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Not Investment Advice

JKHY

NASDAQ · USD
Jack Henry & Associates, Inc.
Technology · Information Technology Services
CEO Gregory R. Adelson Employees 7,300 R&D / revenue 7.1%
Last price
$153.19−2.10%last session
Market cap
$10.7B
P/E (TTM)
21.9x
From 52w high
−20.8%
From 52w low
+26.6%
1-year return
+1.7%
RSI 14 · vs SMA200
52.6 · −1.1%
IS score
74.9/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

JKHY   SPY   XLK (sector ETF) · weekly closes
80100120140Jan 26Apr 26Jul 26Oct 26XLK 129SPY 116JKHY 102

Score DNA

Each bar is a 0-100 score within the scored universe
75
Profitability
53
Growth
52
Value
80
Momentum
100
Risk (safety)
86
Quality
71
Balance sheet
69
Earnings quality

Flags

Strengths
✓ FCF yield 5%+✓ Insider buying✓ Congress buying
Warnings
None of the computed warning flags fires for JKHY (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Narrow, Cost AdvantagePiotroski 6 / 9Altman Z 8.6Beta 0.563 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
2
$0.32M bought
Form 144 notices (12m): 3, $8.5M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
3
Last disclosed purchase 2026-06-16
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−58
99 new holders, 149 closed
715 filers hold 97.2% · 238 added, 311 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+76
585 funds adding shares
509 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
49.9%
20-day avg 51.0%, 50-day avg 58.0%
Latest 1.1 pp under its 20-day average · a flow, not short interest

Key financials · FY2026

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$2.5B
Revenue growth YoY+5.1%
Gross margin43.1%
Operating income$606.2M
Operating margin24.3%
Net income$502.8M
Net margin20.1%
EPS (diluted)$6.98
Cash flow
Operating cash flow$762.0M
Capital expenditure$67.1M
Free cash flow$694.9M
FCF conversion (FCF / OCF)91.2%
Stock-based compensation$32.5M
FCF less SBC$662.4M
Buybacks$448.2M
Dividends$170.4M
Balance sheet & returns
Cash & short-term investments$12.1M
Total debt$40.0M
Net debt$27.9M
Shareholders' equity$2.1B
Goodwill & intangibles$1.5B
Debt / equity0.02
ROE (TTM)23.5%
ROIC (TTM)18.8%
Operating margin by fiscal year
24.4%FY202223.1%FY202322.1%FY202423.9%FY202524.9%FY2026
Revenue $1.9B (FY2022) to $2.5B (FY2026), a 6.5% CAGR.

Valuation

P/E (TTM)21.9x
EV / EBITDA12.5x
Price / sales4.24x
Price / FCF15.5x
FCF yield6.47%
Buyback yield4.17%
SBC / revenue0.9%
Price / book5.38x
Forward P/E FY202720.8x
Forward P/E FY202819.0x
Forward multiples divide today's price by Street EPS estimates. Street mean target $186.08 across 13 analysts last quarter is theirs, not ours.

JKHY vs industry median

261 companies in Information Technology Services
Gross margin 43.6% 27.8% Operating margin 24.9% 1.7% Net margin 19.8% -1.0% ROIC 18.8% 7.2%
JKHY (TTM)Industry median Asset turnover 0.81 vs industry 0.83 · financial leverage 1.53

Earnings delivery

Next report 2026-11-03 · consensus EPS $2.06
92%
beat rate, 11 of 12 quarters
+8.7%
median EPS surprise
6
longest beat streak
+5+11+2+5+1-2+11+11+15+20+20+7
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-11-07 to 2026-08-18. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
JKHY Jack Henry & Associates, Inc $10.7B21.9x23.5%19.8%+5.1% +1.7%
IT Gartner, Inc. $13.0B18.4x113.6%16.4%+0.7% −13.1%
CACI CACI International Inc $13.6B25.3x12.8%5.8%+10.9% +18.5%
LDOS Leidos Holdings, Inc. $15.7B11.5x27.9%7.8%+3.4% −32.1%
G Genpact Limited $6.3B11.0x22.4%10.8%+6.5% −4.1%
EPAM EPAM Systems, Inc. $6.3B16.5x11.2%7.3%+10.8% —
FIS Fidelity National Informatio $18.6B5.5x22.3%6.8%+20.4% —
INGM Ingram Micro Holding Corpora $6.1B14.5x10.3%0.8%+45.7% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-08-24Officer/Director Change; Exhibits
2026-08-18Earnings Release; Exhibits
2026-08-11Earnings Release; Exhibits
2026-06-04Officer/Director Change; Regulation FD; Exhibits
2026-05-12Other Events; Exhibits
2026-05-05Earnings Release; Exhibits

Context

Shares outstanding70,112,000
Free float99.4%
Institutional ownership97.2%
Beta0.56
Dividend yield1.57%
Last dividend$0.61 on 2026-09-04
50 / 200-day average$156.38 / $156.04
Large-cap Technology median P/E34.8x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Narrow).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where JKHY sits among 38 scored companies in Information Technology Services (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureJKHYIndustry medianIndustry percentileSector median
P/E (TTM) 21.4x 15.1x
79th		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) 1.84 1.40
56th		 1.36
Price / sales 4.2x 1.2x
86th		 3.9x
Price / book 5.2x 2.2x
83rd		 4.4x
Price / tangible book 19.6x 5.3x
76th		 8.8x
Price / free cash flow 15.5x 11.0x
80th		 20.3x
Price / operating cash flow 14.1x 9.6x
82nd		 17.9x
Enterprise value $10.8B $6.0B
70th		 $5.5B
EV / sales 4.3x 1.5x
86th		 4.1x
EV / EBITDA 12.5x 9.3x
69th		 18.9x
EV / EBIT 16.6x 12.3x
72nd		 26.7x
EV / free cash flow 15.5x 13.2x
70th		 21.9x
Earnings yield 4.7% 5.7%
41st		 2.0%
FCF yield 6.5% 8.3%
35th		 3.3%
Operating cash flow yield 7.1% 10.1%
27th		 4.4%
Graham number (per share) $66.88 $55.70
59th		 $28.08

Profitability (TTM)

MeasureJKHYIndustry medianIndustry percentileSector median
Gross margin 43.6% 31.9%
78th		 55.7%
EBITDA margin 34.0% 12.6%
95th		 13.7%
Operating margin 24.9% 8.4%
100th		 8.2%
EBIT margin 25.6% 8.1%
97th		 8.6%
Net margin 19.8% 4.9%
95th		 5.7%
NOPAT margin 19.2% 6.3%
100th		 7.0%
FCF margin 27.4% 10.1%
95th		 15.0%
Operating cash flow margin 30.1% 13.4%
97th		 18.4%
R&D / revenue 7.0% 0.0%
89th		 12.9%
SG&A / revenue 11.7% 17.6%
22nd		 25.6%
Stock comp / revenue 0.9% 1.1%
47th		 4.4%
Effective tax rate 23.0% 22.9%
53rd		 21.0%

Returns on capital

MeasureJKHYIndustry medianIndustry percentileSector median
ROE (on average equity) 24.0% 14.0%
62nd		 9.4%
ROA 16.2% 4.3%
92nd		 4.1%
ROIC 23.4% 7.9%
86th		 9.0%
ROCE 25.1% 11.3%
86th		 8.6%
Return on tangible assets 21.0% 7.9%
95th		 5.9%
Cash ROIC (OCF / invested capital) 36.6% 16.3%
92nd		 20.7%
Gross profitability (GP / assets) 35.1% 24.4%
76th		 30.0%
ROIC, 3-yr average 17.7% 9.4%
84th		 7.4%
ROIC, 5-yr average 20.4% 9.0%
84th		 7.9%
ROE, 5-yr average 21.3% 12.9%
69th		 6.9%
Incremental ROIC -347.1% 11.4%
6th		 15.3%

Growth

MeasureJKHYIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 6.7% 7.0%
49th		 14.3%
Revenue growth (QoQ) -0.5% 3.6%
14th		 6.6%
Revenue CAGR, 3 yr 6.8% 6.8%
50th		 9.6%
Revenue CAGR, 5 yr 7.6% 8.0%
43rd		 11.5%
Gross profit CAGR, 3 yr 8.8% 6.7%
64th		 10.9%
Operating income CAGR, 3 yr 9.5% 6.0%
60th		 11.3%
Net income growth (TTM YoY) 10.3% 7.2%
64th		 21.6%
Net income CAGR, 3 yr 11.1% 6.9%
59th		 9.9%
EPS growth (TTM YoY) 11.8% 10.5%
54th		 22.3%
EPS CAGR, 3 yr 11.6% 8.9%
59th		 11.2%
EPS CAGR, 5 yr 10.7% 12.7%
41st		 12.0%
FCF growth (TTM YoY) 18.1% 13.7%
62nd		 24.6%
FCF CAGR, 3 yr 38.7% 8.9%
81st		 19.3%
Operating cash flow CAGR, 3 yr 25.9% 7.3%
83rd		 17.9%
Book value CAGR, 3 yr 4.1% 6.9%
38th		 6.8%
Dividend CAGR, 3 yr 1.6% 3.5%
29th		 3.1%
Sustainable growth rate 15.9% 14.3%
57th		 14.2%

Margin history & stability

MeasureJKHYIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 42.6% 30.8%
82nd		 53.2%
Operating margin, 3-yr average 23.6% 9.1%
97th		 6.6%
Net margin, 3-yr average 18.8% 6.3%
100th		 5.2%
FCF margin, 3-yr average 25.1% 9.7%
94th		 12.7%
Revenue stability (0-1) 1.00 0.88
100th		 0.87
Earnings stability (0-1) 0.92 0.45
88th		 0.45
Margin stability (0-1) 0.96 0.93
82nd		 0.95

Liquidity (latest quarter)

MeasureJKHYIndustry medianIndustry percentileSector median
Cash & short-term investments $12.1M $330.1M
3rd		 $494.1M
Net cash (− = net debt) −$27.9M −$1.0B
78th		 $49.8M
Working capital $92.9M $343.4M
24th		 $391.0M
Current ratio 1.17 1.45
24th		 1.92
Quick ratio 1.17 1.43
30th		 1.67
Cash ratio (cash + ST investments / current liabilities) 0.02 0.35
3rd		 0.95
Defensive interval (days) 284 days 591 days
19th		 521 days

Leverage & solvency (latest quarter)

MeasureJKHYIndustry medianIndustry percentileSector median
Total debt $40.0M $1.7B
11th		 $349.3M
Debt / equity 0.02 0.94
0th		 0.29
Net debt / equity 0.01 0.73
19th		 −0.13
Debt / assets 1.3% 29.9%
0th		 16.9%
Debt / capital 1.9% 48.4%
0th		 22.3%
Debt / EBITDA 0.05 2.65
0th		 1.78
Net debt / EBITDA 0.03 1.54
19th		 −0.18
Interest coverage (EBIT / interest) 120.5x 5.7x
100th		 5.8x
Cash interest coverage 141.4x 7.2x
100th		 12.8x
Debt payback (years of OCF) 0.1 yrs 3.0 yrs
0th		 1.6 yrs
Liabilities / assets 34.8% 62.0%
16th		 48.7%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 275
0th		 175

Efficiency

MeasureJKHYIndustry medianIndustry percentileSector median
Asset turnover 0.82 0.86
41st		 0.62
Fixed asset turnover 11.49 11.89
49th		 9.25
Inventory turnover —
Receivables turnover 7.6 5.4
73rd		 6.2
Days sales outstanding 48 days 66 days
28th		 59 days
Days inventory outstanding —
Days payables outstanding 8 days 22 days
16th		 46 days
Cash conversion cycle (days) 40 days 41 days
49th		 50 days
Capex / revenue 2.6% 1.7%
64th		 2.3%
Capex / depreciation 0.31 0.49
28th		 0.56
Operating expense ratio 21.3% 22.7%
46th		 44.3%

Cash flow & earnings quality

MeasureJKHYIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.52 1.61
46th		 1.61
FCF / net income 1.38 1.30
54th		 1.33
FCF / operating cash flow 91.2% 88.2%
66th		 88.0%
Capex / operating cash flow 8.8% 11.8%
34th		 12.0%
Accruals ratio -8.4% -5.0%
27th		 -6.3%
Sloan accruals ratio -8.6% -4.2%
19th		 -1.8%
Earnings quality score (0-1) 0.75 1.00
7th		 0.75

Dividends & buybacks

MeasureJKHYIndustry medianIndustry percentileSector median
Dividend yield 1.6% 0.0%
70th		 0.0%
Dividend per share (TTM) $2.41 $0.00
81st		 $0.00
Payout ratio (dividends / net income) 33.9% 9.3%
78th		 0.0%
Dividends / FCF 24.5% 0.0%
76th		 0.0%
Dividend growth (YoY) 4.9% 8.0%
25th		 4.1%
Buyback yield 4.2% 4.0%
54th		 1.2%
Shareholder yield (dividends + buybacks) 5.8% 5.9%
49th		 1.7%
Share count change (YoY) -1.3% -2.3%
63rd		 0.1%
Buybacks, last 5 years $1.0B $695.1M
57th		 $215.3M

Scores & forensic checks

MeasureJKHYIndustry medianIndustry percentileSector median
IS score 75 50
97th		 56
IS profitability 75 38
95th		 40
IS growth 53 52
60th		 65
IS value 52 62
46th		 39
IS momentum 80 71
69th		 78
IS risk (safety) 100 65
76th		 100
IS quality 86 62
97th		 67
IS balance sheet 71 49
73rd		 72
IS earnings quality 69 66
65th		 61
IS cash flow 90 62
97th		 66
Piotroski F-score (0-9) 6 6
38th		 6
Altman Z-score 8.6 2.6
92nd		 4.0
Beneish M-score −2.74 −2.63
31st		 −2.58
Ohlson O-score −9.78 −7.37
11th		 −8.00
IS credit score 94 58
92nd		 69

Per share

MeasureJKHYIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $6.98 $1.74
73rd		 $0.84
Book value per share $28.48 $16.83
65th		 $9.77
Tangible book per share $7.04 $1.11
76th		 $3.22
Revenue per share $35.17 $41.09
46th		 $13.00
FCF per share $9.65 $4.29
76th		 $1.78
Operating cash flow per share $10.58 $4.97
70th		 $2.40
Cash per share $0.17 $2.99
5th		 $4.50

Size (TTM)

MeasureJKHYIndustry medianIndustry percentileSector median
Market cap $10.7B $4.7B
70th		 $4.7B
Revenue $2.5B $5.4B
43rd		 $1.2B
EBITDA $862.4M $585.4M
59th		 $185.8M
Net income $502.8M $230.2M
65th		 $84.9M
Free cash flow $694.9M $370.7M
68th		 $170.6M
Total assets $3.1B $6.7B
30th		 $2.4B
Shareholders' equity $2.1B $1.8B
54th		 $1.1B
Employees 7,300 21,600
24th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-01Preece Richard
Director
 Award / grant 270——270
2026-08-27Morgan Craig Keith
CLO & Secretary
 Award / grant 1,130——10,173
2026-08-27Morgan Craig Keith
CLO & Secretary
 Tax withholding 498$172.39$85,8509,675
2026-08-27Morgan Craig Keith
CLO & Secretary
 Award / grant 513——10,188
2026-08-27Morgan Craig Keith
CLO & Secretary
 Tax withholding 226$172.39$38,9609,962
2026-08-27Morgan Craig Keith
CLO & Secretary
 Award / grant 1,206——11,168
2026-08-27Morgan Craig Keith
CLO & Secretary
 Tax withholding 532$172.39$91,71110,636
2026-08-27Adelson Gregory R.
Director, President & CEO
 Award / grant 2,456——29,141
2026-08-27Adelson Gregory R.
Director, President & CEO
 Tax withholding 1,090$172.39$187,90528,051
2026-08-27Adelson Gregory R.
Director, President & CEO
 Award / grant 1,114——29,165
2026-08-27Adelson Gregory R.
Director, President & CEO
 Tax withholding 495$172.39$85,33328,670
2026-08-27Adelson Gregory R.
Director, President & CEO
 Award / grant 2,620——31,290

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MayJulAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired2232,268—
Open-market buyAcquired22,375$317,135
Option exerciseAcquired1538,928—
Option exerciseDisposed1620,593—
Tax withholdingDisposed2512,065$2.0M
—Disposed10—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 3 notices · 50,000 shares · $8.5M
FiledFilerShares proposedEst. proceeds
2026-08-24Foss David B22,500$3.8M
2026-07-30Foss David B7,500$1.2M
2025-12-01Foss David B20,000$3.5M
2025-05-13Swearingen Renee Ann1,010$183,477
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 11 trades (9 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-06-16Gilbert CisnerosHousePurchase$1,001 - $15,0002026-07-03
2026-06-16Gilbert CisnerosHousePurchase$1,001 - $15,0002026-07-03
2026-06-15Gilbert Ray CisnerosHousePurchase$1,001 - $15,0002026-07-03
2026-04-14Gilbert CisnerosHouseSale (Full)$1,001 - $15,0002026-05-11
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-14
2024-05-03Tommy TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2024-05-03Thomas Hawley TubervilleSenateSale (Full)$1,001 - $15,0002024-06-13
2024-04-05Tommy TubervilleSenatePurchase$1,001 - $15,0002024-05-15
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC5,213,188$718.1M7.44%
BlackRock, Inc.5,121,763$705.5M7.31%
VANGUARD CAPITAL MANAGEMENT LLC4,644,613$639.7M6.62%
STATE STREET CORP3,703,621$510.1M5.28%
VANGUARD PORTFOLIO MANAGEMENT LLC3,559,401$490.3M5.08%
GEODE CAPITAL MANAGEMENT, LLC2,753,826$378.8M3.93%
MORGAN STANLEY2,127,525$293.0M3.03%
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP2,105,562$290.0M3.00%
CIBC Bancorp USA Inc.1,908,794$262.9M2.72%
Invesco Ltd.1,881,300$259.1M2.68%
VAN ECK ASSOCIATES CORP1,308,353$180.2M1.87%
WELLS FARGO & COMPANY/MN1,288,860$177.5M1.84%
NORGES BANK1,000,164$137.8M1.43%
TD ASSET MANAGEMENT INC928,659$127.9M1.32%
DIMENSIONAL FUND ADVISORS LP871,646$120.1M1.24%

Institutional ownership by quarter

2023-092026-0697.2%
% of shares held by 13F filers
2023-092026-06715
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-3071597.2%99238311149
2026-03-31773100.7%108278286107
2025-12-31789101.2%16127326293
2025-09-3073796.9%11125127282
2025-06-3071498.0%8027525475
2025-03-3172096.8%8527325365
2024-12-3171697.3%9926524564
2024-09-3069494.4%8426723153
2024-06-3067093.0%7326123254
2024-03-3166293.7%5324623770
2023-12-3169294.2%10922026948
2023-09-3063893.7%5921925064

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-07-31SCHEDULE 13GVanguard Portfolio Management5.0%3,567,507
2026-07-28SCHEDULE 13G/ABlackRock, Inc.6.8%4,796,533
2026-04-30SCHEDULE 13GVanguard Capital Management7.5%5,393,818
2026-03-27SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX0.01%$323.8M
VSMPX0.01%$323.8M
VTI0.01%$323.8M
VTSAX0.01%$323.8M
VFFSX0.02%$267.3M
VOO0.02%$267.3M

Share structure

Shares outstanding70,112,000
Float69,670,855
Free float99.4%

Income statement

Fiscal years, USD
FY2022FY2023FY2024FY2025FY2026
Revenue$1.9B$2.1B$2.2B$2.4B$2.5B
Cost of revenue$1.1B$1.2B$1.3B$1.4B$1.4B
Gross profit$814.3M$858.6M$916.1M$1.0B$1.1B
R&D$121.4M$142.7M$148.3M$162.8M$176.4M
SG&A$218.3M$235.3M$278.4M$283.1M$299.2M
Operating income$474.6M$480.7M$489.4M$568.7M$606.2M
EBITDA$652.3M$680.4M$714.3M$801.2M$819.5M
Pretax income$472.3M$474.6M$498.0M$586.0M$652.8M
Income tax$109.4M$107.9M$116.2M$130.3M$150.0M
Net income$362.9M$366.6M$381.8M$455.7M$502.8M
EPS, diluted$4.94$5.02$5.23$6.24$6.98
Diluted shares73.5M73.1M73.0M73.0M72.0M

Balance sheet

FY2022FY2023FY2024FY2025FY2026
Cash & short-term investments$12.2M$38.3M$102.0M$102.0M$12.1M
Receivables$368.8M$339.2M$318.0M$318.0M$356.0M
Inventory$0$0$0$0$0
Total current assets$628.0M$632.0M$681.5M$681.5M$649.1M
PP&E, net$205.7M$215.1M$221.0M$221.0M$220.5M
Goodwill & intangibles$1.5B$1.5B$1.5B$1.5B$1.5B
Total assets$2.8B$2.9B$3.0B$3.0B$3.1B
Accounts payable$19.2M$25.3M$28.2M$28.2M$34.9M
Total current liabilities$523.8M$633.8M$535.8M$535.8M$556.2M
Long-term debt$275.0M$60.0M$0$0$40.0M
Total liabilities$1.2B$1.1B$913.1M$913.1M$1.1B
Shareholders' equity$1.6B$1.8B$2.1B$2.1B$2.1B

Cash flow statement

Outflows are negative
FY2022FY2023FY2024FY2025FY2026
Net income$362.9M$366.6M$381.8M$455.7M$502.8M
Depreciation & amortization$177.6M$190.7M$199.9M$204.8M$213.2M
Stock-based compensation$24.8M$28.6M$28.9M$28.4M$32.5M
Change in working capital−$93.0M−$151.7M−$45.5M−$45.9M−$115.1M
Operating cash flow$504.6M$381.6M$568.0M$641.5M$762.0M
Capital expenditure−$34.7M−$39.2M−$58.1M−$53.4M−$67.1M
Free cash flow$470.0M$342.4M$509.9M$588.1M$694.9M
Investing cash flow−$196.3M−$409.7M−$240.2M−$232.2M−$277.7M
Net debt issued / repaid$14.9M$159.9M−$125.0M−$150.0M$40.0M
Buybacks−$193.9M−$25.0M−$28.1M−$35.1M−$448.2M
Dividends paid−$139.1M−$147.2M−$155.9M−$164.6M−$170.4M

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2022FY2023FY2024FY2025FY2026
Gross margin41.9%41.3%41.3%42.7%43.6%
Operating margin24.4%23.1%22.1%23.9%24.9%
Net margin18.7%17.6%17.2%19.2%19.8%
FCF margin24.2%12.5%23.0%24.8%27.4%
ROE24.3%21.2%19.2%21.4%24.0%
ROIC19.5%19.0%18.5%21.8%23.4%
ROA13.9%12.9%12.8%15.0%16.2%
Debt / equity0.170.080.000.000.02
Interest coverage199.2x32.5x31.4x57.1x120.5x
Current ratio1.201.001.271.271.17
Revenue growth+10.5%+6.9%+6.6%+7.2%+6.7%
EPS growth+18.3%+1.1%+4.1%+19.5%+11.8%
P/E at year end34.7x32.3x31.2x28.7x19.7x
EV / EBITDA at year end19.7x17.5x16.5x16.2x11.5x
FCF yield at year end3.74%2.20%4.29%4.50%7.00%
Dividend payout38.3%40.2%40.8%36.1%33.9%

Revenue by segment

FY2022FY2023FY2024FY2025FY2026
Payments$707.0M$767.3M$817.7M$873.5M$936.0M
Core Segment$622.4M$656.2M$690.7M$739.3M$768.5M
Complementary$561.2M$583.9M$618.2M$675.2M$752.2M

Street estimates by fiscal year

Next report 2026-11-03 · consensus EPS $2.06 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$2.5B$2.5B – $2.6B$6.84$6.83 – $6.85922.4x
2027$2.7B$2.7B – $2.7B$7.36$7.23 – $7.441320.8x
2028$2.9B$2.9B – $2.9B$8.07$7.31 – $8.381219.0x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-18$1.47$1.57+6.8%$631.6M$644.0M+2.0%
2026-05-05$1.43$1.71+19.6%$619.7M$636.2M+2.7%
2026-02-03$1.43$1.72+20.3%$609.8M$619.3M+1.6%
2025-11-04$1.71$1.97+15.2%$636.0M$644.7M+1.4%
2025-08-19$1.58$1.75+10.8%$604.5M$615.4M+1.8%
2025-05-06$1.37$1.52+10.9%$587.3M$585.1M−0.4%
2025-02-04$1.37$1.34−2.2%$586.6M$573.8M−2.2%
2024-11-05$1.61$1.63+1.2%$599.6M$601.0M+0.2%
2024-08-20$1.32$1.38+4.5%$563.5M$559.9M−0.6%
2024-05-07$1.17$1.19+1.7%$541.8M$538.6M−0.6%
2024-02-06$1.14$1.26+10.5%$540.7M$545.7M+0.9%
2023-11-07$1.32$1.39+5.3%$565.8M$571.4M+1.0%
2023-08-15$1.18$1.34+13.6%$512.8M$534.6M+4.3%
2023-05-02$1.10$1.12+1.8%$512.4M$508.6M−0.8%
2023-02-07$1.11$1.10−0.9%$515.4M$505.3M−2.0%
2022-11-08$1.40$1.46+4.3%$530.3M$529.2M−0.2%
2022-08-16$1.00$1.10+10.0%$480.3M$482.7M+0.5%
2022-05-03$1.06$1.16+9.4%$476.9M$478.3M+0.3%
2022-02-08$1.13$1.30+15.0%$468.0M$493.9M+5.5%
2021-11-08$1.32$1.38+4.5%$468.2M$488.1M+4.2%
2021-08-17$0.93$1.04+11.8%$488.8M$450.3M−7.9%
2021-05-03$0.86$0.95+10.5%$438.3M$433.8M−1.0%
2021-02-08$0.87$0.94+8.0%$433.0M$422.4M−2.5%
2020-11-04$1.05$1.19+13.3%$402.4M$451.8M+12.3%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
0.306-150.306-220.206-290.407-060.307-130.207-200.207-270.208-030.208-100.408-170.308-240.208-31
Week ofNotionalSharesTrades
2026-08-31$194.7M1,162,99843,292
2026-08-24$264.9M1,547,15946,692
2026-08-17$433.3M2,714,02862,071
2026-08-10$167.0M1,086,25036,243
2026-08-03$208.4M1,341,80043,462
2026-07-27$199.5M1,273,78544,360

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1549.9%
DateShort shareShort volumeTotal volume
2026-10-1549.9%208,263417,313
2026-10-1447.4%129,785273,581
2026-10-1354.7%158,675290,084
2026-10-1254.0%126,015233,344
2026-10-0939.6%136,961345,614
2026-10-0840.4%106,782264,560
2026-10-0750.3%141,903281,948
2026-10-0652.7%149,084282,978
2026-10-0548.4%165,577342,344
2026-10-0249.4%138,777280,864
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
+0.0Jan+0.4Feb+2.3Mar+0.7Apr-0.4May+1.8Jun+0.9Jul+0.2Aug+0.3Sep+2.0Oct+2.3Nov+1.3Dec
MonthAvg returnUp yearsYears
Jan+0.0%60%20
Feb+0.4%55%20
Mar+2.3%81%21
Apr+0.7%55%20
May−0.4%50%20
Jun+1.8%65%20
Jul+0.9%55%20
Aug+0.2%50%20
Sep+0.3%60%20
Oct+2.0%70%20
Nov+2.3%60%20
Dec+1.3%65%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1452.6
MFI64.8
ADX20.4
Stochastic %K / %D82.4 / 88.0
Williams %R-35.0
CCI113
TSI / signal-4.8 / -14.2
Chaikin money flow-0.18
ATR$4.23
Bollinger width10.3%
Volume vs 20-day avg1.30x
SupertrendUp

Moving averages and bands

level (price vs level)
SMA 20$148.47 (+3.2%)
SMA 50$156.07 (−1.8%)
SMA 200$154.89 (−1.1%)
EMA 21$151.32 (+1.2%)
EMA 50$152.54 (+0.4%)
EMA 200$154.29 (−0.7%)
Bollinger upper$156.11 (−1.9%)
Bollinger lower$140.83 (+8.8%)
Parabolic SAR$147.02 (+4.2%)
Open the live chart, 110+ indicators

About Jack Henry & Associates, Inc.

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.

https://www.jackhenry.com

Key executives

NameTitlePayBorn
Gregory R. AdelsonChief Executive Officer, President & Director$2.0M1965
Mimi CarsleyChief Financial Officer & Treasurer$1.3M1970
Craig Keith MorganChief Legal Officer & Secretary$1.1M1976
Shanon McLachlanSenior Vice President, Executive Officer & Chief Operating Officer$1.1M—
Renee A. SwearingenSenior Vice President, Chief Accounting Officer & Assistant Treasurer$549,9561969
Brian OtteVice President and Chief Sales & Marketing Officer——
Dennis McDonaldVice President & Chief Information and Security Officer——
Michael CarnovaliChief Risk & Compliance Officer——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Gregory R. Adelson President and Chief Executive Officer2026$762,500$6.4M$1.3M$8.4M
Mimi L. Carsley Chief Financial Officer and Treasurer2026$541,641$3.3M$719,400$4.6M
Shanon G. McLachlan Senior Vice President and Chief Operating Officer2026$486,000$1.3M$572,119$2.4M
Craig K. Morgan Chief Legal Officer and Secretary2026$496,934$1.1M$584,990$2.2M
Renee A. Swearingen Senior Vice President and Chief Accounting Officer2026$319,908$309,835$212,312$859,791

Employees

6k20197k20207k20217k20227k20237k20247k20257k2026

Dividends

Ex-dateAmountPaid
2026-09-04$0.612026-09-23
2026-06-01$0.612026-06-19
2026-03-05$0.612026-03-25
2025-12-02$0.582025-12-23
2025-09-05$0.582025-09-26
2025-05-29$0.582025-06-18
2025-03-06$0.582025-03-25
2024-12-02$0.552024-12-23

Moat model

Narrow · Cost Advantage · 2026-06-30
Cost advantage78
Intangibles76
Switching costs61
Network effect47
Efficient scale75
Our component scores (0-100) and overall 68.2; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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