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# Jack Henry Puts Fiscal 2027 Deconversion Revenue At $30 Million, With $17.9 Million Already In
- URL: https://www.bullished.co/jack-henry-puts-fiscal-2027-deconversion-revenue-at-30-million-with-17-9-million-already-3eb05d6f/
- Published: 2026-10-29T20:51:40.000Z
- Updated: 2026-10-29T20:51:40.000Z
- Description: The bank-software provider says fees from clients that leave after being acquired are outside its control and stay out of adjusted revenue.
- Author: Matteo Parrino
- Tags: Deals, JKHY, Industry: Technology

Jack Henry, which sells core processing, digital banking and payment systems to community banks and credit unions, said [deconversion revenue](https://www.sec.gov/Archives/edgar/data/0000779152/000077915226000092/jkhy-20261029.htm?ref=bullished.co) was $17.9 million in its fiscal first quarter ended September 30, 2026, and put its fiscal 2027 estimate at $30.0 million. The company disclosed the figures Thursday in an [8-K](https://www.bullished.co/learn/8-k-items-explained/) and a press release.

## Where the fees come from

Deconversion revenue is what Jack Henry books when a client's contract ends early. According to the [press release](https://www.prnewswire.com/news-releases/jack-henry-announces-fiscal-2027-first-quarter-deconversion-revenue-results-302924222.html?ref=bullished.co), most of it arises when a client agrees to be acquired by another financial institution, which terminates the client's Jack Henry contract.

The [$30.0 million](https://www.prnewswire.com/news-releases/jack-henry-announces-fiscal-2027-first-quarter-deconversion-revenue-results-302924222.html?ref=bullished.co) full-year estimate is based on the first-quarter result, the company said. The quarter's $17.9 million is therefore part of that estimate, not a separate amount.

For how it builds these estimates, the company pointed readers to a current report on Form 8-K it filed with the SEC on Aug. 3, 2023.

## Kept out of adjusted revenue

Jack Henry said it recognizes this revenue because of factors outside its control, and that the revenue "does not represent the true operations" of its ongoing business of serving clients. For that reason it leaves deconversion revenue out of non-GAAP revenue, meaning adjusted revenue, in its quarterly and annual earnings releases.

In practice, the fees show up in reported results but not in the adjusted revenue line the company highlights.

## A client base of 7,200

Jack Henry's core systems process deposit, loan and general ledger transactions, and it also sells digital banking, card and electronic payment products. It says it serves [over 7,200](https://markets.ft.com/data/announce/detail?dockey=600-202610261002PR%5FNEWS%5FUSPRX%5F%5F%5F%5FCG79828-1&ref=bullished.co) financial institutions and corporate entities, including over 900 banks and over 700 credit unions on its core systems, according to its annual report for the fiscal year ended June 30, 2026.

Those clients are the pool from which merger-driven terminations come. The press release describes the company as serving more than [7,200 clients](https://markets.ft.com/data/announce/detail?dockey=600-202610261002PR%5FNEWS%5FUSPRX%5F%5F%5F%5FCG79828-1&ref=bullished.co).

Jack Henry's next quarterly earnings releases will again report adjusted revenue without deconversion fees, the company said.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — JACK HENRY & ASSOCIATES INC (JKHY)](https://www.sec.gov/Archives/edgar/data/0000779152/000077915226000092/jkhy-20261029.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit jkhy-prdatedoctober292026x.htm — JACK HENRY & ASSOCIATES INC 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0000779152/000077915226000092/jkhy-prdatedoctober292026x.htm?ref=bullished.co) — SEC EDGAR
- [Nuuvia and Jack Henry Collaborate to Help Financial Institutions Capture Early Loyalty, Build Lifelong Relationships](https://finance.yahoo.com/small-business/articles/nuuvia-jack-henry-collaborate-help-134600345.html?ref=bullished.co) — Yahoo Finance
- [Forbes Names Jack Henry One of America's Most Trusted Companies – Company Announcement - FT.com](https://markets.ft.com/data/announce/detail?dockey=600-202610261002PR%5FNEWS%5FUSPRX%5F%5F%5F%5FCG79828-1&ref=bullished.co) — Financial Times
- [Jack Henry Announces Fiscal 2027 First Quarter Deconversion Revenue Results](https://www.prnewswire.com/news-releases/jack-henry-announces-fiscal-2027-first-quarter-deconversion-revenue-results-302924222.html?ref=bullished.co) — prnewswire.com