Jack Henry Reports $17.9 Million in Deconversion Revenue for Fiscal Q1 2027
Jack Henry & Associates, Inc. (JKHY) has announced its deconversion revenue results for the first quarter of fiscal year 2027, which ended September 30, 2026. The company reported $17.9 million in deconversion revenue for the period and provided a full-year estimate of $30 million. Deconversion revenue typically arises when clients are acquired by other financial institutions, leading to contract terminations. Because these events are driven by external factors outside the company's control, Jack Henry excludes this figure from its non-GAAP revenue reporting to provide a more accurate representation of its core ongoing business operations.