Jack Henry sets deconversion revenue estimate at $30.0 million for fiscal year

Jack Henry & Associates, Inc. (JKHY) said on Oct. 29, 2026, that deconversion revenue for its fiscal first quarter, ended Sept. 30, was $17.9 million.

Based on those results, the company set its fiscal 2027 deconversion revenue estimate at $30.0 million, according to a press release attached to an 8-K filed the same day.

The company is a financial technology company that serves banks and credit unions. It said it empowers more than 7,200 clients.

Most deconversion revenue is generated when one of its clients agrees to be acquired by another financial institution, which ends the client's contract with Jack Henry. The company said recognition of this revenue is driven by factors outside its control and does not represent the ongoing operations of its business. For that reason, it excludes deconversion revenue from non-GAAP revenue in its quarterly and annual earnings releases.

The release refers to a May 2023 8-K filing that explains how the company develops its deconversion revenue estimates. The Aug. 3, 2023 filing is cited in the release.

The release did not report total revenue or earnings per share for the quarter.