Jack Henry & Associates (NASDAQ: JKHY) is a financial technology company headquartered in Monett, Missouri, that provides technology solutions and payment processing services to community and regional banks and credit unions. Revenue comes from two main streams: services and support (cloud hosting, implementation, consulting, on-premise maintenance) and processing (remittance, card transactions, and digital/mobile payments). As of the fiscal year ended June 30, 2025, processing revenue was $1.01B, representing 43% of total revenue, while services and support grew 6.7% year over year. The company serves approximately 7,400 clients, ranging from de novo banks to institutions with assets up to $55 billion, and employs approximately 7,240 full-time and part-time associates nationwide. Core segment revenue reached $739.3M in FY2025, up 7.0% from FY2024. Cloud contracts carry six-year initial terms, creating strong switching costs across the client base. The company ended FY2025 with no outstanding debt on its $600M revolving credit facility.

Revenue model

Subscription-style cloud hosting fees (six-year initial contract terms), on-premise maintenance fees (annual terms), implementation and consulting fees, hardware sales, and transaction-based processing fees covering card, ACH, remittance, and real-time payment networks.

Products and services

Core data processing platforms for banks and credit unions; private and public cloud hosting; on-premise core banking software; EPS accounts receivable and risk management tools; Payrailz Payments Platform for digital money movement; JHA PayCenter providing access to Zelle, RTP, and FedNow networks; card transaction processing; ACH, remote capture, and electronic bill payment services.

Customers and end markets

Approximately 7,400 clients (as of FY2025 10-K filing) consisting of community and regional banks ranging from de novo to multi-billion-dollar institutions with assets up to $55 billion, and credit unions of all sizes across the United States.

Value-chain role

Technology and payments infrastructure provider sitting between financial institutions and payment networks. Processes debit, credit, ACH, real-time payments (Zelle, RTP, FedNow), and check clearing on behalf of banks, credit unions, businesses, and consumers. Also provides APIs for banks, credit unions, businesses, and fintechs.

Geographic exposure

United States only, based on filing disclosures. Headquarters in Monett, Missouri.

Source: SEC 10-K, filed 2025-08-25

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