Jack Henry & Associates — Aug 19, 2025 release

We are also securing larger customers as they recognize the value of our technology roadmap along with the strategic partnerships and insight we provide. 2.) What is the expected quarterly cadence for non-GAAP revenue for Fiscal Year 2026? • We expect the first quarter to be above the full year revenue guidance midpoint by approximately 100 bps. • We expect the second quarter to be below the full year revenue guidance midpoint by approximately 100 bps. ◦ Our largest client event, Connect, along with its revenue and expense is moving from the second quarter in fiscal year 2025 to the first quarter in fiscal year 2026. ◦ Without this move the quarterly revenue cadence for the first half of fiscal year 2026 would be relatively consistent across the quarters. ▪ Connect will revert to the second quarter of fiscal year 2027 and thereafter. • The third quarter of fiscal year 2026 is expected to be slightly weaker, followed by a slightly stronger fourth quarter. 15 3.) What is the impact of recent federal tax legislation on free cash flow? • Full expensing of research and development costs (IRC 174) and 100% "bonus" tax depreciation will have a meaningful favorable impact on free cash flow. • We will be making an election in the coming months on how we will implement the tax law changes and depending upon that election there are two scenarios: ◦ We could see a more significant impact in fiscal year 2026 with limited non-recurring impact in the future or, ◦ We could elect to take the benefit spread across fiscal years 2026 and 20