Financial Performance - In Q4, non-GAAP revenue increased by 7.5% and non-GAAP operating margin was 23.2%, reflecting a margin expansion of 146 basis points year-over-year [8][9] - For the fiscal year, non-GAAP revenue reached $2.3 billion and non-GAAP operating income was $541.1 million, marking record revenue and operating income [9][25] - GAAP revenue for Q4 increased by 10%, while full year growth was 7% on a GAAP basis and 6% on a non-GAAP basis [25] Business Segment Performance - Core non-GAAP segment revenue increased by 7% for Q4, with operating margin increasing by 274 basis points [32] - Payments non-GAAP segment revenue grew by 6% for both Q4 and the full year, with non-GAAP margin expansion of 99 basis points [33] - Complementary segment non-GAAP quarterly revenue increased by 11%, with a margin expansion of 155 basis points [34] Market Dynamics - The company signed 51 new core deals in fiscal year 2025, including 31 banks and 20 credit unions, indicating strong sales momentum [11] - The company now hosts 77% of its core clients in its private cloud environment, reflecting a shift towards cloud solutions [11] - The company anticipates slight revenue headwinds from industry consolidation and renewal pricing pressure [9][10] Strategic Direction - The company is focused on technology innovation and execution to drive sales and maintain long-term positioning [9][23] - A strategic phased approach is being taken to support stablecoin solutions through banking clients, ensuring compliance with upcoming regulations [21][22] - The company aims to leverage its technology modernization strategy to enhance operational efficiency and reduce costs [20][89] Management Commentary - Management expressed confidence in the company's ability to achieve solid margin expansion and strong free cash flow metrics despite macroeconomic uncertainties [9][10] - The management highlighted the importance of maintaining a people-first culture and commitment to client service as key differentiators in the market [7][13] - Management noted that while there are short-term revenue headwinds from bank mergers and acquisitions, the long-term growth opportunities remain intact [66][68] Other Important Information - The company achieved a record operating cash flow of $642 million for fiscal year 2025, with free cash flow conversion at 90% [34] - The company has zero debt at fiscal year-end, providing flexibility for future capital deployment [35][109] - The annual customer conference, Jack Henry Connect, is expected to drive higher revenue in Q1 of fiscal year 2026 [40] Q&A Session Summary Question: Aggregate demand environment and implementation cycles - Management noted that demand remains strong with 51 core wins, and some implementation delays have improved compared to the previous quarter [44][46] Question: Revenue guidance range - Management explained that the wider guidance range allows for more operational flexibility in light of macroeconomic variables [48][50] Question: Fiscal 2026 revenue outlook by segment - Management expects solid growth in the core segment, slightly below long-term targets for payments, and strong growth in the complementary segment [55] Question: Impact of bank M&A on revenue outlook - Management indicated that while there are short-term impacts from bank M&A, the long-term growth opportunities remain solid [58][66] Question: Pricing pressure on renewals - Management acknowledged ongoing pricing pressure but emphasized their focus on improving renewal processes and maintaining competitiveness [76][78] Question: Progress of partnership with Move - Management reported that the partnership has exceeded expectations, with significant interest and excitement from Visa and MasterCard [80][82] Question: Margin expansion drivers - Management highlighted process improvement, efficiency, and cloud migration as key components driving margin expansion [87][89] Question: Free cash flow and capital allocation - Management expressed plans to increase share repurchases and remain open to M&A opportunities due to improved free cash flow and zero debt [109]

Financial Data and Key Metrics Changes - In Q4, non-GAAP revenue increased by 7.5%, and non-GAAP operating margin was 23.2%, reflecting a margin expansion of 146 basis points compared to the previous year [7][8] - For the fiscal year, non-GAAP revenue reached $2.3 billion, and non-GAAP operating income was $541.1 million, marking record revenue and operating income [8][24] - GAAP revenue for Q4 increased by 10%, while full-year growth was 7% on a GAAP basis and 6% on a non-GAAP basis [24][25] Business Line Data and Key Metrics Changes - Core non-GAAP segment revenue increased by 7% for Q4, with operating margin increasing by 274 basis points [31] - Payments non-GAAP segment revenue grew by 6% for both Q4 and the full year, with non-GAAP margin expansion of 99 basis points [33] - Complementary segment non-GAAP quarterly revenue increased by 11%, with a margin expansion of 155 basis points [34] Market Data and Key Metrics Changes - The company signed 51 new core deals in fiscal year 2025, including 31 banks and 20 credit unions, indicating strong market demand [10] - The company now hosts 77% of its core clients in its private cloud environment, reflecting a shift towards cloud solutions [10] - Total recurring revenue exceeded 91%, showcasing the stability of the revenue model [28] Company Strategy and Development Direction - The company is focused on technology innovation and execution to drive sales and maintain a competitive edge in the market [8][22] - A strategic phased approach to stablecoin solutions is being adopted, ensuring compliance with upcoming regulations while leveraging existing infrastructure [20][21] - The company aims to increase share repurchases and remain open to M&A opportunities, supported by a strong balance sheet with zero debt [34][107] Management's Comments on Operating Environment and Future Outlook - Management anticipates slight revenue headwinds due to industry consolidation, renewal pricing pressure, and macroeconomic uncertainty, but remains optimistic about margin expansion and free cash flow [8][39] - The company expects to generate sustainable, accretive sources of margin, with guidance for annual non-GAAP margin expansion of 20 to 40 basis points [38][39] - Management emphasized that the long-term growth opportunities remain intact despite short-term headwinds from bank M&A activity [66][67] Other Important Information - The company achieved a record operating cash flow of $642 million for fiscal year 2025, with free cash flow conversion at an impressive 90% [34] - The company received recognition in multiple publications for its workplace culture, reflecting its commitment to employee satisfaction [12] - The successful migration of Fedwire funds to ISO 20022 was highlighted as a significant achievement, enhancing capabilities in fraud detection and data sharing [13] Q&A Session Summary Question: Aggregate demand environment and implementation cycles - Management noted improvements in consulting engagements and implementation cycles, with some delays from the previous quarter now resolved [46][48] Question: Revenue guidance range - The wider revenue guidance range was introduced to provide more operational flexibility in light of macroeconomic variables [50][51] Question: Fiscal 2026 revenue outlook by segment - Core segment is expected to remain solid, while payments may experience slight headwinds, and complementary segment is anticipated to grow at the higher end of the growth range [55][57] Question: Impact of bank M&A on revenue outlook - Management indicated that while there are short-term revenue headwinds from bank M&A, the long-term growth opportunities remain solid [60][66] Question: Pricing pressure on renewals - Pricing pressure is observed in both renewals and new contracts, but management is implementing strategies to manage this effectively [77][80] Question: Progress of partnership with Move - The partnership has exceeded expectations, with significant interest and excitement from Visa and MasterCard regarding the rapid certification process [82][84] Question: Key levers for margin expansion - Key components for margin expansion include process improvement, efficiency in headcount management, and migration to cloud solutions [88][91]

分组1 - Jack Henry reported quarterly earnings of $1.75 per share, exceeding the Zacks Consensus Estimate of $1.46 per share, and showing an increase from $1.38 per share a year ago, resulting in an earnings surprise of +19.86% [1] - The company achieved revenues of $615.37 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.50% and increasing from $559.91 million year-over-year [2] - Jack Henry has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] 分组2 - The stock has underperformed the market, losing about 8.3% since the beginning of the year, while the S&P 500 has gained 9.7% [3] - The current consensus EPS estimate for the upcoming quarter is $1.65, with expected revenues of $642.22 million, and for the current fiscal year, the EPS estimate is $6.14 on revenues of $2.53 billion [7] - The Zacks Industry Rank indicates that the Computers - IT Services sector is currently in the bottom 39% of over 250 Zacks industries, which may impact stock performance [8]

[Filing Information](index=1&type=section&id=Filing%20Information) This section outlines the company's administrative and filing specifics for the Form 8-K, including registrant details, report type, and registered securities [General Company and Filing Details](index=1&type=section&id=General%20Company%20and%20Filing%20Details) This section provides the foundational administrative details of the Form 8-K filing, including the registrant's legal name, the type of report, the date of the earliest event reported, and confirmation that the company is not an emerging growth company - Registrant: **JACK HENRY & ASSOCIATES, INC.**[1](index=1&type=chunk) - Form Type: **8-K, Current Report**[1](index=1&type=chunk) - Date of Report (Date of earliest event reported): **August 11, 2025**[1](index=1&type=chunk) - The registrant is not an emerging growth company[4](index=4&type=chunk) [Securities Information](index=1&type=section&id=Securities%20Information) This part details the specific class of securities registered by Jack Henry & Associates, Inc. pursuant to Section 12(b) of the Securities Exchange Act of 1934 Registered Securities | Title of each class | Ticker symbol(s) | Name of each exchange on which registered | | :------------------ | :--------------- | :---------------------------------------- | | Common Stock, $0.01 par value | JKHY | Nasdaq Global Select Market | [Event Disclosure](index=3&type=section&id=Event%20Disclosure) This section discloses the company's financial results, specifically deconversion revenue, for the fiscal fourth quarter and full fiscal year [Item 2.02 Results of Operations and Financial Condition](index=3&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) Jack Henry & Associates, Inc. announced the issuance of a press release on August 11, 2025, which disclosed the company's deconversion revenue for both the fiscal fourth quarter and the full fiscal year ended June 30, 2025 - On **August 11, 2025**, Jack Henry & Associates, Inc. issued a press release[5](index=5&type=chunk) - The press release announced deconversion revenue for the fiscal fourth quarter and full fiscal year ended **June 30, 2025**[5](index=5&type=chunk) - The text of the press release is attached as **Exhibit 99.1**[5](index=5&type=chunk) [Exhibits](index=3&type=section&id=Exhibits) This section lists the documents filed as exhibits to the Form 8-K, including the press release and interactive data file [Item 9.01 Financial Statements and Exhibits](index=3&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) This section lists the documents filed as exhibits to the Form 8-K, specifically identifying the press release containing the financial results and the interactive data file Filed Exhibits | Exhibit Number | Description | | :------------- | :---------------------------------------------------------- | | 99.1 | Press Release dated August 11, 2025 | | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | [Signatures](index=4&type=section&id=Signatures) This section formally concludes the report, confirming its due signing by an authorized officer [Authorized Signatory](index=4&type=section&id=Authorized%20Signatory) This section formally concludes the report, confirming that it has been duly signed on behalf of Jack Henry & Associates, Inc. by an authorized officer - The report was signed on **August 11, 2025**[8](index=8&type=chunk) - Signed by **Mimi L. Carsley, Chief Financial Officer and Treasurer** of JACK HENRY & ASSOCIATES, INC.[8](index=8&type=chunk)

Core Insights - Jack Henry & Associates, Inc. reported record revenue and operating income for fiscal year 2025, reflecting strong performance in technology spending and sales wins for core and complementary solutions [5][6][7] - The company is well-positioned for long-term growth with a focus on culture, service, innovation, strategy, and execution as it enters fiscal year 2026 [5] Fiscal Year 2025 Summary - GAAP revenue for the fiscal year ended June 30, 2025, was $2,375.3 million, a 7.2% increase from $2,215.5 million in the prior fiscal year [7][8] - GAAP operating income increased by 16.2% to $568.7 million compared to $489.4 million in the previous year [9][12] - GAAP EPS rose to $6.24 per diluted share, up from $5.23 in the prior year, marking a 19.3% increase [13] Fourth Quarter Performance - For the fourth quarter ended June 30, 2025, GAAP revenue was $615.4 million, a 9.9% increase from $559.9 million in the same quarter of the previous year [7][14] - GAAP operating income for the fourth quarter increased by 23.9% to $155.7 million compared to $125.6 million in the prior year quarter [9][12] - Non-GAAP adjusted revenue for the fourth quarter was $594.9 million, reflecting a 7.5% increase year-over-year [14] Segment Performance - Core segment revenue increased by 10.3% in the fourth quarter, while payments segment revenue rose by 7.9% [11] - For the fiscal year, core segment revenue grew by 7.0%, and payments segment revenue increased by 6.8% [11] Guidance for Fiscal Year 2026 - The company provided guidance for fiscal year 2026, projecting GAAP revenue between $2,475 million and $2,504 million, representing a growth of 4.2% to 5.4% [2][35] - Non-GAAP adjusted revenue is expected to be between $2,459 million and $2,488 million, indicating a growth of 5.8% to 7.0% [35] Financial Position - Cash and cash equivalents increased to $102.0 million at June 30, 2025, compared to $38.3 million at June 30, 2024 [7][42] - The company had no outstanding debt as of June 30, 2025, down from $150.0 million in the previous year [7][42] - Stockholders' equity rose to $2,131 million at June 30, 2025, compared to $1,842 million at June 30, 2024 [42]

Core Insights - Jack Henry & Associates, Inc. (JKHY) is set to report its fourth-quarter fiscal 2025 results on August 19, with sales estimated at $602.6 million, reflecting a year-over-year growth of 7.6% [1][9] - The earnings consensus is projected at $1.46 per share, indicating a 5.8% increase from the previous year's quarter [1][9] - The company has consistently surpassed earnings estimates in the last four quarters, with an average surprise of 6.9% [2] Revenue Segments - The services and support category is expected to generate revenues of $340.4 million, marking a growth of 7.5% year-over-year [3] - The Core segment is projected to achieve revenues of $184.8 million, reflecting a 7.4% increase from the prior year, driven by migration to private cloud and growth in public cloud offerings [4] - The Payments segment is anticipated to report revenues of $224.9 million, indicating a year-over-year growth of 5.8%, supported by strong card transaction solutions and the expansion of faster payments infrastructure [5] - The Complementary segment is expected to see revenues of $172.4 million, representing an 11.1% increase from the previous year, driven by a diverse mix of solutions [6] Market Conditions - Ongoing tariff wars, geopolitical tensions, and macroeconomic pressures may have negatively impacted overall growth for JKHY in the upcoming quarter [6] - The company's current Earnings ESP is 0.00%, and it holds a Zacks Rank of 3, indicating a neutral outlook for earnings performance [7]

Core Insights - Wall Street analysts forecast Jack Henry (JKHY) will report quarterly earnings of $1.46 per share, reflecting a year-over-year increase of 5.8% [1] - Anticipated revenues are projected to be $602.59 million, showing a 7.6% increase compared to the same quarter last year [1] Earnings Estimates - Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter, indicating stability in analysts' forecasts [2] - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong relationship between earnings estimate revisions and short-term stock performance [3] Revenue Projections - Analysts estimate 'Revenue- Core' to reach $185.97 million, representing an 8.1% year-over-year change [5] - 'Revenue- Corporate & Other' is forecasted at $19.97 million, indicating a slight decline of 0.8% year-over-year [5] - 'Revenue- Complementary' is projected to be $171.65 million, reflecting a 10.6% increase from the previous year [5] Segment Income Estimates - 'Revenue- Payments' is expected to be $227.46 million, with a year-over-year increase of 7% [6] - 'Segment Income- Core' is projected at $113.06 million, up from $102.14 million in the same quarter last year [6] - 'Segment Income- Complementary' is estimated to reach $102.90 million, compared to $90.85 million a year ago [6] - The consensus estimate for 'Segment Income- Payments' stands at $110.13 million, up from $100.81 million in the same quarter last year [7] Stock Performance - Shares of Jack Henry have shown a return of -8% over the past month, contrasting with the Zacks S&P 500 composite's +3.5% change [7] - Jack Henry holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [7]

Cloud-native merchant acquiring solution is part of Jack Henry's SMB strategy MONETT, Mo., Aug. 14, 2025 /PRNewswire/ -- Jack Henry™ (Nasdaq: JKHY) today announced the initial launch of Tap2Local™, a new digital payments solution that enables banks and credit unions to meet the evolving needs of their small and medium-sized business (SMB) customers. Developed in collaboration with Moov, a modern digital payments processor, the cloud-native Tap2Local solution offers merchants many distinguishing features. Th ...

Core Insights - Jack Henry & Associates, Inc. reported deconversion revenue of $20.5 million for the fiscal fourth quarter ending June 30, 2025, leading to a total of $33.9 million for the full fiscal year 2025 [1][2] Group 1: Deconversion Revenue - The majority of deconversion revenue arises when a client is acquired by another financial institution, resulting in the termination of their contract with Jack Henry [2] - Deconversion revenue is influenced by factors outside of Jack Henry's control and does not reflect the core operations of the company [2] - Jack Henry excludes deconversion revenue from its non-GAAP revenue reported in quarterly and annual earnings releases [2] Group 2: Company Overview - Jack Henry is a financial technology company listed on the S&P 500, focusing on enhancing connections between financial institutions and their clients [4] - The company has been providing technology solutions for nearly 50 years, enabling clients to innovate and compete effectively [4] - Jack Henry serves approximately 7,400 clients, emphasizing user-centric innovation and insight-driven solutions to promote financial health [4]

Core Insights - Jack Henry™ has launched MyFinancialHealth, a suite of financial health tools for over 1,000 banks and credit unions on the Banno Digital Platform™, enhancing their embedded offerings [1][3] - The platform operates on a free-to-premium model, allowing financial institutions to provide essential features at no cost, with optional paid upgrades for enhanced services [2][5] - The initiative aims to strengthen the connection between accountholders and their financial institutions, reducing financial fragmentation and improving digital engagement [3][6] Product Features - MyFinancialHealth includes tools for credit monitoring, identity protection, privacy management, and subscription management, all accessible in one platform [1][4] - Users engage with the platform an average of 2.2 times per month, with many opting for premium services that offer additional protection [4] - Financial institutions can offer core tools for free while creating new revenue opportunities through optional upgrades [4][5] Market Positioning - The launch aligns with Jack Henry's mission to enhance user experience and trust through innovative technology and data-driven insights [5][6] - Early adopter First Fidelity Bank highlights the value of providing comprehensive financial health tools to customers, reinforcing the bank's position as a one-stop financial service provider [4] - The expansion of embedded tools is part of a broader strategy to help financial institutions deliver exceptional user experiences with minimal effort [5][6]