Jack Henry & Associates (JKHY) FY2025 10-K Annual Report
Jack Henry & Associates (JKHY) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Aug 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Jack Henry & Associates FY2025 10-K Analysis
Business Overview
- • Core business: Financial technology provider serving ~7,400 banks and credit unions with integrated core processing and complementary payment/security solutions
- • New emphasis on public cloud-native platform "Jack Henry Platform™" offering API-first, scalable core and digital banking services
- • Strategic shift toward technology modernization with unified cloud-native platform integrating core processing, payments, and fraud detection
- • Client asset growth: average assets under management for banking cores rose from $1.26B to $1.29B; credit union cores $1.17B to $1.20B YoY
- • Acquisition highlight: 2023 purchase of Payrailz, LLC adding AI-powered, cloud-native digital payment capabilities aligned with modernization strategy
Management Discussion & Analysis
- • Revenue $2.38B, up 7.2% YoY; services and support $1.36B (+6.7%), processing $1.01B (+7.9%)
- • Net income $455.7M, up 19.4% YoY; operating expenses +4.7%, cost of revenue $1.36B (+4.7%); effective tax rate 22.2% vs 23.3%
- • Best segment: Complementary revenue $675.2M (+9.2%), cost +5.5%; Worst segment: Corporate & Other revenue $87.3M (-1.8%), cost +6.1%
- • Cash from operations $641.5M (+12.9%); capex $53.4M; dividends $164.6M; share repurchases $35.1M (207 shares)
- • Fiscal 2026 outlook confident on strong demand, healthy sales pipeline; new tax law implications being assessed for next fiscal year
Risk Factors
- • Regulatory oversight risk from SEC cybersecurity disclosure requirements affecting financial statement materiality
- • Cybersecurity threat risk managed by CISO with 20+ years experience, reporting quarterly to Board Risk and Compliance Committee
- • Operational risk from reliance on CISO-led incident response team for escalation and remediation of cybersecurity incidents
- • No specific competitor or market disruption risk detailed in cybersecurity section
- • No explicit financial or structural risk such as leverage or key-person dependency disclosed in cybersecurity oversight context
Jack Henry & Associates FY2025 Key Financial MetricsXBRL
Revenue
$2.4B
▲ +7.2% YoY
Net Income
$456M
▲ +19.4% YoY
Operating Margin
23.9%
▲ +185bp YoY
Net Margin
19.2%
▲ +195bp YoY
ROE
21.4%
▲ +66bp YoY
Total Assets
$3.0B
▲ +4.1% YoY
EPS (Diluted)
$6.24
▲ +19.3% YoY
Operating Cash Flow
$642M
▲ +12.9% YoY
Source: XBRL data from Jack Henry & Associates FY2025 10-K filing on SEC EDGAR. All figures in USD.
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