Jack Henry & Associates, Inc. JKHY

Revenue Intelligence Report • 32 quarters of SEC filing data • Updated 2026-03-15

Revenue is driven by disciplined investments in R&D and SG&A, which translate to long-run revenue returns of $7.65 per $1 of R&D and $6.15 per $1 of SG&A. The model is linear and supported by 32 quarters of data, with 1.0% MAPE and a holdout test error of 2.6% (predicted 374M vs actual 384M). Latest quarterly revenue was 384M, and the FY forecast is 1,512M, up 5.7% year over year. This points to a stable, ROI-driven growth trajectory, though the outlook remains mindful of macro and competitive dynamics that could affect spend efficiency.

Investment Thesis

Our ARDL model tracks Jack Henry & Associates, Inc.'s revenue with exceptional precision (1.0% MAPE), indicating highly predictable cash flows. Every $1 of R&D investment is associated with $7.65 of revenue, indicating efficient capital deployment in innovation. Each $1 of SG&A spending generates $6.15 in revenue, reflecting strong commercial efficiency.

Next FY Revenue
$1.51B
+5.7% YoY
R&D Multiplier
$7.65 per $1
SG&A Multiplier
$6.15 per $1
Model Accuracy
1.0% MAPE
Holdout validation: The model predicted $374B vs the actual $384B — an error of 2.6%.

Revenue Forecast

JKHY Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q2 2017 $374B $384B $367B – $380B +1.9% ✗ Outside range
Q3 2017 $370B $361B – $379B +7.2%
Q4 2017 $376B $365B – $387B +7.9%
Q1 2018 $377B $364B – $390B +6.5%
Q2 2018 $389B $375B – $403B +1.4%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture Jack Henry & Associates, Inc.'s systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Sep–Nov) 1.0002 +0.0% In line with trend 7
FQ2 (Dec–Feb) 0.9976 -0.2% In line with trend 7
FQ3 (Mar–May) 0.9945 -0.5% In line with trend 7
FQ4 (Jun–Aug) 1.0039 +0.4% In line with trend 7

How Spending Drives Revenue

JKHY Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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