Financial Performance - Revenues for the three months ended December 31, 2025, increased to $1,713.9 million, up 7.8% from $1,589.2 million in the same period of 2024[13] - Net earnings for the six months ended December 31, 2025, reached $450.0 million, a significant increase of 102.5% compared to $222.2 million in the prior year[13] - Basic earnings per share for the three months ended December 31, 2025, was $2.44, representing a 100% increase from $1.22 in the same quarter of 2024[13] - Comprehensive income for the six months ended December 31, 2025, was reported at $523.9 million, compared to $328.1 million for the previous period, indicating a year-over-year increase of approximately 59.7%[27] - The company reported diluted earnings per share of $0.20 for the three months ended December 31, 2025, compared to $0.17 for the same period in 2024[69] - Net earnings for the three months ended December 31, 2025, were $284.6 million, an increase of $142.1 million, or 100%, compared to $142.4 million in 2024[191] - Operating income for the three months ended December 31, 2025, was $206.0 million, a decrease of $4.6 million, or 2%, from $210.7 million in 2024[191] - Operating income for the six months ended December 31, 2025, was $394.8 million, reflecting a 14% increase from $345.1 million in 2024[199] Revenue Breakdown - The Investor Communication Solutions segment generated total revenues of $1,233.3 million for the three months ended December 31, 2025, compared to $1,149.2 million in the same period of 2024, marking a 7.3% increase[66] - Revenues for the three months ended December 31, 2025, were $1,713.9 million, with Investor Communication Solutions contributing $1,233.3 million and Global Technology and Operations contributing $480.6 million[146] - For the six months ended December 31, 2025, total revenues reached $3,303.3 million, with Investor Communication Solutions at $2,363.2 million and Global Technology and Operations at $940.1 million[146] - Recurring revenues for the six months ended December 31, 2025, reached $2,047.6 million, up from $1,880 million in the prior year, reflecting a growth of 8.9%[66] - Distribution revenues increased by $107.3 million, or 11%, driven by a postage rate increase and higher event-driven mailings[205] Expenses and Costs - Total operating expenses for the three months ended December 31, 2025, were $1,507.9 million, an increase of 9.4% from $1,378.5 million in the prior year[13] - Cost of revenues increased by $186.3 million, or 8%, to $2,407.1 million, primarily due to higher expenses in the ICS segment[199] - Selling, general and administrative expenses rose by $55.3 million, or 12%, primarily due to higher technology investments and compensation-related expenses[199] - Interest expense decreased by $17.0 million, or 26%, to $48.0 million, attributed to lower average borrowings and borrowing costs[202] Cash Flow and Assets - Cash flows from operating activities for the six months ended December 31, 2025, amounted to $367.1 million, compared to $111.2 million in the same period of 2024[24] - Total assets as of December 31, 2025, were $8,639.5 million, an increase from $8,545.0 million as of June 30, 2025[20] - Cash and cash equivalents at the end of the period were $370.7 million, down from $561.5 million at the beginning of the period[24] - Total liabilities as of December 31, 2025, were $33.2 million, including $10.7 million in derivative liabilities and $22.5 million in contingent consideration obligations[81] Equity and Stockholder Information - As of December 31, 2025, total stockholders' equity increased to $2,879.2 million, up from $2,635.1 million on September 30, 2025, reflecting a growth of approximately 9.3%[27] - The company reported a retained earnings balance of $4,103.3 million as of December 31, 2025, an increase from $3,932.5 million on September 30, 2025[27] - Common stock dividends declared were $0.975 per share for the period ending December 31, 2025, totaling $113.8 million[27] Acquisitions and Investments - The company acquired LDI-MAP, LLC for a total purchase price of $43.9 million, which includes $31.9 million in cash and contingent consideration of $8.5 million[74] - The acquisition of Signal Agency Limited was completed for a total price of $26.6 million, net of cash acquired[75] - The company completed the acquisition of Acolin Group Holdco Limited for approximately $70.1 million on January 5, 2026, enhancing its cross-border fund distribution capabilities[148] - In September 2025, the company acquired LDI-MAP, LLC for $70.5 million, expanding its retirement plan technology offerings[153] Accounting and Compliance - The company adopted a new accounting standard (ASU 2023-08), which may impact future financial reporting and disclosures[27] - The Company’s financial statements are prepared in accordance with GAAP and include all normal and recurring adjustments necessary for fair presentation[45] - The company is currently assessing the impact of several recently issued accounting pronouncements on its Consolidated Financial Statements[51][52][53][54][55][56] Market and Operational Insights - The company operates in two segments: Investor Communication Solutions and Global Technology and Operations, focusing on delivering technology-driven solutions to financial markets[37] - Broadridge's technology solutions support over 90 markets globally, enhancing trade processing and compliance for capital markets firms[42] - The company emphasizes the importance of acquisitions to meet strategic needs and enhance operational efficiency[152] - The company’s Global Technology and Operations segment offers SaaS solutions that automate the front-to-back transaction lifecycle across various asset classes[160]

Broadridge Financial Solutions (NYSE:BR) Q2 2026 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsAshima Ghei - CFOEdings Thibault - Head of Investor RelationsKyle Peterson - Managing DirectorMichael Infante - VP of Equity ResearchPatrick O'Shaughnessy - Managing DirectorTim Gokey - CEOConference Call ParticipantsAlex Kramm - Equity Research AnalystMatthew Roswell - Research AnalystOperatorGood morning and welcome to the Broadridge Fiscal Second Quarter 2026 Earnings Conference Call. All part ...

Broadridge Financial Solutions (NYSE:BR) Q2 2026 Earnings call February 03, 2026 08:30 AM ET Company ParticipantsAlex Kram - Investment AdvisorAshima Ghei - CFOEdings Thibault - Head of Investor RelationsKyle Peterson - Managing DirectorMichael Infante - VP of Equity ResearchPatrick O'Shaughnessy - Managing DirectorTim Gokey - CEOConference Call ParticipantsMatthew Roswell - Research AnalystOperatorG ood morning and welcome to the Broadridge Fiscal Second Quarter 2026 Earnings Conference call. All participa ...

Broadridge Financial Solutions (NYSE:BR) Q2 2026 Earnings call February 03, 2026 08:30 AM ET Speaker2Good morning and welcome to the Broadridge Fiscal Second Quarter 2026 Earnings Conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on a touch-tone phone. To withdraw your que ...

Broadridge Financial Solutions (BR) came out with quarterly earnings of $1.59 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +19.10%. A quarter ago, it was expected that this technology outsourcing company would post earnings of $1.19 per share when it actually produced earnings of $1.51, delivering a surprise of +26.89%.Ove ...

Core Insights - Broadridge Financial, a fintech firm, raised its full-year earnings forecast and reported a higher second-quarter profit, driven by strong performance in its investor communications business [1] Financial Performance - The company experienced an increase in second-quarter profit, which contributed to the upward revision of its full-year earnings forecast [1]

Powering and transforming financial markets Earnings Conference Call Fiscal Second Quarter 2026 February 3, 2026 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 w ...

Revenue Growth - Recurring revenues increased by 9% to $1,070 million in Q2 FY'26, with constant currency growth at 8%[2] - Total revenues rose 8% to $1,714 million, while operating income decreased by 2% to $206 million[2] - Distribution revenues increased by 14% to $553 million, driven by higher communication volumes and a postage rate increase[8] - Wealth and Investment Management revenue rose 17%, driven by 11 percentage points from the SIS acquisition and 6 percentage points of organic growth[23] - Total revenues for the six months ended December 31, 2025, reached $3,303.3 million, an increase of 10% from $3,012.1 million in 2024[47] - Recurring revenues for the total company increased by 9% to $2,047.6 million for the six months ended December 31, 2025, compared to $1,880.5 million in 2024[51] - The company experienced a 14% increase in distribution revenues for the three months ended December 31, 2025, reaching $553.2 million compared to $484.5 million in 2024[51] Earnings Performance - Diluted EPS surged 102% to $2.42, and Adjusted EPS increased by 2% to $1.59[2] - Net earnings doubled to $285 million, while Adjusted Net earnings rose by 1% to $187 million[8] - Earnings before income taxes increased by $194.2 million, or 110.0%, to $370.2 million compared to $176.0 million in the prior year[40] - Net earnings for the six months ended December 31, 2025, were $450.0 million, up 102.5% from $222.2 million in the same period of 2024[40] - Basic earnings per share for the three months ended December 31, 2025, were $2.44, compared to $1.22 for the same period in 2024, reflecting a 100.0% increase[40] - Net earnings (GAAP) for the six months ended December 31, 2025, were $450.0 million, significantly higher than $222.2 million for the same period in 2024, marking an increase of 102.5%[57] - Adjusted net earnings (Non-GAAP) rose to $364.7 million for the six months ended December 31, 2025, compared to $302.7 million in 2024, an increase of 20.5%[57] Guidance and Projections - The company raised its FY'26 Adjusted EPS growth guidance to 9-12%[4] - Closed sales for FY'26 are projected to be between $290 million and $330 million[4] - The company expects FY26 adjusted operating income margin (Non-GAAP) to be between 20% and 21%[64] - The guidance for FY26 diluted earnings per share (GAAP) growth is projected to be between 32% and 36%[64] - Forward-looking statements indicate expectations for fiscal year 2026 financial guidance and three-year objectives, subject to risks and uncertainties[31] Operating Expenses and Cash Flow - Operating expenses increased by 12% to $1,096 million, driven by higher distribution and technology-related costs[12] - The company reported a net cash flow from operating activities of $367.1 million for the six months ended December 31, 2025, compared to $111.2 million in 2024[45] - Free cash flow (Non-GAAP) for the six months ended December 31, 2025, was $318.5 million, a substantial increase from $56.3 million in the same period of 2024[59] - Free cash flow is defined as net cash flows from operating activities less capital expenditures and software purchases, providing liquidity for dividends and strategic acquisitions[28] Acquisitions and Strategic Moves - The company completed the acquisition of Acolin Group for approximately $70 million, enhancing its cross-border fund distribution capabilities[18] - The total estimated pre-tax costs related to the closure of a production facility are approximately $20 million, expected to be completed in Q3 of fiscal year 2026[57] Segment Performance - Investor Communication Solutions segment revenues increased by 9% to $2,363.2 million for the six months ended December 31, 2025, compared to $2,164.8 million in 2024[51] - Global Technology and Operations segment revenues also grew by 11% to $940.1 million for the six months ended December 31, 2025, up from $847.2 million in 2024[51] Currency Impact - The impact of foreign currency exchange on recurring revenue growth is expected to be approximately -1% for FY26[64] - The effect of exchange rate changes on cash and cash equivalents resulted in a positive adjustment of $2.9 million for the six months ended December 31, 2025[45]

Core Insights - Broadridge Financial Solutions reported strong second quarter results for fiscal year 2026, with recurring revenues growing by 9% and adjusted EPS increasing by 2% to $1.59, leading to an increase in the adjusted EPS growth outlook to 9-12% for the fiscal year [1][2][5] Financial Performance - Recurring revenues reached $1,070 million, up from $980 million, reflecting a 9% increase year-over-year [1][2] - Total revenues increased by 8% to $1,714 million compared to $1,589 million in the same quarter last year [1][2] - Operating income was $206 million, a slight decrease of 2% from $211 million, with an operating income margin of 12.0% [1][2] - Adjusted operating income rose by 1% to $265 million, with an adjusted operating income margin of 15.5% [1][2] Earnings Metrics - Diluted EPS increased by 102% to $2.42, compared to $1.20 in the prior year [1][2] - Adjusted EPS rose by 2% to $1.59 from $1.56 [1][2] - Net earnings doubled to $285 million, while adjusted net earnings increased by 1% to $187 million [1][2] Segment Performance - Investor Communication Solutions (ICS) total revenues increased by 7% to $1,233 million, driven by growth in digital revenues and the acquisition of Signal Agency Limited [1][2] - Global Technology and Operations (GTO) revenues rose by 9% to $480 million, with wealth and investment management growing by 12% [1][2] Guidance and Outlook - The company reaffirmed its fiscal year 2026 guidance for recurring revenue growth at the higher end of 5-7% and closed sales expected between $290 million and $330 million [1][2] - Adjusted operating income margin guidance remains at 20-21% [1][2] Recent Developments - On January 5, 2026, Broadridge completed the acquisition of Acolin Group Holdco Limited for approximately $70 million, enhancing its capabilities in cross-border fund distribution and regulatory services [2][5]

We came across a bullish thesis on Broadridge Financial Solutions, Inc. on Value investing subreddit by Key_Variety_6287. In this article, we will summarize the bulls’ thesis on BR. Broadridge Financial Solutions, Inc.'s share was trading at $195.96 as of January 29th. BR’s trailing and forward P/E were 25.06 and 20.83 respectively according to Yahoo Finance. First Horizon (FHN) Soars to All-Time High, Then Gives up All Gains Copyright: kritchanut / 123RF Stock Photo Broadridge Financial Solutions, Inc. ...