Broadridge Financial Solutions Inc

Latest Results (16.12.2025):

Broadridge Financial Solutions, Inc. reported results for the third quarter of fiscal 2025 (quarter ended March 31, 2025). Recurring revenues were $1,203.9M (up 7%; +8% constant currency), total revenues were $1,811.7M (up 5%), diluted EPS was $2.05 (up 15%) and Adjusted EPS was $2.44 (up 9%). The company reaffirmed its FY‑2025 recurring revenue and adjusted EPS guidance range while revising closed‑sales guidance lower.

Revenue and recurring growth

Total revenues: $1,811.7M (+5%). Recurring revenues: $1,203.9M (+7%; +8% constant currency). Event‑driven revenues fell 21% to $52.7M; distribution revenues rose 4% to $555.0M (including ~ $32M benefit from a postage rate increase).

Earnings and margins

Operating income: $344.9M (+14%) with GAAP operating margin 19.0% (versus 17.5% prior year). Adjusted operating income: $405.2M (+10%) with adjusted margin 22.4% (versus 21.4% prior year). Diluted EPS (GAAP): $2.05 (+15%); Adjusted EPS: $2.44 (+9%).

Segment performance

Investor Communication Solutions (ICS): revenues $1,347.5M (+4%); recurring up 6% led by regulatory and data‑driven fund solutions; event‑driven down due to lower proxy contest activity. Global Technology & Operations (GTO): revenues $464.1M (+9%); recurring up 11% constant currency, including ~6 pts contribution from the Kyndryl SIS acquisition and +5 pts organic growth.

Cash flow, balance sheet and capital allocation

Nine‑month net cash from operations: $471.6M; Free cash flow (nine months, Non‑GAAP): $393.2M. Cash & cash equivalents at quarter end: $317.2M. Long‑term debt was $3,433.6M at March 31, 2025.

Guidance and sales pipeline

Broadridge reaffirmed FY‑25 guidance: recurring revenue growth (constant currency) 6–8% and Adjusted EPS growth in the middle of 8–12%. Closed sales were $71.2M for the quarter (down 11% year‑over‑year); FY25 closed‑sales guidance was lowered to $240–300M (from $290–330M).

Other notable items

Effective tax rate for the quarter rose to 21.8% (from 19.8% prior year). Interest expense decreased to $31.1M (down ~$4M) reflecting lower average borrowing rates. The company recorded $5.5M of restructuring/severance in the quarter related to a facility closure.