Most of Jack Henry’s $42.8M Came From Clients Being Acquired

Jack Henry (Nasdaq: JKHY) announced fiscal 2026 deconversion revenue of $42.8 million, with $9.3 million reported in the fourth quarter. This revenue primarily stems from clients being acquired by other financial institutions, leading to contract terminations with Jack Henry. The company emphasizes that this deconversion revenue is driven by external factors and is therefore excluded from its non-GAAP revenue to accurately reflect its core operations.