{"schemaVersion":1,"research":true,"symbol":"jkhy","name":"Jack Henry & Associates","topic":"moat","path":"/stock/jkhy/moat","status":"published","version":4,"updatedAt":"2026-10-18T01:08:06.078Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"narrow","summary":"Jack Henry has a narrow moat grounded in switching costs: replacing a core system requires planning, data conversion, testing and training, while hosted processing and payment contracts generally last six years. Organic growth and continued client migration support the current relevance of these services, although quantified renewal rates are absent. Pricing power is limited: some renewals have produced price compression, and long contracts can restrict cost recovery. The passages do not demonstrate network effects, a superior cost position or exceptional long-term durability.","advantages":[{"mechanism":"switching_costs","claim":"Embedded core systems create operational switching friction through data conversion, implementation, testing and training. Six-year hosted and payment-processing contracts reinforce this incumbent advantage. Operating growth supports continued demand, but does not establish customer captivity or uniform strength across standalone complementary products.","durability":"Implementation complexity and multiyear contracts support a current advantage across contract cycles. Durability beyond those cycles is less established because clients can renegotiate or switch at renewal, and no quantified renewal history is supplied.","risks":"Realized renewal price compression limits monetization. Specialized point solutions could replace individual components, while larger rivals and alternative delivery models could weaken integration benefits. The disclosed technology threats are possibilities, rather than demonstrated displacement.","invalidation":"The thesis would weaken materially if successive renewal cohorts showed sustained customer losses or service reductions, if migration became materially easier, or if recurring core revenue declined after excluding deconversion fees and acquisitions. Persistent price concessions combined with deteriorating operating results would indicate that switching friction no longer protects attractive economics.","competitors":["Fidelity National Information Services, Inc.","Fiserv, Inc.","Corelation, Inc.","Finastra"],"evidenceIds":["e1","e2","e3","e4","e5","e6"],"counterEvidenceIds":["e7","e8","e9","e10","e11","e12"]}],"evidence":[{"id":"e1","sourceId":"filing-1","location":"Business: typical hosted, payment and on-premise contract terms","excerpt":"The majority of our support and services revenue is derived from our private and public cloud services for our hosted clients that are typically on a six-year contract, recurring electronic payment solutions that are generally on a contract term of six years, and our on-premise clients that are typically on a one-year contract."},{"id":"e2","sourceId":"filing-1","location":"Implementation and Training: core implementation requirements","excerpt":"A complete core system implementation typically includes detailed planning, project management, data conversion, and testing."},{"id":"e3","sourceId":"filing-1","location":"Implementation and Training: legacy data transfer","excerpt":"Our experienced implementation teams travel to client facilities or work remotely with clients to help manage the implementation process and ensure that all data is transferred from the legacy system to the Jack Henry system."},{"id":"e4","sourceId":"filing-1","location":"Business overview: conversion, training and ongoing support","excerpt":"We perform data conversions, software implementations, initial and ongoing client training, and ongoing client support services."},{"id":"e5","sourceId":"filing-2","location":"MD&A: Core quarterly revenue growth excluding deconversion and contract-change revenue","excerpt":"Total Core revenue less Core deconversion revenue of $7,506 for the fiscal three months ended March 31, 2026, and less Core deconversion revenue of $4,838 and less Core revenue related to a contractual change of $1,201 for the fiscal three months 26 Table of Contents ended March 31, 2025, results in a 8.6% increase, quarter over quarter."},{"id":"e6","sourceId":"filing-2","location":"MD&A: new and existing client cloud migration and processing-volume expansion","excerpt":"This increase was primarily driven by organic growth in our Core revenue lines including data processing and hosting within private and public cloud as new and existing clients continue to migrate to our private cloud and processing volumes expand."},{"id":"e7","sourceId":"filing-1","location":"Risk factors: renewal opportunities to switch or renegotiate","excerpt":"Renewal time presents our clients with the opportunity to consider other providers or to renegotiate their contracts with us, including reducing the services we provide or negotiating the prices paid for our services."},{"id":"e8","sourceId":"filing-1","location":"Risk factors: realized price compression on certain renewals","excerpt":"Certain of our renewals have resulted in price compression between the former and renegotiated contracts."},{"id":"e9","sourceId":"filing-1","location":"Risk factors: contractual limits on passing through supplier cost increases","excerpt":"We may experience increased costs for services from our third-party service providers due to inflation or other cost expansion, but because our client contracts typically have longer terms than our third-party service provider contracts, our ability to pass on those higher costs to clients may be limited."},{"id":"e10","sourceId":"filing-1","location":"Risk factors: possible component replacement by specialized point solutions","excerpt":"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."},{"id":"e11","sourceId":"filing-1","location":"Competition: named core-system competitors","excerpt":"Our core solutions compete with large vendors that provide information and transaction processing solutions to banks and credit unions, including Fidelity National Information Services, Inc.; Fiserv, Inc.; Corelation, Inc.; and Finastra."},{"id":"e12","sourceId":"filing-1","location":"Competition: some competitors have larger client bases and financial resources","excerpt":"Some of our current competitors have longer operating histories, larger client bases, and greater financial resources."},{"id":"e13","sourceId":"filing-1","location":"Business overview: management assertion of high satisfaction and retention","excerpt":"Our support infrastructure and strict standards provide service levels that generate high levels of client satisfaction and retention."},{"id":"e14","sourceId":"filing-1","location":"Note 14: fiscal 2024–2026 segment revenue and consolidated operating results","excerpt":"63 Table of Contents Year Ended June 30, 2026 Core Payments Complementary Corporate Services Total REVENUE Services and Support $ 722,703 $ 100,157 $ 552,755 $ 72,388 $ 1,448,003 Processing 45,749 835,849 199,459 15,279 1,096,336 Total Revenue 768,452 936,006 752,214 87,667 2,544,339 Cost of Revenue 304,886 479,539 286,726 362,500 1,433,651 Research and Development 176,445 Selling, General, and Administrative 299,210 Total Expenses 1,909,306 SEGMENT INCOME $ 463,566 $ 456,467 $ 465,488 $ (274,833) OPERATING INCOME 635,033 INTEREST INCOME 17,757 INCOME BEFORE INCOME TAXES $ 652,790 Year Ended June 30, 2025 Core Payments Complementary Corporate Services Total REVENUE Services and Support $ 690,731 $ 93,480 $ 514,888 $ 62,638 $ 1,361,737 Processing 42,193 780,018 179,883 11,457 1,013,551 Total Revenue 732,924 873,498 694,771 74,095 2,375,288 Cost of Revenue 295,239 460,151 269,657 335,700 1,360,747 Research and Development 162,771 Selling, General, and Administrative 283,055 Total Expenses 1,806,573 SEGMENT INCOME $ 437,685 $ 413,347 $ 425,114 $ (261,605) OPERATING INCOME 568,715 INTEREST INCOME 17,321 INCOME BEFORE INCOME TAXES $ 586,036 64 Table of Contents Year Ended June 30, 2024 Core Payments Complementary Corporate Services Total REVENUE Services and Support $ 643,693 $ 84,655 $ 479,701 $ 67,905 $ 1,275,954 Processing 41,569 733,053 156,383 8,584 939,589 Total Revenue 685,262 817,708 636,084 76,489 2,215,543 Cost of Revenue 285,304 442,084 255,693 316,396 1,299,477 Research and Development 148,256 Selling, General, and Administrative 278,419 Total Expenses 1,726,152 SEGMENT INCOME $ 399,958 $ 375,624 $ 380,391 $ (239,907) OPERATING INCOME 489,391 INTEREST INCOME 8,628 INCOME BEFORE INCOME TAXES $ 498,019 NOTE 15."},{"id":"e15","sourceId":"filing-2","location":"MD&A: quarterly revenue growth excluding specified nonrecurring and acquisition effects","excerpt":"Total revenue less deconversion revenue of $18,665 and acquisition revenue of $1,651 for the current fiscal quarter and less deconversion revenue of $9,644 and revenue related to a contractual change of $1,201 for the prior fiscal year third quarter results in an increase of 7.3% quarter over quarter."},{"id":"e16","sourceId":"filing-2","location":"MD&A: quarterly operating-expense growth excluding specified effects","excerpt":"Total operating expenses less deconversion operating expenses of $4,030 and operating expenses for the acquired company of $2,484 for the current fiscal quarter and less operating expenses related to deconversion operating expenses of $2,794 and a contractual change of $992 for the prior fiscal year third quarter results in an increase of 7.3% quarter over quarter."},{"id":"e17","sourceId":"filing-1","location":"Liquidity: operating cash flow and deferred-tax contribution to its increase","excerpt":"The following table summarizes net cash from operating activities in the consolidated statements of cash flows: Year Ended June 30, 2026 2025 Net income $ 502,776 $ 455,748 Non-cash expenses 374,296 231,613 Change in receivables (29,268) 15,056 Change in deferred revenues 9,099 (25,559) Change in other assets and liabilities (94,943) (35,354) Net cash provided by operating activities $ 761,960 $ 641,504 Cash provided by operating activities for fiscal 2026 increased 18.8% compared to fiscal 2025, primarily due to the change in deferred income taxes fiscal year over fiscal year."},{"id":"e18","sourceId":"filing-1","location":"Liquidity: development, equipment, acquisition and other investing expenditures","excerpt":"Cash used in investing activities for fiscal 2026 totaled $277,738 and included: $184,243 for the ongoing enhancements and development of existing and new product and service offerings; capital expenditures on facilities and equipment of $67,103, mainly for the purchase of computer equipment; $42,390 for an acquisition; $13,721 for the purchase of investments; and $4,108 for the purchase and development of internal use software."},{"id":"e19","sourceId":"filing-1","location":"Liquidity: fiscal 2026 repurchases and dividends","excerpt":"Financing activities used cash of $574,119 for fiscal 2026 and included: $448,173 for the purchase of treasury shares and $170,405 for dividends paid to stockholders."},{"id":"e20","sourceId":"filing-2","location":"Capital Requirements and Resources: cloud-services purchase commitment through June 2033","excerpt":"On December 23, 2025, the Company signed a contract addendum with a cloud services provider for $450,000 in contractual purchase obligations for the period of December 30, 2025, through June 30, 2033."},{"id":"e21","sourceId":"filing-2","location":"Capital Requirements and Resources: portion of prior commitments replaced","excerpt":"This commitment replaced $182,000 of the total contractual purchase obligations that were reported in the Company's Annual Report on Form 10-K for the year ended June 30, 2025."},{"id":"e22","sourceId":"filing-3","location":"Compensation Discussion and Analysis: actual fiscal 2026 long-term award allocation","excerpt":"In fiscal 2026, the HC&C Committee allocated the long-term incentive award value at approximately 60% performance shares and 40% time-based restricted stock units."},{"id":"e23","sourceId":"filing-3","location":"Compensation Discussion and Analysis: granted performance awards, three-year vesting and metrics","excerpt":"These three specific grants of performance shares in fiscal 2026 to the Named Executives vest at the end of a three-year performance period based on the following: (1) the total shareholder return over the three-year period in comparison to the companies in the S&P 900 (“TSR Peer Group”) (comprising approximately one-third of the total performance shares grant value); (2) the Company’s compound organic annual revenue growth rate (“CAGR”) for revenue calculated over four periods (three consecutive one-year periods and one three-year period, with each period accounting for one-quarter each of the total goal), with the revenue for each period measured against a target Organic Revenue Growth CAGR, where Organic Revenue Growth removes the impact of deconversion fees, acquisitions and divestitures, and, as approved by the HC&C Committee, any other one-time non-GAAP adjustments that management makes in the Company’s earnings releases for the relevant periods (comprising approximately one-third of the total performance 38 2026 Proxy Statement shares grant value); and (3) the expansion of the Company’s non-GAAP adjusted operating margin calculated over four periods (three consecutive one-year periods and one three-year period, with each period accounting for one-quarter each of the total goal), with such margin for each period measured against a target non-GAAP adjusted operating margin expansion, where non-GAAP operating margin removes the impact of deconversion fees, acquisitions and divestitures, sales of assets, and, as approved by the HC&C Committee, any other one-time non-GAAP adjustments that management makes in the Company’s earnings releases for the relevant periods (comprising approximately one-third of the total performance shares grant value)."},{"id":"e24","sourceId":"filing-3","location":"Fiscal 2026 Compensation Components: annual bonus metrics","excerpt":"Page 34 Annual Incentive Cash Bonus Variable cash compensation tied 75% to annual adjusted operating income versus budget target and 25% tied to achievement of strategic goals, with the strategic goal achievement subject to an individual modifier."},{"id":"e25","sourceId":"filing-3","location":"Corporate Governance Highlights: current board and committee independence","excerpt":"Corporate Governance Highlights •A majority of the Company's directors are independent in accordance with Nasdaq standards and all members of Board committees are independent."},{"id":"e26","sourceId":"filing-3","location":"Corporate Governance Highlights: independent chair and executive sessions","excerpt":"•The Board Chair is independent. •Executive sessions of independent directors are led by the independent Board Chair at each Board meeting."},{"id":"e27","sourceId":"filing-3","location":"Related Party Transaction Policy: adopted policy administered by Audit Committee","excerpt":"20 2026 Proxy Statement CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS Related Party Transaction Policy The Board has adopted a written policy administered by the Audit Committee."},{"id":"e28","sourceId":"filing-1","location":"Independent auditor report: financial-statement opinion","excerpt":"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, 2026 and 2025, and the results of its operations and its cash flows for each of the three years in the period ended June 30, 2026 in conformity with accounting principles generally accepted in the United States of America."},{"id":"e29","sourceId":"filing-2","location":"Revenue recognition: client contracts often include upfront incentives or credits","excerpt":"March 31, 2026 June 30, 2025 Receivables, net $ 282,463 $ 317,977 Contract Assets - Current 37,313 36,221 Contract Assets - Non-current 128,154 121,675 Contract Liabilities (Deferred Revenue) - Current 128,999 290,485 Contract Liabilities (Deferred Revenue) - Non-current 79,743 72,889 Contracts with our clients often include upfront incentive payments or credits provided to clients at or near the inception of an arrangement."},{"id":"e30","sourceId":"filing-2","location":"Revenue recognition: incentives reduce transaction price and recognized revenue","excerpt":"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."},{"id":"e31","sourceId":"filing-2","location":"Note 9: weighted-average share counts and award dilution","excerpt":"Three Months Ended March 31, Nine Months Ended March 31, 2026 2025 2026 2025 Net Income $ 122,894 $ 111,108 $ 391,549 $ 328,144 Common share information: Weighted average shares outstanding for basic earnings per share 71,767 72,851 72,262 72,893 Dilutive effect of stock options, restricted stock units, and performance units 211 162 171 165 Weighted average shares outstanding for diluted earnings per share 71,978 73,013 72,433 73,058 Basic earnings per share $ 1.71 $ 1.53 $ 5.42 $ 4.50 Diluted earnings per share $ 1.71 $ 1.52 $ 5.41 $ 4.49 Per share information is based on the weighted average number of common shares outstanding for the fiscal three and nine months ended March 31, 2026, and 2025."},{"id":"e32","sourceId":"filing-2","location":"Segment information: complementary products can integrate with core or operate independently","excerpt":"The Complementary segment provides additional software, hosted processing platforms, and services, including digital/mobile banking, treasury services, online account opening, fraud/anti-money laundering (“AML”) and lending/deposit solutions that can be integrated with the Company's Core solutions, and many can be used independently."}],"changes":["No comparable previous version; previous accepted analysis is null."],"limitations":["Only the supplied passages were used. Source dates are filing dates: May 7, August 28 and October 2, 2026; they are not retrieval dates.","Contract terms and implementation requirements establish switching friction, but actual renewal rates, customer-loss rates, migration costs and renewal-cohort economics are absent.","High satisfaction and retention are management assertions without supplied survey results or quantified retention outcomes. Operating growth provides indirect corroboration of demand, not a retention-rate estimate.","Named competitor coverage applies to core systems. Complementary fintech competition is described generically; compensation peers are not treated as product competitors.","The passages disclose adverse pricing outcomes but do not quantify overall price realization, escalators, unilateral repricing rights or the breadth of renewal concessions.","Actual fiscal 2026 compensation grants and existing governance arrangements are disclosed. The November 2026 advisory vote remains prospective; executive beneficial ownership and realized performance-award vesting outcomes are not supplied.","Financial results support execution and resilience assessments, but do not independently establish a moat, superior acquisition returns or exceptional durability."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":3,"rationale":"Detailed conversion, testing and training requirements, reinforced by typical six-year hosted and payment contracts, demonstrate meaningful incumbent switching friction. This supports a narrow advantage without establishing network effects or cost leadership.","evidenceIds":["e1","e2","e3","e4"]},{"criterion":"durability","grade":2,"rationale":"Multiyear contracts and implementation complexity support persistence, but renewal renegotiation and realized price compression limit evidence of durable economic protection across successive contract cycles.","evidenceIds":["e1","e2","e7","e8"]},{"criterion":"customer_dependency","grade":3,"rationale":"Core-system conversion and ongoing processing and support indicate substantial operational embeddedness. Continued migration by existing clients supports relevance indirectly; standalone complementary products need not share the same dependency.","evidenceIds":["e2","e3","e4","e6","e32"]},{"criterion":"erosion_resilience","grade":2,"rationale":"Adjusted core growth and three years of rising revenue and operating income show current resilience. Renewal compression is realized erosion of pricing, while point-solution displacement remains a prospective risk.","evidenceIds":["e5","e8","e10","e14"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":1,"rationale":"Certain renewals have produced price compression, and contracts often include incentives that reduce transaction prices. These are observed weak pricing outcomes; their aggregate magnitude and any offsetting increases are undisclosed.","evidenceIds":["e8","e29","e30"]},{"criterion":"retention","grade":3,"rationale":"Implementation friction and long contracts strongly support repeat demand, with continued existing-client cloud migration providing indirect operating corroboration. Management's high-retention assertion is supplementary; no numerical retention rate is inferred.","evidenceIds":["e1","e2","e6","e13"]},{"criterion":"margin_resilience","grade":3,"rationale":"Revenue and operating income rose across fiscal 2024–2026, with operating income growing faster. More conservatively, quarterly revenue and expenses each grew 7.3% after the disclosed adjustments. This demonstrates operating resilience, while revealing no standalone proof of pricing strength.","evidenceIds":["e14","e15","e16"]},{"criterion":"contractual_freedom","grade":1,"rationale":"Long client contracts can limit supplier-cost pass-through, and renewal gives clients an opportunity to renegotiate prices and services. Exact escalator provisions are missing, but the disclosed constraints warrant a low grade.","evidenceIds":["e7","e9"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"Fiscal 2026 operating cash flow of $761.96 million supported development, equipment and acquisition spending, while share counts declined in the supplied interim comparison. However, $618.578 million of repurchases and dividends exceeded operating cash flow less $277.738 million of net investing outflows. Cash-flow growth benefited primarily from deferred taxes, and the extended cloud commitment adds obligations. Returns on these allocations remain unproven.","evidenceIds":["e17","e18","e19","e20","e21","e31"]},{"criterion":"incentive_alignment","grade":3,"rationale":"Actual fiscal 2026 long-term grants allocated approximately 60% to performance shares with three-year vesting and relative shareholder-return, organic-growth and margin metrics. Annual bonuses also link to operating performance. This demonstrates meaningful alignment in compensation design, tempered by adjustment discretion and absent executive ownership and realized vesting evidence.","evidenceIds":["e22","e23","e24"]},{"criterion":"execution","grade":3,"rationale":"Three-year revenue and operating-income growth, adjusted quarterly growth and continued cloud migration demonstrate successful operating execution. Attribution to management is indirect; forward-looking pipeline claims and projected acquisition synergies are unnecessary to this grade.","evidenceIds":["e5","e6","e14","e15","e16","e28"]},{"criterion":"governance","grade":3,"rationale":"Existing majority-independent board oversight, independent committees and chair, executive sessions and an adopted related-party policy establish substantive governance safeguards. The financial-statement audit adds reporting assurance; these disclosures do not establish exceptional governance outcomes.","evidenceIds":["e25","e26","e27","e28"]}]}],"qualityPolicy":"quality-scores-2","basisHash":"d0137f5ee28ec32bc563d666534dcfe211144f96f6f3242d4facda3150aaea8d","updatedAt":"2026-10-18T01:08:06.078Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630.htm","publishedAt":"2026-08-28","sha256":"2692cf0d743a1c530855b1f0c9a49864e824dffb61585f5f8d76f7ba3894465a","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/779152/000077915226000025/jkhy-20260331.htm","publishedAt":"2026-05-07","sha256":"726f714c6ab04399c1f90bbe43013df2a54ffa5d27272fb5dc22fe5775a2d5d4","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/779152/000077915226000088/jkhy-20261001.htm","publishedAt":"2026-10-02","sha256":"0e6fc3e18b6ee211174414938686d29b93cc8560944b006b155f4c502f9a28d6","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:c7508d12653c1c4aadbb6085dd21ad482d3fd9a0bb5726f2da6c57d370f14c08","usage":{"input_tokens":52221,"cached_input_tokens":0,"cache_write_input_tokens":0,"output_tokens":3807,"reasoning_output_tokens":249},"basisSupplement":{"previousHash":"62d0d5332df6315c2618466ab1aa621e8f7b06e7e9541b61096da390de458b0d","checkedAt":"2026-10-18T16:49:32.080Z","rule":"dated historical and missing inputs only; 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a growth-adjusted multiple requires positive growth.","ev_ebitda":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","ebitda_margin":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","net_debt_ebitda":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2024","end":"2024-06-30","values":{"gross_margin":41.347245347980156,"operating_margin":22.088986763064405,"roic":19.616582504437673,"fcf_margin":23.01571217529969,"sbc_revenue":1.3032019689981194},"issues":{"ev_ebitda":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","ebitda_margin":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","net_debt_ebitda":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2025","end":"2025-06-30","values":{"gross_margin":42.71233635668601,"operating_margin":23.942991334103485,"roic":22.208504722390586,"fcf_margin":24.76103950342022,"sbc_revenue":1.1953076847944333},"issues":{"ev_ebitda":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","ebitda_margin":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","net_debt_ebitda":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}},{"period":"2026","end":"2026-06-30","values":{"gross_margin":43.653302488386956,"operating_margin":24.958663134118527,"roic":null,"fcf_margin":27.309922144808535,"sbc_revenue":1.275773393403945},"issues":{"ev_sales":"Cash and cash equivalents is unavailable in the extracted statements for this period.","ev_ebitda":"Cash and cash equivalents is unavailable in the extracted statements for this period.","ebitda_margin":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic":"Cash and cash equivalents is unavailable in the extracted statements for this period.","roiic":"Cash and cash equivalents is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%.","cash":"Cash and cash equivalents is unavailable in the extracted statements for this period.","net_debt":"Cash and cash equivalents is unavailable in the extracted statements for this period.","net_debt_ebitda":"Cash and cash equivalents is unavailable in the extracted statements for this period.","interest_coverage":"The reported inputs required for this metric are unavailable in the extracted statements for this period."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/779152/000077915226000067/jkhy-20260630.htm","publishedAt":"2026-08-28","sha256":"2692cf0d743a1c530855b1f0c9a49864e824dffb61585f5f8d76f7ba3894465a","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/779152/000077915226000025/jkhy-20260331.htm","publishedAt":"2026-05-07","sha256":"726f714c6ab04399c1f90bbe43013df2a54ffa5d27272fb5dc22fe5775a2d5d4","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/779152/000077915226000088/jkhy-20261001.htm","publishedAt":"2026-10-02","sha256":"0e6fc3e18b6ee211174414938686d29b93cc8560944b006b155f4c502f9a28d6","dateKind":"filed"}],"history":[{"version":4,"updatedAt":"2026-10-18T16:49:32.080Z","verdict":"narrow","value":null},{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"narrow","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"narrow","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}