Core Insights - Jack Henry & Associates (JKHY) reported first-quarter fiscal 2026 GAAP earnings of $1.97 per share, exceeding the Zacks Consensus Estimate by 20.1% and reflecting a year-over-year increase of 20.9% [1][9] - The company's revenues reached $644.7 million, surpassing the Zacks Consensus Estimate by 1.2% and showing a year-over-year growth of 7.3% [1][9] - After adjusting for deconversion revenues of $8.6 million, non-GAAP revenues were $636.1 million, marking an 8.7% increase year over year [1] Revenue Breakdown - Revenues from Services and Support, accounting for 58.5% of total revenues, were $376.8 million, up 5.7% year over year, although this figure fell short of the consensus estimate of $379 million [3] - Processing revenues, which made up 41.5% of total revenues, were $267.9 million, reflecting a 9.7% year-over-year increase and exceeding the consensus estimate of $257 million [4] - Core segment revenues were $195.3 million, up 0.5% year over year, while Payments revenues rose 9% to $230.9 million, and Complementary revenues increased by 10.2% to $194.2 million [5] Profitability Metrics - Adjusted EBITDA for the first quarter was $225 million, representing a 14.6% year-over-year increase, with an adjusted EBITDA margin expanding by 220 basis points to 34.9% [6] - Adjusted operating income increased by 18.6% year over year to $173.2 million, with the adjusted operating margin also rising by 220 basis points to 27.2% [6] Balance Sheet and Cash Flow - As of September 30, 2025, the company's cash and cash equivalents stood at $36.2 million, a decrease from $102 million as of June 30, 2025 [7] Guidance Update - For fiscal 2026, Jack Henry & Associates updated its GAAP revenue guidance to a range of $2.51-$2.49 billion, an increase from the previous guidance of $2.50-$2.48 billion [8] - The company expects non-GAAP revenues of $2.48-$2.46 billion, slightly adjusted from the previous guidance of $2.48-$2.45 billion [8] - The Zacks Consensus Estimate for revenues is set at $2.49 billion, indicating a year-over-year rise of 4.9% [8] Earnings Forecast - The anticipated GAAP operating margin for fiscal 2026 is between 24.1% and 23.9%, while the adjusted operating margin is expected to be between 23.7% and 23.5% [10] - Management projects GAAP earnings in the range of $6.49-$6.38 per share, an increase from the previous guidance of $6.44-$6.32 per share [10]