Jack Henry Board Changes, David Foss to Serve as Vice Chair
For several years, the Board has been developing and executing a plan to support thoughtful renewal and an orderly transition of independent director leadership, helping to ensure the Board remains well positioned to oversee emerging risks and capitalize on the company's many opportunities to create long-term value. Reflecting input received through ongoing engagement with stockholders, the Board is advancing the next phase of its planned evolution. Pursuant to this plan, David Foss, former President and CEO of Jack Henry & Associates, will assume the role of Vice Chair and Lead Independent Director, effective as of the company's 2026 Annual Meeting of Stockholders. In addition, Shikhar Ghosh and Jack VanWoerkom will retire from the Board, effective as of the Annual Meeting. Following the Annual Meeting, the Board will be comprised of ten members.
Trade with 70% Backtested Accuracy
Analyst Views on JKHY
About JKHY
About the author

Jack Henry Reports $6.2 Million Deconversion Revenue in Q2
- Deconversion Revenue Growth: Jack Henry reported $6.2 million in deconversion revenue for Q2 of fiscal 2025, indicating increased activity in client acquisitions compared to the previous year.
- Full-Year Revenue Guidance Raised: Following the strong Q2 performance, Jack Henry has raised its deconversion revenue estimate for fiscal 2026 to $28 million, reflecting a positive outlook on future market dynamics.
- Nature of Revenue Explained: The deconversion revenue primarily arises when clients are acquired by other financial institutions, highlighting that this revenue is influenced by external factors and does not accurately represent Jack Henry's core operational performance.
- Exclusion from Non-GAAP Revenue: Jack Henry excludes deconversion revenue from its non-GAAP revenue in quarterly and annual reports, emphasizing the stability and sustainability of its ongoing business operations.

Jack Henry Launches Transaction Enrichment Feature on Banno Platform
- Transaction Enrichment Launch: Jack Henry successfully rolled out its native transaction enrichment capabilities on the Banno Digital Platform in collaboration with Bud Financial, enabling banks and credit unions to provide clear transaction details, thereby enhancing users' everyday financial management.
- Data-Driven Decision Making: By integrating Bud's Enrich product, Jack Henry offers high-quality transaction categorization and merchant detection, helping financial institutions gain actionable data to personalize customer experiences and optimize decision-making processes.
- Enhanced User Experience: Julie Morlan, Assistant Vice President at Jack Henry, stated that this integration allows clients to gain clearer visibility into spending behaviors and merchant activities, thus delivering more relevant and trusted user experiences while advancing the evolution of human-focused user experience.
- Market Leadership: Bud Financial has rapidly scaled since 2015, processing tens of billions of transactions and focusing on providing intelligent transaction data to help financial institutions achieve personalized services and optimize operations, further solidifying its leading position in the fintech sector.






