Broadridge(BR)

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Broadridge(BR) - 2025 Q3 - Quarterly Results
2025-05-01 11:58
Revenue Growth - Recurring revenues increased by 7% to $1,204 million in Q3 FY2025, with constant currency growth at 8%[1] - The company reaffirmed FY2025 guidance of 6-8% Recurring revenue growth in constant currency and Adjusted EPS growth in the middle of the 8-12% range[2] - Total revenues for the nine months increased by 6% to $4,824 million, with Recurring revenues up 6% to $3,084 million[9] - Revenues for the three months ended March 31, 2025, were $1,811.7 million, an increase of 4.9% compared to $1,726.5 million for the same period in 2024[34] - Total revenues for the three months ended March 31, 2025, were $1,811.7 million, representing a 5% increase from $1,726.5 million in the same period of 2024[45] - Investor Communication Solutions revenue increased to $1,347.5 million, up 4% from $1,301.4 million year-over-year[45] - Global Technology and Operations revenue rose to $464.1 million, a 9% increase compared to $425.1 million in the prior year[45] - Recurring revenues for the three months ended March 31, 2025, were $1,203.9 million, a 7% increase from $1,126.2 million year-over-year[45] - Total ICS recurring revenues for the nine months ended March 31, 2025, were $1,773.0 million, reflecting a 7% increase from $1,663.2 million in the same period of 2024[45] - Recurring revenue growth for the three months ended March 31, 2025, was 7% (GAAP), with constant currency growth (Non-GAAP) at 8%[61] - Recurring revenue growth for the Data-Driven Fund segment was 6% (GAAP) and 7% (constant currency) for the nine months ended March 31, 2025[57] - The Wealth and Investment Management segment reported a recurring revenue growth of 7% (GAAP) and 7% (constant currency) for the same period[59] Earnings Performance - Diluted EPS rose 15% to $2.05, while Adjusted EPS grew 9% to $2.44[1] - Net earnings increased by 14% to $243 million, while Adjusted Net earnings rose by 8% to $289 million[6] - Basic earnings per share for the three months ended March 31, 2025, were $2.07, compared to $1.81 for the same period in 2024, reflecting a growth of 14.4%[34] - Adjusted earnings per share (EPS) for the three months ended March 31, 2025, was $2.44, up from $2.23 in the same period of 2024[51] - Diluted earnings per share (GAAP) is anticipated to grow by 20% to 25% for FY25, while adjusted earnings per share (Non-GAAP) growth is expected to be between 8% and 12%[61] Operating Income - Operating income increased by 14% to $345 million, with an operating income margin of 19.0%[6] - The company reported a total operating income of $344.9 million for the three months ended March 31, 2025, up from $302.9 million in the same period of 2024, representing a growth of 13.9%[34] - Adjusted operating income for the three months ended March 31, 2025, was $405.2 million, up from $369.5 million in the same period of 2024[51] Cash Flow and Liquidity - Free cash flow for the nine months ended March 31, 2025, was $471.6 million, indicating strong liquidity for potential dividends and strategic acquisitions[38] - Free cash flow for the nine months ended March 31, 2025, was $393.2 million, up from $258.6 million in the previous year, representing a 52% increase[54] - The company recorded a net cash flow from operating activities of $471.6 million for the nine months ended March 31, 2025, compared to $335.2 million in the previous year[54] - Cash and cash equivalents at the end of the period were $317.2 million, compared to $235.6 million at the end of March 31, 2024, showing an increase of 34.6%[38] Strategic Focus - The company’s strategy focuses on digitizing governance and modernizing wealth management, positioning for long-term growth[3] - The company anticipates continued revenue growth and has set financial guidance for fiscal year 2025, reflecting management's positive outlook despite market uncertainties[26] Tax and Debt - The effective tax rate for Q3 FY2025 was 21.8%, up from 19.8% in the prior year period[6] - Long-term debt increased to $3,433.6 million as of March 31, 2025, compared to $3,355.1 million in the previous year[36] - The company incurred acquisition costs of $193.5 million during the nine months ended March 31, 2025, indicating ongoing investment in growth[38]
Broadridge(BR) - 2025 Q3 - Earnings Call Presentation
2025-05-01 11:09
Powering and transforming financial markets Earnings Conference Call Fiscal Third Quarter 2025 May 1, 2025 Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives of Broadridge Financial Solutions, Inc. ("Broadridge" or the "Company") contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words s ...
Countdown to Broadridge Financial (BR) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2025-04-29 14:21
In its upcoming report, Broadridge Financial Solutions (BR) is predicted by Wall Street analysts to post quarterly earnings of $2.39 per share, reflecting an increase of 7.2% compared to the same period last year. Revenues are forecasted to be $1.86 billion, representing a year-over-year increase of 7.6%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this t ...
Broadridge Schedules Webcast and Conference Call to Review Third Quarter Fiscal Year 2025 Results on May 1, 2025
Prnewswire· 2025-04-21 22:45
Core Viewpoint - Broadridge Financial Solutions, Inc. is set to announce its financial results for the third quarter of fiscal year 2025 on May 1, 2025, with a conference call scheduled for 8:30 a.m. ET on the same day [1]. Group 1: Financial Results Announcement - The financial results for the third quarter of fiscal year 2025 will be released on May 1, 2025 [1]. - A webcast and conference call will be held to discuss the results, featuring CEO Tim Gokey and CFO Ashima Ghei [1]. Group 2: Accessing the Event - Investors can access the live event and slide presentation on Broadridge's Investor Relations website [2]. - For those wishing to listen to the call, a dedicated phone line is available for U.S. callers and an international line for overseas participants [2]. Group 3: Replay Information - A replay of the webcast will be available on the Investor Relations website [3]. - The recording of the call can be accessed until May 8, 2025, using specific dial-in numbers and a passcode [3]. Group 4: Company Overview - Broadridge Financial Solutions is a global technology leader in the financial services industry, providing transformative technology and expertise [4]. - The company processes over 7 billion communications annually and supports daily trading of more than $10 trillion in securities globally [5]. - Broadridge is recognized as a Great Place to Work® and is part of the S&P 500® Index, employing over 14,000 associates across 21 countries [5].
Is Broadridge Financial Solutions (BR) Stock Outpacing Its Business Services Peers This Year?
ZACKS· 2025-04-10 14:45
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Broadridge Financial Solutions (BR) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.Broadridge Financial Solutions is one of 272 individual stocks in the Business Services sector. Collectively, these companies sit at #7 in ...
Broadridge Collaborates with Fnality to Enable Real-Time Settlement for Intraday Repo Transactions
Prnewswire· 2025-04-09 06:00
Core Insights - Broadridge Financial Solutions and Fnality have successfully demonstrated interoperability between Broadridge's Distributed Ledger Repo (DLR) platform and Fnality's Payment System (FnPS), enhancing efficiency, liquidity, and risk reduction in financial markets [1][2][3] - The collaboration enables real-time delivery versus payment (DvP) settlement of intraday repo transactions, utilizing a digital representation of funds held at central banks [1][2] - This initiative is pivotal for the financial sector's growth and global competitiveness, supporting the transition towards real-time settlement [3] Company Overview - Broadridge Financial Solutions is a global fintech leader with over $6 billion in revenues, providing critical infrastructure for investing, corporate governance, and communications [4] - The company supports daily trading of more than $10 trillion in equities, fixed income, and other securities globally, employing over 14,000 associates in 21 countries [4] - Fnality is developing regulated DLT-based wholesale payment systems, with each system supervised by its respective central bank [6][7] Market Impact - The collaboration addresses the industry's demand for faster and more secure settlements, particularly in the U.S. and Europe [2][3] - The launch of Fnality Payment Systems (FnPS) will enable real-time cross-currency payments and secure atomic settlement of delivery versus payment transactions [7] - The Sterling FnPS, recognized as a systemically important payment system, commenced controlled live payments in December 2023, marking a significant milestone in regulated DLT-based wholesale payment systems [8][9]
All You Need to Know About Broadridge Financial (BR) Rating Upgrade to Buy
ZACKS· 2025-04-08 17:01
Broadridge Financial Solutions (BR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power ...
Broadridge Launches Global Digital Assets Solutions
Prnewswire· 2025-04-08 05:00
Core Insights - Broadridge Financial Solutions has launched Broadridge Digital Assets Solutions to assist financial institutions in scaling their digital asset strategies while ensuring compliance with global regulations in the growing crypto and digital asset market [1][2][6] Company Overview - Broadridge is a global technology leader that provides transformative technology and expertise to help clients in the financial services industry operate, innovate, and grow [7] - The company processes over 7 billion communications annually and supports daily trading of more than $10 trillion in securities globally [8] Digital Asset Solutions - Broadridge Digital Asset Solutions aims to enhance investor education and choice by providing tools that allow better access, understanding, and monitoring of digital assets across various intermediaries and exchanges [2][3] - The solutions address the increasing demand for disclosure and governance in cryptocurrency and tokenized assets, helping financial institutions align with global regulatory standards [2][6] ClearFi Initiative - A key feature of Broadridge Digital Asset Solutions is ClearFi, launched in October 2024, which helps investors and advisers access and understand their digital asset investments more effectively [4] - ClearFi aggregates data from numerous trusted sources, providing standardized information that enhances transparency and investor education [5] Market Context - The global financial landscape is shifting towards digital assets, and Broadridge's solutions provide a framework for scaling operations and ensuring regulatory compliance, ultimately empowering investors [6]
Here's Why You Should Retain Broadridge Financial Stock for Now
ZACKS· 2025-04-04 14:35
Broadridge Financial Solutions, Inc. (BR) has had an impressive run over the past year. The stock has gained 21% compared with the 11% rally of the industry.BR has an impressive Growth Score of A. This style score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth.The company’s earnings for fiscal 2025 and 2026 are expected to improve 10.4% and 9.1% year over year, respectively. Revenues are expected to increase 6.6% ...
Investments in AI and Digital Asset Surge While Data and Legacy Tech Challenges Persist, Broadridge Digital Transformation Study Finds
Prnewswire· 2025-04-03 06:00
Core Insights - Data strategy has become a critical focus for the financial services industry in 2025, driven by AI, digital assets, operational resilience, and personalization [1][2] - A significant portion of executives (41%) believe their technology strategy is not progressing quickly enough, and 46% feel that legacy technology is hindering operational resilience [1][4] Data Management and Investment - Over half (58%) of financial services technology and operations executives view data harmonization as essential for maximizing ROI, with 60% confident in their data quality [2][4] - Firms are expected to allocate 29% of their total IT spend to technology innovation over the next two years, an increase of seven percentage points from the previous year [4] Adoption of Technologies - Cloud technology is widely adopted, with 86% of firms integrating it into their processes and 84% making significant investments in it this year [3] - 72% of firms are making moderate to large investments in Generative AI (GenAI) this year, a notable increase from 40% in 2024 [5] - 71% of firms are investing heavily in blockchain and distributed ledger technologies (DLT), up from 59% in 2024 [5] Digital Assets and Future Trends - There is a growing focus on digital assets, with 50% of executives anticipating significant adoption of digital assets and ledger technology in capital markets over the coming years [4][5] - 73% of executives agree that increased regulation and governance around digital assets is expected in the future [5] Operational Efficiency and Transformation - A clear data strategy is seen as crucial for achieving maximum returns on technology investments, yet 40% of executives acknowledge data quality issues [4] - Firms are recognizing the limitations of piecemeal solutions and are focusing on comprehensive data strategies to drive transformation [7]