A Business at a Glance
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BROADRIDGE FINANCIAL SOLUTIONS, INC.
BR
$17.6B
Mkt Cap
$148.92
+3.13%
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) has a current P/E ratio of 16.5, compared to its historical median P/E of 29.0. The stock is currently considered Cheap based on its historical valuation range.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) has a 5-year average return on invested capital (ROIC) of 14.1%. This indicates solid capital allocation.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) has a market capitalization of $17.2B. It is classified as a large-cap stock.
Yes, BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) pays a dividend with a trailing twelve-month yield of 2.52%. The company also returns capital through share buybacks, with a buyback yield of 2.81%.
Based on historical P/E analysis, BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) appears cheap. The current P/E of 16.5 is 43% below its historical median of 29.0. The estimated fair value CAGR (P/E method) is 9.5%.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) operates in the Services-Business Services, Nec industry, within the Industrials sector.
Broadridge Financial Solutions is a global financial technology leader that delivers technology-driven solutions to banks, broker-dealers, asset and wealth managers, public companies, investors, and mutual funds. The company operates through two segments: Investor Communication Solutions (ICS, approximately 74% of revenues) and Global Technology and Operations (GTO, approximately 26% of revenues). ICS provides regulatory solutions for proxy materials distribution and voting, data-driven fund solutions for asset managers and retirement service providers, corporate issuer solutions spanning shareholder meetings and governance, and customer communications solutions. GTO delivers capital markets trade processing, wealth and investment management platforms, and related technology services. Broadridge's business model is primarily recurring revenue-based, with clients paying subscription and transaction fees for access to its platforms and services; the company also generates event-driven revenues from corporate actions and higher trading volumes. The company serves a global customer base including institutional investors, asset managers, public companies, and financial intermediaries, with particular strength in North American markets and growing international presence in EMEA and APAC regions. Broadridge's competitive moat derives from its central role in the beneficial proxy process, where it acts as an intermediary between depositories, broker-dealers, and beneficial owners, combined with its extensive data assets, regulatory expertise, and integrated technology platforms that create switching costs for clients.
【Strong recurring revenue momentum】 Management expects fiscal 2026 to deliver recurring revenue growth at or above 7% on a constant currency basis and adjusted EPS growth of 10%-12%, driven by continued position growth in equities and funds, higher trading volumes, and conversion of the $430 million recurring revenue backlog. The company is investing in innovation initiatives including tokenization capabilities for digital assets, AI-enabled voting solutions, and digital communications platforms, while maintaining adjusted operating income margins of approximately 20%-21%. Management anticipates that regulatory changes related to digital default for proxy communications could impact recurring revenue by a few percentage points in the Customer Communications business, but expects new opportunities to more than offset any lost revenue, resulting in a more valuable company with higher margins over time. The company remains well-positioned to deploy capital toward both strategic tuck-in acquisitions and shareholder returns, with free cash flow conversion expected to exceed 100% in fiscal 2026.
| Metric | Target | Period |
|---|---|---|
| Recurring revenue growth (constant currency) | at or above 7% | FY2026 |
| Adjusted EPS growth | 10%-12% | FY2026 |
| Closed sales | $240 million-$290 million | FY2026 |
Recurring revenue growth (constant currency) (FY2026): “we are raising our fiscal 2026 guidance for recurring revenue and Adjusted EPS growth to at or above 7% for recurring revenue growth constant currency”
Adjusted EPS growth (FY2026): “at 10%-12% for Adjusted EPS”
Closed sales (FY2026): “we're updating our sales guidance for the year to $240 million-$290 million”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2026 Earnings Call, Q3 FY2026 Earnings Call, Q2 FY2026 Earnings Call, Q1 FY2026 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 7.3B | 6.9B | 6.5B | 6.1B | 5.7B | 5.0B |
| Net Income | 1.1B | 840M | 698M | 631M | 539M | 548M |
| EPS | $9.44 | $7.10 | $5.86 | $5.30 | $4.55 | $4.65 |
| Free Cash Flow | 1.3B | 1.1B | 999M | 785M | 415M | 588M |
| ROIC | 17.2% | 17.0% | 16.2% | 13.2% | 10.9% | 13.3% |
| Gross Margin | - | 31.0% | 29.7% | 29.5% | 27.9% | 28.5% |
| Debt/Equity | 1.14 | 1.22 | 1.55 | 1.52 | 1.98 | 2.15 |
| Dividends/Share | $3.75 | $3.52 | $3.20 | $2.90 | $2.56 | $2.30 |
| Operating Income | 1.3B | 1.2B | 1.0B | 936M | 760M | 679M |
| Operating Margin | 17.1% | 17.3% | 15.6% | 15.4% | 13.3% | 13.6% |
| ROE | 39.0% | 34.8% | 31.7% | 30.3% | 28.9% | 34.7% |
| Shares Outstanding | 116M | 118M | 119M | 119M | 118M | 118M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.6B | 2.7B | 2.9B | 4.1B | 4.3B | 4.4B | 4.5B | 5.0B | 5.7B | 6.1B | 6.5B | 6.9B | 7.3B |
| Gross Margin | 31.1% | 32.1% | 31.8% | 24.9% | 26.8% | 28.2% | 27.9% | 28.5% | 27.9% | 29.5% | 29.7% | 31.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 378M | 399M | 421M | 501M | 565M | 578M | 639M | 744M | 832M | 849M | 917M | 948M | 1.0B |
| EBIT | 396M | 439M | 500M | 532M | 598M | 653M | 625M | 679M | 760M | 936M | 1.0B | 1.2B | 1.3B |
| Op. Margin | 15.5% | 16.3% | 17.3% | 12.8% | 13.8% | 15.0% | 13.8% | 13.6% | 13.3% | 15.4% | 15.6% | 17.3% | 17.1% |
| Net Income | 263M | 287M | 308M | 327M | 428M | 482M | 463M | 548M | 539M | 631M | 698M | 840M | 1.1B |
| Net Margin | 10.3% | 10.7% | 10.6% | 7.9% | 9.9% | 11.1% | 10.2% | 11.0% | 9.4% | 10.4% | 10.7% | 12.2% | 15.0% |
| Non-Recurring | 0 | 1.9M | 0 | 1.8M | 0 | 0 | 0 | 0 | 0 | 20M | 45M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 20.4% | 23.6% | 25.0% | 23.4% | 24.5% | 24.6% | 19.1% | 13.3% | 10.9% | 13.2% | 16.2% | 17.0% | 17.2% |
| ROE | 29.6% | 30.4% | 31.2% | 31.9% | 40.8% | 43.4% | 37.4% | 34.7% | 28.9% | 30.3% | 31.7% | 34.8% | 39.0% |
| ROA | 12.5% | 12.6% | 11.7% | 10.9% | 13.3% | 13.4% | 10.5% | 8.4% | 6.6% | 7.7% | 8.5% | 10.0% | 12.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 388M | 431M | 438M | 516M | 694M | 617M | 598M | 640M | 444M | 823M | 1.1B | 1.2B | 1.4B |
| Free Cash Flow | 347M | 381M | 380M | 431M | 617M | 566M | 536M | 588M | 415M | 785M | 999M | 1.1B | 1.3B |
| Owner Earnings | 339M | 356M | 370M | 378M | 598M | 452M | 391M | 399M | 86M | 493M | 706M | 817M | 1.3B |
| CapEx | 40M | 50M | 58M | 85M | 77M | 51M | 63M | 52M | 29M | 38M | 57M | 44M | 51M |
| Maint. CapEx | 14M | 37M | 24M | 92M | 40M | 107M | 146M | 182M | 289M | 258M | 280M | 284M | 2.9M |
| Growth CapEx | 26M | 14M | 34M | 0 | 36M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48M |
| D&A | 14M | 37M | 24M | 92M | 40M | 107M | 146M | 182M | 289M | 258M | 280M | 284M | 2.9M |
| CapEx/OCF | 10.4% | 11.7% | 13.2% | 16.6% | 11.1% | 8.2% | 10.5% | 8.1% | 6.5% | 4.7% | 5.4% | 3.7% | 3.7% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 97M | 122M | 138M | 152M | 166M | 211M | 241M | 262M | 291M | 331M | 368M | 402M | 434M |
| Dividend Yield | 2.7% | 2.5% | 2.4% | 2.1% | 1.7% | 1.8% | 1.9% | 1.7% | 1.6% | 2.0% | 1.7% | 1.5% | 2.5% |
| Share Buybacks | 130M | 302M | 120M | 343M | 277M | 398M | 69M | 22M | 23M | 24M | 485M | 135M | 484M |
| Buyback Yield | 3.1% | 5.8% | 1.8% | 4.3% | 2.3% | 2.9% | 0.5% | 0.1% | 0.1% | 0.1% | 2.1% | 0.5% | 2.8% |
| Stock-Based Comp | 35M | 39M | 43M | 46M | 55M | 58M | 61M | 59M | 68M | 73M | 71M | 70M | 82M |
| Debt Repayment | 400M | 155M | 475M | 415M | 390M | 387M | 1.3B | 2.2B | 766M | 1.4B | 1.1B | 1.3B | 1.3B |
| Balance Sheet | |||||||||||||
| Net Debt | 38M | 365M | 288M | 831M | 789M | 1.2B | 1.3B | 3.6B | 3.6B | 3.2B | 3.0B | 2.7B | 2.9B |
| Cash & Equiv. | 348M | 324M | 728M | 271M | 264M | 273M | 477M | 275M | 225M | 252M | 304M | 562M | 306M |
| Long-Term Debt | 524M | 689M | 891M | 1.1B | 1.1B | 1.5B | 1.4B | 3.9B | 3.8B | 2.2B | 3.4B | 2.8B | 2.7B |
| Debt/Equity | 0.54 | 0.74 | 0.97 | 1.10 | 0.96 | 1.30 | 1.33 | 2.15 | 1.98 | 1.52 | 1.55 | 1.22 | 1.14 |
| Interest Coverage | 16.7 | 17.3 | 17.6 | 11.9 | 14.1 | 14.2 | 10.0 | 11.8 | 8.7 | 6.5 | 6.8 | 8.8 | 8.8 |
| Equity | 962M | 928M | 1.0B | 1.0B | 1.1B | 1.1B | 1.3B | 1.8B | 1.9B | 2.2B | 2.2B | 2.7B | 2.8B |
| Total Assets | 2.2B | 2.4B | 2.9B | 3.1B | 3.3B | 3.9B | 4.9B | 8.1B | 8.2B | 8.2B | 8.2B | 8.5B | 8.8B |
| Total Liabilities | 1.2B | 1.4B | 1.8B | 2.1B | 2.2B | 2.8B | 3.5B | 6.3B | 6.2B | 6.0B | 6.1B | 5.9B | 6.0B |
| Intangibles | 130M | 196M | 210M | 486M | 494M | 556M | 584M | 1.4B | 1.1B | 1.5B | 1.3B | 1.3B | 1.2B |
| Retained Earnings | 974M | 1.1B | 1.3B | 1.5B | 1.7B | 2.1B | 2.3B | 2.6B | 2.8B | 3.1B | 3.4B | 3.9B | 4.3B |
| Working Capital | 396M | 353M | 596M | 245M | 214M | 240M | -13M | -27M | 15M | -1.0B | 119M | -44M | -109M |
| Current Assets | 881M | 861M | 1.3B | 990M | 991M | 1.0B | 1.3B | 1.3B | 1.3B | 1.4B | 1.5B | 1.8B | 1.8B |
| Current Liabilities | 484M | 509M | 693M | 745M | 777M | 803M | 1.3B | 1.3B | 1.3B | 2.4B | 1.4B | 1.9B | 1.9B |
| Per Share Data | |||||||||||||
| EPS | 2.12 | 2.32 | 2.53 | 2.70 | 3.56 | 4.06 | 3.95 | 4.65 | 4.55 | 5.30 | 5.86 | 7.10 | 9.44 |
| Owner EPS | 2.73 | 2.88 | 3.05 | 3.12 | 4.98 | 3.80 | 3.34 | 3.39 | 0.72 | 4.14 | 5.93 | 6.91 | 11.09 |
| Book Value | 7.75 | 7.50 | 8.60 | 8.29 | 9.10 | 9.50 | 11.50 | 15.36 | 16.20 | 18.83 | 18.20 | 22.46 | 24.36 |
| Cash Flow/Share | 3.13 | 3.49 | 3.60 | 4.26 | 5.77 | 5.20 | 5.11 | 5.44 | 3.74 | 6.92 | 8.87 | 9.91 | 9.54 |
| Dividends/Share | 0.84 | 1.08 | 1.20 | 1.32 | 1.46 | 1.94 | 2.16 | 2.30 | 2.56 | 2.90 | 3.20 | 3.52 | 3.75 |
| Shares Out. | 124.1M | 123.8M | 121.5M | 121.0M | 120.2M | 118.7M | 117.1M | 117.7M | 118.5M | 119.0M | 119.1M | 118.2M | 115.7M |
| Valuation | |||||||||||||
| P/E Ratio | 15.7 | 18.2 | 21.2 | 24.4 | 28.3 | 28.2 | 28.8 | 32.1 | 29.2 | 29.3 | 32.8 | 33.5 | 15.8 |
| P/FCF | 11.9 | 13.7 | 17.1 | 18.5 | 19.7 | 24.0 | 24.9 | 29.8 | 38.0 | 23.6 | 22.9 | 24.9 | 13.1 |
| EV/EBIT | N/A | N/A | 12.5 | 16.1 | 21.1 | 22.2 | 23.3 | 30.8 | 25.1 | 24.1 | 25.2 | 25.8 | 16.1 |
| Price/Book | 4.3 | 5.6 | 6.2 | 7.9 | 11.1 | 12.0 | 9.9 | 9.7 | 8.2 | 8.3 | 10.6 | 10.6 | 6.1 |
| Price/Sales | 1.4 | 1.8 | 2.0 | 1.7 | 2.3 | 2.8 | 2.8 | 3.2 | 3.1 | 2.8 | 3.4 | 3.8 | 2.4 |
| FCF Yield | 8.4% | 7.3% | 5.8% | 5.4% | 5.1% | 4.2% | 4.0% | 3.4% | 2.6% | 4.2% | 4.4% | 4.0% | 7.6% |
| Market Cap | 4.1B | 5.2B | 6.5B | 8.0B | 12.1B | 13.6B | 13.3B | 17.6B | 15.8B | 18.5B | 22.9B | 28.1B | 17.2B |
| Avg. Price | 28.58 | 38.87 | 47.51 | 58.53 | 82.00 | 101.16 | 108.50 | 134.38 | 150.61 | 142.04 | 183.96 | 222.36 | 148.92 |
| Year-End Price | 33.19 | 42.21 | 53.56 | 65.93 | 100.85 | 114.34 | 113.74 | 149.07 | 133.04 | 155.38 | 192.40 | 237.51 | 148.92 |
BROADRIDGE FINANCIAL SOLUTIONS, INC. passes 6 of 9 quality checks, suggesting mixed fundamentals.
BROADRIDGE FINANCIAL SOLUTIONS, INC. trades at 16.5x trailing earnings, compared to its 15-year median P/E of 29.0x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 12.6x vs a median of 23.8x. The company's 5-year average ROIC is 14.1% with a gross margin of 29.3%. Total shareholder yield (dividends + buybacks) is 5.3%. At current prices, the estimated annualized return to fair value is +12.7%.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) reported annual revenue of $6.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) has a net profit margin of 12.2%. This is a healthy margin.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) generated $1.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) has a debt-to-equity ratio of 1.22. This indicates moderate leverage.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) reported earnings per share (EPS) of $7.10 in its most recent fiscal year.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) has a return on equity (ROE) of 34.8%. This indicates the company generates strong returns for shareholders.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) has a 5-year average gross margin of 29.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) has a book value per share of $22.46, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects fiscal 2026 to deliver recurring revenue growth at or above 7% on a constant currency basis and adjusted EPS growth of 10%-12%, driven by continued position growth in equities and funds, higher trading volumes, and conversion of the $430 million recurring revenue backlog. The company is investing in innovation initiatives including tokenization capabilities for digital assets, AI-enabled voting solutions, and digital communications platforms, while maintaining adjusted operating income margins of approximately 20%-21%. Management anticipates that regulatory changes related to digital default for proxy communications could impact recurring revenue by a few percentage points in the Customer Communications business, but expects new opportunities to more than offset any lost revenue, resulting in a more valuable company with higher margins over time. The company remains well-positioned to deploy capital toward both strategic tuck-in acquisitions and shareholder returns, with free cash flow conversion expected to exceed 100% in fiscal 2026.
Based on recent SEC filings and earnings calls, BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR) has provided the following forward guidance: Recurring revenue growth (constant currency): at or above 7% (FY2026); Adjusted EPS growth: 10%-12% (FY2026); Closed sales: $240 million-$290 million (FY2026).