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Jack Henry & Associates (JKHY)
NASDAQ:JKHY
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.45Last Year’s EPS
1.52Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call conveyed broadly positive momentum: record quarterly revenue, substantial margin expansion, strong cash generation, raised guidance, meaningful core wins and accelerating product innovation (cloud, payments, SMB solutions, stablecoin testing). Management acknowledged near-term headwinds—deconversion activity, expected H2 normalization of benefits and some timing/one-time items—that will temper back-half results and add execution demands as competitor consolidation creates larger opportunities. On balance, the company demonstrated healthy fundamentals, improving returns and constructive capital allocation while noting manageable short-term pressures.Company Guidance
Record Quarterly Revenue and Margin Expansion
Non-GAAP revenue of $611 million, up 6.7% year-over-year; non-GAAP operating margin of 25.1%, representing 355 basis points of margin expansion versus prior-year Q2. GAAP and non-GAAP revenue grew ~8% year-to-date.
Strong Earnings and Cash Generation
Q2 GAAP diluted EPS of $1.72, up 29% year-over-year; first-half GAAP EPS $3.70, up 24% year-over-year. Q2 operating cash flow was $153 million (up $63 million YoY) and free cash flow $103 million (up $74 million YoY). Trailing 12-month non-GAAP ROIC was 23% versus 19% a year ago.
Raised and Tightened Full-Year Guidance
Updated full-year GAAP revenue growth guidance raised to 5.6%–6.3%; non-GAAP revenue growth guidance tightened and raised to 6.4%–7.1%. Non-GAAP margin expansion guidance increased to 50–75 basis points. GAAP EPS guidance raised to $6.61–$6.72 (6%–8% growth). Free cash flow conversion outlook 90%–100%.
Robust Core Sales and Market Share Gains
Core wins: 22 competitive core wins in the quarter (4 with >$1B asset institutions); 68% of new core wins included digital and card (vs. 45% in Q2 FY25). Over the past 8 years core market share among banks up 17% and credit unions up 40%; among >$1B institutions, bank share +32% and credit union share +12%.
Cloud & Private Cloud Migration Driving Higher-Value Revenue
Cloud revenue grew 8% and represents 33% of total revenue. 78% of core clients operate in the private cloud; private cloud clients generate ~2x average revenue compared with on-premise. Company secured 10 on-premise to private cloud contracts in the quarter (5 with >$1B institutions).
Payments and Faster Payments Momentum
Adoption of faster-payment channels increased materially: number of FIs using Zelle +22% YoY, RTP +26%, FedNow +32%; Q2 payment transaction volume through these channels increased 49% YoY, supporting processing revenue growth (processing is 44% of total revenue; processing revenue +9% GAAP, +8% non-GAAP).
Complementary & Digital Platform Traction
Complementary segment non-GAAP revenue +9% in Q2 with margin expansion; 48 new Financial Crimes Defender and Faster Payment module contracts in the quarter. Banno digital platform: 84 new clients signed in the quarter, 1,037 Banno retail clients, 435 live with Banno Business, and 15.2 million registered users (up 15% YoY).
Product Innovation and SMB Initiatives
Rolled out cloud-native Tap2Local merchant acquiring (300 clients live in Nov–Dec; additional 100 recently; targeting 100–150 installs per month) and Jack Henry Rapid Transfers (75 live, ~180 onboarding). Stablecoin proof-of-concept completed in 2 weeks; beta testing for USDC underway. Victor Technologies integration progressing to enable embedded payments and Banking-as-a-Service.
Capital Allocation and Shareholder Returns
Aggressive capital returns and balance-sheet discipline: $125 million in share repurchases YTD, $84 million in dividends paid in 2025, minimal debt and expected to exit the year debt-free (barring M&A). Continued appetite for repurchases while pursuing strategic M&A selectively (Victor acquisition example).
JKHY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
JKHY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $166.16 | $173.78 | +4.59% |
Nov 04, 2025 | $151.91 | $159.30 | +4.86% |
Aug 19, 2025 | $159.52 | $162.67 | +1.97% |
May 06, 2025 | $170.29 | $169.92 | -0.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Jack Henry & Associates (JKHY) report earnings?
Jack Henry & Associates (JKHY) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Jack Henry & Associates (JKHY) earnings time?
Jack Henry & Associates (JKHY) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JKHY EPS forecast?
JKHY EPS forecast for the fiscal quarter 2026 (Q3) is 1.45.