JKHY · 10-K · 2026A · Full report

Income Tax Rate Changes

JACK HENRY & ASSOCIATES INC · 2026-08-28 · Importance 35 · Surprise 22

Income tax provision increased 15.1% to $150.0 million in fiscal 2026 from $130.3 million in fiscal 2025. The effective tax rate rose to 23.0% from 22.2%, primarily because fiscal 2025 investment tax credit benefits did not recur and stock-based compensation tax effects differed between periods. The OBBBA did not materially affect the current-period effective tax rate, but the company reported significantly lower cash tax payments and income taxes payable in fiscal 2026. The filing states that the legislation’s tax effects on current and deferred tax balances were recorded in the income tax provision.

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