Jack Henry & Associates Financials
This page shows Jack Henry & Associates (JKHY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Jack Henry & Associates has an operating margin of 23.9%, meaning the company retains $24 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 22.1% the prior year.
Jack Henry & Associates's revenue grew 7.2% year-over-year to $2.4B, a solid pace of expansion. This earns a growth score of 49/100.
Jack Henry & Associates carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Jack Henry & Associates's current ratio of 1.27 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.
Jack Henry & Associates converts 24.8% of revenue into free cash flow ($588.1M). This strong cash generation earns a score of 100/100.
Jack Henry & Associates earns a strong 21.4% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 86/100. This is up from 20.7% the prior year.
Jack Henry & Associates scores 10.65, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($11.6B) relative to total liabilities ($913.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Jack Henry & Associates passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Jack Henry & Associates generates $1.41 in operating cash flow ($641.5M OCF vs $455.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Jack Henry & Associates earns $54.5 in operating income for every $1 of interest expense ($568.7M vs $10.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Jack Henry & Associates generated $2.4B in revenue in fiscal year 2025. This represents an increase of 7.2% from the prior year.
Jack Henry & Associates's EBITDA was $612.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.3% from the prior year.
Jack Henry & Associates generated $588.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 15.3% from the prior year.
Jack Henry & Associates reported $455.7M in net income in fiscal year 2025. This represents an increase of 19.4% from the prior year.
Jack Henry & Associates earned $6.24 per diluted share (EPS) in fiscal year 2025. This represents an increase of 19.3% from the prior year.
Jack Henry & Associates held $102.0M in cash against $0 in long-term debt as of fiscal year 2025.
Jack Henry & Associates paid $2.26 per share in dividends in fiscal year 2025. This represents an increase of 5.6% from the prior year.
Jack Henry & Associates had 73M shares outstanding in fiscal year 2025.
Jack Henry & Associates's gross margin was 42.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.4 percentage points from the prior year.
Jack Henry & Associates's operating margin was 23.9% in fiscal year 2025, reflecting core business profitability. This is up 1.8 percentage points from the prior year.
Jack Henry & Associates's net profit margin was 19.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.0 percentage points from the prior year.
Jack Henry & Associates's ROE was 21.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the prior year.
Jack Henry & Associates invested $162.8M in research and development in fiscal year 2025. This represents an increase of 9.8% from the prior year.
Jack Henry & Associates spent $35.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 24.9% from the prior year.
Jack Henry & Associates invested $53.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 8.2% from the prior year.
JKHY Income Statement
| Metric | Q2'26 | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $619K-99.9% | $619.3M-3.9% | $644.7M+10.2% | $585.1M+2.0% | $573.8M-4.5% | $601.0M+11.6% | $538.6M-1.3% | $545.7M |
| Cost of Revenue | $351K-99.9% | $351.0M+0.7% | $348.6M+2.3% | $340.6M+2.3% | $332.9M-3.1% | $343.4M+4.6% | $328.2M+2.3% | $321.0M |
| Gross Profit | $111K-100.0% | $268.3M-9.4% | $296.2M+21.1% | $244.5M+1.5% | $241.0M-6.4% | $257.6M+22.4% | $210.3M-6.4% | $224.7M |
| R&D Expenses | $42K-99.9% | $42.2M+7.5% | $39.3M-0.3% | $39.4M-4.1% | $41.1M+3.6% | $39.7M+10.3% | $36.0M+1.5% | $35.5M |
| SG&A Expenses | $67K-99.9% | $67.0M-8.0% | $72.8M+9.8% | $66.3M-13.7% | $76.9M+15.5% | $66.6M+7.0% | $62.2M-11.4% | $70.3M |
| Operating Income | $159K-99.9% | $159.1M-13.5% | $184.1M+32.7% | $138.7M+12.8% | $123.0M-18.7% | $151.3M+34.9% | $112.1M-5.8% | $119.0M |
| Interest Expense | $1K-99.9% | $1.1M+28.9% | $886K-67.6% | $2.7M-1.8% | $2.8M-1.6% | $2.8M-36.3% | $4.4M+14.7% | $3.9M |
| Income Tax | $40K-99.9% | $39.5M-14.7% | $46.3M+50.4% | $30.8M+4.3% | $29.5M-21.5% | $37.6M+38.9% | $27.1M-4.2% | $28.3M |
| Net Income | $125K-99.9% | $124.7M-13.4% | $144.0M+29.6% | $111.1M+13.6% | $97.8M-17.9% | $119.2M+36.8% | $87.1M-5.3% | $92.0M |
| EPS (Diluted) | $1.720.0% | $1.72-12.7% | $1.97+29.6% | $1.52+13.4% | $1.34-17.8% | $1.63+37.0% | $1.19-5.6% | $1.26 |
JKHY Balance Sheet
| Metric | Q2'26 | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.1M-99.9% | $3.1B+0.4% | $3.0B+3.9% | $2.9B+0.7% | $2.9B-0.6% | $2.9B+5.7% | $2.8B+0.6% | $2.8B |
| Current Assets | $616K-99.9% | $615.8M-5.5% | $651.7M+9.8% | $593.2M+2.3% | $579.8M-8.6% | $634.5M+21.4% | $522.6M-5.7% | $554.3M |
| Cash & Equivalents | $28K-99.9% | $28.2M-22.1% | $36.2M-9.1% | $39.9M+55.4% | $25.7M-40.6% | $43.2M+58.6% | $27.3M+2.0% | $26.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $298K-99.9% | $298.5M-3.0% | $307.6M+9.0% | $282.2M-0.4% | $283.2M-7.6% | $306.7M+16.4% | $263.4M-2.6% | $270.6M |
| Goodwill | $828K-99.9% | $827.7M+0.1% | $826.7M+2.7% | $804.8M0.0% | $804.8M0.0% | $804.8M0.0% | $804.8M0.0% | $804.8M |
| Total Liabilities | $857K-99.9% | $857.0M-2.0% | $874.2M-2.4% | $895.6M-4.3% | $936.2M-6.7% | $1.0B+1.3% | $990.6M-3.8% | $1.0B |
| Current Liabilities | $385K-99.9% | $384.9M-11.7% | $436.1M+0.1% | $435.6M-12.4% | $497.4M-12.8% | $570.7M+52.2% | $375.0M-7.2% | $404.0M |
| Long-Term Debt | $20K-99.9% | $20.0M0.0% | $20.0M-75.0% | $80.0M+33.3% | $60.0M+20.0% | $50.0M-80.0% | $250.0M-2.0% | $255.0M |
| Total Equity | $2.2M-99.9% | $2.2B+1.4% | $2.2B+6.7% | $2.0B+3.1% | $2.0B+2.6% | $1.9B+8.2% | $1.8B+3.2% | $1.7B |
| Retained Earnings | $3.6M-99.9% | $3.6B+2.4% | $3.5B+5.7% | $3.3B+2.1% | $3.2B+1.8% | $3.2B+4.6% | $3.0B+1.6% | $3.0B |
JKHY Cash Flow Statement
| Metric | Q2'26 | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $273K-99.8% | $152.7M+26.6% | $120.6M+11.8% | $107.8M+20.3% | $89.6M-23.3% | $116.9M+19.8% | $97.6M+19.7% | $81.5M |
| Capital Expenditures | $30K-99.9% | $21.2M+138.9% | $8.9M-24.2% | $11.7M-29.7% | $16.7M+30.2% | $12.8M+29.4% | $9.9M-41.3% | $16.8M |
| Free Cash Flow | $243K-99.8% | $131.4M+17.7% | $111.7M+16.2% | $96.1M+31.7% | $73.0M-29.9% | $104.1M+18.7% | $87.7M+35.5% | $64.7M |
| Investing Cash Flow | $156K+100.3% | -$57.3M+41.8% | -$98.5M-74.3% | -$56.5M+7.4% | -$61.1M-4.0% | -$58.7M-9.7% | -$53.5M+11.4% | -$60.4M |
| Financing Cash Flow | $191K+100.2% | -$103.4M-17.7% | -$87.8M-136.6% | -$37.1M+19.6% | -$46.1M+13.3% | -$53.2M-22.4% | -$43.5M-68.1% | -$25.9M |
| Dividends Paid | $84K-99.8% | $41.8M-0.7% | $42.1M-0.3% | $42.3M+5.4% | $40.1M0.0% | $40.1M+0.1% | $40.1M+5.8% | $37.9M |
| Share Buybacks | $125K-99.8% | $63.2M+1.8% | $62.0M+244.7% | $18.0M+5.6% | $17.1M | $0 | $0 | $0 |
JKHY Financial Ratios
| Metric | Q2'26 | Q2'25 | Q1'25 | Q3'25 | Q2'24 | Q1'24 | Q3'24 | Q2'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 17.9%-25.4pp | 43.3%-2.6pp | 45.9%+4.1pp | 41.8%-0.2pp | 42.0%-0.9pp | 42.9%+3.8pp | 39.1%-2.1pp | 41.2% |
| Operating Margin | 25.7%0.0pp | 25.7%-2.8pp | 28.5%+4.8pp | 23.7%+2.3pp | 21.4%-3.7pp | 25.2%+4.4pp | 20.8%-1.0pp | 21.8% |
| Net Margin | 20.1%0.0pp | 20.1%-2.2pp | 22.3%+3.3pp | 19.0%+1.9pp | 17.1%-2.8pp | 19.8%+3.7pp | 16.2%-0.7pp | 16.9% |
| Return on Equity | 5.7%0.0pp | 5.7%-1.0pp | 6.6%+1.2pp | 5.5%+0.5pp | 5.0%-1.2pp | 6.2%+1.3pp | 4.9%-0.4pp | 5.3% |
| Return on Assets | 4.1%0.0pp | 4.1%-0.6pp | 4.7%+0.9pp | 3.8%+0.4pp | 3.4%-0.7pp | 4.1%+0.9pp | 3.1%-0.2pp | 3.3% |
| Current Ratio | 1.600.0 | 1.60+0.1 | 1.49+0.1 | 1.36+0.2 | 1.17+0.1 | 1.11-0.3 | 1.39+0.0 | 1.37 |
| Debt-to-Equity | 0.010.0 | 0.010.0 | 0.01-0.0 | 0.040.0 | 0.030.0 | 0.03-0.1 | 0.140.0 | 0.15 |
| FCF Margin | 39.3%+18.0pp | 21.2%+3.9pp | 17.3%+0.9pp | 16.4%+3.7pp | 12.7%-4.6pp | 17.3%+1.0pp | 16.3%+4.4pp | 11.8% |
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Frequently Asked Questions
What is Jack Henry & Associates's annual revenue?
Jack Henry & Associates (JKHY) reported $2.4B in total revenue for fiscal year 2025. This represents a 7.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Jack Henry & Associates's revenue growing?
Jack Henry & Associates (JKHY) revenue grew by 7.2% year-over-year, from $2.2B to $2.4B in fiscal year 2025.
Is Jack Henry & Associates profitable?
Yes, Jack Henry & Associates (JKHY) reported a net income of $455.7M in fiscal year 2025, with a net profit margin of 19.2%.
What is Jack Henry & Associates's earnings per share (EPS)?
Jack Henry & Associates (JKHY) reported diluted earnings per share of $6.24 for fiscal year 2025. This represents a 19.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Jack Henry & Associates's EBITDA?
Jack Henry & Associates (JKHY) had EBITDA of $612.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Jack Henry & Associates have?
As of fiscal year 2025, Jack Henry & Associates (JKHY) had $102.0M in cash and equivalents against $0 in long-term debt.
What is Jack Henry & Associates's gross margin?
Jack Henry & Associates (JKHY) had a gross margin of 42.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Jack Henry & Associates's operating margin?
Jack Henry & Associates (JKHY) had an operating margin of 23.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Jack Henry & Associates's net profit margin?
Jack Henry & Associates (JKHY) had a net profit margin of 19.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Jack Henry & Associates pay dividends?
Yes, Jack Henry & Associates (JKHY) paid $2.26 per share in dividends during fiscal year 2025.
What is Jack Henry & Associates's return on equity (ROE)?
Jack Henry & Associates (JKHY) has a return on equity of 21.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Jack Henry & Associates's free cash flow?
Jack Henry & Associates (JKHY) generated $588.1M in free cash flow during fiscal year 2025. This represents a 15.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Jack Henry & Associates's operating cash flow?
Jack Henry & Associates (JKHY) generated $641.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Jack Henry & Associates's total assets?
Jack Henry & Associates (JKHY) had $3.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Jack Henry & Associates's capital expenditures?
Jack Henry & Associates (JKHY) invested $53.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Jack Henry & Associates spend on research and development?
Jack Henry & Associates (JKHY) invested $162.8M in research and development during fiscal year 2025.
Does Jack Henry & Associates buy back shares?
Yes, Jack Henry & Associates (JKHY) spent $35.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Jack Henry & Associates have outstanding?
Jack Henry & Associates (JKHY) had 73M shares outstanding as of fiscal year 2025.
What is Jack Henry & Associates's current ratio?
Jack Henry & Associates (JKHY) had a current ratio of 1.27 as of fiscal year 2025, which is considered adequate.
What is Jack Henry & Associates's debt-to-equity ratio?
Jack Henry & Associates (JKHY) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Jack Henry & Associates's return on assets (ROA)?
Jack Henry & Associates (JKHY) had a return on assets of 15.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Jack Henry & Associates's Altman Z-Score?
Jack Henry & Associates (JKHY) has an Altman Z-Score of 10.65, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Jack Henry & Associates's Piotroski F-Score?
Jack Henry & Associates (JKHY) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Jack Henry & Associates's earnings high quality?
Jack Henry & Associates (JKHY) has an earnings quality ratio of 1.41x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Jack Henry & Associates cover its interest payments?
Jack Henry & Associates (JKHY) has an interest coverage ratio of 54.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Jack Henry & Associates?
Jack Henry & Associates (JKHY) scores 78 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.