Jack Henry Announces Fiscal 2026 Fourth Quarter and Full-Year Deconversion Revenue Results
Rhea-AI Summary
Jack Henry (Nasdaq: JKHY) reported fiscal 2026 deconversion revenue of $9.3 million for the fourth quarter ended June 30, 2026, bringing total fiscal 2026 deconversion revenue to $42.8 million. The company explains that most deconversion revenue arises when a client is acquired by another financial institution and terminates its contract with Jack Henry. According to Jack Henry, this revenue is driven by factors outside its control and does not reflect the underlying operations of its ongoing services business, so it is excluded from the company’s non-GAAP revenue in quarterly and annual earnings releases.
Positive
- Q4 2026 deconversion revenue of $9.3 million
- Fiscal 2026 deconversion revenue totaled $42.8 million
Negative
- Deconversion revenue driven by client acquisitions outside Jack Henry’s control
- Deconversion revenue excluded from non-GAAP revenue, not reflecting core operations
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 07 | Fintech network addition | Positive | -0.6% | PrintMail Solutions joined Jack Henry's fintech network, expanding integrations with core platforms. |
| Aug 05 | Earnings call scheduling | Neutral | -1.5% | Earnings call and separate deconversion revenue releases were scheduled for August 18 and 11. |
| Jul 30 | Customer platform selection | Positive | -4.3% | MCBANK selected Jack Henry platforms after receiving more than $225 million in new capital. |
| Jul 28 | Workplace recognition | Positive | +2.9% | Jack Henry received its third consecutive U.S. News Best Companies recognition. |
| Jul 10 | Corporate recognition | Positive | +0.1% | TIME named Jack Henry among America's Best Companies for the third consecutive year. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent reactions included declines after the fintech-network and MCBANK announcements, while recognition-related news had positive reactions.
Key Terms
non-GAAP revenue financial
form 8-K regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
The majority of deconversion revenue is generated when one of Jack Henry's clients agrees to be acquired by another financial institution, resulting in the termination of the client's contract with Jack Henry. In these circumstances, Jack Henry's recognition of deconversion revenue is driven by factors outside Jack Henry's control, and this revenue does not represent the true operations of Jack Henry's ongoing business of providing services to clients. As a result, Jack Henry excludes deconversion revenue from non-GAAP revenue reported in its quarterly and annual earnings releases.
About Jack Henry & Associates, Inc.®
Jack Henry® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/jack-henry-announces-fiscal-2026-fourth-quarter-and-full-year-deconversion-revenue-results-302848668.html
SOURCE Jack Henry & Associates, Inc.