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Broadridge Financial Solutions
(NYSE:BR)
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Rating:80Outperform
Price Target:
$211.00
â–²(16.19% Upside)
Action:Reiterated
Date:10/24/26
BR scores well primarily on strong financial performance (margin expansion and high free-cash-flow conversion) and a supportive earnings outlook (mid-to-high single-digit recurring growth and margin improvement plans). Valuation is reasonable with a solid dividend, while the main offsets are still-elevated leverage and an overbought technical setup that can increase near-term volatility.
Positive Factors
Recurring revenue visibility
Recurring revenue growth and a larger contracted backlog provide meaningful visibility into future performance. These results support Broadridge’s embedded role in financial institutions’ workflows, reduce dependence on discretionary spending, and create a durable base for continued expansion.
Negative Factors
Elevated leverage
Although leverage is improving, debt remains substantial relative to equity and could constrain financial flexibility if operating conditions weaken. Interest obligations and refinancing needs may compete with investment or shareholder returns, amplifying downside during a softer earnings period.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue visibility
Recurring revenue growth and a larger contracted backlog provide meaningful visibility into future performance. These results support Broadridge’s embedded role in financial institutions’ workflows, reduce dependence on discretionary spending, and create a durable base for continued expansion.
Read all positive factors
Broadridge Financial Solutions Key Performance Indicators (KPIs)
Any
Revenue by Segment
Analyzes income from different business units, highlighting which areas drive growth and profitability, and where strategic focus might be needed.
Analyzes income from different business units, highlighting which areas drive growth and profitability, and where strategic focus might be needed.
Data provided by:
The Fly
The FlyBroadridge Financial Solutions (BR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.69B
Dividend Yield2.19%
Average Volume (3M)889.24K
Price to Earnings (P/E)18.9
Beta (1Y)0.63
Revenue Growth8.53%
EPS Growth35.29%
CountryUS
Employees16,000
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)9.69
Shares Outstanding112,900,030
10 Day Avg. Volume768,267
30 Day Avg. Volume889,235
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)5.61
Price to Sales (P/S)2.13
P/FCF Ratio12.46
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue2.53
Enterprise Value/Gross Profit7.97
Enterprise Value/Ebitda9.52
Forecast
1Y Price Target
$202.83Price Target Upside11.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)10.56
Revenue Forecast (FY)$7.85B
Broadridge Financial Solutions Business Overview & Revenue Model
Company Description
Broadridge Financial Solutions, Inc. delivers specialized technology and communication services designed for the financial sector. Its Investor Communication Solutions division is responsible for processing and disseminating proxy materials for eq...
How the Company Makes Money
Broadridge makes money by providing recurring, transaction-driven, and subscription/service-based solutions to financial institutions and corporate issuers, primarily through two operating segments:
1) Investor Communication Solutions (ICS)
- Iss...
Broadridge Financial Solutions Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call presented a strong operational and financial picture: double-digit EPS growth, solid recurring revenue growth (8% constant currency), record closed sales and a sizable recurring revenue backlog. Strategic initiatives (tokenization, AI/agentic capabilities, digital communications) show tangible traction—DLR scaling rapidly, platform-enabled sales increasing, and expected AI productivity gains. Near-term headwinds include moderation of event-driven revenue, margin pressure from distribution mix and lower interest income, timing volatility in large deal closures, and transitional/regulatory uncertainties (e-delivery, digital asset mark-to-market). On balance, positive execution and durable cash generation outweigh these manageable near-term challenges.Positive Updates
Strong Top-Line and EPS Growth
Fiscal 2026 recurring revenue grew 8% in constant currency to $4.9B; adjusted EPS rose 12% to $9.60. Q4 recurring revenue grew 8% (constant currency) and Q4 adjusted EPS rose 8% to $3.82.
Negative Updates
Event-Driven Revenue Moderation and Tough Early-Year Comparisons
Q4 event-driven revenue was $71M and the company expects event-driven revenues to moderate to $250M–$300M for fiscal '27. Q1 faces a tough comp vs. prior-year Q1 event revenue of $114M, pressuring near-term results.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Top-Line and EPS Growth
Fiscal 2026 recurring revenue grew 8% in constant currency to $4.9B; adjusted EPS rose 12% to $9.60. Q4 recurring revenue grew 8% (constant currency) and Q4 adjusted EPS rose 8% to $3.82.
Read all positive updates
Company Guidance
For fiscal 2027 Broadridge guided recurring revenue growth of 6–8% in constant currency (with ~1 point from fiscal‑'26 acquisitions and visibility from a $470M recurring revenue backlog), adjusted EPS growth of 8–12% (assumes a ~22% tax rate), and an adjusted operating income margin of approximately 21% (up from 20.5% in FY‑26), supported by an expected $25M of AI‑driven productivity savings; they forecast event‑driven revenues of $250–300M, distribution revenues growing mid‑single digits, closed sales of $290–330M, and called out Q1 specifics — lapping a prior‑year $114M of event revenues, a ~4‑point license tailwind in GTO, and Q1 EPS representing ~11–13% of full‑year earnings — while ending the year with 1.9x leverage and continued shareholder returns (dividend increased to $4.36 and share repurchase authorization raised to $1.5B).Broadridge Financial Solutions Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
73
Positive
Cash Flow
82
Very Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.48B | 6.89B | 6.51B | 6.06B | 5.71B |
| Gross Profit | 2.38B | 2.14B | 1.93B | 1.79B | 1.59B |
| EBITDA | 1.64B | 1.69B | 1.51B | 1.36B | 1.22B |
| Net Income | 1.12B | 839.50M | 698.10M | 630.60M | 539.10M |
Balance Sheet | |||||
| Total Assets | 8.95B | 8.54B | 8.24B | 8.23B | 8.17B |
| Cash, Cash Equivalents and Short-Term Investments | 402.90M | 561.50M | 305.20M | 252.30M | 224.70M |
| Total Debt | 3.52B | 3.46B | 3.58B | 3.65B | 4.07B |
| Total Liabilities | 6.10B | 5.89B | 6.07B | 5.99B | 6.25B |
| Stockholders Equity | 2.84B | 2.66B | 2.17B | 2.24B | 1.92B |
Cash Flow | |||||
| Free Cash Flow | 1.28B | 1.06B | 943.20M | 748.10M | 370.40M |
| Operating Cash Flow | 1.35B | 1.17B | 1.06B | 823.30M | 443.50M |
| Investing Cash Flow | -452.00M | -316.20M | -148.00M | -80.40M | -110.40M |
| Financing Cash Flow | -1.05B | -600.80M | -855.50M | -714.70M | -370.80M |
Broadridge Financial Solutions Technical Analysis
Positive
181.60
Price Trends
170.75
Positive
159.86
Positive
165.34
Positive
Market Momentum
4.23
Negative
69.23
Neutral
89.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BR, the sentiment is Positive. The current price of 181.6 is above the 20-day moving average (MA) of 168.34, above the 50-day MA of 170.75, and above the 200-day MA of 165.34, indicating a bullish trend. The MACD of 4.23 indicates Negative momentum. The RSI at 69.23 is Neutral, neither overbought nor oversold. The STOCH value of 89.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BR.
Broadridge Financial Solutions Risk Analysis
Broadridge Financial Solutions disclosed 23 risk factors in its most recent earnings report. Broadridge Financial Solutions reported the most risks in the "Tech & Innovation" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Broadridge Financial Solutions Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $11.40B | 23.29 | 23.49% | 1.48% | 6.66% | 11.84% | |
80 Outperform | $20.69B | 18.91 | 40.25% | 2.19% | 8.53% | 35.29% | |
80 Outperform | $49.35B | 15.56 | 32.90% | 4.24% | -0.64% | 5.69% | |
74 Outperform | $31.77B | 15.14 | 14.94% | 1.84% | 5.64% | -5.39% | |
70 Outperform | $19.35B | 5.75 | 22.57% | 4.58% | 18.26% | 2280.55% | |
67 Neutral | $26.51B | 9.55 | 10.77% | 0.49% | -1.17% | -13.24% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
BR
Broadridge Financial Solutions
183.28
-43.82
-19.30%
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Broadridge Financial Solutions Corporate Events
Business Operations and Strategy
Broadridge Relocates Corporate Headquarters to Midtown Manhattan
Positive
Oct 23, 2026
On September 29, 2026, Broadridge Financial Solutions, Inc. relocated its corporate headquarters to 605 Third Avenue in New York, New York, consolidating its base of operations in a major Midtown Manhattan office corridor. The move signals a conti...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Broadridge Reports Strong Fiscal 2026 Results, Confident Outlook
Positive
Aug 4, 2026
On August 3, 2026, Broadridge’s board approved a 12% increase in the annual dividend to $4.36 per share and declared a quarterly dividend of $1.09 per share payable on October 5, 2026 to shareholders of record on September 3, 2026. The board...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.