Broadridge Financial Solutions, Inc. Q1 2027 Earnings Recap

Broadridge’s fiscal first-quarter results were mixed, and the stock was nearly flat, down 0.2% after earnings. Recurring revenue grew at a double-digit rate and full-year guidance was reaffirmed, while management flagged that timing boosted fund-position growth this quarter.

Key Takeaways

• Recurring revenue rose 11% on a constant-currency basis, with double-digit growth in Governance and GTO; closed sales increased 10% to $36 million.
• Governance revenue grew 10% in constant currency. Total equity positions rose 16%, while fund-position growth accelerated to 16% from 6% for fiscal 2026; management said timing contributed and testing indicates sustained high-single-digit growth.
• Capital Markets recurring revenue increased 17%, including 12% organic growth. Wealth revenue rose 6%.
• Broadridge reaffirmed full-year guidance across all metrics and said it remains on track for $290 million–$330 million in full-year closed sales.
• The company repurchased $200 million of shares in the quarter and cited continued investment in digital engagement, tokenization, and agentic AI.