Jack Henry & Associates (JKHY) FY2025 results: revenue $2.4 billion, up 7.2% on the year

Jack Henry & Associates Inc. (JKHY) reported revenue of $2.4 billion for fiscal 2025, the year ended 30 June 2025, up 7.2% on the year before. Net income was $456 million, up 19.4%, and diluted earnings per share $6.24. The figures are the company's own, from the 10-K it filed with the SEC on 25 August 2025.

Revenue

$2.4 billion

+7.2% on the year

FY2018FY2025

Operating margin

23.9%

22.1% a year earlier

FY2018FY2025

Net income

$456 million

+19.4% on the year

FY2018FY2025

Diluted EPS

$6.24

+19.3% on the year

FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2025 · Q2 FY2025 · Q3 FY2025 · Q4 FY2025

Income statement (profit and loss)

$ million	FY2025	FY2024	FY2023	On the year
Revenue	2,375	2,216	2,078	+7.2%
Cost of revenue	1,361	1,299	1,219	+4.7%
Gross profit	1,015	916	859	+10.7%
Gross margin	42.7%	41.3%	41.3%
Research and development	163	148	143	+9.8%
Selling, general and administrative	283	278	235	+1.7%
Operating income	569	489	481	+16.2%
Operating margin	23.9%	22.1%	23.1%
Interest expense	n/a	n/a	15.1
Pre-tax income	586	498	475	+17.7%
Income tax	130	116	108	+12.1%
Effective tax rate	22.2%	23.3%	22.7%
Net income	456	382	367	+19.4%
Net margin	19.2%	17.2%	17.6%
Diluted EPS	$6.24	$5.23	$5.02	+19.3%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	FY2025	FY2024	FY2023	On the year
Operating cash flow	642	568	382	+12.9%
Capital expenditure	53.4	58.1	39.2	-8.2%
Free cash flow	588	510	342	+15.3%
Free cash flow margin	24.8%	23.0%	16.5%
Cash from investing	-232	-240	-410
Cash from financing	-346	-302	-8.4
Depreciation	43.7	46.3	48.7	-5.7%
Share-based compensation	28.4	28.9	28.6	-1.7%
Buybacks	35.1	28.1	25.0	+24.9%
Dividends paid	165	156	147	+5.6%
Dividend per share	$2.26	$2.14	$2.02	+5.6%
Diluted shares, weighted	73m	73m	73m	+0.0%

Balance sheet

$ million	FY2025	FY2024	FY2023	On the year
Shareholders' equity	2,131	1,842	1,609	+15.7%
Debt	0.0	150	275
Operating lease liabilities	41.8	51.1	40.5	-18.3%
Other liabilities	871	881	850	-1.1%
Total liabilities and equity	3,044	2,924	2,774	+4.1%
Fixed assets	221	215	206	+2.7%
Goodwill	805	805	805	0.0%
Cash and equivalents	102	38.3	12.2	+166.3%
Receivables	318	333	361	-4.5%
Other assets	1,598	1,533	1,390	+4.2%
Total assets	3,044	2,924	2,774	+4.1%

10-K for the year ended 30 June 2025, filed 25 August 2025: the filing.