Jack Henry & Associates, Inc. stock research
FY2024 Q1
Jack Henry & Associates (JKHY) Gross Margin — Quarter Ended Sep 30, 2023
Revenue and cost of revenue both increased, resulting in higher gross profit. Gross margin improved sequentially but was slightly lower than the same quarter last year.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2024 Q1
Revenue and cost of revenue both increased, resulting in higher gross profit. Gross margin improved sequentially but was slightly lower than the same quarter last year.
- The sequential improvement in gross margin is associated with gross profit growing faster than revenue relative to the prior quarter.
- Compared to the prior quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened slightly.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
43.5%
Gross profit
$248.4M
Revenue
$571.4M
Cost of revenue
$323.0M
Quarter-over-quarter change
+1.2 pts
Year-over-year change
-0.2 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 |
|---|---|---|---|---|
| Mar 31, 2023 | $508.6M | $201.2M | $307.3M | 39.6% |
| Jun 30, 2023 | $534.6M | $225.8M | $308.9M | 42.2% |
| Sep 30, 2023 | $571.4M | $248.4M | $323.0M | 43.5% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
+1.2 pts
Year-over-year change
Sep 30, 2022
-0.2 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The sequential improvement in gross margin is associated with gross profit growing faster than revenue relative to the prior quarter.
Compared to the prior quarter, gross margin improved. Compared to the same quarter one year earlier, gross margin weakened slightly.
Monitor the trend in cost of revenue relative to revenue, as it directly influences gross margin.