• 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, somewhat masking the effect of this change. ◦ Industry consolidation increased during fourth quarter fiscal year 2025 continuing into fiscal year 2026. ◦ We will continue to guide deconversion revenue conservatively at the beginning of each fiscal year and adjust the guidance quarterly, as necessary. ▪ This approach is the primary driver of the lower fiscal year-over-year growth in EPS. ▪ If deconversion revenue for fiscal year 2026 was flat compared to fiscal year 2025, it would add approximately $.16 to fiscal year 2026 GAAP EPS. 16

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other guidance in this release

Text is the filed exhibit, verbatim.