Core Insights - Broadridge Financial Solutions reported strong first-quarter results for fiscal year 2026, with recurring revenues growing by 9% to $977 million and total revenues increasing by 12% to $1,589 million compared to the same period last year [1][4] - The company raised its fiscal year 2026 recurring revenue growth outlook to the higher end of the 5-7% guidance range and reaffirmed its guidance for adjusted EPS growth of 8-12% and closed sales of $290-$330 million [2][3] Financial Performance - Recurring revenues increased by $77 million, or 9%, from $900 million in the previous year [1][4] - Total revenues rose by $166 million, or 12%, from $1,423 million in the prior year [1][4] - Operating income grew by 40% to $189 million, with an operating margin of 11.9%, up from 9.4% [1][5] - Adjusted EPS increased by 51% to $1.51, compared to $1.00 in the prior year [1][4] Segment Results - Event-driven revenues surged by 81% to $114 million, driven by a higher volume of mutual fund proxy communications [5] - Distribution revenues increased by 8% to $498 million, influenced by a postage rate increase of approximately $25 million [5] - The Investor Communication Solutions (ICS) segment generated revenues of $1,130 million, while the Global Technology and Operations (GTO) segment contributed $459 million [31] Acquisitions and Investments - Broadridge made two tuck-in acquisitions during the quarter to enhance its governance business, acquiring Signal for approximately $27 million and iJoin for about $35 million [2][7][8] - The company repurchased $150 million of its shares, indicating a commitment to returning value to shareholders [2] Guidance and Outlook - The company expects fiscal year 2026 recurring revenue growth at the higher end of the 5-7% guidance range, with continued margin expansion and strong closed sales [2][3] - The adjusted operating income margin is expected to remain between 20-21% [3]

Core Insights - Broadridge Financial Solutions, Inc. has a market capitalization of $29.3 billion and is recognized as a global leader in financial technology, providing essential services to various financial institutions [1] - The company operates through two main segments: Investor Communication Solutions and Global Technology & Operations, offering a wide range of services from regulatory communications to securities processing [2] Financial Performance - Broadridge's stock has experienced a decline of 9.7% from its 52-week high of $271.91, while it has risen 2.8% over the past three months, underperforming the Nasdaq Composite's 13.4% increase during the same period [3] - Year-to-date, Broadridge's stock is up 8.6%, lagging behind the Nasdaq's 15.7% gain, and has increased by 16.1% over the past 52 weeks compared to the Nasdaq's nearly 27% return [4] Recent Developments - On August 5, Broadridge's shares surged 6.8% following the release of strong Q4 2025 results, reporting adjusted EPS of $3.55 and revenue of $2.07 billion, driven by a 5% increase in the Investor Communication Solutions segment and a 12% rise in Global Technology & Operations [5] - Management provided an optimistic fiscal 2026 guidance, projecting 5% - 7% recurring revenue growth and 8% - 12% adjusted EPS growth [6] Analyst Sentiment - Analysts maintain a cautious outlook on Broadridge, with a consensus rating of "Hold" from nine analysts, and a mean price target of $277.57, indicating a 13% premium to current levels [7]

Core Insights - Broadridge Financial Solutions reported revenue of $2.07 billion for the quarter ended June 2025, reflecting a 6.2% increase year-over-year and a positive surprise of 0.61% over the Zacks Consensus Estimate of $2.05 billion [1] - The earnings per share (EPS) for the quarter was $3.55, slightly up from $3.50 in the same quarter last year, with an EPS surprise of 1.14% compared to the consensus estimate of $3.51 [1] Revenue Performance - Global Technology and Operations revenue reached $464.7 million, exceeding the average estimate of $454.93 million by analysts, marking an 11.7% increase year-over-year [4] - Total recurring revenues from Investor Communication Solutions (ICS) were $958.8 million, slightly below the average estimate of $969.03 million, but still showing a 5.3% year-over-year increase [4] - ICS Event-driven revenues from equity and other sources were $38.2 million, which is a 9.3% decrease year-over-year, while mutual funds generated $40.7 million, significantly above the estimate of $25.51 million, reflecting a 19.7% increase [4] - Total ICS Event-driven revenues amounted to $78.9 million, surpassing the average estimate of $58.62 million, with a year-over-year increase of 3.7% [4] - Distribution revenues from ICS were $562.9 million, slightly below the estimate of $570.24 million, but still showing a 3.9% increase year-over-year [4] - Overall revenues from ICS totaled $1.6 billion, matching the average estimate, with a year-over-year change of 4.7% [4] - GTO Recurring revenues from capital markets were $285.4 million, slightly below the estimate of $288.64 million, reflecting a 4.7% year-over-year increase, while wealth and investment management revenues surged by 25% to $179.3 million, exceeding the estimate of $166.55 million [4] Stock Performance - Broadridge Financial's stock has returned 3.3% over the past month, outperforming the Zacks S&P 500 composite, which saw a 1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Performance Highlights - Broadridge's FY25 recurring revenue grew by 7% in constant currency[14] - Adjusted EPS grew by 11% in FY25[14] - Closed sales reached $288 million in FY25[14] - Q4'25 Recurring revenues were $1424 million, a 7% increase[23] - Adjusted EPS for Q4'25 was $355, a 1% increase[23] Segment Performance (Recurring Revenue) - ICS (Investor Communication Solutions) recurring revenues for FY25 were $2732 million, up 6%[25] - GTO (Global Technology and Operations) recurring revenues for FY25 were $1776 million, up 8%[28] - Capital Markets recurring revenue grew by 6% to $1115 million in FY25[28] - Wealth & Investment Management recurring revenue grew by 12% to $661 million in FY25[28] Growth Drivers and Future Outlook - Equity position growth was 16% in FY25[31] - Internal Trade Growth was 13% in FY25[31] - Broadridge expects 5-7% recurring revenue growth in constant currency for FY26[14] - Broadridge projects 8-12% adjusted EPS growth for FY26[14]

Core Insights - Broadridge Financial Solutions reported a strong fiscal year 2025 with a 7% growth in recurring revenues and an 11% increase in adjusted EPS, alongside closed sales of $288 million [1][2][3] Financial Performance - Recurring revenues for Q4 2025 reached $1,424 million, a 7% increase from $1,326 million in Q4 2024, while total revenues increased 6% to $2,065 million from $1,944 million [1][7] - For the fiscal year 2025, total revenues were $6,889 million, up 6% from $6,507 million in fiscal year 2024, with recurring revenues at $4,508 million, also a 7% increase [1][12] - Operating income for Q4 2025 was $499 million, a 13% increase from $441 million in Q4 2024, with an operating income margin of 24.1% [1][7] - Diluted EPS for fiscal year 2025 was $7.10, a 21% increase from $5.86 in the previous year [1][12] Dividend and Shareholder Returns - The Board approved an 11% increase in the annual dividend to $3.90 per share, marking the 19th consecutive annual dividend increase [2][16] Strategic Initiatives - The company invested in strategic M&A to enhance its wealth business in Canada and repurchased $100 million of its shares, reflecting strong free cash flow and balanced capital allocation [2] - Broadridge announced the proposed acquisition of Acolin Group Holdco Limited for approximately $70 million, aimed at strengthening its European fund distribution network [15] Future Guidance - For fiscal year 2026, Broadridge anticipates 5-7% growth in recurring revenues and 8-12% growth in adjusted EPS [3][4]

Core Insights - Analysts expect Broadridge Financial Solutions (BR) to report quarterly earnings of $3.51 per share, reflecting a year-over-year increase of 0.3% [1] - Revenue projections stand at $2.05 billion, indicating a 5.6% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the past 30 days, suggesting stability in analyst projections [1] Revenue Estimates - 'Revenues- Global Technology and Operations' are estimated at $454.93 million, representing a year-over-year change of +9.4% [4] - 'Investor Communication Solutions- Total ICS Recurring revenues' is projected to be $969.03 million, indicating a +6.4% change year over year [4] - 'Investor Communication Solutions- ICS Event-driven revenues- Equity and other' is expected to be $33.11 million, reflecting a -21.4% year-over-year change [5] - 'Investor Communication Solutions- ICS Event-driven revenues- Mutual funds' is forecasted at $25.51 million, indicating a -25% change year over year [5] - 'Investor Communication Solutions- Total ICS Event-driven revenues' is estimated at $58.62 million, suggesting a -23% year-over-year change [6] - 'Investor Communication Solutions- Distribution revenues' is projected to reach $570.24 million, indicating a +5.2% change from the prior year [6] - 'Revenues- Investor Communication Solutions' is expected to be $1.60 billion, reflecting a +4.5% year-over-year change [7] - 'Investor Communication Solutions- ICS Recurring revenues- Data-driven fund solutions' is estimated at $128.26 million, indicating a +5.3% change from the prior year [7] - 'Investor Communication Solutions- ICS Recurring revenues- Issuer' is projected to be $148.54 million, reflecting a +5.3% year-over-year change [8] - 'Investor Communication Solutions- ICS Recurring revenues- Customer communications' is expected to reach $180.82 million, indicating a +6% change year over year [8] - 'Global Technology and Operations- GTO Recurring revenues- Capital markets' is estimated at $288.64 million, reflecting a +5.9% year-over-year change [9] - 'Global Technology and Operations- GTO Recurring revenues- Wealth and investment management' is projected to be $166.55 million, indicating a +16.1% change year over year [9] Stock Performance - Over the past month, Broadridge Financial shares have recorded a return of +2.2%, compared to the Zacks S&P 500 composite's +2.3% change [10] - The company holds a Zacks Rank 3 (Hold), suggesting it will likely perform in line with the overall market in the upcoming period [10]

Financial Performance - Broadridge reported strong Q3 2025 results, including 8% Recurring revenue growth constant currency and 9% Adjusted EPS growth[13] - Q3 2025 Recurring revenues reached $1.204 billion, a 7% increase year-over-year, with constant currency growth of 8%[19] - Adjusted Operating income for Q3 2025 was $405 million, a 10% increase, resulting in an Adjusted Operating income margin of 22.4%, a 100 bps increase[19] - Diluted earnings per share increased by 15% to $2.05, while Adjusted earnings per share grew by 9% to $2.44[19] - The company reaffirms FY'25 guidance of 6-8% Recurring revenue growth constant currency and Adjusted EPS growth in the middle of the 8-12% range[13] Segment Performance - Governance segment revenue reached $740 million, a 6% year-over-year increase[15] - Capital Markets segment revenue was $289 million, a 10% year-over-year increase[15] - Wealth & Investment Management segment revenue totaled $175 million, a 13% year-over-year increase[15] - Within ICS, Regulatory revenue grew by 6% to $365 million, Data-Driven Fund Solutions grew by 8% to $115 million, Issuer solutions grew by 2% to $60 million, and Customer Communications grew by 5% to $199 million[24] Key Growth Drivers - Equity position growth of 15% underscores broad growth across account sizes[17] - Organic growth contributed 6 percentage points to Recurring revenue growth[31] - Acquisitions contributed 2 percentage points to Recurring revenue growth[31] Future Outlook - Broadridge is on track to achieve its three-year financial objectives and drive long-term growth[18] - FY'25 Closed sales guidance was updated to $240 - $300 million[46]