Jack Henry & Associates delivered a standout first quarter of fiscal 2026, underscoring the company’s ongoing transformation into a cloud-native, API-first platform tied to a broad payments and digital banking ecosystem. Non-GAAP revenue reached $636 million, up 8.7% year over year, exceeding the 7%–7.5% guidance implied in August and marking another quarter of meaningful margin expansion (non-GAAP operating margin +227 bps to 27.2%). Management highlighted strong private-cloud migration momentum, with 7 client migrations in Q1 and a 77% private-cloud penetration among core clients, reinforcing the strategic value of the cloud-first framework. The Victor Technologies acquisition closed on September 30, expanding the company’s payments-as-a-service and embedded-finance capabilities and creating a path to diversify revenue through treasury management and fintech collaboration.