Jack Henry & Associates — Feb 4, 2025 release

Calculation of Free Cash Flow (Non-GAAP) Six Months Ended December 31, (In thousands) 2024 2023 Net cash from operating activities $ 206,543   $ 238,672  Capitalized expenditures (29,469) (24,458) Internal use software (3,528) (2,971) Proceeds from sale of assets —   878  Capitalized software (85,803) (83,408) FREE CASH FLOW $ 87,743   $ 128,713   Calculation of the Return on Average Shareholders’ Equity December 31, (In thousands) 2024 2023 Net income (trailing four quarters) $ 405,208   $ 372,966  Average stockholder's equity (period beginning and ending balances) 1,849,976   1,617,689  RETURN ON AVERAGE SHAREHOLDERS’ EQUITY 21.9% 23.1% Calculation of Return on Invested Capital (ROIC) (Non-GAAP) December 31, (In thousands) 2024 2023 Net income (trailing four quarters) $ 405,208   $ 372,966  Average stockholder's equity (period beginning and ending balances) 1,849,976   1,617,689  Average current maturities of long-term debt and financing leases (period beginning and ending balances) 45,000   11  Average long-term debt (period beginning and ending balances) 157,500   265,000  Average invested capital $ 2,052,476   $ 1,882,700  ROIC 19.7% 19.8% 14 GAAP to Non-GAAP EPS Reconciliation Table FY25 Guidance GAAP EPS $5.78-$5.87 Excluded Activity, net of Tax: Deconversion* $0.13 Non-GAAP EPS $5.65-$5.74 *We are not aware of any other discreet adjustments at this time. Deconversion revenue and related operating expenses are based on actual results for fiscal second quarter 2025 and estimates for the remainder of fiscal year 2025, based on the lowest actual recent historical results. See the Company’s Form 8-K filed with the Securities and Exchange Commission on January 27, 2025. 15