Revenue growth has trended upward to 8.7% in 2026Q3, while operating income scaled to $155.0 million, reflecting effective management of SG&A expenses relative to gross profit.
| Metric | TTM | Jun'25 | Jun'24 | Jun'23 | Jun'22 | Jun'21 | Jun'20 | Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 | Jun'96 |
|---|
| Sales/Revenue | 2.52B | 2.38B | 2.22B | 2.08B | 1.94B | 1.76B | 1.7B | 1.55B | 1.54B | 1.43B | 1.35B | 1.26B | 1.21B | 1.13B | 1.03B | 966.9M | 836.59M | 745.59M | 742.95M | 668.06M | 592.21M | 535.86M | 467.42M | 404.63M | 396.66M | 345.47M | 225.3M | 184.5M | 113.4M | 82.6M | 67.6M |
| Revenue Growth % | 8.44% | 7.21% | 6.63% | 6.94% | 10.5% | 3.6% | 9.3% | 1.05% | 7.37% | 5.65% | 7.84% | 3.81% | 7.14% | 9.96% | 6.23% | 15.58% | 12.2% | 0.36% | 11.21% | 12.81% | 10.51% | 14.64% | 15.52% | 2.01% | 14.82% | 53.34% | 22.11% | 62.7% | 37.29% | 22.19% | 46.64% |
| Cost of Goods Sold | 1.41B | 1.36B | 1.3B | 1.22B | 1.13B | 1.06B | 1.01B | 923.03M | 873.64M | 819.03M | 773.65M | 720.34M | 691.42M | 652.39M | 603.38M | 567.56M | 491.47M | 446.19M | 435.7M | 381.88M | 335.76M | 313.41M | 279.44M | 251.29M | 235.44M | 193.87M | 111.71M | 91.6M | 50.5M | 37M | 30M |
| COGS % of Revenue | - | 57.29% | 58.65% | 58.67% | 58.09% | 60.48% | 59.42% | 59.45% | 56.86% | 57.23% | 57.11% | 57.34% | 57.14% | 57.77% | 58.75% | 58.7% | 58.75% | 59.84% | 58.64% | 57.16% | 56.7% | 58.49% | 59.78% | 62.1% | 59.36% | 56.12% | 49.58% | 49.65% | 44.53% | 44.79% | 44.38% |
| Gross Profit | 1.11B | 1.01B | 916.07M | 858.64M | 814.27M | 694.83M | 688.6M | 629.66M | 662.96M | 612.08M | 581M | 535.85M | 518.63M | 476.99M | 423.73M | 399.33M | 345.12M | 299.4M | 307.25M | 286.18M | 256.45M | 222.45M | 187.98M | 153.34M | 161.22M | 151.6M | 113.59M | 92.9M | 62.9M | 45.6M | 37.6M |
| Gross Margin % | 44.06% | 42.71% | 41.35% | 41.33% | 41.91% | 39.52% | 40.58% | 40.55% | 43.14% | 42.77% | 42.89% | 42.66% | 42.86% | 42.23% | 41.25% | 41.3% | 41.25% | 40.16% | 41.36% | 42.84% | 43.3% | 41.51% | 40.22% | 37.9% | 40.64% | 43.88% | 50.42% | 50.35% | 55.47% | 55.21% | 55.62% |
| Gross Profit Growth % | - | 10.75% | 6.69% | 5.45% | 17.19% | 0.9% | 9.36% | -5.02% | 8.31% | 5.35% | 8.42% | 3.32% | 8.73% | 12.57% | 6.11% | 15.71% | 15.27% | -2.55% | 7.36% | 11.59% | 15.28% | 18.34% | 22.59% | -4.89% | 6.35% | 33.46% | 22.27% | 47.69% | 37.94% | 21.28% | 48.62% |
| Operating Expenses | 454.38M | 445.83M | 426.68M | 377.95M | 339.65M | 296.11M | 307.98M | 282.38M | 272.49M | 247.65M | 238.83M | 217.99M | 206.63M | 211.44M | 187.5M | 183.02M | 162.87M | 141.51M | 164.21M | 127.62M | 117.09M | 103.38M | 89.17M | 76.06M | 74.57M | 65.86M | 62.58M | 43.6M | 29.1M | 21.4M | 18.4M |
| OpEx % of Revenue | - | 18.77% | 19.26% | 18.19% | 17.48% | 16.84% | 18.15% | 18.19% | 17.73% | 17.3% | 17.63% | 17.35% | 17.08% | 18.72% | 18.25% | 18.93% | 19.47% | 18.98% | 22.1% | 19.1% | 19.77% | 19.29% | 19.08% | 18.8% | 18.8% | 19.06% | 27.78% | 23.63% | 25.66% | 25.91% | 27.22% |
| Selling, General & Admin | 285.18M | 283.06M | 278.42M | 235.27M | 218.3M | 187.06M | 197.99M | 186M | 182.15M | 162.9M | 157.59M | 146.49M | 139.88M | 148.24M | 126.62M | 119.62M | 112.05M | 98.61M | 99.69M | 91.66M | 85.22M | 75.72M | 65.5M | 60.17M | 62.05M | 54.99M | 39.08M | 30.6M | 20.9M | 15.3M | 13M |
| SG&A % of Revenue | - | 11.92% | 12.57% | 11.32% | 11.24% | 10.64% | 11.67% | 11.98% | 11.85% | 11.38% | 11.63% | 11.66% | 11.56% | 13.13% | 12.33% | 12.37% | 13.39% | 13.23% | 13.42% | 13.72% | 14.39% | 14.13% | 14.01% | 14.87% | 15.64% | 15.92% | 17.35% | 16.59% | 18.43% | 18.52% | 19.23% |
| Research & Development | 169.19M | 162.77M | 148.26M | 142.68M | 121.36M | 109.05M | 109.99M | 96.38M | 90.34M | 84.75M | 81.23M | 71.5M | 66.75M | 63.2M | 60.88M | 63.4M | 50.82M | 42.9M | 43.33M | 35.96M | 31.87M | 27.66M | 23.67M | 15.89M | 12.53M | 10.87M | 8.02M | 5.1M | 3.1M | 2M | 1.8M |
| R&D % of Revenue | - | 6.85% | 6.69% | 6.87% | 6.25% | 6.2% | 6.48% | 6.21% | 5.88% | 5.92% | 6% | 5.69% | 5.52% | 5.6% | 5.93% | 6.56% | 6.07% | 5.75% | 5.83% | 5.38% | 5.38% | 5.16% | 5.06% | 3.93% | 3.16% | 3.15% | 3.56% | 2.76% | 2.73% | 2.42% | 2.66% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.47M | 7.9M | 5.1M | 4.1M | 3.6M |
| Operating Income | 653.96M | 568.72M | 489.39M | 480.69M | 474.62M | 398.72M | 380.63M | 347.24M | 392.37M | 367.7M | 361.66M | 317.87M | 312M | 265.55M | 236.24M | 216.32M | 182.25M | 157.89M | 143.02M | 158.55M | 139.36M | 119.07M | 98.81M | 77.27M | 86.65M | 85.74M | 51.01M | 49.3M | 33.8M | 24.2M | 19.2M |
| Operating Margin % | 26% | 23.94% | 22.09% | 23.14% | 24.43% | 22.68% | 22.43% | 22.36% | 25.53% | 25.69% | 26.7% | 25.3% | 25.78% | 23.51% | 23% | 22.37% | 21.79% | 21.18% | 19.25% | 23.73% | 23.53% | 22.22% | 21.14% | 19.1% | 21.84% | 24.82% | 22.64% | 26.72% | 29.81% | 29.3% | 28.4% |
| Operating Income Growth % | - | 16.21% | 1.81% | 1.28% | 19.04% | 4.75% | 9.62% | -11.5% | 6.71% | 1.67% | 13.78% | 1.88% | 17.49% | 12.41% | 9.21% | 18.69% | 15.43% | 10.4% | -9.8% | 13.78% | 17.04% | 20.51% | 27.87% | -10.82% | 1.06% | 68.08% | 3.47% | 45.86% | 39.67% | 26.04% | 62.71% |
| EBITDA | 810.5M | 773.47M | 689.29M | 671.41M | 652.24M | 696.61M | 552.43M | 618.76M | 638.69M | 507.49M | 491.31M | 436.86M | 419.77M | 365.89M | 330.85M | 306.83M | 253.76M | 222.03M | 205.02M | 209.51M | 183.13M | 157.98M | 132.35M | 107.47M | 114.12M | 107.63M | 66.48M | 57.2M | 38.9M | 28.3M | 22.8M |
| EBITDA Margin % | 32.22% | 32.56% | 31.11% | 32.32% | 33.57% | 39.62% | 32.55% | 39.85% | 41.57% | 35.46% | 36.27% | 34.78% | 34.69% | 32.4% | 32.21% | 31.73% | 30.33% | 29.78% | 27.6% | 31.36% | 30.92% | 29.48% | 28.31% | 26.56% | 28.77% | 31.15% | 29.51% | 31% | 34.3% | 34.26% | 33.73% |
| EBITDA Growth % | 9.14% | 12.21% | 2.66% | 2.94% | -6.37% | 26.1% | -10.72% | -3.12% | 25.85% | 3.29% | 12.46% | 4.07% | 14.73% | 10.59% | 7.83% | 20.91% | 14.29% | 8.3% | -2.14% | 14.4% | 15.92% | 19.37% | 23.15% | -5.83% | 6.03% | 61.89% | 16.23% | 47.04% | 37.46% | 24.12% | 64.03% |
| D&A (Non-Cash Add-back) | 156.54M | 204.75M | 199.9M | 190.73M | 177.62M | 297.89M | 171.81M | 271.53M | 246.32M | 139.79M | 129.65M | 119M | 107.77M | 100.34M | 94.62M | 90.51M | 71.51M | 64.15M | 62.01M | 50.95M | 43.77M | 38.91M | 33.54M | 30.19M | 27.47M | 21.89M | 15.47M | 7.9M | 5.1M | 4.1M | 3.6M |
| EBIT | 673.64M | 596.47M | 514.4M | 489.65M | 474.65M | 398.72M | 380.63M | 348.16M | 358.08M | 341.96M | 361.97M | 318.03M | 288.33M | 251.4M | 232.77M | 216.44M | 182.41M | 158.67M | 166.35M | 158.55M | 139.36M | 119.07M | 98.81M | 77.27M | 86.65M | 85.74M | 51.01M | 49.72M | 36.26M | 27.5M | 19.2M |
| Net Interest Income | 19.04M | 17.32M | 8.63M | -6.11M | -2.35M | -994K | 449K | -50K | -1.34M | -748K | -1.12M | -1.43M | -728K | -5.7M | -4.57M | -8.8M | -1.46M | -576K | 217K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 24.55M | 27.76M | 25.01M | 8.96M | 32K | 150K | 1.14M | 876K | 575K | 248K | 307K | 169K | 377K | 640K | 1.18M | 125K | 161K | 781K | 2.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 5.5M | 10.44M | 16.38M | 15.07M | 2.38M | 1.14M | 688K | 926K | 1.92M | 996K | 1.43M | 1.59M | 1.1M | 6.34M | 5.74M | 8.93M | 1.62M | 1.36M | 1.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 19.04M | 17.32M | 8.63M | -6.11M | -2.35M | -994K | 449K | -50K | -1.34M | -748K | -1.12M | -1.43M | -728K | -5.7M | -4.57M | -8.8M | -1.46M | -576K | 217K | 1.65M | 711K | 774K | 899K | 520K | 1.83M | 1.18M | 755K | 2.31M | 4.1M | 900K | 700K |
| Pretax Income | 673M | 586.04M | 498.02M | 474.57M | 472.27M | 397.73M | 381.08M | 347.24M | 391.02M | 366.95M | 360.54M | 316.44M | 311.27M | 259.85M | 231.67M | 207.51M | 180.8M | 157.31M | 164.43M | 160.2M | 140.07M | 119.84M | 99.7M | 77.79M | 88.47M | 86.92M | 51.77M | 51.3M | 35.3M | 25.1M | 19.9M |
| Pretax Margin % | 26.75% | 24.67% | 22.48% | 22.84% | 24.31% | 22.62% | 22.45% | 22.36% | 25.45% | 25.64% | 26.61% | 25.19% | 25.72% | 23.01% | 22.56% | 21.46% | 21.61% | 21.1% | 22.13% | 23.98% | 23.65% | 22.36% | 21.33% | 19.23% | 22.3% | 25.16% | 22.98% | 27.8% | 31.13% | 30.39% | 29.44% |
| Income Tax | 153.85M | 130.29M | 116.2M | 107.93M | 109.35M | 86.26M | 84.41M | 75.35M | 14.36M | 121.16M | 111.67M | 105.22M | 110.14M | 83.2M | 76.68M | 70.04M | 62.93M | 54.21M | 59.14M | 55.52M | 50.15M | 44.34M | 37.39M | 28.39M | 31.41M | 31.29M | 17.41M | 18.8M | 13.1M | 9.3M | 7.6M |
| Effective Tax Rate % | 22.86% | 22.23% | 23.33% | 22.74% | 23.15% | 21.69% | 22.15% | 21.7% | 3.67% | 33.02% | 30.97% | 33.25% | 35.38% | 32.02% | 33.1% | 33.75% | 34.8% | 34.46% | 35.97% | 34.66% | 35.8% | 37% | 37.5% | 36.5% | 35.5% | 36% | 33.64% | 36.65% | 37.11% | 37.05% | 38.19% |
| Net Income | 519.15M | 455.75M | 381.82M | 366.65M | 362.92M | 311.47M | 296.67M | 271.88M | 376.66M | 245.79M | 248.87M | 211.22M | 201.14M | 176.65M | 154.98M | 137.47M | 117.87M | 103.1M | 104.22M | 104.68M | 89.92M | 75.5M | 62.31M | 49.4M | 57.06M | 55.63M | 34.02M | 31.7M | 21.5M | 15.3M | 9.7M |
| Net Margin % | 20.64% | 19.19% | 17.23% | 17.65% | 18.68% | 17.71% | 17.48% | 17.51% | 24.51% | 17.17% | 18.37% | 16.81% | 16.62% | 15.64% | 15.09% | 14.22% | 14.09% | 13.83% | 14.03% | 15.67% | 15.18% | 14.09% | 13.33% | 12.21% | 14.39% | 16.1% | 15.1% | 17.18% | 18.96% | 18.52% | 14.35% |
| Net Income Growth % | 20.95% | 19.36% | 4.14% | 1.03% | 16.52% | 4.99% | 9.12% | -27.82% | 53.24% | -1.24% | 17.82% | 5.01% | 13.86% | 13.98% | 12.74% | 16.63% | 14.32% | -1.07% | -0.44% | 16.41% | 19.1% | 21.16% | 26.15% | -13.44% | 2.58% | 63.53% | 7.31% | 47.44% | 40.52% | 57.73% | 21.25% |
| Net Income (Continuing) | 519.15M | 455.75M | 381.82M | 366.65M | 362.92M | 311.47M | 296.67M | 271.88M | 365.03M | 245.79M | 248.87M | 211.22M | 186.72M | 167.61M | 154.98M | 137.47M | 117.87M | 103.1M | 105.29M | 105.64M | 89.92M | 75.5M | 62.31M | 49.4M | 57.06M | 55.63M | 34.35M | 32.73M | 24.2M | 18.3M | 12.3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 7.21 | 6.24 | 5.23 | 5.02 | 4.94 | 4.12 | 3.86 | 3.52 | 4.85 | 3.14 | 3.12 | 2.59 | 2.36 | 2.04 | 1.78 | 1.59 | 1.38 | 1.22 | 1.16 | 1.14 | 0.96 | 0.81 | 0.68 | 0.55 | 0.62 | 0.61 | 0.40 | 0.38 | 0.28 | 0.22 | 0.13 |
| EPS Growth % | 21.81% | 19.31% | 4.18% | 1.62% | 19.9% | 6.74% | 9.66% | -27.42% | 54.46% | 0.64% | 20.46% | 9.75% | 15.69% | 14.61% | 11.95% | 15.22% | 13.11% | 5.17% | 1.75% | 18.75% | 18.52% | 19.12% | 23.64% | -11.29% | 1.64% | 52.5% | 5.26% | 35.71% | 27.27% | 69.23% | 18.18% |
| EPS (Basic) | - | 6.24 | 5.24 | 5.03 | 4.95 | 4.12 | 3.86 | 3.52 | 4.88 | 3.17 | 3.16 | 2.61 | 2.43 | 2.07 | 1.80 | 1.59 | 1.38 | 1.23 | 1.18 | 1.16 | 0.98 | 0.83 | 0.70 | 0.56 | 0.64 | 0.64 | 0.41 | 0.40 | 0.30 | 0.23 | 0.14 |
| Diluted Shares Outstanding | 71.98M | 73.05M | 73.03M | 73.1M | 73.49M | 75.66M | 76.93M | 77.35M | 77.58M | 78.25M | 79.73M | 81.6M | 85.4M | 86.62M | 87.29M | 86.69M | 85.38M | 84.83M | 89.7M | 92.03M | 93.79M | 93M | 91.86M | 89.27M | 92.37M | 91.34M | 85.05M | 85.28M | 82.33M | 80.91M | 74.62M |
| Basic Shares Outstanding | 71.98M | 73.05M | 72.87M | 72.89M | 72.88M | 75.6M | 76.79M | 77.16M | 77.17M | 77.42M | 78.7M | 80.85M | 82.64M | 85.24M | 86.03M | 86.36M | 84.3M | 84.12M | 88.27M | 90.16M | 91.48M | 90.89M | 89.33M | 87.87M | 89.32M | 86.83M | 80.71M | 80.67M | 78.52M | 77.39M | 69.29M |
| Dividend Payout Ratio | - | 36.13% | 40.83% | 40.16% | 38.32% | 44.65% | 42.95% | 43.67% | 27.88% | 37.31% | 33.8% | 36.18% | 35.42% | 27.29% | 24.6% | 25.02% | 25.84% | 26.09% | 23.68% | 20.72% | 20.44% | 20.47% | - | 24.88% | 20.37% | 17.26% | 21.42% | 17.94% | 20.93% | 23.53% | 30.93% |
Bank charter consolidation headwinds
According to quarterly financial data, Jack Henry's revenue growth has trended upward, reaching 8.7% in 2026Q3 compared to 4.7% in 2024Q4, suggesting that the company's core processing and digital engagement platforms are successfully capturing increased wallet share despite a shrinking total addressable market of U.S. financial institutions.
The acceleration in top-line performance appears driven by the successful cross-selling of the Banno digital suite into the existing legacy core base. Investors should monitor whether this growth trajectory can persist as the consolidation of community banks reduces the number of potential new core installation targets.
As reported in recent income statements, Jack Henry achieved a gross margin of 42.8% in 2026Q3, reflecting a consistent ability to maintain pricing power within its specialized niche despite the ongoing transition toward public cloud infrastructure and the associated costs of supporting dual-run operational environments.
The stability in gross margins suggests that the company's high-touch service model remains a non-discretionary utility for its clients. However, the potential for margin expansion may be capped by the necessity of maintaining specialized labor to support complex, high-risk core migrations for mid-tier financial institutions.
Based on the provided income statement figures, operating income has scaled from $112.1 million in 2024Q3 to $155.0 million in 2026Q3, indicating that management is effectively managing SG&A expenses relative to gross profit growth as the company benefits from its integrated, recurring revenue business model.
The improvement in operating margins suggests that the company is successfully leveraging its existing infrastructure to support a larger client base without a proportional increase in overhead. This efficiency warrants further investigation into whether future R&D investments will continue to yield similar operating leverage or if competitive pressures will necessitate higher spending.
Analysis of the reported financials reveals that net income reached $122.9 million in 2026Q3, though investors should note that historical earnings have been periodically influenced by lumpy deconversion fees and variable stock-based compensation, which can mask the underlying organic profitability of the core business operations.
The variability in quarterly net income suggests that headline EPS figures may not always reflect the underlying health of the recurring revenue base. Analysts should adjust for these non-recurring items to better assess the true earnings power of the firm's core processing and payment segments.
Quick answers to the most common questions about buying JKHY stock.
For fiscal year 2025, Jack Henry & Associates, Inc. (JKHY) reported total revenue of $2.38B. This represents a 3413.7% increase compared to $67.6M in 1996.
Jack Henry & Associates, Inc. (JKHY) is profitable, generating $455.7M in net income for the fiscal year ending 2025 with a net profit margin of 19.2%.
Jack Henry & Associates, Inc. (JKHY) reported an operating income of $568.7M, resulting in an operating profit margin of 23.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Jack Henry & Associates, Inc. (JKHY) generated $1.01B in gross profit for the year, representing a gross profit margin of 42.7%. This demonstrates the company's core pricing power and production efficiency.