Jack Henry's third-quarter profit rises on strong fintech demand

Jack Henry & Associates

06/05/2025 22:09

May 6 (Reuters) - Jack Henry & Associates JKHY.O posted about a 28% rise in third-quarter profit on Tuesday, helped by strong demand for the financial technology company's products and services.

The Monett, Missouri-based company offers a range of services from payment processing to business process automation primarily to small- and mid-size financial institutions, helping them to streamline operations and improve efficiency as digital banking picks up pace.

    Jack Henry's services and support revenue increased 8.5% to about $330.8 million during the quarter ended March 31, while its processing revenue increased 8.9% to $254.3 million.

The company's profit rose to $111.1 million, or $1.52 per share, during the period, from $87.1 million, or $1.19 per share, a year earlier.

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Shilpi Majumdar)

 ((JaiveerSingh.Shekhawat@thomsonreuters.com))