Jack Henry & Associates, Inc. · JKHY · FY2026 Q2 · Calendar Q1 2026

Jack Henry raises FY2026 guidance as cloud and payments momentum continues

The supplied analysis supports a constructive operating thesis: cloud migration, payments adoption, SMB products, and Victor-related capabilities are expanding Jack Henry's growth avenues, while raised FY2026 guidance reinforces management's confidence. The key test is whether these initiatives can sustain growth without offsetting pressure from pricing, costs, competition, and execution risks.

Reported After market closeNASDAQTechnology $10.54B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.72 Consensus $1.43
EPS surprise +20.3% Reported versus consensus
Reported revenue $619.3M Consensus $609.8M
Revenue surprise +1.6% Reported versus consensus

Market reaction

event-close to next-session close
Stock move +4.6% Event window
SPY move -0.5% Same window
Abnormal move +5.1% Stock minus SPY
Volume 2.3× Versus trailing sessions
Subsequent drift -3.9% Up to 20 sessions
JKHYSPY benchmark

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Why did JKHY rise 4.6% after beating EPS estimates in FY2026 Q2?What changed in JKHY's guidance and outlook in FY2026 Q2?Give me the bull and bear case for JKHY after FY2026 Q2 earnings.

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Transcript intelligence

What changed

Compared with the prior quarter, the analysis adds record Q2 results, 22 core wins, further scaling of Tap2Local, a USDC stablecoin beta, Victor API expansion, and raised FY2026 guidance. It also identifies higher second-half cloud and infrastructure spending, medical-benefit normalization, and deconversion uncertainty as more immediate watch items.

Guidance delta

Management raised FY2026 GAAP and non-GAAP revenue and EPS guidance; the supplied analysis cites GAAP revenue growth of 5.6–6.3%, non-GAAP revenue growth of 6.4–7.1%, and 90–100% free-cash-flow conversion.

Key takeaways

  • Management highlighted record Q2 results, 22 core wins, and market-share gains in a shrinking overall market.
  • Growth drivers included private-cloud migration, digital banking, faster payments, and SMB products such as Tap2Local and Rapid Transfers.
  • Management raised FY2026 guidance and targeted 90–100% free-cash-flow conversion.
  • New initiatives include a USDC stablecoin beta, Victor embedded-payments capabilities, and broader use of AI in development and back-office processes.

Management priorities

  • Scale Tap2Local and Rapid Transfers.
  • Advance the USDC stablecoin beta and assess infrastructure partners.
  • Use Victor APIs to expand embedded payments and treasury management.
  • Test a cloud-native deposit-only core.
  • Move enterprise account opening from beta to general availability.

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Earnings History

Estimate Beat Miss Match
JKHY EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q3 '24 estimate $1.17 Q3 '24 actual $1.19, beat Q4 '24 estimate $1.32 Q4 '24 actual $1.38, beat Q1 '25 estimate $1.61 Q1 '25 actual $1.63, beat Q4 '25 estimate $1.58 Q4 '25 actual $1.75, beat Q1 '26 estimate $1.71 Q1 '26 actual $1.97, beat Q2 '26 estimate $1.43 Q2 '26 actual $1.72, beat Q3 '26 estimate $1.43 Q3 '26 actual $1.71, beat Q4 '26 estimate $1.47 Q4 '26 actual $1.57, beat Q1 '27 estimate $2.07 Q2 '27 estimate $1.77 Q3 '27 estimate $1.77
Show 1 more >

Analyst Consensus ?

ConsensusBuy24 ratings
Bullish1458.3%
Neutral1041.7%
Bearish00.0%

Analyst 52W Price Targets

$147.65Current
$161Low
$187.5Average
$215High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 24, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
RBC Capital Outperform OutperformMaintainSep 16, 2026
Raymond James Strong Buy Strong BuyMaintainSep 16, 2026
Piper Sandler Neutral NeutralMaintainSep 16, 2026
DA Davidson Buy BuyMaintainSep 2, 2026
Wolfe Research Outperform OutperformMaintainAug 25, 2026
Show 19 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $147.65. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Raymond JamesAnalyst unavailable$199$158.38 +34.8%Sep 16, 2026
Piper SandlerBill Carcache$175$154.07 +18.5%Sep 16, 2026
KeyBancAndrew Schmidt$190$166.58 +28.7%Sep 14, 2026
Piper SandlerAnalyst unavailable$171$161.42 +15.8%Sep 10, 2026
Wolfe ResearchDarrin Peller$215$170.51 +45.6%Aug 25, 2026
See 36 more

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Company context

Snapshot as of publication

Jack 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 earnings
+6.5%FY2026 Q4 · Calendar Q3 2026-4.3%FY2026 Q3 · Calendar Q2 2026

Technology peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
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
SAIL SailPoint, Inc. FY2027 Q2 · Calendar Q3 2026 +13.8% -1.2% SailPoint pairs 25% ARR growth with accelerating AI-driven adoption
CIEN Ciena Corporation FY2026 Q3 · Calendar Q3 2026 +22.0% -10.4% Ciena raises outlook as AI networking demand lifts backlog
DOCU DocuSign, Inc. FY2027 Q2 · Calendar Q3 2026 +6.4% +3.7% DocuSign Q2 FY27: IAM momentum supports a raised outlook
IOT Samsara Inc. FY2027 Q2 · Calendar Q3 2026 +25.0% +3.7% Samsara: AI adoption expands as FY27 guidance holds

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-09-24T17:10:53.215148+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T17:10:53.212405+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 2026-09-24. For educational purposes only; not investment advice.