JKHY · 10-Q · 2026Q3 · Full report

Research and Development Expense

JACK HENRY & ASSOCIATES INC · 2026-11-06 · Importance 23 · Surprise 22

Research and development expense increased 16.6% to $45.781 million in the first quarter of fiscal 2027 compared with the prior-year quarter.,Excluding $0.658 million of research and development costs for the company acquired in the prior fiscal year, the increase was 14.9%.,The increase was primarily due to higher personnel costs, net of capitalization, partly related to trailing-twelve-month headcount growth; research and development remained consistent as a percentage of revenue.

Key facts

• JACK HENRY & ASSOCIATES INC's first-quarter fiscal 2027 research and development expense increased 16.6%; excluding $658 of costs for the acquired company, the increase was 14.9%. source
• JACK HENRY & ASSOCIATES INC attributed higher first-quarter fiscal 2027 research and development expense primarily to higher personnel costs, net of capitalization, partly related to trailing-twelve-month headcount growth. source