MEDIUMBuilt-inCustomer
financial services industry (banks & credit unions)
“10-K Item 1A: 'We derive most of our revenue from products and services we provide to the financial services industry.'”
JKHY · Concentration risk · 10-K extracted
Jack Henry & Associates (JKHY) concentration risks
Updated
The most significant concentration Jack Henry & Associates discloses is financial services industry (banks & credit unions), classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Jack Henry & Associates’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
third-party hosting vendors (concentrated)
“10-K Item 1A: 'This reliance is further concentrated as we use certain third-party vendors to provide large portions of our hosting needs.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-09-06Jack Henry & Associates' concentration risk is structural rather than counterparty-specific, tied closely to its core market and technology infrastructure. The company derives most of its revenue from products and services provided to the financial services industry, a medium-share exposure that reflects Jack Henry's deliberate focus on banks and credit unions rather than a broad, diversified customer base — meaning results are correlated with the health and technology spending of that single industry. That focus is compounded by an infrastructure dependency: reliance on third-party vendors is further concentrated because the company uses certain vendors to provide large portions of its hosting needs, another medium-share exposure, but one characterized as a dependency rather than a structural market feature. Together, these two exposures describe a company whose growth is tied to financial-industry technology budgets and whose service delivery rests on a narrow set of hosting partners — a slowdown in bank or credit-union technology spending, or a disruption at one of those hosting vendors, would both flow through directly rather than being absorbed by a more diversified base.
For the engine’s reasoning on JKHY’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Information Technology Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CACI | CACI International, Inc. | 3 | 1 | 0 | 4 |
| BBAI | BigBear.ai, Inc. | 1 | 1 | 0 | 2 |
| JKHY● | Jack Henry & Associates, Inc. | 0 | 2 | 0 | 2 |
| ACN | Accenture plc | 0 | 0 | 0 | 0 |
| APLD | Applied Digital Corporation | 0 | 0 | 0 | 0 |
| BR | Broadridge Financial Solutions, | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.