Jack Henry & Associates
JKHY Nasdaq Transaction & Payment Processing Services Financials FY2017βFY2026
Jack Henry & Associates' revenue rose 7.1% to $2.5 billion in fiscal 2026. Its operating margin was 25.0%, up from 23.9% a year earlier. Free cash flow was $695 million, up 18.1%. It paid out $619 million in dividends and buybacks, 89% of free cash flow. The diluted share count fell 1.4%.
What Jack Henry & Associates does
No business description yet.
- Legal name
- JACK HENRY & ASSOCIATES, INC.
- Fiscal year ends
- June 30, 2026
- Latest annual report
- β
- Accession Β· CIK
- 0000779152-26-000067
0000779152
Revenue and margins
Jack Henry & Associates had $2.5B of revenue in fiscal 2026, up 7.1% on the year before.
Net income and earnings per share
From fiscal 2017 to 2026, diluted EPS grew 10.1% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $695M in fiscal 2026, 27.3% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Jack Henry & Associates returned $619M to shareholders in fiscal 2026, 89% of free cash flow. The diluted share count fell 1.4%.
Value Jack Henry & Associates yourself
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
Discounted cash flow
Value per share
β
Adds net cash of β$27.9M and divides by 72.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Earnings multiple
Value per share
β
Reference multiples: today 23.3x Β· peers 10.4x Β· sector 13.7x.
Balance sheet
Cash, debt and the ratios that show how comfortably Jack Henry & Associates can carry it.
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $48.8M | $12.2M | $38.3M | $102M | $12.1M |
| Debt incl. finance leases | $115M | $275M | $60.0M | $0.0M | $40.0M |
| Net debt / EBITDA | 0.1x | 0.5x | 0.0x | β0.2x | 0.0x |
| Debt / equity | 0.1x | 0.2x | 0.0x | 0.0x | 0.0x |
| Interest coverage | 199.1x | 31.9x | 31.1x | 56.6x | 137.9x |
| Current ratio | 1.1x | 1.2x | 1.0x | 1.3x | 1.2x |
| Quick ratio | 1.1x | 1.2x | 1.0x | 1.3x | 1.2x |
| Total assets | $2.5B | $2.8B | $2.9B | $3.0B | $3.1B |
| Total liabilities | $1.1B | $1.2B | $1.1B | $913M | $1.1B |
| Shareholders' equity | $1.4B | $1.6B | $1.8B | $2.1B | $2.1B |
| Net debt (β = net cash) | $66.3M | $263M | $21.7M | β$102M | $27.9M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.3M
2 insiders
Sold, 12 months
$3.5M
2 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 14, 2026 | Gregory R. AdelsonPresident & CEO, Director | Bought | 2,000 | $133.42 | $0.3M | Form 4 |
| May 14, 2026 | Mimi CarsleyCFO and Treasurer | Bought | 375 | $134.12 | $0.1M | Form 4 |
| Dec 1, 2025 | David B FossDirector | Sold | 20,000 | $174.92 | $3.5M | Form 4 |
| Nov 10, 2025 | Shanon G. McLachlanCOO | Sold | 227 | $160.83 | $0.0M | Form 4 |
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 6 / 9 | 8 / 9 | 7 / 9 |
| Accruals ratio | β6.5% | β6.2% | β8.4% |
| Altman Z'' | 6.34 | 7.63 | 7.36 |
Similar companies
Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Jack Henry & Associates JKHY | $11.7B | 7.1% | 25.0% | 27.3% | 23.8% | 23.3x | 7 | |
| WEX WEX | $6.9B | 1.2% | 25.0% | 11.8% | β | 19.7x | 7 | Compare β |
| Western Union WU | $2.0B | β3.8% | 18.7% | 12.5% | 24.0% | 5.2x | β | Compare β |
| Shift4 FOUR | $50.4M | 25.5% | 8.4% | 14.9% | 6.5% | β | 6 | Compare β |
| Euronet Worldwide EEFT | $3.0B | 6.4% | 12.5% | 10.2% | 29.9% | 10.4x | 7 | Compare β |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.4B | $1.5B | $1.6B | $1.7B | $1.8B | $1.9B | $2.1B | $2.2B | $2.4B | $2.5B |
| Gross profit | $612M | $684M | $630M | $689M | $695M | $814M | $859M | $916M | $1.0B | $1.1B |
| Research and development | $84.8M | $90.3M | $96.4M | $110M | $109M | $121M | $143M | $148M | $163M | $176M |
| Operating income | $342M | $358M | $347M | $381M | $399M | $475M | $481M | $489M | $569M | $635M |
| Interest expense | $1.0M | $1.9M | $0.9M | $0.7M | $1.1M | $2.4M | $15.1M | $15.8M | $10.0M | $4.6M |
| Pretax income | $341M | $356M | $347M | $381M | $398M | $472M | $475M | $498M | $586M | $653M |
| Income tax | $111M | β$8.9M | $75.3M | $84.4M | $86.3M | $109M | $108M | $116M | $130M | $150M |
| Net income | $230M | $365M | $272M | $297M | $312M | $363M | $367M | $382M | $456M | $503M |
| Diluted EPS | $2.93 | $4.70 | $3.52 | $3.86 | $4.12 | $4.94 | $5.02 | $5.23 | $6.24 | $6.98 |
| Diluted shares | 0.08B | 0.08B | 0.08B | 0.08B | 0.08B | 0.07B | 0.07B | 0.07B | 0.07B | 0.07B |
| Cash flow | ||||||||||
| Cash from operations | $357M | $412M | $431M | $511M | $462M | $505M | $382M | $568M | $642M | $762M |
| Capital expenditure | $41.9M | $40.1M | $53.6M | $53.5M | $23.0M | $34.7M | $39.2M | $58.1M | $53.4M | $67.1M |
| Free cash flow | $315M | $372M | $378M | $457M | $439M | $470M | $342M | $510M | $588M | $695M |
| Depreciation and amortization | $49.7M | $48.0M | $47.4M | $52.2M | $52.5M | $50.8M | $48.7M | $46.3M | $43.7M | $42.1M |
| Stock-based compensation | $11.1M | $11.8M | $12.6M | $16.9M | $20.7M | $24.8M | $28.6M | $28.9M | $28.4M | $32.5M |
| Acquisitions | $0.0M | $138M | $20.0M | $30.4M | $2.3M | $0.0M | $230M | $0.0M | $0.0M | $42.4M |
| Share buybacks | $130M | $49.0M | $54.9M | $71.5M | $432M | $194M | $25.0M | $28.1M | $35.1M | $448M |
| Dividends paid | $91.7M | $105M | $119M | $127M | $134M | $139M | $147M | $156M | $165M | $170M |
| Dividends and buybacks | $222M | $154M | $174M | $199M | $565M | $333M | $172M | $184M | $200M | $619M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $115M | $31.4M | $93.6M | $213M | $51.0M | $48.8M | $12.2M | $38.3M | $102M | $12.1M |
| Total debt | $50.0M | $0.0M | $0.0M | $0.3M | $100M | $115M | $275M | $60.0M | $0.0M | $40.0M |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.3M | $0.2M | $0.1M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $520M | $471M | $569M | $669M | $544M | $614M | $628M | $632M | $682M | $649M |
| Current liabilities | $471M | $448M | $470M | $495M | $521M | $544M | $524M | $634M | $536M | $556M |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | $283M | $286M | $273M | $273M | $253M | $212M | $206M | $215M | $221M | $221M |
| Total assets | $1.9B | $2.0B | $2.2B | $2.4B | $2.3B | $2.5B | $2.8B | $2.9B | $3.0B | $3.1B |
| Total liabilities | $877M | $710M | $756M | $879M | $1.0B | $1.1B | $1.2B | $1.1B | $913M | $1.1B |
| Shareholders' equity | $1.1B | $1.3B | $1.4B | $1.5B | $1.3B | $1.4B | $1.6B | $1.8B | $2.1B | $2.1B |
| Margins | ||||||||||
| Gross margin | 42.8% | 44.5% | 40.6% | 40.6% | 39.5% | 41.9% | 41.3% | 41.4% | 42.7% | 43.7% |
| Operating margin | 23.9% | 23.3% | 22.4% | 22.4% | 22.7% | 24.4% | 23.1% | 22.1% | 23.9% | 25.0% |
| EBITDA margin | 27.4% | 26.4% | 25.4% | 25.5% | 25.7% | 27.0% | 25.5% | 24.2% | 25.8% | 26.6% |
| Net margin | 16.0% | 23.8% | 17.5% | 17.5% | 17.7% | 18.7% | 17.7% | 17.2% | 19.2% | 19.8% |
| FCF margin | 22.0% | 24.2% | 24.3% | 26.9% | 25.0% | 24.2% | 16.5% | 23.0% | 24.8% | 27.3% |
| Returns | ||||||||||
| Return on capital | 23.5% | 30.7% | 20.7% | 22.2% | 23.1% | 25.9% | 22.4% | 20.1% | 22.7% | 23.8% |
| Return on capital employed | 24.3% | 23.7% | 21.1% | 20.9% | 21.3% | 25.5% | 23.1% | 21.6% | 23.7% | 24.9% |
| Return on equity | 21.9% | 30.1% | 19.8% | 19.9% | 21.7% | 26.9% | 24.5% | 22.1% | 22.9% | 24.0% |
| Return on assets | 12.3% | 18.5% | 12.9% | 12.9% | 13.1% | 15.2% | 14.0% | 13.4% | 15.3% | 16.3% |
| Growth | ||||||||||
| Revenue growth | 5.7% | 7.4% | 1.1% | 9.3% | 3.6% | 10.5% | 6.9% | 6.6% | 7.2% | 7.1% |
| Net income growth | β7.8% | 59.0% | β25.5% | 9.1% | 5.0% | 16.5% | 1.0% | 4.1% | 19.4% | 10.3% |
| EPS growth | β6.1% | 60.4% | β25.1% | 9.7% | 6.7% | 19.9% | 1.6% | 4.2% | 19.3% | 11.9% |
| FCF growth | 1.7% | 18.0% | 1.5% | 21.1% | β3.9% | 7.0% | β27.2% | 48.9% | 15.3% | 18.1% |
| Share count change | β1.9% | β0.9% | β0.3% | β0.5% | β1.7% | β2.9% | β0.5% | β0.1% | 0.0% | β1.4% |
| Financial health | ||||||||||
| Net debt / EBITDA | β0.2x | β0.1x | β0.2x | β0.5x | 0.1x | 0.1x | 0.5x | 0.0x | β0.2x | 0.0x |
| Debt / equity | 0.1x | 0.0x | 0.0x | 0.0x | 0.1x | 0.1x | 0.2x | 0.0x | 0.0x | 0.0x |
| Interest coverage | 343.1x | 186.2x | 375.0x | 553.2x | 348.5x | 199.1x | 31.9x | 31.1x | 56.6x | 137.9x |
| Current ratio | 1.1x | 1.1x | 1.2x | 1.4x | 1.0x | 1.1x | 1.2x | 1.0x | 1.3x | 1.2x |
| Quick ratio | 1.1x | 1.1x | 1.2x | 1.4x | 1.0x | 1.1x | 1.2x | 1.0x | 1.3x | 1.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.9% | 2.6% | 3.5% | 3.2% | 1.3% | 1.8% | 1.9% | 2.6% | 2.3% | 2.6% |
| Stock comp / revenue | 0.8% | 0.8% | 0.8% | 1.0% | 1.2% | 1.3% | 1.4% | 1.3% | 1.2% | 1.3% |
| Payouts / FCF | 70.3% | 41.4% | 46.0% | 43.5% | 128.7% | 70.9% | 50.3% | 36.1% | 34.0% | 89.0% |
| Quality scores | ||||||||||
| Piotroski F-score | 6.0 | 8.0 | 5.0 | 8.0 | 4.0 | 8.0 | 6.0 | 6.0 | 8.0 | 7.0 |
| Altman Z'' | 5.4 | 6.3 | 6.4 | 6.4 | 5.9 | 6.3 | 6.2 | 6.3 | 7.6 | 7.4 |
| Accruals ratio | β6.9% | β2.4% | β7.6% | β9.3% | β6.3% | β5.9% | β0.6% | β6.5% | β6.2% | β8.4% |
Source: SEC EDGAR XBRL filings (CIK 0000779152). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.