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]