Latest revenue
$636.2M
as of 2026-03-31
Latest net income
$122.9M
as of 2026-03-31
Net margin
19.3%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $9.96B
- Enterprise value
- $10.04B
- P/E (trailing)
- 21.9×
- Forward P/E
- —
- P/B
- 4.52×
- Dividend yield
- 1.7%
- 52-wk high
- $193.39
- 52-wk low
- $132.36
- Beta
- —
- Shares out
- 71.1M
5-year trend
What this company does
Jack Henry & Associates provides core technology systems to roughly 7,400 community banks, credit unions, and other financial institutions, handling transaction processing, account management, and digital banking. It earns revenue primarily through recurring software licensing, hosted processing services, and payment processing fees charged to these institutions. Revenue grew 8% year-over-year to $1.26 billion in the first half of fiscal 2026, with operating income jumping 25% as the company shifts customers toward its cloud-based platform and divests non-core assets like its corporate aircraft.
Generated from JKHY's filing dated 2025-08-25
Key risks
- Cash dropped to $28.2M from $102M in six months as buybacks ($125M) and dividends ($84M) outpaced free cash flow generation.
- Customer concentration in community banks/credit unions: ~7,400 institutions served, exposing JKHY to ongoing bank consolidation trends.
- Capitalized software ballooning: $646M net balance with $92M developed in H1 FY26, raising impairment risk if products underperform.
Generated from JKHY's filing dated 2025-08-25
Profitability
Operating margin
23.9%
8.4%Net margin
19.2%
11.3%Return on equity
21.4%
3.2%Return on assets
15.0%
14.7%Leverage
Debt / equity
0.43×
27.0%Long-term debt / equity
0.00×
100.0%Debt / assets
30.0%
18.9%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $636.2M | +8.7% | $122.9M | +10.6% | 19.3% |
Q4 2025 2025-12-31 | $619.3M | +7.9% | $124.7M | +27.4% | 20.1% |
Q3 2025 2025-09-30 | $644.7M | +7.3% | $144.0M | +20.8% | 22.3% |
Q2 2025 2025-06-30 | $615.4M | +9.9% | $127.6M | +26.2% | 20.7% |
Q1 2025 2025-03-31 | $585.1M | +8.6% | $111.1M | +27.6% | 19.0% |
Q4 2024 2024-12-31 | $573.8M | +5.2% | $97.8M | +6.4% | 17.1% |
Q3 2024 2024-09-30 | $601.0M | +5.2% | $119.2M | +17.2% | 19.8% |
Q2 2024 2024-06-30 | $559.9M | — | $101.1M | — | 18.1% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Computer Integrated Systems Design · SIC 7373
Your notes
Keep private notes on JKHY — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$317.1K
Insider selling
$4.5M
Net activity
−$4.2M
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns JKHY
Institutional value
$6.48B
Total shares held
42.9M
Distinct holders
549
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 6.0M | $941.6M | — | New |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 4.7M | $739.7M | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.6M | $567.7M | — | New |
| 4 | CIBC Bancorp USA Inc. | 1.9M | $301.9M | — | New |
| 5 | Invesco Ltd. | 1.9M | $292.8M | — | New |
| 6 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.5M | $230.4M | — | New |
| 7 | WELLS FARGO & COMPANY/MN | 1.4M | $218.4M | — | New |
| 8 | APG Asset Management N.V. | 1.6M | $214.4M | — | New |
| 9 | MACKENZIE FINANCIAL CORP | 972.9K | $153.8M | — | New |
| 10 | UBS Group AG | 856.0K | $135.3M | — | New |
| 11 | TD ASSET MANAGEMENT INC | 823.8K | $130.2M | — | New |
| 12 | DIMENSIONAL FUND ADVISORS LP | 752.0K | $118.8M | — | New |
| 13 | FIRST TRUST ADVISORS LP | 734.3K | $116.0M | — | New |
| 14 | Bank of New York Mellon Corp | 636.3K | $100.6M | — | New |
| 15 | NORDEA INVESTMENT MANAGEMENT AB | 584.8K | $91.0M | — | New |
| 16 | Tandem Investment Advisors, Inc. | 571.4K | $90.3M | — | New |
| 17 | STIFEL FINANCIAL CORP | 527.3K | $83.3M | — | New |
| 18 | JPMORGAN CHASE & CO | 499.6K | $78.1M | — | New |
| 19 | BAILLIE GIFFORD & CO | 483.8K | $76.5M | — | New |
| 20 | ENVESTNET ASSET MANAGEMENT INC | 483.3K | $76.4M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Operating margin jumped to 25.7% from 21.4% YoY—how much is sustainable versus one-time items like the $5.3M asset gain and lower SG&A?
- 2
With cash down to $28M and $20M drawn on the revolver, why accelerate buybacks 7x to $125M instead of preserving dry powder for M&A?
- 3
Deferred revenue fell $92M in six months—is this purely seasonal, or signaling slower bookings or migration delays in core/cloud conversions?
Refreshed when JKHY files a new report · last from 2025-08-25