SS&C Technologies Holdings, Inc. Q1 FY2026 earnings call

• Bill mentioned first quarter had macro headwinds but strong results, raised 2026 guidance. Celebrated 40-year anniversary. Business built on deep domain expertise, client relationships, innovation. Renamed largest revenue line to technology enabled services, which includes proprietary data streams, software, cloud, etc. - Rahul said GIDS and Globop had new logo wins and upsell/cross-sell. AI capabilities accelerating service delivery, customer zero strategy working. - Brian walked through financials: adjusted revenue $1.648 billion, up 8.8%; adjusted diluted EPS $1.69, up 14.2%. Adjusted consolidated EBITDA $651 million, up 10%, margin 39.5%. Cash from operating activities $300 million, up 10%. Returned $233 million to shareholders. Ended Q1 with $421 million in cash and cash equivalents, $7.5 billion in gross debt.

First quarter of 2026 adjusted revenue was $1,648,000,000, up 9%. Adjusted diluted earnings per share was $1.69, a 14% increase. Adjusted consolidated EBITDA was $651 million, up 10%, and margin was 39.5%. Technology enabled services is the largest revenue line item. Adjusted organic revenue growth was 5%, driven by GIDS (10.4% growth), Globop (6.7% growth), and recent acquisitions. Intralinks grew 3.2%. Fund administration business added $581 billion in assets under administration since Q1 2024.

• Second quarter of 2026 expected revenue range $1.64 to $1.68 billion, 5.6% organic revenue growth midpoint; adjusted net income range $408 to $424 million; interest expense excluding certain items range $102 to $104 million; adjusted diluted EPS range $1.64 to $1.70. - Full year 2026 revenue range $6.664 to $6.824 billion, 5.3% organic revenue growth midpoint; adjusted net income range $1.665 to $1.765 billion; adjusted diluted EPS range $6.74 to $7.06, ~12% growth midpoint; targeted annual EBITDA expansion 50 basis points, goal 40% margin in Q4.

Q: Kevin McVay with UBS asked if results would be stronger without macro headwinds and about AUA growth.

A: Bill said macro headwinds caused hesitancy but clients still need tech. AUA grew $581 billion since Q1 2024 due to market appreciation and strong hedge funds.

Q: Dan Perlin with RBC Capital Markets asked about private credit redemptions and GIDS cadence.

A: Bill said most private credit funds are closed-end, immune to day-to-day fluctuations. GIDS has opportunities in Australia, North America, Europe.

Q: Jeff Schmidt with William Blair asked about AI risk and share buybacks.

A: Bill said AI not a threat as they're embedded; share buybacks depend on cash usage.

Q: Surrender Thin with Jeffrey asked about Blue Prism offering and expenses.

A: Bill said Blue Prism is for mundane tasks with governance; expenses include R&D and sales investments with flexibility.

Q: Peter Heckman with DA Davidson asked about tokenization and Calistone.

A: Bill said SS&C is prepared for tokenization, Calistone performed well.

Q: JP Morgan asked about Intralinks and healthcare.

A: Bill said Intralinks growth from market and product investment; healthcare has big market with opportunities.

Q: James Fawcett with Morgan Stanley asked about wealth business and AI efforts.

A: Wealth business driven by Black Diamond and acquisitions; AI efforts include deploying digital workers for productivity and revenue.

Q: Patrick O'Shaughnessy with Raymond James asked about blockchain in GIDS and Globop growth.

A: Bill said blockchain is opportunity for GIDS; Globop growth depends on timing of large deals and renewals