Jack Henry & Associates, Inc. stock research
FY2026 Q3
Jack Henry & Associates (JKHY) Gross Margin & Quarterly History
Explore Jack Henry & Associates, Inc. (JKHY) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q3
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year. Gross margin improved year-over-year but weakened sequentially, reflecting a proportionally larger increase in cost of revenue relative to revenue in the sequential comparison.
- The year-over-year gross margin improvement was the strongest observable driver, as revenue grew more than cost of revenue compared to the same quarter last year.
- Compared to the prior quarter, gross margin declined as cost of revenue rose more sharply than revenue. Compared to the same quarter last year, gross margin rose as revenue growth outpaced cost of revenue growth.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
42.8%
Gross profit
$272.3M
Revenue
$636.2M
Cost of revenue
$363.9M
Quarter-over-quarter change
-0.5 pts
Year-over-year change
+1.0 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $615.4M | $271.5M | $343.9M | 44.1% |
| Sep 30, 2025 | $644.7M | $296.2M | $348.6M | 45.9% |
| Dec 31, 2025 | $619.3M | $268.3M | $351.0M | 43.3% |
| Mar 31, 2026 | $636.2M | $272.3M | $363.9M | 42.8% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
-0.5 pts
Year-over-year change
Mar 31, 2025
+1.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The year-over-year gross margin improvement was the strongest observable driver, as revenue grew more than cost of revenue compared to the same quarter last year.
Compared to the prior quarter, gross margin declined as cost of revenue rose more sharply than revenue. Compared to the same quarter last year, gross margin rose as revenue growth outpaced cost of revenue growth.
Monitor the ratio of cost of revenue to revenue in subsequent quarters, as it directly influences gross margin trends.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Jack Henry & Associates, Inc. (JKHY) | 42.8% |