Growth OutlookRecent multiple compression is attributed to concerns over Jack Henry's long-term growth outlook as adjusted revenues rose 6.5% in fiscal 2025 and are expected to grow 5.8%-7.0% in fiscal 2026, marking a divergence from the company's historical long-term guidance of 7%-8%.
Industry ChallengesIndustry is facing slower account growth due to emergence of neobank fintechs and purging of dormant accounts, which will affect F2026.
Revenue GrowthConcerns persist regarding medium-term revenue growth stability, especially given persistent pricing pressure and slowing account growth within the industry.