Broadridge Reports Q1 Fiscal 2027 Earnings and Reaffirms Full-Year Guidance

Broadridge Reports Q1 Fiscal Year 2027 Financial Results

Broadridge Financial Solutions, Inc. (NYSE: BR) filed a Form 8-K under Item 2.02 detailing its financial results for the first quarter of fiscal year 2027 ended September 30, 2026.

Key Financial Highlights:

• Total Revenues: Reached $1,669 million, an increase of 5% compared to $1,589 million in Q1 FY2026.
• Recurring Revenues: Grew 11% (11% constant currency) to $1,083 million, powered by 9% organic growth.
• Event-Driven Revenues: Fell 41% to $67 million, primarily due to lower mutual fund proxy revenues.
• Distribution Revenues: Increased 4% to $518 million, driven by approximately $18 million from postage rate increases.
• Operating Income & Margin: GAAP operating income decreased 8% to $174 million (10.4% margin vs. 11.9% prior year). Non-GAAP adjusted operating income declined 9% to $230 million (13.8% margin vs. 15.8% prior year).
• Net Earnings & EPS: GAAP net earnings fell 43% to $95 million, resulting in diluted EPS of $0.83 (-41% YoY). Non-GAAP adjusted EPS grew 3% to $1.56.
• Closed Sales: Rose 10% to $36 million.

Capital Allocation & Corporate Actions:

• Broadridge repurchased $200 million of common stock during the quarter.
• Distributed $111 million in shareholder dividends.

Reaffirmed FY 2027 Financial Guidance:

• Recurring Revenue Growth (Constant Currency): 6% – 8%
• Adjusted Operating Income Margin: ~21%
• Adjusted EPS Growth: 8% – 12%
• Free Cash Flow Conversion: 100%+
• Closed Sales: $290 million – $330 million