Jack Henry & Associates, Inc. (JKHY) 10-Year Financial Performance & Capital Metrics

JKHY • • Industrial / General

TechnologyIT ServicesEnterprise Software & AI PlatformsFinancial Services Software

AboutJack Henry & Associates, Inc. provides technology solutions and payment processing services primarily for financial services organizations in the United States. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The company offers information and transaction processing solutions for banks ranging from community to multi-billion-dollar asset institutions under the Jack Henry Banking brand; core data processing solutions for various credit unions under the Symitar brand; and specialized financial performance, imaging and payments processing, information security and risk management, retail delivery, and online and mobile solutions to financial institutions and corporate entities under the ProfitStars brand. It also provides a suite of integrated applications required to process deposit, loan, and general ledger transactions, as well as to maintain centralized customer/member information; and complementary products and services that enable core bank and credit union clients to respond to evolving customer/member demands. The company's Jack Henry Banking business brand offers SilverLake, a robust primarily designed for commercial-focused banks; CIF 20/20, a parameter-driven, easy-to-use system for banks; and Core Director, a cost-efficient system with point-and-click operation. Its Symitar business brand provides Episys, a robust designed for credit unions. In addition, the company offers digital products and services and electronic payment solutions; purchases and resells hardware systems, including servers, workstations, scanners, and other devices; and provides implementation, training, and support services. Jack Henry & Associates, Inc. was founded in 1976 and is headquartered in Monett, Missouri.Show more

Revenue $2.38B +7.2%
EBITDA $773M +12.2%
Net Income $456M +19.4%
EPS (Diluted) 6.24 +19.3%
Gross Margin 42.71% +3.3%
EBITDA Margin 32.56% +4.7%
Operating Margin 23.94% +8.4%
Net Margin 19.19% +11.3%
ROE 21.39% +11.3%
ROIC 21.02% +14.1%
Debt/Equity -
Interest Coverage 54.49 +82.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Dividend Aristocrat: 32 years of consecutive increases
✓Excellent 3Y average ROE of 20.6%
✓FCF machine: 24.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 18.1%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.58%

5Y6.96%

3Y6.93%

TTM7.75%

Profit (Net Income) CAGR

10Y7.99%

5Y8.97%

3Y7.89%

TTM20.34%

EPS CAGR

10Y9.19%

5Y10.08%

3Y8.1%

TTM20.51%

ROCE

10Y Avg23.38%

5Y Avg21.56%

3Y Avg21.41%

Latest22.67%

Peer Comparison

Financial Services Software

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FORTYFormula Systems (1985) Ltd.	2.61B	170.01	33.40	5.21%	2.49%	4.55%	11.34%	0.50
JKHYJack Henry & Associates, Inc.	13.84B	191.25	30.65	7.21%	19.86%	22.11%	4.25%
VYXNCR Voyix Corporation	1.5B	10.82	-2.67	-11.08%	-1.77%	-4.18%		1.12
CLPSCLPS Incorporation	25.85M	0.87	-9.40	-5.02%	-1.27%	-6.06%	26.34%	0.41
WAYWaystar Holding Corp.	5.79B	30.27	-232.85	19.28%	10.69%	3.45%	2.46%	0.41

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	1.35B	1.43B	1.54B	1.55B	1.7B	1.76B	1.94B	2.08B	2.22B	2.38B
Revenue Growth %	0.08%	0.06%	0.07%	0.01%	0.09%	0.04%	0.11%	0.07%	0.07%	0.07%
Cost of Goods Sold+	773.65M	819.03M	873.64M	923.03M	1.01B	1.06B	1.13B	1.22B	1.3B	1.36B
COGS % of Revenue	0.57%	0.57%	0.57%	0.59%	0.59%	0.6%	0.58%	0.59%	0.59%	0.57%
Gross Profit+	581M	612.08M	662.96M	629.66M	688.6M	694.83M	814.27M	858.64M	916.07M	1.01B
Gross Margin %	0.43%	0.43%	0.43%	0.41%	0.41%	0.4%	0.42%	0.41%	0.41%	0.43%
Gross Profit Growth %	0.08%	0.05%	0.08%	-0.05%	0.09%	0.01%	0.17%	0.05%	0.07%	0.11%
Operating Expenses+	238.83M	247.65M	272.49M	282.38M	307.98M	296.11M	339.65M	377.95M	426.68M	445.83M
OpEx % of Revenue	0.18%	0.17%	0.18%	0.18%	0.18%	0.17%	0.17%	0.18%	0.19%	0.19%
Selling, General & Admin	157.59M	162.9M	182.15M	186M	197.99M	187.06M	218.3M	235.27M	278.42M	283.06M
SG&A % of Revenue	0.12%	0.11%	0.12%	0.12%	0.12%	0.11%	0.11%	0.11%	0.13%	0.12%
Research & Development	81.23M	84.75M	90.34M	96.38M	109.99M	109.05M	121.36M	142.68M	148.26M	162.77M
R&D % of Revenue	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.07%	0.07%	0.07%
Other Operating Expenses	0	36K	0	0	0	0	0	0	0	0
Operating Income+	361.66M	367.7M	392.37M	347.24M	380.63M	398.72M	474.62M	480.69M	489.39M	568.72M
Operating Margin %	0.27%	0.26%	0.26%	0.22%	0.22%	0.23%	0.24%	0.23%	0.22%	0.24%
Operating Income Growth %	0.14%	0.02%	0.07%	-0.12%	0.1%	0.05%	0.19%	0.01%	0.02%	0.16%
EBITDA+	491.31M	507.49M	638.69M	618.76M	552.43M	696.61M	652.24M	671.41M	689.29M	773.47M
EBITDA Margin %	0.36%	0.35%	0.42%	0.4%	0.33%	0.4%	0.34%	0.32%	0.31%	0.33%
EBITDA Growth %	0.12%	0.03%	0.26%	-0.03%	-0.11%	0.26%	-0.06%	0.03%	0.03%	0.12%
D&A (Non-Cash Add-back)	129.65M	139.79M	246.32M	271.53M	171.81M	297.89M	177.62M	190.73M	199.9M	204.75M
EBIT	361.97M	341.96M	358.08M	348.16M	380.63M	398.72M	474.65M	489.65M	514.4M	596.47M
Net Interest Income+	-1.12M	-748K	-1.34M	-50K	449K	-994K	-2.35M	-6.11M	8.63M	17.32M
Interest Income	307K	248K	575K	876K	1.14M	150K	32K	8.96M	25.01M	27.76M
Interest Expense	1.43M	996K	1.92M	926K	688K	1.14M	2.38M	15.07M	16.38M	10.44M
Other Income/Expense	-1.12M	-748K	-1.34M	-50K	449K	-994K	-2.35M	-6.11M	8.63M	17.32M
Pretax Income+	360.54M	366.95M	391.02M	347.24M	381.08M	397.73M	472.27M	474.57M	498.02M	586.04M
Pretax Margin %	0.27%	0.26%	0.25%	0.22%	0.22%	0.23%	0.24%	0.23%	0.22%	0.25%
Income Tax+	111.67M	121.16M	14.36M	75.35M	84.41M	86.26M	109.35M	107.93M	116.2M	130.29M
Effective Tax Rate %	0.69%	0.67%	0.96%	0.78%	0.78%	0.78%	0.77%	0.77%	0.77%	0.78%
Net Income+	248.87M	245.79M	376.66M	271.88M	296.67M	311.47M	362.92M	366.65M	381.82M	455.75M
Net Margin %	0.18%	0.17%	0.25%	0.18%	0.17%	0.18%	0.19%	0.18%	0.17%	0.19%
Net Income Growth %	0.18%	-0.01%	0.53%	-0.28%	0.09%	0.05%	0.17%	0.01%	0.04%	0.19%
Net Income (Continuing)	248.87M	245.79M	365.03M	271.88M	296.67M	311.47M	362.92M	366.65M	381.82M	455.75M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	3.12	3.14	4.85	3.52	3.86	4.12	4.94	5.02	5.23	6.24
EPS Growth %	0.2%	0.01%	0.54%	-0.27%	0.1%	0.07%	0.2%	0.02%	0.04%	0.19%
EPS (Basic)	3.16	3.17	4.88	3.52	3.86	4.12	4.95	5.03	5.24	6.24
Diluted Shares Outstanding	79.73M	78.25M	77.58M	77.35M	76.93M	75.66M	73.49M	73.1M	73.03M	73.05M
Basic Shares Outstanding	78.7M	77.42M	77.17M	77.16M	76.79M	75.6M	72.88M	72.89M	72.87M	73.05M
Dividend Payout Ratio	0.34%	0.37%	0.28%	0.44%	0.43%	0.45%	0.38%	0.4%	0.41%	0.36%

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	324.23M	520.03M	468.54M	569.45M	669.1M	613.52M	627.96M	632.02M	681.46M	681.46M
Cash & Short-Term Investments	70.31M	114.77M	31.44M	93.63M	213.34M	48.79M	12.24M	38.28M	101.95M	101.95M
Cash Only	70.31M	114.77M	31.44M	93.63M	213.34M	48.79M	12.24M	38.28M	101.95M	101.95M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	253.92M	297.06M	311.33M	310.08M	322M	361.89M	368.77M	339.18M	317.98M	317.98M
Days Sales Outstanding	68.42	75.76	73.95	72.89	69.25	75.13	69.28	59.59	52.39	48.86
Inventory	0	41.31M	40.49M	0	0	0	0	0	0	0
Days Inventory Outstanding	-	18.41	16.92	-	-	-	-	-	-	-
Other Current Assets	51.11M	41.31M	45.96M	20.01M	38.23M	77.31M	246.94M	254.55M	261.53M	261.53M
Total Non-Current Assets+	1.49B	1.39B	1.58B	1.62B	1.76B	1.84B	2.15B	2.29B	2.36B	2.36B
Property, Plant & Equipment	298.56M	282.93M	286.85M	272.47M	273.43M	211.71M	205.66M	215.07M	220.96M	220.96M
Fixed Asset Turnover	4.54x	5.06x	5.36x	5.70x	6.21x	8.30x	9.45x	9.66x	10.03x	10.75x
Goodwill	552.85M	552.47M	649.93M	666.94M	686.33M	687.46M	804.8M	804.8M	804.8M	804.8M
Intangible Assets	361.91M	374.14M	441.67M	451.14M	465.49M	505.6M	651.24M	671.67M	685.26M	685.26M
Long-Term Investments	118.1M	21.98M	40.63M	55.64M	0	0	0	0	0	0
Other Non-Current Assets	188.56M	104.51M	146.57M	138.26M	334.12M	437.28M	484.16M	600.93M	651.49M	651.49M
Total Assets+	1.82B	1.91B	2.05B	2.03B	2.43B	2.46B	2.77B	2.92B	3.04B	3.04B
Asset Turnover	0.75x	0.75x	0.75x	0.76x	0.70x	0.72x	0.70x	0.71x	0.73x	0.78x
Asset Growth %	-0.01%	0.05%	0.07%	-0.01%	0.19%	0.01%	0.13%	0.05%	0.04%	0%
Total Current Liabilities+	621.26M	471.19M	487.9M	469.96M	494.85M	543.83M	523.76M	633.81M	535.78M	535.78M
Accounts Payable	14.6M	6.84M	30.36M	9.85M	9.88M	21.03M	19.16M	25.31M	28.19M	28.19M
Days Payables Outstanding	6.89	3.05	12.68	3.9	3.58	7.22	6.2	7.58	7.92	7.56
Short-Term Debt	200K	0	0	0	115K	67K	0	90M	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	902K	0	0	0	-115K	-67K	0	0	0	0
Current Ratio	0.52x	1.10x	0.96x	1.21x	1.35x	1.13x	1.20x	1.00x	1.27x	1.27x
Quick Ratio	0.52x	1.02x	0.88x	1.21x	1.35x	1.13x	1.20x	1.00x	1.27x	1.27x
Cash Conversion Cycle	-	91.13	78.19	-	-	-	-	-	-	-
Total Non-Current Liabilities+	198.04M	405.7M	295.58M	285.85M	383.94M	530.11M	641.56M	448.3M	377.35M	377.35M
Long-Term Debt	0	50M	0	0	208K	115M	275M	60M	0	0
Capital Lease Obligations	0	0	0	0	208K	0	0	0	0	0
Deferred Tax Liabilities	188.6M	219.54M	189.61M	217.01M	244M	292.63M	244.43M	243.52M	240.03M	240.03M
Other Non-Current Liabilities	198.04M	7.55M	295.58M	14.29M	68.07M	51M	54.37M	73.58M	64.44M	64.44M
Total Liabilities	819.3M	876.89M	783.48M	710.21M	878.79M	1.07B	1.17B	1.08B	913.14M	913.14M
Total Debt+	200K	50M	0	0	646K	115.13M	275M	150M	0	0
Net Debt	-70.11M	-64.77M	-31.44M	-31.44M	-212.7M	66.35M	262.76M	111.72M	-101.95M	-101.95M
Debt / Equity	0.00x	0.05x	-	-	0.00x	0.08x	0.17x	0.08x	-	-
Debt / EBITDA	0.00x	0.10x	-	-	0.00x	0.17x	0.42x	0.22x	-	-
Net Debt / EBITDA	-0.14x	-0.13x	-0.05x	-0.05x	-0.39x	0.10x	0.40x	0.17x	-0.15x	-0.13x
Interest Coverage	252.91x	369.18x	204.36x	374.98x	553.24x	348.53x	199.09x	31.89x	29.87x	54.49x
Total Equity+	996.21M	1.03B	1.27B	1.32B	1.55B	1.38B	1.61B	1.84B	2.13B	2.13B
Equity Growth %	0%	0.04%	0.23%	0.04%	0.17%	-0.11%	0.16%	0.15%	0.16%	0%
Book Value per Share	12.49	13.19	16.33	17.10	20.14	18.26	21.89	25.20	29.18	29.17
Total Shareholders' Equity	996.21M	1.03B	1.32B	1.43B	1.55B	1.38B	1.61B	1.84B	2.13B	2.13B
Common Stock	1.03M	1.03M	1.03M	1.03M	1.04M	1.04M	1.04M	1.04M	1.04M	1.04M
Retained Earnings	1.43B	1.59B	1.86B	2.07B	2.24B	2.64B	2.86B	3.08B	3.37B	3.37B
Treasury Stock	-876.13M	-1.01B	-1.06B	-1.11B	-1.18B	-1.81B	-1.83B	-1.86B	-1.9B	-1.9B
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	365.12M	357.32M	412.14M	431.13M	510.53M	504.63M	504.63M	381.56M	568.04M	641.5M
Operating CF Margin %	0.27%	0.25%	0.27%	0.28%	0.3%	0.29%	0.26%	0.18%	0.26%	0.27%
Operating CF Growth %	-0.02%	-0.02%	0.15%	0.05%	0.18%	-0.01%	0%	-0.24%	0.49%	0.13%
Net Income	248.87M	245.79M	365.03M	271.88M	296.67M	362.92M	362.92M	366.65M	381.82M	455.75M
Depreciation & Amortization	129.65M	139.79M	246.32M	271.53M	171.81M	177.62M	177.62M	190.73M	199.9M	204.75M
Stock-Based Compensation	10.72M	11.13M	11.76M	12.59M	16.88M	24.78M	24.78M	28.61M	28.87M	28.39M
Deferred Taxes	37.52M	30.94M	-74.88M	7.6M	24.58M	31.87M	31.87M	-48.2M	-909K	-3.5M
Other Non-Cash Items	-18.19M	30.76M	-954K	161K	4.74M	400K	400K	-4.52M	3.84M	1.97M
Working Capital Changes	-43.45M	-75.1M	-40.8M	-21.74M	-4.14M	-92.96M	-92.96M	-151.71M	-45.48M	-45.86M
Change in Receivables	-13.73M	-22.5M	21.49M	-11.78M	10.54M	-41.51M	-41.51M	-12.07M	28.22M	15.06M
Change in Inventory	0	0	0	0	0	0	0	0	0	0
Change in Payables	4.66M	-7.81M	6.92M	-7.53M	-47K	6.65M	6.65M	-6.28M	5.43M	2.65M
Cash from Investing+	-135.96M	-141.59M	-291.83M	-190.63M	-197.91M	-196.34M	-196.34M	-409.67M	-240.16M	-232.16M
Capital Expenditures	-164.56M	-148.19M	-149.92M	-170.76M	-177.51M	-191.39M	-191.39M	-206.98M	-232.42M	-231.17M
CapEx % of Revenue	0.12%	0.1%	0.1%	0.11%	0.1%	0.11%	0.1%	0.1%	0.1%	0.1%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	-20K	11.13M	45K	0	0	0	0
Cash from Financing+	-307.16M	-171.28M	-203.64M	-178.31M	-192.91M	-310.49M	-310.49M	-8.43M	-301.83M	-345.67M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-84.12M	-91.71M	-105.02M	-118.75M	-127.42M	-139.07M	-139.07M	-147.24M	-155.88M	-164.64M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1.28M	-5.48M	-7.33M	-13.97M	-3.74M	-4.15M	-4.15M	-8.51M	-5.38M	-7.73M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	308.79M	315.38M	372.01M	377.53M	333.02M	313.24M	469.97M	342.38M	509.92M	588.15M
FCF Margin %	0.23%	0.22%	0.24%	0.24%	0.2%	0.18%	0.24%	0.16%	0.23%	0.25%
FCF Growth %	-0.03%	0.02%	0.18%	0.01%	-0.12%	-0.06%	0.5%	-0.27%	0.49%	0.15%
FCF per Share	3.87	4.03	4.79	4.88	4.33	4.14	6.40	4.68	6.98	8.05
FCF Conversion (FCF/Net Income)	1.47x	1.45x	1.09x	1.59x	1.72x	1.62x	1.39x	1.04x	1.49x	1.41x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	25.04%	24.24%	32.77%	21%	20.66%	21.25%	24.27%	21.25%	19.22%	21.39%
Return on Invested Capital (ROIC)	29.77%	29.13%	26.72%	21.13%	22.25%	21.48%	21.45%	18.85%	18.43%	21.02%
Gross Margin	42.89%	42.77%	43.14%	40.55%	40.58%	39.52%	41.91%	41.33%	41.35%	42.71%
Net Margin	18.37%	17.17%	24.51%	17.51%	17.48%	17.71%	18.68%	17.65%	17.23%	19.19%
Debt / Equity	0.00x	0.05x	-	-	0.00x	0.08x	0.17x	0.08x	-	-
Interest Coverage	252.91x	369.18x	204.36x	374.98x	553.24x	348.53x	199.09x	31.89x	29.87x	54.49x
FCF Conversion	1.47x	1.45x	1.09x	1.59x	1.72x	1.62x	1.39x	1.04x	1.49x	1.41x
Revenue Growth	7.84%	5.65%	7.37%	1.05%	9.3%	3.6%	10.5%	6.94%	6.63%	7.21%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Payments	-	-	517.34M	548.32M	597.69M	642.31M	707.02M	767.34M	817.71M	873.5M
Payments Growth	-	-	-	5.99%	9.00%	7.46%	10.07%	8.53%	6.56%	6.82%
Core	-	-	555.29M	534.43M	582.17M	564.1M	622.44M	656.16M	690.74M	739.28M
Core Growth	-	-	-	-3.76%	8.93%	-3.10%	10.34%	5.42%	5.27%	7.03%
Complementary	-	-	412.02M	418.21M	463.35M	505.93M	561.21M	583.89M	618.21M	675.21M
Complementary Growth	-	-	-	1.50%	10.79%	9.19%	10.93%	4.04%	5.88%	9.22%
Banking Systems and Services	2.58B	2.74B	-	-	-	-	-	-	-	-
Banking Systems and Services Growth	-	6.02%	-	-	-	-	-	-	-	-
Credit Union Systems and Services	900.54M	943.42M	-	-	-	-	-	-	-	-
Credit Union Systems and Services Growth	-	4.76%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Jack Henry & Associates, Inc. (JKHY) has a price-to-earnings (P/E) ratio of 30.6x. This suggests investors expect higher future growth.

Growth & Financials

Jack Henry & Associates, Inc. (JKHY) reported $2.42B in revenue for fiscal year 2025. This represents a 136% increase from $1.03B in 2012.

Jack Henry & Associates, Inc. (JKHY) grew revenue by 7.2% over the past year. This is steady growth.

Yes, Jack Henry & Associates, Inc. (JKHY) is profitable, generating $480.5M in net income for fiscal year 2025 (19.2% net margin).

Dividend & Returns

Yes, Jack Henry & Associates, Inc. (JKHY) pays a dividend with a yield of 1.18%. This makes it attractive for income-focused investors.

Jack Henry & Associates, Inc. (JKHY) has a return on equity (ROE) of 21.4%. This is excellent, indicating efficient use of shareholder capital.

Jack Henry & Associates, Inc. (JKHY) generated $595.8M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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