Jack Henry & Associates (JKHY) 10-K Summary — Year Ended Jun 30, 2024
Jack Henry & Associates reported growth in revenue and net income, with a substantial increase in operating cash flow. The company continues to invest in its product offerings and capital infrastructure.
Key takeaway
Year ended Jun 30, 2024 · FY2025 10-K
Jack Henry & Associates reported growth in revenue and net income, with a substantial increase in operating cash flow. The company continues to invest in its product offerings and capital infrastructure.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$2.2B
Revenue reported for the fiscal year.
Operating income
$489.4M
Income from operations reported for the year.
Net income
$381.8M
Net income reported for the year.
Operating cash flow
$568M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2021 | $1.8B | n/a |
| Jun 30, 2022 | $1.9B | +10.5% |
| Jun 30, 2023 | $2.1B | +6.9% |
| Jun 30, 2024 | $2.2B | +6.6% |
Business overview
The company develops and enhances product and service offerings, focusing on technology solutions for financial institutions. Its operations include annual maintenance billings and internal software development, supported by significant computer equipment investments.
Financial performance
Revenue increased compared to the prior year, driven by higher collections. Net income also rose, and operating cash flow improved significantly due to favorable collection timing and lower income tax payments.
Material risks
The company's cash flow can be affected by the timing of annual maintenance collections and income tax payments. The filing lists risk factors, but the specific details are not provided in the supplied context.
Liquidity and capital
Cash from operations is primarily used for debt repayment, dividend payments, stock repurchases, and capital expenditures. Cash and cash equivalents increased over the period.
What to watch
Monitor the trend in annual maintenance billing collections, which significantly impacted operating cash flow in the most recent period.