Jack Henry & Associates vs Western Union
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The short version
- Western Union is the larger business, with $4.1B of revenue in fiscal 2025 against $2.5B for Jack Henry & Associates, about 1.6 times as much.
- Jack Henry & Associates grew revenue faster (7.1%, against −3.8%).
- Jack Henry & Associates kept more of each dollar of sales as operating profit (25.0% operating margin, against 18.7%).
- Jack Henry & Associates turned more of its sales into free cash flow (27.3% FCF margin, against 12.5%).
| Latest fiscal year | JKHY · FY26 | WU · FY25 |
|---|---|---|
| Size | ||
| Market cap | $11.7B | $2.0B |
| Revenue | $2.5B | $4.1B |
| Free cash flow | $695M | $505M |
| Net income | $503M | $500M |
| Growth | ||
| Revenue growth | 7.1% | −3.8% |
| 5-year growth | 7.7% | −3.5% |
| Share count change | −1.4% | −4.0% |
| Profitability | ||
| Gross margin | 43.7% | 37.0% |
| Operating margin | 25.0% | 18.7% |
| Net margin | 19.8% | 12.3% |
| FCF margin | 27.3% | 12.5% |
| Return on capital | 23.8% | 24.0% |
| Return on equity | 24.0% | 51.9% |
| Balance sheet | ||
| Net debt | $27.9M | $1.6B |
| Net debt / EBITDA | 0.0x | 1.8x |
| Dividends and buybacks | $619M | $544M |
| Valuation & quality | ||
| P/E | — | 5.2x |
| Piotroski F-score | 7 | — |
Revenue
FY17
JKHY $1.4B
WU $5.5B
FY18
JKHY $1.5B
WU $5.6B
FY19
JKHY $1.6B
WU $5.3B
FY20
JKHY $1.7B
WU $4.8B
FY21
JKHY $1.8B
WU $5.1B
FY22
JKHY $1.9B
WU $4.5B
FY23
JKHY $2.1B
WU $4.4B
FY24
JKHY $2.2B
WU $4.2B
FY25
JKHY $2.4B
WU $4.1B
FY26
JKHY $2.5B
WU —
JKHY
WU
Operating margin
FY17
JKHY 23.9%
WU 8.6%
FY18
JKHY 23.3%
WU 20.1%
FY19
JKHY 22.4%
WU 17.7%
FY20
JKHY 22.4%
WU 20.0%
FY21
JKHY 22.7%
WU 22.2%
FY22
JKHY 24.4%
WU 19.8%
FY23
JKHY 23.1%
WU 18.8%
FY24
JKHY 22.1%
WU 17.2%
FY25
JKHY 23.9%
WU 18.7%
FY26
JKHY 25.0%
WU —
JKHY
WU
Free cash flow
FY17
JKHY $315M
WU $673M
FY18
JKHY $372M
WU $685M
FY19
JKHY $378M
WU $867M
FY20
JKHY $457M
WU $841M
FY21
JKHY $439M
WU $1.0B
FY22
JKHY $470M
WU $550M
FY23
JKHY $342M
WU $760M
FY24
JKHY $510M
WU $369M
FY25
JKHY $588M
WU $505M
FY26
JKHY $695M
WU —
JKHY
WU
Return on capital
FY17
JKHY 23.5%
WU 10.5%
FY18
JKHY 30.7%
WU 50.0%
FY19
JKHY 20.7%
WU 38.5%
FY20
JKHY 22.2%
WU 47.2%
FY21
JKHY 23.1%
WU 48.6%
FY22
JKHY 25.9%
WU 40.3%
FY23
JKHY 22.4%
WU 39.0%
FY24
JKHY 20.1%
WU 35.0%
FY25
JKHY 22.7%
WU 24.0%
FY26
JKHY 23.8%
WU —
JKHY
WU
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.