Strong Third Quarter Performance
Broadridge delivered 8% recurring revenue growth and 9% adjusted EPS growth for the third quarter of fiscal 2025.
High Revenue Retention and Backlog
Broadridge achieved a 98% revenue retention rate with a $450 million revenue backlog, providing strong visibility into future growth.
Governance Business Growth
Governance recurring revenues rose 6%, driven by new sales and continued growth in investor participation, with equity position growth reaching 15%.
Capital Markets Segment Success
Reported 10% recurring revenue growth in Capital Markets, driven by strong trading volumes and demand for global post-trade solutions.
Wealth and Investment Management Expansion
Revenues grew 13% in the Wealth and Investment Management segment, supported by the acquisition of SIS and successful platform integrations.
Positive Outlook for Fiscal 2025
Broadridge remains on track to achieve 6% to 8% recurring revenue growth and adjusted EPS growth in the middle of the 8% to 12% guidance range for fiscal 2025.