Financials · Transaction & Payment Processing Services · US stock · price as of 16 Oct 2026
Key indicators
Price
$153.19
52-week range
$120.60 – $191.13
Market cap
$11.0B
P/E (trailing)
22.0×
EV / EBITDA
17.4×
Free-cash-flow yield
6.3%
Dividend yield
1.6%
Revenue (last 12 months)
$2.5B
Revenue growth (3y a year)
7.0%
Operating margin
25.0%
Return on invested capital
23.1%
Net debt / EBITDA
0.1×
Fair value
Blended fair value$198.91 range $170 – $211
Versus priceFair+30% to fair value
Peer multiples
$98.66
Fundamentals-adjusted multiple
$189.40
10-year DCF (market-scaled)
$308.67
Earnings power value (floor, not blended)
$98.79
Model uncertainty
Medium
X-Ray Score
65/ 100 · High confidence · ahead of 94% of sector peers
Valuation60
Growth57
Profitability77
Financial health71
Dividends51
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Jack Henry and Associates provides core processing software and payment technology to community banks and credit unions in the United States. Its offerings include account processing systems, digital banking, card and electronic payment services, and fraud and risk tools. Revenue is largely recurring, coming from multi-year service agreements and fees for processing and support, supplemented by software licences and hardware sales.
The figures show revenue of $2.5 billion for the last twelve months and three-year growth of 7.0% a year. It reports an operating margin of 25.0%. Capital is used to generate a return on invested capital of 23%. Leverage, measured as net debt to EBITDA, is 0.1 times. The company pays a dividend with a yield of 1.6%.
StocksXray gives Jack Henry & Associates Inc an X-Ray Score of 65 out of 100 (high confidence), ahead of 94% of the S&P 500 stocks in its sector. Its strongest lens is profitability (77) and its weakest is dividends (51).
Our fair value blend is $198.91 (range $170.43 to $211.40). At $153.19 the stock trades 23% below that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Jack Henry & Associates Inc (JKHY)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$170.12
$160.01
$160.88
$176.84
$137.24
$153.19
Market cap
$12.5B
$11.7B
$11.7B
$12.9B
$9.9B
$11.0B
P/E
34.4×
31.9×
30.8×
28.3×
19.7×
22.0×
EV / revenue
6.5×
5.8×
5.4×
5.4×
3.9×
4.3×
EV / EBITDA
26.5×
24.9×
24.2×
22.5×
15.6×
17.4×
Price / free cash flow
26.6×
34.2×
23.0×
22.0×
14.2×
15.9×
Free-cash-flow yield
3.8%
2.9%
4.3%
4.6%
7.0%
6.3%
Price / book
9.0×
7.3×
6.4×
6.1×
4.8×
5.4×
Dividend yield
1.12%
1.26%
1.33%
1.28%
1.73%
1.57%
Fundamentals checklist ● 10 Good · ● 5 Average · ● 1 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−8.2%Good
Free-cash-flow yield6.3%Average
Risk models
Altman Z score7.4×Good
Piotroski F-Score7 of 9Average
Growth
EPS growth (3y)11.6%Average
Free-cash-flow growth (3y)26.6%Good
Revenue growth (3y)7.0%Average
Growth consistency100%Good
Balance sheet
Current ratio1.2×Good
Net debt / EBITDA0.1×Good
Interest coverno interest costGood
Valuation
Fair value vs price1.3×Good
EBIT / EV yield5.7%Bad
Profitability
Return on invested capital23.1%Good
Operating margin25.0%Average
Gross profitability35.3%Good
XStocksXray
Jack Henry & Associates Inc (JKHY)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
1,943
2,078
2,216
2,375
2,544
2,544
Gross profit
814
859
916
1,015
1,111
1,111
Operating income
475
481
489
569
635
635
Net income
363
367
382
456
503
503
Diluted EPS ($)
4.94
5.02
5.23
6.24
6.98
6.95
Free cash flow
470
342
510
588
695
695
Gross margin
41.9%
41.3%
41.3%
42.7%
43.7%
43.7%
Operating margin
24.4%
23.1%
22.1%
23.9%
25.0%
25.0%
Net margin
18.7%
17.6%
17.2%
19.2%
19.8%
19.8%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
2,456
2,774
2,924
3,044
3,146
3,146
Cash
49
12
38
102
12
12
Total debt
115
275
150
0
40
40
Equity
1,382
1,609
1,842
2,131
2,052
2,052
Dividend per share ($)
1.90
2.02
2.14
2.26
2.38
2.38
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
585
615
645
619
636
644
Growth vs a year earlier
+8.6%
+9.9%
+7.3%
+7.9%
+8.7%
+4.7%
Net income ($M)
111
128
144
125
123
111
Diluted EPS ($)
1.52
–
1.97
1.72
1.71
–
XStocksXray
Jack Henry & Associates Inc (JKHY)
Peers in Transaction & Payment Processing Services
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.