Jack Henry & Associates (JKHY) Research

Forward Estimates

EPS Estimates

Current Qtr

$1.44

$1.41$1.46

vs $1.56-7.8%

8 analysts

Next Qtr

$1.97

$1.83$2.04

vs $1.86+5.8%

6 analysts

Current Yr

$6.53

$6.40$6.85

vs $5.95+9.7%

8 analysts

Next Yr

$7.07

$6.89$7.30

vs $6.53+8.3%

10 analysts

Revenue Estimates

Current Qtr

$629.11M

$623.35M$633.00M

vs $615.37M+2.2%

13 analysts

Next Qtr

$680.55M

$670.60M$688.70M

vs $644.74M+5.5%

13 analysts

Current Yr

$2.53B

$2.52B$2.53B

vs $2.38B+6.5%

15 analysts

Next Yr

$2.68B

$2.66B$2.71B

vs $2.53B+6.0%

15 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for JKHY on EDGAR.

JKHY filing events and research context
Filed	Item	Context
Aug 25, 2025	business	Jack Henry & Associates provides financial technology solutions primarily to community and regional banks and credit unions. The company operates three core banking platforms—SilverLake, CIF 20/20, and Core Director—and a flagship credit union platform, Symitar. Beyond core processing, it offers core-agnostic solutions including the Banno Digital Platform for digital banking and Payrailz for AI-driven cloud-native payments. Revenue is primarily recurring, driven by private and public cloud services and electronic payment solutions, typically under six-year contracts. A key strategic priority is technology modernization via the Jack Henry Platform, a public cloud-native, API-first architecture designed to increase flexibility and speed to market. While the broader industry faces consolidation through mergers and acquisitions, Jack Henry has increased its net core footprints and average assets under management. The company competes with large-scale vendors such as FIS, Fiserv, Corelation, and Finastra. Operational risks include stringent regulatory oversight from the Federal Banking Agencies and the CFPB, as well as the necessity of maintaining high client retention rates through continuous R&D investment and a disciplined acquisition strategy to fill product gaps.
Aug 25, 2025	mda	Jack Henry & Associates provides technology and payment processing to community and regional banks and credit unions. In fiscal 2025, total revenue increased 7.2%, with organic growth driven by cloud data processing, card fraud detection and risk management services, and increased digital active user volumes. Net income grew 19.4% to $455.7 million, resulting in diluted EPS of $6.24. The Core, Payments, and Complementary segments all experienced organic revenue growth, while the Corporate and Other segment declined due to lower hardware sales. Operating expenses rose 4.7%, primarily reflecting higher personnel compensation and internal license fees. The company ended the fiscal year with no outstanding debt and $101.9 million in cash and cash equivalents. Significant capital commitments include a $1.02 billion strategic services agreement for card processing extending to 2038. Looking forward, management notes strong demand from larger financial institutions and anticipates financial impacts from the "One Big Beautiful Bill Act" (H.R. 1), which restores immediate expensing for domestic R&D and 100% bonus depreciation for qualified property. These tax changes will be incorporated into financial results starting in the quarter ending September 30, 2025.
Aug 25, 2025	risk_factors	JKHY is exposed to significant cybersecurity risks, including AI-enhanced phishing and ransomware, exacerbated by a remote workforce and reliance on third-party hosting. Operational stability is critical for processing high volumes of debit, credit, ACH, Zelle, RTP, and FedNow transactions; any interruption could lead to revenue loss and increased regulatory scrutiny. The company's primary market—approximately 4,440 commercial banks and 4,550 credit unions—is shrinking due to industry consolidation and financial failures. While client contracts typically span six years, JKHY faces potential price compression during renewals and a limited ability to pass through inflationary costs to clients. Regulatory pressure is intense, with oversight from the OCC, Federal Reserve, FDIC, CFPB, and NCUA, alongside a fragmented data privacy landscape. The integration of AI and machine learning introduces risks regarding algorithmic bias and evolving legal frameworks. Growth depends on successful M&A, which carries risks of integration failure and goodwill impairment. Additionally, variable-rate debt exposes the company to interest rate volatility, and significant deferred tax liabilities could impact future cash flows. Failure to maintain technological infrastructure or adapt to rapid software evolution could further erode its competitive position against both established vendors and agile startups.

Filed

Item

Context

Aug 25, 2025

business

Jack Henry & Associates provides financial technology solutions primarily to community and regional banks and credit unions. The company operates three core banking platforms—SilverLake, CIF 20/20, and Core Director—and a flagship credit union platform, Symitar. Beyond core processing, it offers core-agnostic solutions including the Banno Digital Platform for digital banking and Payrailz for AI-driven cloud-native payments. Revenue is primarily recurring, driven by private and public cloud services and electronic payment solutions, typically under six-year contracts. A key strategic priority is technology modernization via the Jack Henry Platform, a public cloud-native, API-first architecture designed to increase flexibility and speed to market. While the broader industry faces consolidation through mergers and acquisitions, Jack Henry has increased its net core footprints and average assets under management. The company competes with large-scale vendors such as FIS, Fiserv, Corelation, and Finastra. Operational risks include stringent regulatory oversight from the Federal Banking Agencies and the CFPB, as well as the necessity of maintaining high client retention rates through continuous R&D investment and a disciplined acquisition strategy to fill product gaps.

Aug 25, 2025

mda

Jack Henry & Associates provides technology and payment processing to community and regional banks and credit unions. In fiscal 2025, total revenue increased 7.2%, with organic growth driven by cloud data processing, card fraud detection and risk management services, and increased digital active user volumes. Net income grew 19.4% to $455.7 million, resulting in diluted EPS of $6.24. The Core, Payments, and Complementary segments all experienced organic revenue growth, while the Corporate and Other segment declined due to lower hardware sales. Operating expenses rose 4.7%, primarily reflecting higher personnel compensation and internal license fees. The company ended the fiscal year with no outstanding debt and $101.9 million in cash and cash equivalents. Significant capital commitments include a $1.02 billion strategic services agreement for card processing extending to 2038. Looking forward, management notes strong demand from larger financial institutions and anticipates financial impacts from the "One Big Beautiful Bill Act" (H.R. 1), which restores immediate expensing for domestic R&D and 100% bonus depreciation for qualified property. These tax changes will be incorporated into financial results starting in the quarter ending September 30, 2025.

Aug 25, 2025

risk_factors

JKHY is exposed to significant cybersecurity risks, including AI-enhanced phishing and ransomware, exacerbated by a remote workforce and reliance on third-party hosting. Operational stability is critical for processing high volumes of debit, credit, ACH, Zelle, RTP, and FedNow transactions; any interruption could lead to revenue loss and increased regulatory scrutiny. The company's primary market—approximately 4,440 commercial banks and 4,550 credit unions—is shrinking due to industry consolidation and financial failures. While client contracts typically span six years, JKHY faces potential price compression during renewals and a limited ability to pass through inflationary costs to clients. Regulatory pressure is intense, with oversight from the OCC, Federal Reserve, FDIC, CFPB, and NCUA, alongside a fragmented data privacy landscape. The integration of AI and machine learning introduces risks regarding algorithmic bias and evolving legal frameworks. Growth depends on successful M&A, which carries risks of integration failure and goodwill impairment. Additionally, variable-rate debt exposes the company to interest rate volatility, and significant deferred tax liabilities could impact future cash flows. Failure to maintain technological infrastructure or adapt to rapid software evolution could further erode its competitive position against both established vendors and agile startups.

Forward Estimates

JKHY filing events and research context

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