Broadridge Financial Solutions, Inc. · NYSE:BR
Broadridge Financial Solutions — Q3 2025 Earnings Presentation
31 slides from Broadridge Financial Solutions's earnings presentation, May 1, 2025
Slide 1: Powering and transforming financial markets
Powering and transforming financial markets Earnings Conference Call Fiscal Third Quarter 2025 May 1, 2025
Slide 2: Forward-Looking Statements
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
Slide 3: Use of Non-GAAP financial measures, KPIs and foreign exchange rates
Use of Non-GAAP financial measures, KPIs and foreign exchange rates Use of Non-GAAP Financial Measures This presentation includes certain Non-GAAP financial measures including Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share (“EPS”), Fre
Slide 4: Key messages
Key messages Broadridge delivered strong third quarter results, including 8% Recurring revenue growth constant 1 currency and 9% Adjusted EPS growth Execution being driven by the resilience of our business, powerful long-term trends and our 2 strategy to digitize and democratize governance, simplify
Slide 5: Broadridge is executing across Governance, Capital Markets, and Wealth & Investment Management
Broadridge is executing across Governance, Capital Markets, and Wealth & Investment Management Governance Q3’25 Highlights • Equity position growth of 15% underscores broad growth across account sizes $740M • Continued demand for new data and digitization capabilities +6% YoY is driving growth acros
Slide 6: Broadridge remains well-positioned for long-term growth
Broadridge remains well-positioned for long-term growth Broadridge is executing on its strategy to drive the digitization and democratization of investing, 1 deliver innovation in capital markets, and extend our wealth management franchise After a strong third quarter, Broadridge is well-positioned
Slide 7: Summary financial results
Summary financial results THIRD QUARTER $ in millions, except per share data 2025 2024 Inc./(Dec.) Recurring revenues $1,204 $1,126 7% Constant currency growth (Non-GAAP) 8% Total revenues 1,812 1,726 5% Operating income 345 303 14% Adjusted Operating income (Non-GAAP) 405 370 10% Adjusted Operating
Slide 8: Third quarter 2025 Recurring revenues
Third quarter 2025 Recurring revenues $ in millions; growth in constant currency Q3 RECURRING REVENUES FISCAL YEAR RECURRING REVENUE GROWTH Acquisitions Organic growth +8% 16% $1,204 7% 10% 10% 9% 2% 6% 6-8% 6% 9% 9% 8% 6% 4% Q3'24 Q3'25 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 Guidance Information about
Slide 9: Third quarter 2025 segment Recurring revenues
Third quarter 2025 segment Recurring revenues $ in millions; growth in constant currency ICS RECURRING REVENUES GTO RECURRING REVENUES +6% +11% $740 $464 Regulatory $365 6% Capital $289 10% Markets Data-Driven $115 8% Fund Solutions Issuer $60 2% Wealth & Investment $175 13% Customer $199 Management
Slide 10: Key volume drivers: position and trade growth
Key volume drivers: position and trade growth EQUITY & MUTUAL FUND/ETF POSITION GROWTH FY’23 FY’24 10Y Avg. 1,2 9% 6% 10% 2 8% 3% 7% 15% ITG 3 4% 13% 7% 11% 7% 6% 5% 5% 6% 6% 3% (1%) Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 INTERNAL TRADE 11% 15% 10% 13% 14% GROWTH 1. Q3’24 equity position growth represented 3
Slide 11: Third quarter 2025 Recurring revenue growth drivers
Third quarter 2025 Recurring revenue growth drivers $ in millions. Pts contribution to growth RECURRING REVENUE GROWTH CONSTANT CURRENCY WAS 8% Organic Growth: 6 pts 2 pts 8% 7% 5 pts 2 pts (1) pt (2) pts $1,204 $1,126 Q3'24 Recurring Closed Sales Client Losses Internal Growth Acquisitions Q3'25 Rec
Slide 12: Third quarter 2025 Total revenue growth drivers
Third quarter 2025 Total revenue growth drivers $ in millions. Pts contribution to growth THIRD QUARTER 2025 TOTAL REVENUE GROWTH DRIVERS 5 pts 1 pt 5% (1) pt (1) pt $1,726 $1,812 Q3'24 Total Revenues Recurring Event-Driven Distribution FX Q3'25 Total Revenues QUARTERLY EVENT-DRIVEN REVENUES $125 $7
Slide 13: Operating income margin and Adjusted Operating income margin
Operating income margin and Adjusted Operating income margin Q3’25 OPERATING INCOME FISCAL YEAR OPERATING INCOME OPERATING 17.5% 19.0% 13.8% 13.6% 13.3% 15.4% 15.6% INCOME MARGIN 22.4% 21.4% 20.0% ~20.0% 19.8% +20 +110 bps bps ADJUSTED 18.7% OPERATING +60 INCOME MARGIN 18.1% bps (NON- +60 GAAP) 17.5
Slide 14: Closed sales
Closed sales $ in millions CLOSED SALES $342 $185 $174 $280 $240 – $300 $246 $231 $224 YTD'24 YTD'25 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 Guidance 13
Slide 15: Free cash flow
Free cash flow $ in millions YTD’25 FREE CASH FLOW 1 FISCAL YEAR FREE CASH FLOW CONVERSION 2 102% 95% – $393 90% 105% 85% 84% $259 48% YTD'24 YTD'25 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 (E) 1. Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 2
Slide 16: Capital allocation
Capital allocation $ in millions, except per share data SELECT USES OF CASH YTD’25 TOTAL CAPITAL RETURNS3 FY’25 YTD Dividends Paid $781 CapEx and Software1 $78 Client Platform $312 $9 $269 $248 $253 Investments 2 $299 M&A $193 FY'20 FY'21 FY'22 FY'23 FY'24 FY'25 (E) 6 DIVIDENDS $2.16 $2.30 $2.56 $2.
Slide 17: Fiscal Year 2025 guidance
Fiscal Year 2025 guidance FY’25 GUIDANCE UPDATES Recurring revenue growth constant currency 6 – 8% No Change (Non-GAAP) Adjusted Operating income margin ~20% No Change (Non-GAAP) Adjusted earnings per share growth 8 – 12% Middle of Range (Non-GAAP) Closed sales $240 – $300M Previously $290 – $330M 1
Slide 18: Appendix
Appendix Broadridge:
Slide 19: Supplemental reporting detail - product line reporting
Supplemental reporting detail ‒ product line reporting (Unaudited) 2023 2024 2025 Q3% Dollars in millions FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 YoY Growth Investor Communication Solutions ("ICS") Regulatory $1,141 $179 $195 $345 $477 $1,196 $190 $210 $365 6% Data-driven fund solutions 404 102 105 106 122 435 1
Slide 20: FY'24 - FY'26 long-term growth objectives
FY’24 – FY’26 long-term growth objectives FY’24 – FY’26 (CAGR) Organic Recurring revenue growth 5-8% Recurring revenue growth constant currency 7-9% (Non-GAAP) Adjusted Operating income margin expansion (bps/year) 50+ (Non-GAAP) Adjusted earnings per share growth 8-12% (Non-GAAP) Note: AOI margin ex
Slide 21: Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non-GAAP Measures
Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non- GAAP Measures
Slide 22: Non-GAAP Measures
Non-GAAP Measures Explanation and Reconciliation of the Company’s Use of Non-GAAP Financial Measures The Company’s results in this presentation are presented in accordance with U.S. generally accepted accounting principles ("GAAP") except where otherwise noted. In certain circumstances, results have
Slide 23: Non-GAAP Measures
Non-GAAP Measures We exclude Acquisition and Integration Costs, Restructuring and Other Related Costs, Litigation Settlement Charges, Russia-Related Exit Costs, Real Estate Realignment and Covid-19 Related Expenses, Investment Gains, the Software Charge, Gain on Acquisition-Related Financial Instrum
Slide 24: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Three Months Ended March 31, 2025 Data-Driven Fund Investor Communication Solutions Regulatory Issuer Customer Comms. Total Solutions Recurring revenue growth (GAAP) 6% 8% 2% 5% 6% Impact of foreign currency exchange 0% 0% 0% 0% 0% Recurring re
Slide 25: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Nine Months Ended March 31, 2025 Data-Driven Fund Investor Communication Solutions Regulatory Issuer Customer Comms. Total Solutions Recurring revenue growth (GAAP) 6% 8% 7% 6% 7% Impact of foreign currency exchange 0% 0% 0% 0% 0% Recurring rev
Slide 26: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Fiscal Year Ended June 30, 2024 Consolidated Total Recurring revenue growth (GAAP) 6% Impact of foreign currency exchange 0% Recurring revenue growth constant currency (Non-GAAP) 6% Fiscal Year Ended June 30, 2023 Consolidated Total Recurring r
Slide 27: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Three Months Ended Mar. 31, Nine Months Ended Mar. 31, Fiscal Year Ended June 30, Dollars in millions 2025 2024 2025 2024 2024 2023 2022 2021 2020 Operating income (GAAP) $344.9 $302.9 $689.9 $575.7 $1,017.1 $936.4 $759.9 $678.7 $624.9 Adjustme
Slide 28: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Nine Months Ended March 31, Fiscal Year Ended June 30, Dollars in millions 2025 2024 2024 2023 2022 2021 2020 Net cash flows from operating activities (GAAP) $ 471.6 $ 335.2 $1,056.2 $823.3 $443.5 $640.1 $598.2 Capital expenditures and Software
Slide 29: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures (Unaudited) Three Months Ended March 31, Nine Months Ended March 31, Dollars in millions, except per share amounts 2025 2024 2025 2024 Diluted earnings per share (GAAP) $2.05 $1.79 $3.93 $3.14 Adjustments: Amortization of Acquired Intangibles and Purchased
Slide 30: Reconciliation of GAAP to Non-GAAP Measures: Fiscal Year 2025 guidance
Reconciliation of GAAP to Non-GAAP Measures: Fiscal Year 2025 guidance (Unaudited) Fiscal Year 2025 FY25 Recurring revenue growth Impact of foreign currency exchange (a) 0% - 0.5% Recurring revenue growth constant currency (Non-GAAP) 6 - 8% FY25 Adjusted Operating income margin (b) Operating income
Slide 31: Broadridge Fiscal Third Quarter 2025 Earnings Conference Call
Broadridge Fiscal Third Quarter 2025 Earnings Conference Call Contacts Replay Options W. Edings Thibault Online replay available at broadridge-ir.com Sean Silva Telephone replay available through May 8, 2025 broadridgeir@broadridge.com Domestic Dial-In: 1-877-344-7529 Live Call Information Date: May
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