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JKHYJack Henry & Associates, Inc.
$149.10$10.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
JKHY logo

Jack Henry & Associates, Inc.

JKHY
NASDAQ · IT Services
$149.10
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$10.59B
P/E23.9x
52W High$193.39
Volume1.36M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q4

Deconversion Fees Mask Organic Growth Deceleration

Jack Henry & Associates appears to be experiencing a deceleration in its core organic growth, with revenue growth moderating to 2.9% in 2026Q4 after a peak of 8.7% in 2026Q3, a trend potentially obscured by accelerating deconversion fee revenue. While the comp...

GrowthAccelerating
ProfitabilityModerate
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

JKHY price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

12/12 Beats

EPS beat 12 of last 12 quarters

02

Valuation risk

+12% Peers

P/E is 12% above peer median

03

Market leadership

RS 47 · Lag

Laggard (Underperforming 53% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 18
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has decelerated to 2.9% in 2026Q4, while operating margin has contracted by 750 basis points from its 2026Q1 peak of 28.5% to 21.0%, suggesting SG&A costs are outpacing revenue gains.

Analyst Consensus+26.0% target
Buy(24 analysts)
14 Buy10 Hold0 Sell

The Bull Case

Upside Catalysts

Strong valuation metrics

JKHY's trailing and forward P/E ratios of 30.82 and 28.33 respectively indicate strong valuation metrics.

Constructive Wall Street sentiment

Wall Street maintains a 'Moderate Buy' consensus with an average price target of ~$200, reflecting positive sentiment.

DCF fair value support

The shares trade at about $142.88 with a P/E of 19.9x and DCF fair value, suggesting undervaluation.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
JKHY-15.37%
S&P 500 (^GSPC)+13.20%
1-Year Return
JKHY+0.04%
S&P 500 (^GSPC)+15.98%
3-Year Return
JKHY+5.46%
S&P 500 (^GSPC)+78.06%
5-Year Return
JKHY-5.22%
S&P 500 (^GSPC)+73.40%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
23.9x
Forward P/EExpansion
21.8x
EV/EBITDA0th %ile
13.6x
FCF YieldCash Flow
5.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
23.9x
33.3x
0th· Low
EV/EBITDA
13.6x
17.9x
0th· Low
Price/FCF
18.0x
28.1x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$105.12-29.5%
Base (Fair)$173.16+11.8%
Bull$258.28+73.2%
$105.12 Bear$173.16 Base$258.28 Bull
Current Market Price: $149.10
Trades at a 13.9% discount to Base DCF ($173.16)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$2.38B+7.2% YoY
Net income
$456M+19.4% YoY
Free cash flow
$588M+15.3% YoY
Operating margin
23.9%+1.9 pts YoY
ROIC (TTM)21%
Avg ROIC 5Y-
ROE (TTM)21.4%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate12/12 (100%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 18, 2026
$1.57+6.8%
vs $1.47
$644M+2.0%
vs $632M
Q2 2026
May 5, 2026
$1.71+19.6%
vs $1.43
$636M+2.7%
vs $620M
Q1 2026
Feb 3, 2026
$1.72+20.3%
vs $1.43
$619M+1.6%
vs $610M
Q4 2025
Nov 4, 2025
$1.97+15.2%
vs $1.71
$645M+1.4%
vs $636M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·2d ago
ShredPay Joins the Jack Henry® Fintech Integration Network

SAN FRANCISCO--(BUSINESS WIRE)-- #Fintech--ShredPay, a stablecoin and digital assets management platform, today announced that it has joined the Jack Henry® Fintech Integration Network (FIN). Participation in the program will provide ShredPay with access to Jack Henry's technical resources to enable stablecoin and digital assets to integrate with bank product stacks. The Fintech Integration Network is designed to help ensure that Jack Henry's customers can easily deploy third-party products. ShredPay's st.

PRNewsWire·2d ago
Centreville Bank Selects Jack Henry to Support Continued Growth, Modernization and Enhanced Customer Experiences

The nearly 200-year-old mutual bank is investing in technology to support continued growth and modernization. Jack Henry's technology will help Centreville Bank expand its capabilities, strengthen connections with trusted technology partners, and deliver an even better experience for customers and employees.

Zacks Investment Research·6d ago
Why Is Jack Henry (JKHY) Down 2.5% Since Last Earnings Report?

Jack Henry (JKHY) reported earnings 30 days ago. What's next for the stock?

Seeking Alpha·6d ago
Jack Henry & Associates, Inc. (JKHY) Analyst/Investor Day Transcript

Jack Henry & Associates, Inc. (JKHY) Analyst/Investor Day Transcript

Filtered for Jack Henry & Associates, Inc.More Headlines
04

Compare before deciding

Benchmark JKHY against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Jack Henry & Associates, Inc. (JKHY)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
JKHY logoJKHYJack Henry & Associates, Inc.Current
$149.10$10.59B23.897.21%19.19%21.39%1.51%
FIS logoFISFidelity National Information Services, Inc.
$34.98$18.08B46.645.43%27.15%22.56%—
FISV logoFISVFiserv, Inc.
$46.10$24.58B7.273.6%13.42%10.76%—
NTRS logoNTRSNorthern Trust Corporation
$173.40$31.73B19.84-2.46%14.76%17.14%—
CSL logoCSLCarlisle Companies Incorporated
$328.55$13.29B19.190.33%14.21%41.06%—
PCTY logoPCTYPaylocity Holding Corporation
$145.71$7.8B29.6211.04%15.23%23.44%—

Compare JKHY vs Peers

Jack Henry & Associates, Inc. (JKHY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs FIS

Most directly comparable listed peer for JKHY.

Scale Benchmark

vs V

Larger-name benchmark to compare JKHY against a more recognizable public peer.

Peer Set

Compare Top 5

vs FIS, FISV, NTRS, CSL

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

JKHY SEC Filings & Documents

Jack Henry & Associates, Inc. (JKHY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 24, 2026·SEC

Material company update

Aug 18, 2026·SEC

Material company update

Aug 11, 2026·SEC

10-K Annual Reports

3
FY 2026

Aug 28, 2026·SEC

FY 2025

Aug 25, 2025·SEC

FY 2024

Aug 26, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 7, 2026·SEC

FY 2026

Feb 6, 2026·SEC

FY 2025

Nov 7, 2025·SEC

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JKHY Frequently Asked Questions

Jack Henry & Associates, Inc. (JKHY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Jack Henry & Associates, Inc.'s revenue?

Jack Henry & Associates, Inc. (JKHY) reported $2.53B in revenue for fiscal year 2025. This represents a 3648% increase from $67.6M in 1996.

How fast is Jack Henry & Associates, Inc. growing?

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

Is JKHY profitable?

Yes, Jack Henry & Associates, Inc. (JKHY) is profitable, generating $502.8M in net income for fiscal year 2025 (19.2% net margin).

Dividend & Returns
Does JKHY pay dividends?

Yes, Jack Henry & Associates, Inc. (JKHY) pays a dividend with a yield of 1.51%. This makes it attractive for income-focused investors.

What is JKHY's return on equity?

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

What is Jack Henry & Associates, Inc.'s free cash flow?

Jack Henry & Associates, Inc. (JKHY) generated $694.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in JKHY back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →