Jack Henry & Associates, Inc. stock research
FY2026 Q1
Jack Henry & Associates (JKHY) Gross Margin — Quarter Ended Sep 30, 2025
Revenue, gross profit, and cost of revenue all increased, with gross profit rising more than cost of revenue, resulting in an improved gross margin. Compared to both the prior quarter and the same quarter one year earlier, gross margin was higher.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2026 Q1
Revenue, gross profit, and cost of revenue all increased, with gross profit rising more than cost of revenue, resulting in an improved gross margin. Compared to both the prior quarter and the same quarter one year earlier, gross margin was higher.
- The improvement in gross margin was driven by revenue increasing more than cost of revenue, leading to a higher gross profit and a higher margin percentage.
- Compared to the previous quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Compared to the same quarter last year, all metrics were higher and gross margin also improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
45.9%
Gross profit
$296.2M
Revenue
$644.7M
Cost of revenue
$348.6M
Quarter-over-quarter change
+1.8 pts
Year-over-year change
+3.1 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 |
|---|---|---|---|---|
| Dec 31, 2024 | $573.8M | $241.0M | $332.9M | 42.0% |
| Mar 31, 2025 | $585.1M | $244.5M | $340.6M | 41.8% |
| Jun 30, 2025 | $615.4M | $271.5M | $343.9M | 44.1% |
| Sep 30, 2025 | $644.7M | $296.2M | $348.6M | 45.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
+1.8 pts
Year-over-year change
Sep 30, 2024
+3.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The improvement in gross margin was driven by revenue increasing more than cost of revenue, leading to a higher gross profit and a higher margin percentage.
Compared to the previous quarter, revenue, gross profit, and cost of revenue were all higher, and gross margin improved. Compared to the same quarter last year, all metrics were higher and gross margin also improved.
Monitor the company's cash and cash equivalents and operating cash flow trends as highlighted in the filing's liquidity discussion.