Jack Henry & Associates — Aug 19, 2025 release

◦ 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 2027. • Overall this legislation will allow Jack Henry to produce historical levels of free cash flow conversion of approximately 85% to 100% in future years. 4.) What is impacting GAAP EPS growth for fiscal year 2026? • Starting in fiscal year 2024, we altered our methodology for deconversion guidance, starting the year with conservative guidance for deconversion revenue and adjusting the guidance throughout the year based on contracted volume. ◦ Decreased industry consolidation through the third quarter of fiscal year 2025 resulted in lower deconversion revenue, some