Jack Henry & Associates
JKHY · NasdaqServices-Computer Integrated Systems Design · Fiscal year ends Jun 30
Jack Henry & Associates reported revenue of $2.5B in the fiscal year ended Jun 2026, up 7.1% from the year before. Operating income was $635M, an operating margin of 25.0%, and net income was $503M. Operating cash flow of $762M less capital expenditure of $67M left free cash flow of $695M. Net debt was $28M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.1B | $2.2B | $2.4B | $2.5B |
| Cost of revenue | $1.1B | $1.2B | $1.3B | $1.4B | $1.4B |
| Gross profit | $814M | $859M | $916M | $1B | $1.1B |
| Research & development | $121M | $143M | $148M | $163M | $176M |
| Selling, general & admin | $218M | $235M | $278M | $283M | $299M |
| Operating income | $475M | $481M | $489M | $569M | $635M |
| Net interest incomeBanks | −$2M | −$6M | $9M | $17M | $18M |
| Interest expense | $2M | $15M | – | – | – |
| Pre-tax income | $472M | $475M | $498M | $586M | $653M |
| Income tax | $109M | $108M | $116M | $130M | $150M |
| Net income | $363M | $367M | $382M | $456M | $503M |
| Diluted EPS | 4.94 | 5.02 | 5.23 | 6.24 | 6.98 |
| Diluted shares | 73M | 73M | 73M | 73M | 72M |
Balance sheet
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $49M | $12M | $38M | $102M | $12M |
| Receivables | $348M | $361M | $333M | $318M | $349M |
| Current assets | $614M | $628M | $632M | $681M | $649M |
| Net PP&E | $212M | $206M | $215M | $221M | $220M |
| Goodwill | $687M | $805M | $805M | $805M | $828M |
| Total assets | $2.5B | $2.8B | $2.9B | $3B | $3.1B |
| Payables | $21M | $19M | $25M | $28M | $35M |
| Deferred revenue | $331M | $332M | $318M | $290M | $295M |
| Current liabilities | $544M | $524M | $634M | $536M | $556M |
| Short-term debt | – | $0 | $90M | $0 | – |
| Long-term debt | $115M | $275M | $60M | $0 | $40M |
| Total liabilities | $1.1B | $1.2B | $1.1B | $913M | $1.1B |
| Shareholders' equity | $1.4B | $1.6B | $1.8B | $2.1B | $2.1B |
| Backlog (remaining obligations) | $5.7B | $5.9B | $6.8B | $7.7B | $8.4B |
Cash flow
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $505M | $382M | $568M | $642M | $762M |
| Capital expenditure | $35M | $39M | $58M | $53M | $67M |
| Free cash flow | $470M | $342M | $510M | $588M | $695M |
| Depreciation & amortisation | $51M | $49M | $46M | $44M | $42M |
| Stock-based compensation | $25M | $29M | $29M | $28M | $32M |
| Acquisitions | $0 | $230M | $0 | $0 | $42M |
| Share buybacks | $194M | $25M | $28M | $35M | $448M |
| Dividends paid | $139M | $147M | $156M | $165M | $170M |
| Dividend per share | 1.90 | 2.02 | 2.14 | 2.26 | 2.38 |
Key ratios
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 6.9% | 6.6% | 7.2% | 7.1% |
| Operating income growth (YoY) | – | 1.3% | 1.8% | 16.2% | 11.7% |
| EPS growth (YoY) | – | 1.6% | 4.2% | 19.3% | 11.9% |
| Gross margin | 41.9% | 41.3% | 41.3% | 42.7% | 43.7% |
| Operating margin | 24.4% | 23.1% | 22.1% | 23.9% | 25.0% |
| Net margin | 18.7% | 17.6% | 17.2% | 19.2% | 19.8% |
| Return on equityBlank when equity is negative | 26.3% | 22.8% | 20.7% | 21.4% | 24.5% |
| ROCEEBIT ÷ (assets − current liabilities) | 24.8% | 21.4% | 21.4% | 22.7% | 24.5% |
| Free cash flow margin | 24.2% | 16.5% | 23.0% | 24.8% | 27.3% |
| Cash conversion (CFO ÷ net income) | 1.39x | 1.04x | 1.49x | 1.41x | 1.52x |
| Receivable days | 65 | 63 | 55 | 49 | 50 |
| Payable days | 7 | 6 | 7 | 8 | 9 |
| Interest cover | 199x | 31.9x | – | – | – |
| Debt ÷ equity | 0.08x | 0.17x | 0.08x | 0.00x | 0.02x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $66M | $263M | $112M | −$102M | $28M |
| Current ratio | 1.13x | 1.20x | 1.00x | 1.27x | 1.17x |
Recent filings
More in Services-Computer Integrated Systems Design
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.