The company said total revenue for 2024 rose 6.6%, or $137,841 thousand, from 2023. Excluding deconversion revenue and Payrailz-related revenue, revenue grew 7.4%, or $151,117 thousand.

10-KAnnual reportFiled Aug 26, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said total revenue for 2024 rose 6.6%, or $137,841 thousand, from 2023. Excluding deconversion revenue and Payrailz-related revenue, revenue grew 7.4%, or $151,117 thousand.
Jack Henry said net income for fiscal 2024 grew 4.1% to $381,816 thousand, or $5.23 per diluted share. Net income for fiscal 2023 was $366,646 thousand, or $5.02 per share. The company cited revenue growth and a lower weighted average share count as factors, partly offset by higher operating expenses.
The company said cash provided by operating activities in fiscal 2024 increased 48.9% compared with fiscal 2023. It attributed the increase to higher-than-historical collections in fiscal 2025 of annual maintenance billings and to an overpayment of income taxes in fiscal 2023, which led to lower cash taxes paid in fiscal 2024.
The company said it used $301,835 thousand of cash in financing activities in fiscal 2024. This included $155,877 thousand for dividends paid to stockholders, a net repayment of $125,000 thousand on credit facility borrowings and repayments, and $28,055 thousand for the purchase of treasury shares.

Key figures

Fiscal year ended June 30, 2024

Revenue: $2.2B
Operating income: $489M
Net income: $382M
EPS: $5.23
Operating cash flow: $568M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Total Revenue Up 6.6%

The company said total revenue for 2024 rose 6.6%, or $137,841 thousand, from 2023. Excluding deconversion revenue and Payrailz-related revenue, revenue grew 7.4%, or $151,117 thousand.

Source · Based on the MD&A text of the filing

Net Income Up 4.1%, Diluted EPS $5.23

Jack Henry said net income for fiscal 2024 grew 4.1% to $381,816 thousand, or $5.23 per diluted share. Net income for fiscal 2023 was $366,646 thousand, or $5.02 per share. The company cited revenue growth and a lower weighted average share count as factors, partly offset by higher operating expenses.

Source · Based on the MD&A text of the filing

Operating Cash Flow Up 48.9%

The company said cash provided by operating activities in fiscal 2024 increased 48.9% compared with fiscal 2023. It attributed the increase to higher-than-historical collections in fiscal 2025 of annual maintenance billings and to an overpayment of income taxes in fiscal 2023, which led to lower cash taxes paid in fiscal 2024.

Source · Based on the MD&A text of the filing

Financing Cash Outflow and Debt Repayment

The company said it used $301,835 thousand of cash in financing activities in fiscal 2024. This included $155,877 thousand for dividends paid to stockholders, a net repayment of $125,000 thousand on credit facility borrowings and repayments, and $28,055 thousand for the purchase of treasury shares.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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