Broadridge reports Q1 adjusted EPS $1.51, consensus $1.25

Reports Q1 revenue $1.59B, consensus $1.54B. “Broadridge (BR) delivered strong first quarter results, including 8% Recurring revenue growth constant currency, near-record event-driven revenue, and 51% Adjusted EPS growth,” said Tim Gokey, Broadridge CEO. “We continue to execute on our strategy of democratizing and digitizing governance, simplifying and innovating capital markets, and modernizing wealth management. “We are also deploying our capital to drive long-term growth. During the quarter, we made two tuck-in acquisitions to strengthen our governance business and repurchased $150 million of our shares. “With a strong start to fiscal 2026, we now expect Fiscal Year 2026 Recurring revenue growth at the higher end of our 5-7% guidance range, and are reaffirming our guidance for continued margin expansion, 8-12% Adjusted EPS growth, and strong Closed sales of $290-$330 million,” Gokey concluded.