Technology

Jack Henry & Associates, Inc. Reports Third Quarter Fiscal 2026 Results

Published

4 months ago

May 5, 2026

Third quarter summary:

GAAP revenue increased 8.7% and GAAP operating income increased 11.8% for the fiscal three months ended March 31, 2026, compared to the prior fiscal year quarter.Non-GAAP adjusted revenue increased 7.3% and non-GAAP adjusted operating income increased 7.3% for the fiscal three months ended March 31, 2026, compared to the prior fiscal year quarter.1GAAP EPS was $1.71 per diluted share for the fiscal three months ended March 31, 2026, compared to $1.52 per diluted share in the prior fiscal year quarter representing growth of 12.2%.Stock repurchases for the fiscal three months ended March 31, 2026, were $159 million at an average of $162 per share.

Fiscal year-to-date summary:

GAAP revenue increased 8.0% and GAAP operating income increased 20.6% for the fiscal year-to-date period ended March 31, 2026, compared to the prior fiscal year-to-date period.Non-GAAP adjusted revenue increased 7.6% and non-GAAP adjusted operating income increased 16.7% for the fiscal year-to-date period ended March 31, 2026, compared to the prior fiscal year-to-date period.1GAAP EPS was $5.41 per diluted share for the fiscal year-to-date period ended March 31, 2026, compared to $4.49 per diluted share in the prior fiscal year-to-date period representing growth of 20.4%.Cash and cash equivalents were $20.6 million at March 31, 2026, and $39.9 million at March 31, 2025.Debt outstanding for credit facilities was $90 million at March 31, 2026, and $170 million at March 31, 2025.Stock repurchases for fiscal year-to-date period ended March 31, 2026, were $284 million at an average of $160 per share.

Full year fiscal 2026 guidance (Dollars in millions):3

Current

GAAP

Low

High

Revenue

$2,521

$2,533

Operating margin4

24.7 %

24.9 %

EPS

$6.78

$6.87

Non-GAAP5

Adjusted revenue

$2,479

$2,491

Adjusted operating margin

23.9 %

24.1 %

MONETT, Mo., May 5, 2026 /PRNewswire/ — Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading financial technology provider, today announced results for fiscal third quarter ended March 31, 2026.

1 See tables below on page 4 reconciling non-GAAP financial measures to GAAP.

2See table below on page 14 reconciling net income to non-GAAP EBITDA.

3 The full fiscal year guidance assumes no additional acquisitions or dispositions will be made during fiscal year 2026.

4Operating margin is calculated by dividing operating income by revenue.

5See tables below on page 9 reconciling fiscal year 2026 GAAP to non-GAAP guidance.

According to Greg Adelson, President and CEO, “We delivered very strong third-quarter financial results, reflecting our differentiated set of modern solutions, unwavering focus on helping banks and credit unions win in the markets they serve, and disciplined execution across our business. Sales momentum remained strong, highlighted by 17 competitive core wins in the quarter, our best third quarter for new core wins in the last seven years. The sales pipeline is increasing, fueled by increased technology spending and competitive uncertainty, positioning Jack Henry well for driving long-term growth and value creation.”

Operating Results

Revenue, operating expenses, operating income, and net income for the fiscal three and nine months ended March 31, 2026, compared to the fiscal three and nine months ended March 31, 2025, were as follows:

Revenue

(Unaudited, dollars in thousands)

Three Months Ended

March 31,

%
Change

Nine Months Ended

March 31,

%
Change

2026

2025

2026

2025

Revenue

Services and Support

$ 365,149

$ 330,792

10.4 %

$ 1,087,808

$ 1,010,498

7.7 %

Percentage of Total Revenue

57.4 %

56.5 %

57.2 %

57.4 %

Processing

271,096

254,295

6.6 %

812,508

749,418

8.4 %

Percentage of Total Revenue

42.6 %

43.5 %

42.8 %

42.6 %

REVENUE

$ 636,245

$ 585,087

8.7 %

$ 1,900,316

$ 1,759,916

8.0 %

Services and support revenue increased for the fiscal three months ended March 31, 2026, primarily driven by growth in data processing and hosting revenue within private and public cloud revenue of 9.4% and higher deconversion revenue by $9,021. Processing revenue increased for the fiscal three months ended March 31, 2026, primarily driven by growth in digital and transaction revenue of 9.9%, card revenue of 3.6%, and faster payments revenue of 46.4%.Services and support revenue increased for the fiscal nine months ended March 31, 2026, primarily driven by growth in data processing and hosting revenue within private and public cloud revenue of 8.9% and higher deconversion revenue by $20,094. Processing revenue increased for the fiscal nine months ended March 31, 2026, primarily driven by growth in digital and transaction revenue of 12.8%, card revenue of 6.2%, and faster payments revenue of 50.5%.For the fiscal three months ended March 31, 2026, core segment revenue increased 9.2%, payments segment revenue increased 7.0%, complementary segment revenue increased 8.7%, and corporate services segment revenue increased 27.5%. For the fiscal three months ended March 31, 2026, core segment non-GAAP adjusted revenue increased 8.6%, payments segment non-GAAP adjusted revenue increased 4.7%, complementary segment non-GAAP adjusted revenue increased 7.2%, and corporate services non-GAAP adjusted segment revenue increased 27.1%. Total non-GAAP adjusted revenue increased 7.3% for the same period (see revenue lines of segment break-out tables on pages 5 and 6 below for a reconciliation of GAAP segment revenue to non-GAAP adjusted segment revenue).For the fiscal nine months ended March 31, 2026, core segment revenue increased 5.9%, payments segment revenue increased 8.0%, complementary segment revenue increased 9.5%, and corporate services segment revenue increased 14.5%. For the fiscal nine months ended March 31, 2026, core segment non-GAAP adjusted revenue increased 7.4%, payments segment non-GAAP adjusted revenue increased 6.5%, complementary segment non-GAAP adjusted revenue increased 8.4%, and corporate services non-GAAP adjusted segment revenue increased 14.2%. Total non-GAAP adjusted revenue increased 7.6% for the same period (see revenue lines of segment break-out tables on pages 7 and 8 below for a reconciliation of GAAP segment revenue to non-GAAP adjusted segment revenue).

Operating Expenses and Operating Income

(Unaudited, dollars in thousands)

Three Months Ended

March 31,

% Change

Nine Months Ended

March 31,

% Change

2026

2025

2026

2025

Cost of Revenue

$ 363,922

$ 340,586

6.9 %

$ 1,063,476

$ 1,016,868

4.6 %

Percentage of Total Revenue6

57.2 %

58.2 %

56.0 %

57.8 %

Research and Development

45,110

39,411

14.5 %

126,615

120,192

5.3 %

Percentage of Total Revenue6

7.1 %

6.7 %

6.8 %

Selling, General, and Administrative

72,166

66,350

8.8 %

211,965

209,839

1.0 %

Percentage of Total Revenue6

11.3 %

11.2 %

11.9 %

OPERATING EXPENSES

481,198

446,347

7.8 %

1,402,056

1,346,899

4.1 %

OPERATING INCOME

$ 155,047

$ 138,740

11.8 %

$ 498,260

$ 413,017

20.6 %

Operating Margin6

24.4 %

23.7 %

26.2 %

23.5 %

Cost of revenue increased for the fiscal three months ended March 31, 2026, compared to the fiscal three months ended March 31, 2025, primarily due to higher personnel costs, including compensation and benefit costs, partially related to a headcount increase in the trailing twelve months, higher direct costs generally consistent with increases in related lines of revenue, as well as increased amortization of intangible assets.Cost of revenue increased for the fiscal nine months ended March 31, 2026, compared to the fiscal nine months ended March 31, 2025, primarily due to higher personnel costs, including compensation and benefit costs, partially related to a headcount increase in the trailing twelve months, higher direct costs generally consistent with increases in related lines of revenue, and increased amortization of intangible assets. Personnel cost increases over the prior year period were tempered by lower than normal medical claims earlier in the fiscal year.Research and development expense increased for the fiscal three and nine months ended March 31, 2026, compared to the fiscal three and nine months ended March 31, 2025, primarily due to higher personnel costs (net of capitalization), including compensation and benefit costs, partially related to a headcount increase in the trailing twelve months.Selling, general, and administrative expense increased for the fiscal three months ended March 31, 2026, compared to the fiscal three months ended March 31, 2025, primarily due to higher personnel costs, including compensation and benefit costs, partially related to a headcount increase in the trailing twelve months.Selling, general, and administrative expense increased for the fiscal nine months ended March 31, 2026, compared to the fiscal nine months ended March 31, 2025, primarily due to higher personnel costs, including compensation and benefit costs, partially related to a headcount increase in the trailing twelve months and the higher gain on assets, net, in the current fiscal year period of $5,267 compared to the prior fiscal year period. Personnel cost increases over the prior year period were tempered by lower than normal medical claims earlier in the fiscal year.

Net Income

(Unaudited, in thousands,

except per share data)

Three Months Ended

March 31,

% Change

Nine Months Ended

March 31,

% Change

2026

2025

2026

2025

Income Before Income Taxes

$ 158,541

$ 141,908

11.7 %

$ 513,052

$ 426,087

20.4 %

Provision for Income Taxes

35,647

30,800

15.7 %

121,503

97,943

24.1 %

NET INCOME

$ 122,894

$ 111,108

10.6 %

$ 391,549

$ 328,144

19.3 %

Diluted earnings per share

$ 1.71

$ 1.52

12.2 %

$ 5.41

$ 4.49

20.4 %

Effective tax rates for the fiscal three and nine months ended March 31, 2026, and 2025, were 22.5% and 23.7% and 21.7% and 23.0%, respectively.

According to Mimi Carsley, CFO and Treasurer, “During the third quarter, we delivered strong growth in several key revenue areas, including continued expansion in cloud revenue and solid performance from our faster payments products and digital offerings. We anticipate relative weakness to the year to date in fiscal Q4 non-GAAP revenue and margins consistent with previously stated expectations. Based on our positive outlook, we have increased our full year non-GAAP revenue, non-GAAP margin expansion, and GAAP EPS guidance.”

6Operating margin is calculated by dividing operating income by revenue. Operating margin plus operating expense components as a percentage of total revenue may not equal 100% due to rounding.

Impact of Non-GAAP Adjustments

The tables below show our revenue, operating income, and net income for the fiscal three and nine months ended March 31, 2026, compared to the fiscal three and nine months ended March 31, 2025, excluding the impacts of deconversions in the fiscal quarter and fiscal year-to-date periods ended March 31, 2026, and March 31, 2025, the acquisition in the current fiscal quarter and fiscal year-to-date period, the gain on assets, net, in the current fiscal year-to-date period, and the impact of a contract change in the prior fiscal quarter and fiscal year-to-date period.

(Unaudited, dollars in thousands)

Three Months Ended
March 31,

% Change

Nine Months Ended
March 31,

% Change

2026

2025

2026

2025

GAAP Revenue*

$ 636,245

$ 585,087

8.7 %

$ 1,900,316

$ 1,759,916

8.0 %

Adjustments:

Deconversion revenue

(18,665)

(9,644)

(33,504)

(13,410)

Revenue related to a contract change

—

(1,201)

—

(14,672)

Revenue from the acquisition

(1,651)

—

(3,595)

—

NON-GAAP ADJUSTED REVENUE*

$ 615,929

$ 574,242

7.3 %

$ 1,863,217

$ 1,731,834

7.6 %

GAAP Operating Income

$ 155,047

$ 138,740

11.8 %

$ 498,260

$ 413,017

20.6 %

Adjustments:

Operating income from deconversions

(14,635)

(6,851)

(25,337)

(9,724)

Operating income related to a contract change

—

(209)

—

(2,178)

Gain on assets, net

—

(6,829)

—

Operating loss from the acquisition

833

—

1,817

—

NON-GAAP ADJUSTED OPERATING INCOME

$ 141,245

$ 131,680

7.3 %

$ 467,911

$ 401,115

16.7 %

Non-GAAP Adjusted Operating Margin**

22.9 %

25.1 %

23.2 %

GAAP Net Income

$ 122,894

$ 111,108

10.6 %

$ 391,549

$ 328,144

19.3 %

Adjustments:

Net income from deconversions

(14,635)

(6,851)

(25,337)

(9,724)

Net income related to a contract change

—

(209)

—

(2,178)

Gain on assets, net

—

(6,829)

—

Net loss from the acquisition

833

—

1,817

—

Tax impact of adjustments***

3,313

1,694

7,284

2,857

NON-GAAP ADJUSTED NET INCOME

$ 112,405

$ 105,742

6.3 %

$ 368,484

$ 319,099

15.5 %

*GAAP revenue is comprised of services and support and processing revenues (see page 2). Services and support revenue less deconversion revenue for the three months ended March 31, 2026, and 2025, which was $18,665 for the current fiscal year quarter and $9,644 for the prior fiscal year quarter, and reducing the three months ended March 31, 2025, amount also for revenue related to a contractual change of $1,201, results in non-GAAP adjusted services and support revenue growth of 8.3% quarter over quarter. Processing revenue less revenue from the acquisition for the three months ended March 31, 2026, of $1,651, results in non-GAAP adjusted processing revenue growth of 6.0% quarter over quarter.

Services and support revenue less deconversion revenue for the nine months ended March 31, 2026, and 2025 which was $33,504 for the current fiscal year period and $13,410 for the prior fiscal year period, and reducing the nine months ended March 31, 2025, amount also for revenue related to a contractual change of $14,672, results in non-GAAP adjusted services and support revenue growth of 7.3% period over period. Processing revenue less revenue from the acquisition for the three months ended March 31, 2026, of $3,595, results in non-GAAP adjusted processing revenue growth of 7.9% period over period.

**Non-GAAP adjusted operating margin is calculated by dividing non-GAAP adjusted operating income by non-GAAP adjusted revenue.

***The tax impact of adjustments is calculated using a tax rate of 24% for the fiscal three and nine months ended March 31, 2026, and 2025. The tax rate for non-GAAP adjustment items takes a broad look at the Company’s recurring tax adjustments and applies them to non-GAAP revenue that does not have its own specific tax impacts.

The tables below show the segment break-out of revenue and cost of revenue for each period presented, as adjusted for the items above, and include a reconciliation to non-GAAP adjusted operating income presented above.

Three Months Ended March 31, 2026

(Unaudited, dollars in thousands)

Core

Payments

Complementary

Corporate
Services

Total

GAAP REVENUE

$ 195,448

$ 232,720

$ 187,489

$ 20,588

$ 636,245

Non-GAAP adjustments*

(7,506)

(7,574)

(5,054)

(182)

(20,316)

NON-GAAP ADJUSTED REVENUE

187,942

225,146

182,435

20,406

615,929

GAAP COST OF REVENUE

81,208

119,602

72,192

90,920

363,922

Non-GAAP adjustments*

(1,971)

(1,577)

(482)

(166)

(4,196)

NON-GAAP ADJUSTED COST OF REVENUE

79,237

118,025

71,710

90,754

359,726

GAAP SEGMENT INCOME

$ 114,240

$ 113,118

$ 115,297

$ (70,332)

Segment Income Margin**

58.5 %

48.6 %

61.5 %

(341.6) %

NON-GAAP ADJUSTED SEGMENT INCOME

$ 108,705

$ 107,121

$ 110,725

$ (70,348)

Non-GAAP Adjusted Segment Income Margin**

57.8 %

47.6 %

60.7 %

(344.7) %

Research and Development

45,110

Selling, General, and Administrative

72,166

Non-GAAP adjustments unassigned to a segment***

(2,318)

NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES

474,684

NON-GAAP ADJUSTED OPERATING INCOME

$ 141,245

*Revenue non-GAAP adjustments for the Payments segment were ($1,651) of acquisition revenue and ($5,923) of deconversion revenue. Revenue non-GAAP adjustments for the remainder of the segments were deconversion revenue. Cost of revenue non-GAAP adjustments for the Payments segment were ($1,453) of acquisition costs and ($124) of deconversion costs. Cost of revenue non-GAAP adjustments for the Corporate Services segment were ($160) of acquisition costs and ($6) of deconversion costs. Cost of revenue non-GAAP adjustments for the remainder of the segments were deconversion costs.

**Segment income margin is calculated by dividing segment income by revenue for each segment. Non-GAAP adjusted segment income margin is calculated by dividing non-GAAP adjusted segment income by non-GAAP adjusted revenue for each segment.

***Non-GAAP adjustments unassigned to a segment were deconversion costs of $1,446, research and development costs related to the acquisition of $841, and selling, general, and administrative costs related to the acquisition of $31.

Three Months Ended March 31, 2025

(Unaudited, dollars in thousands)

Core

Payments

Complementary

Corporate
Services

Total

GAAP REVENUE

$ 179,052

$ 217,449

$ 172,442

$ 16,144

$ 585,087

Non-GAAP adjustments*

(6,039)

(2,394)

(2,324)

(88)

(10,845)

NON-GAAP ADJUSTED REVENUE

173,013

215,055

170,118

16,056

574,242

GAAP COST OF REVENUE

74,713

116,266

69,077

80,530

340,586

Non-GAAP adjustments*

(2,232)

(109)

(519)

(5)

(2,865)

NON-GAAP ADJUSTED COST OF REVENUE

72,481

116,157

68,558

80,525

337,721

GAAP SEGMENT INCOME

$ 104,339

$ 101,183

$ 103,365

$ (64,386)

Segment Income Margin**

58.3 %

46.5 %

59.9 %

(398.8) %

NON-GAAP ADJUSTED SEGMENT INCOME

$ 100,532

$ 98,898

$ 101,560

$ (64,469)

Non-GAAP Adjusted Segment Income Margin

58.1 %

46.0 %

59.7 %

(401.5) %

Research and Development

39,411

Selling, General, and Administrative

66,350

Non-GAAP adjustments unassigned to a segment***

(920)

NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES

442,562

NON-GAAP ADJUSTED OPERATING INCOME

$ 131,680

*Revenue non-GAAP adjustments for the Core segment were ($1,201) of revenue related to the contractual change and ($4,838) of deconversion revenue. Revenue non-GAAP adjustments for the remainder of the segments were deconversion revenue. Cost of revenue non-GAAP adjustments for the Core segment were cost of revenue related to a contractual change of ($992) and ($1,240) of deconversion costs. Cost of revenue non-GAAP adjustments for the remainder of the segments were deconversion costs.

***Non-GAAP adjustments unassigned to a segment were deconversion costs.

Nine Months Ended March 31, 2026

(Unaudited, dollars in thousands)

Core

Payments

Complementary

Corporate
Services

Total

GAAP REVENUE

$ 576,841

$ 695,588

$ 563,414

$ 64,473

$ 1,900,316

Non-GAAP adjustments*

(13,775)

(14,399)

(8,632)

(293)

(37,099)

NON-GAAP ADJUSTED REVENUE

563,066

681,189

554,782

64,180

1,863,217

GAAP COST OF REVENUE

229,130

358,306

213,717

262,323

1,063,476

Non-GAAP adjustments*

(3,117)

(4,276)

(1,078)

(260)

(8,731)

NON-GAAP ADJUSTED COST OF REVENUE

226,013

354,030

212,639

262,063

1,054,745

GAAP SEGMENT INCOME

$ 347,711

$ 337,282

$ 349,697

$ (197,850)

Segment Income Margin**

60.3 %

48.5 %

62.1 %

(306.9) %

NON-GAAP ADJUSTED SEGMENT INCOME

$ 337,053

$ 327,159

$ 342,143

$ (197,883)

Non-GAAP Adjusted Segment Income Margin

59.9 %

48.0 %

61.7 %

(308.3) %

Research and Development

126,615

Selling, General, and Administrative

211,965

Non-GAAP adjustments unassigned to a segment***

1,981

NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES

1,395,306

NON-GAAP ADJUSTED OPERATING INCOME

$ 467,911

*Revenue non-GAAP adjustments for the Payments segment were ($3,595) of acquisition revenue and ($10,804) of deconversion revenue. Revenue non-GAAP adjustments for the remainder of the segments were deconversion revenue. Cost of revenue non-GAAP adjustments for the Payments segment were ($3,863) of acquisition costs and ($413) of deconversion costs. Cost of revenue non-GAAP adjustments for the Corporate Services segment were ($253) of acquisition costs and ($7) of deconversion costs. Cost of revenue non-GAAP adjustments for the remainder of the segments were deconversion costs.

***Non-GAAP adjustments unassigned to a segment were a gain on assets, net, of $6,829 less deconversion costs of $3,551, research and development costs related to the acquisition of $1,213, and selling, general, and administrative costs related to the acquisition of $84.

Nine Months Ended March 31, 2025

(Unaudited, dollars in thousands)

Core

Payments

Complementary

Corporate
Services

Total

GAAP REVENUE

$ 544,948

$ 644,207

$ 514,454

$ 56,307

$ 1,759,916

Non-GAAP adjustments*

(20,777)

(4,341)

(2,857)

(107)

(28,082)

NON-GAAP ADJUSTED REVENUE

524,171

639,866

511,597

56,200

1,731,834

GAAP COST OF REVENUE

225,850

344,023

200,763

246,232

1,016,868

Non-GAAP adjustments*

(13,859)

(180)

(678)

(5)

(14,722)

NON-GAAP ADJUSTED COST OF REVENUE

211,991

343,843

200,085

246,227

1,002,146

GAAP SEGMENT INCOME

$ 319,098

$ 300,184

$ 313,691

$ (189,925)

Segment Income Margin**

58.6 %

46.6 %

61.0 %

(337.3) %

NON-GAAP ADJUSTED SEGMENT INCOME

$ 312,180

$ 296,023

$ 311,512

$ (190,027)

Non-GAAP Adjusted Segment Income Margin

59.6 %

46.3 %

60.9 %

(338.1) %

Research and Development

120,192

Selling, General, and Administrative

209,839

Non-GAAP adjustments unassigned to a segment***

(1,458)

NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES

1,330,719

NON-GAAP ADJUSTED OPERATING INCOME

$ 401,115

*Revenue non-GAAP adjustments for the Core segment were ($14,672) of revenue related to the contractual change and ($6,105) of deconversion revenue. Revenue non-GAAP adjustments for the remainder of the segments were deconversion revenue. Cost of revenue non-GAAP adjustments for the Core segment were cost of revenue related to a contractual change of ($12,494) and ($1,365) of deconversion costs. Cost of revenue non-GAAP adjustments for the remainder of the segments were deconversion costs.

***Non-GAAP adjustments unassigned to a segment were deconversion costs.

The table below shows our GAAP to non-GAAP guidance for the fiscal year ending June 30, 2026. Fiscal year 2026 non-GAAP guidance excludes the impacts of deconversion revenue and related operating expenses, acquisition revenues and related operating expenses, the revenues and operating expenses related to a contractual change, and the gain on assets, net, and assumes no additional acquisitions or dispositions will be made during the fiscal year.

GAAP to Non-GAAP GUIDANCE (Dollars in
millions, except per share data)

Annual FY’26

Adjusted for
FY26
Comparison

Reported

Contractual
Change

Low

High

FY25

GAAP REVENUE

$ 2,521

$ 2,533

$ 2,375

$ —

Growth

6.1 %

6.6 %

Deconversions*

—

Acquisition

—

Contractual change

—

NON-GAAP ADJUSTED REVENUE**

$ 2,479

$ 2,491

$ 2,326

$ 2,341

$ (16)

Non-GAAP Adjusted Growth

6.6 %

7.1 %

GAAP OPERATING EXPENSES

$ 1,899

$ 1,903

$ 1,807

$ —

Growth

5.1 %

5.3 %

Deconversion costs*

—

Acquisition costs

—

Contractual change

—

Gain on assets, net

(7)

—

NON-GAAP ADJUSTED OPERATING EXPENSES**

$ 1,886

$ 1,890

$ 1,787

$ 1,800

$ (14)

Non-GAAP Adjusted Growth

5.6 %

5.8 %

GAAP OPERATING INCOME

$ 622

$ 630

$ 569

$ —

Growth

9.3 %

10.7 %

GAAP OPERATING MARGIN

24.7 %

24.9 %

23.9 %

NON-GAAP ADJUSTED OPERATING INCOME**

$ 593

$ 601

$ 539

$ 541

$ (2)

Non-GAAP Adjusted Growth

10.1 %

11.5 %

NON-GAAP ADJUSTED OPERATING MARGIN

23.9 %

24.1 %

23.2 %

23.1 %

GAAP EPS

$ 6.78

$ 6.87

$ 6.24

$ —

Growth

8.7 %

10.0 %

*Deconversion revenue and related operating expenses are based on actual results for fiscal nine months ended March 31, 2026, and estimates for the remainder of the fiscal year 2026. See the Company’s Form 8-K filed with the Securities and Exchange Commission on April 28, 2026.

**GAAP to Non-GAAP revenue, operating expenses, and operating income may not foot due to rounding.

Balance Sheet and Cash Flow Review

Cash and cash equivalents were $21 million at March 31, 2026, compared to $40 million at March 31, 2025.Trade receivables were $282 million at March 31, 2026, and March 31, 2025. The Company had $90 million of borrowings at March 31, 2026, compared to $170 million of borrowings at March 31, 2025.Deferred revenue was $209 million at March 31, 2026, compared to $222 million at March 31, 2025.Stockholders’ equity increased to $2,135 million at March 31, 2026, compared to $2,036 million at March 31, 2025.

*See table below for Net Cash Provided by Operating Activities and on page 14 for Return on Average Stockholders’ Equity. Tables reconciling the non-GAAP measures Free Cash Flow and Net Operating Profit After Tax Return on Invested Capital (NOPAT ROIC) to GAAP measures are on pages 14 and 15. See the Use of Non-GAAP Financial Information section below for the definitions of Free Cash Flow and NOPAT ROIC.

The following table summarizes net cash from operating activities:

(Unaudited, in thousands)

Nine Months Ended March 31,

2026

2025

Net income

$ 391,549

$ 328,144

Depreciation

31,238

33,125

Amortization

127,462

120,136

Change in deferred income taxes

100,347

(12,765)

Other non-cash expenses

21,512

22,411

Change in receivables

37,379

50,871

Change in deferred revenue

(154,631)

(167,104)

Change in other assets and liabilities*

(95,570)

(60,426)

NET CASH FROM OPERATING ACTIVITIES

$ 459,286

$ 314,392

*For the fiscal nine months ended March 31, 2026, the change in other assets and liabilities includes the change in prepaid expenses, deferred costs and other of $(61,680), accrued expenses of $(19,137), income taxes of $(8,383), and the change in accounts payable of $(6,370). For the fiscal nine months ended March 31, 2025, the change in other assets and liabilities includes the change in prepaid expenses, deferred costs and other of $(42,989), the change in accrued expenses of $(23,436), and the change in accounts payable of $(9,541) partially offset by the change in income taxes of $15,540.

The following table summarizes net cash from investing activities:

(Unaudited, in thousands)

Nine Months Ended March 31,

2026

2025

Payment for acquisitions

$ (42,390)

$ —

Capital expenditures

(46,616)

(41,186)

Proceeds from sale of assets

24,572

—

Purchased software

(2,998)

(3,833)

Computer software developed

(140,003)

(130,298)

Purchase of investments

(13,710)

(2,000)

Proceeds from investments

1,000

NET CASH FROM INVESTING ACTIVITIES

$ (220,145)

$ (176,317)

The following table summarizes net cash from financing activities:

(Unaudited, in thousands)

Nine Months Ended March 31,

2026

2025

Borrowings on credit facilities

$ 360,000

$ 255,000

Repayments on credit facilities

(270,000)

(235,000)

Purchase of treasury stock

(284,414)

(35,052)

Dividends paid

(127,457)

(122,464)

Net cash from issuance of stock and tax related to stock-based compensation

1,350

1,027

NET CASH FROM FINANCING ACTIVITIES

$ (320,521)

$ (136,489)

Use of Non-GAAP Financial Information

Generally Accepted Accounting Principles (GAAP) is the term used to refer to the standard framework of guidelines for financial accounting in the United States. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, we have provided certain non-GAAP financial measures, including adjusted revenue, adjusted segment revenue, adjusted operating income, adjusted segment income, adjusted cost of revenue, adjusted segment cost of revenue, adjusted operating expenses, adjusted operating margin, adjusted segment income margin, non-GAAP earnings before interest, taxes, depreciation, and amortization (non-GAAP EBITDA), free cash flow, net operating profit after tax return on invested capital (NOPAT ROIC), and non-GAAP adjusted net income.

We believe non-GAAP financial measures help investors better understand the underlying fundamentals and true operations of our business. Adjusted revenue, adjusted segment revenue, adjusted operating income, adjusted operating margin, adjusted segment income, adjusted segment income margin, adjusted cost of revenue, adjusted segment cost of revenue, adjusted operating expenses, and adjusted net income eliminate one-time deconversion revenue and associated costs, the gain on assets, net, an acquisition, and a contractual change, which management believes are not indicative of the Company’s operating performance. Such adjustments give investors further insight into our performance. Non-GAAP EBITDA is defined as net income attributable to the Company before the effect of interest income, net, taxes, depreciation, and amortization, adjusted for net income before the effect of interest income, net, taxes, depreciation, and amortization attributable to eliminated one-time deconversions, the gain on assets, net, an acquisition, and a contractual change. Free cash flow is defined as net cash from operating activities, less capitalized expenditures, internal use software, and capitalized software, plus proceeds from the sale of assets. NOPAT ROIC is defined as operating income for the trailing four quarters multiplied by one minus the average effective tax rate (ETR) for the trailing four quarters, with the result divided by average invested capital (average of the beginning and ending period balances). Management believes that non-GAAP EBITDA is an important measure of the Company’s overall operating performance and excludes certain costs and other transactions that management deems one time or non-operational in nature; free cash flow is useful to measure the funds generated in a given period that are available for debt service requirements and strategic capital decisions; and NOPAT ROIC is a measure of the Company’s allocation efficiency and effectiveness of its invested capital. For these reasons, management also uses these non-GAAP financial measures in its assessment and management of the Company’s performance.

Non-GAAP financial measures used by the Company may not be comparable to similarly titled non-GAAP measures used by other companies. Non-GAAP financial measures have no standardized meaning prescribed by GAAP and therefore, are unlikely to be comparable with calculations of similar measures for other companies.

Any non-GAAP financial measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP measures. Reconciliations of the non-GAAP financial measures to related GAAP measures are included.

About Jack Henry & Associates, Inc.®

Jack Henry® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity — offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at www.jackhenry.com.

Statements made in this news release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company’s Securities and Exchange Commission filings, including the Company’s most recent reports on Form 10-K and Form 10-Q, particularly under the heading Risk Factors. Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.

Quarterly Conference Call

The Company will hold a conference call on May 6, 2026, at 7:45 a.m. Central Time, and investors are invited to listen at www.jackhenry.com. A webcast replay will be available approximately one hour after the event at ir.jackhenry.com/corporate-events-and-presentations and will remain available for one year.

Condensed Consolidated Statements of Income (Unaudited)

(Dollars in thousands, except per share data)

Three Months Ended March 31,

% Change

Nine Months Ended March 31,

% Change

2026

2025

2026

2025

REVENUE

$ 636,245

$ 585,087

8.7 %

$ 1,900,316

$ 1,759,916

8.0 %

Cost of Revenue

363,922

340,586

6.9 %

1,063,476

1,016,868

4.6 %

Research and Development

45,110

39,411

14.5 %

126,615

120,192

5.3 %

Selling, General, and Administrative

72,166

66,350

8.8 %

211,965

209,839

1.0 %

EXPENSES

481,198

446,347

7.8 %

1,402,056

1,346,899

4.1 %

OPERATING INCOME

155,047

138,740

11.8 %

498,260

413,017

20.6 %

Interest income

4,869

5,899

(17.5) %

18,194

21,406

(15.0) %

Interest expense

(1,375)

(2,731)

(49.7) %

(3,402)

(8,336)

(59.2) %

Interest Income, net

3,494

3,168

10.3 %

14,792

13,070

13.2 %

INCOME BEFORE INCOME TAXES

158,541

141,908

11.7 %

513,052

426,087

20.4 %

Provision for Income Taxes

35,647

30,800

15.7 %

121,503

97,943

24.1 %

NET INCOME

$ 122,894

$ 111,108

10.6 %

$ 391,549

$ 328,144

19.3 %

Diluted net income per share

$ 1.71

$ 1.52

$ 5.41

$ 4.49

Diluted weighted average shares outstanding

71,978

73,013

72,433

73,058

Consolidated Balance Sheet Highlights (Unaudited)

(In thousands)

March 31,

% Change

2026

2025

Cash and cash equivalents

$ 20,573

$ 39,870

(48.4) %

Receivables

282,463

282,162

0.1 %

Total assets

3,050,557

2,932,018

4.0 %

Accounts payable and accrued expenses

$ 212,133

$ 201,389

5.3 %

Current and long-term debt

90,000

170,000

(47.1) %

Deferred revenue

208,742

221,828

(5.9) %

Stockholders’ equity

2,134,811

2,036,431

4.8 %

Calculation of Non-GAAP Earnings Before Interest Income, Net, Income Taxes, Depreciation and Amortization (Non-GAAP EBITDA)

Three Months Ended March 31,

% Change

Nine Months Ended March 31,

% Change

(Dollars in thousands)

2026

2025

2026

2025

Net income

$ 122,894

$ 111,108

$ 391,549

$ 328,144

Net interest

(3,494)

(3,168)

(14,792)

(13,070)

Taxes

35,647

30,800

121,503

97,943

Depreciation and amortization

53,653

51,013

158,700

153,261

Less: Net income before interest expense, taxes, depreciation and amortization attributable to eliminated one-time adjustments*

(14,275)

(7,060)

(31,290)

(11,901)

NON-GAAP EBITDA

$ 194,425

$ 182,693

6.4 %

$ 625,670

$ 554,377

12.9 %

*The fiscal third quarter 2026 and 2025 adjustments for net income before interest expense, taxes, depreciation and amortization were for deconversions of ($14,636) and an acquisition of $361, and were for deconversions of $6,851 and a contract change of $209, respectively. The fiscal year-to-date 2026 and 2025 adjustments were for deconversions of ($25,337), a gain on assets, net, of ($6,829), and an acquisition of $876, and were for deconversions of ($9,723) and a contractual change of ($2,178), respectively.

Calculation of Free Cash Flow (Non-GAAP)

Nine Months Ended March 31,

(In thousands)

2026

2025

Net cash from operating activities

$ 459,286

$ 314,392

Capitalized expenditures

(46,616)

(41,186)

Internal use software

(2,998)

(3,833)

Proceeds from sale of assets

24,572

—

Capitalized software

(140,003)

(130,298)

FREE CASH FLOW

$ 294,241

$ 139,075

Net income

$ 391,549

$ 328,144

Operating cash conversion*

117.3 %

95.8 %

Free cash flow conversion (excluding proceeds from sale of assets)*

68.9 %

42.4 %

*Operating cash conversion is net cash from operating activities divided by net income. Free cash flow conversion is free cash flow less proceeds from sale of assets of $24,572 for fiscal 2026 and $0 for fiscal 2025 divided by net income.

Calculation of the Return on Average Stockholders’ Equity

March 31,

(In thousands)

2026

2025

Net income (trailing four quarters)

$ 519,153

$ 429,217

Average stockholder’s equity (period beginning and ending balances)

2,085,621

1,908,181

RETURN ON AVERAGE STOCKHOLDERS’ EQUITY

24.9 %

22.5 %

Calculation of NOPAT ROIC (Non-GAAP)

March 31,

(In thousands)

2026

2025

Operating income (trailing four quarters)

$ 653,957

$ 538,644

Average Effective Tax Rate (trailing four quarters)

22.8 %

NOPAT operating income (trailing four quarters)*

504,855

415,833

Average invested capital (period beginning and ending balances)

2,215,621

2,118,181

NOPAT ROIC

22.8 %

19.6 %

*NOPAT operating income is calculated by multiplying the trailing four quarters operating income by one minus the average ETR. NOPAT ROIC is calculated by dividing NOPAT operating income by average invested capital (period beginning and ending balances).

FAQ for Analysts / Investors

1.) Why does fiscal 2025 non-GAAP revenue used for growth calculation not match reported fiscal 2025 non-GAAP revenue?

The restructuring of a third-party agreement has resulted in a $16 million fiscal year-over-year revenue headwind, with $12 million of that coming in the first quarter and $3 million additional in the second and third quarters.The remaining $1 million is expected to impact the fourth quarter.This restructuring has also resulted in a decrease in the related costs and the impact on margins is expected to be minimal.This has been adjusted for a consistent fiscal year-over-year comparison and is included in our fiscal year 2026 guidance (see page 9).

2.) What are some key elements of the outlook for the fourth quarter of fiscal 2026?

We expect the year-over-year revenue growth rates to slow slightly as we face overall tougher prior year comparables from the fourth quarter of fiscal 2025.We expect some contraction in margins in the fourth quarter of fiscal 2026 compared to the fiscal year-to-date period margins that positively benefited from lower than normal expense for medical claims under our self-insured employee healthcare plan, especially during the first and second quarters.

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SOURCE Jack Henry & Associates, Inc.

Technology

SPECTRUM EXPANDS ITS COMMUNITY INVESTMENT AND OFFERS AMAZON PRIME MEMBERSHIP TO QUALIFYING LOW-INCOME SPECTRUM INTERNET CUSTOMERS

Published

29 minutes ago

August 25, 2026

Key Takeaways:

New and existing customers who currently qualify for Spectrum’s low-income Internet Assist can enjoy all the benefits of Prime, included with their Internet subscription, at no additional cost.Prime is now included for legacy Spectrum customers with the benefit coming soon for qualified legacy Cox customers.

STAMFORD, Conn., Aug. 25, 2026 /PRNewswire/ — Today, Spectrum announced it is bringing Amazon Prime benefits to eligible Spectrum Internet customers. Existing and new customers who currently qualify for Spectrum Internet Assist, affordable internet for low-income customers with speeds up to 50 Mbps, can receive Prime membership included with their Internet subscription – at no extra cost.

Qualified Spectrum Internet customers can now enjoy everything Prime has to offer, including exclusive grocery savings and convenience, delivery benefits that saved members an average of $550 in delivery fees last year, award-winning entertainment through Prime Video, and so much more. Valued at $14.99 per month or $139 per year, qualifying Spectrum Internet customers can sign up for Prime through Spectrum’s simplified onboarding experience to get started and enjoy instant savings.

“Our goal at Spectrum is to give customers more value from the services they already count on every day,” said Adam Ray, Executive Vice President, Chief Commercial Officer for Spectrum. “That value already includes the fastest mobile service at the lowest prices, and our inclusion of programming apps in our video services at no extra charge. And that value now extends to including Prime for low-income customers to help make everyday life a little easier while delivering incredible savings and entertainment – reflecting just a part of our ongoing investment to ensure the communities we serve can thrive.”

Qualified Spectrum Internet customers can now enjoy all of Prime’s savings, convenience, and entertainment. That includes everyday low prices and free delivery on 300 million items across 35 categories, tens of millions of which can be delivered the same or next day in eligible areas, including everyday essential grocery items like pantry staples, breakfast items, canned goods, baby foods, and more. Prime members also get free Same-Day Delivery on perishable grocery orders over $25 in most places, and members in more than 2,300 cities and towns can get fresh groceries, alongside electronics, books, pantry staples, snacks, and everyday household essentials like paper towels and toothpaste, delivered within hours. Plus, members enjoy exclusive deals every day and shopping events like Prime Day, fast, free delivery of prescription medications through Amazon Pharmacy, and exclusive savings on restaurant delivery and fuel.

Prime Video serves as an entertainment destination, offering unlimited streaming of movies and shows, plus access to must-see live sports including NBA, WNBA, NASCAR, and Thursday Night Football. Members also enjoy ad-free listening of 100 million songs and millions of podcast episodes with Amazon Music, cloud gaming with Amazon Luna, unlimited photo storage with Amazon Photos, and Alexa+, Amazon’s next-gen AI assistant that enhances the Prime experience, making it easy to shop, discover new entertainment, and manage photo content through natural conversation. With Amazon Family, members can also share a wide range of these benefits with one adult in their household, plus digital content with up to four children in their household.

More information is available at spectrum.com/AmazonPrime.

About Spectrum
Spectrum is a suite of advanced communications services offered by Charter Communications, Inc. (NASDAQ:CHTR), the leading broadband and video company in the nation and the fastest growing mobile provider in its footprint, with services available to more than 70 million homes and small to large businesses across 45 states. Founded in 1993, Charter has evolved from providing cable TV to streaming, and from high-speed Internet to a converged broadband, WiFi and mobile experience. Over the Spectrum Fiber Broadband Network and supported by our 100% U.S.-based employees, the Company offers Seamless Connectivity and Entertainment with Spectrum Internet®, Mobile, TV and Voice products.

More information can be found at corporate.charter.com.

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SOURCE Charter Communications, Inc.

Technology

Land id® Expands Product and AI Leadership with Senior Executive Hires

Published

29 minutes ago

August 25, 2026

Chris Omland joins as Senior Vice President of Product and Jeff Lutzenberger is named Vice President of AI Platform Strategy

BOZEMAN, Mont. and AUSTIN, Texas, Aug. 25, 2026 /PRNewswire/ — Land id today announced the addition of Chris Omland as Senior Vice President of Product and Jeff Lutzenberger as Vice President of AI Platform Strategy. Omland will lead Land id’s product and engineering organization, while Lutzenberger will oversee the application of AI across Land id’s product and platform.

Two senior executive hires signal Land id’s acceleration into AI-powered property intelligence.

The hires come as Land id continues to expand its real estate and property intelligence platform, combining geospatial visualization, proprietary property data, and AI to help customers not just access information about a property, but understand what it means and act on it.

Lutzenberger brings deep experience in machine learning, large language models, and geospatial technology. He holds a PhD in Electrical Engineering and spent nearly a decade at onX, where he helped build the geospatial pipelines and 3D technologies underpinning the company’s growth to more than 10 million users.

“The combination of geospatial information, proprietary data, and AI creates an entirely new way to understand a property and make decisions around it,” Lutzenberger said. “The foundation is already in place at Land id, and I’m excited to build on it, surfacing relevant insights and automating real estate workflows for every person and every property.”

Omland brings more than two decades of experience building and scaling enterprise software products. He held product leadership roles at Bozeman-based RightNow Technologies, acquired by Oracle in 2011, and more recently led Workiva’s platform product team as the company grew from $220 million to more than $800 million in annual revenue.

“Real estate is the world’s largest asset class, yet the information people need to understand a property and make decisions about it is still incredibly fragmented and difficult to interpret,” Omland said. “Land id has the data, technology, and team to bring that information together in a much more intelligent way. That creates an opportunity for Land id to power workflows across every step of the real estate lifecycle. That’s what made this opportunity so compelling to me.”

“Chris and Jeff bring exactly the kind of experience and leadership we need for Land id’s next stage of growth,” said Chris Hamilton, Chief Operating Officer of Land id. “We’ve built a strong foundation in property data and geospatial technology. Chris brings a proven ability to scale product organizations, and Jeff brings deep technical experience at the intersection of data, geospatial technology, and AI. Together, they significantly expand what we are capable of building.”

Omland and Lutzenberger will work closely across product, engineering, data, and AI as Land id develops its next generation of property intelligence capabilities, while remaining focused on the needs of customers across real estate, land management, agriculture, insurance, appraisal, and other property-driven industries.

ABOUT LAND ID
Land id® combines data, intelligence, and outcomes to underpin every property decision for the world’s largest asset class. The company unifies scattered data sources into a single, intuitive visualization and analysis solution for both web and mobile environments, allowing every category of real estate stakeholder to make better decisions in less time. With case studies ranging from expansive Mountain West ranches to remote recreational lodges, Land id is solving knowledge-based challenges beyond the built world. Land id is based in Bozeman, MT and Austin, TX. Learn more about Land id at https://id.land/about

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SOURCE Land id, Inc.

Technology

3CLogic Releases AI Agent Evaluator to Automate QA and Scoring of Voice AI Agents

Published

29 minutes ago

August 25, 2026

New capability scores 100% of AI interactions with plain-language reasoning, enabling accountability and rich insights into Voice AI engagements and performance.

ROCKVILLE, Md., Aug. 25, 2026 /PRNewswire/ — 3CLogic today announced the release of AI Agent Evaluator, a powerful automated quality assurance (QA) and scoring engine built natively into its Voice AI Hub. The new feature scores 100% of Voice AI agent interactions based on configurable metrics including resolution, goal completion, and quality, while providing plain-language reasoning behind each rating without the need for manual transcript review.

As enterprise service desks and contact centers accelerate the deployment of conversational AI, industry focus has heavily centered on the raw power and scalability of Voice AI agents, while largely ignoring how to continuously validate their performance in the field. While many organizations rely on manual auditing or exporting of bot transcripts into standalone QA tools intended for human agents, 3CLogic recognized the need for a solution purpose-built for AI-based interactions.

“Operational leaders are increasingly asking if the voice AI agents they deployed are doing what they were designed to address,” explains Anshuman Rawat, CTO at 3CLogic. “Deploying Voice AI agents is relatively easy, but knowing if they are actually resolving issues or deflecting a live call to the satisfaction of the caller is the real challenge. AI Agent Evaluator replaces the guesswork and black-box metrics with objective, auditable scores at scale.”

Natively integrated into its Voice AI Hub, 3CLogic’s AI Agent Evaluator allows organizations to hold AI agents to the same rigorous standards as live agents while identifying opportunities for continuous improvement. Designed to eliminate the blind spots of legacy QA processes, the solution delivers immediate business value through the following key features:

Comprehensive QA Coverage: eliminates the inherent scaling limitations of manual sampling by automatically scoring every single Voice AI conversation to quickly identify critical performance issues.

Role-specific agent evaluations: enables administrative users to create custom “yardsticks” for each specialized voice AI agent (e.g.: IT support, billing, etc.) to be scored accurately against what constitutes success for each of their unique roles.

Automated task validations: verifies that required system actions (e.g.: submitting a case, updating a ticket, etc.) are in fact executed rather than relying solely on the transcript for confirmation.

Actionable Insights: delivers visual insights into the performance of Voice AI agents over time with real-time dashboards.

The release marks the latest milestone in 3CLogic’s ongoing mission to transform the Voice AI and contact center landscape, following recent innovations, including Outbound AI agents. From global IT managed services providers to major multi-hospital systems modernizing their service operations, the organization continues to deliver significant competitive advantages for leading enterprises. AI Evaluations is now generally available to all Voice AI Hub customers.

For more information, visit 3CLogic.com.

About 3CLogic
3CLogic transforms customer and employee experiences with its patented and award-winning AI-powered cloud contact center solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative capabilities, such as intelligent self-service, Generative AI, Conversational AI, agent automation & coaching, and AI-powered sentiment analytics — all designed to lower operational costs, maximize ROI, and deliver better, faster, and more personalized interactions for IT, employee, and customer service. For more information, please visit www.3clogic.com.

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SOURCE 3CLogic