US Market News
1月前
Broadridge Announces Integrated Infrastructure for Tokenized SecuritiesMay 12, 2026 6:30 AM
PR Newswire (US) Building on its market-leading Digital Ledger Repo platform, Broadridge delivers the infrastructure that institutional firms need to scale digital and traditional assets on a single platformNEW YORK, May 12, 2026 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global fintech leader, today announced a comprehensive expansion of its tokenization capabilities, providing institutional firms the infrastructure to operate across tokenized and traditional securities on a single, integrated platform.Broadridge supports institutional trading at scale by reducing operational complexity from execution to settlement for more than $15 trillion in assets per day. Today's announcement marks the extension of Broadridge's market-leading multi-asset capabilities to support the trading of tokenized assets across its order, execution, and post-trade infrastructure."Broadridge is already a leader in tokenization with our Distributed Ledger Repo solution platform, which tokenizes more than $365 billion every day," said Frank Troise, President of Broadridge's Global Capital Markets business. "Now, we're delivering a suite of capabilities that support the trading of tokenized securities across our infrastructure with the established systems, controls, and workflows institutional investors rely on every day. Bringing together digital innovation with proven trading, connectivity, and post-trade infrastructure will enable our clients to unlock liquidity and reduce friction across their operations while maintaining the scale, operational resilience, and regulatory compliance required in global capital markets."As demand for tokenized securities grows, the core requirements of institutional trading remain the same - standardized protocols for issuance, transfer, settlement, and asset servicing as well as interoperability across firms and venues. Broadridge is powering that evolution by enhancing its key capabilities to support a tokenized market structure that delivers the reliability, consistency, and operational integrity expected in today's capital markets.A Single Tokenization Engine Across Asset Classes
To make this happen, Broadridge has extended the core tokenization engine behind its Distributed Ledger Repo solution, built for regulated institutional settlement and proven in Fixed Income, to also support equities, funds, alts, and money market instruments within a single, consistent framework. Institutions can now operate with one set of tokenization rails, one governance standard, and one operational model across their entire tokenized asset portfolio.Post-Trade Precision for a Tokenized Multi-Asset World
Broadridge's post-trade infrastructure now supports tokenized and traditional assets within the same processing ecosystem and control framework. Institutions can process tokenized securities, fractionalized assets, and crypto-related holdings alongside conventional instruments using consistent workflows, controls, reconciliation, and reporting standards. By building on existing post-trade infrastructure, Broadridge is enabling clients to integrate tokenized assets with greater speed, lower cost, and less operational complexity.Direct Connectivity to Major Blockchain Networks
Broadridge connects directly to major public and permissioned Layer 1 blockchain networks (e.g. Canton, ETH, EVM compatible), giving institutions a single integration point across the distributed infrastructure landscape. This allows operations teams to manage business workflow, oversight, and risk through familiar controls, while Broadridge manages the underlying connectivity complexity required to support a multi-network market environment. Institutional-Grade Order Routing and Connectivity
Broadridge's CQG and NYFIX capabilities help firms incorporate crypto and tokenized asset trading into existing workflows by combining front-end trading access, intelligent order routing, and connectivity across a broad execution ecosystem. Through our existing capabilities, Broadridge provides connectivity to leading crypto exchanges and prediction markets that support multi-asset trading, while NYFIX extends institutional-grade order routing and connectivity through standardized messaging. With millions of trades routed each day, Broadridge brings the scale, resilience, and market reach institutions need to incorporate tokenized assets into existing trading operations with confidence.End-to-End Corporate Actions and Governance — Across Every Model
Broadridge delivers the full corporate actions and governance lifecycle across tokenized and traditional securities on a single platform, under a single governance standard. Dividend processing, mandatory and voluntary corporate actions, proxy voting, and on-chain governance for tokenized equities all flow through Broadridge's existing infrastructure. Whether assets sit in traditional custodial accounts, digital wallets, or on-chain, investors receive consistent entitlements, consistent disclosure, and consistent voting access.About Broadridge's Tokenization Solutions
Broadridge enables on-chain proxy voting and governance, digital asset infrastructure including post trade, wallets and custody, and the scaling of digital asset capabilities across multiple asset classes. Through these innovations, Broadridge is helping financial institutions unlock the next era of digital asset investing.Broadridge's Distributed Ledger Repo (DLR) solution is the world's largest institutional platform for settling tokenized real assets, tokenizing approximately over $365 billion a day. As tokenization gains momentum across financial services, Broadridge is meeting the complexity of operating across traditional and digital ecosystems with established scale, critical market knowledge, and technological expertise.About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resilience, elevating business performance, and transforming investor experiences.Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.For more information about us, please visit www.broadridge.com Broadridge Contacts:Investors:
broadridgeir@broadridge.com Media:
Gregg.Rosenberg@broadridge.com View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridge-announces-integrated-infrastructure-for-tokenized-securities-302769035.htmlSOURCE Broadridge Financial Solutions, Inc. Original: Broadridge Announces Integrated Infrastructure for Tokenized Securities
US Market News
1月前
Broadridge Reports Third Quarter Fiscal 2026 ResultsApril 30, 2026 7:00 AM
PR Newswire (US)
Recurring revenues grew 7%; up 6% constant currencyDiluted EPS rose 15% to $2.36 and Adjusted EPS grew 11% to $2.72Raising FY'26 guidance for Recurring revenue growth constant currency to
At or above 7% and Adjusted EPS growth to 10-12%NEW YORK, April 30, 2026 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the third quarter ended March 31, 2026 of its fiscal year 2026. Results compared with the same period last year were as follows: Summary Financial Results
Third Quarter
Nine Months
Dollars in millions, except per share data
20262025Change20262025Change
Recurring revenues
$1,288$1,2047 %$3,336$3,0848 % Constant currency growth (Non-GAAP)
6 %
7 %Total revenues
$1,954$1,8128 %$5,257$4,8249 %
Operating income
$359$3454 %$754$6909 % Margin
18.4 %19.0 %
14.3 %14.3 %
Adjusted Operating income (Non-GAAP)
$421$4054 %$937$85310 % Margin (Non-GAAP)
21.5 %22.4 %
17.8 %17.7 %
Diluted EPS
$2.36$2.0515 %$6.18$3.9357 %Adjusted EPS (Non-GAAP)
$2.72$2.4411 %$5.81$5.0016 %
Closed sales
$58$71(19 %)$147$174(16 %)"Broadridge delivered strong third quarter results, including 6% Recurring revenue growth constant currency and 11% Adjusted EPS growth, powered by strong equity and fund position growth and higher trading volumes," said Tim Gokey, Broadridge CEO."We are executing on our strategy to democratize and digitize governance, simplify and innovate trading in capital markets, and modernize wealth management. At the same time, we are putting in place the building blocks of future growth by leading in tokenization, driving the digitization of communications, and scaling AI," Mr. Gokey noted."Broadridge is on track to deliver another year of strong financial performance. We are raising our fiscal 2026 outlook for Recurring revenue growth constant currency to At or above 7% and increasing our Adjusted EPS growth guidance to 10% to 12%. As a result, we are set to deliver on our long-term targets for top- and bottom-line growth for the three-year period ending in fiscal 2026," he concluded.Fiscal Year 2026 Financial Guidance
FY'26 Guidance Updates Recurring revenue growth constant currency (Non-GAAP)
At or above 7%Raised from higher end
of 5 - 7%Adjusted Operating income margin (Non-GAAP)
20 - 21%No ChangeAdjusted Earnings per share growth (Non-GAAP)
10 - 12%Raised from 9 - 12%Closed sales
$240 - $290MRevised from $290 -
$330MFinancial Results for Third Quarter Fiscal Year 2026 compared to Third Quarter Fiscal Year 2025Total revenues increased 8% to $1,954 million from $1,812 million.Recurring revenues increased $84 million, or 7%, to $1,288 million. Recurring revenue growth constant currency (Non-GAAP) was 6%, driven by organic growth in Investor Communication Solutions ("ICS") and Global Technology and Operations ("GTO") and acquisitions in ICS.Event-driven revenues increased $20 million, or 38%, to $73 million, from a combination of higher mutual fund proxy revenues and higher equity and other revenues.Distribution revenues increased $38 million, or 7%, to $593 million, driven primarily by the postage rate increase of approximately $34 million.Operating income was $359 million, an increase of $15 million, or 4%. Operating income margin decreased to 18.4%, compared to 19.0% for the prior year period.Adjusted Operating income was $421 million, an increase of $15 million, or 4%. Adjusted Operating income margin was 21.5% compared to 22.4% for the prior year period. The combination of higher distribution revenue and higher float income negatively impacted margins by 80 basis points.Interest expense, net was $25 million, a decrease of $6 million, primarily due to lower average borrowings and lower borrowing costs.The effective tax rate was 18.9% compared to 21.8% in the prior year period. The change in effective tax rate for the three months ended March 31, 2026 was primarily driven by an increase in discrete tax benefits.Net earnings increased 14% to $276 million and Adjusted Net earnings increased 10% to $318 million.Diluted earnings per share increased 15% to $2.36, compared to $2.05 in the prior year period, andAdjusted earnings per share increased 11% to $2.72, compared to $2.44 in the prior year period.Segment and Other Results for Third Quarter Fiscal Year 2026 compared to Third Quarter Fiscal Year 2025ICSTotal revenues were $1,465 million, an increase of $118 million, or 9%.Recurring revenues increased $60 million, or 8%, to $800 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by 4pts of Internal Growth, 2pts of Net New Business, and 1pt from acquisitions.By product line, Recurring revenue growth and Recurring revenue growth constant currency (Non-GAAP) were as follows:Regulatory rose 9% and 9%, respectively. Equity revenue position growth was 11% and Mutual fund/ETF position growth was 6%.Data-driven fund solutions rose 9% and 8%, respectively, driven by growth in data and analytics revenues and the acquisitions of Acolin Group Holdco Limited ("Acolin") and LDI-MAP, LLC ("iJoin").Issuer rose 8% and 8%, respectively, driven by growth in disclosure solutions and shareholder engagement solutions.Customer communications rose 5% and 5%, respectively, driven by growth in digital revenues, as well as the acquisition of Signal Agency Limited ("Signal").Event-driven revenues increased $20 million, or 38%, to $73 million, from a combination of higher mutual fund proxy revenues and higher equity and other revenues.Distribution revenues increased $38 million, or 7%, to $593 million, driven primarily by the postage rate increase of approximately $34 million.Earnings before income taxes increased by $17 million, or 6%, to $309 million, driven by higher Recurring revenue and Event-driven revenues. Operating expenses rose 10%, or $101 million, to $1,156 million driven by higher distribution expenses, volume-related expenses and the impact of acquisitions and investments.Pre-tax margins decreased to 21.1% from 21.7%.GTORecurring revenues were $488 million, an increase of $24 million, or 5%. Recurring revenue growth constant currency (Non-GAAP) was 3%, all organic.By product line, Recurring revenue growth and the corresponding Recurring revenue growth constant currency (Non-GAAP) were as follows:Capital Markets rose 2% and (0)%, respectively, primarily driven by 4pts of revenue from new sales, which was partially offset by a 3pt decrease in internal growth. The benefit of higher trading volumes was offset by lower software term license revenue, which negatively impacted organic growth by 6pts.Wealth and Investment Management rose 10% and 8%, respectively, driven by 8pts from internal growth, which benefitted from higher trading volumes.Earnings before income taxes were $85 million, an increase of $15 million, or 21%, as higher revenues more than offset higher expenses.Pre-tax margins increased to 17.5% from 15.2%.Corporate and OtherLoss before income taxes was $54 million compared to Loss before income taxes of $52 million in the prior year period, primarily due to higher technology costs which more than offset a $6 million decline in Interest expense, net and a Gain on Digital Assets of $6 million.Financial Results for Nine Months Fiscal Year 2026 compared to the Nine Months Fiscal Year 2025Total revenues increased 9% to $5,257 million from $4,824 million.Recurring revenues increased $251 million, or 8%, to $3,336 million. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by organic growth and acquisitions in ICS and GTO.Event-driven revenues increased $37 million, or 15%, to $277 million, driven by higher equity and other communications, as well as mutual fund proxy revenues.Distribution revenues increased $145 million, or 10%, to $1,644 million, primarily driven by the postage rate increases of approximately $91 million and higher volumes.Operating income was $754 million, an increase of $64 million, or 9%. Operating income margin was flat at 14.3%, compared to 14.3% for the prior year period.Adjusted Operating income was $937 million, an increase of $84 million, or 10%. Adjusted Operating income margin was 17.8% compared to 17.7% for the prior year period. The combination of higher distribution revenue and higher float income negatively impacted margins by 50 basis points.Interest expense, net was $73 million, a decrease of $23 million, primarily due to lower average borrowings and lower borrowing costs.The effective tax rate was 21.4% compared to 20.8% in the prior year period. The change in effective tax rate for the nine months ended March 31, 2026 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits.Net earnings increased 56% to $726 million and Adjusted Net earnings increased 15% to $683 million.Diluted earnings per share increased 57% to $6.18, compared to $3.93 in the prior year period, andAdjusted earnings per share increased 16% to $5.81, compared to $5.00 in the prior year period.Segment and Other Results for Nine Months Fiscal Year 2026 compared to Nine Months Fiscal Year 2025ICSTotal revenues were $3,828 million, an increase of $316 million, or 9%.Recurring revenues increased $134 million, or 8%, to $1,907 million. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by 3pts of Net New Business, 3pts of Internal Growth and 1pt from acquisitions.By product line, Recurring revenue growth and Recurring revenue growth constant currency (Non-GAAP) were as follows:Regulatory rose 10% and 10%, respectively. Equity revenue position growth was 11% and Mutual fund/ETF position growth was 7%.Data-driven fund solutions rose 4% and 3%, respectively, driven by growth in data and analytics revenues as well as the acquisitions of Acolin and iJoin.Issuer rose 7% and 7%, respectively, driven by growth in shareholder engagement solutions and disclosure solutions.Customer communications rose 6% and 6%, respectively, driven by growth in digital and print revenues, as well as the acquisition of Signal.Event-driven revenues increased $37 million, or 15%, to 277 million, driven by higher equity and other communications, as well as mutual fund proxy revenues.Distribution revenues increased $145 million, or 10%, to $1,644 million, primarily driven by postage rate increases of approximately $91 million and higher volumes.Earnings before income taxes increased by $9 million, or 2%, to $573 million. The earnings benefit from higher Recurring revenue and Event-driven revenue was partially offset by higher Operating expenses. Operating expenses rose 10%, or $307 million, to $3,256 million driven by distribution expenses, as well as other volume-related expenses and the impact of acquisitions.Pre-tax margins decreased to 15.0% from 16.0%.GTORecurring revenues were $1,428 million, an increase of $117 million, or 9%. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by 5pts of organic growth and 2pts from the acquisition of Kyndryl's Securities Industries Services business ("SIS").By product line, Recurring revenue growth and the corresponding Recurring revenue growth constant currency (Non-GAAP) were as follows:Capital Markets rose 6% and 4%, respectively, primarily driven by 4pts of revenue from new sales and 1pt of Internal Growth. Internal Growth included 2pts from digital asset revenues, offset by 2pts from lower software term license revenue.Wealth and Investment Management rose 14% and 13%, respectively, driven by 7pts from the SIS acquisition and 7pts of organic growth.Earnings before income taxes were $230 million, an increase of $63 million, or 37%, as higher revenues more than offset higher expenses, including the impact of the SIS acquisition.Pre-tax margins increased to 16.1% from 12.8%.Corporate and OtherEarnings before income taxes were $121 million compared to Loss before income taxes of $144 million in the prior year period, primarily due to a Gain on Digital Assets of $244 million and a $23 million decline in Interest expense, net.Subsequent EventOn April 30, 2026, the Company completed the acquisition of CQG, Inc. ("CQG"). CQG is a Denver-based execution management system provider to futures and options market participants. The total purchase price was approximately $173 million plus additional contingent consideration. CQG will be included in the Company's GTO reportable segment.Earnings Conference Call An analyst conference call will be held today, April 30, 2026 at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the live event and access the slide presentation, visit Broadridge's Investor Relations website at www.broadridge-ir.com prior to the start of the webcast. To listen to the call, investors may also dial 1-877-328-2502 within the United States and international callers may dial 1-412-317-5419. A replay of the webcast will be available and can be accessed in the same manner as the live webcast at the Broadridge Investor Relations site. Through May 7, 2026, the recording will also be available by dialing 1-855-669-9658 within the United States or 1-412-317-0088 for international callers, using passcode 9736199 for either dial-in number.Explanation and Reconciliation of the Company's Use of Non-GAAP Financial Measures The Company's results in this press release are presented in accordance with U.S. GAAP except where otherwise noted. In certain circumstances, results have been presented that are not generally accepted accounting principles measures ("Non-GAAP"). These Non-GAAP measures are Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share, Free cash flow, and Recurring revenue growth constant currency. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company's reported results.The Company believes our Non-GAAP financial measures help investors understand how management plans, measures and evaluates the Company's business performance. Management believes that Non-GAAP measures provide consistency in its financial reporting and facilitates investors' understanding of the Company's operating results and trends by providing an additional basis for comparison. Management uses these Non-GAAP financial measures to, among other things, evaluate our ongoing operations, and for internal planning and forecasting purposes. In addition, and as a consequence of the importance of these Non-GAAP financial measures in managing our business, the Company's Compensation Committee of the Board of Directors incorporates Non-GAAP financial measures in the evaluation process for determining management compensation.Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Earnings and Adjusted Earnings Per ShareThese Non-GAAP measures are adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items the exclusion of which management believes provides insight regarding our ongoing operating performance. Depending on the period presented, these adjusted measures exclude the impact of certain of the following items: (i) Amortization of Acquired Intangibles and Purchased Intellectual Property, which represent non-cash amortization expenses associated with the Company's acquisition activities. (ii) Acquisition and Integration Costs, which represent certain transaction and integration costs associated with the Company's acquisition activities. (iii) Restructuring and Other Related Costs, which represent costs associated with the Company's Corporate Restructuring Initiative to exit and/or realign some of our businesses, streamline the Company's management structure, reallocate work to lower cost locations, and reduce headcount in deprioritized areas, in addition to other restructuring activities. (iv) Gains or Losses on Digital Assets, which represents the mark to market gain or loss recorded to remeasure the Company's digital asset holdings in the form of Canton Coins to fair market value, in addition to the realized and unrealized gains or losses associated with the Company's contribution of Canton Coins to Canton Strategic Holdings, Inc. and the associated mark to market gain or loss recorded to remeasure the previously held Digital Asset Loan Receivable and Warrants to fair market value.We exclude Acquisition and Integration Costs, Restructuring and Other Related Costs, and Gains or Losses on Digital Assets from our Adjusted Operating income (as applicable) and other adjusted earnings measures because excluding such information provides us with an understanding of the results from the primary operations of our business and enhances comparability across fiscal reporting periods, as these items are not reflective of our underlying operations or performance.We also exclude the impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, as these non-cash amounts are significantly impacted by the timing and size of individual acquisitions and do not factor into the Company's capital allocation decisions, management compensation metrics or multi-year objectives. Furthermore, management believes that this adjustment enables better comparison of our results as Amortization of Acquired Intangibles and Purchased Intellectual Property will not recur in future periods once such intangible assets have been fully amortized. Although we exclude Amortization of Acquired Intangibles and Purchased Intellectual Property from our adjusted earnings measures, our management believes that it is important for investors to understand that these intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in the amortization of additional intangible assets.Free cash flowIn addition to the Non-GAAP financial measures discussed above, we provide Free cash flow information because we consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated that could be used for dividends, share repurchases, strategic acquisitions, other investments, as well as debt servicing. Free cash flow is a Non-GAAP financial measure and is defined by the Company as Net cash flows provided by operating activities less Capital expenditures as well as Software purchases and capitalized internal use software.Recurring revenue growth constant currencyAs a multi-national company, we are subject to variability of our reported U.S. dollar results due to changes in foreign currency exchange rates. The exclusion of the impact of foreign currency exchange fluctuations from our Recurring revenue growth, or what we refer to as amounts expressed "on a constant currency basis," is a Non-GAAP measure. We believe that excluding the impact of foreign currency exchange fluctuations from our Recurring revenue growth provides additional information that enables enhanced comparison to prior periods. Changes in Recurring revenue growth expressed on a constant currency basis are presented excluding the impact of foreign currency exchange fluctuations. To present this information, current period results for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average exchange rates in effect during the corresponding period of the comparative year, rather than at the actual average exchange rates in effect during the current fiscal year.Forward-Looking Statements This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "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 such as "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be," "on track," and other words of similar meaning, are forward-looking statements. In particular, information appearing in the "Fiscal Year 2026 Financial Guidance" section and statements about our three-year objectives are forward-looking statements.These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the year ended June 30, 2025 (the "2025 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2025 Annual Report.These risks include:changes in laws and regulations affecting Broadridge's clients or the services provided by Broadridge;Broadridge's reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge's services with favorable pricing terms;a material security breach or cybersecurity attack affecting the information of Broadridge's clients;declines in participation and activity in the securities markets;the failure of Broadridge's key service providers to provide the anticipated levels of service;a disaster or other significant slowdown or failure of Broadridge's systems or error in the performance of Broadridge's services;overall market, economic and geopolitical conditions and their impact on the securities markets;the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients;Broadridge's failure to keep pace with changes in technology and demands of its clients;competitive conditions;Broadridge's ability to attract and retain key personnel; andthe impact of new acquisitions and divestitures.There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition.Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.About Broadridge Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries. For more information about us, please visit www.broadridge.com.Contact Information Investors
broadridgeir@broadridge.com Media
Gregg.rosenberg@broadridge.com Condensed Consolidated Statements of Earnings
(Unaudited)
In millions, except per share amounts
Three Months Ended
March 31,
Nine Months Ended
March 31,
2026
2025
2026
2025Revenues
$ 1,953.6
$ 1,811.7
$ 5,256.9
$ 4,823.7Operating expenses:
Cost of revenues
1,326.7
1,235.9
3,733.8
3,456.7 Selling, general and administrative expenses
267.4
230.9
768.8
677.1 Total operating expenses
1,594.1
1,466.8
4,502.6
4,133.8Operating income
359.5
344.9
754.3
689.9Interest expense, net
(25.1)
(31.1)
(73.1)
(96.1)Other non-operating income (expenses), net
6.2
(2.8)
242.7
(6.6)Earnings before income taxes
340.6
310.9
923.9
587.2Provision for income taxes
64.3
67.8
197.7
121.9Net earnings
$ 276.3
$ 243.1
$ 726.2
$ 465.3
Basic earnings per share
$ 2.38
$ 2.07
$ 6.22
$ 3.97Diluted earnings per share
$ 2.36
$ 2.05
$ 6.18
$ 3.93
Weighted-average shares outstanding:
Basic
116.3
117.2
116.7
117.1 Diluted
117.0
118.5
117.6
118.3
Amounts may not sum due to rounding.
Condensed Consolidated Balance Sheets(Unaudited)
In millions, except per share amounts
March 31,
2026
June 30,
2025Assets
Current assets:
Cash and cash equivalents
$ 304.8
$ 561.5Accounts receivable, net of allowance for doubtful accounts of
$14.8 and $12.5, respectively
1,319.3
1,077.1Other current assets
173.5
178.5Total current assets
1,797.7
1,817.1Property, plant and equipment, net
160.1
170.1Goodwill
3,735.2
3,609.6Intangible assets, net
1,159.0
1,277.4Deferred client conversion and start-up costs
822.2
842.9Other non-current assets
1,105.0
827.9Total assets
$ 8,779.2
$ 8,545.0Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt
$ 499.8
$ 499.3Payables and accrued expenses
1,143.4
1,112.8Contract liabilities
263.4
249.1Total current liabilities
1,906.6
1,861.2Long-term debt
2,727.2
2,753.0Deferred taxes
350.7
261.0Contract liabilities
333.5
429.2Other non-current liabilities
642.4
585.5Total liabilities
5,960.4
5,889.9Stockholders' equity:
Preferred stock: Authorized, 25.0 shares; issued and outstanding,
none
—
—Common stock, $0.01 par value: Authorized, 650.0 shares; issued,
154.5 and 154.5 shares, respectively; outstanding, 115.7 and 117.1
shares, respectively
1.6
1.6Additional paid-in capital
1,744.5
1,663.0Retained earnings
4,266.7
3,862.5Treasury stock, at cost: 38.8 and 37.3 shares, respectively
(2,949.2)
(2,599.0)Accumulated other comprehensive income (loss)
(244.8)
(272.9)Total stockholders' equity
2,818.8
2,655.1Total liabilities and stockholders' equity
$ 8,779.2
$ 8,545.0
Amounts may not sum due to rounding.
Condensed Consolidated Statements of Cash Flows(Unaudited)
In millions Nine Months Ended
March 31,
2026
2025Cash Flows From Operating Activities
Net earnings$ 726.2
$ 465.3Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization101.6
97.6Amortization of acquired intangibles and purchased intellectual property155.2
146.6Amortization of other assets126.2
128.0Write-down of long-lived assets and related charges3.8
3.3Stock-based compensation expense66.7
57.4Deferred income taxes65.1
(37.5) Digital assets change in fair market value(235.0)
—Other(29.4)
(12.0)Changes in operating assets and liabilities, net of assets and liabilities acquired:
Accounts receivable, net(215.7)
(89.5) Other current assets(0.6)
7.2 Payables and accrued expenses(22.4)
(220.5) Contract liabilities62.2
39.8 Other non-current assets(120.8)
(108.5) Other non-current liabilities(15.1)
(5.5)Net cash flows from operating activities668.2
471.6Cash Flows From Investing Activities
Capital expenditures(35.1)
(28.2)Software purchases and capitalized internal use software(42.1)
(50.3)Acquisitions, net of cash acquired(121.0)
(193.5)Other investing activities(27.1)
(4.2)Net cash flows from investing activities(225.4)
(276.1)Cash Flows From Financing Activities
Debt proceeds988.5
920.3Debt repayments(1,016.8)
(837.3)Dividends paid(330.7)
(299.2)Purchases of Treasury stock(352.9)
(4.2)Proceeds from exercise of stock options21.7
51.6Other financing activities(7.8)
(8.7)Net cash flows from financing activities(697.9)
(177.5)Effect of exchange rate changes on Cash and cash equivalents(1.7)
(5.2)Net change in Cash and cash equivalents(256.7)
12.8Cash and cash equivalents, beginning of period561.5
304.4Cash and cash equivalents, end of period$ 304.8
$ 317.2
Amounts may not sum due to rounding.
Segment Results(Unaudited)
In millionsThree Months Ended
March 31,
Nine Months Ended
March 31,
2026
2025
2026
2025Revenues
Investor Communication Solutions$ 1,465.3
$ 1,347.5
$ 3,828.5
$ 3,512.3Global Technology and Operations488.3
464.1
1,428.4
1,311.4Total$ 1,953.6
$ 1,811.7
$ 5,256.9
$ 4,823.7
Earnings before Income Taxes
Investor Communication Solutions$ 309.5
$ 292.9
$ 572.7
$ 563.5Global Technology and Operations85.4
70.4
230.3
167.5Other(54.3)
(52.4)
121.0
(143.8)Total$ 340.6
$ 310.9
$ 923.9
$ 587.2
Pre-tax margins:
Investor Communication Solutions21.1 %
21.7 %
15.0 %
16.0 %Global Technology and Operations17.5 %
15.2 %
16.1 %
12.8 %
Amortization of acquired intangibles and purchased intellectual property
Investor Communication Solutions$ 11.1
$ 10.6
$ 31.5
$ 33.1Global Technology and Operations41.7
38.3
123.8
113.5 Total$ 52.8
$ 48.9
$ 155.2
$ 146.6
Amounts may not sum due to rounding.
Supplemental Reporting Detail - Additional Product Line Reporting(Unaudited)
In millionsThree Months Ended March 31,
Nine Months Ended March 31,
2026
2025
Change
2026
2025
ChangeInvestor Communication Solutions
Regulatory$ 399.4
$ 365.0
9 %
$ 845.4
$ 765.4
10 %Data-driven fund solutions125.7
114.8
9 %
349.4
337.4
4 %Issuer65.3
60.5
8 %
136.9
127.4
7 %Customer communications209.3
199.5
5 %
575.6
542.8
6 % Total ICS Recurring revenues799.8
739.8
8 %
1,907.3
1,773.0
8 %
Equity and other40.2
31.4
28 %
103.4
77.2
34 %Mutual funds32.4
21.3
52 %
173.6
163.2
6 % Total ICS Event-driven revenues72.7
52.7
38 %
277.0
240.3
15 %
Distribution revenues592.8
555.0
7 %
1,644.2
1,499.0
10 %
Total ICS Revenues$ 1,465.3
$ 1,347.5
9 %
$ 3,828.5
$ 3,512.3
9 %
Global Technology and Operations
Capital markets$ 295.5
$ 289.4
2 %
$ 877.1
$ 829.9
6 %Wealth and investment management192.8
174.7
10 %
551.3
481.5
14 % Total GTO Recurring revenues488.3
464.1
5 %
1,428.4
1,311.4
9 %
Total Revenues$ 1,953.6
$ 1,811.7
8 %
$ 5,256.9
$ 4,823.7
9 %
Revenues by Type
Recurring revenues$ 1,288.1
$ 1,203.9
7 %
$ 3,335.7
$ 3,084.3
8 %Event-driven revenues72.7
52.7
38 %
277.0
240.3
15 %Distribution revenues592.8
555.0
7 %
1,644.2
1,499.0
10 % Total Revenues$ 1,953.6
$ 1,811.7
8 %
$ 5,256.9
$ 4,823.7
9 %
Amounts may not sum due to rounding.
Select Operating Metrics (Unaudited)
In millionsThree Months Ended March 31,
Nine Months Ended March 31,
2026
2025
Change
2026
2025
Change
Closed sales (a)$ 57.5
$ 71.2
(19 %)
$ 146.8
$ 174.3
(16 %)
Position Growth (b)
Equity positions15 %
15 %
16 %
13 %
Equity revenue positions11 %
11 %
11 %
N/A
Mutual fund / ETF positions6 %
6 %
7 %
6 %
Internal Trade Growth (c)16 %
14 %
15 %
13 %
Amounts may not sum due to rounding.
? (a) Refer to the "Results of Operations" section of Broadridge's Form 10-Q for a description of Closed sales and its calculation.
(b) Position Growth is comprised of "equity position growth" and "mutual fund/ETF position growth." Equity position growth measures the estimated annual change in positions eligible for equity proxy materials. Beginning in the fourth quarter of fiscal year 2025, the Company began presenting information on "equity revenue position growth". Equity revenue position growth excludes small or fractional equity positions for which the Company does not recognize revenue ("non-revenue positions"). Prior-year period comparative information for this metric is not available. Mutual fund/ETF position growth measures the estimated change in mutual fund and exchange traded fund positions eligible for interim communications. These metrics are calculated from equity proxy and mutual fund/ETF position data reported to Broadridge for the same issuers or funds in both the current and prior year periods.
(c) Represents the estimated change in daily average trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge's trading platforms in both the current and prior year periods.
Reconciliation of Non-GAAP to GAAP Measures(Unaudited)
In millions, except per share amountsThree Months Ended
March 31,
Nine Months Ended
March 31,
2026
2025
2026
2025Reconciliation of Adjusted Operating Income
Operating income (GAAP)$ 359.5
$ 344.9
$ 754.3
$ 689.9Adjustments:
Amortization of Acquired Intangibles and Purchased
Intellectual Property52.8
48.9
155.2
146.6Acquisition and Integration Costs4.7
6.0
14.3
11.3 Restructuring and Other Related Costs (a)3.5
5.5
13.2
5.5Adjusted Operating income (Non-GAAP)$ 420.6
$ 405.2
$ 937.0
$ 853.3Operating income margin (GAAP)18.4 %
19.0 %
14.3 %
14.3 %Adjusted Operating income margin (Non-GAAP)21.5 %
22.4 %
17.8 %
17.7 %
Reconciliation of Adjusted Net earnings
Net earnings (GAAP)$ 276.3
$ 243.1
$ 726.2
$ 465.3Adjustments:
Amortization of Acquired Intangibles and Purchased
Intellectual Property52.8
48.9
155.2
146.6Acquisition and Integration Costs4.7
6.0
14.3
11.3Restructuring and Other Related Costs (a)3.5
5.5
13.2
5.5Gains or Losses on Digital Assets(5.6)
—
(238.3)
— Subtotal of adjustments55.4
60.4
(55.6)
163.4Tax impact of adjustments (b)(13.8)
(14.6)
12.1
(37.1)Adjusted Net earnings (Non-GAAP)$ 317.9
$ 288.8
$ 682.7
$ 591.5
Reconciliation of Adjusted EPS
Diluted earnings per share (GAAP)$ 2.36
$ 2.05
$ 6.18
$ 3.93Adjustments:
Amortization of Acquired Intangibles and Purchased
Intellectual Property0.45
0.41
1.32
1.24Acquisition and Integration Costs0.04
0.05
0.12
0.10Restructuring and Other Related Costs (a)0.03
0.05
0.11
0.05Gains or Losses on Digital Assets(0.05)
—
(2.03)
— Subtotal of adjustments0.47
0.51
(0.47)
1.38Tax impact of adjustments (b)(0.12)
(0.12)
0.10
(0.31)Adjusted earnings per share (Non-GAAP)$ 2.72
$ 2.44
$ 5.81
$ 5.00
(a) Restructuring and Other Related Costs for the three and nine months ended March 31, 2026 consists of severance and other costs related to the closure of substantially all operations of a production facility. Costs incurred are not reflected in segment profit and are recorded within Corporate and Other. The total estimated pre-tax costs for actions and associated costs related to the closure were approximately $20 million and were completed in the third quarter of fiscal year 2026.
(b) Calculated using the GAAP effective tax rate, adjusted to exclude $0.1 million and $2.4 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2026, respectively and $5.2 million and $11.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2025, respectively. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis.
Nine Months Ended
March 31,
2026
2025Reconciliation of Free cash flow
Net cash flows from operating activities (GAAP)$ 668.2
$ 471.6Capital expenditures and Software purchases and capitalized internal use software(77.3)
(78.5)Free cash flow (Non-GAAP)$ 590.9
$ 393.2
Reconciliation of Recurring Revenue Growth Constant Currency
Three Months Ended March 31, 2026Investor Communication Solutions Regulatory
Data-
Driven
Fund
Solutions
Issuer
Customer
Comms.
TotalRecurring revenue growth (GAAP)9 %
9 %
8 %
5 %
8 %Impact of foreign currency exchange0 %
(1 %)
0 %
0 %
0 %Recurring revenue growth constant
currency (Non-GAAP)9 %
8 %
8 %
5 %
8 %
Three Months Ended March 31, 2026Global Technology and Operations Capital Markets
Wealth and
Investment
Management
TotalRecurring revenue growth (GAAP)2 %
10 %
5 %Impact of foreign currency exchange(2 %)
(3 %)
(3 %)Recurring revenue growth constant
currency (Non-GAAP)(0 %)
8 %
3 %
Three Months Ended
March 31, 2026ConsolidatedTotalRecurring revenue growth (GAAP)7 %Impact of foreign currency exchange(1 %)Recurring revenue growth constant currency (Non-GAAP) 6 %
Nine Months Ended March 31, 2026Investor Communication Solutions Regulatory
Data-
Driven
Fund
Solutions
Issuer
Customer
Comms.
TotalRecurring revenue growth (GAAP)10 %
4 %
7 %
6 %
8 %Impact of foreign currency exchange0 %
(1 %)
0 %
0 %
0 %Recurring revenue growth constant
currency (Non-GAAP)10 %
3 %
7 %
6 %
7 %
Nine Months Ended March 31, 2026Global Technology and Operations Capital Markets
Wealth and
Investment
Management
TotalRecurring revenue growth (GAAP)6 %
14 %
9 %Impact of foreign currency exchange(2 %)
(1 %)
(2 %)Recurring revenue growth constant
currency (Non-GAAP)4 %
13 %
7 %
Nine Months Ended
March 31, 2026ConsolidatedTotalRecurring revenue growth (GAAP)8 %Impact of foreign currency exchange(1 %)Recurring revenue growth constant currency (Non-GAAP) 7 %
Amounts may not sum due to rounding.
Fiscal Year 2026 GuidanceReconciliation of Non-GAAP to GAAP MeasuresAdjusted Earnings Per Share Growth and Adjusted Operating Income Margin(Unaudited)
FY26 Recurring revenue growth
Impact of foreign currency exchange (a)
(1%) - 0%Recurring revenue growth constant currency (Non-GAAP)
7 %
FY26 Adjusted Operating income margin (b)
Operating income margin % (GAAP)
17 - 19%Adjusted Operating income margin % (Non-GAAP)
20 - 21%
FY26 Adjusted earnings per share growth rate (c)
Diluted earnings per share (GAAP)
32 - 36% growthAdjusted earnings per share (Non-GAAP)
10 - 12% growth
(a) Based on forward rates as of April 2026.
(b) Adjusted Operating income margin guidance (Non-GAAP) is adjusted to exclude the approximately $6 million impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Restructuring and Other Related Costs and Gains or Losses on Digital Assets.
(c) Adjusted earnings per share growth guidance (Non-GAAP) is adjusted to exclude the approximately $0.04 per share impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Restructuring and Other Related Costs, and Gains or Losses on Digital Assets, and is calculated using diluted shares outstanding.
View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridge-reports-third-quarter-fiscal-2026-results-302758107.htmlSOURCE Broadridge Financial Solutions, Inc.
Original: Broadridge Reports Third Quarter Fiscal 2026 Results
US Market News
2月前
The Best-Performing Fund Brands in Europe and Globally According to the 2026 Broadridge Fund Brand 50 ReportMarch 31, 2026 3:00 AM
PR Newswire (US)
BlackRock retains top position in Broadridge's Fund Brand 50 global asset manager rankings, significantly increasing its total brand scoreLONDON, March 31, 2026 /PRNewswire/ -- The latest edition of Broadridge's Fund Brand 50 (FB50), an annual research study by global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR), was released today, highlighting the world's best-performing third-party asset management brands. The study reveals a shifting brand landscape as asset managers jockey for position amid geopolitical tensions, market volatility, and intense fund selector scrutiny. Managers are enhancing their brand by offering clients access to high-growth markets such as private equity and private debt via strategic partnerships or through targeted acquisitions. Another critical trend that continues to shape the competitor environment, and the brand ranking, is investor appetite for passive and active ETFs. Innovative funds are highly prized in these dynamic growth areas."JPMorgan AM no longer poses a significant threat to BlackRock as its total brand score has dropped 48 points after surging 755 points in 2024," notes Barbara Wall, Broadridge's EMEA Director of Data & Analytics. "BlackRock emerges top in four brand attributes including 'Expert in what they do' and 'Solidity.' The US leader is also the foremost recognised brand in eight out of the ten European markets covered. However, JPMorgan narrowly leads BlackRock in Germany, while Amundi moves into top position in France."The independent study, now in its 15th year, is powered by insights from Broadridge's Global Fund Buyer Focus Intelligence— a comprehensive, continuously updated intelligence and analytics dataset capturing fund selector preferences, behaviours, and market trends across global markets. FB50 measures and ranks asset managers' relative brand attractiveness based on fund selector perceptions: considering 10 brand attributes to reveal the top fund brands in Europe, APAC and the US. This is the latest study from Broadridge's Data and Analytics business and highlights the depth and breadth of the firm's global market insights.Top-10 European Asset Management BrandsRankFund GroupChange1BlackRock02JPMorgan AM03Fidelity04Amundi+15Pictet-16iShares07Vanguard08Schroders+19Robeco-110UBS+1Key insightsAmundi upsets the established order by replacing Pictet in fourth position (a post held by Pictet since 2021). It was also a productive year for Schroders and UBS – both move up a rung into eighth and tenth place, respectively. While Schroders' top attribute is 'Stability of investment management team', the group is also valued for its extensive product range and expanding private markets offerings, including liquid alternatives. Home bias might have been a factor in the rise of UBS, with Swiss selectors remarking that their domestic clients are more at home with a provider which, like UBS, is a well-known local brand. UBS's top attribute is 'Local Knowledge.'Fidelity remains in third place scoring highly for 'Keeping best informed.' Selectors also like this provider for its consistency, sheer professionalism and the great capacity that it has for fundamental analysis. Passive powerhouses iShares and Vanguard retain their top-10 slots in sixth and seventh place, respectively. Both groups are valued for their solidity and core passive fund ranges.Social responsibility may not be top of mind for many providers in the current market climate, but it is noteworthy that some of the biggest asset management brands in Europe have lost institutional mandates due to a perceived reduction in their focus on ESG issues. At the retail level, fund selectors view promoters' sustainability credentials as relevant, though increasingly less so amid mixed performance, closures and mergers, and regulatory uncertainty. Active ETFs were a hot topic in 2025, and, while AUM remains low, flow momentum is building. Establishing a distinctive and authoritative message will be critical for building brand recognition in what is a highly concentrated space. As the sector matures, selectors are increasingly looking for high conviction active ETFs (many of which are thematic) distinguishable from the more widespread index enhanced strategies.Valued attributesWhile the top-five most important attributes in Europe are ostensibly unchanged from the previous year, with 'Appealing investment strategy' retaining top position, the precise ranking is rather more nuanced, with multiple attributes tying for second and fourth place. This serves to underscore the importance for asset managers of being seen to offer both fund selectors and investors alike the whole package.Increasingly, asset managers are being asked to provide continuous, high-quality, and transparent market updates to navigate an investment landscape defined by geopolitical uncertainty, elevated valuations, and choppy markets. While size can enable a provider to leverage higher communication budgets to great effect, selectors want targeted communication that is easy to understand and in more engaging formats.Additional findings from this year's study include:Traditional active equity managers continue to face an uphill struggle as ETF providers expand their market share. However, there are notable successes among independent managers with selectors valuing certain groups for their smaller size, longevity, low staff turnover and niche product sets.It was a banner year for fixed income, and this was reflected in flows and brand perception. This is one area of traditional active management where bond providers were able to shine. Active flexible strategies and short-term fixed income exposure were popular with fund selectors.One of the year's most significant thematic trends in equity markets has been European defence. Two providers that have made significant gains in the top FB50 brand ranking – WisdomTree and VanEck – have made a notable impression here and in other popular thematic ETF strategies. Selectors want to see further product innovation in areas such as cryptocurrency and AI.A webinar is scheduled for Tuesday, 14 April 2026 at 2:00pm BST | 9:00am EST | 9:00pm CST to reveal the top asset management brands in each region. Registration is available to all https://event.on24.com/wcc/r/5270343/9C55A720DB344CF0E2D572C76AB46728About the reportBroadridge Fund Brand 50 is an annual study derived from Broadridge's Global Fund Buyer Focus Intelligence, which equips asset managers with critical analytics on their fund selector preferences, brand tracking, and quality scores. The analytics are driven by intensive interviews with more than 1,300 of the most significant fund selectors in Europe, APAC, and the US. Fund selectors name their top-three suppliers across 10 brand attributes.These attributes for Europe are as follows:Appealing investment strategy Client-oriented thinking Expert in what they do Keeping best informed Key international player Solidity Innovation/adaptation to market Stability of investment management team Local knowledge Social responsibility/sustainability These answers, as well as commentary from other preference questions, are collated using statistical analysis and transformed into a 'Total Brand Score', on which groups are ranked.Asset managers, consultants and other industry stakeholders interested in receiving more detail about Fund Buyer Focus Intelligence can visit this website page. To inquire about Broadridge's Fund Brand 50 report, please visit the Fund Brand 50 information page.Broadridge helps asset managers streamline investment operations, comply with changing regulations, and drive revenue and profitability with advanced data, analytics, and global market intelligence. Broadridge's fund solutions business serves nearly 500 asset managers, and tracks $110 trillion of assets under management, providing fund clients with an unparalleled global view into investor and asset trends.About BroadridgeBroadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.For more information, visit www.broadridge.com.Media Contact: Cognito
+44 (0) 7974 244217
BroadridgeEMEA@cognitomedia.comLogo - https://mma.prnewswire.com/media/326728/Broadridge_2023_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/the-best-performing-fund-brands-in-europe-and-globally-according-to-the-2026-broadridge-fund-brand-50-report-302729286.html
Original: The Best-Performing Fund Brands in Europe and Globally According to the 2026 Broadridge Fund Brand 50 Report
US Market News
3月前
GenAI Delivering Now, Tokenization Is Next: Financial Services Enters Period of Accelerating Transformation, Landmark Broadridge Study FindsFebruary 25, 2026 2:00 AM
PR Newswire (US)
NEW YORK, Feb. 25, 2026 /PRNewswire/ -- With GenAI deployment delivering measurable business results, financial services firms are doubling down on technology transformation and taking aim at the tokenization of market infrastructure.
According to the sixth annual 2026 Digital Transformation & Next-Gen Technology Study from global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), leading financial services firms are moving beyond GenAI experimentation toward scaled execution, using agentic AI to drive immediate productivity gains while investing in distributed ledger and blockchain infrastructure that could fundamentally reshape financial markets.The global study, based on a survey of more than 900 financial services technology and operations leaders across wealth management, capital markets, and asset management, finds the industry at a pivotal moment: AI is becoming foundational to day-to-day operations, while tokenization represents the next wave of market evolution."AI proved the industry can modernize at speed," said Germán Soto Sanchez, Chief Product and Strategy Officer. "Tokenization is the next leap forward that will re-architect markets. Its clear financial services firms see tokenization is a long-term structural evolution to financial market infrastructure that delivers efficiency, transparency, and liquidity."AI Moves from Pilots to ProductionAI adoption has accelerated dramatically over the past year. Eighty percent of firms report using generative or predictive AI in operations, up from 31% last year, reflecting a rapid move from pilot programs to enterprise deployment. AI is also viewed as delivering the greatest business impact among next-generation technologies, surpassing cloud. As confidence in returns grows, 72% of firms report making moderate to large GenAI investments, while concern about GenAI ROI has fallen to 33%, down from 42% a year ago.That shift is translating into results: 27% of firms report measurable business benefits from GenAI, a 13-point increase year over year, underscoring AI's growing impact on productivity and operational efficiency.As generative AI matures, firms are beginning to deploy agentic AI—more autonomous systems capable of executing tasks and orchestrating workflows with limited human intervention. While still early, 26% of firms report current use of agentic AI, with more than half of those deployments already beyond pilot phases. Adoption is most advanced among large institutions, where nearly one-third of firms managing more than $250 billion in assets report active use.Tokenization Approaches an Inflection PointAs AI becomes embedded in operating models, firms are turning their attention to longer-term structural change, reimagining how assets are issued, traded, and settled through tokenization.A majority of firms increasingly view tokenization as a structural evolution of market infrastructure rather than a near-term replacement for existing systems. While near-term adoption remains measured, confidence in blockchain and distributed ledger technology continues to rise with 53% of firms believing DLT will have a dramatic effect on the way assets are settled—underscoring growing conviction that next-generation infrastructure will reshape post-trade operations and core market infrastructure.That conviction is increasingly translating into capital commitments. More than half (54%) of firms report making moderate to large investments in tokenization and digital asset infrastructure, signaling that the industry is moving beyond exploration toward scaled buildout.Market participants expect a significant portion of major asset classes, including equities, mutual funds, and alternatives, to be tokenized within the next four to five years—with its perceived strategic importance projected to rise sharply over the next five years. Seventy percent of firms say external partnerships will be critical to capturing value as tokenized market infrastructure develops, signaling the need for ecosystem collaboration as standards and interoperability frameworks mature.While firms cite benefits including enhanced liquidity, improved operational efficiency and faster settlement, they also acknowledge risks related to regulatory uncertainty, interoperability challenges, cybersecurity, and market structure fragmentation. The study found that 64% of firms cite cybersecurity risks associated with tokenization and 55% point to increased valuation risk. Notably, many firms believe that forthcoming digital asset regulations will ultimately have a positive impact on adoption by providing greater clarity and market stability.Execution, Not Strategy, Is the BottleneckAcross both AI and tokenization initiatives, the primary barriers to progress lie in firms' ability to execute.Eighty-four percent of firms emphasize the importance of integrated platforms, and 43% expect to rebuild core systems to support AI-driven operating models.At the same time, talent gaps are becoming more acute: 37% of firms cite lack of skilled talent as a barrier to agentic AI adoption, reflecting rising demand for advanced technical and data capabilities. Regarding GenAI, 38% of firms said lack of skilled talent is their biggest barrier to adoption of GenAI, up from 28% in 2025. When asked about AI overall, 65% of firms say they have no formal mandate or incentives in place to use AI, and 61% say AI training is encouraged, but there are no formal targets in placeAn Industry Embarking on Structural Change Taken together, the findings point to an industry transitioning from digital experimentation to operational transformation. AI is delivering measurable impact today. Tokenization represents the next structural shift in how financial markets function.The firms that succeed will be those that pair ambition with disciplined execution—modernizing core infrastructure while building the capabilities required to operate in increasingly digitized, interoperable markets.MethodologyBroadridge commissioned Phronesis Partners to conduct this survey. This survey, as part of Broadridge's annual series, was conducted in a fashion consistent with previous years. The survey was taken by over 900 financial services technology and operations leaders from around the world and across wealth management, capital markets, and asset management firms.About BroadridgeBroadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $15 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.For more information about us, please visit www.broadridge.com.Broadridge Contacts:Investors:
broadridgeir@broadridge.comMedia:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/genai-delivering-now-tokenization-is-next-financial-services-enters-period-of-accelerating-transformation-landmark-broadridge-study-finds-302696514.htmlSOURCE Broadridge Financial Solutions, Inc.
Original: GenAI Delivering Now, Tokenization Is Next: Financial Services Enters Period of Accelerating Transformation, Landmark Broadridge Study Finds
US Market News
4月前
AI-Driven Filings, Opt-In Momentum, And More Than $4B in Recoveries Reshape Global Securities Class Actions, Broadridge Report FindsFebruary 19, 2026 7:00 AM
PR Newswire (US)
NEW YORK, Feb. 19, 2026 /PRNewswire/ -- Global securities class action litigation delivered more than $4 billion in investor recoveries in 2025, according to the seventh Global Class Action Annual Report, from global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR). While modestly lower than 2024's $5.2 billion total, settlement remained elevated amid volatile markets and increasingly complex cross-border frameworks.
The report finds that 2025 marked a turning point, with surging AI-related litigation, growing momentum in opt-in and collective actions, expanding ESG focused claims, and a moderation in financial antitrust activity — all signaling a rapidly evolving recovery landscape for institutional investors."Class action participation is no longer passive — it's operational," said Christi Cannon, Vice President and General Manager of Global Class Actions at Broadridge. "Cases move faster, span more jurisdictions, and demand greater precision. Differences in legal systems, filing requirements, and settlement mechanics leave little room for error. Without the right infrastructure, investors risk missing recoveries altogether. That's why institutions are increasingly relying on Broadridge to manage complexity and protect outcomes. Broadridge's Global Class Action Services seamlessly equips its clients with tools to streamline participation and maximize global recoveries."Report Highlights: Mega Settlements Remain High: Nine mega settlements exceeded $100 million, just one short from the record set in 2024.Antitrust Cases Stalled: Financial antitrust activity moderated, with only four settlements totaling $179 million following last year's record high of nine.U.S. Securities Filings Remain Near Recent Levels: Federal filings edged down to?205 cases in?2025, just?3% below the four–year rolling average, reflecting relative stability in enforcement activity.SPAC–Related Matters Drive Recoveries: Settlements tied to SPAC and merger transactions represented a disproportionate share of total recoveries, even as new case filings remained broader in scope.Key Class Action Trends in 2025Rising AI Litigation Reflects Disclosure Pressure: A growing wave of securities class actions centered on AI disclosures underscores investor expectations for greater specificity and consistency, keeping AI risk a focal point for regulators and the plaintiffs' bar.Growing Engagement in Opt-in Litigation. Interest in opt-in litigation rose, including among custodians seeking asset recovery support. In?2025, more than?100 collective redress claims were filed in?Europe and many more globally.Emphasis on ESG Investing and Shareholder Activism. ESG related litigation continued growing in 2025, reflecting accelerating ESG investment—projected to reach $30 trillion by 2030—and increasing use of class actions for governance and sustainability goals.Broker-Dealers Expand Institutional Support. 2025 continued a notable shift in broker-dealers offering end-to-end claim-filing and asset recovery services. This engagement helps overcome historically low participation rates among retail shareholders to maximize recoveries and enhance the overall investor experience.Top 10 Most Complex Cases of 2025
The annual report highlights the most complex class action settlements of 2025. These cases provide valuable insights on navigating the evolving class–action landscape, how to prepare for emerging opportunities, and practices to maximize asset recovery. According to the report, these 10 cases are:EQT Corporation Securities Litigation - $167,500,000Turquoise Hill Resources Ltd. Securities Litigation - $138,750,000BHP Group Ltd. Securities Litigation - AUD $110,000,000Alta Mesa Resources Inc. Securities Litigation - $126,300,000Interest Rate Swaps Antitrust Litigation - $71,000,000British American Tobacco Opt-in Litigation - Pending Litigation (U.K. Opt-in)BCS PLC Securities Litigation and Fair Fund - $219,500,000 (combined)Viacom Archegos Securities Litigation - $120,000,000Grab Holdings Ltd. Securities Litigation - $80,000,000Alibaba Group Holding Ltd. Securities Litigation - $433,500,000Read the full 2026 Global Class Action Annual Report here. Report MethodologyThe 2026 Global Class Action Annual Report reviews global cases involving publicly traded securities or other financial instruments where class or collective action mechanisms were used to recover losses, including matters filed under securities and antitrust laws. The report identified over?130?global cases involving securities and/or financial products with claim-filing deadlines in?2025, summarizing the most complex cases of?2025 and highlighting several additional "honorable mentions." Cases are ranked by their complexity in relation to a financial institution's ability to recover funds for itself, its investors, and its clients. This ranking is independent of the challenges encountered during litigation.The study is for informational purposes only and should not be considered as investment, legal, or any other form of advice.Broadridge Global Class Action ServicesThe Broadridge team of dedicated class action experts includes attorneys, client advocates, class action auditors, data analysts, research professionals, and client service representatives who each bring an average of 15–20 years of class action experience. Learn more about the team here. More than 1,000 organizations rely on Broadridge global class action services because of our industry expertise, comprehensive worldwide coverage, and world-class standards. Our experts analyze and match all investment positions to identify recovery opportunities for each security relevant to every case.Proprietary Broadridge technology and processes—the backbone of which is our Advocacy Model—enable you to reduce risk, improve the client experience, protect customer data, and increase filing participation. Given our extensive knowledge of global securities litigation and claims administration, our services are designed to be accurate, timely, and transparent. Our proactive approach and unique system of analysis and reconciliation ensure we do everything possible to maximize your recovery.About BroadridgeBroadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.For more information about us, please visit www.broadridge.com.Broadridge Contacts:Media:
Tatjana.Kulkarni@broadridge.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/aidriven-filings-optin-momentum-and-more-than-4b-in-recoveries-reshape-global-securities-class-actions-broadridge-report-finds-302692326.htmlSOURCE Broadridge Financial Solutions, Inc.
Original: AI-Driven Filings, Opt-In Momentum, And More Than $4B in Recoveries Reshape Global Securities Class Actions, Broadridge Report Finds
US Market News
4月前
Broadridge to Acquire CQG, Expanding Global Futures and Options Trading CapabilitiesFebruary 6, 2026 7:00 AM
PR Newswire (US)
Acquisition will strengthen Broadridge's execution management offering and advance its mission to deliver highly connected, multi-asset trading solutions worldwideNEW YORK and LONDON, Feb. 6, 2026 /PRNewswire/ -- Global Fintech leader Broadridge Financial Solutions, Inc. (NYSE: BR), today announced that it has entered into an agreement to acquire CQG, a leading provider of futures and options trading, execution management, and market connectivity. CQG will add complementary execution management, algorithmic trading, and analytics capabilities to Broadridge's order management and client connectivity solutions, creating an end-to-end trading suite for global futures and options markets.
"The acquisition of CQG will accelerate Broadridge's mission to deliver advanced, highly connected trading solutions on a global scale," said Frank Troise, President of Broadridge's Trading and Connectivity Solutions business. "Integrating CQG's advanced execution management, analytics, and connectivity technologies with Broadridge's leading order management and connectivity solutions will create a unified platform in futures and options that simplifies trading complexity, improves transparency and workflow efficiency, and enhances Broadridge's digital asset trading capabilities.""We are truly excited to combine CQG's nimble approach and powerful front-office execution management, analytics and connectivity solutions with Broadridge's deep global reach and front-to-back capabilities," said Ryan Moroney, CEO of CQG. "The trading experience of our collective clients will be defined by speed, intelligence, and scale, enabling them to trade smarter, access new markets, and adapt faster in an increasingly dynamic marketplace. The CQG team is truly excited to join a company with the history and successful track record of Broadridge."The expanded offering is designed to better support the evolving needs of clients across a broad spectrum of segments, including FCMs, institutional investors, retail brokers, proprietary trading firms, CTAs, and hedge funds. Clients will benefit from flexible, scalable solutions designed to support their growth objectives, accelerate speed to market, and deliver a powerful, fully integrated trading experience for both institutional and professional retail market participants.The acquisition also accelerates Broadridge's ongoing innovation strategy across asset classes, spanning futures and options, FX, and digital assets. Aligning CQG's agile development approach with Broadridge's global scale will enable the delivery of new functionality faster, while driving continuous value creation for clients worldwide.Under the agreement, Broadridge will acquire CQG's core global trading technology business through the purchase of CQG, LLC and certain affiliated operating entities and assets. Terms of the transaction were not disclosed. The transaction is not expected to have a material impact on Broadridge's financial results and is expected to close in early in Broadridge's fiscal fourth quarter subject to customary closing conditions, including regulatory approvals.About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.For more information about us, please visit www.broadridge.comAbout CQG
CQG provides the industry's highest performing solutions for traders, brokers, commercial hedgers and exchanges for their market-related activities globally, including trading, market data, advanced technical analysis, risk management, and account administration. The firm partners with the vast majority of futures brokerage and clearing firms and provides Direct Market Access (DMA) to more than 45 exchanges through its global network of co-located Hosted Exchange Gateways. CQG technology serves as the front end for a variety of exchanges and is increasingly employed as the over-the-counter matching engine for important new markets. CQG's server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease of use. Its market data feed consolidates 85 sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities, as well as data on debt securities, industry reports, and financial indices. One of the longest-serving technology solutions providers in the industry, CQG has won numerous awards for its trading software, technical analysis and multi-asset trading platform. CQG is headquartered in Denver, with sales and support offices and data centers in key markets globally, providing services in more than 60 countries. For more information, visit www.cqg.com.Forward-Looking Statements
This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "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 such as "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be," "on track," and other words of similar meaning, are forward-looking statements. In particular, information about the impact of the acquisition of CQG are forward-looking statements.These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the year ended June 30, 2025 (the "2025 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2025 Annual Report.There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition.Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.Contacts:Investors:
broadridgeir@broadridge.com Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridge-to-acquire-cqg-expanding-global-futures-and-options-trading-capabilities-302680834.htmlSOURCE Broadridge Financial Solutions, Inc.
Original: Broadridge to Acquire CQG, Expanding Global Futures and Options Trading Capabilities
US Market News
4月前
Broadridge Reports Second Quarter Fiscal 2026 ResultsFebruary 3, 2026 7:00 AM
PR Newswire (US)
Recurring revenues grew 9%; up 8% constant currencyDiluted EPS was $2.42 and Adjusted EPS rose 2% to $1.59Raising outlook for FY'26 Adjusted EPS growth to 9-12%Reaffirming FY'26 guidance including Recurring revenue growth constant currency, Adjusted Operating income margin, and Closed salesNEW YORK, Feb. 3, 2026 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the second quarter ended December 31, 2025 of its fiscal year 2026. Results compared with the same period last year were as follows: Summary Financial Results
Second Quarter
Six Months
Dollars in millions, except per share data
20262025Change20262025Change
Recurring revenues
$1,070$9809 %$2,048$1,8809 % Constant currency growth (Non-GAAP)
8 %
8 %Total revenues
$1,714$1,5898 %$3,303$3,01210 %
Operating income
$206$211(2 %)$395$34514 % Margin
12.0 %13.3 %
12.0 %11.5 %
Adjusted Operating income (Non-GAAP)
$265$2631 %$516$44815 % Margin (Non-GAAP)
15.5 %16.6 %
15.6 %14.9 %
Diluted EPS
$2.42$1.20102 %$3.82$1.88103 %Adjusted EPS (Non-GAAP)
$1.59$1.562 %$3.09$2.5621 %
Closed sales
$57$4624 %$89$103(13 %)"Broadridge's strong second quarter results highlight our ability to drive innovation at scale, delivering 8% Recurring revenue growth constant currency and Adjusted EPS of $1.59. Our results reflect strong organic growth of 7%, including strength in investor participation, and elevated levels of event-driven activity," said Tim Gokey, Broadridge CEO."We are executing on our growth strategy to democratize and digitize investing, simplify and innovate trading, and modernize wealth management. Our strong results are enabling us to deliver increased bottom-line growth while funding key initiatives around tokenization, shareholder engagement, and digital communications," he continued."We are increasing our Adjusted EPS growth guidance to 9–12% and reaffirming our outlook for Recurring revenue growth constant currency at the higher end of 5–7%, continued margin expansion, and Closed sales of $290–$330 million," Mr. Gokey concluded.Fiscal Year 2026 Financial Guidance
FY'26 GuidanceUpdates Recurring revenue growth constant currency (Non-GAAP)
Higher end of 5 - 7%No ChangeAdjusted Operating income margin (Non-GAAP)
20 - 21%No ChangeAdjusted Earnings per share growth (Non-GAAP)
9 - 12%Previously 8 - 12%Closed sales
$290 - $330MNo ChangeFinancial Results for Second Quarter Fiscal Year 2026 compared to Second Quarter Fiscal Year 2025Total revenues increased 8% to $1,714 million from $1,589 million.Recurring revenues increased $90 million, or 9%, to $1,070 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by organic growth and acquisitions in ICS and GTO.Event-driven revenues decreased $34 million, or 27%, to $91 million, as lower mutual fund proxy revenues were partially offset by higher equity and other revenues.Distribution revenues increased $69 million, or 14%, to $553 million, driven by a higher volume of communications and the postage rate increase of approximately $32 million.Operating income was $206 million, a decrease of $5 million, or 2%. Operating income margin decreased to 12.0%, compared to 13.3% for the prior year period, primarily due to lower Event-driven revenues.Adjusted Operating income was $265 million, an increase of $2 million, or 1%. Adjusted Operating income margin was 15.5% compared to 16.6% for the prior year period. The combination of higher distribution revenue and higher float income negatively impacted margins by 40 basis points.Interest expense, net was $24 million, a decrease of $9 million, primarily due to lower average borrowings and lower borrowing costs.The effective tax rate was 23.1% compared to 19.1% in the prior year period. The change in effective tax rate for the three months ended December 31, 2025 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits.Net earnings increased 100% to $285 million and Adjusted Net earnings increased 1% to $187 million.Diluted earnings per share increased 102% to $2.42, compared to $1.20 in the prior year period, andAdjusted earnings per share increased 2% to $1.59, compared to $1.56 in the prior year period.Segment and Other Results for Second Quarter Fiscal Year 2026 compared to Second Quarter Fiscal Year 2025Investor Communication Solutions ("ICS")Total revenues were $1,233 million, an increase of $84 million, or 7%.Recurring revenues increased $49 million, or 9%, to $590 million. Recurring revenue growth constant currency (Non-GAAP) was 9%, driven by 4pts of Internal Growth, 3pts of Net New Business, and 2pts from acquisitions.By product line, Recurring revenue growth and Recurring revenue growth constant currency (Non-GAAP) were as follows:Regulatory rose 18% and 18%, respectively. Equity revenue position growth was 11% and Mutual fund/ETF position growth was 15%.Data-driven fund solutions decreased 2% and 2%, respectively, driven by a decline in retirement and workplace products which more than offset growth in data and analytics revenues.Issuer rose 8% and 8%, respectively, driven by growth in shareholder engagement solutions.Customer communications rose 6% and 5%, respectively, driven by growth in digital revenues, as well as the acquisition of Signal Agency Limited ("Signal").Event-driven revenues decreased $34 million, or 27%, to $91 million, as lower mutual fund proxy revenues were partially offset by higher equity and other revenues.Distribution revenues increased $69 million, or 14%, to $553 million, driven by a higher volume of communications and the postage rate increase of approximately $32 million.Earnings before income taxes decreased by $37 million, or 21%, to $137 million, as the impact of higher Recurring revenue was more than offset by lower Event-driven revenues and an increase in Operating expenses. Operating expenses rose 12%, or $121 million, to $1,096 million driven by higher distribution expenses, as well as higher technology and volume-related expenses.Pre-tax margins decreased to 11.1% from 15.1%.Global Technology and Operations ("GTO")Recurring revenues were $481 million, an increase of $41 million, or 9%. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by 6pts of organic growth and 2pts from the acquisition of Kyndryl's Securities Industry Services business ("SIS").By product line, Recurring revenue growth and the corresponding Recurring revenue growth constant currency (Non-GAAP) were as follows:Capital Markets rose 8% and 6%, respectively, primarily driven by 5pts of revenue from new sales and 3pts of Internal Growth. Internal Growth included 3pts, or $7 million, from digital asset revenues.Wealth and Investment Management rose 12% and 11%, respectively, driven by 6pts of organic growth and 5pts from the SIS acquisition.Earnings before income taxes were $78 million, an increase of $28 million, or 56%, as higher revenues more than offset higher expenses, including the impact of the SIS acquisition.Pre-tax margins increased to 16.1% from 11.3%.Corporate and OtherEarnings before income taxes were $156 million compared to Loss before income taxes of $48 million in the prior year period, primarily due to an unrealized gain on digital assets of $137 million, a realized gain of $53 million related to the Company's contribution of Canton Coins to the Canton Digital Asset Treasury, and a $9 million decline in Interest expense, net.Financial Results for Six Months Fiscal Year 2026 compared to the Six Months Fiscal Year 2025Total revenues increased 10% to $3,303 million from $3,012 million.Recurring revenues increased $167 million, or 9%, to $2,048 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by organic growth and acquisitions in ICS and GTO.Event-driven revenues increased $17 million, or 9%, to $204 million, driven by a higher volume of equity and other revenues, which offset a decline in mutual fund proxy revenues.Distribution revenues increased $107 million, or 11%, to $1,051 million, driven by the postage rate increase of approximately $57 million and higher Event-driven mailings.Operating income was $395 million, an increase of $50 million, or 14%. Operating income margin increased to 12.0%, compared to 11.5% for the prior year period, primarily due to higher Recurring and Event-driven revenues.Adjusted Operating income was $516 million, an increase of $68 million, or 15%. Adjusted Operating income margin was 15.6% compared to 14.9% for the prior year period. The combination of higher distribution revenue and higher float income negatively impacted margins by 30 basis points.Interest expense, net was $48 million, a decrease of $17 million, primarily due to lower average borrowings and lower borrowing costs.The effective tax rate was 22.9% compared to 19.6% in the prior year period. The change in effective tax rate for the six months ended December 31, 2025 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits.Net earnings increased 103% to $450 million and Adjusted Net earnings increased 20% to $365 million.Diluted earnings per share increased 103% to $3.82, compared to $1.88 in the prior year period, andAdjusted earnings per share increased 21% to $3.09, compared to $2.56 in the prior year period.Segment and Other Results for the Six Months Fiscal Year 2026 compared to the Six Months Fiscal Year 2025ICSTotal revenues were $2,363 million, an increase of $198 million, or 9%.Recurring revenues increased $74 million, or 7%, to $1,108 million. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by 4pts of Net New Business, 2pts of Internal Growth and 1pt from acquisitions.By product line, Recurring revenue growth and Recurring revenue growth constant currency (Non-GAAP) were as follows:Regulatory rose 11% and 11%, respectively. Equity revenue position growth was 10% and Mutual fund/ETF position growth was 8%.Data-driven fund solutions rose 1% and 0%, respectively, driven by global distribution insights products.Issuer rose 7% and 7%, respectively, driven by growth in shareholder engagement solutions and disclosure solutions.Customer communications rose 7% and 7%, respectively, driven by growth in digital and print revenues, as well as the acquisition of Signal.Event-driven revenues increased $17 million, or 9%, to 204 million, driven by a higher volume of equity and other revenues, which offset a decline in mutual fund proxy revenues.Distribution revenues increased $107 million, or 11%, to $1,051 million, primarily driven by the postage rate increases of approximately $57 million and higher Event-driven mailings.Earnings before income taxes decreased by $7 million, or 3%, to $263 million. The earnings benefit from higher Recurring revenue and Event-driven revenue was offset by higher Operating expenses. Operating expenses rose 11%, or $206 million, to $2,100 million driven by distribution expenses, as well as higher technology and volume-related expenses.Pre-tax margins decreased to 11.1% from 12.5%.GTORecurring revenues were $940 million, an increase of $93 million, or 11%. Recurring revenue growth constant currency (Non-GAAP) was 10%, driven by 6pts of organic growth and 4pts from the acquisition of SIS.By product line, Recurring revenue growth and the corresponding Recurring revenue growth constant currency (Non-GAAP) were as follows:Capital Markets rose 8% and 6%, respectively, primarily driven by 5pts of revenue from new sales and 3pts of Internal Growth. Internal Growth included 2pts, or $11 million, from digital asset revenues.Wealth and Investment Management rose 17% and 16%, respectively, driven by 11pts from the SIS acquisition and 6pts of organic growth.Earnings before income taxes were $145 million, an increase of $48 million, or 49%, as higher revenues more than offset higher expenses, including the impact of the SIS acquisition.Pre-tax margins increased to 15.4% from 11.5%.Corporate and OtherEarnings before income taxes were $175 million compared to Loss before income taxes of $91 million in the prior year period, primarily due to an unrealized gain on digital assets of $182 million, a realized gain of $53 million related to the Company's contribution of Canton Coins to the Canton Digital Asset Treasury, and a $17 million decline in Interest expense, net.Subsequent EventOn January 5, 2026, the Company completed the acquisition of Acolin Group Holdco Limited ("Acolin"). Acolin is a European provider of cross-border fund distribution and regulatory services. The total purchase price was approximately $70 million plus an additional contingent consideration liability. Acolin will be included in the Company's ICS reportable segment.Earnings Conference Call An analyst conference call will be held today, February 3, 2026 at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the live event and access the slide presentation, visit Broadridge's Investor Relations website at www.broadridge-ir.com prior to the start of the webcast. To listen to the call, investors may also dial 1-877-328-2502 within the United States and international callers may dial 1-412-317-5419. A replay of the webcast will be available and can be accessed in the same manner as the live webcast at the Broadridge Investor Relations site. Through February 10, 2026, the recording will also be available by dialing 1-855-669-9658 within the United States or 1-412-317-0088 for international callers, using passcode 4204217 for either dial-in number.Explanation and Reconciliation of the Company's Use of Non-GAAP Financial Measures The Company's results in this press release are presented in accordance with U.S. GAAP except where otherwise noted. In certain circumstances, results have been presented that are not generally accepted accounting principles measures ("Non-GAAP"). These Non-GAAP measures are Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share, Free cash flow, and Recurring revenue growth constant currency. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company's reported results.The Company believes our Non-GAAP financial measures help investors understand how management plans, measures and evaluates the Company's business performance. Management believes that Non-GAAP measures provide consistency in its financial reporting and facilitates investors' understanding of the Company's operating results and trends by providing an additional basis for comparison. Management uses these Non-GAAP financial measures to, among other things, evaluate our ongoing operations, and for internal planning and forecasting purposes. In addition, and as a consequence of the importance of these Non-GAAP financial measures in managing our business, the Company's Compensation Committee of the Board of Directors incorporates Non-GAAP financial measures in the evaluation process for determining management compensation.Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Earnings and Adjusted Earnings Per ShareThese Non-GAAP measures are adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items the exclusion of which management believes provides insight regarding our ongoing operating performance. Depending on the period presented, these adjusted measures exclude the impact of certain of the following items: (i) Amortization of Acquired Intangibles and Purchased Intellectual Property, which represent non-cash amortization expenses associated with the Company's acquisition activities. (ii) Acquisition and Integration Costs, which represent certain transaction and integration costs associated with the Company's acquisition activities. (iii) Restructuring and Other Related Costs, which represent costs associated with the Company's Corporate Restructuring Initiative to exit and/or realign some of our businesses, streamline the Company's management structure, reallocate work to lower cost locations, and reduce headcount in deprioritized areas, in addition to other restructuring activities. (iv) Gains or Losses on Digital Assets, which represents the quarterly mark to market gain or loss recorded to remeasure the Company's digital asset holdings in the form of Canton Coins to fair market value, in addition to the realized and unrealized gains or losses associated with the Company's contribution of Canton Coins to the Canton Digital Asset Treasury.We exclude Acquisition and Integration Costs, Restructuring and Other Related Costs, and Gains or Losses on Digital Assets from our Adjusted Operating income (as applicable) and other adjusted earnings measures because excluding such information provides us with an understanding of the results from the primary operations of our business and enhances comparability across fiscal reporting periods, as these items are not reflective of our underlying operations or performance.We also exclude the impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, as these non-cash amounts are significantly impacted by the timing and size of individual acquisitions and do not factor into the Company's capital allocation decisions, management compensation metrics or multi-year objectives. Furthermore, management believes that this adjustment enables better comparison of our results as Amortization of Acquired Intangibles and Purchased Intellectual Property will not recur in future periods once such intangible assets have been fully amortized. Although we exclude Amortization of Acquired Intangibles and Purchased Intellectual Property from our adjusted earnings measures, our management believes that it is important for investors to understand that these intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in the amortization of additional intangible assets.Free cash flowIn addition to the Non-GAAP financial measures discussed above, we provide Free cash flow information because we consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated that could be used for dividends, share repurchases, strategic acquisitions, other investments, as well as debt servicing. Free cash flow is a Non-GAAP financial measure and is defined by the Company as Net cash flows provided by operating activities less Capital expenditures as well as Software purchases and capitalized internal use software.Recurring revenue growth constant currencyAs a multi-national company, we are subject to variability of our reported U.S. dollar results due to changes in foreign currency exchange rates. The exclusion of the impact of foreign currency exchange fluctuations from our Recurring revenue growth, or what we refer to as amounts expressed "on a constant currency basis," is a Non-GAAP measure. We believe that excluding the impact of foreign currency exchange fluctuations from our Recurring revenue growth provides additional information that enables enhanced comparison to prior periods. Changes in Recurring revenue growth expressed on a constant currency basis are presented excluding the impact of foreign currency exchange fluctuations. To present this information, current period results for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average exchange rates in effect during the corresponding period of the comparative year, rather than at the actual average exchange rates in effect during the current fiscal year.Forward-Looking Statements This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "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 such as "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be," "on track," and other words of similar meaning, are forward-looking statements. In particular, information appearing in the "Fiscal Year 2026 Financial Guidance" section and statements about our three-year objectives are forward-looking statements.These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the year ended June 30, 2025 (the "2025 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2025 Annual Report.These risks include:changes in laws and regulations affecting Broadridge's clients or the services provided by Broadridge;Broadridge's reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge's services with favorable pricing terms;a material security breach or cybersecurity attack affecting the information of Broadridge's clients;declines in participation and activity in the securities markets;the failure of Broadridge's key service providers to provide the anticipated levels of service;a disaster or other significant slowdown or failure of Broadridge's systems or error in the performance of Broadridge's services;overall market, economic and geopolitical conditions and their impact on the securities markets;the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients;Broadridge's failure to keep pace with changes in technology and demands of its clients;competitive conditions;Broadridge's ability to attract and retain key personnel; andthe impact of new acquisitions and divestitures.There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition.Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.About Broadridge Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries. For more information about us, please visit www.broadridge.com.Contact Information Investors
broadridgeir@broadridge.com Media
Gregg.rosenberg@broadridge.com Condensed Consolidated Statements of Earnings(Unaudited) In millions, except per share amounts
Three Months Ended
December 31,
Six Months Ended
December 31,
2025
2024
2025
2024Revenues
$ 1,713.9
$ 1,589.2
$ 3,303.3
$ 3,012.1Operating expenses:
Cost of revenues
1,240.3
1,145.8
2,407.1
2,220.8 Selling, general and administrative expenses
267.5
232.8
501.4
446.1 Total operating expenses
1,507.9
1,378.5
2,908.5
2,667.0Operating income
206.0
210.7
394.8
345.1Interest expense, net
(23.8)
(32.7)
(48.0)
(65.0)Other non-operating income (expenses), net
188.0
(1.9)
236.5
(3.8)Earnings before income taxes
370.2
176.0
583.3
276.3Provision for income taxes
85.7
33.6
133.4
54.1Net earnings
$ 284.6
$ 142.4
$ 450.0
$ 222.2
Basic earnings per share
$ 2.44
$ 1.22
$ 3.85
$ 1.90Diluted earnings per share
$ 2.42
$ 1.20
$ 3.82
$ 1.88
Weighted-average shares outstanding:
Basic
116.8
117.1
116.9
117.0 Diluted
117.7
118.3
117.9
118.2Amounts may not sum due to rounding. Condensed Consolidated Balance Sheets(Unaudited) In millions, except per share amounts
December 31,
2025
June 30,
2025Assets
Current assets:
Cash and cash equivalents
$ 370.7
$ 561.5Accounts receivable, net of allowance for doubtful accounts of
$12.3 and $12.5, respectively
1,065.0
1,077.1Other current assets
258.2
178.5Total current assets
1,693.9
1,817.1Property, plant and equipment, net
160.1
170.1Goodwill
3,708.6
3,609.6Intangible assets, net
1,206.3
1,277.4Deferred client conversion and start-up costs
830.6
842.9Other non-current assets
1,040.1
827.9Total assets
$ 8,639.5
$ 8,545.0Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt
$ 499.7
$ 499.3Payables and accrued expenses
974.0
1,112.8Contract liabilities
269.1
249.1Total current liabilities
1,742.8
1,861.2Long-term debt
2,673.4
2,753.0Deferred taxes
347.9
261.0Contract liabilities
410.7
429.2Other non-current liabilities
585.5
585.5Total liabilities
5,760.3
5,889.9Stockholders' equity:
Preferred stock: Authorized, 25.0 shares; issued and outstanding, none
—
—Common stock, $0.01 par value: Authorized, 650.0 shares; issued,
154.5 and 154.5 shares, respectively; outstanding, 116.7 and 117.1
shares, respectively
1.6
1.6Additional paid-in capital
1,721.2
1,663.0Retained earnings
4,103.3
3,862.5Treasury stock, at cost: 37.7 and 37.3 shares, respectively
(2,747.8)
(2,599.0)Accumulated other comprehensive income (loss)
(198.9)
(272.9)Total stockholders' equity
2,879.2
2,655.1Total liabilities and stockholders' equity
$ 8,639.5
$ 8,545.0Amounts may not sum due to rounding. Condensed Consolidated Statements of Cash Flows(Unaudited) In millions Six Months Ended
December 31,
2025
2024Cash Flows From Operating Activities
Net earnings$ 450.0
$ 222.2Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization65.9
65.1Amortization of acquired intangibles and purchased intellectual property102.4
97.7Amortization of other assets84.7
85.9Write-down of long-lived assets and related charges0.8
2.3Stock-based compensation expense42.4
36.6Deferred income taxes70.5
(32.2) Digital assets change in fair market value(235.5)
—Other(18.1)
(13.0)Changes in operating assets and liabilities, net of assets and liabilities acquired:
Accounts receivable, net27.5
41.9 Other current assets11.8
(6.2) Payables and accrued expenses(204.9)
(346.3) Contract liabilities34.3
18.0 Other non-current assets(39.5)
(60.4) Other non-current liabilities(25.3)
(0.3)Net cash flows from operating activities367.1
111.2Cash Flows From Investing Activities
Capital expenditures(21.5)
(16.7)Software purchases and capitalized internal use software(27.0)
(38.2)Acquisitions, net of cash acquired(55.8)
(193.5)Other investing activities(18.1)
(2.0)Net cash flows from investing activities(122.5)
(250.4)Cash Flows From Financing Activities
Debt proceeds538.5
740.3Debt repayments(621.1)
(437.3)Dividends paid(216.9)
(196.2)Purchases of Treasury stock(152.5)
(3.9)Proceeds from exercise of stock options18.2
30.6Other financing activities(4.6)
(5.9)Net cash flows from financing activities(438.4)
127.7Effect of exchange rate changes on Cash and cash equivalents2.9
(3.0)Net change in Cash and cash equivalents(190.8)
(14.5)Cash and cash equivalents, beginning of period561.5
304.4Cash and cash equivalents, end of period$ 370.7
$ 289.9Amounts may not sum due to rounding. Segment Results(Unaudited) In millions Three Months Ended
December 31,
Six Months Ended
December 31,
2025
2024
2025
2024Revenues
Investor Communication Solutions$ 1,233.3
$ 1,149.2
$ 2,363.2
$ 2,164.8Global Technology and Operations480.6
440.0
940.1
847.2Total$ 1,713.9
$ 1,589.2
$ 3,303.3
$ 3,012.1
Earnings before Income Taxes
Investor Communication Solutions$ 136.8
$ 174.1
$ 263.2
$ 270.6Global Technology and Operations77.6
49.7
144.9
97.1Other155.9
(47.7)
175.3
(91.4)Total$ 370.2
$ 176.0
$ 583.3
$ 276.3
Pre-tax margins:
Investor Communication Solutions11.1 %
15.1 %
11.1 %
12.5 %Global Technology and Operations16.1 %
11.3 %
15.4 %
11.5 %
Amortization of acquired intangibles and purchased intellectual property
Investor Communication Solutions$ 10.6
$ 10.9
$ 20.3
$ 22.5Global Technology and Operations41.1
38.6
82.1
75.2 Total$ 51.7
$ 49.5
$ 102.4
$ 97.7Amounts may not sum due to rounding. Supplemental Reporting Detail - Additional Product Line Reporting(Unaudited) In millions Three Months Ended December 31,
Six Months Ended December 31,
2025
2024
Change
2025
2024
ChangeInvestor Communication Solutions
Regulatory$ 248.7
$ 210.5
18 %
$ 446.0
$ 400.4
11 %Data-driven fund solutions112.7
114.5
(2 %)
223.7
222.5
1 %Issuer38.9
36.0
8 %
71.6
66.9
7 %Customer communications189.2
179.2
6 %
366.3
343.4
7 % Total ICS Recurring revenues589.5
540.2
9 %
1,107.5
1,033.2
7 %
Equity and other39.2
24.6
59 %
63.2
45.8
38 %Mutual funds51.4
99.9
(49 %)
141.2
141.9
— % Total ICS Event-driven revenues90.6
124.6
(27 %)
204.4
187.6
9 %
Distribution revenues553.2
484.5
14 %
1,051.3
944.0
11 %
Total ICS Revenues$ 1,233.3
$ 1,149.2
7 %
$ 2,363.2
$ 2,164.8
9 %
Global Technology and Operations
Capital markets$ 300.9
$ 279.4
8 %
$ 581.6
$ 540.4
8 %Wealth and investment management179.7
160.6
12 %
358.5
306.8
17 % Total GTO Recurring revenues480.6
440.0
9 %
940.1
847.2
11 %
Total Revenues$ 1,713.9
$ 1,589.2
8 %
$ 3,303.3
$ 3,012.1
10 %
Revenues by Type
Recurring revenues$ 1,070.1
$ 980.2
9 %
$ 2,047.6
$ 1,880.5
9 %Event-driven revenues90.6
124.6
(27 %)
204.4
187.6
9 %Distribution revenues553.2
484.5
14 %
1,051.3
944.0
11 % Total Revenues$ 1,713.9
$ 1,589.2
8 %
$ 3,303.3
$ 3,012.1
10 %Amounts may not sum due to rounding. Select Operating Metrics (Unaudited) In millions Three Months Ended December 31,
Six Months Ended December 31,
2025
2024
Change
2025
2024
Change
Closed sales (a)$ 56.8
$ 45.7
24 %
$ 89.3
$ 103.2
(13 %)
Position Growth (b)
Equity positions17 %
11 %
15 %
8 %
Equity revenue positions11 %
N/A
10 %
N/A
Mutual fund / ETF positions15 %
5 %
8 %
8 %
Internal Trade Growth (c)11 %
13 %
14 %
12 %
Amounts may not sum due to rounding.
(a) Refer to the "Results of Operations" section of Broadridge's Form 10-Q for a description of Closed sales and its calculation.(b) Position Growth is comprised of "equity position growth" and "mutual fund/ETF position growth." Equity position growth measures the estimated annual change in positions eligible for equity proxy materials. Beginning in the fourth quarter of fiscal year 2025, the Company began presenting information on "equity revenue position growth". Equity revenue position growth excludes small or fractional equity positions for which the Company does not recognize revenue ("non-revenue positions"). Prior-year period comparative information for this metric is not available. Mutual fund/ETF position growth measures the estimated change in mutual fund and exchange traded fund positions eligible for interim communications. These metrics are calculated from equity proxy and mutual fund/ETF position data reported to Broadridge for the same issuers or funds in both the current and prior year periods.(c) Represents the estimated change in daily average trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge's trading platforms in both the current and prior year periods. Reconciliation of Non-GAAP to GAAP Measures(Unaudited) In millions, except per share amounts Three Months Ended
December 31,
Six Months Ended
December 31,
2025
2024
2025
2024Reconciliation of Adjusted Operating Income
Operating income (GAAP)$ 206.0
$ 210.7
$ 394.8
$ 345.1Adjustments:
Amortization of Acquired Intangibles and Purchased Intellectual Property51.7
49.5
102.4
97.7Acquisition and Integration Costs2.3
3.1
9.5
5.3 Restructuring and Other Related Costs (a)5.2
—
9.7
—Adjusted Operating income (Non-GAAP)$ 265.2
$ 263.3
$ 516.4
$ 448.1Operating income margin (GAAP)12.0 %
13.3 %
12.0 %
11.5 %Adjusted Operating income margin (Non-GAAP)15.5 %
16.6 %
15.6 %
14.9 %
Reconciliation of Adjusted Net earnings
Net earnings (GAAP)$ 284.6
$ 142.4
$ 450.0
$ 222.2Adjustments:
Amortization of Acquired Intangibles and Purchased Intellectual Property51.7
49.5
102.4
97.7Acquisition and Integration Costs2.3
3.1
9.5
5.3Restructuring and Other Related Costs (a)5.2
—
9.7
—Gains or Losses on Digital Assets(186.8)
—
(232.7)
— Subtotal of adjustments(127.6)
52.6
(111.1)
103.0Tax impact of adjustments (b)29.7
(10.7)
25.8
(22.5)Adjusted Net earnings (Non-GAAP)$ 186.6
$ 184.4
$ 364.7
$ 302.7
Reconciliation of Adjusted EPS
Diluted earnings per share (GAAP)$ 2.42
$ 1.20
$ 3.82
$ 1.88Adjustments:
Amortization of Acquired Intangibles and Purchased Intellectual Property0.44
0.42
0.87
0.83Acquisition and Integration Costs0.02
0.03
0.08
0.04Restructuring and Other Related Costs (a)0.04
—
0.08
—Gains or Losses on Digital Assets(1.59)
—
(1.97)
— Subtotal of adjustments(1.08)
0.44
(0.94)
0.87Tax impact of adjustments (b)0.25
(0.09)
0.22
(0.19)Adjusted earnings per share (Non-GAAP)$ 1.59
$ 1.56
$ 3.09
$ 2.56(a) Restructuring and Other Related Costs for the three and six months ended December 31, 2025 consists of severance and other costs related to the closure of substantially all operations of a production facility. Costs incurred are not reflected in segment profit and are recorded within Corporate and Other. The total estimated pre-tax costs for actions and associated costs related to the closure are approximately $20 million and will be completed in the third quarter of fiscal year 2026.(b) Calculated using the GAAP effective tax rate, adjusted to exclude $0.4 million and $2.3 million of excess tax benefits associated with stock-based compensation for the three and six months ended December 31, 2025, respectively and $3.2 million and $6.3 million of excess tax benefits associated with stock-based compensation for the three and six months ended December 31, 2024, respectively. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis.
Six Months Ended
December 31,
2025
2024Reconciliation of Free cash flow
Net cash flows from operating activities (GAAP)$ 367.1
$ 111.2Capital expenditures and Software purchases and capitalized internal use software(48.6)
(54.9)Free cash flow (Non-GAAP)$ 318.5
$ 56.3
Reconciliation of Recurring Revenue Growth Constant Currency
Three Months Ended December 31, 2025Investor Communication SolutionsRegulatory
Data-
Driven
Fund
Solutions
Issuer
Customer
Comms.
TotalRecurring revenue growth (GAAP)18 %
(2 %)
8 %
6 %
9 %Impact of foreign currency exchange0 %
0 %
0 %
0 %
0 %Recurring revenue growth constant currency (Non-GAAP)18 %
(2 %)
8 %
5 %
9 %
Three Months Ended December 31, 2025Global Technology and OperationsCapital Markets
Wealth and
Investment
Management
TotalRecurring revenue growth (GAAP)8 %
12 %
9 %Impact of foreign currency exchange(2 %)
(1 %)
(2 %)Recurring revenue growth constant currency (Non-GAAP)6 %
11 %
8 %
Three Months Ended
December 31, 2025ConsolidatedTotalRecurring revenue growth (GAAP)9 %Impact of foreign currency exchange(1 %)Recurring revenue growth constant currency (Non-GAAP)8 %
Six Months Ended December 31, 2025Investor Communication SolutionsRegulatory
Data-
Driven
Fund
Solutions
Issuer
Customer
Comms.
TotalRecurring revenue growth (GAAP)11 %
1 %
7 %
7 %
7 %Impact of foreign currency exchange0 %
(1 %)
0 %
0 %
0 %Recurring revenue growth constant currency (Non-GAAP)11 %
— %
7 %
7 %
7 %
Six Months Ended December 31, 2025Global Technology and OperationsCapital Markets
Wealth and
Investment
Management
TotalRecurring revenue growth (GAAP)8 %
17 %
11 %Impact of foreign currency exchange(1 %)
0 %
(1 %)Recurring revenue growth constant currency (Non-GAAP)6 %
16 %
10 %
Six Months Ended
December 31, 2025ConsolidatedTotalRecurring revenue growth (GAAP)9 %Impact of foreign currency exchange(1 %)Recurring revenue growth constant currency (Non-GAAP)8 %Amounts may not sum due to rounding. Fiscal Year 2026 GuidanceReconciliation of Non-GAAP to GAAP MeasuresAdjusted Earnings Per Share Growth and Adjusted Operating Income Margin(Unaudited) FY26 Recurring revenue growth
Impact of foreign currency exchange (a)
(1%) - 0%Recurring revenue growth constant currency (Non-GAAP)
5 - 7%
FY26 Adjusted Operating income margin (b)
Operating income margin % (GAAP)
17 - 19%Adjusted Operating income margin % (Non-GAAP)
20 - 21%
FY26 Adjusted earnings per share growth rate (c)
Diluted earnings per share (GAAP)
32 - 36% growthAdjusted earnings per share (Non-GAAP)
9 - 12% growth(a) Based on forward rates as of January 2026.(b) Adjusted Operating income margin guidance (Non-GAAP) is adjusted to exclude the approximately $10 million impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Restructuring and Other Related Costs and Gains or Losses on Digital Assets.(c) Adjusted earnings per share growth guidance (Non-GAAP) is adjusted to exclude the approximately $0.07 per share impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Restructuring and Other Related Costs, and Gains or Losses on Digital Assets, and is calculated using diluted shares outstanding.
View original content to download multimedia:https://www.prnewswire.com/news-releases/broadridge-reports-second-quarter-fiscal-2026-results-302677063.htmlSOURCE Broadridge Financial Solutions, Inc.
Original: Broadridge Reports Second Quarter Fiscal 2026 Results
US Market News
4月前
Advisors Signal Desire for More Technology and Product Education to Drive Growth in New Study from Broadridge and FSIFebruary 2, 2026 8:30 AM
PR Newswire (US)
Investor interest in cryptocurrency increases despite limited advisor education,
51% of advisors already use generative AI, with client engagement and marketing as top benefitsNEW YORK, Feb. 2, 2026 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, and the Financial Services Institute (FSI), the leading advocacy organization for independent financial firms and independent financial advisors, today released a joint study, showing that advisors' growth ambitions are creating fresh demand for stronger technology and education support.According to the survey, 68% of advisors are not very confident that their firm's current technology environment is optimized to support their growth goals, with 30% indicating that access to the right mix of tools would influence decisions about their broker-dealer relationships. At the same time, over three-quarters (76%) of advisors agree that better technology tools would greatly improve new client acquisition, signaling that there is meaningful upside for firms to continue investing in modern, advisor-friendly capabilities and the enablement needed to help advisors fully leverage them as their practices grow and scale."As client expectations rise, advisors are looking for more connected technology and stronger education to support growth," said Chris Perry, President of Broadridge. "Broadridge works closely with advisors and firms to help modernize technology environments, improve efficiency, and support more seamless client experiences, all of which help advisors streamline their practices, attract and retain next-gen clients, and expand their product offerings to include asset classes like digital assets."The findings highlight a clear opportunity to further modernize and connect advisor technology, strengthen education around emerging asset classes, and deliver intuitive tools that help advisors grow their businesses while building deeper relationships with next-generation investors.Platform priorities shape advisor views on growth support and enablementWhen asked where broker-dealers should prioritize investments to improve technology capabilities, advisors point to a short list of practical, day-to-day functions that directly affect efficiency and client experience: account opening and client onboarding (22%), paperwork automation (15%), client-facing tools (15%), and financial planning tools (10%).Beyond technology, advisors say more training and better awareness of available tools would help. More than eight in ten advisors (82%) say that better training and greater awareness of available technology would help them more effectively drive business growth, underscoring the importance of not only modern tools, but also education and enablement.AI as a core tool for client engagementAdoption of generative AI is already widespread among advisors, with 51% reporting current use across at least one area of their business. Usage is highest among younger advisors, with 67% under age 45 leveraging AI tools, compared to 43% of advisors 65 and over. Adoption is also higher among larger practices, with 55% of advisors at firms managing $50 million or more in assets reporting AI use, compared with 43% of smaller practices (managing less than $50 million in assets).On average, advisors using AI report applying it in two areas: client engagement (29%) and marketing (21%). These findings underscore AI's growing role in improving efficiency, scaling engagement, and supporting advisor growth."Client expectations are rising as investors adopt a digital-first mindset and have access to more information about financial products and investment options than ever before," said Dale Brown, President & CEO of FSI. "Across the independent financial services industry, momentum is building around the adoption of AI and other emerging technologies to increase efficiency and elevate the client experience. Innovative digital tools create a powerful opportunity to enhance client services, strengthen advisor-client relationships and support sustainable growth, while helping independent advisors and firms build lasting relationships with the next generation of investors."Growing investor demand for specialty asset classes outpaces advisor confidenceThe study shows a clear increase in investor interest across non-traditional investment categories, yet very few advisors feel very confident advising on specialty investment products. More than half of advisors (53%) report growing client interest in cryptocurrency, despite ranking cryptocurrency as their lowest priority and nearly half (48%) reporting that they need to build their knowledge on the asset class.Similarly, 31% of advisors report increased client demand for alternatives; however, confidence is higher as 77% of advisors feel confident in their ability to advise clients on these investments.In addition to education, advisors also report that technology is a key enabler of their ability to manage alternative investments on behalf of clients. Thirty-eight percent of advisors note that technology has improved tracking, performance, and analytics monitoring, and 37% cite that technology overall has increased their access to alternative investment opportunities.MethodologyThis survey was a joint initiative between Broadridge and FSI, and conducted by 8 Acre Perspective Corp. A total of 428 financial advisors and employees of financial advisory firms completed the survey, which was fielded from Aug. 4-28, 2025.About BroadridgeBroadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over $15 trillion in equities, fixed income, and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries. For more information, visit www.broadridge.com.About the Financial Services InstituteThe Financial Services Institute (FSI) is the only organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, through advocacy, education and public awareness, FSI has successfully promoted a more responsible regulatory environment for over 60 independent financial services firm members and their 130,000+ affiliated financial advisors – which comprise over 45% of all producing registered representatives. We effect change through involvement in FINRA governance as well as constructive engagement in the regulatory and legislative processes, working to create a healthier regulatory environment for our members so they can provide affordable, objective advice to hard-working Main Street Americans.For more information, please visit financialservices.orgMedia Contacts:For Broadridge
Caroline Wolf
cwolf@prosek.com For FSI
Michael Dugan
mdugan@haventower.com
View original content:https://www.prnewswire.com/news-releases/advisors-signal-desire-for-more-technology-and-product-education-to-drive-growth-in-new-study-from-broadridge-and-fsi-302675265.htmlSOURCE Broadridge Financial Solutions, Inc.
Original: Advisors Signal Desire for More Technology and Product Education to Drive Growth in New Study from Broadridge and FSI
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
iHub News
4月前
TFMG
6年前
whytestocks
7年前
ValueInvestor15
10年前
stocktrademan
11年前
Penny Roger$
14年前
メールアドレスで登録
