Short answer
Jack Henry & Associates (JKHY) filed its fiscal 2025 10-K annual report with the SEC on Aug 25, 2025. It reported revenue of $2.4B (+7.2% year over year) and net income of $456M.
- Top risk flagged: Regulatory oversight risk from SEC cybersecurity disclosure requirements affecting financial statement materiality
FY2025 key financial metrics · XBRL
- Revenue
- $2.4B
- +7.2% YoY
- Net income
- $456M
- +19.4% YoY
- Operating margin
- 23.9%
- +1.9 pp YoY
- EPS (diluted)
- $6.24
- +19.3% YoY
- ROE
- 21.4%
- +0.7 pp YoY
- Operating cash flow
- $642M
- +12.9% YoY
Source: XBRL data from the Jack Henry & Associates (JKHY) FY2025 10-K on SEC EDGAR. USD.
Jack Henry & Associates FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
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