Short answer
Jack Henry & Associates (JKHY) filed its fiscal 2026 10-K annual report with the SEC on Aug 28, 2026. It reported revenue of $2.5B (+7.1% year over year) and net income of $503M.
- Top risk flagged: Regulatory risk from evolving cryptocurrency laws, including the GENIUS Act, increasing compliance costs and scrutiny from federal and state agencies
FY2026 key financial metrics · XBRL
- Revenue
- $2.5B
- +7.1% YoY
- Net income
- $503M
- +10.3% YoY
- Operating margin
- 25.0%
- +1.0 pp YoY
- EPS (diluted)
- $6.98
- +11.9% YoY
- ROE
- 24.5%
- +3.1 pp YoY
- Operating cash flow
- $762M
- +18.8% YoY
Source: XBRL data from the Jack Henry & Associates (JKHY) FY2026 10-K on SEC EDGAR. USD.
Jack Henry & Associates FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Financial technology solutions for community and regional banks and credit unions, focusing on core processing and complementary/payment products
- New emphasis: Launch and expansion of The Jack Henry Platform™, a public cloud-native, API-first platform integrating core functions with modern digital payment and fraud solutions
- Strategic shift: Accelerated technology modernization with cloud-native offerings and AI, plus SMB market growth via embedded payments like Tap2Local™ and Rapid Transfers
- Quantitative metric: R&D expense increased to $176.4M (up 8.3% YoY), associate count approximately 7,300 as of June 30, 2026
- Noteworthy fact: FY 2026 acquisition of Victor Technologies, enhancing cloud-native embedded payments capabilities
Management Discussion & Analysis
- Revenue $2.54B, increased 7.1% YoY ($169.1M), services/support up 6.3% to $1.45B, processing up 8.2% to $1.1B
- Net income $502.8M, up 10.3% YoY; operating expenses increased 5.7% ($102.7M); operating margin approx. 21.2% (derived from revenue and expenses)
- Best performing segment: Payments revenue $936M, up 7.2%, cost increased 4.2%; worst: Corporate Services revenue $87.7M, up 18.3% but cost up 8.0% with cost higher than revenue
- Cash flow from operations $762M (+18.8%); capital expenditures $67.1M; share buybacks $448.2M; dividends paid $170.4M
- Fiscal 2027 outlook positive, strong sales pipeline, expect continued revenue growth and margin expansion; risks include tax law changes and software development cost estimates
Risk Factors
- Regulatory risk from evolving cryptocurrency laws, including the GENIUS Act, increasing compliance costs and scrutiny from federal and state agencies
- Geopolitical risk from state-sponsored cyber-attacks leveraging frontier AI targeting zero-day vulnerabilities in company systems
- Operational risk from reliance on limited third-party cloud providers for hosting, with failures causing prolonged service outages and financial loss
- Competitive threat from fintech companies and new payment platforms disrupting traditional financial technology and payment processing models
- Key-person risk due to dependence on a small number of executives and specialized technical staff amid industry-wide wage inflation and retention challenges
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