Jack Henry & Associates (JKHY) Q1 FY2027 earnings: revenue $702 million, up 8.8% on the year

Jack Henry & Associates Inc. (JKHY) reported revenue of $702 million for Q1 FY2027, the quarter ended 30 September 2026, up 8.8% on the same quarter a year earlier. Net income was $160 million, up 11.4% on the year, and diluted earnings per share $2.28. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.

Revenue

$702 million

+8.8% on the year · +8.9% on the quarter

Q2 FY2025Q1 FY2027

Operating margin

29.5%

28.5% a year earlier

Q2 FY2025Q1 FY2027

Net income

$160 million

+11.4% on the year · +44.2% on the quarter

Q2 FY2025Q1 FY2027

Diluted EPS

$2.28

+15.7% on the year · +45.2% on the quarter

Q2 FY2025Q1 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 kept.

Revenue and EPS both grew: GAAP revenue rose to $701,547 thousand and GAAP diluted EPS was $2.28, against $1.97. GAAP operating income rose to $207,071 thousand. Non-GAAP adjusted revenue rose 7.2%.
Deconversion revenue excluded from non-GAAP: Deconversion revenue was $17.9 million in the quarter, compared with $8.6 million a year earlier. It is excluded from non-GAAP revenue and operating income.
Core growth against one-time items: Management said the prior year comparison included one-time on-premise implementation and consulting revenue. Excluding those items, key recurring Core growth was 8.6%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Revenue	702	644	645	+8.9%	+8.8%
Cost of revenue	376	370	349	+1.6%	+7.9%
Gross profit	326	274	296	+18.9%	+9.9%
Gross margin	46.4%	42.5%	45.9%
Research and development	45.8	49.8	39.3	-8.1%	+16.6%
Selling, general and administrative	72.6	87.2	72.8	-16.7%	-0.2%
Operating income	207	137	184	+51.4%	+12.5%
Operating margin	29.5%	21.2%	28.5%
Pre-tax income	211	140	190	+50.7%	+10.7%
Income tax	50.2	28.5	46.3	+76.2%	+8.4%
Effective tax rate	23.8%	20.4%	24.3%
Net income	160	111	144	+44.2%	+11.4%
Net margin	22.9%	17.3%	22.3%
Diluted EPS	$2.28	$1.57	$1.97	+45.2%	+15.7%

$ million except per share.

Fourth quarters are the year less the first three quarters. 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	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Operating cash flow	161	303	121	-46.7%	+33.7%
Capital expenditure	27.0	20.5	8.9	+31.6%	+203.6%
Free cash flow	134	282	112	-52.4%	+20.2%
Free cash flow margin	19.1%	43.8%	17.3%
Cash from investing	-75.3	-57.6	-98.5
Cash from financing	-72.6	-254	-87.8
Depreciation	11.2	10.9	10.4	+3.5%	+7.8%
Share-based compensation	4.9	9.5	6.3	-48.3%	-22.2%
Buybacks	70.9	164	62.0	-56.7%	+14.3%
Dividends paid	42.8	42.9	42.1	-0.4%	+1.5%
Dividend per share	$0.61	n/a	$0.58		+5.2%
Diluted shares, weighted	70m	71m	73m	-0.9%	-3.6%
Shares outstanding at period end	70m	70m	72m	-0.7%	-3.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2027	Q4 FY2026	Q1 FY2026	On the quarter	On the year
Shareholders' equity	2,100	2,052	2,173	+2.3%	-3.4%
Debt	85.0	40.0	20.0	+112.5%	+325.0%
Operating lease liabilities	26.7	28.9	39.5	-7.6%	-32.5%
Other liabilities	983	1,025	815	-4.0%	+20.7%
Total liabilities and equity	3,195	3,146	3,048	+1.6%	+4.8%
Fixed assets	231	220	205	+4.9%	+12.8%
Goodwill	828	828	827	0.0%	+0.1%
Cash and equivalents	25.4	12.1	36.2	+110.3%	-30.0%
Receivables	346	349	308	-0.9%	+12.4%
Other assets	1,765	1,736	1,672	+1.6%	+5.5%
Total assets	3,195	3,146	3,048	+1.6%	+4.8%

Questions

What was Jack Henry & Associates' revenue in Q1 FY2027?

Jack Henry & Associates (JKHY) reported revenue of $702 million for Q1 FY2027, the quarter ended 30 September 2026, up 8.8% on the same quarter a year earlier.

How much did Jack Henry & Associates earn in Q1 FY2027?

Net income for Q1 FY2027 was $160 million, up 11.4% on the year, and diluted earnings per share $2.28.

When did Jack Henry & Associates report Q1 FY2027 results?

Jack Henry & Associates filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	494	478	483	529	505	509	535	571	546	539	560	601	574	585	615	645	619	636	644	702
Cost of revenue	283	282	287	298	305	307	309	323	321	328	327	343	333	341	344	349	351	364	370	376
Gross profit	211	196	196	231	201	201	226	248	225	210	233	258	241	245	271	296	268	272	274	326
Gross margin	43%	41%	41%	44%	40%	40%	42%	43%	41%	39%	42%	43%	42%	42%	44%	46%	43%	43%	43%	46%
R&D	29.9	30.7	34.0	33.0	36.6	34.6	38.5	36.9	35.5	36.0	39.9	39.7	41.1	39.4	42.6	39.3	42.2	45.1	49.8	45.8
SG&A	55.5	53.6	58.1	57.2	56.8	58.2	63.1	78.8	70.3	62.2	67.1	66.6	76.9	66.3	73.2	72.8	67.0	72.2	87.2	72.6
Operating income	126	112	104	141	107	108	124	133	119	112	126	151	123	139	156	184	159	155	137	207
Operating margin	25%	23%	21%	27%	21%	21%	23%	23%	22%	21%	22%	25%	21%	24%	25%	29%	26%	24%	21%	30%
Interest expense	0.4	0.7	1.0	1.6	3.4	4.7	5.4	4.2	3.9	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	125	111	103	139	105	106	124	133	120	114	130	157	127	142	160	190	164	159	140	211
Tax rate	24%	24%	22%	24%	23%	23%	21%	24%	24%	24%	22%	24%	23%	22%	20%	24%	24%	22%	20%	24%
Net income	95.7	84.7	80.4	107	80.8	81.5	97.8	102	92.0	87.1	101	119	97.8	111	128	144	125	123	111	160
Net margin	19%	18%	17%	20%	16%	16%	18%	18%	17%	16%	18%	20%	17%	19%	21%	22%	20%	19%	17%	23%
Diluted EPS	$1.30	$1.16	$1.10	$1.46	$1.10	$1.12	$1.34	$1.39	$1.26	$1.19	$1.38	$1.63	$1.34	$1.52	$1.75	$1.97	$1.72	$1.71	$1.57	$2.28
Operating cash flow	90.8	104	203	137	53.9	16.3	175	157	81.5	97.6	232	117	89.6	108	327	121	153	186	303	161
Capital expenditure	13.1	6.0	6.3	7.7	9.6	9.9	11.9	7.6	16.8	9.9	23.8	12.8	16.7	11.7	12.2	8.9	21.2	16.5	20.5	27.0
Free cash flow	77.7	98.0	197	129	44.2	6.5	163	150	64.7	87.7	208	104	73.0	96.1	315	112	131	170	282	134
Buybacks	194	-0.0	0.0	0.0	0.0	25.0	0.0	20.0	0.0	0.0	8.1	0.0	17.1	18.0	-0.0	62.0	63.2	159	164	70.9
Dividends paid	33.7	35.7	35.7	35.7	35.7	37.9	37.9	37.9	37.9	40.1	40.1	40.1	40.1	42.3	42.2	42.1	41.8	43.5	42.9	42.8
Shares outstanding	73m	73m	73m	73m	73m	73m	73m	73m	73m	73m	73m	73m	73m	73m	73m	72m	72m	71m	70m	70m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.