Analyst Consensus ?
ConsensusBuy24 ratings
Bullish1562.5%
Neutral937.5%
Bearish00.0%
Jack Henry & Associates, Inc. · JKHY · FY2025 Q3 · Calendar Q2 2025
Jack Henry grows cloud revenue as guidance mix shifts
The quarter provides evidence for a durable growth case through cloud migration, core wins and payment products, but it does not remove execution and near-term revenue risks. The combination of lowered revenue guidance and stronger margin and EPS guidance makes the evidence constructive but mixed.
Reported Before market openNASDAQTechnology
$10.61B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.32
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $585.8M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.1%
Event window
SPY move
-0.8%
Same window
Abnormal move
+0.7%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
+5.5%
Up to 20 sessions
JKHYSPY benchmark
Ask FN2 about JKHY FY2025 Q3
Transcript, numbers and history already loaded
What drove JKHY's -0.1% move after FY2025 Q3 earnings?What changed in JKHY's guidance and outlook in FY2025 Q3?Give me the bull and bear case for JKHY after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management continued to emphasize cloud migration, recurring software and faster payments, while the current analysis added a lower revenue outlook tied to macroeconomic softness and delayed hardware projects. At the same time, margin and EPS guidance improved, and core wins and private-cloud adoption remained strong.
Guidance delta
Revenue guidance was lowered because of macroeconomic softness and delayed hardware projects; margin and EPS guidance were raised.
Key takeaways
- Non-GAAP revenue grew 7% year over year, with margin expanding by 207 basis points.
- Management cited 28 new core deals representing $30 billion in assets and 76% private-cloud adoption.
- Cloud and processing growth is offset by softer hardware and other non-recurring project activity.
- The quarter supports a constructive operating trajectory, but the lower revenue outlook tempers the longer-term thesis.
Management priorities
- Continue migrating clients to Jack Henry private cloud and advance the public cloud-native platform.
- Expand Banno, Financial Crimes Defender, Rapid Transfers and Moov merchant acquiring offerings.
- Convert core wins and payment-product adoption into recurring growth while managing implementation delays.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$149.31Current
$158Low
$186.5Average
$215High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 10, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Piper Sandler | Overweight | Neutral | Upgrade | Oct 9, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Sep 30, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 30, 2026 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Sep 16, 2026 |
| DA Davidson | Buy | Buy | Maintain | Sep 2, 2026 |
| Wolfe Research | Outperform | Outperform | Maintain | Aug 25, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 20, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Aug 20, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 20, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Aug 19, 2026 |
| Wells Fargo | Overweight | Equal Weight | Upgrade | Feb 17, 2026 |
| Baird | Neutral | Neutral | Maintain | Dec 15, 2025 |
| Keefe, Bruyette & Woods | Outperform | Market Perform | Upgrade | Dec 8, 2025 |
| Compass Point | Buy | Neutral | Upgrade | Nov 6, 2025 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Nov 6, 2024 |
| Evercore ISI Group | In Line | In Line | Maintain | Jun 25, 2024 |
| B of A Securities | Buy | Neutral | Upgrade | Dec 6, 2023 |
| Northcoast Research | Buy | Neutral | Upgrade | Sep 18, 2023 |
| BTIG | Buy | Buy | Maintain | Aug 17, 2023 |
| William Blair | Outperform | Outperform | Maintain | Jan 11, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Aug 18, 2022 |
| Atlantic Equities | Neutral | Neutral | Maintain | Sep 3, 2019 |
| Keefe Bruyette & Woods | Perform | Market Perform | Maintain | Apr 9, 2019 |
| Cantor Fitzgerald | Overweight | Overweight | Maintain | Aug 23, 2018 |
Named analyst price targets
Upside is calculated against the persisted current price $149.31. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | James Faucette | $158 | $146.22 | +5.8% | Sep 30, 2026 |
| Seaport Global | Analyst unavailable | $193 | $147.79 | +29.3% | Sep 28, 2026 |
| Raymond James | Analyst unavailable | $199 | $158.38 | +33.3% | Sep 16, 2026 |
| Piper Sandler | Bill Carcache | $175 | $154.07 | +17.2% | Sep 16, 2026 |
| KeyBanc | Andrew Schmidt | $190 | $166.58 | +27.3% | Sep 14, 2026 |
| Piper Sandler | Analyst unavailable | $171 | $161.42 | +14.5% | Sep 10, 2026 |
| Wolfe Research | Darrin Peller | $215 | $170.51 | +44.0% | Aug 25, 2026 |
| RBC Capital | Analyst unavailable | $178 | $165.2 | +19.2% | Aug 20, 2026 |
| UBS | Timothy Chiodo | $170 | $163.06 | +13.9% | Aug 20, 2026 |
| Goldman Sachs | Analyst unavailable | $178 | $163.06 | +19.2% | Aug 20, 2026 |
| Barclays | Analyst unavailable | $185 | $163.06 | +23.9% | Aug 20, 2026 |
| D.A. Davidson | Peter Heckmann | $198 | $167.68 | +32.6% | Aug 19, 2026 |
| Oppenheimer | Analyst unavailable | $209 | $153.12 | +40.0% | Aug 19, 2026 |
| Barclays | Analyst unavailable | $170 | $146.71 | +13.9% | Jul 8, 2026 |
| Wolfe Research | Analyst unavailable | $165 | $135 | +10.5% | Jun 29, 2026 |
| RBC Capital | Analyst unavailable | $173 | $124.22 | +15.9% | Jun 18, 2026 |
| Morgan Stanley | Analyst unavailable | $170 | $146.33 | +13.9% | May 8, 2026 |
| RBC Capital | Analyst unavailable | $180 | $145.51 | +20.6% | May 7, 2026 |
| UBS | Analyst unavailable | $165 | $143.95 | +10.5% | May 7, 2026 |
| Wells Fargo | Analyst unavailable | $196 | $156.76 | +31.3% | Feb 17, 2026 |
| Morgan Stanley | Analyst unavailable | $183 | $173.78 | +22.6% | Feb 5, 2026 |
| Stephens | Analyst unavailable | $205 | $173.78 | +37.3% | Feb 5, 2026 |
| Robert W. Baird | David Koning | $205 | $173.78 | +37.3% | Feb 5, 2026 |
| Wells Fargo | Analyst unavailable | $181 | $177.94 | +21.2% | Jan 30, 2026 |
| D.A. Davidson | Peter Heckmann | $216 | $178.27 | +44.7% | Jan 29, 2026 |
| Stephens | Analyst unavailable | $200 | $189.54 | +33.9% | Jan 16, 2026 |
| UBS | Analyst unavailable | $195 | $188.65 | +30.6% | Jan 8, 2026 |
| Wolfe Research | Darrin Peller | $220 | $185.97 | +47.3% | Jan 8, 2026 |
| RBC Capital | Analyst unavailable | $210 | $187.62 | +40.6% | Dec 16, 2025 |
| Robert W. Baird | Analyst unavailable | $200 | $185.8 | +33.9% | Dec 15, 2025 |
| D.A. Davidson | Peter Heckmann | $190 | $154.3 | +27.3% | Oct 29, 2025 |
| Wells Fargo | Jason Kupferberg | $161 | $156.92 | +7.8% | Oct 21, 2025 |
| Robert W. Baird | David Koning | $172 | $152.22 | +15.2% | Oct 17, 2025 |
| D.A. Davidson | Analyst unavailable | $204 | $165.56 | +36.6% | Aug 22, 2025 |
| Robert W. Baird | David Koning | $195 | $185.67 | +30.6% | Oct 17, 2024 |
| Oppenheimer | Rayna Kumar | $206 | $176.54 | +38.0% | Sep 30, 2024 |
| Robert W. Baird | David Koning | $186 | $163.75 | +24.6% | Apr 17, 2024 |
| RBC Capital | Analyst unavailable | $193 | $176.64 | +29.3% | Nov 10, 2022 |
| Morgan Stanley | Analyst unavailable | $185 | $197.43 | +23.9% | Aug 18, 2022 |
| Credit Suisse | Analyst unavailable | $180 | $197.3 | +20.6% | Aug 18, 2022 |
| RBC Capital | Analyst unavailable | $199 | $197.3 | +33.3% | Aug 18, 2022 |
| Oppenheimer | Analyst unavailable | $214 | $199.69 | +43.3% | Jul 25, 2022 |
| Morgan Stanley | Analyst unavailable | $190 | $177.11 | +27.3% | Jun 15, 2022 |
Track every rating change on JKHY the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationJack Henry & Associates, Inc. operates as a financial technology company that connects people and financial institutions through technology solutions and payment processing services. It operates through four segments: Core, Payments, Complementary, and Corporate and Other. The Core segment provides core information processing platforms to banks and credit unions, which consist of integrated applications required to process deposit, loan, general ledger transactions, and maintain centralized accountholder information. The Payments segment offers secure payment processing tools and services, including ATM, automated clearing house origination and remote deposit capture processing, and risk management products and services, as well as debit and credit card processing services, and online and mobile bill pay solutions.…
Historical context
All JKHY earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-22T00:02:47.536505+00:00
- Polygon adjusted daily market bars · 2026-10-10T15:00:42.555170+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-10T15:00:42.552450+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-10. For educational purposes only; not investment advice.