Jack Henry & Associates, Inc.JKHY
NasdaqGS•Technology•Information Technology Services
Jack Henry & Associates, Inc. operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, general ledger transactions, and maintain centralized accountholder information. The Payments segment offers secure payment processing tools and services, including ATM, automated clearing house origination and remote deposit capture processing, and risk management products and services, as well as debit and credit card processing services, and online and mobile bill pay solutions. The Complementary segment provides software, and hosted processing platforms and services comprising digital/mobile banking, treasury, online account opening, fraud/anti-money laundering, and lending/deposit solutions. The Corporate and Other segment offers hardware and other products. It offers specialized financial performance, imaging and payment, information security and risk management, retail delivery, and online and mobile solutions to financial services organizations and corporate entities. The company also provides SilverLake system, a system primarily designed for commercial-focused banks; Symitar, a system designed for credit unions; CIF 20/20, a parameter-driven system for banks; and Core Director, a system with point-and-click operation for banks. It provides digital products and services under the Banno Digital Platform, and electronic payment solutions; hardware systems; implementation, training, and support and service solutions; data center solutions; and data and transaction processing, and software licensing and related services, as well as professional services. The company was founded in 1976 and is headquartered in Monett, Missouri.
Jack Henry & Associates, Inc. (JKHY) reported trailing twelve months revenue of $2.52B as of March 2026, a 8.4% increase year-over-year. Quarterly revenue reached $636.25M, reflecting continued top-line momentum.
Jack Henry & Associates, Inc. generated $519.15M in TTM net income, with quarterly EBITDA of $165.54M. The operating margin expanded from 23.7% to 24.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (24.4%) and net margin (19.3%) indicates moderate non-operating costs. Net margin has improved from 19.0% a year ago, signaling stronger bottom-line efficiency.
JKHY trades at a P/E of 21.6x (in line with broad market averages) and a P/S of 4.5x. The price-to-book ratio of 5.3x indicates a significant premium over book value.
The company generated $169.51M in free cash flow over the trailing twelve months, a 76.3% increase year-over-year, indicating cash generation ability. The balance sheet shows $3.05B in total assets with $90.00M in long-term debt against $2.13B in stockholders equity for a debt-to-equity ratio of 0.0, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~24.6%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 21.7% suggests a durable competitive advantage and efficient capital allocation.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~13.5% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~26.0% — no sign of cost or pricing stress.
FCF covers net income by 1.3x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 38.8% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation