Jack Henry & Associates Inc (JKHY)
Financials · Transaction & Payment Processing Services · US stock · S&P 500 component
$161.80
▲ +8.39 (5.47%)
Fair valueFair
$175 +8.3% to fair value
$88fair band $149–$212$263
Day's range
$154.38 – $162.13
52-week range
$121.04 – $193.39
About Jack Henry & Associates Inc
Jack Henry and Associates provides core processing software and payment technology to community banks and credit unions in the United States. Its offerings include account processing systems, digital banking, card and electronic payment services, and fraud and risk tools. Revenue is largely recurring, coming from multi-year service agreements and fees for processing and support, supplemented by software licences and hardware sales.
The figures show revenue of $2.5 billion for the last twelve months and three-year growth of 7.0% a year. It reports an operating margin of 25.0%. Capital is used to generate a return on invested capital of 23%. Leverage, measured as net debt to EBITDA, is 0.1 times. The company pays a dividend with a yield of 1.5%. The site's X-Ray Score for the company is 63 out of 100.
Price chart
52-wk range $121.04 – $193.39Volume 848,669Daily, split-adjusted
Vitals
Market cap$11.7B
52-week range$121.04 – $193.39
Volume (last day)848,669
P/E (TTM)23.3
EBIT / EV yield5.4%
Free-cash-flow yield6.0%
Dividend yield1.5%
Revenue (TTM)$2.5B
Net income (TTM)$503M
Operating margin25.0%
Return on capital23.1%
Debt incl. leases$78M
Cash & securities$12M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$175middle half of models $159 – $181
Fair
+8.3% to fair value
Average of the 15 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $162
Undervalued < $149Fair $149 – $212Overvalued > $212
P/E multiple
$171
P/B multiple
$173
P/S multiple
$159
EV/EBITDA multiple
$162
EV/EBIT multiple
$192
EV/revenue multiple
$167
10-year DCF, EBITDA exit
$180
5-year DCF, EBITDA exit
$183
10-year DCF, revenue exit
$179
5-year DCF, revenue exit
$181
10-year DCF, growth exit
$139
5-year DCF, growth exit
$135
Dividend discount, stable
$144
Dividend discount, multi-stage
$306
Earnings power value
$159
Growth the price implies
4.1%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
51/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield5.4%
Free-cash-flow yield6.0%
Fair value vs price1.1×
Growth
Fair
57/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)7.0%
EPS growth (3y)11.6%
Growth consistency100%
Profitability
Strong
77/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital23.1%
Operating margin25.0%
Gross profitability35.3%
Financial health
Strong
71/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA0.1×
Interest coverNo interest cost
Dividends
Fair
50/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.5%
Dividends vs free cash flow25%
Dividend growth5.0%
Quarterly results: last 6 quarters
+8.6%
Mar '25
+9.9%
Jun '25
+7.3%
Sep '25
+7.9%
Dec '25
+8.7%
Mar '26
+4.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $644M.
Compare with peers
PYPL PayPal Holdings, Inc.65 MA Mastercard Inc57 CPAY Corpay, Inc.55 FISV Fiserv Inc49Other Transaction & Payment Processing Services companies by X-Ray Score.
SWOT analysis: Jack Henry & Associates Inc
Strengthsinside the company
- Return on invested capital is 23.1%, against a median of 7.2% for industry peers.
- Operating margin of 25.0% is well above the 17.9% median of industry peers, a sign of pricing power or lower costs.
- Free cash flow equals 6.0% of the market value, which funds dividends, buybacks or debt paydown.
- Net debt is only 0.1x EBITDA.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Dividends use only 25% of free cash flow, which leaves room to raise them.
- Our Market Compass rates the backdrop for Financials as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Trades at 23.2x earnings, 34% above the 17.3x median of industry peers, so the price already assumes better results.
- Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare JKHY with peers and sector
Medians of 7 Transaction & Payment Processing Services peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): MA 57, PYPL 65, XYZ 45, CPAY 55, FISV 49, GPN 29.
| Metric | JKHY | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 63 | 49 | 50 |
| Valuation | 51 | 63 | 52 |
| Growth | 57 | 54 | 54 |
| Profitability | 77 | 46 | 48 |
| Financial health | 71 | 22 | 50 |
| Dividends | 50 | 37 | 54 |
Sector leaders: highest X-Ray Score in Financials
JKHY ranks #9 of 71 in Financials and #2 of 8 in Transaction & Payment Processing Services by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for JKHY
Each factor is rated by where JKHY stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 8 Good · 11 Average · 3 Bad of 22
Growth: 0 · 3 · 0
Profitability: 2 · 3 · 0
Financial strength: 3 · 1 · 0
Valuation: 0 · 2 · 3
Cash flow: 3 · 1 · 0
Efficiency: 0 · 1 · 0
| Factor | JKHY | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +7.0% | Average beats 45% | +8.3% | – | – |
| Revenue growth, last year | +7.1% | Average beats 52% | +6.9% | +7.1% | ≈ In line |
| EPS growth, 3 years a year | +11.6% | Average beats 44% | +12.7% | – | – |
| Profitability | |||||
| Gross margin | 43.7% | Average beats 44% | 47.1% | 41.9% | ≈ In line |
| Operating margin | 25.0% | Average beats 42% | 29.1% | 23.9% | ≈ In line |
| Net margin | 19.8% | Average beats 47% | 21.8% | 18.7% | ≈ In line |
| Return on invested capital | 23.1% | Good beats 74% | 13.5% | – | – |
| Return on equity | 24.5% | Good beats 79% | 15.7% | 22.8% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 0.1x | Good beats 69% | 1.1x | 0.1x | ≈ In line |
| Interest cover | 50.0x | Good beats 73% | 50.0x | – | – |
| Current ratio | 1.17 | Good beats 72% | 1.05 | 1.17 | ≈ In line |
| Piotroski F-score | 7 / 9 | Average beats 55% | 7 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 23.2x | Bad beats 24% | 13.8x | 31.8x | ▲ Better |
| Price / book | 5.7x | Bad beats 18% | 2.2x | 6.6x | ▲ Better |
| Price / sales | 4.6x | Average beats 35% | 3.1x | 5.5x | ▲ Better |
| EV / EBITDA | 18.5x | Bad beats 18% | 10.8x | 25.0x | ▲ Better |
| Free cash flow yield | 6.0% | Average beats 56% | 5.8% | 4.2% | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 27.3% | Average beats 60% | 23.2% | 24.2% | ▲ Better |
| Cash from operations / net income | 1.52 | Good beats 68% | 1.25 | 1.41 | ≈ In line |
| Free cash flow growth, 3 years a year | +26.6% | Good beats 70% | +12.7% | – | – |
| Accruals (lower is better) | −8.2% | Good beats 96% | −1.0% | – | – |
| Efficiency | |||||
| Days sales outstanding | 50 days | Average beats 61% | 53 days | 55 days | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 9 Good · ● 6 Average · ● 1 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 64/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $1.9B | $2.1B | $2.2B | $2.4B | $2.5B |
| Operating income | $475M | $481M | $489M | $569M | $635M |
| Net income | $363M | $367M | $382M | $456M | $503M |
| Operating cash flow | $505M | $382M | $568M | $642M | $762M |
| Operating margin | 24.4% | 23.1% | 22.1% | 23.9% | 25.0% |
| Free cash flow | $470M | $342M | $510M | $588M | $695M |
| Diluted EPS | $4.94 | $5.02 | $5.23 | $6.24 | $6.98 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
10 bullish · 1 neutral · 1 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 154.0 | Bullish |
| EMA 10 | 154.2 | Bullish |
| SMA 20 | 149.8 | Bullish |
| EMA 20 | 152.8 | Bullish |
| SMA 50 | 156.2 | Bullish |
| EMA 50 | 153.0 | Bullish |
| SMA 100 | 149.2 | Bullish |
| EMA 100 | 152.6 | Bullish |
| SMA 200 | 154.4 | Bullish |
| EMA 200 | 154.3 | Bullish |
Oscillators (daily)
| RSI (14) | 64.86 | Neutral |
| MACD (12, 26) | 0.78 | Bullish |
| Momentum (12) | 12.03 | Bullish |
| Stochastic %K (14) | 98.34 | Bearish |
| Williams %R (14) | -1.66 | Bearish |
| CCI (20) | 155.6 | Bearish |
Pivot points (classic, last session)
S3 149.0 | S2 151.7 | S1 156.7 | Pivot 159.4 | R1 164.5 | R2 167.2 | R3 172.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
2.41 USD
Yield on today's price
1.49%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.6100 | |
| 0.6100 | |
| 0.6100 | |
| 0.5800 | |
| 0.5800 | |
| 0.5800 | |
| 0.5800 | |
| 0.5500 | |
| 0.5500 | |
| 0.5500 | |
| 0.5500 | |
| 0.5200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold JKHY
| ETF | Share of the fund |
|---|---|
| MOAT VanEck Morningstar Wide Moat | 1.33% |
| DIVB iShares U.S. Dividend and Buyback | 0.52% |
| SDVY First Trust SMID Cap Rising Dividend A... | 0.50% |
| SDY SPDR S&P Dividend | 0.49% |
| FVD First Trust Value Line Dividend Index | 0.44% |
| QLTY GMO U.S. Quality | 0.37% |
| ROUS Hartford Multifactor US Equity | 0.33% |
| VBK Vanguard Small-Cap Growth | 0.28% |
The eight funds with the largest weight in JKHY among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
JKHY stock splits
JKHY has split its stock 6 times since 1992. The latest was a 2-for-1 split on 5 Mar 2001.
Full JKHY stock split history →JKHY SEC filings
DEF 14ASEC EDGAR
Proxy statement
10-KSEC EDGAR
Annual report
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.