Broadridge Financial Solutions, Inc. (BR) Earnings
Broadridge Financial Solutions, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $3.76. BR has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +10.4% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $2.63 | $2.72 | +3.4% | $2.0B | +2.6% |
| Feb 3, 2026 | $1.34 | $1.59 | +18.7% | $1.7B | -10.5% |
| May 1, 2025 | $2.41 | $2.44 | +1.2% | $1.8B | -2.8% |
| Jan 31, 2025 | $1.32 | $1.56 | +18.2% | $1.6B | +2.1% |
| Feb 1, 2024 | $0.88 | $0.92 | +4.5% | $1.4B | +0.2% |
| Nov 2, 2023 | $0.94 | $1.09 | +16.0% | $1.4B | +3.1% |
| May 2, 2023 | $2.02 | $2.05 | +1.5% | $1.6B | -11.6% |
| Feb 2, 2023 | $0.91 | $0.91 | +0.0% | $1.3B | -3.9% |
| Nov 2, 2022 | $0.87 | $0.84 | -3.4% | $1.3B | +1.7% |
| Aug 12, 2022 | $2.62 | $2.65 | +1.1% | $1.7B | +3.7% |
| May 3, 2022 | $1.78 | $1.93 | +8.4% | $1.5B | -0.2% |
| Feb 1, 2022 | $0.81 | $0.83 | +2.5% | $1.3B | +5.1% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Roger delivered strong third-quarter financial results and is on track to deliver a strong fiscal 2026. Market backdrop is positive with equity markets resilient and capital markets active. • On track to deliver three-year financial targets for the fifth consecutive cycle. • Raising fiscal 26 guidance for recurring revenue and adjusted EPS growth. • Governance recurring revenues rose 8% in constant currency driven by new sales and investor participation. Innovations to power shareholder engagement are building momentum. • Capital markets business had healthy 6% underlying growth offset by lower license revenues, but post-trade solutions and front office solutions have strong demand. Acquired CQG to accelerate expansion into futures and options. • Wealth management recurring revenue rose 8% in constant currency powered by strong growth in Canada. Launched next generation digital asset platform. • Year-to-date closed sales were $147 million, updating sales guidance to $240 to $290 million due to longer closing deals. Pipeline is higher than ever, well north of a billion dollars.
Guidance
• Raising fiscal 26 guidance for recurring revenue growth constant currency to at or above 7% and for adjusted EPS to 10% to 12%. • For ICS, expects another quarter of high single-digit regulatory revenue growth in fourth quarter driven by low double-digit equity revenue positions and continued mid-to-high single-digit fund position growth. • For GTO, continues to expect recurring revenue growth of 5% to 7% in the year, with fourth quarter including a three-point contribution from CQG acquisition offset by a five-point license revenue headwind in wealth management business.
Segment performance
ICS recurring revenues rose 8% to $800 million. Organic growth was 6%. Regulatory revenues grew 9%, driven by 11% growth in equity revenue positions and fund position growth of 6%. Data-driven fund solutions revenue increased 8%, driven by a combination of organic growth and the acquisitions of iJoin and Akilin. Issuer revenues rose 8% driven by growth in disclosure and shareholder engagement solutions. Customer communications revenue growth was 5%, driven by another quarter of double-digit growth in digital revenues. GTO recurring revenue grew 3% to $488 million. Capital markets revenues were $295 million. Excluding a seven-point impact from lower license revenue, capital markets growth was 6%. Digital asset revenues from our role as Canton Network Supervalidator were $3.5 million in the quarter. Wealth and investment management grew 8%, driven by a combination of strong growth in Canada and higher trading volumes in the U.S.
Analyst Q&A
Q: On closed sales guide, asked about lengthening sales cycles and when change noticed.
A: Ideal origination this year up 25% in dollar terms, pipeline 20% higher than last year same time. Pipeline in areas of investment, but larger engagements take longer to close.
Q: On custom policy voting engine opportunity.
A: Custom policy voting engine is exciting, sees strong demand from asset managers, pipeline for next year, expect growth over next three years.
Q: On tokenization views.
A: Leading provider of voting solutions for issuers, already solving complexity with multiple share types. Multiple models for tokenization, see opportunities in wealth management, capital markets, governance.
Q: On margins and investment.
A: Remain on track for full-year AOI margin guidance. Strong results enable acceleration of investments in growth initiatives, with investments baked into forecasts.
Q: On repo front and Canton network.
A: Excited about repo product, roadmap includes moving to Canton Mainnet, real-time capability, geographic and asset class expansion.
Q: On cashflow and buyback.
A: Committed to balanced capital allocation, strong cash flow, ample capacity for M&A and share buyback.
Q: On delays in closed sales and AI.
A: Not seeing AI affecting things, seeing positive trends for next year with pipeline and origination up, benefit from organic product development and M&A.
Q: On contribution of closed sales to recurring revenue and conviction in growth.
A: Conviction from volume trends, backlog, acquisitions, and internal growth. Closed sales impact on recurring revenue expected to be minimal.
Q: On Galaxy announcement and on-chain efforts.
A: Gating factor is how fast can talk to partners, partnering with broad ecosystem, some companies in pipeline, depends on supply from corporates and demand from investors