Jack Henry(US:JKHY) Prnewswire·2025-11-04 21:15Core Insights - Jack Henry & Associates, Inc. reported strong first-quarter financial results for fiscal 2026, with non-GAAP revenue growth exceeding previous outlooks [4][7][12] - The company completed the acquisition of Victor Technologies, enhancing its capabilities in the financial technology sector [4] - Fiscal year 2026 guidance includes projected revenue of $2,491 million to $2,514 million, with an operating margin of 23.9% to 24.1% [1][22] Financial Performance - For the fiscal three months ended September 30, 2025, GAAP revenue increased by 7.3% to $644.7 million compared to $601.0 million in the prior year [5][35] - Non-GAAP adjusted revenue rose by 8.7%, reaching $636.1 million, driven by growth in services and support as well as processing revenue [7][8] - Operating income increased by 21.7% to $184.1 million, resulting in an operating margin of 28.5% [9][35] Segment Performance - Core segment revenue increased by 0.5%, while payments segment revenue grew by 9.0% and complementary segment revenue rose by 10.2% [6] - Corporate and other segment revenue saw a significant increase of 31.6% [6] - Non-GAAP adjusted operating income increased by 18.6% to $173.2 million, with a non-GAAP adjusted operating margin of 27.2% [13][15] Cash Flow and Balance Sheet - Cash and cash equivalents were reported at $36.2 million as of September 30, 2025, down from $43.2 million a year earlier [24][28] - The company utilized part of its cash flow for $100 million in share repurchases during the first quarter and October [12] - Total debt outstanding decreased significantly from $140 million in September 2024 to $20 million in September 2025 [7][28] Guidance and Outlook - The full fiscal year guidance assumes no additional acquisitions or dispositions will occur during fiscal year 2026 [2][22] - Projected GAAP revenue growth for fiscal year 2026 is estimated at 4.9% to 5.9% [23] - Non-GAAP adjusted revenue growth is expected to be between 6.0% and 7.0% [23]