.12×	0.12×	0.09×	0.09×	–	–	–	0.00×	0.46×	0.01×	–	–	–	–	–	–	–	–	0.02×	0.12×	0.17×	0.24×	0.13×
Effective tax rate	23.0%	22.2%	23.3%	22.7%	23.2%	21.7%	22.1%	21.7%	(2.5%)	32.7%	31.0%	33.3%	35.1%	31.6%	33.0%	33.8%	34.8%	34.5%	36.0%	34.7%	35.8%	37.0%	37.5%	36.5%	35.5%	36.0%	33.6%	36.6%	37.1%	37.1%	38.2%	37.0%	35.7%	32.9%	36.1%	37.1%	40.0%	40.0%	41.2%	33.3%	42.1%
Share count
Diluted shares outstanding	72	73	73	73	73	76	77	77	78	78	80	82	85	87	87	87	85	85	90	92	94	93	92	89	92	91	85	85	82	81	75	72	70	57	57	55	60	65	50	60	54

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986
Revenue and gross profit
Revenue	$2,544	$2,544	$2,375	$2,216	$2,078	$1,943	$1,758	$1,697	$1,553	$1,537	$1,431	$1,355	$1,256	$1,173	$1,108	$1,018	$967	$837	$746	$743	$668	$592	$536	$467	$405	$397	$345	$225	$184	$113	$83	$68	$46	$38	$33	$24	$21	$10	$10	$18	$16	$13
Cost of revenue	($1,434)	($1,434)	($1,361)	($1,299)	($1,219)	($1,129)	($1,063)	($1,008)	($923)	($853)	($806)	($774)	($720)	($679)	($646)	($599)	($568)	($491)	($446)	($436)	($382)	($336)	($313)	($279)	($251)	($235)	($194)	($112)	($92)	($50)	($37)	($30)	($21)	($20)	($18)	($13)	($12)	($7)	($9)	($7)	($8)	($8)
Gross profit	$1,111	$1,111	$1,015	$916	$859	$814	$695	$689	$630	$683	$612	$581	$536	$494	$461	$419	$399	$345	$299	$307	$286	$256	$222	$188	$153	$161	$152	$114	$93	$63	$46	$38	$25	$18	$14	$11	$8	$3	$0	$11	$8	$5
Operating expenses
Research and development	($176)	($176)	($163)	($148)	($143)	($121)	($109)	($110)	($96)	($90)	($85)	($81)	($71)	($67)	($63)	($61)	($63)	($51)	($43)	($43)	($36)	($32)	($28)	($24)	($16)	($13)	($11)	($8)	($5)	($3)	($2)	($2)	($1)	($1)	–	–	–	–	–	–	–	–
Selling, general and administrative	($299)	($299)	($283)	($278)	($235)	($218)	($187)	($198)	($186)	($172)	($70)	($158)	($64)	($53)	($67)	($50)	($52)	($51)	($44)	($100)	($92)	($85)	($76)	($65)	($60)	($62)	($55)	($39)	($31)	($21)	($15)	($13)	($10)	($8)	($7)	($6)	($5)	–	–	($9)	($7)	($3)
Total operating expenses	($476)	($476)	($446)	($427)	($378)	($340)	($296)	($308)	($282)	($326)	($270)	($219)	($218)	($206)	($211)	($187)	($183)	($163)	($142)	($164)	($128)	($117)	($103)	($89)	($76)	($75)	($66)	($63)	($44)	($29)	($21)	($18)	($14)	($9)	($7)	($6)	($5)	($1)	–	($10)	($8)	($4)
Total costs and expenses	($1,909)	($1,909)	($1,807)	($1,726)	($1,597)	($1,468)	($1,360)	($1,316)	($1,205)	($1,179)	($1,089)	($993)	($938)	($885)	($857)	($786)	($751)	($654)	($588)	($600)	($510)	($453)	($417)	($369)	($327)	($310)	($260)	($174)	($135)	($80)	($58)	($48)	($34)	($30)	($25)	($19)	($18)	($8)	($9)	($16)	($15)	($11)
Operating income	$635	$635	$569	$489	$481	$475	$399	$381	$347	$358	$342	$362	$318	$288	$251	$232	$216	$182	$158	$143	$159	$139	$119	$99	$77	$87	$86	$51	$49	$34	$24	$19	$12	$9	$7	$5	$3	$1	$0	$2	$1	$2
Earnings
EBITDA	$677	$677	$612	$536	$529	$525	$451	$433	$395	$405	$391	$412	$372	$341	$303	$277	$258	$219	$197	$205	$210	$183	$158	$132	$107	$114	$108	$66	$57	$39	$28	$23	$14	–	–	–	–	$3	–	–	–	–
Interest income	$23	$23	$28	$25	$9	$0	$0	$1	$1	$1	$0	$0	$0	$0	$1	$1	$0	$0	$1	$2	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($5)	($5)	($10)	($16)	($15)	($2)	($1)	($1)	($1)	($2)	($1)	($1)	($2)	($1)	($6)	($6)	($9)	($2)	($1)	($2)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$653	$653	$586	$498	$475	$472	$398	$381	$347	$356	$341	$361	$316	$288	$245	$227	$208	$181	$157	$164	$160	$140	$120	$100	$78	$88	$87	$52	$51	$35	$25	$20	$13	$10	$8	$6	$4	$2	($0)	$2	$1	$2
Income tax expense	($150)	($150)	($130)	($116)	($108)	($109)	($86)	($84)	($75)	$9	($111)	($112)	($105)	($101)	($77)	($75)	($70)	($63)	($54)	($59)	($56)	($50)	($44)	($37)	($28)	($31)	($31)	($17)	($19)	($13)	($9)	($8)	($5)	($4)	($3)	($2)	($1)	($1)	$0	($1)	($0)	($1)
Net income	$503	$503	$456	$382	$367	$363	$311	$297	$272	$365	$230	$249	$211	$187	$168	$152	$137	$118	$103	$104	$105	$90	$76	$62	$49	$57	$56	$34	$32	$22	$15	$10	$8	$6	$6	$4	$2	($1)	($1)	$1	$1	$1
Per share
Diluted EPS (GAAP)	$6.98	$6.98	$6.24	$5.23	$5.02	$4.94	$4.12	$3.86	$3.52	$4.70	$2.93	$3.12	$2.59	$2.19	$1.94	$1.74	$1.59	$1.38	$1.22	$1.16	$1.14	$0.96	$0.81	$0.68	$0.55	$0.62	$0.61	$0.40	$0.38	$0.28	$0.22	$0.13	$0.11	$0.09	$0.11	$0.07	$0.04	($0.01)	($0.02)	$0.02	$0.01	$0.03
Basic EPS (GAAP)	$7.00	$7.00	$6.25	$5.24	$5.03	$4.95	$4.12	$3.86	$3.52	$4.73	$2.95	$3.13	$2.60	$2.20	$1.95	$1.76	$1.60	$1.39	$1.23	$1.18	$1.16	$0.98	$0.83	$0.70	$0.56	$0.64	$0.64	$0.41	$0.40	$0.30	$0.23	$0.14	$0.11	$0.09	$0.11	$0.07	$0.04	($0.01)	($0.02)	$0.02	$0.01	$0.03
Basic shares outstanding	72	72	73	73	73	73	76	77	77	77	78	79	81	85	86	87	86	85	84	88	90	91	91	89	88	89	87	81	81	79	77	69	72	70	57	57	55	60	65	50	60	54
Margins
Gross margin	43.7%	43.7%	42.7%	41.3%	41.3%	41.9%	39.5%	40.6%	40.6%	44.5%	42.8%	42.9%	42.7%	42.1%	41.7%	41.2%	41.3%	41.3%	40.2%	41.4%	42.8%	43.3%	41.5%	40.2%	37.9%	40.6%	43.9%	50.4%	50.4%	55.5%	55.2%	55.6%	54.9%	46.6%	43.3%	46.4%	39.6%	26.5%	5.2%	62.4%	51.9%	40.6%
Operating margin	25.0%	25.0%	23.9%	22.1%	23.1%	24.4%	22.7%	22.4%	22.4%	23.3%	23.9%	26.7%	25.3%	24.6%	22.6%	22.8%	22.4%	21.8%	21.2%	19.2%	23.7%	23.5%	22.2%	21.1%	19.1%	21.8%	24.8%	22.6%	26.7%	29.8%	29.3%	28.4%	25.6%	22.9%	22.4%	22.2%	14.5%	14.3%	5.2%	9.4%	4.4%	13.3%
Net margin	19.8%	19.8%	19.2%	17.2%	17.6%	18.7%	17.7%	17.5%	17.5%	23.8%	16.0%	18.4%	16.8%	15.9%	15.1%	14.9%	14.2%	14.1%	13.8%	14.0%	15.7%	15.2%	14.1%	13.3%	12.2%	14.4%	16.1%	15.1%	17.2%	19.0%	18.5%	14.3%	17.4%	16.4%	19.3%	16.7%	10.6%	(6.1%)	(13.4%)	5.5%	3.8%	8.6%

Analyst consensus

Buy24 analysts

Bearish · 0 · Hold · 9 · Bullish · 15

Earnings history

	EPS	Estimate
Q1 2025	$1.63	$1.61	Beat
Q2 2025	$1.34	$1.31	Beat
Q3 2025	$1.52	$1.37	Beat
Q4 2025	$1.75	$1.58	Beat
Q1 2026	$1.97	$1.71	Beat
Q2 2026	$1.72	$1.43	Beat
Q3 2026	$1.71	$1.43	Beat
Q4 2026	$1.57	$1.47	Beat

Peers

Company overview

IPO dateNov 20, 1985

CEOGregory R. Adelson

Employees7,300

SectorTechnology

IndustryInformation Technology Services

CountryUS

ExchangeNASDAQ

Websitewww.jackhenry.com

Jack Henry & Associates, Inc. operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, general ledger transactions, and maintain centralized accountholder information. The Payments segment offers secure payment processing tools and services, including ATM, automated clearing house origination and remote deposit capture processing, and risk management products and services, as well as debit and credit card processing services, and online and mobile bill pay solutions. The Complementary segment provides software, and hosted processing platforms and services comprising digital/mobile banking, treasury, online account opening, fraud/anti-money laundering, and lending/deposit solutions. The Corporate and Other segment offers hardware and other products. It offers specialized financial performance, imaging and payment, information security and risk management, retail delivery, and online and mobile solutions to financial services organizations and corporate entities. The company also provides SilverLake system, a system primarily designed for commercial-focused banks; Symitar, a system designed for credit unions; CIF 20/20, a parameter-driven system for banks; and Core Director, a system with point-and-click operation for banks. It provides digital products and services under the Banno Digital Platform, and electronic payment solutions; hardware systems; implementation, training, and support and service solutions; data center solutions; and data and transaction processing, and software licensing and related services, as well as professional services. The company was founded in 1976 and is headquartered in Monett, Missouri.

Athenic provides research and information tools for educational purposes only and is not a registered investment adviser or broker-dealer. Nothing on this page is investment advice or a recommendation to buy or sell any security. Market data may be delayed. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.