Financial Performance - Revenues for the three months ended March 31, 2025, were $1,811.7 million, a 4.9% increase from $1,726.5 million in the same period of 2024[13] - Operating income for the three months ended March 31, 2025, was $344.9 million, up 14.0% from $302.9 million in the prior year[13] - Net earnings for the nine months ended March 31, 2025, reached $465.3 million, representing a 24.1% increase compared to $374.9 million for the same period in 2024[13] - Basic earnings per share for the three months ended March 31, 2025, were $2.07, an increase of 14.4% from $1.81 in the prior year[13] - Comprehensive income for the three months ended March 31, 2025, was $216.6 million, compared to $250.1 million for the same period in 2024, indicating a decrease of about 13.4%[31] - For the nine months ended March 31, 2025, the company reported comprehensive income of $243.1 million, compared to $213.7 million for the same period in 2024, reflecting an increase of approximately 13.8%[30] Revenue Breakdown - Recurring revenues for the nine months ended March 31, 2025, reached $3,084.3 million, up 6.5% from $2,896 million in the prior year[59] - Distribution revenues for the three months ended March 31, 2025, were $555.0 million, compared to $533.3 million in the same period of 2024, reflecting a growth of 4.1%[59] - Investor Communication Solutions segment revenues totaled $1,347.5 million for the three months ended March 31, 2025, compared to $1,301.4 million in the same period of 2024, marking a 3.5% increase[59] - Global Technology and Operations segment revenues for the three months ended March 31, 2025, were $464.1 million, up from $425.1 million in the same period of 2024, representing an increase of 9.1%[59] - Event-driven revenues for the nine months ended March 31, 2025, were $240.3 million, compared to $209 million in the prior year, indicating a growth of 15%[59] Assets and Liabilities - Total assets as of March 31, 2025, were $8,299.6 million, compared to $8,242.4 million as of June 30, 2024[20] - Long-term debt as of March 31, 2025, was $3,433.6 million, an increase from $3,355.1 million as of June 30, 2024[20] - Total payables and accrued expenses decreased to $1,027.7 million as of March 31, 2025, down from $1,194.4 million on June 30, 2024, representing a decline of 14.0%[89] - Employee compensation and benefits liability decreased to $275.1 million as of March 31, 2025, from $354.4 million on June 30, 2024, a reduction of 22.3%[90] - Total non-current liabilities amounted to $547.7 million, a slight decrease from $550.9 million on June 30, 2024[104] Cash Flow and Investments - The company reported net cash flows from operating activities of $471.6 million for the nine months ended March 31, 2025, compared to $335.2 million in the prior year[23] - The company made acquisitions totaling $193.5 million during the nine months ended March 31, 2025[23] - The Company acquired Kyndryl's Securities Industry Services business for an aggregate purchase price of $185.5 million, which included $38.3 million allocated to goodwill and $149.1 million to intangible assets[69] - The acquisition of AdvisorTarget in May 2024 had an aggregate purchase price of $34.3 million in cash, with contingent consideration potentially reaching $30.5 million based on revenue targets[71] Stockholder Equity and Dividends - As of March 31, 2025, total stockholders' equity increased to $2,382.3 million, up from $2,228.3 million on December 31, 2024, reflecting a growth of approximately 6.9%[27] - The company declared dividends totaling $299.2 million during the nine months ended March 31, 2025, compared to $273.9 million in the prior year[23] - Common stock dividends declared were $103.2 million for the three months ended March 31, 2025, with a dividend per share of $0.88, compared to $94.4 million and $0.80 per share for the same period in 2024[31] Operating Expenses and Tax - Total operating expenses for the three months ended March 31, 2025, increased by $43.2 million, or 3%, to $1,466.8 million[182] - The effective tax rate for the three months ended March 31, 2025, was 21.8%, up from 19.8% in the prior year, primarily due to lower discrete tax benefits[112] - The effective tax rate for the nine months ended March 31, 2025, was 20.8%, up from 19.8% in the previous year[192] Compliance and Regulatory - The company is currently assessing the impact of new accounting standards on its consolidated financial statements, including ASU No. 2023-09 and ASU No. 2023-08, effective in fiscal years 2026[46][47] - The company remains in compliance with all covenants of its debt agreements as of March 31, 2025[95] - The company is in compliance with regulatory capital requirements for its subsidiaries as of March 31, 2025[130] Miscellaneous - The company operates in two segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO), focusing on technology-driven solutions for financial markets[36] - Broadridge's technology solutions support the entire trade lifecycle, processing clearance and settlement in over 100 countries, enhancing operational efficiency for clients[39] - The company utilizes Non-GAAP financial measures to provide additional insights into its operating performance, including Adjusted Operating Income and Free Cash Flow[205]

Broadridge Financial Solutions (BR) came out with quarterly earnings of $2.44 per share, beating the Zacks Consensus Estimate of $2.39 per share. This compares to earnings of $2.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.09%. A quarter ago, it was expected that this technology outsourcing company would post earnings of $1.39 per share when it actually produced earnings of $1.56, delivering a surprise of 12.23%.Over t ...

Broadridge Financial Solutions (BR) Q3 2025 Earnings Call May 01, 2025 08:30 AM ET Speaker0 Please note this event is being recorded. I would now like to turn the conference over to Eddings Tivo, Head of Investor Relations. Please go ahead. Speaker1 Thank you, Dave, and good morning, everybody, and welcome to Broadridge's third quarter and fiscal year twenty twenty five earnings call. The earnings release and the slides that accompany this call may be found on the Investor Relations section of broadridge.co ...

Revenue Growth - Recurring revenues increased by 7% to $1,204 million in Q3 FY2025, with constant currency growth at 8%[1] - The company reaffirmed FY2025 guidance of 6-8% Recurring revenue growth in constant currency and Adjusted EPS growth in the middle of the 8-12% range[2] - Total revenues for the nine months increased by 6% to $4,824 million, with Recurring revenues up 6% to $3,084 million[9] - Revenues for the three months ended March 31, 2025, were $1,811.7 million, an increase of 4.9% compared to $1,726.5 million for the same period in 2024[34] - Total revenues for the three months ended March 31, 2025, were $1,811.7 million, representing a 5% increase from $1,726.5 million in the same period of 2024[45] - Investor Communication Solutions revenue increased to $1,347.5 million, up 4% from $1,301.4 million year-over-year[45] - Global Technology and Operations revenue rose to $464.1 million, a 9% increase compared to $425.1 million in the prior year[45] - Recurring revenues for the three months ended March 31, 2025, were $1,203.9 million, a 7% increase from $1,126.2 million year-over-year[45] - Total ICS recurring revenues for the nine months ended March 31, 2025, were $1,773.0 million, reflecting a 7% increase from $1,663.2 million in the same period of 2024[45] - Recurring revenue growth for the three months ended March 31, 2025, was 7% (GAAP), with constant currency growth (Non-GAAP) at 8%[61] - Recurring revenue growth for the Data-Driven Fund segment was 6% (GAAP) and 7% (constant currency) for the nine months ended March 31, 2025[57] - The Wealth and Investment Management segment reported a recurring revenue growth of 7% (GAAP) and 7% (constant currency) for the same period[59] Earnings Performance - Diluted EPS rose 15% to $2.05, while Adjusted EPS grew 9% to $2.44[1] - Net earnings increased by 14% to $243 million, while Adjusted Net earnings rose by 8% to $289 million[6] - Basic earnings per share for the three months ended March 31, 2025, were $2.07, compared to $1.81 for the same period in 2024, reflecting a growth of 14.4%[34] - Adjusted earnings per share (EPS) for the three months ended March 31, 2025, was $2.44, up from $2.23 in the same period of 2024[51] - Diluted earnings per share (GAAP) is anticipated to grow by 20% to 25% for FY25, while adjusted earnings per share (Non-GAAP) growth is expected to be between 8% and 12%[61] Operating Income - Operating income increased by 14% to $345 million, with an operating income margin of 19.0%[6] - The company reported a total operating income of $344.9 million for the three months ended March 31, 2025, up from $302.9 million in the same period of 2024, representing a growth of 13.9%[34] - Adjusted operating income for the three months ended March 31, 2025, was $405.2 million, up from $369.5 million in the same period of 2024[51] Cash Flow and Liquidity - Free cash flow for the nine months ended March 31, 2025, was $471.6 million, indicating strong liquidity for potential dividends and strategic acquisitions[38] - Free cash flow for the nine months ended March 31, 2025, was $393.2 million, up from $258.6 million in the previous year, representing a 52% increase[54] - The company recorded a net cash flow from operating activities of $471.6 million for the nine months ended March 31, 2025, compared to $335.2 million in the previous year[54] - Cash and cash equivalents at the end of the period were $317.2 million, compared to $235.6 million at the end of March 31, 2024, showing an increase of 34.6%[38] Strategic Focus - The company’s strategy focuses on digitizing governance and modernizing wealth management, positioning for long-term growth[3] - The company anticipates continued revenue growth and has set financial guidance for fiscal year 2025, reflecting management's positive outlook despite market uncertainties[26] Tax and Debt - The effective tax rate for Q3 FY2025 was 21.8%, up from 19.8% in the prior year period[6] - Long-term debt increased to $3,433.6 million as of March 31, 2025, compared to $3,355.1 million in the previous year[36] - The company incurred acquisition costs of $193.5 million during the nine months ended March 31, 2025, indicating ongoing investment in growth[38]

Powering and transforming financial markets Earnings Conference Call Fiscal Third Quarter 2025 May 1, 2025 Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives of Broadridge Financial Solutions, Inc. ("Broadridge" or the "Company") contains "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 s ...

In its upcoming report, Broadridge Financial Solutions (BR) is predicted by Wall Street analysts to post quarterly earnings of $2.39 per share, reflecting an increase of 7.2% compared to the same period last year. Revenues are forecasted to be $1.86 billion, representing a year-over-year increase of 7.6%.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this t ...

Core Viewpoint - Broadridge Financial Solutions, Inc. is set to announce its financial results for the third quarter of fiscal year 2025 on May 1, 2025, with a conference call scheduled for 8:30 a.m. ET on the same day [1]. Group 1: Financial Results Announcement - The financial results for the third quarter of fiscal year 2025 will be released on May 1, 2025 [1]. - A webcast and conference call will be held to discuss the results, featuring CEO Tim Gokey and CFO Ashima Ghei [1]. Group 2: Accessing the Event - Investors can access the live event and slide presentation on Broadridge's Investor Relations website [2]. - For those wishing to listen to the call, a dedicated phone line is available for U.S. callers and an international line for overseas participants [2]. Group 3: Replay Information - A replay of the webcast will be available on the Investor Relations website [3]. - The recording of the call can be accessed until May 8, 2025, using specific dial-in numbers and a passcode [3]. Group 4: Company Overview - Broadridge Financial Solutions is a global technology leader in the financial services industry, providing transformative technology and expertise [4]. - The company processes over 7 billion communications annually and supports daily trading of more than $10 trillion in securities globally [5]. - Broadridge is recognized as a Great Place to Work® and is part of the S&P 500® Index, employing over 14,000 associates across 21 countries [5].

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Broadridge Financial Solutions (BR) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.Broadridge Financial Solutions is one of 272 individual stocks in the Business Services sector. Collectively, these companies sit at #7 in ...

Core Insights - Broadridge Financial Solutions and Fnality have successfully demonstrated interoperability between Broadridge's Distributed Ledger Repo (DLR) platform and Fnality's Payment System (FnPS), enhancing efficiency, liquidity, and risk reduction in financial markets [1][2][3] - The collaboration enables real-time delivery versus payment (DvP) settlement of intraday repo transactions, utilizing a digital representation of funds held at central banks [1][2] - This initiative is pivotal for the financial sector's growth and global competitiveness, supporting the transition towards real-time settlement [3] Company Overview - Broadridge Financial Solutions is a global fintech leader with over $6 billion in revenues, providing critical infrastructure for investing, corporate governance, and communications [4] - The company supports daily trading of more than $10 trillion in equities, fixed income, and other securities globally, employing over 14,000 associates in 21 countries [4] - Fnality is developing regulated DLT-based wholesale payment systems, with each system supervised by its respective central bank [6][7] Market Impact - The collaboration addresses the industry's demand for faster and more secure settlements, particularly in the U.S. and Europe [2][3] - The launch of Fnality Payment Systems (FnPS) will enable real-time cross-currency payments and secure atomic settlement of delivery versus payment transactions [7] - The Sterling FnPS, recognized as a systemically important payment system, commenced controlled live payments in December 2023, marking a significant milestone in regulated DLT-based wholesale payment systems [8][9]

Broadridge Financial Solutions (BR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power ...