Jack Henry

Jack Henry

Cloud-based core banking and payments platform

Overview

Jack Henry & Associates provides software and payment processing for banks and credit unions. Its cloud-native platform on Google Cloud unifies core banking, digital banking, payments, loans, and deposits into one ecosystem and supports gradual migration from legacy systems. It differentiates itself with a long-standing, comprehensive banking technology suite delivered on a cloud-native platform that allows smaller institutions to access modern technology without a disruptive switch, plus an end-to-end set of services and managed payments. Its goal is to help financial institutions modernize operations, reduce risk, and improve the accountholder experience so they can compete with larger banks.

About Jack Henry

Simplify's Rating
Why Jack Henry is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Fintech

Financial Services

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Monett, Missouri

Founded

2000

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Simplify's Take

What believers are saying

  • Fiscal 2026 delivered record 58 competitive core wins, including 14 institutions above $1 billion assets.
  • Fiscal 2026 non-GAAP revenue reached $2.5 billion, up 7%, with 24% operating margin.
  • AI-security and automation partnerships with Google Cloud target faster sales and stickier workflows.

What critics are saying

  • Fiserv, FIS, and Temenos keep pressuring Jack Henry on core replacements and AI features.
  • Deconversion revenue hit $42.8 million in fiscal 2026, exposing churn from bank acquisitions.
  • If community-bank consolidation accelerates, Jack Henry's installed base shrinks faster than new wins replace it.

What makes Jack Henry unique

  • Jack Henry serves roughly 7,400 U.S. banks and credit unions with mission-critical core software.
  • Its Google Cloud partnership adds cloud-native security and AI tooling for regulated institutions.
  • Banno and the trifecta bundle core, digital, and cards into one sticky platform.

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Funding

Total Funding

$1B

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Remote Work Options

Stock Price

Company News

Yahoo Finance
Sep 24th, 2026
Jack Henry & Associates falls 18.7% YTD, underperforms Dow despite strong Q4 results

Jack Henry & Associates, a financial technology company with a $10.4 billion market cap, has underperformed the Dow Jones Industrial Average over the past year. The stock declined 1.1% over 52 weeks, whilst the Dow gained 11.3%. Year-to-date, shares fell 18.7%, compared to the Dow's 7.2% return. However, the stock has shown recent strength, rising 18.4% over three months and trading above its 50-day and 200-day moving averages since late June. Shares jumped 6.5% following better-than-expected Q4 results on 18 August, with earnings per share of $1.57 and revenue of approximately $644 million. Despite the underperformance, analysts remain cautiously optimistic. The stock has a consensus "Moderate Buy" rating from 20 analysts, with a mean price target of $188 representing a 26.7% premium to current levels.

Yahoo Finance
Sep 21st, 2026
Jack Henry & Associates shares fall 9% despite 12.5% earnings growth as investors flee software stocks

Fenimore Asset Management has defended Jack Henry & Associates, a financial technology company serving community banks and credit unions, against concerns about disruption risks. In its Q2 2026 investor letter, Fenimore stated that despite Jack Henry's earnings growing 12.5%, the stock declined as investors moved away from software firms. The investment manager said its in-depth research suggests the disruption thesis is incorrect. As of 18 September 2026, Jack Henry shares traded at $154.85, down 9.18% over the previous month but up 2.24% year-over-year. The company has a market capitalisation of $10.86 billion. According to Fenimore's database, 50 hedge funds held Jack Henry at the end of Q2 2026, up from 38 in the previous quarter.

Yahoo Finance
Sep 8th, 2026
Trust Stamp integrates ID verification tech with Jack Henry's Banno platform to combat AI-driven fraud

Trust Stamp has integrated its driver's licence verification technology with Jack Henry's Banno Digital Platform. The AI-powered identity solutions provider embedded its AAMVA Driver's Licence Data Verification system using the Banno Digital Toolkit API framework. The integration provides community and regional financial institutions access to real-time verification against official DMV records. This moves institutions from document authentication to data verification, addressing rising identity fraud driven by generative AI. Jack Henry's ecosystem includes over 1,000 fintechs serving more than 7,200 financial institutions. Trust Stamp president Andrew Gowasack said the integration enables banks and credit unions to deploy high-assurance protection directly into native banking experiences without adding friction for users.

PR Newswire
Aug 24th, 2026
GoGuardian CEO Richard Preece joins Jack Henry board of directors

Jack Henry & Associates has appointed Richard Preece to its board of directors, effective 20 August 2026. Preece will serve on the board's Human Capital & Compensation and Risk & Compliance committees. Preece, 51, is chief executive officer of Liminex, trading as GoGuardian, an education technology company supporting over 25 million students and 10,000 schools nationwide. Before joining GoGuardian in 2024, he was chief operating officer at LegalZoom.com from 2019 to 2024. He previously held various management positions at Intuit from 2002 to 2019, including US general manager for QuickBooks. The company also announced that director Wes Brown will not stand for reelection at its November annual meeting, in accordance with the company's retirement age policy. Brown has served on the board since 2015.

Yahoo Finance
Aug 19th, 2026
Jack Henry hits record 58 core wins, revenue up 7% to $2.5B in FY2026

Jack Henry & Associates reported strong fiscal 2026 results with non-GAAP revenue of $2.5 billion, up 7% year-over-year. The financial technology firm achieved a record 58 competitive core wins, including 14 institutions with over $1 billion in assets. Operating margin expanded 92 basis points to 24%. GAAP earnings per share reached $6.98, whilst free cash flow increased 31% to $539 million. The company repurchased $448 million in shares, reducing outstanding shares by 4%, and paid $170 million in dividends. Cloud revenue grew 7%, representing 32% of total revenue, whilst recurring revenue accounted for 91%. Jack Henry demonstrated strong adoption of its integrated solutions, with 59% of core wins including its trifecta offering of core, digital, and card services, up from 39% the previous year. For fiscal 2027, the company forecasts non-GAAP revenue growth of 6.3% to 7.3%.

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