# EDGAR Filing Document

**Accession Number:** 0000779152
**File Stem:** 0000779152-26-000007
**Filing Date:** 2026-2
**Character Count:** 94638
**Document Hash:** 1b12d8fb191eb1b107cce8b00ca26266
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000779152-26-000007.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0000779152-26-000007

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 22

**CONFORMED PERIOD OF REPORT**: 20260203

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JACK HENRY & ASSOCIATES INC
- **CENTRAL INDEX KEY:** 0000779152
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 431128385
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-14112
- **FILM NUMBER:** 26593387

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 807
- **STREET 2:** 663 HWY 60
- **CITY:** MONETT
- **STATE:** MO
- **ZIP:** 65708-0807
- **BUSINESS PHONE:** 4172356652

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 807
- **STREET 2:** 663 HWY 60
- **CITY:** MONETT
- **STATE:** MO
- **ZIP:** 65708-0807

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HENRY JACK & ASSOCIATES INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? jkhy-20260203

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the** 

**Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): February 3, 2026

**<u>JACK HENRY & ASSOCIATES, INC.</u>**

(Exact name of Registrant as specified in its Charter)

<u>Delaware</u> <u>0-14112</u> <u>43-1128385</u> <br> (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

**<u>663 Highway 60, P.O. Box 807, Monett, MO 65708</u>**

(Address of Principal Executive Offices) (Zip Code)

**<u>417-235-6652</u>**

(Registrant's telephone number, including area code)

**<u>N/A</u>**

(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a.-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4(c))

---

| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Ticker symbol(s)</u> | <u>Name of each exchange on which registered</u> |
| Common Stock, $0.01 par value | JKHY | Nasdaq Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02**

**Results of Operations and Financial Condition.**

On February 3, 2026, Jack Henry & Associates, Inc. issued a press release announcing fiscal 2026 second quarter results, the text of which is attached hereto as Exhibit 99.1.

**Item 9.01**

**Financial Statements and Exhibits.**

&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;99.1 &nbsp;&nbsp;&nbsp;&nbsp;<u>[Press release dated February 3, 2026](jkhy-20251231xex99pressrel.htm)</u>

104&nbsp;&nbsp;&nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document)

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | | JACK HENRY & ASSOCIATES, INC. |
| | | (Registrant) |
| Date: | February 3, 2026 | <u>/s/ Mimi L. Carsley</u> |
| | | Mimi L. Carsley |
| | | Chief Financial Officer and Treasurer |

---

## Exhibit 99.1

![tech-bluexbara.jpg](tech-bluexbara.jpg)

---

| | |
|:---|:---|
| ![picture2a.jpg](picture2a.jpg) | |
| ![picture2a.jpg](picture2a.jpg) | **Press Release** |
| ![picture2a.jpg](picture2a.jpg) | |
| ![picture2a.jpg](picture2a.jpg) | **Mimi L. Carsley \| Chief Financial Officer \| mcarsley@jackhenry.com** |

---

**FOR IMMEDIATE RELEASE**

**Jack Henry & Associates, Inc. Reports Second Quarter Fiscal 2026 Results**<br> ![tech-bluexbara.jpg](tech-bluexbara.jpg)

**<u>Second quarter summary</u>:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;GAAP revenue increased 7.9% and GAAP operating income increased 29.4% for the fiscal three months ended December 31, 2025, compared to the prior fiscal year quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP adjusted revenue increased 6.7% and non-GAAP adjusted operating income increased 24.3% for the fiscal three months ended December 31, 2025, compared to the prior fiscal year quarter.<sup>1</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• GAAP EPS was $1.72 per diluted share for the fiscal three months ended December 31, 2025, compared to $1.34 per diluted share in the prior fiscal year quarter representing growth of 28.6%.

**<u>Fiscal year-to-date summary</u>:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;GAAP revenue increased 7.6% and GAAP operating income increased 25.1% for the fiscal year-to-date period ended December 31, 2025, compared to the prior fiscal year-to-date period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;Non-GAAP adjusted revenue increased 7.7% and non-GAAP adjusted operating income increased 21.2% for the fiscal year-to-date period ended December 31, 2025, compared to the prior fiscal year-to-date period.<sup>1</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;GAAP EPS was $3.70 per diluted share for the fiscal year-to-date period ended December 31, 2025, compared to $2.97 per diluted share in the prior fiscal year-to-date period representing growth of 24.5%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents were $28.2 million at December 31, 2025, and $25.7 million at December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp;Debt outstanding related to credit facilities was $20 million at December 31, 2025, and $150 million at December 31, 2024.

**<u>Compared to the same period in the prior fiscal year:</u>**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Second Qtr Revenue** | **Second Qtr Revenue** | **Second Qtr Operating Income** | **Second Qtr Operating Income** | **FY'26 YTD Net Income** | **FY'26 YTD Net Income** |
| ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) |
| **GAAP** | **Non-GAAP**<sup>1</sup> | **GAAP** | **Non-GAAP**<sup>1</sup> | **GAAP** | **Non-GAAP**<sup>1</sup> |
| **increased** | **increased** | **increased** | **increased** | **increased** | **increased** |
| **7.9%** | **6.7%** | **29.4%** | **24.3%** | **23.8%** | **20.0%** |
| **7.9%** | **6.7%** | **29.4%** | **24.3%** | **23.8%** | **20.0%** |
| **FY'26 YTD Revenue** | **FY'26 YTD Revenue** | **FY'26 YTD Operating Income** | **FY'26 YTD Operating Income** | **FY'26 YTD EBITDA** | **FY'26 YTD EBITDA** |
| ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) | ![tech-bluexbara.jpg](tech-bluexbara.jpg) |
| **GAAP** | **Non-GAAP**<sup>1</sup> | **GAAP** | **Non-GAAP**<sup>1</sup> | **Non-GAAP**<sup>2</sup> | **Non-GAAP**<sup>2</sup> |
| **increased** | **increased** | **increased** | **increased** | **increased** | **increased** |
| **7.6%** | **7.7%** | **25.1%** | **21.2%** | **16.0%** | **16.0%** |
| **7.6%** | **7.7%** | **25.1%** | **21.2%** | **16.0%** | **16.0%** |

---

**<u>Full year fiscal 2026 guidance (Dollars in millions)</u>:**<sup>3</sup> 

---

| | | |
|:---|:---|:---|
| | **<u>Current</u>** | **<u>Current</u>** |
| **GAAP** | **Low** | **High** |
| Revenue | **$2508** | **$2525** |
| Operating margin<sup>4</sup> | **24.3%** | **24.5%** |
| EPS | **$6.61** | **$6.72** |
| **Non-GAAP**<sup>5</sup> |  |  |
| Adjusted revenue | **$2474** | **$2491** |
| Adjusted operating margin | **23.7%** | **23.9%** |

---

Monett, MO, February 3, 2026 - Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading financial technology provider, today announced results for fiscal second quarter ended December 31, 2025.

<sup>1</sup> See tables below on page 4 reconciling non-GAAP financial measures to GAAP.

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

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

<sup>4</sup>Operating margin is calculated by dividing operating income by revenue.

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

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>1</sub>

------

![tech-bluexbara.jpg](tech-bluexbara.jpg)****

---

| |
|:---|
| According to **Greg Adelson, President and CEO**, "We are pleased to report very strong financial results for the second quarter of our fiscal year. Our sales teams delivered outstanding results across all areas, including our core segment where we won 22 competitive core deals in the quarter while maintaining a robust pipeline fueled by a growing demand environment. Our new public cloud-native solutions – including the Jack Henry Platform™, Tap2Local™ and Rapid Transfers – are experiencing strong momentum and providing meaningful competitive advantages for our bank and credit union clients. We are extremely well-positioned in the market and remain laser-focused on our key differentiators of culture, service, innovation, strategy, and execution." |
| According to **Greg Adelson, President and CEO**, "We are pleased to report very strong financial results for the second quarter of our fiscal year. Our sales teams delivered outstanding results across all areas, including our core segment where we won 22 competitive core deals in the quarter while maintaining a robust pipeline fueled by a growing demand environment. Our new public cloud-native solutions – including the Jack Henry Platform™, Tap2Local™ and Rapid Transfers – are experiencing strong momentum and providing meaningful competitive advantages for our bank and credit union clients. We are extremely well-positioned in the market and remain laser-focused on our key differentiators of culture, service, innovation, strategy, and execution." |
| According to **Greg Adelson, President and CEO**, "We are pleased to report very strong financial results for the second quarter of our fiscal year. Our sales teams delivered outstanding results across all areas, including our core segment where we won 22 competitive core deals in the quarter while maintaining a robust pipeline fueled by a growing demand environment. Our new public cloud-native solutions – including the Jack Henry Platform™, Tap2Local™ and Rapid Transfers – are experiencing strong momentum and providing meaningful competitive advantages for our bank and credit union clients. We are extremely well-positioned in the market and remain laser-focused on our key differentiators of culture, service, innovation, strategy, and execution." |
| According to **Greg Adelson, President and CEO**, "We are pleased to report very strong financial results for the second quarter of our fiscal year. Our sales teams delivered outstanding results across all areas, including our core segment where we won 22 competitive core deals in the quarter while maintaining a robust pipeline fueled by a growing demand environment. Our new public cloud-native solutions – including the Jack Henry Platform™, Tap2Local™ and Rapid Transfers – are experiencing strong momentum and providing meaningful competitive advantages for our bank and credit union clients. We are extremely well-positioned in the market and remain laser-focused on our key differentiators of culture, service, innovation, strategy, and execution." |
| According to **Greg Adelson, President and CEO**, "We are pleased to report very strong financial results for the second quarter of our fiscal year. Our sales teams delivered outstanding results across all areas, including our core segment where we won 22 competitive core deals in the quarter while maintaining a robust pipeline fueled by a growing demand environment. Our new public cloud-native solutions – including the Jack Henry Platform™, Tap2Local™ and Rapid Transfers – are experiencing strong momentum and providing meaningful competitive advantages for our bank and credit union clients. We are extremely well-positioned in the market and remain laser-focused on our key differentiators of culture, service, innovation, strategy, and execution." |
| According to **Greg Adelson, President and CEO**, "We are pleased to report very strong financial results for the second quarter of our fiscal year. Our sales teams delivered outstanding results across all areas, including our core segment where we won 22 competitive core deals in the quarter while maintaining a robust pipeline fueled by a growing demand environment. Our new public cloud-native solutions – including the Jack Henry Platform™, Tap2Local™ and Rapid Transfers – are experiencing strong momentum and providing meaningful competitive advantages for our bank and credit union clients. We are extremely well-positioned in the market and remain laser-focused on our key differentiators of culture, service, innovation, strategy, and execution." |
| According to **Greg Adelson, President and CEO**, "We are pleased to report very strong financial results for the second quarter of our fiscal year. Our sales teams delivered outstanding results across all areas, including our core segment where we won 22 competitive core deals in the quarter while maintaining a robust pipeline fueled by a growing demand environment. Our new public cloud-native solutions – including the Jack Henry Platform™, Tap2Local™ and Rapid Transfers – are experiencing strong momentum and providing meaningful competitive advantages for our bank and credit union clients. We are extremely well-positioned in the market and remain laser-focused on our key differentiators of culture, service, innovation, strategy, and execution." |

---

**Operating Results**

Revenue, operating expenses, operating income, and net income for the fiscal three and six months ended December 31, 2025, compared to the fiscal three and six months ended December 31, 2024, were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Revenue** | | | | | | |
| (Unaudited, dollars in thousands) | **Three Months Ended<br>December 31,** | **Three Months Ended<br>December 31,** | % Change | **Six Months Ended<br>December 31,** | **Six Months Ended<br>December 31,** | % Change |
|  | **<u>2025</u>** | <u>2024</u> |  | **<u>2025</u>** | <u>2024</u> |  |
| **Revenue** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Services and Support | $**345809** | $323027 | **7.1%** | $**722659** | $679706 | **6.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;*Percentage of Total Revenue* | ***55.8*** *%*** | *56.3 %* |  | ***57.2*** *%*** | *57.9 %* |  |
| &nbsp;&nbsp;&nbsp;Processing | **273525** | 250821 | **9.1%** | **541412** | 495123 | **9.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;*Percentage of Total Revenue* | ***44.2*** *%*** | *43.7 %* |  | ***42.8*** *%*** | *42.1 %* |  |
| **REVENUE** | $**619334** | $573848 | **7.9%** | $**1264071** | $1174829 | **7.6%** |

---

• Services and support revenue increased for the fiscal three months ended December 31, 2025, primarily driven by growth in data processing and hosting revenue within private and public cloud revenue of 9.2% and higher deconversion revenue by $6,143. Processing revenue increased for the fiscal three months ended December 31, 2025, primarily driven by growth in digital and transaction revenue of 14.8%, card revenue of 6.1%, and faster payments products revenue, of 52.1%.

• Services and support revenue increased for the fiscal six months ended December 31, 2025, primarily driven by growth in data processing and hosting revenue within private and public cloud revenue of 8.6% and higher deconversion revenue by $11,072. Processing revenue increased for the fiscal six months ended December 31, 2025, primarily driven by growth in card revenue of 7.5%, digital and transaction revenue of 14.3%, and faster payments products revenue of 53.9%.

• For the fiscal three months ended December 31, 2025, core segment revenue increased 8.4%, payments segment revenue increased 8.0%, complementary segment revenue increased 9.6%, and corporate and other segment revenue decreased 9.8%. For the fiscal three months ended December 31, 2025, core segment non-GAAP adjusted revenue increased 7.4%, payments segment non-GAAP adjusted revenue increased 6.4%, complementary segment non-GAAP adjusted revenue increased 8.7%, and corporate and other non-GAAP adjusted segment revenue decreased 10.1%. Total non-GAAP adjusted revenue increased 6.7% 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 six months ended December 31, 2025, core segment revenue increased 4.2%, payments segment revenue increased 8.5%, complementary segment revenue increased 9.9%, and corporate and other segment revenue increased 9.3%. For the fiscal six months ended December 31, 2025, core segment non-GAAP adjusted revenue increased 6.8%, payments segment non-GAAP adjusted revenue increased 7.4%, complementary segment non-GAAP adjusted revenue increased 9.0%, and corporate and other non-GAAP adjusted segment revenue increased 9.0%. Total non-GAAP adjusted revenue increased 7.7% 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).

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>2</sub>

------

![tech-bluexbara.jpg](tech-bluexbara.jpg)****

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Operating Expenses and Operating Income** | **Operating Expenses and Operating Income** | **Operating Expenses and Operating Income** | | | | |
| (Unaudited, dollars in thousands) | **Three Months Ended<br>December 31,** | **Three Months Ended<br>December 31,** | % Change | **Six Months Ended<br>December 31,** | **Six Months Ended<br>December 31,** | % Change |
|  | **<u>2025</u>** | <u>2024</u> |  | **<u>2025</u>** | <u>2024</u> |  |
| Cost of Revenue | $**350989** | $332850 | **5.4%** | $**699554** | $676282 | **3.4%** |
| &nbsp;&nbsp;*Percentage of Total Revenue*<sup>6</sup> | **56.7%** | 58.0% |  | **55.3%** | 57.6% |  |
| Research and Development | **42228** | 41095 | **2.8%** | **81505** | 80780 | **0.9%** |
| &nbsp;&nbsp;*Percentage of Total Revenue*<sup>6</sup> | **6.8%** | 7.2% |  | **6.4%** | 6.9% |  |
| Selling, General, and Administrative | **66969** | 76901 | **(12.9)%** | **139799** | 143489 | **(2.6)%** |
| &nbsp;&nbsp;*Percentage of Total Revenue*<sup>6</sup> | **10.8%** | 13.4% |  | **11.1%** | 12.2% |  |
| **OPERATING EXPENSES** | **460186** | 450846 | **2.1%** | **920858** | 900551 | **2.3%** |
| **OPERATING INCOME** | $**159148** | $123002 | **29.4%** | $**343213** | $274278 | **25.1%** |
| &nbsp;&nbsp;*Operating Margin*<sup>6</sup> | **25.7%** | 21.4% |  | **27.2%** | 23.3% |  |

---

• Cost of revenue increased for the fiscal three months ended December 31, 2025, compared to the fiscal three months ended December 31, 2024, primarily due to higher direct costs generally consistent with increases in related lines of revenue and higher personnel costs tempered by lower than normal medical claims, quarter-over-quarter.

• Cost of revenue increased for the fiscal six months ended December 31, 2025, compared to the fiscal six months ended December 31, 2024, primarily due to higher direct costs generally consistent with increases in related lines of revenue, higher personnel costs tempered by lower than normal medical claims, and increased amortization of intangible assets, period over period.

• Research and development expense increased for the fiscal three and six months ended December 31, 2025, compared to the fiscal three and six months ended December 31, 2024.

• Selling, general, and administrative expense decreased for the fiscal three months ended December 31, 2025, compared to the fiscal three months ended December 31, 2024, primarily due to the decrease in travel and entertainment and meeting expenses related to the timing of our Connect conference and the higher gain on sale of assets, net, in the current fiscal year quarter of $3,032 compared to the prior fiscal year quarter.

• Selling, general, and administrative expense decreased for the fiscal six months ended December 31, 2025, compared to the fiscal six months ended December 31, 2024, primarily due to higher personnel costs partially related to a limited increase in employee headcount in the trailing twelve months and higher professional service costs that were more than offset by lower than normal medical claims and the higher gain on sale of assets, net, in the current fiscal year period of $6,829 compared to the prior fiscal year period.

**Net Income**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Unaudited, in thousands, <br>except per share data) | **Three Months Ended<br>December 31,** | **Three Months Ended<br>December 31,** | % Change | **Six Months Ended<br>December 31,** | **Six Months Ended<br>December 31,** | % Change |
|  | **<u>2025</u>** | <u>2024</u> |  | **<u>2025</u>** | <u>2024</u> |  |
| Income Before Income Taxes | $**164193** | $127381 | **28.9%** | $**354511** | $284179 | **24.7%** |
| Provision for Income Taxes | **39525** | 29536 | **33.8%** | **85856** | 67143 | **27.9%** |
| **NET INCOME** | $**124668** | $97845 | **27.4%** | $**268655** | $217036 | **23.8%** |
| Diluted earnings per share | $**1.72** | $1.34 | **28.6%** | $**3.70** | $2.97 | **24.5%** |

---

• Effective tax rates for the fiscal three and six months ended December 31, 2025, and 2024, were 24.1% and 24.2% and 23.2% and 23.6%, respectively.

---

| |
|:---|
| According to **Mimi Carsley, CFO and Treasurer**, "Our second quarter results included continuing robust growth in key areas of our revenue that include solid growth in cloud revenue, demand momentum from our faster payments products, card and digital. Overall, revenue grew 8% on a GAAP basis and 7% on a non-GAAP basis. Revenue growth contributed to non-GAAP operating income growth of over 24%, benefitting from our disciplined approach to costs and lower than normal medical claims experience on our self-insured healthcare plan." |
| According to **Mimi Carsley, CFO and Treasurer**, "Our second quarter results included continuing robust growth in key areas of our revenue that include solid growth in cloud revenue, demand momentum from our faster payments products, card and digital. Overall, revenue grew 8% on a GAAP basis and 7% on a non-GAAP basis. Revenue growth contributed to non-GAAP operating income growth of over 24%, benefitting from our disciplined approach to costs and lower than normal medical claims experience on our self-insured healthcare plan." |
| According to **Mimi Carsley, CFO and Treasurer**, "Our second quarter results included continuing robust growth in key areas of our revenue that include solid growth in cloud revenue, demand momentum from our faster payments products, card and digital. Overall, revenue grew 8% on a GAAP basis and 7% on a non-GAAP basis. Revenue growth contributed to non-GAAP operating income growth of over 24%, benefitting from our disciplined approach to costs and lower than normal medical claims experience on our self-insured healthcare plan." |
| According to **Mimi Carsley, CFO and Treasurer**, "Our second quarter results included continuing robust growth in key areas of our revenue that include solid growth in cloud revenue, demand momentum from our faster payments products, card and digital. Overall, revenue grew 8% on a GAAP basis and 7% on a non-GAAP basis. Revenue growth contributed to non-GAAP operating income growth of over 24%, benefitting from our disciplined approach to costs and lower than normal medical claims experience on our self-insured healthcare plan." |
| According to **Mimi Carsley, CFO and Treasurer**, "Our second quarter results included continuing robust growth in key areas of our revenue that include solid growth in cloud revenue, demand momentum from our faster payments products, card and digital. Overall, revenue grew 8% on a GAAP basis and 7% on a non-GAAP basis. Revenue growth contributed to non-GAAP operating income growth of over 24%, benefitting from our disciplined approach to costs and lower than normal medical claims experience on our self-insured healthcare plan." |
| According to **Mimi Carsley, CFO and Treasurer**, "Our second quarter results included continuing robust growth in key areas of our revenue that include solid growth in cloud revenue, demand momentum from our faster payments products, card and digital. Overall, revenue grew 8% on a GAAP basis and 7% on a non-GAAP basis. Revenue growth contributed to non-GAAP operating income growth of over 24%, benefitting from our disciplined approach to costs and lower than normal medical claims experience on our self-insured healthcare plan." |
| According to **Mimi Carsley, CFO and Treasurer**, "Our second quarter results included continuing robust growth in key areas of our revenue that include solid growth in cloud revenue, demand momentum from our faster payments products, card and digital. Overall, revenue grew 8% on a GAAP basis and 7% on a non-GAAP basis. Revenue growth contributed to non-GAAP operating income growth of over 24%, benefitting from our disciplined approach to costs and lower than normal medical claims experience on our self-insured healthcare plan." |

---

<sup>6</sup>Operating 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.

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>3</sub>

------

![tech-bluexbara.jpg](tech-bluexbara.jpg)****

**Impact of Non-GAAP Adjustments**

The tables below show our revenue, operating income, and net income for the fiscal three and six months ended December 31, 2025, compared to the fiscal three and six months ended December 31, 2024, excluding the impacts of deconversions in the fiscal quarters and fiscal year-to-date periods ended December 31, 2025, and December 31, 2024, the gain on sale of assets, net, in the current fiscal quarter and fiscal year-to-date period, the impact of a contract change in the prior fiscal quarter and fiscal year-to-date period, and the acquisition in the current fiscal quarter and fiscal year-to-date period.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| (Unaudited, dollars in thousands) | **Three Months Ended December 31,** | **Three Months Ended December 31,** | % Change | **Six Months Ended December 31,** | **Six Months Ended December 31,** | % Change |
|  | **<u>2025</u>** | <u>2024</u> |  | **<u>2025</u>** | <u>2024</u> |  |
| **GAAP Revenue\*** | $**619334** | $**573848** | **7.9%** | $**1264071** | $**1174829** | **7.6%** |
| **Adjustments:** |  |  |  |  |  |  |
| Deconversion revenue | (6212) | (69) |  | (14838) | (3766) |  |
| Revenue related to a contract change |  | (1223) |  |  | (13471) |  |
| Revenue from the acquisition | (1945) |  |  | (1945) |  |  |
| **NON-GAAP ADJUSTED REVENUE\*** | $**611177** | $**572556** | **6.7%** | $**1247288** | $**1157592** | **7.7%** |
| **GAAP Operating Income** | $**159148** | $**123002** | **29.4%** | $**343213** | $**274278** | **25.1%** |
| **Adjustments:** |  |  |  |  |  |  |
| Operating (income) loss from deconversions | (3600) | 622 |  | (10701) | (2873) |  |
| Operating income related to a contract change |  | (164) |  |  | (1970) |  |
| Gain on sale of assets, net | (3032) |  |  | (6829) |  |  |
| Operating (income) loss from the acquisition | 984 |  |  | 984 |  |  |
| **NON-GAAP ADJUSTED OPERATING INCOME** | $**153500** | $**123460** | **24.3%** | $**326667** | $**269435** | **21.2%** |
| &nbsp;&nbsp;*Non-GAAP Adjusted Operating Margin\*\** | **25.1%** | 21.6% |  | **26.2%** | 23.3% |  |
| **GAAP Net Income** | $**124668** | $**97845** | **27.4%** | $**268655** | $**217036** | **23.8%** |
| **Adjustments:** |  |  |  |  |  |  |
| Net (income) loss from deconversions | (3600) | 622 |  | (10701) | (2873) |  |
| Net income related to a contract change |  | (164) |  |  | (1970) |  |
| Gain on sale of assets, net | (3032) |  |  | (6829) |  |  |
| Net loss from the acquisition | 984 |  |  | 984 |  |  |
| Tax impact of adjustments\*\*\* | 1356 | (110) |  | 3971 | 1162 |  |
| **NON-GAAP ADJUSTED NET INCOME** | $**120376** | $**98193** | **22.6%** | $**256080** | $**213355** | **20.0%** |

---

\*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 December 31, 2025, and 2024 which was $6,212 for the current fiscal year quarter and $69 for the prior fiscal year quarter, and reducing the three months ended December 31, 2024, amount also for revenue related to a contractual change of $1,223, results in non-GAAP adjusted services and support revenue growth of 5.6% quarter over quarter. Processing revenue less revenue from the acquisition for the three months ended December 31, 2025, of $1,945, results in non-GAAP adjusted processing revenue growth of 8.3% quarter over quarter.

Services and support revenue less deconversion revenue for the six months ended December 31, 2025, and 2024 which was $14,838 for the current fiscal year period and $3,766 for the prior fiscal year period, and reducing the six months ended December 31, 2024, amount also for revenue related to a contractual change of $13,471, results in non-GAAP adjusted services and support revenue growth of 6.8% period over period. Processing revenue less revenue from the acquisition for the three months ended December 31, 2025, of $1,945, results in non-GAAP adjusted processing revenue growth of 9.0% 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 six months ended December 31, 2025, and 2024. 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.

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>4</sub>

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![tech-bluexbara.jpg](tech-bluexbara.jpg)****

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 December 31, 2025** | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** | **Three Months Ended December 31, 2025** |
| (Unaudited, dollars in thousands) | **Core** | **Payments** | **Complementary** | **Corporate and Other** | **Total** |
| **GAAP REVENUE** | $186100 | $231975 | $181708 | $19551 | $619334 |
| Non-GAAP adjustments\* | (3050) | (3342) | (1702) | (63) | (8157) |
| **NON-GAAP ADJUSTED REVENUE** | 183050 | 228633 | 180006 | 19488 | 611177 |
| **GAAP COST OF REVENUE** | 74930 | 120044 | 69265 | 86750 | 350989 |
| Non-GAAP adjustments\* | (703) | (2547) | (288) | (94) | (3632) |
| **NON-GAAP ADJUSTED COST OF REVENUE** | 74227 | 117497 | 68977 | 86656 | 347357 |
| **GAAP SEGMENT INCOME** | $111170 | $111931 | $112443 | $(67199) |  |
| &nbsp;&nbsp;&nbsp;*Segment Income Margin\*\** | 59.7% | 48.3% | 61.9% | (343.7)% |  |
| **NON-GAAP ADJUSTED SEGMENT INCOME** | $108823 | $111136 | $111029 | $(67168) |  |
| &nbsp;&nbsp;*Non-GAAP Adjusted Segment Income Margin\*\** | 59.4% | 48.6% | 61.7% | (344.7)% |  |
| Research and Development |  |  |  |  | 42228 |
| Selling, General, and Administrative |  |  |  |  | 66969 |
| Non-GAAP adjustments unassigned to a segment\*\*\* | Non-GAAP adjustments unassigned to a segment\*\*\* |  |  |  | 1123 |
| **NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES** | **NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES** |  |  |  | 457677 |
| **NON-GAAP ADJUSTED OPERATING INCOME** | **NON-GAAP ADJUSTED OPERATING INCOME** |  |  |  | $153500 |

---

\*Revenue non-GAAP adjustments for the Payments segment were ($1,945) of acquisition revenue and ($1,397) 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 ($2,409) of acquisition costs and ($138) of deconversion costs. Cost of revenue non-GAAP adjustment for the Corporate and Other segment was acquisition 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 a gain on sale of assets of $3,032 less deconversion costs of $1,484, research and development costs related to the acquisition of $371, and selling, general, and administrative costs related to the acquisition of $54.

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>5</sub>

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![tech-bluexbara.jpg](tech-bluexbara.jpg)****

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended December 31, 2024** | **Three Months Ended December 31, 2024** | **Three Months Ended December 31, 2024** | **Three Months Ended December 31, 2024** | **Three Months Ended December 31, 2024** |
| (Unaudited, dollars in thousands) | **Core** | **Payments** | **Complementary** | **Corporate and Other** | **Total** |
| **GAAP REVENUE** | $171607 | $214836 | $165732 | $21673 | $573848 |
| Non-GAAP adjustments\* | (1203) | (34) | (60) | 5 | (1292) |
| **NON-GAAP ADJUSTED REVENUE** | 170404 | 214802 | 165672 | 21678 | 572556 |
| **GAAP COST OF REVENUE** | 70324 | 114738 | 64542 | 83246 | 332850 |
| Non-GAAP adjustments\* | (1147) | (53) | (99) |  | (1299) |
| **NON-GAAP ADJUSTED COST OF REVENUE** | 69177 | 114685 | 64443 | 83246 | 331551 |
| **GAAP SEGMENT INCOME** | $101283 | $100098 | $101190 | $(61573) |  |
| &nbsp;&nbsp;*Segment Income Margin\*\** | 59.0% | 46.6% | 61.1% | (284.1)% |  |
| **NON-GAAP ADJUSTED SEGMENT INCOME** | $101227 | $100117 | $101229 | $(61568) |  |
| &nbsp;&nbsp;&nbsp;*Non-GAAP Adjusted Segment Income Margin* | 59.4% | 46.6% | 61.1% | (284.0)% |  |
| Research and Development |  |  |  |  | 41095 |
| Selling, General, and Administrative |  |  |  |  | 76901 |
| Non-GAAP adjustments unassigned to a segment\*\*\* | Non-GAAP adjustments unassigned to a segment\*\*\* |  |  |  | (451) |
| **NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES** | **NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES** |  |  |  | 449096 |
| **NON-GAAP ADJUSTED OPERATING INCOME** | **NON-GAAP ADJUSTED OPERATING INCOME** |  |  |  | $123460 |

---

\*Revenue non-GAAP adjustments for the Core segment were ($1,223) of revenue related to the contractual change and $20 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 ($1,059) and ($88) 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.

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>6</sub>

------

![tech-bluexbara.jpg](tech-bluexbara.jpg)****

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Six Months Ended December 31, 2025** | **Six Months Ended December 31, 2025** | **Six Months Ended December 31, 2025** | **Six Months Ended December 31, 2025** | **Six Months Ended December 31, 2025** |
| (Unaudited, dollars in thousands) | **Core** | **Payments** | **Complementary** | **Corporate and Other** | **Total** |
| **GAAP REVENUE** | $381393 | $462868 | $375926 | $43884 | $1264071 |
| Non-GAAP adjustments\* | (6269) | (6825) | (3578) | (111) | (16783) |
| **NON-GAAP ADJUSTED REVENUE** | 375124 | 456043 | 372348 | 43773 | 1247288 |
| **GAAP COST OF REVENUE** | 148067 | 238703 | 141526 | 171258 | 699554 |
| Non-GAAP adjustments\* | (1146) | (2698) | (596) | (95) | (4535) |
| **NON-GAAP ADJUSTED COST OF REVENUE** | 146921 | 236005 | 140930 | 171163 | 695019 |
| **GAAP SEGMENT INCOME** | $233326 | $224165 | $234400 | $(127374) |  |
| &nbsp;&nbsp;*Segment Income Margin\*\** | 61.2% | 48.4% | 62.4% | (290.3)% |  |
| **NON-GAAP ADJUSTED SEGMENT INCOME** | $228203 | $220038 | $231418 | $(127390) |  |
| &nbsp;&nbsp;&nbsp;*Non-GAAP Adjusted Segment Income Margin* | 60.8% | 48.2% | 62.2% | (291.0)% |  |
| Research and Development |  |  |  |  | 81505 |
| Selling, General, and Administrative |  |  |  |  | 139799 |
| Non-GAAP adjustments unassigned to a segment\*\*\* | Non-GAAP adjustments unassigned to a segment\*\*\* |  |  |  | 4298 |
| **NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES** | **NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES** |  |  |  | 920621 |
| **NON-GAAP ADJUSTED OPERATING INCOME** | **NON-GAAP ADJUSTED OPERATING INCOME** |  |  |  | $326667 |

---

\*Revenue non-GAAP adjustments for the Payments segment were ($1,945) of acquisition revenue and ($4,880) 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 ($2,409) of acquisition costs and ($289) of deconversion costs. Cost of revenue non-GAAP adjustments for the Corporate and Other segment were ($94) of acquisition costs and ($1) 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 a gain on sale of assets of $6,829 less deconversion costs of $2,106, research and development costs related to the acquisition of $371, and selling, general, and administrative costs related to the acquisition of $54.

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>7</sub>

------

![tech-bluexbara.jpg](tech-bluexbara.jpg)****

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Six Months Ended December 31, 2024** | **Six Months Ended December 31, 2024** | **Six Months Ended December 31, 2024** | **Six Months Ended December 31, 2024** | **Six Months Ended December 31, 2024** |
| (Unaudited, dollars in thousands) | **Core** | **Payments** | **Complementary** | **Corporate and Other** | **Total** |
| **GAAP REVENUE** | $365896 | $426758 | $342012 | $40163 | $1174829 |
| Non-GAAP adjustments\* | (14738) | (1948) | (533) | (18) | (17237) |
| **NON-GAAP ADJUSTED REVENUE** | 351158 | 424810 | 341479 | 40145 | 1157592 |
| **GAAP COST OF REVENUE** | 151271 | 227757 | 131686 | 165568 | 676282 |
| Non-GAAP adjustments\* | (11626) | (71) | (159) |  | (11856) |
| **NON-GAAP ADJUSTED COST OF REVENUE** | 139645 | 227686 | 131527 | 165568 | 664426 |
| **GAAP SEGMENT INCOME** | $214625 | $199001 | $210326 | $(125405) |  |
| &nbsp;&nbsp;*Segment Income Margin\*\** | 58.7% | 46.6% | 61.5% | (312.2)% |  |
| **NON-GAAP ADJUSTED SEGMENT INCOME** | $211513 | $197124 | $209952 | $(125423) |  |
| &nbsp;&nbsp;&nbsp;*Non-GAAP Adjusted Segment Income Margin* | 60.2% | 46.4% | 61.5% | (312.4)% |  |
| Research and Development |  |  |  |  | 80780 |
| Selling, General, and Administrative |  |  |  |  | 143489 |
| Non-GAAP adjustments unassigned to a segment\*\*\* | Non-GAAP adjustments unassigned to a segment\*\*\* |  |  |  | (538) |
| **NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES** | **NON-GAAP TOTAL ADJUSTED OPERATING EXPENSES** |  |  |  | 888157 |
| **NON-GAAP ADJUSTED OPERATING INCOME** | **NON-GAAP ADJUSTED OPERATING INCOME** |  |  |  | $269435 |

---

\*Revenue non-GAAP adjustments for the Core segment were ($13,471) of revenue related to the contractual change and ($1,267) 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 ($11,501) and ($125) 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.

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>8</sub>

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![tech-bluexbara.jpg](tech-bluexbara.jpg)****

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 sale of assets, 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** | **Annual FY'26** | **Adjusted for FY26 Comparison** | **Reported** | **Contractual Change** |
| | **<u>Low</u>** | **<u>High</u>** | **<u>FY25</u>** | **<u>FY25</u>** | **<u>FY25</u>** |
| **GAAP REVENUE** | $**2508** | $**2525** | $**2375** | $**2375** | $**—** |
| *&nbsp;&nbsp;&nbsp;&nbsp; Growth* | **5.6%** | **6.3%** |  |  |  |
| Deconversions\* | **28** | **28** | **34** | **34** | **—** |
| Acquisition | **6** | **6** | **—** | **—** | **—** |
| Contractual change | **—** | **—** | **16** | **—** | **16** |
| **NON-GAAP ADJUSTED REVENUE\*\*** | $**2474** | $**2491** | $**2326** | $**2341** | $**(16)** |
| *&nbsp;&nbsp;&nbsp;&nbsp; Non-GAAP Adjusted Growth* | **6.4%** | **7.1%** |  |  |  |
| **GAAP OPERATING EXPENSES** | $**1900** | $**1906** | $**1807** | $**1807** | $**—** |
| *&nbsp;&nbsp;&nbsp;&nbsp; Growth* | **5.2%** | **5.5%** |  |  |  |
| Deconversion costs\* | **7** | **7** | **6** | **6** | **—** |
| Acquisition costs | **11** | **11** | **—** | **—** | **—** |
| Contractual change | **—** | **—** | **14** | **—** | **14** |
| Gain on sale of assets | **(7)** | **(7)** | **—** | **—** | **—** |
| **NON-GAAP ADJUSTED OPERATING EXPENSES\*\*** | $**1889** | $**1895** | $**1787** | $**1800** | $**(14)** |
| *&nbsp;&nbsp;&nbsp;&nbsp; Non-GAAP Adjusted Growth* | **5.7%** | **6.1%** |  |  |  |
| **GAAP OPERATING INCOME** | $**609** | $**619** | $**569** | $**569** | $**—** |
| *&nbsp;&nbsp;&nbsp;&nbsp; Growth* | **7.0%** | **8.8%** |  |  |  |
| **GAAP OPERATING MARGIN** | **24.3%** | **24.5%** | **23.9%** | **23.9%** |  |
| **NON-GAAP ADJUSTED OPERATING INCOME\*\*** | $**586** | $**596** | $**539** | $**541** | $**(2)** |
| *&nbsp;&nbsp;&nbsp;&nbsp; Non-GAAP Adjusted Growth* | **8.7%** | **10.6%** |  |  |  |
| **NON-GAAP ADJUSTED OPERATING MARGIN** | **23.7%** | **23.9%** | **23.2%** | **23.1%** |  |
| **GAAP EPS** | $**6.61** | $**6.72** | $**6.24** | $**6.24** | $**—** |
| *&nbsp;&nbsp;&nbsp;&nbsp; Growth* | **6.0%** | **7.7%** |  |  |  |

---

\*Deconversion revenue and related operating expenses are based on actual results for fiscal six months ended December 31, 2025, 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 January 27, 2026.

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

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>9</sub>

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![tech-bluexbara.jpg](tech-bluexbara.jpg)****

**Balance Sheet and Cash Flow Review**

![chart-f29524170cef4ff7983a.jpg](chart-f29524170cef4ff7983a.jpg)&nbsp;&nbsp;&nbsp;&nbsp;![chart-2cbfad6cd8c04d07976a.jpg](chart-2cbfad6cd8c04d07976a.jpg)![chart-806eeb1ab60c4fa39bca.jpg](chart-806eeb1ab60c4fa39bca.jpg)&nbsp;&nbsp;&nbsp;&nbsp;![chart-8e3fd1b0378c4c5da9da.jpg](chart-8e3fd1b0378c4c5da9da.jpg)&nbsp;&nbsp;&nbsp;&nbsp;

• Cash and cash equivalents were $28 million at December 31, 2025, compared to $26 million at December 31, 2024.

• Trade receivables were $298 million at December 31, 2025, compared to $283 million at December 31, 2024.

• The Company had $20 million of borrowings at December 31, 2025, compared to $150 million of borrowings at December 31, 2024.

• Deferred revenue was $271 million at December 31, 2025, compared to $269 million at December 31, 2024.

• Stockholders' equity increased to $2,203 million at December 31, 2025, compared to $1,976 million at December 31, 2024.

\*See table below for Net Cash Provided by Operating Activities and on page 14 for Return on Average Shareholders' 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) | **Six Months Ended December 31,** | **Six Months Ended December 31,** |
|  | **<u>2025</u>** | <u>2024</u> |
| Net income | $**268655** | $217036 |
| Depreciation | **20743** | 22731 |
| Amortization | **84304** | 79517 |
| Change in deferred income taxes | **69734** | (8745) |
| Other non-cash expenses | **9416** | 15535 |
| Change in receivables | **21385** | 49811 |
| Change in deferred revenue | **(92379)** | (119463) |
| Change in other assets and liabilities\* | **(108603)** | (49879) |
| &nbsp;&nbsp;&nbsp;**NET CASH FROM OPERATING ACTIVITIES** | $**273255** | $206543 |

---

\*For the fiscal six months ended December 31, 2025, the change in other assets and liabilities includes the change in prepaid expenses, deferred costs and other of $(56,056), accrued expenses of $(34,863), income taxes of $(9,345), and the change in accounts payable of $(8,339). For the fiscal six months ended December 31, 2024, the change in other assets and liabilities includes the change in prepaid expenses, deferred costs and other of $(34,384), the change in accrued expenses of $(19,450), the change in accounts payable of $(5,583) partially offset by the change in income taxes of $9,538.

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>10</sub>

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![tech-bluexbara.jpg](tech-bluexbara.jpg)****

The following table summarizes net cash from investing activities:

---

| | | |
|:---|:---|:---|
| (Unaudited, in thousands) | **Six Months Ended December 31,** | **Six Months Ended December 31,** |
|  | **<u>2025</u>** | <u>2024</u> |
| Payment for acquisitions | $**(42391)** | $— |
| Capital expenditures | **(30096)** | (29469) |
| Proceeds from sale of assets | **24572** |  |
| Purchased software | **(2908)** | (3528) |
| Computer software developed | **(92484)** | (85803) |
| Purchase of investments | **(13500)** | (2000) |
| Proceeds from investments | **1000** | 1000 |
| &nbsp;&nbsp;&nbsp;**NET CASH FROM INVESTING ACTIVITIES** | $**(155807)** | $(119800) |

---

The following table summarizes net cash from financing activities:

---

| | | |
|:---|:---|:---|
| (Unaudited, in thousands) | **Six Months Ended December 31,** | **Six Months Ended December 31,** |
|  | **<u>2025</u>** | <u>2024</u> |
| Borrowings on credit facilities | $**125000** | $165000 |
| Repayments on credit facilities | **(105000)** | (165000) |
| Purchase of treasury stock | **(125237)** | (17050) |
| Dividends paid | **(83979)** | (80193) |
| Net cash from issuance of stock and tax related to stock-based compensation | **(1969)** | (2131) |
| &nbsp;&nbsp;&nbsp;**NET CASH FROM FINANCING ACTIVITIES** | $**(191185)** | $(99374) |

---

**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 sale of 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 expense, taxes, depreciation, and amortization, adjusted for net income before the effect of interest expense, taxes, depreciation, and amortization attributable to eliminated one-time deconversions, the gain on sale of 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.

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>11</sub>

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![tech-bluexbara.jpg](tech-bluexbara.jpg)****

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.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**About Jack Henry & Associates, Inc.**<sup>®</sup> | ![icon-calendara.jpg](icon-calendara.jpg) | &nbsp;&nbsp;&nbsp;**Quarterly Conference Call** |
| &nbsp;&nbsp;Jack Henry<sup>TM</sup> (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 nearly 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 <u>www.jackhenry.com</u>. | ![icon-calendara.jpg](icon-calendara.jpg) | &nbsp;&nbsp;&nbsp;The Company will hold a conference call on February 4, 2026, at 7:45 a.m. Central Time, and investors are invited to listen at <u>www.jackhenry.com</u>. A webcast replay will be available approximately one hour after the event at <u>ir.jackhenry.com/corporate-events-and-presentations</u> and will remain available for one year. |
| &nbsp;&nbsp;Jack Henry<sup>TM</sup> (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 nearly 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 <u>www.jackhenry.com</u>. | ![icon-calendara.jpg](icon-calendara.jpg) | &nbsp;&nbsp;&nbsp;The Company will hold a conference call on February 4, 2026, at 7:45 a.m. Central Time, and investors are invited to listen at <u>www.jackhenry.com</u>. A webcast replay will be available approximately one hour after the event at <u>ir.jackhenry.com/corporate-events-and-presentations</u> and will remain available for one year. |
| &nbsp;&nbsp;Jack Henry<sup>TM</sup> (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 nearly 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 <u>www.jackhenry.com</u>. | ![icon-calendara.jpg](icon-calendara.jpg) | &nbsp;&nbsp;&nbsp;The Company will hold a conference call on February 4, 2026, at 7:45 a.m. Central Time, and investors are invited to listen at <u>www.jackhenry.com</u>. A webcast replay will be available approximately one hour after the event at <u>ir.jackhenry.com/corporate-events-and-presentations</u> and will remain available for one year. |
| &nbsp;&nbsp;Jack Henry<sup>TM</sup> (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 nearly 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 <u>www.jackhenry.com</u>. | ![icon-calendara.jpg](icon-calendara.jpg) | &nbsp;&nbsp;&nbsp;The Company will hold a conference call on February 4, 2026, at 7:45 a.m. Central Time, and investors are invited to listen at <u>www.jackhenry.com</u>. A webcast replay will be available approximately one hour after the event at <u>ir.jackhenry.com/corporate-events-and-presentations</u> and will remain available for one year. |
| &nbsp;&nbsp;Jack Henry<sup>TM</sup> (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 nearly 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 <u>www.jackhenry.com</u>. |  |  |
| &nbsp;&nbsp;Jack Henry<sup>TM</sup> (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 nearly 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 <u>www.jackhenry.com</u>. |  |  |
| &nbsp;&nbsp;Jack Henry<sup>TM</sup> (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 nearly 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 <u>www.jackhenry.com</u>. |  |  |
| &nbsp;&nbsp;Jack Henry<sup>TM</sup> (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 nearly 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 <u>www.jackhenry.com</u>. |  |  |
| &nbsp;&nbsp;Jack Henry<sup>TM</sup> (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 nearly 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 <u>www.jackhenry.com</u>. |  |  |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;**MEDIA CONTACT** |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;**Jeremy Elwood** |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Corporate Communications |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Jack Henry & Associates, Inc. |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;417-235-6652 |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;JDElwood@jackhenry.com |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) |  |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;**ANALYST CONTACT** |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;**Vance Sherard, CFA** |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Investor Relations |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;Jack Henry & Associates, Inc. |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;417-235-6652 |
| &nbsp;&nbsp;*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.* | ![icon-contacta.jpg](icon-contacta.jpg) | &nbsp;&nbsp;&nbsp;&nbsp;VSherard@jackhenry.com |

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![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>12</sub>

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Condensed Consolidated Statements of Income (Unaudited)** | **Condensed Consolidated Statements of Income (Unaudited)** | **Condensed Consolidated Statements of Income (Unaudited)** | **Condensed Consolidated Statements of Income (Unaudited)** | **Condensed Consolidated Statements of Income (Unaudited)** | **Condensed Consolidated Statements of Income (Unaudited)** | **Condensed Consolidated Statements of Income (Unaudited)** |
| (Dollars in thousands, except per share data) | **Three Months Ended December 31,** | **Three Months Ended December 31,** | % Change | **Six Months Ended December 31,** | **Six Months Ended December 31,** | % Change |
|  | **<u>2025</u>** | <u>2024</u> |  | **<u>2025</u>** | <u>2024</u> |  |
| **REVENUE** | $**619334** | $573848 | **7.9%** | $**1264071** | $1174829 | **7.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Cost of Revenue | **350989** | 332850 | **5.4%** | **699554** | 676282 | **3.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Research and Development | **42228** | 41095 | **2.8%** | **81505** | 80780 | **0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Selling, General, and Administrative | **66969** | 76901 | **(12.9)%** | **139799** | 143489 | **(2.6)%** |
| **EXPENSES** | **460186** | 450846 | **2.1%** | **920858** | 900551 | **2.3%** |
| **OPERATING INCOME** | **159148** | 123002 | **29.4%** | **343213** | 274278 | **25.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest income | **6187** | 7159 | **(13.6)%** | **13326** | 15506 | **(14.1)%** |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | **(1142)** | (2780) | **(58.9)%** | **(2028)** | (5605) | **(63.8)%** |
| **Interest Income, net** | **5045** | 4379 | **15.2%** | **11298** | 9901 | **14.1%** |
| **INCOME BEFORE INCOME TAXES** | **164193** | 127381 | **28.9%** | **354511** | 284179 | **24.7%** |
| **Provision for Income Taxes** | **39525** | 29536 | **33.8%** | **85856** | 67143 | **27.9%** |
| **NET INCOME** | $**124668** | $97845 | **27.4%** | $**268655** | $217036 | **23.8%** |
| Diluted net income per share | $**1.72** | $1.34 |  | $**3.70** | $2.97 |  |
| Diluted weighted average shares outstanding | **72413** | 73082 |  | **72661** | 73080 |  |
| **Consolidated Balance Sheet Highlights (Unaudited)** | **Consolidated Balance Sheet Highlights (Unaudited)** | **Consolidated Balance Sheet Highlights (Unaudited)** | **Consolidated Balance Sheet Highlights (Unaudited)** | **Consolidated Balance Sheet Highlights (Unaudited)** | **Consolidated Balance Sheet Highlights (Unaudited)** | **Consolidated Balance Sheet Highlights (Unaudited)** |
| (In thousands) |  |  |  | **December 31,** | **December 31,** | % Change |
|  |  |  |  | **<u>2025</u>** | <u>2024</u> |  |
| Cash and cash equivalents |  |  |  | $**28216** | $25653 | **10.0%** |
| Receivables |  |  |  | **298458** | 283223 | **5.4%** |
| Total assets |  |  |  | **3060044** | 2911770 | **5.1%** |
| Accounts payable and accrued expenses | Accounts payable and accrued expenses |  |  | $**191905** | $209926 | **(8.6)%** |
| Current and long-term debt |  |  |  | **20000** | 150000 | **(86.7)%** |
| Deferred revenue |  |  |  | **270994** | 269469 | **0.6%** |
| Stockholders' equity |  |  |  | **2203058** | 1975565 | **11.5%** |

---

![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg)<sub>13</sub>

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![tech-bluexbara.jpg](tech-bluexbara.jpg)****

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Calculation of Non-GAAP Earnings Before Income Taxes, Depreciation and Amortization (Non-GAAP EBITDA)** | **Calculation of Non-GAAP Earnings Before Income Taxes, Depreciation and Amortization (Non-GAAP EBITDA)** | **Calculation of Non-GAAP Earnings Before Income Taxes, Depreciation and Amortization (Non-GAAP EBITDA)** | **Calculation of Non-GAAP Earnings Before Income Taxes, Depreciation and Amortization (Non-GAAP EBITDA)** | **Calculation of Non-GAAP Earnings Before Income Taxes, Depreciation and Amortization (Non-GAAP EBITDA)** | **Calculation of Non-GAAP Earnings Before Income Taxes, Depreciation and Amortization (Non-GAAP EBITDA)** | **Calculation of Non-GAAP Earnings Before Income Taxes, Depreciation and Amortization (Non-GAAP EBITDA)** |
|  | **Three Months Ended December 31,** | **Three Months Ended December 31,** | % Change | **Six Months Ended December 31,** | **Six Months Ended December 31,** | % Change |
| (Dollars in thousands) | **<u>2025</u>** | <u>2024</u> |  | **<u>2025</u>** | <u>2024</u> |  |
| Net income | $**124668** | $97845 |  | $**268655** | $217036 |  |
| Net interest | **(5045)** | (4379) |  | **(11298)** | (9901) |  |
| Taxes | **39525** | 29536 |  | **85856** | 67143 |  |
| Depreciation and amortization | **53155** | 51754 |  | **105047** | 102248 |  |
| Less: Net income before interest expense, taxes, depreciation and amortization attributable to eliminated one-time adjustments\* | **(6118)** | 458 |  | **(17015)** | (4842) |  |
| **NON-GAAP EBITDA** | $**206185** | $175214 | **17.7%** | $**431245** | $371684 | **16.0%** |
| \*The fiscal second quarter 2026 and 2025 adjustments for net income before interest expense, taxes, depreciation and amortization were for deconversions of ($3600), a gain on sale of assets, net, of ($3032), and an acquisition of $514, and were for deconversions of $622 and a contract change of ($164), respectively. The fiscal year-to-date 2026 and 2025 adjustments were for deconversions of ($10701), a gain on sale of assets, net, of ($6828), and an acquisition of $514, and were for deconversions of ($2873) and a contractual change of ($1969), respectively. | \*The fiscal second quarter 2026 and 2025 adjustments for net income before interest expense, taxes, depreciation and amortization were for deconversions of ($3600), a gain on sale of assets, net, of ($3032), and an acquisition of $514, and were for deconversions of $622 and a contract change of ($164), respectively. The fiscal year-to-date 2026 and 2025 adjustments were for deconversions of ($10701), a gain on sale of assets, net, of ($6828), and an acquisition of $514, and were for deconversions of ($2873) and a contractual change of ($1969), respectively. | \*The fiscal second quarter 2026 and 2025 adjustments for net income before interest expense, taxes, depreciation and amortization were for deconversions of ($3600), a gain on sale of assets, net, of ($3032), and an acquisition of $514, and were for deconversions of $622 and a contract change of ($164), respectively. The fiscal year-to-date 2026 and 2025 adjustments were for deconversions of ($10701), a gain on sale of assets, net, of ($6828), and an acquisition of $514, and were for deconversions of ($2873) and a contractual change of ($1969), respectively. | \*The fiscal second quarter 2026 and 2025 adjustments for net income before interest expense, taxes, depreciation and amortization were for deconversions of ($3600), a gain on sale of assets, net, of ($3032), and an acquisition of $514, and were for deconversions of $622 and a contract change of ($164), respectively. The fiscal year-to-date 2026 and 2025 adjustments were for deconversions of ($10701), a gain on sale of assets, net, of ($6828), and an acquisition of $514, and were for deconversions of ($2873) and a contractual change of ($1969), respectively. | \*The fiscal second quarter 2026 and 2025 adjustments for net income before interest expense, taxes, depreciation and amortization were for deconversions of ($3600), a gain on sale of assets, net, of ($3032), and an acquisition of $514, and were for deconversions of $622 and a contract change of ($164), respectively. The fiscal year-to-date 2026 and 2025 adjustments were for deconversions of ($10701), a gain on sale of assets, net, of ($6828), and an acquisition of $514, and were for deconversions of ($2873) and a contractual change of ($1969), respectively. | \*The fiscal second quarter 2026 and 2025 adjustments for net income before interest expense, taxes, depreciation and amortization were for deconversions of ($3600), a gain on sale of assets, net, of ($3032), and an acquisition of $514, and were for deconversions of $622 and a contract change of ($164), respectively. The fiscal year-to-date 2026 and 2025 adjustments were for deconversions of ($10701), a gain on sale of assets, net, of ($6828), and an acquisition of $514, and were for deconversions of ($2873) and a contractual change of ($1969), respectively. | \*The fiscal second quarter 2026 and 2025 adjustments for net income before interest expense, taxes, depreciation and amortization were for deconversions of ($3600), a gain on sale of assets, net, of ($3032), and an acquisition of $514, and were for deconversions of $622 and a contract change of ($164), respectively. The fiscal year-to-date 2026 and 2025 adjustments were for deconversions of ($10701), a gain on sale of assets, net, of ($6828), and an acquisition of $514, and were for deconversions of ($2873) and a contractual change of ($1969), respectively. |
| **Calculation of Free Cash Flow (Non-GAAP)** | **Calculation of Free Cash Flow (Non-GAAP)** |  |  | **Six Months Ended December 31,** | **Six Months Ended December 31,** |  |
| (In thousands) |  |  |  | **<u>2025</u>** | <u>2024</u> |  |
| Net cash from operating activities | Net cash from operating activities |  |  | $**273255** | $206543 |  |
| Capitalized expenditures |  |  |  | **(30096)** | (29469) |  |
| Internal use software |  |  |  | **(2908)** | (3528) |  |
| Proceeds from sale of assets |  |  |  | **24572** |  |  |
| Capitalized software |  |  |  | **(92484)** | (85803) |  |
| **FREE CASH FLOW** |  |  |  | $**172339** | $87743 |  |
| Net income |  |  |  | $**268655** | $217036 |  |
| Operating cash conversion\* |  |  |  | **101.7%** | 95.2% |  |
| **Free cash flow conversion (excluding proceeds from sale of assets)\*** | **Free cash flow conversion (excluding proceeds from sale of assets)\*** |  |  | **55.0%** | 40.4% |  |
| \*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. | \*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. | \*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. | \*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. | \*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. | \*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. | \*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 Shareholders' Equity** | **Calculation of the Return on Average Shareholders' Equity** | **Calculation of the Return on Average Shareholders' Equity** |  | **December 31,** | **December 31,** |  |
| (In thousands) |  |  |  | **<u>2025</u>** | <u>2024</u> |  |
| Net income (trailing four quarters) | Net income (trailing four quarters) |  |  | $**507367** | $405208 |  |
| Average stockholder's equity (period beginning and ending balances) | Average stockholder's equity (period beginning and ending balances) | Average stockholder's equity (period beginning and ending balances) |  | **2089312** | 1849976 |  |
| **RETURN ON AVERAGE SHAREHOLDERS' EQUITY** | **RETURN ON AVERAGE SHAREHOLDERS' EQUITY** |  |  | **24.3%** | 21.9% |  |

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![tech-bluexbara.jpg](tech-bluexbara.jpg)****

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| | | | | |
|:---|:---|:---|:---|:---|
| **Calculation of NOPAT ROIC (Non-GAAP)** | **December 31,** | **December 31,** | **December 31,** | **December 31,** |
| (In thousands) | **<u>2025</u>** | **<u>2025</u>** | <u>2024</u> | <u>2024</u> |
| **Operating income (trailing four quarters)** | **$** | **637650** | $| 512003 |
| Average Effective Tax Rate (trailing four quarters) | **22.6** | **22.6%** | 23.3 | 23.3% |
| NOPAT operating income (trailing four quarters)\* | **493541** | **493541** | 392706 | 392706 |
| Average invested capital (period beginning and ending balances) | **2174312** | **2174312** | 2052476 | 2052476 |
| **NOPAT ROIC** | **22.7%** | **22.7%** | 19.1% | 19.1% |

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\*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?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The remaining $4 million will impact the rest of the fiscal year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• This restructuring has also resulted in a decrease in the related costs and the impact on margins is expected to be minimal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 second half of fiscal 2026?**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We expect the year-over-year revenue growth rates to slow slightly as we face overall tougher prior year comparables from the second half of fiscal 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• We expect some contraction in margins in the second half of fiscal 2026 compared to the first half where we experienced lower than normal expense for medical claims under our self-insured employee healthcare plan.

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| ![jack-henryxwordmarkxhexx07a.jpg](jack-henryxwordmarkxhexx07a.jpg) | 15 |

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