Broadridge Financial Solutions, Inc. is a global financial technology leader that powers investing, corporate governance, and communications, delivering technology-driven solutions to banks, broker-dealers, asset and wealth managers, public companies, investors, and mutual funds. The company operates in a highly competitive industry, with competition based on brand recognition, product quality, price, and innovation. Financial services firms globally are spending more on technology, and the budgets allocated for such technology are consistently growing year-over-year, with a growing percentage of this spend directed to third-party technology, operations, and services.

The company's Investor Communication Solutions business competes with independent proxy distribution service providers, transfer agents, proxy advisory firms, proxy solicitation firms, firms that process proxy votes, and financial printers, as well as clients' in-house operations. Within Global Technology and Operations, capital markets solutions compete with in-house operations and vendors providing trade processing, back-office record keeping, and sell-side order and execution management systems; wealth management solutions compete with service providers delivering data, technology solutions, and marketing services to wealth advisors; and investment management solutions compete with firms providing portfolio management, compliance, and operational support solutions for asset managers and hedge funds. Broadridge's largest client accounted for approximately 7% of consolidated revenues in fiscal year 2026 ¹.

Broadridge generates revenue primarily from fees for processing and distributing investor communications and for technology-enabled services and solutions, with revenues derived from both recurring and event-driven activity, and distribution revenues. The company delivers multi-client technology and business process outsourcing services primarily through common operations platforms, creating layers of value for clients by harnessing network benefits, providing deep data and analytics, and offering a comprehensive suite of digital capabilities on a single platform. Clients include banks, broker-dealers, mutual funds, retirement service providers, corporate issuers, and wealth and asset management firms, as well as corporate clients in healthcare, insurance, consumer finance, telecommunications, utilities, and other service industries.

The Investor Communication Solutions segment provides Regulatory Solutions, Data-Driven Fund Solutions, Corporate Issuer Solutions, and Customer Communications Solutions. Regulatory Solutions handle the entire proxy materials distribution and voting process for bank, broker-dealer, corporate issuer, and fund clients, including electronic and traditional hard copy services, proxy vote solicitation, and international institutional and retail proxy processing. Data-Driven Fund Solutions provide data-driven analytics to help asset management, broker-dealer, and retirement service provider clients grow revenue, operate efficiently, and maintain compliance, including automated mutual fund and exchange-traded funds trade processing services. Corporate Issuer Solutions provide shareholder meetings and proxy services, corporate governance services, regulatory filings and disclosure, and stock transfer services, including proxy services through ShareLink, Virtual Shareholder Meeting electronic annual meetings, and SEC filing services. Customer Communications Solutions support clients across financial services, healthcare, insurance, consumer finance, telecommunications, utilities, and other service industries with omni-channel customer communications management solutions, spanning transactional communications, marketing communications, and regulatory communications, with physical delivery services operating through a network of six highly automated production facilities across North America. The ICS segment's revenues represented approximately 74% and 74% of total Revenues in fiscal years 2026 and 2025, respectively ².

The Global Technology and Operations segment provides capital markets and wealth and investment management firms with modern technology to enable growth, simplify technology stacks, and mutualize costs across both traditional and tokenized assets, with a highly scalable, component-based platform that automates the front-to-back transaction lifecycle of equity, mutual fund, fixed income, foreign exchange and exchange-traded derivatives. Capital Markets Solutions include a platform processing trades, clearance and settlement in more than 100 markets ³, with solutions such as Broadridge Trading and Connectivity Solutions, Post-Trade Processing solutions, and the distributed ledger repo solution (DLR) that uses blockchain-enabled distributed ledger technology and smart contracts. Wealth and Investment Management Solutions deliver front-to-back technology solutions including digital marketing services for full-service, regional, and independent broker-dealers and investment advisors, and portfolio and order management solutions for traditional and alternative asset managers. The GTO segment's revenues represented approximately 26% and 26% of total Revenues in fiscal years 2026 and 2025, respectively ⁴.

In fiscal year 2026, Broadridge acquired four businesses: CQG, Inc., an execution management system provider to futures and options market participants; Acolin Group Holdco Limited, a European provider of cross-border fund distribution and regulatory services; iJoin; and Signal Agency Limited, to expand and globalize digital customer communications capabilities, for an aggregate purchase price of $300.2 million in cash ($282.8 million net of cash acquired) ⁵. The company managed proxy voting for over 1 billion equity proxy positions ⁶, processed over 8 billion investor and customer communications through print and digital channels ⁷, processed on average over $18 trillion in tokenized and traditional securities trades per day ⁸, provided fixed income trade processing services to 22 of the 26 primary dealers of fixed income securities in the U.S. ⁹, and provided services to the 15 largest U.S. wealth providers ¹⁰. Digitization rates for equity proxy communications exceeded 90% as of fiscal year 2026 ¹¹, and the company processed approximately $7.5 trillion in monthly tokenized transactions in June 2026 ¹². On August 3, 2026, the Board approved an increase in the quarterly cash dividend by $0.115 per share to $1.09 per share, increasing the expected annual dividend amount from $3.90 to $4.36 per share ¹³.

Total revenues for fiscal year 2026 were $7,476.8 million ¹⁴, compared to $6,889.1 million ¹⁵ in fiscal year 2025, an increase of $587.6 million or 9% ¹⁶. Operating income was $1,300.6 million ¹⁷ compared to $1,188.6 million ¹⁸ in the prior year, with margin expanding to 17.4% ¹⁹ from 17.3% ²⁰. Net earnings were $1,124.3 million ²¹ compared to $839.5 million ²² in fiscal year 2025, an increase of $284.8 million or 34% ²³. Basic earnings per share were $9.67 ²⁴ compared to $7.17 ²⁵ in the prior year. The effective tax rate was 22.2% ²⁶ compared to 20.7% ²⁷ in fiscal year 2025.

On July 16, 2026, the SEC proposed Regulation E-Delivery, which would permit entities to use electronic delivery as the default method for delivery of required disclosures, reports, and other regulatory materials under the federal securities laws instead of paper delivery. Based on preliminary analysis, Broadridge expects no impact on financial results in fiscal year 2027, and as clients implement the proposed rule changes, the company anticipates a modest decrease in recurring revenue growth over a two- to three-year period, which it expects to largely offset with new solutions, along with a decline in distribution revenues that should increase margins, with the company overall anticipating being able to mitigate any adverse impact on earnings results.

Broadridge's growth strategy is focused on three key themes: driving democratization and digitization in governance, simplifying and innovating trading in capital markets, and modernizing wealth and investment management. In governance, the company is positioning its platform to support proxy voting, shareholder communications, and issuer services across both traditional and tokenized infrastructures as the market evolves toward tokenized and digitally native securities. In capital markets, the company is driving next-generation solutions that simplify clients' operations, improve performance and resiliency, and adapt to new technologies, including blockchain-enabled DLR and the expanded distributed ledger platform (DLx), as well as incorporating agentic AI into fully managed services. In wealth and investment management, the company has developed a holistic wealth management platform solution that provides seamless systems and data integration capabilities, and has bolstered its Wealth offerings in Canada by integrating advanced clearing and settlement, account record-keeping, and tax and regulatory reporting capabilities directly into the platform.

The company expects the efficiencies resulting from its undertakings to lead to growth in the market for its solutions. Broadridge continues to expand its global footprint, driving international growth through both strategic investments and organic initiatives. The company is building or further expanding its governance, capital markets, and wealth capabilities to on-chain environments, including communications, proxy voting and distribution, regulatory reporting, digital transfer agency, digital asset trading, post trade reporting, wallet solutions, and full integration of the DLx platform.

Broadridge's technology strategy is designed to provide high levels of availability, scalability, reliability, and flexibility, leveraging a hybrid model consisting of private and public cloud services as well as traditional data center services. The company's technology architecture consists of systems and applications which operate in data centers that employ multiple active power and cooling distribution paths and redundant components, with geographically dispersed processing centers providing disaster recovery and business continuity processing capabilities. The company has integrated AI capabilities into several of its solutions and provides associates with access to internal AI tools aimed at transforming the product development process and enhancing overall productivity and efficiency.

Broadridge owns a portfolio of more than 180 U.S. and non-U.S. patents and patent applications ²⁸. The company continually upgrades, enhances, and expands its existing products and services, taking into account input from clients, industry-wide initiatives, and regulatory changes affecting clients. The company is focused on enterprise transformation with a focus on next-generation technologies, with core strength in scalable, reusable platform components that empower developers and accelerate application delivery across the company.

As of June 30, 2026, Broadridge had $3,254.6 million in aggregate carrying amount of total debt ²⁹, and its revolving credit facility had a remaining borrowing capacity of $1,225.3 million ³⁰. The company expects to pay cash dividends on its common stock, and on August 3, 2026, the Board approved an increase in the quarterly cash dividend by $0.115 per share to $1.09 per share, increasing the expected annual dividend amount from $3.90 to $4.36 per share ³¹. During the fiscal quarter ended June 30, 2026, the company repurchased 1,664,455 shares of common stock at an average price of $150.22 under its share repurchase program ³², and at June 30, 2026, the company had 3,464,789 shares available for repurchase under its share repurchase program ³³.

The SEC's recently proposed Regulation E-Delivery, if adopted as proposed, would permit clients to change the default delivery method for certain communications from paper to electronic delivery, which would decrease the volume of physically delivered communications processed, and while the volume of electronic delivery is expected to increase, recurring revenue growth and distribution revenues would decrease, potentially resulting in a decrease in earnings and the potential restructuring of physical distribution operations. The emergence of tokenized securities presents the risk of disintermediation to Broadridge's clients or certain of its businesses, and if tokenized securities achieve broad market adoption, demand for traditional securities processing, investor communications, proxy distribution, and transfer agency services could be altered, reduced, or eliminated.

Global economic and political conditions, including global health crises, geopolitical instability, and broad trends in business and finance beyond the company's control, have had and may have a material impact on business operations and those of clients, and could contribute to reduced levels of activity in the securities markets. Factors include economic, political, and market conditions; legislative and regulatory changes; acts of war or terrorism and international conflict such as the ongoing conflicts in the Middle East, Russia, and Ukraine; natural or man-made disasters; extreme or unusual weather patterns caused by climate change; the level and volatility of interest rates; currency values and inflation; trade policies, disputes, barriers, and other restrictions; and taxation levels affecting securities transactions.

Management's message emphasizes that Broadridge earns clients' confidence every day by delivering real business value through leading technology-driven solutions that help clients get ahead of today's challenges and capitalize on future growth opportunities, with a strategy addressing critical industry needs by utilizing leading platform capabilities. The company's growth strategy is focused on three key themes: driving democratization and digitization in governance, simplifying and innovating trading in capital markets, and modernizing wealth and investment management. Management highlights that as financial institutions look to transform and mutualize their mission-critical but non-differentiating operational and support functions, Broadridge has the proven technology, scale, innovation, experience, and most importantly, the network to achieve this goal and meet their needs. The company embraces the Service-Profit Chain, which directly connects employee engagement, client satisfaction, and the creation of shareholder value, and in fiscal year 2026, the company received an 82% overall favorable rating in the annual Great Place to Work survey ³⁶, with 85% of associates stating that Broadridge is a "great place to work" ³⁷.

Total revenues for fiscal year 2026 were $7,476.8 million ³⁸ compared to $6,889.1 million ³⁹ in fiscal year 2025. Net earnings were $1,124.3 million ⁴⁰ compared to $839.5 million ⁴¹ in the prior year. Basic earnings per share were $9.67 ⁴² compared to $7.17 ⁴³ in fiscal year 2025. Operating income was $1,300.6 million ⁴⁴ compared to $1,188.6 million ⁴⁵ in the prior year, with operating margin of 17.4% ⁴⁶ compared to 17.3% ⁴⁷. Interest expense, net was $99.9 million ⁴⁸ compared to $122.7 million ⁴⁹ in fiscal year 2025. Other non-operating income (expenses), net was $245.2 million ⁵⁰ compared to ($7.1) million ⁵¹ in the prior year. The provision for income taxes was $321.6 million ⁵² compared to $219.2 million ⁵³ in fiscal year 2025, with an effective tax rate of 22.2% ⁵⁴ compared to 20.7% ⁵⁵. Total operating expenses were $6,176.2 million ⁵⁶ compared to $5,700.6 million ⁵⁷ in the prior year. Cost of revenues was $5,100.7 million ⁵⁸ compared to $4,752.3 million ⁵⁹ in fiscal year 2025. Selling, general and administrative expenses were $1,075.5 million ⁶⁰ compared to $948.2 million ⁶¹ in the prior year. As of June 30, 2026, the company had $3,254.6 million in aggregate carrying amount of total debt ⁶² and $1,225.3 million in remaining borrowing capacity under its revolving credit facility ⁶³. Goodwill was $3,787.8 million as of June 30, 2026 ⁶⁴. The Investor Communication Solutions segment's revenues represented approximately 74% of total Revenues in fiscal year 2026 ⁶⁵, and the Global Technology and Operations segment's revenues represented approximately 26% of total Revenues in fiscal year 2026 ⁶⁶.

Broadridge's largest client accounted for approximately 7% of consolidated revenues in fiscal year 2025 ³⁴, and the loss or significant reduction of business from any larger client could have a material adverse effect on revenues and results of operations. The company's services and related fees are particularly sensitive to changes in laws and regulations, including the SEC's proposed Regulation E-Delivery, which if adopted as proposed would permit clients to change the default delivery method for certain communications from paper to electronic delivery, decreasing the volume of physically delivered communications and potentially resulting in a decrease in earnings and the potential restructuring of physical distribution operations. The emergence of tokenized securities presents the risk of disintermediation, and if tokenized securities achieve broad market adoption, demand for traditional securities processing, investor communications, proxy distribution, and transfer agency services could be altered, reduced, or eliminated. As of June 30, 2026, goodwill, intangible assets, net, and deferred client conversion and start-up costs accounted for approximately 65% of total assets ³⁵, and a significant non-cash impairment could have a material adverse effect on results of operations. The company holds digital assets in the form of Canton Coins in connection with its role as a Validator and Super Validator on the Global Synchronizer, and the value of digital assets is highly speculative and can fluctuate dramatically, with risks including market volatility, potential for fraud or theft, cyberattacks, and rapidly changing legal and regulatory standards.