Broadridge Financial Solutions, Inc. · NYSE:BR
Broadridge Financial Solutions — Q4 2025 Earnings Presentation
35 slides from Broadridge Financial Solutions's earnings presentation, Aug 5, 2025
Slide 1: Powering and transforming financial markets
Powering and transforming financial markets Earnings Conference Call Fiscal Fourth Quarter and Full-Year 2025 August 5, 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”), Adj
Slide 4: Key messages
Key messages Broadridge’s fourth quarter drove strong FY’25 results including 7% Recurring revenue growth 1 constant currency, 11% Adjusted EPS growth, and Closed sales of $288 million Broadridge is executing on its growth strategy across Governance, Capital Markets, and Wealth & 2 Investment Manage
Slide 5: We are driving democratization and digitization in Governance…
We are driving democratization and digitization in Governance… 6% 8% $2.7B HIGHLIGHTS Democratization of investing is driving Y-O-Y Avg. Annual FY’25 RECURRING 1 GROWTH Growth REVENUE investor participation and powering strong position growth across both equities and funds $2.7B 2 We are driving inv
Slide 6: …simplifying and innovating in Capital Markets…
…simplifying and innovating in Capital Markets… 6% 14% $1.1B HIGHLIGHTS Strong post-trade sales highlight demand for Y-O-Y Avg. Annual FY’25 RECURRING 1 GROWTH Growth REVENUE global simplification and scalability 2 Continued growth in front office network $1.1B solutions highlighted by strong demand
Slide 7: …and modernizing Wealth Management
…and modernizing Wealth Management 12% 7% $661M HIGHLIGHTS Broadridge’s wealth platform continues to Y-O-Y Avg. Annual FY’25 RECURRING 1 GROWTH Growth REVENUE gain momentum in the marketplace 2 Successfully bringing technology from US $661M wealth platform into Canadian market, leading to sales and
Slide 8: Broadridge remains well-positioned for long-term growth
Broadridge remains well-positioned for long-term growth Broadridge continues to execute its strategy of democratizing and digitizing governance, 1 accelerating and innovating capital markets, and modernizing wealth management We are transforming Broadridge into a platform company to drive more value
Slide 9: Summary financial results
Summary financial results $ in millions, except per share data Q4’25 Inc./(Dec.) FY’25 Inc./(Dec.) Recurring revenues $1,424 7% $4,508 7% Constant currency growth (Non-GAAP) 8 7% 7 7% Total revenues 2,065 6% 6,889 6% Operating income 499 13% 1,189 17% Adjusted Operating income (Non-GAAP) 558 (0%) 1,
Slide 10: ICS fourth quarter and fiscal year 2025 segment Recurring revenues
ICS fourth quarter and fiscal year 2025 segment Recurring revenues $ in millions; growth in constant currency ICS Q4 RECURRING REVENUES ICS FISCAL YEAR RECURRING REVENUES +5% +6% $959 $2,732 Regulatory $1,281 7% Regulatory $515 8% Data-Driven $459 5% Data-Driven $122 (0%) Fund Solutions Fund Solutio
Slide 11: GTO fourth quarter and fiscal year 2025 segment Recurring revenues
GTO fourth quarter and fiscal year 2025 segment Recurring revenues $ in millions; growth in constant currency GTO Q4 RECURRING REVENUES GTO FISCAL YEAR RECURRING REVENUES +12% +8% $1,776 $465 $1,115 6% $285 4% Capital Capital Markets Markets Wealth & Wealth & Investment Investment Management $179 26
Slide 12: Key volume drivers: position and trade growth
Key volume drivers: position and trade growth EQUITY & MUTUAL FUND/ETF POSITION GROWTH FY’24 FY’25 10Y Avg. 18% Equity 1,3 6% 16% 11% Equity Revenue 2,3 N/A 12% N/A 15% MF / ETF 3 3% 7% 7% 14% Internal Trade 13% 13% 8% Growth 4 11% 11% 7% 7% 6% 6% 6% 5% 3% Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 INTERNAL TRAD
Slide 13: Fourth quarter 2025 Recurring revenue growth drivers
Fourth quarter 2025 Recurring revenue growth drivers $ in millions. Pts contribution to growth RECURRING REVENUE GROWTH CONSTANT CURRENCY WAS 7% Organic Growth: 6 pts 2 pts 7% 7% 5 pts 2 pts (0) pts (2) pts $1,424 $1,326 Q4'24 Recurring Closed Sales Client Losses Internal Growth Acquisitions Q4'25 R
Slide 14: Fourth quarter 2025 Total revenue growth drivers
Fourth quarter 2025 Total revenue growth drivers $ in millions. Pts contribution to growth FOURTH QUARTER 2025 TOTAL REVENUE GROWTH DRIVERS 5 pts 0 pts 1 pt 6% (0) pts $1,944 $2,065 Q4'24 Total Revenues Recurring Event-Driven Distribution FX Q4'25 Total Revenues QUARTERLY EVENT-DRIVEN REVENUES $125
Slide 15: Operating income margin and Adjusted Operating income margin
Operating income margin and Adjusted Operating income margin Q4’25 OPERATING INCOME MARGIN FISCAL YEAR OPERATING INCOME MARGIN OPERATING 22.7% 24.1% 13.6% 13.3% 15.4% 15.6% 17.3% INCOME MARGIN 28.8% 27.0% 20.5% 20.0% +50 19.8% bps +20 ADJUSTED +110 bps OPERATING bps INCOME 18.7% MARGIN +60 (NON- 18.
Slide 16: Closed sales
Closed sales $ in millions CLOSED SALES RECURRING REVENUE BACKLOG 1 $342 $450 $430 $288 $280 $246 $231 FY'21 FY'22 FY'23 FY'24 FY'25 FY'24 FY'25 % OF 11% 10% RECURRING REVENUE 1. Recurring Revenue Backlog represents an estimate of first year revenues from Closed sales that have not yet been recogniz
Slide 17: Free cash flow conversion
Free cash flow conversion FREE CASH FLOW CONVERSION 1,2 102% 104% 90% 84% 48% FY'21 FY'22 FY'23 FY'24 FY'25 1. Free cash flow conversion equals annual Free cash flow divided by Adjusted Net earnings 2. Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found o
Slide 18: Capital allocation
Capital allocation $ in millions, except per share data SELECT USES OF CASH FISCAL YEAR 2025 TOTAL CAPITAL RETURNS 3 YTD Net Share Repurchases $781 YTD Dividends Paid CapEx $115 and Software 1 $475 $73 Client Onboarding $312 Spend 2 $12 $253 $402 M&A $193 FY'22 FY'23 FY'24 FY'25 FY'26 (E) 6 DIVIDEND
Slide 19: Fiscal year 2026 guidance
Fiscal year 2026 guidance FY’26 GUIDANCE Recurring revenue growth constant currency (Non-GAAP) 5 – 7% Adjusted Operating income margin (Non-GAAP) 20 – 21% Adjusted earnings per share growth (Non-GAAP) 8 – 12% Closed sales $290 – $330M 18
Slide 20: Appendix
Appendix Broadridge:
Slide 21: Supplemental reporting detail ‒ product line reporting
Supplemental reporting detail ‒ product line reporting (Unaudited) 2023 2024 2025 YoY % Dollars in millions FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Growth Investor Communication Solutions ("ICS") Regulatory Solutions $1,141 $179 $195 $345 $477 $1,196 $190 $210 $365 $ 515 $1,281 7% Data-Driven Fund Solution
Slide 22: Fiscal year 2025 Recurring revenue growth drivers
Fiscal year 2025 Recurring revenue growth drivers $ in millions. Pts contribution to growth RECURRING REVENUE GROWTH CONSTANT CURRENCY WAS 7% Organic Growth: 5 pts 2 pts 7% 7% 2 pts (0) pts 6 pts (3) pts $4,508 $4,223 FY'24 Recurring Closed Sales Client Losses Internal Growth Acquisitions FY'25 Rec.
Slide 23: Fiscal year 2025 Total revenue growth drivers
Fiscal year 2025 Total revenue growth drivers $ in millions. Pts contribution to growth FISCAL YEAR 2025 TOTAL REVENUE GROWTH DRIVERS 5 pts 1 pt 1 pt 6% (0) pts $6,507 $6,889 FY'24 Total Revenues Recurring Event-Driven Distribution FX FY'25 Total Revenues FISCAL YEAR 2025 EVENT-DRIVEN REVENUES $319
Slide 24: 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 25: 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 26: 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 27: 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, and the Gain on Acquisition-Related Financial
Slide 28: Reconciliation of GAAP to Non-GAAP measures
Reconciliation of GAAP to Non-GAAP measures (Unaudited) Three Months Ended June 30, 2025 Data-Driven Fund Investor Communication Solutions Regulatory Issuer Customer Comms. Total Solutions Recurring revenue growth (GAAP) 8% 0% 3% 3% 5% Impact of foreign currency exchange 0% 0% 0% 0% 0% Recurring rev
Slide 29: Reconciliation of GAAP to Non-GAAP measures
Reconciliation of GAAP to Non-GAAP measures (Unaudited) Fiscal Year Ended June 30, 2025 Data-Driven Fund Investor Communication Solutions Regulatory Issuer Customer Comms. Total Solutions Recurring revenue growth (GAAP) 7% 6% 5% 5% 6% Impact of foreign currency exchange 0% 0% 0% 0% 0% Recurring reve
Slide 30: Reconciliation of GAAP to Non-GAAP measures
Reconciliation of GAAP to Non-GAAP measures (Unaudited) 3 Months Ended June 30, Fiscal Year Ended June 30, Dollars in millions 2025 2024 2025 2024 2023 2022 2021 Operating income (GAAP) $498.6 $441.4 $1,188.6 $1,017.1 $936.4 $759.9 $678.7 Adjustments: Amortization of Acquired Intangibles and Purchas
Slide 31: Reconciliation of GAAP to Non-GAAP measures
Reconciliation of GAAP to Non-GAAP measures (Unaudited) Fiscal Year Ended June 30, Dollars in millions 2025 2024 2023 2022 2021 Net cash flows from operating activities (GAAP) $1,171.3 $1,056.2 $823.3 $443.5 $640.1 Capital expenditures and Software purchases and capitalized internal use software (11
Slide 32: Reconciliation of GAAP to Non-GAAP measures
Reconciliation of GAAP to Non-GAAP measures (Unaudited) 3 Months Ended June 30, Fiscal Year Ended June 30, Dollars in millions, except per share amounts 2025 2024 2025 2024 2023 2022 2021 Diluted earnings per share (GAAP) $3.16 $2.72 $7.10 $5.86 $5.30 $4.55 $4.65 Adjustments: Amortization of Acquire
Slide 33: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP measures (Unaudited) Fiscal Year Ended June 30, Dollars in millions 2025 2024 Net Earnings $839.5 $698.1 Provision for income taxes 219.2 179.3 Interest expense, net 122.7 138.1 Other non-operating expenses 7.1 1.7 Operating income $1,188.6 $1,017.1 Non-GAAP Adjust
Slide 34: Reconciliation of GAAP to Non-GAAP Measures: Fiscal Year 2026 guidance
Reconciliation of GAAP to Non-GAAP Measures: Fiscal Year 2026 guidance (Unaudited) Fiscal Year 2026 FY26 Recurring revenue growth Impact of foreign currency exchange (a) (0.5%) - 0% Recurring revenue growth constant currency (Non-GAAP) 5 - 7% FY26 Adjusted Operating income margin (b) Operating incom
Slide 35: Broadridge Fiscal Fourth Quarter 2025 Earnings Conference Call
Broadridge Fiscal Fourth Quarter 2025 Earnings Conference Call Contacts Replay Options W. Edings Thibault Online replay available at broadridge-ir.com Sean Silva Telephone replay available through August 12, 2025 broadridgeir@broadridge.com Domestic Dial-In: 1-877-344-7529 Live Call Information Date
Broadridge Financial Solutions — Q4 2025 Earnings Presentation on 6ix