Broadridge Financial Solutions, Inc. Earnings Recaps
Q3 2026
May 4, 2026
Broadridge’s shares fell 3.4% after the company lowered its sales guidance, signaling investor concerns about deal closures slowing despite healthy pipeline growth and solid recurring revenue gains.
Key takeaways
- Recurring revenue grew 6% constant currency, and adjusted EPS increased 11% for the quarter.
- Governance segment delivered 8% recurring revenue growth, supported by strong equity position growth of 15%.
- Capital Markets grew underlying revenues 6%, but lower license revenues weighed on overall results.
- Wealth Management recurring revenue rose 8% constant currency, driven primarily by the Canadian market.
- Year-to-date closed sales dropped 16% to $147 million, leading management to lower full-year sales guidance to a range of $240 million to $290 million amid longer sales cycles and larger deal complexity.
Q2 2026
Feb 3, 2026
Broadridge Financial Solutions delivered strong second-quarter results for fiscal 2026, achieving 8% growth in recurring revenue and an adjusted EPS of $1.59, highlighting resilience amid a robust capital markets environment.
Key takeaways
- Governance recurring revenues increased by 9% in constant currency, driven by effective sales and position growth.
- The company reaffirms its 2026 guidance for recurring revenue growth and margins, raising its adjusted EPS growth outlook to 9% to 12%.
- Broadridge is advancing in shareholder engagement, with over 600 funds utilizing its voting choice solution, up significantly from previous years.
- Strong capital allocation strategy with expectations of 100%+ free cash flow conversion, supporting potential M&A while returning capital to shareholders.
- Rapid progress in the tokenization of equities, positioning Broadridge to leverage emerging opportunities and enhance governance capabilities.