Financial Data and Key Metrics Changes - Recurring revenue grew by 7% to $4.5 billion in constant currency for fiscal year 2025, while total revenues increased by 6% to $6.9 billion [15] - Adjusted EPS rose by 11% to $8.55, with free cash flow conversion at 104% [16] - An 11% increase in the annual dividend to $3.90 per share was approved, marking the 19th consecutive year of dividend increases [16] Business Line Data and Key Metrics Changes - The first quarter of fiscal year 2026 reported an 8% growth in recurring revenue and a 51% increase in adjusted EPS [17] - Closed sales for the first quarter amounted to $33 million, indicating strong execution of the company's growth strategy [17] Market Data and Key Metrics Changes - The company facilitated over $300 billion per day in tokenized trades in September, positioning itself as a leader in supporting technology for tokenized assets [28] Company Strategy and Development Direction - The company is focused on democratizing investing, simplifying trading, and modernizing wealth management, with a strong emphasis on digital assets and tokenization as key growth areas [17][18] - The management highlighted a pro-innovation regulatory backdrop and accelerating technology changes as significant opportunities for growth in financial services [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the higher end of the recurring revenue growth guidance of 5%-7% due to strong indicators such as client retention and growth in new activities like tokenization [25] - The company is optimistic about the future, emphasizing that digitization, AI, and tokenization will increasingly become core to its business [28] Other Important Information - The company conducted its 17th virtual-only annual meeting, enabling greater shareholder participation [15] - The board of directors and executive compensation received strong approval from shareholders, with over 94% and 91% votes in favor, respectively [19] Q&A Session Summary Question: Is democracy good for business? - Management affirmed that democracy is beneficial for Broadridge, supporting the stability and predictability of capital markets [23] Question: Given current macroeconomic headwinds, what gives confidence in achieving the lower end of the guidance range? - Management cited strong Q&A results and continued momentum across various indicators as reasons for confidence in achieving growth [25] Question: What specific examples can be provided regarding growth from digitization, AI, and tokenization? - Management highlighted a 25 percentage point increase in digitization over the past decade and emphasized AI's integration into all products, along with tokenization being a new mega-trend [26][28] Question: Why are shareholders not able to see questions asked by other owners at virtual meetings? - Management explained that screening of questions is part of the design to prevent inappropriate inquiries, but all questions are responded to on the investor relations website [30] Question: What can be done to streamline the ability for competitors to host virtual meetings? - Management mentioned that an API is available for competitors to host virtual meetings, allowing direct integration with their infrastructure [32]

Financial Data and Key Metrics Changes - Recurring revenue grew by 7% to $4.5 billion in fiscal year 2025, while total revenues increased by 6% to $6.9 billion [13] - Adjusted EPS rose by 11% to $8.55, with free cash flow conversion at 104% [14] - An 11% increase in the annual dividend to $3.90 per share was approved, marking the 19th consecutive year of dividend increases [14] Business Line Data and Key Metrics Changes - The first quarter of fiscal year 2026 reported an 8% growth in recurring revenue and a 51% increase in adjusted EPS [15] - Closed sales for the first quarter amounted to $33 million, indicating strong execution of the company's growth strategy [15] Market Data and Key Metrics Changes - The company facilitated over $300 billion per day in tokenized trades in September, positioning itself as a leader in supporting technology for tokenized assets [25] Company Strategy and Development Direction - The company is focused on democratizing investing, simplifying trading, and modernizing wealth management, with a strong emphasis on digital assets and tokenization as key growth areas [15][16] - The management highlighted a pro-innovation regulatory backdrop and accelerating technology changes as significant opportunities for growth in financial services [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the higher end of the recurring revenue growth guidance of 5%-7% due to strong indicators such as client retention and growth in new activities like tokenization [22][23] - The company is optimistic about the future, emphasizing that digitization, AI, and tokenization will increasingly become core to its business [26] Other Important Information - The company conducted its 17th virtual-only annual meeting, enabling increased shareholder participation [4][13] - The board of directors and executive compensation received strong approval from shareholders, with over 94% and 91% of votes in favor, respectively [18][19] Q&A Session Summary Question: Is democracy good for business? - Management affirmed that democracy is beneficial for Broadridge, supporting the stability and predictability of capital markets, which aids in wealth creation and job investment [21] Question: Given current macroeconomic headwinds, what gives confidence in achieving the lower end of the guidance range? - Management cited strong Q&A results and continued momentum across various indicators, leading to an expectation of recurring revenue growth at the higher end of the guidance range [22][23] Question: What concrete examples exist for growth from digitization, AI, and tokenization? - Management highlighted a 25 percentage point increase in digitization over the past decade, AI integration in all products, and a leadership position in tokenized trades as key growth drivers [24][25][26] Question: Why are shareholders unable to see questions asked by other owners during virtual meetings? - Management explained that this is part of the design to screen questions, ensuring appropriateness, but all questions are responded to on the investor relations website [27][28] Question: What can be done to streamline virtual meetings for competitors? - Management mentioned the availability of an API for competitors to host virtual meetings and integrate with their infrastructure [29][30]