Jack Henry & Associates
JKHY · Transaction & Payment Processing Services
$162.55
0.5%WEX
WEX · Transaction & Payment Processing Services
$197.46
0.3%The short version
- WEX is the larger business, with $2.7B of revenue in fiscal 2025 against $2.5B for Jack Henry & Associates.
- Jack Henry & Associates grew revenue faster (7.1%, against 1.2%).
- Jack Henry & Associates turned more of its sales into free cash flow (27.3% FCF margin, against 11.8% FCF margin).
- Investors pay more for each dollar of Jack Henry & Associates’s earnings: a P/E of 23.3x against 19.7x for WEX.
| Latest fiscal year | JKHY · FY26 | WEX · FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.7B | $6.9B |
| Revenue | $2.5B | $2.7B |
| Free cash flow | $695M | $314M |
| Net income | $503M | $304M |
| Growth | ||
| Revenue growth | 7.1% | 1.2% |
| 5-year growth | 7.7% | 11.3% |
| Share count change | −1.4% | −13.1% |
| Profitability | ||
| Gross margin | 43.7% | 58.6% |
| Operating margin | 25.0% | 25.0% |
| Net margin | 19.8% | 11.4% |
| FCF margin | 27.3% | 11.8% |
| Return on capital | 23.8% | — |
| Return on equity | 24.0% | 22.3% |
| Balance sheet | ||
| Net debt | $27.9M | −$326M |
| Net debt / EBITDA | 0.0x | −0.3x |
| Dividends and buybacks | $619M | $800M |
| Valuation & quality | ||
| P/E | 23.3x | 19.7x |
| Piotroski F-score | 7 | 7 |
FY17
JKHY $1.4B
WEX $1.2B
FY18
JKHY $1.5B
WEX $1.5B
FY19
JKHY $1.6B
WEX $1.7B
FY20
JKHY $1.7B
WEX $1.6B
FY21
JKHY $1.8B
WEX $1.9B
FY22
JKHY $1.9B
WEX $2.4B
FY23
JKHY $2.1B
WEX $2.5B
FY24
JKHY $2.2B
WEX $2.6B
FY25
JKHY $2.4B
WEX $2.7B
FY26
JKHY $2.5B
WEX —
JKHY
WEX
FY17
JKHY 23.9%
WEX 18.7%
FY18
JKHY 23.3%
WEX 25.5%
FY19
JKHY 22.4%
WEX 22.4%
FY20
JKHY 22.4%
WEX −5.9%
FY21
JKHY 22.7%
WEX 18.5%
FY22
JKHY 24.4%
WEX 20.0%
FY23
JKHY 23.1%
WEX 25.4%
FY24
JKHY 22.1%
WEX 26.1%
FY25
JKHY 23.9%
WEX 25.0%
FY26
JKHY 25.0%
WEX —
JKHY
WEX
FY17
JKHY $315M
WEX $56.2M
FY18
JKHY $372M
WEX $313M
FY19
JKHY $378M
WEX $560M
FY20
JKHY $457M
WEX $656M
FY21
JKHY $439M
WEX −$129M
FY22
JKHY $470M
WEX $567M
FY23
JKHY $342M
WEX $764M
FY24
JKHY $510M
WEX $334M
FY25
JKHY $588M
WEX $314M
FY26
JKHY $695M
WEX —
JKHY
WEX
FY17
JKHY 23.5%
WEX —
FY18
JKHY 30.7%
WEX 8.3%
FY19
JKHY 20.7%
WEX 7.7%
FY20
JKHY 22.2%
WEX −1.8%
FY21
JKHY 23.1%
WEX 6.3%
FY22
JKHY 25.9%
WEX 11.5%
FY23
JKHY 22.4%
WEX 24.3%
FY24
JKHY 20.1%
WEX 30.8%
FY25
JKHY 22.7%
WEX —
FY26
JKHY 23.8%
WEX —
JKHY
WEX
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.