Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Broadridge's fiscal year 2026 was defined by solid organic recurring revenue growth of 8% and a 9% rise in event-driven revenues, alongside a significant non-cash gain on digital assets that lifted net earnings by 34%. The Investor Communication Solutions (ICS) segment saw recurring revenue growth of 8% and a 9% increase in distribution revenues driven by postage rate hikes, while Global Technology and Operations (GTO) achieved 8% recurring revenue growth with pre-tax margin expanding 4.2 points to 15.5%. However, ICS pre-tax margin slipped 0.8 points as higher operating expenses partially offset revenue gains, and the potential adoption of proposed SEC e-delivery rules could pressure future recurring revenue and distribution volumes.
Revenue
$7.48B
+8.53% YoY
EPS (Diluted)
$9.60
+35.21% YoY
Operating Income
$1.3B
+9.42% YoY
Audit Opinion: Unqualified opinion on the financial statements and internal control over financial reporting.(Report of Independent Registered Public Accounting Firm)
Source: SEC XBRL
Broadridge Financial Solutions (BR) reported FY2026 revenue of $7.48B, up 8.5% year over year. Operating margin was 17.4%, up 0.1 points from 17.3% a year earlier. Operating cash flow was $1.35B, up 14.9% year over year.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 3.82 | 3.87 | Miss -1.3% |
| Mar 2026 | 2.72 | 2.68 | Beat +1.4% |
| Dec 2025 | 1.59 | 1.40 | Beat +13.4% |
| Sep 2025 | 1.51 | 1.28 | Beat +18.3% |
Reported EPS of $3.82 versus the $3.87 analyst consensus — a -1.3% miss for Jun 2026.
2 reported segments · SEC XBRL
Segment revenue totals $7.48B, which is the $7.48B of consolidated revenue on the income statement.
Compiled by AI from 10-K Item 7 of this filing
Recurring revenue growth of 8% was driven by 3pts of Net New Business, 3pts of Internal Growth, 2pts from acquisitions, and 1pt from foreign exchange. Recurring revenue growth constant currency (Non-GAAP) was also 8%.
Source: 10-K Item 7 MD&A
Event-driven revenues increased 9% to $348.1 million, primarily due to higher equity and other communications activity. Mutual fund proxy revenues were flat after a 75% surge in the prior year, while equity proxy contests and specials saw growth.
Source: 10-K Item 7 MD&A
A non-cash gain on digital assets of $227.0 million, primarily from mark-to-market of Canton Coins, contributed to Other non-operating income and was a key driver of the 34% increase in net earnings.
Source: 10-K Item 7 MD&A
ICS pre-tax margin decreased 0.8 points to 19.8%, as higher distribution and operating expenses offset revenue growth. In contrast, GTO pre-tax margin expanded 4.2 points to 15.5%, benefiting from operating leverage and contributions from acquisitions.
Source: 10-K Item 7 MD&A
Closed sales, an indicator of future recurring revenue, rose to $305.1 million from $287.9 million, net of a 5% allowance adjustment, signaling continued business momentum.
Source: 10-K Item 7 MD&A
Compiled by AI from 10-K Item 1A of this filing · 3 high, 2 medium, 0 low
The SEC's proposed Regulation E-Delivery would allow default electronic delivery of investor communications, potentially reducing paper-based distribution volumes and recurring revenue growth. Management expects a modest decrease in recurring revenue growth over two to three years if adopted, though new solutions may offset some impact.
Source: 10-K Item 1A
In fiscal 2026, the largest client accounted for approximately 7% of consolidated revenues. The loss of any major client due to merger, financial difficulties, or contract termination could materially reduce revenues and require write-offs of related onboarding costs, which represent about 9% of total assets.
Source: 10-K Item 1A
The company processes extensive sensitive data, including personal and financial information, making it a target for increasingly sophisticated cyberattacks. Past incidents include phishing and denial-of-service attacks; a successful major breach could result in data loss, service disruption, regulatory penalties, and reputational damage.
Source: 10-K Item 1A
Emerging technologies such as distributed ledgers and tokenized securities could reduce demand for traditional securities processing and investor communications. If tokenized securities achieve broad adoption, Broadridge's intermediary-based services may be displaced, requiring significant investment to adapt.
Source: 10-K Item 1A
Mergers and acquisitions among financial institutions can eliminate clients or lead to in-sourcing of services. Several major consolidations have occurred recently, and future consolidation could further concentrate the client base and reduce demand for Broadridge's products.
Source: 10-K Item 1A
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 7.48 $B | 6.89 $B | +8.53% |
Cost of Revenue $B | 5.10 $B | 4.75 $B | +7.33% |
Operating Income $B | 1.30 $B | 1.19 $B | +9.42% |
Net Income $B | 1.12 $B | 0.84 $B | +33.92% |
EPS (Basic) $ | 9.67 $ | 7.17 $ | +34.87% |
EPS (Diluted) $ | 9.60 $ | 7.10 $ | +35.21% |
SG&A Expense $B | 1.08 $B | 0.95 $B | +13.43% |
Answers draw on this SEC filing and the data on this page
BR (Broadridge Financial Solutions) delivered solid Q3 FY2026 results with revenue up 7.8% to $1.95B and net income surging 13.7% to $276.3M, though SG&A cost growth and a current ratio below 1.0 warrant monitoring.
BR (Broadridge Financial Solutions) delivered strong Q2 FY2026 results with revenue up 7.8% YoY to $1.71B and net income nearly doubling to $284.6M, though operating margin contracted slightly as SG&A costs rose 14.9%.