Jack Henry & Associates (JKHY) 10-K risk factor changes: FY2026 vs FY2025

Our services and infrastructure are [removed: increasingly] [added: heavily] reliant on the internet.

Those same parties may also attempt to fraudulently induce associates, clients, [removed: vendors,] [added: third-party service providers,] or other authorized users of our systems through phishing schemes or other social [added: engineering methods to disclose sensitive information to gain access to our data or that of our clients or their accountholders.]

[removed: Any such coordinated attacks, if] [added: When] successful, [removed: can lead to] [added: these coordinated attacks may result in] data [removed: loss and] [added: loss,] exfiltration, [added: and] disruption to systems and services, and [added: can] damage [removed: to] our reputation as a secure financial technology company.

We are also subject to the risk that our associates may, unintentionally or with malicious intent, intercept and transmit unauthorized confidential or proprietary information or that corporate-owned [removed: computers] [added: devices] used by associates are stolen, or client data media is lost in shipment.

An interception, misuse, or mishandling of personal, confidential, or proprietary information being sent to or received from a client or [removed: third party] [added: third-party] could result in legal liability, remediation costs, regulatory action, and reputational harm, any of which could adversely affect our results of operations and financial condition.

We [removed: anticipate that attempts to attack] [added: regularly experience attacks and other malicious activities targeting] our systems, services, [removed: and] infrastructure, and [added: data, as well as] those of our clients, third-party service [removed: providers] [added: providers,] and other [removed: vendors, will grow in frequency and sophistication.][added: vendors.]

We cannot be certain that our [removed: security controls and infrastructure will be adequate to continue to protect our systems and data and our] efforts [removed: may not] [added: will] be sufficient to combat all current and future technological risks and threats.

[removed: These risks are further heightened by] the fact that a significant portion of our associates and contractors work remotely outside of Company-controlled facilities using networks and devices that are not physically controlled by the Company, potentially limiting the effectiveness of our security controls.

We cannot ensure that any limitation-of-liability provisions in our client and user agreements, contracts with third-party [removed: vendors,] [added: service providers,] or other contracts are sufficient to protect us from liabilities or damages with respect to claims relating to a security breach or similar matters.

Failure to maintain sufficient technological infrastructure or an operational failure in our outsourcing facilities could expose us to damage claims, increase regulatory scrutiny, and cause us to lose clients. Our products and services require substantial investments in technological infrastructure, and we [removed: have experienced significant growth] [added: continue to grow] in the number of users, transactions, and data that our technological infrastructure supports.

Any significant interruption of service could reduce revenue, [removed: have a negative impact on] [added: harm] our [removed: reputation] and [removed: the reputation of] our [removed: clients,] [added: clients' reputations,] result in damage claims, [removed: lead our present] [added: cause current] and [removed: potential] [added: prospective] clients to choose [removed: other] [added: alternative] service providers, and [removed: lead to increased] [added: increase] regulatory scrutiny of the critical services we provide to financial institutions, [removed: with resulting increases in] [added: thereby increasing our] compliance [removed: burdens] [added: obligations] and costs.

If the continuity of operations, [added: the] integrity of [removed: processing,] [added: our processing systems,] or [added: our] ability to detect or prevent fraudulent payments were compromised in connection with payments transactions, [removed: we] [added: our clients’ operations] could [removed: suffer financial as well as reputational loss.][added: be disrupted or adversely affected.]

As we continue to move more computing, storage, and processing services out of our data centers and facilities and into third-party hosting [removed: environments,] [added: environments like public cloud infrastructure providers.as well as private cloud co-location facilities,] our reliance on these providers and their systems will increase.

While we have selected these third-party [removed: vendors carefully,] [added: service providers carefully and conduct ongoing diligence and monitoring,] we do not control their [removed: actions.][added: actions or operations.]

Such a failure could lead to damage claims, loss of clients, [removed: and] reputational harm, [added: increased costs, contractual disputes, regulatory scrutiny, and,] depending on the duration and severity of the [removed: failure.][added: failure, could have a material adverse effect on our business, financial condition, results of operations and cash flows.]

These third-party [removed: vendors] [added: service providers] are subject to similar risks as us including, but not limited to, compliance with applicable laws and regulations, hardware and software defects, breakdowns or malfunctions, cybersecurity incidents, human error, failures in internal controls, power losses, disruptions in telecommunications services, computer viruses or other malware, natural disasters or severe weather events, or other events.

One or more of our [removed: vendors] [added: third-party service providers] may experience a cybersecurity event or operational disruption and, if any such event does occur, it may not be adequately addressed, either operationally or financially, by the third-party [removed: vendor.][added: service provider.]

Certain of our [removed: vendors] [added: third-party service providers] may have limited indemnification obligations or may not have the financial capacity to satisfy their indemnification obligations.

If a critical [removed: vendor] [added: third-party service provider] is unable to meet our needs in a timely manner or if the services or products provided by such a [removed: vendor] [added: third-party service provider] are terminated or otherwise delayed and if we are not able to develop alternative sources for these services and products timely and cost-effectively, our clients could be negatively impacted, and it could have a material adverse effect on our business.

We operate in [removed: a] [added: highly] competitive [removed: business environment] and [added: rapidly evolving markets and] our business will be adversely affected if we fail to compete effectively. We vigorously compete with a variety of software vendors and service providers in all our major product lines.

If competitors offer more favorable pricing, payment or other contractual terms, warranties, or functionality, or otherwise attract our clients or prevent us from capturing new clients, we may need to lower prices or offer other terms that negatively impact our results of operations in order to [removed: successfully compete.]

We may experience increased costs for services from our third-party [removed: vendors] [added: service providers] due to inflation or other cost expansion, but because our client contracts typically have longer terms than our [removed: vendor] [added: third-party service provider] contracts, our ability to pass on those higher costs to clients may be limited.

[removed: Both state and federal regulations] [added: The regulatory landscape] relating to these [removed: emerging] technologies [removed: are] [added: is] quickly and constantly evolving and [removed: may require] [added: requires] significant resources to modify and maintain business practices to comply with [removed: U.S. laws, the nature of which cannot be determined at this time.][added: applicable laws.]

Our failure to accurately identify and address our responsibilities and liabilities in this new environment could negatively affect any solutions we develop incorporating such technology and could subject [removed: us to reputational harm, regulatory action, or litigation, which may harm our financial condition and operating results.]

As a supplier of software and services to financial institutions, portions of our operations are subject to ongoing supervision and examination by the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, [added: and] the Consumer Financial Protection [removed: Bureau, and the National Credit Union Association, among other regulatory agencies.][added: Bureau.]

These [removed: agencies] [added: federal agencies, and comparable state agencies,] regulate services we provide and the way we operate, and we are required to comply with a broad range of applicable federal and state laws and regulations.

[added: If regulators] identify significant issues, or if we fail to meet supervisory remediation expectations, we could be subject to regulatory actions that could harm our client relationships and reputation.

Compliance with [removed: new and existing] data privacy and cybersecurity laws, regulations, and rules may adversely impact our expenses, development, and strategy. We are subject to complex laws, rules, and regulations related to data privacy and [removed: cybersecurity.][added: cybersecurity, and each year, this regulatory landscape is rapidly changing.]

These laws often include industry-specific requirements and [removed: board] [added: broad] consumer data protection obligations.

While many of these frameworks share common [removed: principles] [added: principles,] each jurisdiction imposes unique compliance standards, definitions, and obligations that may not align with one another.

Further, the [removed: FTC] [added: Federal Trade Commission (“FTC")] and state attorneys general may interpret federal and state consumer protection laws as imposing standards for the collection, use, dissemination, and security of data.

Failure to comply or readily address compliance and regulatory rule changes made by payment card networks could adversely affect our business. We are subject to card association and network compliance rules governing the payment networks we serve, including Visa, MasterCard, Zelle, FedNow, and The Clearing House’s RTP network, and all rules governing the Payment Card [added: Industry] Data Security Standards.

We are unable to accurately predict the impact of such events on our business due to a number of uncertainties, including the duration, severity, geographic reach and governmental responses to such events, the impact on our clients’ and [removed: vendors'] [added: third-party service providers'] operations, and our ability to continue to provide products and services, including the ability of our associates to work remotely.

If the general economic environment worsens, including if inflation or interest rates [removed: continue to] increase or remain at higher than recent historical levels, or if conditions or regulatory requirements within the financial services industry change—such as if financial institutions are required to increase reserve amounts, become subject to new regulatory assessments, or if tariffs or other trade restrictions are imposed or [removed: increased—clients may be less willing or able to pay the cost of our products and services, and we could face a reduction in demand from current and potential clients for our products and services, which could have a material adverse effect on our business, results of operations, and financial condition.]

Consolidation and failures of financial institutions will continue to reduce the number of our clients and potential clients. Our primary market consists of approximately [removed: 4,440] [added: 4,300] commercial and savings banks and [removed: more than 4,550] [added: approximately 4,400] credit unions.

[removed: This] [added: A successful selective transaction] strategy depends on our ability to identify, negotiate, and finance suitable [removed: acquisitions.][added: opportunities on favorable terms.]

[removed: Acquisitions] [added: Any transactions we pursue] subject us to [removed: risks and may be costly] [added: operational, financial,] and [removed: difficult to integrate. Acquisitions] [added: integration risks. Strategic transactions] are difficult to evaluate, and our due diligence may not identify all potential liabilities or valuation issues.

We may not be able to successfully integrate acquired [removed: companies.][added: companies, products, or services.]

We may encounter problems with the integration of [added: these] new businesses, including: financial control and computer system compatibility; unanticipated costs and [removed: liabilities;] [added: liabilities, including inherited undiscovered liabilities such as past data breaches, cybersecurity vulnerabilities, or intellectual property infringement from the acquired entities;] unanticipated quality or client problems with acquired products or services; differing regulatory and industry standards; diversion of management's attention; adverse effects on existing business relationships with suppliers and clients; loss of key associates; and significant depreciation and amortization expenses related to acquired assets.

To finance [removed: future acquisitions,] [added: any such transactions,] we may have to increase our borrowing or sell equity or debt securities to the public.

Cybersecurity incidents, which, among other things, may result in unauthorized access to systems, service interruptions, malicious intrusions, exfiltration of data, ransomware, cyber-attacks, or operating failures, have become more sophisticated and more prevalent, have occurred in our systems in the past, and may occur in our systems in the future.

The increasing sophistication of frontier artificial intelligence models is reshaping the cyber-attack landscape.

The growing use of frontier AI models by unauthorized parties has changed the scale of cyber threats and speed and complexity of cyber-attacks, including automated phishing, deepfakes, the rapid development of new malware, and novel attack techniques targeting or leveraging AI systems and models.

Further, the use of frontier AI allows these parties to identify and exploit software vulnerabilities faster and more broadly than ever before, including attacks targeting zero-day vulnerabilities that might not have been identified, or identified as quickly, without the use of frontier AI.

The vulnerabilities targeted by these attacks are constantly evolving and can be difficult to identify, detect, prevent, or mitigate.

We utilize technology, including artificial intelligence-enabled tools, to help defend against cybersecurity threats.

However, threat actors are increasingly using similar technologies to identify vulnerabilities, automate attacks, and evade detection.

If our security capabilities fail to keep pace with the evolving methods used by threat actors, our systems, data, operations, and reputation could be adversely affected.

We have experienced phishing attacks, social engineering attempts, and other cybersecurity incidents targeting our associates, clients, and systems.

These activities continue to increase in frequency and sophistication.

Despite implementing security controls and infrastructure designed to protect our systems and data, we have experienced cybersecurity incidents in the past and may experience them in the future.

These risks are further heightened by

Advances in computer capabilities, breakthroughs in cryptography, the accelerating development, sophistication, and deployment of artificial intelligence technologies, or other technical developments could materially enhance the ability of threat actors to identify vulnerabilities, bypass controls, or otherwise compromise our systems, thereby rendering our security measures inadequate.

Such services are critical to our clients’ operations.

Any such disruption could result in financial losses, reputational damage, legal or regulatory consequences, and other adverse effects for both our clients and us.

The migration of our products and services to these new cloud-based systems is complex and requires substantial expenditures.

Furthermore, we face risks inherent in the conversion to any new system, including potential data loss and operational disruptions.

We rely on a limited number of third-party service providers that provide significant portions of our hosting and technology infrastructure.

Any disruption, capacity constraints, interference, failure, cybersecurity incident, service degradation, or other interruption of these services by a third-party service provider could result in degraded performance, data loss, or prolonged outages and adversely affect our operations and our ability to deliver services to clients.

We are also experiencing increasing competition from nontraditional market participants, including financial technology companies, payment-focused providers, and technology platforms that offer products, services, or alternative delivery models that compete with portions of our solutions.

Certain competitors may be able to devote greater financial resources to innovation, respond more rapidly to changing client demands, or accept business and operating risks that differ from our approach.

successfully compete.

Emerging technologies, evolving payment methods, and changing client preferences may alter how financial services products and services are delivered and consumed and could reduce demand for certain existing solutions or displace portions of traditional technology and payment processing models.

If we are unable to adapt our products and services to these developments in a timely and cost-effective manner, our competitive position, revenues, growth prospects, and results of operations could be adversely affected.

In addition, increased adoption of specialized point solutions may reduce demand for broader integrated offerings and result in the replacement of components of our existing product suite.

In addition, competitors and other third parties may incorporate artificial intelligence into products and offerings more quickly or more successfully than we do, which could impair our ability to compete effectively and adversely affect our results of operations.

Further, the ongoing tension between the states and the federal government regarding AI regulations is causing increased uncertainty and risk and compliance costs, particularly regarding the use of automated decision-making and other uses of AI technologies in high-risk industries, including the financial industry.

This uncertainty has a broader impact than simply AI-targeted regulations and may expose us to claims of privacy rights violations or providing inadequate cybersecurity protections.

Furthermore, the uncertainty in the regulatory environment and our development and use of generative AI technologies expose us to evolving intellectual property risks, including the potential misuse of proprietary or confidential inputs, infringement of third-party rights, and uncertainty regarding the ownership of AI-generated outputs.

us to reputational harm, regulatory action, or litigation, which may harm our financial condition and operating results.

Credit Unions are subject to supervision by the National Credit Union Administration.

Moreover, the legislative and regulatory landscape continues to evolve to include alternative payment types, including digital and cryptocurrencies.

The regulatory environment for crypto assets, stablecoins, and digital currencies is rapidly evolving, with increased oversight from federal and state regulatory agencies.

Recent developments, including the GENIUS Act, and other legislative initiatives, bring increased oversight and more robust compliance obligations including consumer protection, anti-money laundering, sanctions compliance, operational resilience and recordkeeping requirements.

We closely monitor legislative and regulatory changes to ensure any existing or new business models, product offerings, and risk and compliance programs adapt to new requirements.

Any failure to comply with such laws and regulations could expose us to liability, regulatory scrutiny and/or reputational damage.

Rapid changes to cryptocurrency laws and regulations could increase the costs and complexity of compliance, including associated recordkeeping costs, or could require us to change our business practices in a timeframe or manner adverse to our business.

As we make significant investments in research, development, and marketing for new products in emerging technologies in an uncertain and rapidly changing regulatory landscape, we may not achieve immediate or expected returns.

This environment imposes comprehensive data privacy compliance obligations in relation to our collection and use of personal information, including a principle of accountability and the obligation to demonstrate compliance through policies, procedures, training, and audits.

This environment imposes comprehensive data privacy and cybersecurity obligations in relation to our collection and use of personal information, including meeting specific cybersecurity standards and the obligation to demonstrate compliance through policies, procedures, training, and audits.

The use of artificial intelligence increasingly enabling their sophistication and accelerating their evolution, including through automated phishing and the rapid development of new malware, which continue to evolve and can be difficult to detect.

engineering methods to disclose sensitive information to gain access to our data or that of our clients or their accountholders.

Advances in computer capabilities, new discoveries in the field of cryptography, the use of artificial intelligence, or other events or developments may render our security measures inadequate.

This reliance is further concentrated as we use certain third-party vendors to provide large portions of our hosting needs.

A failure of these services by a third party could have a material impact upon our delivery of services to our clients.

If regulators

If we fail to comply with these rules and standards, we could be fined or our certifications could be suspended or terminated, which could limit our ability to service our clients and result in reductions in revenues and increased costs of operations.

Changes made by the networks, even when complied with, may result in reduction in revenues and increased costs of operations.

Our growth may be affected if we are unable to find or complete suitable acquisitions. We have augmented the growth of our business with a number of acquisitions and we plan to continue to acquire appropriate businesses, products, and services.

Merger and acquisition activity in our industry has affected the availability and pricing of such acquisitions.

If we are unable to acquire suitable acquisition candidates, we may experience slower growth.

Our current credit facilities bear interest at variable rates.

All dollar and share amounts, except per share amounts, are in thousands and discussions compare fiscal [removed: 2025] [added: 2026] to fiscal [removed: 2024.][added: 2025.]

Discussions of fiscal [removed: 2023] [added: 2024] items and comparisons between fiscal [removed: 2023] [added: 2024] and fiscal [removed: 2024] [added: 2025] that are not included in this Form 10-K can be found in Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended June 30, [removed: 2024.][added: 2025.]

Jack Henry & Associates, Inc. is a well-rounded financial technology company headquartered in Monett, Missouri, that employs approximately [removed: 7,240] [added: 7,300] full-time and part-time associates nationwide, and is a leading provider of technology solutions and payment processing services primarily to community and regional banks and credit unions.

Our solutions serve [removed: approximately 7,400] [added: over 7,200] clients and consist of integrated data processing systems solutions to banks ranging from de novo to multi-billion-dollar institutions with [removed: assets] up to $55 [removed: billion,] [added: billion in assets,] core data processing solutions for credit unions of all sizes, and [removed: non-core highly specialized] core-agnostic products and services that enable banks and credit unions of every asset size and charter, and diverse corporate entities outside the financial services industry, to mitigate and control risks, optimize revenue and growth opportunities, and contain costs.

We consistently measure [added: and monitor] client satisfaction using a variety of surveys, such as an annual survey on the client's anniversary date and randomly-generated [added: online] surveys initiated each day by routine support [removed: requests.][added: requests to ensure feedback is received throughout the year.]

Processing includes: "remittance" revenues from payment processing, remote capture, and ACH transactions; [added: "faster payments" revenues from electronic payment services,] "card" revenues, including card transaction processing and monthly fees; and "transaction and digital" revenues, which include transaction and mobile processing revenues.

We have four reportable segments: Core, Payments, Complementary, and Corporate [added: Services (which prior to the third quarter of fiscal 2026 was referred to as Corporate] and [removed: Other.][added: Other).]

FISCAL [removed: 2025] [added: 2026] COMPARED TO FISCAL [removed: 2024][added: 2025]

Reducing total revenue for deconversion revenue of [added: $42,830 in the current fiscal year and] $33,905 in the [added: prior fiscal year and for acquisition revenue of $5,193 in the] current fiscal year and [removed: $16,554] [added: revenue related to a contract change of $15,874] in the prior fiscal year, results in a [removed: 6.5%] [added: 7.3%] increase, or [removed: $142,394.][added: $170,807.]

This increase was mainly driven by [added: non-acquisition-related] growth in data processing and hosting within cloud revenue as new clients were added and volumes expanded, card processing revenue primarily from [removed: expanded fraud detection] [added: monthly service] and [removed: prevention] risk management [removed: services and monthly service] fees, [added: Jack Henry] digital [added: and transaction] revenue as active monthly users and volumes increased, and [added: faster payments and] payment processing [removed: revenue] [added: revenues] from expanding volumes and new client revenue.

[removed: The] [added: This] increase [removed: in operating expenses] was primarily due to higher [removed: direct costs generally commensurate with increases in the related lines of revenue, higher] personnel costs including increases in compensation costs during the trailing twelve months, [removed: and higher internal licenses and fees from price increases and more deployments] [added: increased direct costs generally commensurate with growth] in the [removed: current fiscal year.][added: related lines of revenue, and higher amortization of capitalized software.]

As we move into fiscal [removed: 2026 – our 50th year in business –] [added: 2027] we [removed: are] [added: continue to be] excited and confident about our future, and we remain well-positioned to deliver durable, consistent growth and attractive results for our shareholders.

[removed: Our] [added: We believe our] unwavering focus on culture, service, innovation, strategy, and execution continues to set us apart in the market and will enable us to drive continued [removed: industry-leading] revenue growth with strong margin expansion, benefiting our associates, clients, and shareholders.

A detailed discussion of the major components of the results of operations for the fiscal year ended June 30, [removed: 2025] [added: 2026] compared to the fiscal year ended June 30, [removed: 2024] [added: 2025] follows.

| Services and support | | | $ | [removed: 1,361,737] [added: 1,448,003] | | | | | $ | [removed: 1,275,954] [added: 1,361,737] | | | | | [removed: 6.7%] [added: 6.3%] | | |

| Percentage of total revenue | | | 57% | | | | | | [removed: 58%] [added: 57%] | | | | | | | | |

In the fiscal year ended June 30, [removed: 2025,] [added: 2026,] services and support revenue increased [removed: 6.7%] [added: 6.3%] compared to the prior fiscal year.

Reducing total services and support revenue by deconversion revenue for each year, which totaled [removed: $33,905] [added: $42,830] in fiscal [removed: 2025] [added: 2026] and [removed: $16,554] [added: $33,905] in fiscal [removed: 2024,] [added: 2025 and by revenue related to a contract change of $15,874,] services and support revenue grew [removed: 5.4%.][added: 7.1%.]

This increase was primarily driven by [removed: higher] [added: growth in] data processing and hosting [removed: within cloud] revenue [removed: as new clients were added and volumes expanded] [added: within private] and [removed: increased] [added: public cloud revenue, higher] consulting, work [removed: order,] [added: orders] and release [removed: revenues,] [added: fees revenue, a rise in implementation revenue, and increased license and hardware revenue] partially offset by the decrease in [removed: license and hardware revenues, year over year.][added: software usage revenue.]

| Percentage of total revenue | | | 43% | | | | | | [removed: 42%] [added: 43%] | | | | | | | | |

Processing revenue includes: "remittance" revenue from payment processing, remote capture, and ACH transactions; [added: "faster payments" revenues from electronic payment services,] "card" fees, including card transaction processing and monthly fees; and "transaction and digital" revenue, which includes transaction and mobile processing fees.

Processing revenue increased [removed: 7.9%] [added: 8.2%] for the fiscal year ended June 30, [removed: 2025,] [added: 2026,] compared to the fiscal year ended June 30, [removed: 2024.][added: 2025.]

This increase was [added: mainly] driven by growth in card [added: revenue] from [removed: expanded fraud detection] [added: monthly service] and [removed: prevention] risk management [removed: services and monthly service] fees, [added: improvement in Jack Henry] digital [removed: revenue as active monthly users] and [removed: volumes increased, and payment processing] [added: transaction] revenue from [removed: expanding volumes] [added: a higher number of active users on our digital platform,] and [removed: new client] [added: a rise in faster payments] revenue.

| Cost of revenue | | | $ | [removed: 1,360,747] [added: 1,433,651] | | | | | $ | [removed: 1,299,477] [added: 1,360,747] | | | | | [removed: 4.7%] [added: 5.4%] | | |

| Percentage of total revenue | | | [removed: 57%] [added: 56%] | | | | | | [removed: 59%] [added: 57%] | | | | | | | | |

Cost of revenue for fiscal [removed: 2025] [added: 2026] increased [removed: 4.7%] [added: 5.4%] compared to fiscal [removed: 2024.][added: 2025.]

Reducing total cost of revenue for deconversion costs of [added: $7,420 in the current fiscal year and] $3,517 in the [added: prior fiscal year and for acquisition costs in the] current fiscal year [added: of $6,225] and [removed: $2,231] [added: costs related to a contract change] in the prior fiscal year [added: of $13,516] results in a [removed: 4.6%] [added: 5.7%] increase.

This increase was [removed: driven by] [added: primarily due to] higher [added: personnel costs, including compensation and benefit costs, partially related to trailing twelve month headcount growth, higher] direct costs [added: generally] consistent with increases in [removed: the] related [removed: revenue and] [added: lines of revenue, as well as] higher [removed: personnel costs including increases in compensation costs during the trailing twelve months.][added: amortization of capitalized software and increased internal licenses and fees.]

Cost of revenue decreased [removed: 2%] [added: 1%] as a percentage of total revenue for fiscal [removed: 2025] [added: 2026] compared to fiscal [removed: 2024.][added: 2025.]

| Research and development | | | $ | [removed: 162,771] [added: 176,445] | | | | | $ | [removed: 148,256] [added: 162,771] | | | | | [removed: 9.8%] [added: 8.4%] | | |

Research and development expenses for fiscal [removed: 2025] [added: 2026] increased [removed: 9.8%] [added: 8.4%] compared to fiscal [removed: 2024.][added: 2025.]

This increase was primarily due to higher personnel [removed: costs] [added: costs,] including increased [removed: compensation] [added: medical] costs [added: due to second-half fiscal 2026 normalization trends] and [removed: employee headcount additions in the] [added: higher compensation tied to] trailing twelve [removed: months and internal license and fees expenses from price increases and more deployments in the current fiscal year.][added: month headcount growth.]

Research and development expense remained consistent as a percentage of total revenue for fiscal [removed: 2025] [added: 2026] compared to fiscal [removed: 2024.][added: 2025.]

| Selling, general, and administrative | | | $ | [removed: 283,055] [added: 299,210] | | | | | $ | [removed: 278,419] [added: 283,055] | | | | | [removed: 1.7%] [added: 5.7%] | | |

| Percentage of total revenue | | | 12% | | | | | | [removed: 13%] [added: 12%] | | | | | | | | |

Selling, general, and administrative expenses for fiscal [removed: 2025] [added: 2026] increased [removed: 1.7%] [added: 5.7%] compared to fiscal [removed: 2024.][added: 2025.]

Reducing total selling, general, and administrative expense for deconversion costs from each year, which totaled [removed: $2,725] [added: $5,457] in fiscal [removed: 2025] [added: 2026] and [removed: $1,177] [added: $2,725] in fiscal [removed: 2024] [added: 2025, a gain on assets of $6,829] and [removed: VEDIP program expenses] [added: acquisition costs] of [removed: $16,443] [added: $124] in the [removed: prior] [added: current] fiscal year, results in a [removed: 7.5%] [added: 7.2%] increase.

Selling, general, and administrative expenses [removed: decreased 1%] [added: remained consistent] as a percentage of total revenue for fiscal [removed: 2025] [added: 2026] compared to fiscal [removed: 2024.][added: 2025.]

| Interest income | | | $ | [removed: 27,759] [added: 23,144] | | | | | $ | [removed: 25,012] [added: 27,759] | | | | | [removed: 11.0%] [added: (16.6)%] | | |

| Interest expense | | | $ | [removed: (10,438)] [added: (5,387)] | | | | | $ | [removed: (16,384)] [added: (10,438)] | | | | | [removed: (36.3)%] [added: (48.4)%] | | |

In fiscal 2026, total revenue increased 7.1% or $169,051, compared to fiscal 2025.

Operating expenses increased 5.7%, or $102,733, in fiscal 2026 compared to fiscal 2025.

Reducing total operating expenses for deconversion costs of $12,878 in the current fiscal year and $6,242 in the prior fiscal year and for acquisition costs of $8,152 and a gain on assets of $6,829 in the current fiscal year and costs related to a contract change of $13,516 in the prior fiscal year, results in a 6.1% increase, or $108,291.

| | | | 2026 | | | | | | 2025 | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | | | |

| Processing | | | $ | 1,096,336 | | | | | $ | 1,013,551 | | | | | 8.2% | | |

| | | | 2026 | | | | | | 2025 | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | | | |

Reducing total research and development costs for acquisition costs in the current fiscal year of $1,803 results in a 7.3% increase.

| | | | 2026 | | | | | | 2025 | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | | | |

| | | | 2026 | | | | | | 2025 | | | | | | | | |

The increase in the Company's effective tax rate in fiscal 2026 compared to fiscal 2025 was primarily due to investment tax credit benefits recognized in fiscal 2025 that did not recur in fiscal 2026, as well as differences in the tax effects of stock-based compensation between the two periods.

| | | | 2026 | | | | | | 2025 | | | | | | | | |

The Corporate Services segment includes revenue and direct costs from hardware and other products and services and our technology infrastructure costs.

The Company's Chief Executive Officer, who is also the Company's chief operating decision maker ("CODM"), regularly evaluated segment performance and made strategic decisions on the allocation of resources to them based on various factors, including performance against trend, budget, and forecast for the fiscal years ended June 30, 2026, 2025, and 2024.

The CODM also used reportable segment revenue, costs of revenue, and segment income to evaluate segment performance and allocate resources.

The Company has not disclosed any additional asset information by segment, as the information is not generated for internal management reporting to the CODM.

During the fiscal year ended June 30, 2026, the Company realigned a product from the Corporate Services segment to the Complementary segment.

As a result of this realignment, adjustments were made during the fiscal year ended June 30, 2026, to reclassify related revenue and cost of revenue recognized for the fiscal years ended June 30, 2025 and 2024, from the Corporate Services segment to the Complementary segment.

Revenue reclassed for the fiscal years ended June 30, 2025 and 2024, was $13,209 and $12,402, respectively.

Cost of revenue reclassed for the fiscal years ended June 30, 2025 and 2024, was $2,970 and $2,840, respectively.

Revenue reclassed for the fiscal years ended June 30, 2025 and 2024, from the Core segment to the Complementary segment, was $6,353 and $5,471, respectively.

Cost of revenue reclassed for the fiscal years ended June 30, 2025 and 2024, from the Core segment to the Corporate Services segment, was $269 and $277, respectively.

| Core | | | Year Ended June 30, | | | | | | | | | | | | | | |

| Revenue | | | $ | 768,452 | | | | | 4.8% | | | | | | $ | 732,924 | |

| Cost of Revenue | | | $ | 304,886 | | | | | 3.3% | | | | | | $ | 295,239 | |

Reducing total Core revenue by deconversion revenue from both fiscal years, which totaled $16,605 in fiscal 2026 and $14,765 in fiscal 2025 and by revenue related to a contract change of $15,874 in the prior fiscal year, Core segment revenue increased 7.1%.

| Payments | | | Year Ended June 30, | | | | | | | | | | | | | | |

| | | | 2026 | | | | | | % Change | | | | | | 2025 | | |

| Revenue | | | $ | 936,006 | | | | | 7.2% | | | | | | $ | 873,498 | |

Reducing total Payments cost of revenue by deconversion cost of revenue from both fiscal years, which totaled $717 in the current fiscal year and $288 in the prior fiscal year and by acquisition cost of revenue of $5,854 in the current fiscal year, Payments segment cost of revenue increased 2.8%.

| Complementary | | | Year Ended June 30, | | | | | | | | | | | | | | |

| | | | 2026 | | | | | | % Change | | | | | | 2025 | | |

| Revenue | | | $ | 752,214 | | | | | 8.3% | | | | | | $ | 694,771 | |

| Cost of Revenue | | | $ | 286,726 | | | | | 6.3% | | | | | | $ | 269,657 | |

personnel costs, including compensation and benefit costs, partially related to trailing twelve month headcount growth.

| Corporate Services | | | Year Ended June 30, | | | | | | | | | | | | | | |

| | | | 2026 | | | | | | % Change | | | | | | 2025 | | |

| Revenue | | | $ | 87,667 | | | | | 18.3% | | | | | | $ | 74,095 | |

In fiscal 2025, total revenue increased 7.2% or $159,745, compared to fiscal 2024.

Operating expenses increased 4.7%, or $80,421, in fiscal 2025 compared to fiscal 2024.

Reducing total operating expenses for deconversion costs of $6,242 in the current fiscal year and $3,408 in the prior fiscal year and for VEDIP related costs of $16,443 in the prior fiscal year, results in a 5.5% increase, or $94,031 (The VEDIP program was a Company voluntary separation program offered to certain eligible associates who chose to participate in the program from July through December 2023, including immaterial payments that continued into calendar 2024).

| | | | 2025 | | | | | | 2024 | | | | | | | | |

| Processing | | | $ | 1,013,551 | | | | | $ | 939,589 | | | | | 7.9% | | |

This increase was primarily due to higher personnel costs, excluding severance, including increased compensation and employee headcount additions in the trailing twelve months, increased travel expenses, and higher contract labor, partially offset by the gain on the sale of assets in the current fiscal year compared to the loss on the sale of assets last fiscal year.

The decrease in the Company's effective tax rate in fiscal 2025 compared to fiscal 2024 was the result of differences in the change in uncertain tax positions between the two periods as well as a favorable state law change in the current fiscal year.

The Company is a well-rounded financial technology company and is a leading provider of technology solutions and payment processing services primarily to community and regional banks and credit unions.

The Corporate and Other segment includes revenue and costs from hardware and other products not attributed to any of the other three segments, as well as operating expenses not directly attributable to the other three segments.

The Company evaluates the performance of its segments and allocates resources to them based on various factors, including performance against trend, budget, and forecast.

Only revenue and costs of revenue are considered in the evaluation for each segment.

| Core | | | | | | | | | | | | | | | | | |

| Revenue | | | $ | 739,277 | | | | | 7.0% | | | | | | $ | 690,738 | |

| Cost of Revenue | | | $ | 297,372 | | | | | 3.5% | | | | | | $ | 287,349 | |

| Payments | | | | | | | | | | | | | | | | | |

| Revenue | | | $ | 873,498 | | | | | 6.8% | | | | | | $ | 817,708 | |

| Complementary | | | | | | | | | | | | | | | | | |

| Revenue | | | $ | 675,209 | | | | | 9.2% | | | | | | $ | 618,211 | |

| Cost of Revenue | | | $ | 264,823 | | | | | 5.5% | | | | | | $ | 251,085 | |

| Corporate and Other | | | | | | | | | | | | | | | | | |

| Revenue | | | $ | 87,304 | | | | | (1.8)% | | | | | | $ | 88,886 | |

| Cost of Revenue | | | $ | 338,401 | | | | | 6.1% | | | | | | $ | 318,959 | |

Revenue in the Corporate and Other segment decreased 1.8% for fiscal 2025 compared to fiscal 2024.

Reducing total Corporate and Other revenue by deconversion revenue from both fiscal years, which totaled $272 in fiscal 2025 and $209 in fiscal 2024, Corporate and Other segment revenue decreased 1.9%.

Cost of revenue for the Corporate and Other segment includes operating expenses not directly attributable to any of the other three segments and increased 6.1% for fiscal 2025 compared to fiscal 2024.

Deconversion and/or severance costs did not significantly affect Corporate and Other cost of revenue fiscal year over fiscal year.

| | | | 2025 | | | | | | 2024 | | |

Financing activities used cash in fiscal 2024 of $301,835 and included $155,877 for dividends paid to stockholders; borrowings and repayments on our revolving credit facility which netted to repayments of $125,000; and $28,055 for the purchase of treasury shares.

Included in off-balance sheet contractual purchase obligations was the strategic services agreement that offers full-service debit and credit card processing on a single platform to our customers.

This agreement was signed in fiscal 2017 and amended in May 2025 to add two additional service years and $213,053 to contractual obligations, bringing the total remaining purchase commitment at June 30, 2025 to $1,022,283 over the remaining term of the contract, which now extends to January 2038, subject to certain renewal terms.

The Act also permanently extends key provisions from the Tax Cuts and Jobs Act (TCJA).

As the legislation was enacted after the June 30, 2025, balance sheet date, the financial implications are not included in the current fiscal year's financial statements.

The Company is in the process of assessing the impacts of the new law and plans to incorporate updates in the financial results next fiscal year beginning in the quarter ending September 30, 2025.

The credit facility terminates August 31, 2027.

*Term loan facility*

On May 16, 2023, the Company entered into a term loan credit agreement with a syndicate of financial institutions, with an original principal balance of $180,000.

The term loan credit agreement was guaranteed by certain subsidiaries of the Company

The term loan credit agreement matured on May 16, 2025, and at the maturity date the Company was in compliance with all such covenants.

There was $0 and $90,000 outstanding under the term loan at June 30, 2025, and June 30, 2024, respectively.

On October 31, 2024, the Company entered into a discretionary line of credit demand note, which provides for funding of up to $50,000 and bears interest at the prime rate *less* 2.0%.

Dollar amounts in this item are in thousands.

We had $40,000 outstanding debt with variable interest rates as of June 30, 2026, and a 1% increase in our borrowing rate would increase our annual interest expense by $400.

We have no outstanding debt with variable interest rates as of June 30, 2025 and are therefore not currently exposed to interest rate risk.

For [removed: nearly] 50 years, we have provided technology solutions to help banks and credit unions innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders.

We empower [removed: approximately 7,400] [added: over 7,200] financial institutions and diverse corporate entities with people-inspired innovation, personal service, and insight-driven solutions.

- Core bank integrated data processing systems are provided to over [removed: 950] [added: 900] banks.

- Core credit union data processing solutions are provided to credit unions of all sizes, with a client base of [removed: approximately 715] [added: over 700] credit unions.

- [removed: Non-core highly specialized core-agnostic] [added: Core-agnostic] products and services are also provided to banks and credit unions.

These products and services enhance the performance of [removed: traditional] banks and credit unions of all asset sizes and charters, and non-traditional diverse corporate entities.

In total, we serve approximately [removed: 1,670 bank and credit union core clients and over 5,710] [added: 5,600] non-core clients.

We believe this process ensures we understand the Voice of the Customer [removed: which] [added: and] contributes to our excellent retention rates.

We [removed: are focused] [added: focus] on [removed: establishing] [added: building] long-term client [removed: relationships,] [added: relationships and] continually expanding and strengthening [removed: those relationships.][added: them.]

We do [removed: so with cross sales of additional] [added: this through providing] products and services [removed: that support] [added: aligned with] our clients' [removed: strategy, earning] [added: strategies, acquiring] new financial and non-financial clients, and ensuring our [removed: product] offerings [removed: are] [added: remain] highly competitive.

Our core banking solutions generally serve commercial banks and savings institutions [removed: with up to $55 billion and above in assets and are designed] [added: from de novo banks] to [removed: be capable of serving institutions] [added: those] with up to [removed: $150] [added: $55] billion in assets.

We complete annual, third-party testing to validate [removed: this capability each August.][added: our scalability.]

According to the Federal Deposit Insurance Corporation (“FDIC”), there were approximately [removed: 4,440] [added: 4,300] commercial banks and savings institutions in the $55 billion and under asset range as of December 31, [removed: 2024,] [added: 2025,] and we currently support over [removed: 950] [added: 900] of these banks with one of our three core information processing platforms and a significant number of complementary/payment products and services.

According to America's Credit Unions ("ACU") (formerly Credit Union National Association), there were [removed: 4,550] [added: approximately 4,400] domestic credit unions as of December 31, [removed: 2024,] [added: 2025,] and we currently support [removed: approximately 715] [added: over 700] of these credit unions with one flagship core information processing platform and a significant number of complementary/payment products and services.

Our [removed: non-core] [added: core agnostic] solutions serve banks and credit unions of all asset sizes and charters and other diverse corporate entities.

The FDIC reports the number of commercial banks and savings institutions declined 13% from the end of calendar year [removed: 2019] [added: 2020] to the end of calendar year [removed: 2024,] [added: 2025,] due mainly to mergers and acquisitions.

Although the number of banks continued to decline at a 3% compound annual rate during this period, aggregate assets increased at a compound annual rate of [removed: 5%] [added: 3%] and totaled [removed: $24.1] [added: $25.3] trillion as of December 31, [removed: 2024.][added: 2025.]

There were [removed: six] [added: four] new bank charters issued in calendar year [removed: 2024] [added: 2025] and six issued in the [removed: 2023] [added: 2024] calendar year.

Comparing calendar years [removed: 2024] [added: 2025] to [removed: 2023,] [added: 2024,] the number of transactions of FDIC-insured banks acquiring or merging with other banks or credit unions [removed: decreased 18%.][added: increased 55%.]

ACU reports the number of credit unions declined [removed: 15%] [added: 16%] from the end of calendar year [removed: 2019] [added: 2020] to the end of calendar year [removed: 2024.][added: 2025.]

Although the number of credit unions declined at a 3% compound annual rate during this period, aggregate assets increased at a compound annual rate of [removed: 8%] [added: 6%] and totaled [removed: $2.3] [added: $2.5] trillion as of December 31, [removed: 2024.][added: 2025.]

[removed: Furthermore,] [added: Despite continued industry consolidation,] the average assets under management for our banking core clients grew from [removed: $1.26] [added: $1.29] billion to [removed: $1.29] [added: $1.42] billion, and the average assets under management for our credit union core clients grew from [removed: $1.17] [added: $1.20] billion to [removed: $1.20] [added: $1.31] billion.

Bank and credit union accountholders rely on these institutions to provide personalized, relationship-based [removed: service] [added: service,] and competitive financial products and services available through the accountholders' delivery channel of choice.

- Delivering [removed: non-core] highly specialized core-agnostic complementary/payment products and services to banks and credit unions, including institutions not utilizing one of our core processing systems, and diverse corporate entities.

- Growing our market share of services to small and medium-sized [removed: businesses] [added: businesses,] offering features through banks and credit unions.

We have a disciplined approach to acquisitions and have been successful in supplementing our organic growth with [removed: 35] [added: 36] strategic acquisitions since the end of fiscal year 1999.

After [removed: nearly] 50 years in business, we have very few gaps in our product line, so it is increasingly difficult to find proven products or services that would enable our clients and prospects to better optimize their business opportunities or solve specific operational issues.

[added: In addition, we see few acquisition opportunities that would] expand our market or enable our entry into adjacent markets within the financial services industry that are fairly priced or that we could assimilate into our Company without material distractions.

[removed: Our credit union solution can be] delivered on-premise, through our private cloud, or through our partner private cloud delivery models.

- Our [removed: non-core] [added: core agnostic] solutions for banks, credit unions, and diverse corporate entities are specialized products and services assembled primarily through our focused diversification acquisition strategy.

Our [removed: non-core] [added: core agnostic] products and services enhance the performance of banks and credit unions of all asset sizes and charters, and diverse corporate entities.

- [removed: SilverLake] [added: SilverLake] System®, a robust system primarily designed for commercial-focused banks that currently serves banks with assets ranging from $1 billion to [removed: over] [added: up to] $55 billion.

This system is in use by [removed: 520] [added: over 500] banks, and now serves [removed: nearly 12%] [added: approximately 13%] of the domestic banks in the $55 billion and under asset range.

- CIF 20/20®, a parameter-driven, easy-to-use system that now supports [removed: 260] [added: over 200] banks ranging from de novo institutions to those with assets of [removed: $6] [added: over $1] billion.

- Core Director®, a cost-efficient system with point-and-click operation that now supports [removed: over 170] [added: approximately 200] banks ranging from de novo institutions to those with assets of [added: over] $2 billion.

It has been implemented by [removed: approximately 715] [added: over 700] credit unions with assets ranging from [removed: $20] [added: $21] million to [removed: $33] [added: over $36] billion, and according to National Credit Union Administration ("NCUA") data, is the system implemented by more credit unions with assets exceeding [removed: $25] [added: $100] million than any other credit union core system.

We have a large number of [removed: complementary/payment] [added: complementary] products and services that are targeted to our core banks and credit unions.

These [removed: complementary/payment] [added: complementary] solutions enable core bank and credit union clients to respond to evolving accountholder demands, expedite speed-to-market with competitive offerings, increase efficiency, address specific operational needs, and generate new revenue streams.

We regularly introduce new products and services based on demand for integrated [removed: complementary/payment] [added: complementary] solutions from our existing core clients and based on the growing demand among banks, credit unions, and corporate entities for specialized solutions capable of increasing revenue and growth opportunities, mitigating and controlling operational risks, and/or containing costs.

Our new [removed: complementary/payment] [added: complementary] products and services are developed internally, acquired, or provided through strategic alliances.

Our products and solutions are designed to support banks and credit unions of all asset sizes.

Today, we support core clients with up to $55 billion in assets, payments clients with up to $200 billion and above in assets, and complementary clients with up to $500 billion and above in assets.

- Expanding market share and adoption of payments capabilities and digital solutions.

- Harnessing artificial intelligence ("AI") to boost internal efficiency and unlock new benefits for clients.

- Fostering an open ecosystem and access to high-grade fintechs.

The Jack Henry Platform also serves as a connective layer across our existing core systems, linking foundational core capabilities with newer, rapidly evolving innovations.

By providing a unified integration framework, the platform enables solutions such as stablecoin capabilities, Rapid Transfers, and Tap2LocalTM to seamlessly extend across our core environments — allowing clients to adopt new functionality without disrupting their core operations.

Small and Medium-Sized Business (SMB) Strategy

We are focused on helping banks and credit unions grow and better serve their SMB customers by delivering innovative, easy-to-adopt capabilities that enhance payment experiences and improve cash flow management.

A key component of this strategy is expanding access to modern, embedded payment capabilities that are purpose-built for how SMBs and their customers transact today.

Tap2LocalTM enables secure, in-person payments by allowing businesses to accept transactions directly through compatible mobile devices, reducing the need for dedicated hardware and simplifying the payment experience.

This functionality helps small businesses more easily accept payments in a variety of settings while maintaining a seamless and secure connection to their financial institution.

Rapid Transfers complements this capability by enabling faster movement of funds for both SMBs and consumers.

By accelerating the availability of funds, Rapid Transfers helps improve liquidity, support more efficient cash flow management, and meet growing expectations for instant access to money.

Together, these capabilities allow banks and credit unions to offer modern payment experiences that strengthen relationships with both business and retail accountholders.

| 2026 | | | Victor Technologies, Inc. ("Victor") | | | Provider of cloud-native, API-first direct-to-core embedded payments solutions. | | |

Our credit union solution can be

- Industry experts to offer best practice technology and operational consulting services.

We currently sell IBM Power Systems™;

- Payments Orchestrator ("PO") is a modern API-first, direct-to-core embedded payments platform, for large corporate and bank-fintech partnerships that accelerate growth.

It supports multiple payment rails to deliver instant payments, ACH processing, and wire transfers on a single API platform.

PO embeds highly scalable Virtual Accounts with real-time reconciliation of inbound and outbound payments, and built agnostically to directly integrate with a core (currently today, integrates directly with Jack Henry SilverLake System®) for streamlined efficiency and a single source of truth.

compliance meetings and the necessary product changes are included in the ongoing product development cycle.

Despite continued industry consolidation, Jack Henry net core footprints increased year-over-year from calendar year 2023 to calendar year 2024 in both bank and credit union client bases.

In addition, we see few acquisition opportunities that would

| 2023 | | | Payrailz, LLC ("Payrailz") | | | Provider of cloud-native modern digital payment capabilities leveraging AI and machine learning features for the financial services industry. | | |

manage the implementation process and ensure that all data is transferred from the legacy system to the Jack Henry system.

includes supporting tools for accounts receivable posting, risk management, reporting, and application interfaces ("APIs") for banks, credit unions, businesses, and fintechs of all sizes.

- Payments as a Service ("PaaS") supports embedded payment capabilities and ties together and further enhances the complete array of electronic payments functionality with a front-end Payments Developers Experience Portal, APIs, and back-end data analytics.

financial resources.

subject to periodic reviews by FBA regulators who have broad supervisory authority to remedy any shortcomings identified in such reviews.

Career mobility

For the fiscal year ended June 30, [removed: 2025][added: 2026]

On December 31, [removed: 2024,] [added: 2025,] the aggregate market value of the Common Stock held by persons other than those who may be deemed affiliates of Registrant was [removed: $12,705,842,343] [added: $13,092,756,060] (based on the closing stock price on Nasdaq on December 31, [removed: 2024).][added: 2025).]

As of August [removed: 8, 2025,] [added: 12, 2026,] the Registrant had [removed: 72,871,385] [added: 70,112,608] shares of Common Stock outstanding ($0.01 par value).

Portions of the Company's Proxy Statement for its [removed: 2025] [added: 2026] Annual Meeting of Stockholders (the "Proxy Statement") are incorporated by reference into Part III of this Report to the extent stated herein.

Such Proxy Statement will be filed with the Securities and Exchange Commission ("SEC") within 120 days of the Company's fiscal year ended June 30, [removed: 2025.][added: 2026.]

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| ITEM 8. | | | [FINANCIAL STATEMENTS AND SUPPLEMENTARY [removed: DATA](#i39c2cc772b5e45f5ba0faf8b0c7c9075_67)] [added: DATA](#i554d29595b094848a6b33c173e90eaa1_67)] | | | [removed: [34](#i39c2cc772b5e45f5ba0faf8b0c7c9075_67)] [added: [37](#i554d29595b094848a6b33c173e90eaa1_67)] | | |

| ITEM 9. | | | [CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL [removed: DISCLOSURE](#i39c2cc772b5e45f5ba0faf8b0c7c9075_166)] [added: DISCLOSURE](#i554d29595b094848a6b33c173e90eaa1_166)] | | | [removed: [61](#i39c2cc772b5e45f5ba0faf8b0c7c9075_166)] [added: [65](#i554d29595b094848a6b33c173e90eaa1_166)] | | |

| ITEM 9A. | | | [CONTROLS AND [removed: PROCEDURES](#i39c2cc772b5e45f5ba0faf8b0c7c9075_169)] [added: PROCEDURES](#i554d29595b094848a6b33c173e90eaa1_169)] | | | [removed: [61](#i39c2cc772b5e45f5ba0faf8b0c7c9075_169)] [added: [65](#i554d29595b094848a6b33c173e90eaa1_169)] | | |

| ITEM 9B. | | | [OTHER [removed: INFORMATION](#i39c2cc772b5e45f5ba0faf8b0c7c9075_172)] [added: INFORMATION](#i554d29595b094848a6b33c173e90eaa1_172)] | | | [removed: [61](#i39c2cc772b5e45f5ba0faf8b0c7c9075_172)] [added: [66](#i554d29595b094848a6b33c173e90eaa1_172)] | | |

| ITEM 9C. | | | [DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT [removed: INSPECTIONS](#i39c2cc772b5e45f5ba0faf8b0c7c9075_175)] [added: INSPECTIONS](#i554d29595b094848a6b33c173e90eaa1_175)] | | | [removed: [61](#i39c2cc772b5e45f5ba0faf8b0c7c9075_175)] [added: [66](#i554d29595b094848a6b33c173e90eaa1_175)] | | |

| ITEM 10. | | | [DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE [removed: GOVERNANCE](#i39c2cc772b5e45f5ba0faf8b0c7c9075_181)] [added: GOVERNANCE](#i554d29595b094848a6b33c173e90eaa1_181)] | | | [removed: [62](#i39c2cc772b5e45f5ba0faf8b0c7c9075_181)] [added: [67](#i554d29595b094848a6b33c173e90eaa1_181)] | | |

| ITEM 11. | | | [EXECUTIVE [removed: COMPENSATION](#i39c2cc772b5e45f5ba0faf8b0c7c9075_184)] [added: COMPENSATION](#i554d29595b094848a6b33c173e90eaa1_184)] | | | [removed: [62](#i39c2cc772b5e45f5ba0faf8b0c7c9075_184)] [added: [67](#i554d29595b094848a6b33c173e90eaa1_184)] | | |

| ITEM 12. | | | [SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER [removed: MATTERS](#i39c2cc772b5e45f5ba0faf8b0c7c9075_187)] [added: MATTERS](#i554d29595b094848a6b33c173e90eaa1_187)] | | | [removed: [62](#i39c2cc772b5e45f5ba0faf8b0c7c9075_187)] [added: [67](#i554d29595b094848a6b33c173e90eaa1_187)] | | |

| ITEM 13. | | | [CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR [removed: INDEPENDENCE](#i39c2cc772b5e45f5ba0faf8b0c7c9075_190)] [added: INDEPENDENCE](#i554d29595b094848a6b33c173e90eaa1_190)] | | | [removed: [62](#i39c2cc772b5e45f5ba0faf8b0c7c9075_190)] [added: [67](#i554d29595b094848a6b33c173e90eaa1_190)] | | |

| ITEM 14. | | | [PRINCIPAL ACCOUNTANT FEES AND [removed: SERVICES](#i39c2cc772b5e45f5ba0faf8b0c7c9075_193)] [added: SERVICES](#i554d29595b094848a6b33c173e90eaa1_193)] | | | [removed: [62](#i39c2cc772b5e45f5ba0faf8b0c7c9075_193)] [added: [67](#i554d29595b094848a6b33c173e90eaa1_193)] | | |

| ITEM 15 | | | [EXHIBITS AND FINANCIAL STATEMENT [removed: SCHEDULES](#i39c2cc772b5e45f5ba0faf8b0c7c9075_199)] [added: SCHEDULES](#i554d29595b094848a6b33c173e90eaa1_199)] | | | [removed: [63](#i39c2cc772b5e45f5ba0faf8b0c7c9075_199)] [added: [68](#i554d29595b094848a6b33c173e90eaa1_199)] | | |

| ITEM 16 | | | [FORM 10-K [removed: SUMMARY](#i39c2cc772b5e45f5ba0faf8b0c7c9075_202)] [added: SUMMARY](#i554d29595b094848a6b33c173e90eaa1_202)] | | | [removed: [65](#i39c2cc772b5e45f5ba0faf8b0c7c9075_202)] [added: [70](#i554d29595b094848a6b33c173e90eaa1_202)] | | |

It includes continuous enterprise monitoring and well-defined and regularly tested business [added: resilience and incident response procedures.]

[removed: In fiscal year 2025,] [added: As of the date of this filing,] we [removed: did] [added: have] not [removed: identify] [added: determined that] any [added: known] cybersecurity [removed: threats,] [added: threat,] including those arising from prior incidents, [removed: that] [added: has] materially [removed: affected] [added: affected, or is reasonably likely to materially affect,] our business strategy, results of operations, or financial condition.

This Committee [added: includes members with specific experience in technology and cybersecurity oversight.This Committee] oversees Jack Henry’s risk assessment and management programs and reviews risk preparedness.

In today's interconnected environment, information is inherently exposed to a wide range of risks, threats, and vulnerabilities.

resilience and incident response procedures.

We also own buildings in Allen, Texas; Birmingham, Alabama; [removed: Lenexa, Kansas;] Angola, Indiana; Shawnee Mission, Kansas; and Springfield, Missouri.

Our owned facilities represent approximately [removed: 795,000] [added: 653,000] square feet of office space in five states.

We have [removed: 17] [added: 16] leased office facilities in 13 states, which total approximately [removed: 445,000] [added: 402,000] square feet.

[removed: The remaining] [added: All our] owned and leased office facilities are for normal business purposes.

Of this total, approximately 54,700 square feet relates to our

Elizabethtown, Kentucky leased office facility of which approximately 50,900 square feet is subleased.

On August [removed: 8, 2025,] [added: 12, 2026,] there were approximately [removed: 347,295] [added: 299,461] holders of the Company’s common stock, including individual participants in security position listings.

The following shares of the Company were repurchased during the quarter ended June 30, [removed: 2025:][added: 2026:]

(1) Total stock repurchase authorizations approved by the Company's Board of Directors as of May [removed: 14, 2021] [added: 8, 2026] were for [removed: 35.0] [added: 40.0] million [added: shares, which includes an authorization on that date of an additional 5.0 million] shares.

Under these authorizations, the Company has repurchased and not re-issued [removed: 31,579,598] [added: 34,526,862] shares and has repurchased and re-issued 9,384 shares.

The following chart presents a comparison for the five-year period ended June 30, [removed: 2025,] [added: 2026,] of the market performance of the Company’s common stock with the Standard & Poor's 500 ("S&P 500") Index and the Standard & Poor's Composite 1500 Software & Services ("S&P 1500 Software & Services") Index.

[removed: ][added: ]

| | | | [removed: 2020 | | |] 2021 | | | 2022 | | | 2023 | | | 2024 | | | 2025 | | | [added: 2026 | | |]

This comparison assumes $100 was invested on June 30, [removed: 2020,] [added: 2021,] and assumes reinvestments of dividends.

| April 1, 2026 - April 30, 2026 | | | 158,770 | | | | | | $162.14 | | | | | | 158,770 | | | | | | 1,471,178 | | |

| May 1, 2026 - May 31, 2026 | | | 622,396 | | | | | | $140.67 | | | | | | 622,396 | | | | | | 5,848,782 | | |

| June 1, 2026 - June 30, 2026 | | | 385,028 | | | | | | $131.06 | | | | | | 385,028 | | | | | | 5,463,754 | | |

| Total | | | 1,166,194 | | | | | | $140.42 | | | | | | 1,166,194 | | | | | | 5,463,754 | | |

| JKHY | | | 100.00 | | | 111.31 | | | 104.69 | | | 105.24 | | | 115.67 | | | 89.76 | | |

| S&P 500 | | | 100.00 | | | 89.38 | | | 106.90 | | | 133.15 | | | 153.34 | | | 187.57 | | |

| S&P Composite 1500 Software & Services | | | 100.00 | | | 83.56 | | | 108.45 | | | 138.00 | | | 161.76 | | | 125.48 | | |

| April 1 — April 30, 2025 | | | — | | | | | | $ | | | | | | — | | | | | | 3,411,018 | | |

| May 1 — May 31, 2025 | | | — | | | | | | $ | | | | | | — | | | | | | 3,411,018 | | |

| June 1 — June 30, 2025 | | | — | | | | | | $ | | | | | | — | | | | | | 3,411,018 | | |

| Total | | | — | | | | | | $ | | | | | | — | | | | | | 3,411,018 | | |

| JKHY | | | 100.00 | | | 89.86 | | | 100.03 | | | 94.07 | | | 94.57 | | | 103.95 | | |

| S&P 500 | | | 100.00 | | | 140.79 | | | 125.85 | | | 150.51 | | | 187.47 | | | 215.89 | | |

| S&P Composite 1500 Software & Services | | | 100.00 | | | 133.46 | | | 111.53 | | | 144.74 | | | 184.18 | | | 215.90 | | |

| | | | [Report of Independent Registered Public Accounting [removed: Firm](#i39c2cc772b5e45f5ba0faf8b0c7c9075_73)] [added: Firm](#i554d29595b094848a6b33c173e90eaa1_73)] | | | [removed: [35](#i39c2cc772b5e45f5ba0faf8b0c7c9075_73)] [added: [38](#i554d29595b094848a6b33c173e90eaa1_73)] | | |

| | | | [Management's Annual Report on Internal Control over Financial [removed: Reporting](#i39c2cc772b5e45f5ba0faf8b0c7c9075_76)] [added: Reporting](#i554d29595b094848a6b33c173e90eaa1_76)] | | | [removed: [37](#i39c2cc772b5e45f5ba0faf8b0c7c9075_76)] [added: [40](#i554d29595b094848a6b33c173e90eaa1_76)] | | |

| | | | [Consolidated Statements of [removed: Income,](#i39c2cc772b5e45f5ba0faf8b0c7c9075_79)] [added: Income,](#i554d29595b094848a6b33c173e90eaa1_79)] | | | | | |

| | | | Years Ended June 30, [added: 2026,] 2025, [removed: 2024,] and [removed: 2023] [added: 2024] | | | [removed: [38](#i39c2cc772b5e45f5ba0faf8b0c7c9075_79)] [added: [41](#i554d29595b094848a6b33c173e90eaa1_79)] | | |

| | | | [Consolidated Balance [removed: Sheets,](#i39c2cc772b5e45f5ba0faf8b0c7c9075_82)] [added: Sheets,](#i554d29595b094848a6b33c173e90eaa1_82)] | | | | | |

| | | | [added: Years Ended] June 30, [added: 2026,] 2025, and 2024 | | | [removed: [39](#i39c2cc772b5e45f5ba0faf8b0c7c9075_82)] [added: [43](#i554d29595b094848a6b33c173e90eaa1_85)] | | |

| | | | [Consolidated Statements of Changes in Stockholders' [removed: Equity,](#i39c2cc772b5e45f5ba0faf8b0c7c9075_85)] [added: Equity,](#i554d29595b094848a6b33c173e90eaa1_85)] | | | | | |

| | | | Years Ended June 30, [added: 2026,] 2025, [removed: 2024,] and [removed: 2023] [added: 2024] | | | [removed: [40](#i39c2cc772b5e45f5ba0faf8b0c7c9075_85)] [added: [44](#i554d29595b094848a6b33c173e90eaa1_88)] | | |

| | | | [Consolidated Statements of Cash [removed: Flows,](#i39c2cc772b5e45f5ba0faf8b0c7c9075_88)] [added: Flows,](#i554d29595b094848a6b33c173e90eaa1_88)] | | | | | |

| | | | [Notes to Consolidated Financial [removed: Statements](#i39c2cc772b5e45f5ba0faf8b0c7c9075_91)] [added: Statements](#i554d29595b094848a6b33c173e90eaa1_91)] | | | [removed: [42](#i39c2cc772b5e45f5ba0faf8b0c7c9075_91)] [added: [45](#i554d29595b094848a6b33c173e90eaa1_91)] | | |

We have audited the accompanying consolidated balance sheets of Jack Henry & Associates, Inc. and its subsidiaries (the "Company") as of June 30, [removed: 2025] [added: 2026] and [removed: 2024,] [added: 2025,] and the related consolidated statements of income, of changes in stockholders’ equity and of cash flows for each of the three years in the period ended June 30, [removed: 2025,] [added: 2026,] including the related notes (collectively referred to as the "consolidated financial statements").

We also have audited the Company's internal control over financial reporting as of June 30, [removed: 2025,] [added: 2026,] based on criteria established in *Internal Control - Integrated Framework* (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of June 30, [removed: 2025] [added: 2026] and [removed: 2024,] [added: 2025,] and the results of its operations and its cash flows for each of the three years in the period ended June 30, [removed: 2025] [added: 2026] in conformity with accounting principles generally accepted in the United States of America.

Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of June 30, [removed: 2025,] [added: 2026,] based on criteria established in *Internal Control - Integrated Framework* (2013) issued by the COSO.

The Company's management is responsible for these consolidated financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in [removed: the accompanying] Management’s Annual Report on Internal Control over Financial [removed: Reporting.][added: Reporting appearing under Item 9A.]

*Revenue Recognition [removed: -] [added: –] estimating variable consideration*

As described in Notes 1 and 2 to the consolidated financial statements, the Company recorded revenue of [removed: $2.375] [added: $2.544] billion for the year ended June 30, [removed: 2025.][added: 2026.]

As of June 30, [removed: 2025,] [added: 2026,] management conducted an assessment of the effectiveness of the Company’s internal control over financial reporting based on the framework established in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO").

Based on this assessment, management has concluded the Company’s internal control over financial reporting as of June 30, [removed: 2025,] [added: 2026,] was effective.

The Company’s internal control over financial reporting as of June 30, [removed: 2025,] [added: 2026,] has been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report appearing in this Item 8.

| | | | [removed: 2025] | | | | | | [removed: 2024] [added: 2025] | | | | | | [removed: 2023] [added: 2024] | | |

| REVENUE | | | $ | [removed: 2,375,288] [added: 2,544,339] | | | | | $ | [removed: 2,215,543] [added: 2,375,288] | | | | | $ | [removed: 2,077,702] [added: 2,215,543] | |

| Cost of Revenue | | | [removed: 1,360,747] [added: 1,433,651] | | | | | | [removed: 1,299,477] [added: 1,360,747] | | | | | | [removed: 1,219,062] [added: 1,299,477] | | |

| Research and Development | | | [removed: 162,771] [added: 176,445] | | | | | | [removed: 148,256] [added: 162,771] | | | | | | [removed: 142,678] [added: 148,256] | | |

| Selling, General, and Administrative | | | [removed: 283,055] [added: 299,210] | | | | | | [removed: 278,419] [added: 283,055] | | | | | | [removed: 235,274] [added: 278,419] | | |

| Total Expenses | | | [removed: 1,806,573] [added: 1,909,306] | | | | | | [removed: 1,726,152] [added: 1,806,573] | | | | | | [removed: 1,597,014] [added: 1,726,152] | | |

| OPERATING INCOME | | | [removed: 568,715] [added: 635,033] | | | | | | [removed: 489,391] [added: 568,715] | | | | | | [removed: 480,688] [added: 489,391] | | |

| INTEREST [removed: INCOME (EXPENSE)] [added: INCOME] | | | | | | | | | | | | | | | | | |

| Interest Income | | | [removed: 27,759] [added: 23,144] | | | | | | [removed: 25,012] [added: 27,759] | | | | | | [removed: 8,959] [added: 25,012] | | |

| Interest Expense | | | [removed: (10,438)] [added: (5,387)] | | | | | | [removed: (16,384)] [added: (10,438)] | | | | | | [removed: (15,073)] [added: (16,384)] | | |

| Total Interest [removed: Income (Expense)] [added: Income] | | | [removed: 17,321] [added: 17,757] | | | | | | [removed: 8,628] [added: 17,321] | | | | | | [removed: (6,114)] [added: 8,628] | | |

| INCOME BEFORE INCOME TAXES | | | [removed: 586,036] [added: 652,790] | | | | | | [removed: 498,019] [added: 586,036] | | | | | | [removed: 474,574] [added: 498,019] | | |

| PROVISION FOR INCOME TAXES | | | [removed: 130,288] [added: 150,014] | | | | | | [removed: 116,203] [added: 130,288] | | | | | | [removed: 107,928] [added: 116,203] | | |

| NET INCOME | | | $ | [removed: 455,748] [added: 502,776] | | | | | $ | [removed: 381,816] [added: 455,748] | | | | | $ | [removed: 366,646] [added: 381,816] | |

| Basic earnings per share | | | $ | [removed: 6.25] [added: 7.00] | | | | | $ | [removed: 5.24] [added: 6.25] | | | | | $ | [removed: 5.03] [added: 5.24] | |

| Basic weighted average shares outstanding | | | [removed: 72,874] [added: 71,866] | | | | | | [removed: 72,867] [added: 72,874] | | | | | | [removed: 72,918] [added: 72,867] | | |

| Diluted earnings per share | | | $ | [removed: 6.24] [added: 6.98] | | | | | $ | [removed: 5.23] [added: 6.24] | | | | | $ | [removed: 5.02] [added: 5.23] | |

| Diluted weighted average shares outstanding | | | [removed: 73,045] [added: 72,043] | | | | | | [removed: 73,025] [added: 73,045] | | | | | | [removed: 73,096] [added: 73,025] | | |

| | | | [removed: June] [added: June] 30, [removed: 2025] [added: 2025] | | | | | | [removed: June 30, 2024] | | | [added: | | | | | |]

| Cash and cash equivalents | | | $ | [removed: 101,953] [added: 12,056] | | | | | $ | [removed: 38,284] [added: 101,953] | |

| | | | June 30, 2026, and 2025 | | | [42](#i554d29595b094848a6b33c173e90eaa1_82) | | |

August 28, 2026

| | | | 2026 | | | | | | 2025 | | | | | | 2024 | | |

| | | | 2026 | | | | | | 2025 | | | | | | 2024 | | |

| Payment for acquisitions | | | (42,390) | | | | | | — | | | | | | — | | |

| Proceeds from stock issued for equity-based payment arrangements | | | 1 | | | | | | 2 | | | | | | — | | |

| | | | 2026 | | | | | | 2025 | | |

During fiscal 2026, the Board of Directors authorized an increase of 5,000 shares to the existing share repurchase program.

The Company adopted this ASU for the fiscal year ending June 30, 2026, with prospective application.

Additional information regarding the Company's income tax rate reconciliations, including the application of the provisions of ASU 2023-09 for the fiscal year ending June 30, 2026, is included in Note 8 to the consolidated financial statements.

In September 2025, the FASB issued ASU No. 2025-06, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which amends guidance related to the accounting for internal-use software development costs.

The amendments are intended to modernize the recognition and capitalization framework to reflect current software development practices, including iterative and agile methodologies, by removing references to "development stages".

It also clarifies the criteria for capitalization, which begins when both of the following occur: (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed and the software will be used to perform the function intended.

Early adoption is permitted as of the beginning of an annual reporting period.

Deconversion fees are amounts due from the early termination of our Private and Public Cloud, Processing Services and long-term On-premise Support contracts.

Although our contracts generally permit the client to voluntarily terminate, an early termination most commonly occurs due to the acquisition of one of our clients by another financial institution.

These terminations are considered contract modifications.

At the time the termination is signed, we evaluate the contract modification.

For the majority of terminations, there is a period of time after the termination has been signed but before services are concluded.

Because the future services to be delivered are distinct from those already delivered, the newly modified transaction price (which we refer to as deconversion revenue or fees) is allocated to all remaining performance obligations under the contract and is recognized as those services are delivered.

| | | | 2026 | | | | | | 2025 | | | | | | 2024 | | |

| | | | June 30, 2026 | | | | | | June 30, 2025 | | |

Contracts with our clients often include upfront incentive payments or credits provided to clients at or near the inception of an arrangement.

These amounts are accounted for as a reduction to the transaction price and are recognized as a reduction to revenue over the term of the related agreement as the services are delivered.

Contract liabilities (deferred

| | | | June 30, 2026 | | | | | | June 30, 2025 | | |

| June 30, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Financial Liabilities: | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Credit facilities | | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | |

| 2027 | | | | | | $ | 10,275 | |

| 2028 | | | | | | 9,982 | | |

| 2029 | | | | | | 7,379 | | |

| 2030 | | | | | | 6,061 | | |

| 2031 | | | | | | 4,777 | | |

| Thereafter | | | | | | 3,137 | | |

During the fiscal year ended June 30, 2026, the Company terminated a lease agreement that, in prior periods, included $5,464 in future lease payments related to an option to extend.

| | | | 659,671 | | | | | | 720,892 | | | | | | | | | | | |

During the fiscal year ended June 30, 2026, the Company received an offer to purchase one of its facilities and management has committed to a plan to sell the facility.

At June 30, 2026, the facility included assets with a carrying value of approximately $9,172.

The sales of these assets were completed during the fiscal year ended June 30, 2026, which resulted in a gain of $6,829.

| | | | | | | | | |

| --- | --- | --- | --- | --- | --- | --- | --- | --- |

| | | | Years Ended June 30, 2025, 2024, and 2023 | | | [41](#i39c2cc772b5e45f5ba0faf8b0c7c9075_88) | | |

August 25, 2025

| Current maturities of long-term debt | | | — | | | | | | 90,000 | | |

| Payment for acquisitions, net of cash acquired | | | — | | | | | | — | | | | | | (229,628) | | |

| Proceeds from issuance of common stock upon exercise of stock options | | | 2 | | | | | | — | | | | | | 1 | | |

In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which improves the disclosures about a public entity's reportable segments through enhanced disclosures about significant segment expenses that are regularly provided to the chief operating decision maker.

The ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, and should be applied retrospectively to all prior periods presented in the financial statements.

The Company adopted this ASU effective for the fiscal year ended June 30, 2025, with retrospective application of the additional segment information for the fiscal years ended June 30, 2024, and 2023.

Additional information regarding the Company's reportable segments is included in Note 14 to the consolidated financial statements.

Early adoption and retrospective application is permitted.

Therefore, the Company recognizes these fees over the remaining modified contract term.

Contract assets primarily result from client discounts (contract incentives) where revenue is recognized and payment of consideration under the contract is contingent upon the transfer of services to a client over the contractual period.

| | | | | | | | | | | | | | | | | | | | | | | | | | | |

| June 30, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | |

The lease term is

| 2026 | | | | | | $ | 11,047 | |

| 2027 | | | | | | 10,455 | | |

| 2028 | | | | | | 10,106 | | |

| 2029 | | | | | | 7,548 | | |

| 2030 | | | | | | 6,525 | | |

| Thereafter | | | | | | 11,141 | | |

The Company may sublease its facilities from time to time to third parties.

Sublease income is recognized on a straight-line basis over the lease term, and is included within revenue on the Company's condensed consolidated statements of income.

On September 30, 2023, the Company entered into an agreement with a third party to sublease a portion of its Elizabethtown, Kentucky facility.

The commencement date of the sublease was October 1, 2023, and it had an initial term of 57 months.

On March 21, 2025, the sublessee provided notice to terminate a portion of the sublease agreement and reduce the square footage of their subleased space effective September 30, 2025, resulting in a termination fee of $332.

The remaining space not terminated will continue to be subleased under the original terms of the agreement.

There have been no indications of impairment related to the underlying ROU asset for the remaining portion of the sublease.

Minimum Sublease Payments

At June 30, 2025, the future total minimum sublease payments to be received, including termination fees, were as follows:

| Due Dates (fiscal year) | | | | | | Future Minimum Sublease Receipts | | |

| 2026 | | | | | | $ | 864 | |

| 2027 | | | | | | 448 | | |

| 2028 | | | | | | 462 | | |

| Total sublease receipts - lessor | | | | | | $ | 1,774 | |

| | | | 720,892 | | | | | | 701,237 | | | | | | | | | | | |

| | | | June 30, 2024 | | | | | | | | | | | | | | |

| Customer relationships | | | $ | 306,036 | | | | | $ | (249,279) | | | | | $ | 56,757 | |

The Management’s Report on Internal Control over Financial Reporting required by this Item 9A is in Item 8, “Financial Statements and Supplementary Data.” The Company's independent registered public accounting firm has audited our internal control over financial reporting as of June 30, [removed: 2025;] [added: 2026;] their report is included in Item 8 of this Form 10-K.

During the quarter ended June 30, [removed: 2025,] [added: 2026,] there were no changes in the Company’s internal control over financial reporting which were identified in connection with management’s evaluation required by Rules 13a-15(d) and 15d-15(d) under the Exchange Act that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

During the three months ended June 30, [removed: 2025,] [added: 2026,] no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Information required by Items 10, 11, 12, 13 and 14 of Part III is omitted from this report and will be filed within 120 days after the Company's June 30, [removed: 2025,] [added: 2026,] fiscal year end in the definitive proxy statement for our [removed: 2025] [added: 2026] Annual Meeting of Stockholders (the “Proxy Statement”).

\- Consolidated Statements of Income for the fiscal years ended June 30, [added: 2026,] 2025, [removed: 2024,] and [removed: 2023][added: 2024]

\- Consolidated Balance Sheets as of June 30, [removed: 2025,] [added: 2026,] and [removed: 2024][added: 2025]

\- Consolidated Statements of Changes in Stockholders’ Equity for the fiscal years ended June 30, [added: 2026,] 2025, [removed: 2024,] and [removed: 2023][added: 2024]

\- Consolidated Statements of Cash Flows for the fiscal years ended June 30, [added: 2026,] 2025, [removed: 2024,] and [removed: 2023][added: 2024]

3.1.9 [Restated Certificate of Incorporation attached as Exhibit [removed: 3.1.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex319.htm)[9](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex319.htm) [to] [added: 3.1.9 to] the Company’s Quarterly Report on Form 10-Q filed [removed: February](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex319.htm) [7](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex319.htm)[, 202](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex319.htm)[5](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex319.htm)[.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex319.htm)][added: February 7, 2025.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex319.htm)]

3.2.10 [Restated and Amended Bylaws attached as Exhibit [removed: 3.2.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000022/jkhy-amendedandrestatedbyl.htm)[10](https://www.sec.gov/Archives/edgar/data/779152/000077915225000022/jkhy-amendedandrestatedbyl.htm) [to] [added: 3.2.10 to] the Company’s Current Report on Form 8-K [removed: filed](https://www.sec.gov/Archives/edgar/data/779152/000077915225000022/jkhy-amendedandrestatedbyl.htm) [May] [added: filed May] 15, [removed: 2025](https://www.sec.gov/Archives/edgar/data/779152/000077915225000022/jkhy-amendedandrestatedbyl.htm)[.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000022/jkhy-amendedandrestatedbyl.htm)][added: 2025.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000022/jkhy-amendedandrestatedbyl.htm)]

4.1 [Description of [removed: Securities](https://www.sec.gov/Archives/edgar/data/779152/000077915225000055/jkhy-20250630xex41.htm)][added: Securities](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex41.htm)]

[removed: 10.56*] [added: 10.81*] [Jack Henry & Associates, Inc. [removed: 2015] [added: 2025] Equity Incentive Plan attached as Exhibit [removed: 10.56] [added: 10.81] to the [removed: Company's Current] [added: Company's](https://www.sec.gov/Archives/edgar/data/779152/000077915225000121/jkhy-jackhenryassociatesin.htm) [](https://www.sec.gov/Archives/edgar/data/779152/000077915225000121/jkhy-jackhenryassociatesin.htm)[Current] Report on Form 8-K filed November [removed: 16, 2015.](https://www.sec.gov/Archives/edgar/data/779152/000077915215000077/jkhy2015equityincentivepla.htm)][added: 14, 2025.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000121/jkhy-jackhenryassociatesin.htm)]

[removed: 10.73 [Amended and Restated Credit] [added: 10.82 [Credit] Agreement, dated as of [removed: August 31, 2022,] [added: March 25, 2026,] among Jack Henry & Associates, Inc., as [removed: Borrower, the] [added: Borrower,](https://www.sec.gov/Archives/edgar/data/779152/000077915226000013/jkhy-march252026x2026credi.htm) [the] lenders parties thereto, [added: and] U.S. Bank National Association, as Administrative Agent, LC Issuer and Swing Line [removed: Lender, and certain other financial institutions as co-syndication agents and joint lead arrangers and joint book runners] [added: Lender] attached as Exhibit [removed: 10.73] [added: 10.82] to the Company’s Current Report on Form 8-K filed [removed: September 1, 2022.](https://www.sec.gov/Archives/edgar/data/779152/000077915222000081/jackhenryamendedandrestate.htm)][added: March 26, 2026.](https://www.sec.gov/Archives/edgar/data/779152/000077915226000013/jkhy-march252026x2026credi.htm)]

Foss, [removed: Adelson,](https://www.sec.gov/Archives/edgar/data/0000779152/000077915223000062/formofaircrafttimesharinga.htm) [McLachlan](https://www.sec.gov/Archives/edgar/data/0000779152/000077915223000062/formofaircrafttimesharinga.htm)[,](https://www.sec.gov/Archives/edgar/data/0000779152/000077915223000062/formofaircrafttimesharinga.htm) [and] [added: Adelson, McLachlan, and] Morgan, and Mses.

10.80* [Jack Henry & Associates, Inc. 2006 Employee Stock Purchase Plan, as amended and restated [removed: on](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm) [November 1](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm)[3, 2024](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm) [](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm)[attached] [added: on November 13, 2024 attached] as Exhibit [removed: 10.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm)[80](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm) [to] [added: 10.80 to] the [removed: Company's Annual Report] [added: Company's](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm) [Quarterly](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm) [Report] on Form [removed: 10-](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm)[Q](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm) [filed](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm) [February] [added: 10-Q filed February] 7, [removed: 2025](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm)[.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm)][added: 2025.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000009/jkhy-20241231xex1080.htm)]

19.1 [Jack Henry & Associates, Inc. Trading in Company Securities [removed: Policy](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex191.htm) [attached] [added: Policy attached] as [removed: Exhi](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex191.htm)[bit] [added: Exhibit] 19.1 to the Company's Annual Report on [removed: F](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex191.htm)[orm] [added: Form] 10-K filed August 26, [removed: 2024](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex191.htm)[.](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex191.htm)][added: 2024.](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex191.htm)]

21.1 [List of the Company’s [removed: subsidiaries.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000055/jkhy-20250630xex211.htm)][added: subsidiaries.](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex211.htm)]

23.1 [Consent of Independent Registered Public Accounting Firm- PricewaterhouseCoopers [removed: LLP.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000055/jkhy-20250630xex231.htm)][added: LLP.](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex231.htm)]

31.1 [Certification of the Chief Executive [removed: Officer.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000055/jkhy-20250630xex311.htm)][added: Officer.](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex311.htm)]

31.2 [Certification of the Chief Financial [removed: Officer.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000055/jkhy-20250630xex312.htm)][added: Officer.](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex312.htm)]

32.1* [Written Statement of the Chief Executive Officer Pursuant to 18 U.S.C. Section [removed: 1350.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000055/jkhy-20250630xex321.htm)][added: 1350.](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex321.htm)]

32.2* [Written Statement of the Chief Financial Officer Pursuant to 18 U.S.C. Section [removed: 1350.](https://www.sec.gov/Archives/edgar/data/779152/000077915225000055/jkhy-20250630xex322.htm)][added: 1350.](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex322.htm)]

97.1 [Jack Henry & Associates, Inc. Executive Compensation Clawback [removed: Policy](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex971.htm) [attached] [added: Policy attached] as Exhibit 97.1 [removed: to](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex971.htm) [](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex971.htm)[the C](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex971.htm)[ompany's] [added: to the Company's] Annual Report on Form 10-K filed August 26, [removed: 202](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex971.htm)[4](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex971.htm)[.](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex971.htm)][added: 2024.](https://www.sec.gov/Archives/edgar/data/779152/000077915224000079/jkhy-20240630xex971.htm)]

104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit [removed: (101)), except registrant name, JACK HENRY & ASSOCIATES INC, tagged in non-printing section.][added: (101)]

Filed with this report on Form 10-K are the following documents formatted in XBRL ("Extensible Business Reporting Language"): (i) the Consolidated Balance Sheets at June 30, [removed: 2025,] [added: 2026,] and June 30, [removed: 2024,] [added: 2025,] (ii) the Consolidated Statements of Income for the years ended June 30, [added: 2026,] 2025, [removed: 2024,] and [removed: 2023,] [added: 2024,] (iii) the Consolidated Statements of Shareholders’ Equity for the years ended June 30, [added: 2026,] 2025, [removed: 2024,] and [removed: 2023,] [added: 2024,] (iv) the Consolidated Statements of Cash Flows for the years ended June 30, [added: 2026,] 2025, [removed: 2024,] and [removed: 2023,] [added: 2024,] and (v) Notes to Consolidated Financial Statements.

10.83* [Form of Restricted Stock Unit Agreement (Employees).](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex1083.htm)

10.84* [Form of Performance Shares Agreement.](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex1084.htm)

10.85* [Form of Restricted Stock Unit Agreement (non-employee directors).](https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630xex1085.htm)

10.58* [Form of Nonqualified Stock Option Agreement (executives) attached as Exhibit 10.58 to the Company’s Current Report on Form 8-K filed July 1, 2016.](https://www.sec.gov/Archives/edgar/data/779152/000077915216000128/jkhy-20160701xexhibit1058.htm)

10.74 [Amendment No. 1 to Amended and Restated Credit Agreement, dated as of May 16, 2023 among Jack Henry & Associates, Inc., as Borrower, the affiliates of Borrower party thereto as Guarantors, the lenders parties thereto, and U.S. Bank National Association, as Administrative Agent attached as Exhibit 10.74 to the Company’s Current Report on Form 8-K filed May 22, 2023.](https://www.sec.gov/Archives/edgar/data/779152/000077915223000028/jackhenry-amendmentno1toam.htm)

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized this [removed: 25th] [added: 28th] day of August, [removed: 2025.][added: 2026.]

| /s/ Gregory R. Adelson Gregory R. Adelson | | | [added: Director,] Chief Executive Officer and President (Principal Executive Officer) | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Mimi L. Carsley Mimi L. Carsley | | | Chief Financial Officer and Treasurer (Principal Financial Officer) | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Renee A. Swearingen Renee A. Swearingen | | | Senior Vice President and Chief Accounting Officer (Principal Accounting Officer) | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Thomas H. Wilson, Jr Thomas H. Wilson, Jr | | | Director | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Thomas A. Wimsett Thomas A. Wimsett | | | Director | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Shruti S. Miyashiro Shruti S. Miyashiro | | | Director | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Wesley A. Brown Wesley A. Brown | | | Director | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Curtis A. Campbell Curtis A. Campbell | | | Director | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Tammy S. LoCascio Tammy S. LoCascio | | | Director | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Lisa M. Nelson Lisa M. Nelson | | | Director | | | August [removed: 25, 2025] [added: 28, 2026] | | |

| /s/ Matthew C. Flanigan Matthew C. Flanigan | | | Board Chair | | | August 28, 2026 | | |

| | | | | | | | | |

| /s/ David B. Foss David B. Foss | | | Board Chair | | | August 25, 2025 | | |

| /s/ Matthew C. Flanigan Matthew C. Flanigan | | | Vice Chair and Lead Director | | | August 25, 2025 | | |