Broadridge Q1 FY2027 net earnings fall 43%
Broadridge reaffirmed fiscal 2027 targets, including 8–12% adjusted EPS growth and 100%+ free cash flow conversion.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Broadridge Financial Solutions, Inc. (BR) reported first-quarter fiscal 2027 revenue of $1,668.7 million, up 5% year over year, with recurring revenue up 11% to $1,083.1 million. Operating income declined 8% to $173.5 million and net earnings fell 43% to $94.8 million; diluted EPS was $0.83 versus $1.40. Adjusted EPS increased 3% to $1.56, while adjusted net earnings were $177.9 million versus $178.1 million. Event-driven revenue fell 41% to $67.4 million as lower mutual fund proxy revenue was partly offset by higher equity and other revenue.
Free cash flow was $76.3 million, compared with $12.7 million a year earlier. Broadridge repurchased $200.2 million of treasury stock and paid $111.2 million in dividends. It reaffirmed fiscal 2027 guidance of 6–8% recurring revenue growth on a constant-currency basis, 8–12% adjusted EPS growth, approximately 21% adjusted operating income margin, 100%+ free cash flow conversion, and $290–$330 million in closed sales.
3 points · 0 major0 major · 4 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointRecurring revenue rose 11% to $1,083.1 million year over year.
- Moderate pointTotal revenue increased 5% to $1,668.7 million.
- Moderate pointFree cash flow was $76.3 million, versus $12.7 million a year earlier.
Negative
- Moderate pointNet earnings fell 43% to $94.8 million year over year.
- Moderate pointOperating income decreased 8% to $173.5 million.
- Minor pointDiluted EPS declined 41% to $0.83 year over year.
- Minor pointEvent-driven revenue fell 41% to $67.4 million.
Filing Explained
At quarter-end, long-term debt was higher than at June 30, while full-year guidance remained unchanged.
Broadridge reports first-quarter fiscal 2027 results and reaffirms unchanged full-year guidance; at
Broadridge also reports first-quarter restructuring and related costs, described as severance tied in part to AI and productivity initiatives, and says it continues to evaluate expanding those actions.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Total revenue: $1,668.7 million
Recurring revenue: $1,083.1 million
Operating income: $173.5 million
+5 more
8 metrics
Total revenue
$1,668.7 million
First quarter fiscal 2027; up 5% year over year
Recurring revenue
$1,083.1 million
First quarter fiscal 2027; up 11% year over year
Operating income
$173.5 million
First quarter fiscal 2027; down 8% year over year
Net earnings
$94.8 million
First quarter fiscal 2027; down 43% year over year
Diluted EPS
$0.83 per share
First quarter fiscal 2027; down 41% from $1.40
Adjusted EPS
$1.56 per share
First quarter fiscal 2027; up 3% year over year
Free cash flow
$76.3 million
First quarter fiscal 2027; compared with $12.7 million in the prior-year quarter
Closed sales
$35.6 million
First quarter fiscal 2027; up 10% year over year
Key Terms
Recurring revenue growth constant currency, Closed sales, Free cash flow conversion, Position Growth
4 terms
Recurring revenue growth constant currency financial
"Recurring revenue growth constant currency (Non-GAAP) was 11%"
Closed sales financial
"Closed sales grew 10% to $36 million"
Free cash flow conversion financial
"Free cash flow conversion is calculated as Free cash flow divided by Adjusted Net earnings"
Free cash flow conversion measures how effectively a company turns its reported profits into actual cash that can be used for growth, debt repayment, or dividends. It compares the cash generated after expenses to the company's net income, similar to how a person might compare their savings to their paycheck. High conversion indicates the company is efficient at translating profits into cash, which is important for investors assessing its financial health and flexibility.
Position Growth financial
"Position Growth is comprised of “equity position growth” and “mutual fund/ETF position growth.”"
Earnings Snapshot
Total revenue: $1,668.7 million · Guidance included
First quarter fiscal 2027 ended September 30, 2026
Total revenue
$1,668.7 million
Up 5% year over year
Recurring revenue
$1,083.1 million
Up 11% year over year
Operating income
$173.5 million
Down 8% year over year
Net earnings
$94.8 million
Down 43% year over year
Diluted EPS
$0.83 per share
Down 41% from $1.40
Adjusted EPS
$1.56 per share
Up 3% year over year
Free cash flow
$76.3 million
Compared with $12.7 million in the prior-year quarter
Guidance
Fiscal 2027 guidance reaffirmed: recurring revenue growth constant currency 6–8%; adjusted operating income margin approximately 21%; adjusted EPS growth 8–12%; free cash flow conversion 100%+; closed sales $290–$330 million.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much revenue did BR report in fiscal Q1 2027?
BR reported $1,668.7 million in revenue, up 5% year over year. Recurring revenue was $1,083.1 million, up 11%.
How did BR's earnings and EPS change in fiscal Q1 2027?
Net earnings were $94.8 million, down 43%, and diluted EPS was $0.83, down 41%, year over year. Adjusted net earnings were $177.9 million versus $178.1 million, and adjusted EPS rose 3% to $1.56.
What is BR's fiscal 2027 guidance?
Broadridge reaffirmed guidance for 6–8% recurring revenue growth on a constant-currency basis, 8–12% adjusted EPS growth, approximately 21% adjusted operating income margin, 100%+ free cash flow conversion, and $290–$330 million in closed sales.
How much did BR repurchase and pay in dividends in fiscal Q1 2027?
Broadridge repurchased $200.2 million of treasury stock and paid $111.2 million in dividends during the quarter.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 3, 2026
------------
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission file number) | (I.R.S. Employer Identification No.) | ||||||
| (Street Address) | (City) | (State) | Zip Code | ||||||||
Registrant’s telephone number, including area code: (212 ) 918-6900
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class: | Trading Symbol | Name of Each Exchange on Which Registered: | ||||||
Item 2.02. Results of Operations and Financial Condition.
On November 3, 2026, Broadridge Financial Solutions, Inc. (“Broadridge” or the “Company”) issued a press release (“Press Release”) announcing its financial results for the first quarter of fiscal year 2027 ended September 30, 2026. On November 3, 2026, the Company also posted an Earnings Webcast & Conference Call Presentation (the “Earnings Presentation”) on the Company’s Investor Relations website at www.broadridge-ir.com.
Copies of the Press Release and Earnings Presentation are being furnished as Exhibits 99.1 and 99.2, attached hereto, respectively. The information furnished pursuant to Items 2.02 and 9.01, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
Forward-Looking Statements
This current report on Form 8-K may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identified by the use of words such as “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be,” “on track,” and other words of similar meaning, are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include:
•changes in laws and regulations affecting Broadridge’s clients or the services provided by Broadridge;
•Broadridge’s reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge’s services with favorable pricing terms;
•a material security breach or cybersecurity attack affecting the information of Broadridge’s clients;
•declines in participation and activity in the securities markets;
•the failure of Broadridge’s key service providers to provide the anticipated levels of service;
•a disaster or other significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services;
•overall market, economic and geopolitical conditions and their impact on the securities markets;
•the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients;
•Broadridge’s failure to keep pace with changes in technology and demands of its clients;
•competitive conditions;
•Broadridge’s ability to attract and retain key personnel; and
•the impact of new acquisitions and divestitures.
There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition. You should carefully read the factors described in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended June 30, 2026 filed with the Securities and Exchange Commission on August 4, 2026 for a description of certain risks that could, among other things, cause our actual results to differ from these forward-looking statements.
All forward-looking statements speak only as of the date of this Current Report on Form 8-K and are expressly qualified in their entirety by the cautionary statements included in this Current Report on Form 8-K. We disclaim any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
| Item 9.01. | Financial Statements and Exhibits. | ||||
(d) Exhibits.
| Exhibit No. | Description | |||||||
99.1 | Broadridge Financial Solutions, Inc. Press Release dated September 30, 2026 | |||||||
99.2 | Broadridge Financial Solutions, Inc. Earnings Webcast & Conference Call Presentation dated September 30, 2026 | |||||||
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 3, 2026
| BROADRIDGE FINANCIAL SOLUTIONS, INC. | |||||||||||||||||
| By: | /s/ Ashima Ghei | ||||||||||||||||
| Ashima Ghei | |||||||||||||||||
| Corporate Vice President and | |||||||||||||||||
| Chief Financial Officer | |||||||||||||||||
EXHIBIT 99.1
Broadridge Reports First Quarter Fiscal 2027 Results
Recurring revenues grew 11% on a reported and constant currency basis
Diluted EPS was $0.83 and Adjusted EPS grew 3% to $1.56
Closed sales grew 10% to $36 million
Reaffirming FY’27 guidance, including 6-8% Recurring revenue growth constant currency, 8-12% Adjusted EPS growth, and Closed sales of $290-$330 million
NEW YORK, N.Y., November 3, 2026 - Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the first quarter ended September 30, 2026 of its fiscal year 2027. Results compared with the same period last year were as follows:
| Summary Financial Results | First Quarter | |||||||||||||
Dollars in millions, except per share data | 2027 | 2026 | Change | |||||||||||
| Recurring revenues | $1,083 | $977 | 11 | % | ||||||||||
| Constant currency growth (Non-GAAP) | 11 | % | ||||||||||||
| Total revenues | $1,669 | $1,589 | 5 | % | ||||||||||
| Operating income | $174 | $189 | (8 | %) | ||||||||||
| Margin | 10.4 | % | 11.9 | % | ||||||||||
| Adjusted Operating income (Non-GAAP) | $230 | $251 | (9 | %) | ||||||||||
| Margin (Non-GAAP) | 13.8 | % | 15.8 | % | ||||||||||
| Diluted EPS | $0.83 | $1.40 | (41 | %) | ||||||||||
| Adjusted EPS (Non-GAAP) | $1.56 | $1.51 | 3 | % | ||||||||||
| Closed sales | $36 | $33 | 10 | % | ||||||||||
“Broadridge is driving digital engagement, scaling agentic AI, and accelerating tokenization while delivering strong financial results,” said Tim Gokey, Broadridge CEO. “Fiscal first quarter Recurring revenue grew 11% constant currency, including 9% Organic growth, and Closed sales rose 10% to $36 million. Adjusted EPS increased 3% to $1.56.
“We continued to be buyers of Broadridge shares, repurchasing $200 million in the quarter while returning an additional $111 million to shareholders via our dividend.
“With a strong start to the year, we are reaffirming our fiscal year 2027 guidance, including 6-8% Recurring revenue growth constant currency, 8-12% Adjusted EPS growth, Free cash flow conversion of 100%+, and strong Closed sales of $290-$330 million,” Mr. Gokey concluded.
1
Fiscal Year 2027 Financial Guidance
| FY’27 Guidance | Updates | ||||||||||
| Recurring revenue growth constant currency (Non-GAAP) | 6 - 8% | No Change | |||||||||
| Adjusted Operating income margin (Non-GAAP) | ~21% | No Change | |||||||||
| Adjusted Earnings per share growth (Non-GAAP) | 8 - 12% | No Change | |||||||||
| Free cash flow conversion (Non-GAAP) | 100%+ | No Change | |||||||||
| Closed sales | $290 - $330 million | No Change | |||||||||
Financial Results for First Quarter Fiscal Year 2027 compared to First Quarter Fiscal Year 2026
•Total revenues increased 5% to $1,669 million from $1,589 million.
◦Recurring revenues increased $106 million, or 11%, to $1,083 million. Recurring revenue growth constant currency (Non-GAAP) was 11%, driven by 9pts from Organic growth.
◦Event-driven revenues decreased $46 million, or 41%, to $67 million, as lower mutual fund proxy revenues were partially offset by higher equity and other revenue.
◦Distribution revenues increased $20 million, or 4%, to $518 million, driven primarily by the postage rate increase of approximately $18 million.
•Operating income was $174 million, a decrease of $15 million, or 8%. Operating income margin decreased to 10.4%, compared to 11.9% for the prior year period.
◦Adjusted Operating income was $230 million, a decrease of $22 million, or 9%. Adjusted Operating income margin was 13.8% compared to 15.8% for the prior year period.
•Interest expense, net was $27 million, an increase of $3 million from $24 million.
•The effective tax rate was 13.6% compared to 22.4% in the prior year period. The decrease was primarily driven by an increase in total discrete tax benefits relative to pre-tax income.
•Net earnings decreased 43% to $95 million and Adjusted Net earnings were flat at $178 million.
◦Diluted earnings per share decreased 41% to $0.83, compared to $1.40 in the prior year period, and
◦Adjusted earnings per share increased 3% to $1.56, compared to $1.51 in the prior year period.
Segment and Other Results for First Quarter Fiscal Year 2027 compared to First Quarter Fiscal Year 2026
ICS
•Total revenues were $1,153 million, an increase of $23 million, or 2%.
◦Recurring revenues increased $50 million, or 10%, to $568 million. Recurring revenue growth constant currency (Non-GAAP) was 10%, driven by 8pts of Organic growth.
◦By product line, Recurring revenue growth and Recurring revenue growth constant currency (Non-GAAP) were as follows:
▪Regulatory rose 17% and 17%, respectively. Equity revenue position growth was 11% and Mutual fund/ETF position growth was 16%.
▪Data-driven fund solutions increased 10% and 10%, respectively, driven by growth from the acquisitions of Acolin and iJoin and in data and analytics revenues.
▪Issuer rose 4% and 4%, respectively, driven by growth in disclosure solutions.
2
▪Customer communications rose 3% and 3%, respectively, driven by growth in digital and print revenues, as well as the acquisition of Signal Agency Limited (“Signal”).
◦Event-driven revenues decreased $46 million, or 41%, to $67 million, as lower mutual fund proxy revenues were partially offset by higher equity and other revenue.
◦Distribution revenues increased $20 million, or 4%, to $518 million, driven primarily by the postage rate increases of approximately $18 million.
•Earnings before income taxes decreased $22 million, or 18%, to $104 million. The earnings benefit from higher Recurring revenue was offset by lower Event-driven revenues and higher Operating expenses. Operating expenses rose 5%, or $46 million, to $1,049 million, driven by higher distribution and technology expenses, as well as the impact of acquisitions.
GTO
•Recurring revenues were $516 million, an increase of $56 million, or 12%. Recurring revenue growth constant currency (Non-GAAP) was 13%, driven by 10pts of Organic growth and 3pts from the acquisition of CQG, Inc. (“CQG”).
•By product line, Recurring revenue growth and the corresponding Recurring revenue growth constant currency (Non-GAAP) were as follows:
◦Capital Markets rose 17% and 17%, respectively, driven by 12pts of Organic growth, including a 4pt benefit from higher software term license revenues and 5pts from the acquisition of CQG.
◦Wealth and Investment Management rose 5% and 6%, respectively, all Organic, including 3pts of higher software term license revenues.
•Earnings before income taxes were $99 million, an increase of $31 million, or 47%, as higher revenues more than offset higher expenses. Operating expenses rose 6%, or $25 million, to $417 million driven by higher revenue and technology expenses, as well as the impact of the CQG acquisition.
Corporate and Other
•Loss before income taxes was $93 million, a decrease of $112 million, due to non-cash Losses on Digital Assets of $40 million in the current year period compared to a gain of $46 million in the prior year period, and Restructuring and Other Related Costs of $15 million.
Earnings Conference Call
An analyst conference call will be held today, November 3, 2026, at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the live event and access the slide presentation, visit Broadridge’s Investor Relations website at www.broadridge-ir.com prior to the start of the webcast. To listen to the call, investors may also dial 1-877-328-2502 within the United States and international callers may dial 1-412-317-5419. A replay of the webcast will be available and can be accessed in the same manner as the live webcast at the Broadridge Investor Relations site. Through November 10, 2026, the recording will also be available by dialing 1-855-669-9658 within the United States or 1-412-317-0088 for international callers, using passcode 4349092 for either dial-in number.
Investor Day 2026
Broadridge will host an Investor Day on Tuesday, December 8, 2026 in New York City. Broadridge’s executive leadership team will give an update on the Company’s strategy and provide new three-year financial objectives. A live webcast and replay of the event will be available on Broadridge’s Investor Relations website at www.broadridge-ir.com.
3
Explanation and Reconciliation of the Company’s Use of Non-GAAP Financial Measures
The Company’s results in this press release are presented in accordance with U.S. GAAP except where otherwise noted. In certain circumstances, results have been presented that are not generally accepted accounting principles measures (“Non-GAAP”). These Non-GAAP measures are Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share, Free cash flow, Free cash flow conversion, and Recurring revenue growth constant currency. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company’s reported results.
The Company believes our Non-GAAP financial measures help investors understand how management plans, measures and evaluates the Company’s business performance. Management believes that Non-GAAP measures provide consistency in its financial reporting and facilitates investors’ understanding of the Company’s operating results and trends by providing an additional basis for comparison. Management uses these Non-GAAP financial measures to, among other things, evaluate our ongoing operations, and for internal planning and forecasting purposes. In addition, and as a consequence of the importance of these Non-GAAP financial measures in managing our business, the Company’s Compensation Committee of the Board of Directors incorporates Non-GAAP financial measures in the evaluation process for determining management compensation.
Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Earnings and Adjusted Earnings Per Share
These Non-GAAP measures reflect Operating income, Operating income margin, Net earnings, and Diluted earnings per share, and are adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items the exclusion of which management believes provides insight regarding our ongoing operating performance. Depending on the period presented, these adjusted measures exclude the impact of certain of the following items:
i.Amortization of Acquired Intangibles and Purchased Intellectual Property, which represent non-cash amortization expenses associated with the Company’s acquisition activities.
ii.Acquisition and Integration Costs, which represent certain transaction and integration costs associated with the Company’s acquisition activities.
iii.Restructuring and Other Related Costs, which represent severance related to workforce actions resulting, in part, from the Company’s AI and productivity initiatives in fiscal year 2027 and severance and other costs related to the closure of substantially all operations of a production facility in fiscal year 2026.
iv.Gains or Losses on Digital Assets, which represent the unrealized gains or losses, as applicable, related to the mark to market of the Company’s digital asset holdings and the realized and unrealized gains or losses, as applicable, associated with the Canton Digital Asset Treasury transaction.
We exclude Acquisition and Integration Costs, Restructuring and Other Related Costs, and Gains or Losses on Digital Assets, from our Adjusted Operating income (as applicable) and other adjusted earnings measures because excluding such information provides us with an understanding of the results from the primary operations of our business and enhances comparability across fiscal reporting periods, as these items are not reflective of our underlying operations or performance.
We also exclude the impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, as these non-cash amounts are significantly impacted by the timing and size of individual acquisitions and do not factor into the Company's capital allocation decisions, management compensation metrics or multi-year objectives. Furthermore, management believes that this adjustment enables better comparison of our results as Amortization of Acquired Intangibles and Purchased Intellectual Property will not recur in future periods once such intangible assets have been fully amortized. Although we exclude Amortization of Acquired Intangibles and Purchased Intellectual Property from our adjusted earnings measures, our management believes that it is important for investors to understand that these intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in the amortization of additional intangible assets.
4
Free cash flow and Free cash flow conversion
In addition to the Non-GAAP financial measures discussed above, we provide Free cash flow information because we consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated that could be used for dividends, share repurchases, strategic acquisitions, other investments, as well as debt servicing. Free cash flow is a Non-GAAP financial measure and is defined by the Company as Net cash flows provided by operating activities less Capital expenditures as well as Software purchases and capitalized internal use software. Free cash flow conversion is calculated as Free cash flow divided by Adjusted Net earnings for the given period.
Recurring revenue growth constant currency
As a multi-national company, we are subject to variability of our reported U.S. dollar results due to changes in foreign currency exchange rates. The exclusion of the impact of foreign currency exchange fluctuations from our Recurring revenue growth, or what we refer to as amounts expressed “on a constant currency basis,” is a Non-GAAP measure. We believe that excluding the impact of foreign currency exchange fluctuations from our Recurring revenue growth provides additional information that enables enhanced comparison to prior periods.
Changes in Recurring revenue growth expressed on a constant currency basis are presented excluding the impact of foreign currency exchange fluctuations. To present this information, current period results for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average exchange rates in effect during the corresponding period of the comparative year, rather than at the actual average exchange rates in effect during the current fiscal year.
Forward-Looking Statements
This press release and other written or oral statements made from time to time by representatives of Broadridge may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words such as “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be,” “on track,” and other words of similar meaning, are forward-looking statements. In particular, information appearing in the “Fiscal Year 2027 Financial Guidance” section and statements about our three-year objectives are forward-looking statements.
These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended June 30, 2026 (the “2026 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2026 Annual Report.
These risks include:
•changes in laws and regulations affecting Broadridge’s clients or the services provided by Broadridge;
•Broadridge’s reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge’s services with favorable pricing terms;
•a material security breach or cybersecurity attack affecting the information of Broadridge’s clients;
•declines in participation and activity in the securities markets;
•the failure of Broadridge's key service providers to provide the anticipated levels of service;
•a disaster or other significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services;
•overall market, economic and geopolitical conditions and their impact on the securities markets;
•the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients;
•Broadridge’s failure to keep pace with changes in technology and demands of its clients;
5
•competitive conditions;
•Broadridge’s ability to attract and retain key personnel; and
•the impact of new acquisitions and divestitures.
There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition.
Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. Our technology and operations platforms process and generate over 8 billion communications annually and underpin the daily average trading of over $18 trillion in tokenized and traditional securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing approximately 16,000 associates in 28 countries.
For more information about us, please visit www.broadridge.com.
Contact Information
Investors
broadridgeir@broadridge.com
Media
Gregg.rosenberg@broadridge.com
6
Condensed Consolidated Statements of Earnings
(Unaudited)
(Unaudited)
| In millions, except per share amounts | Three Months Ended September 30, | |||||||||||||
| 2026 | 2025 | |||||||||||||
| Revenues | $ | 1,668.7 | $ | 1,589.4 | ||||||||||
| Operating expenses: | ||||||||||||||
| Cost of revenues | 1,240.3 | 1,166.8 | ||||||||||||
| Selling, general and administrative expenses | 254.9 | 233.9 | ||||||||||||
| Total operating expenses | 1,495.2 | 1,400.7 | ||||||||||||
| Operating income | 173.5 | 188.8 | ||||||||||||
| Interest expense, net | (27.1) | (24.2) | ||||||||||||
| Other non-operating income (expenses), net | (36.7) | 48.5 | ||||||||||||
| Earnings before income taxes | 109.7 | 213.1 | ||||||||||||
| Provision for income taxes | 14.9 | 47.7 | ||||||||||||
| Net earnings | $ | 94.8 | $ | 165.4 | ||||||||||
| Basic earnings per share | $ | 0.83 | $ | 1.41 | ||||||||||
| Diluted earnings per share | $ | 0.83 | $ | 1.40 | ||||||||||
| Weighted-average shares outstanding: | ||||||||||||||
| Basic | 113.6 | 117.0 | ||||||||||||
| Diluted | 114.3 | 118.0 | ||||||||||||
Amounts may not sum due to rounding.
7
Condensed Consolidated Balance Sheets
(Unaudited)
In millions, except per share amounts | September 30, 2026 | June 30, 2026 | |||||||||||||||
| Assets | |||||||||||||||||
| Current assets: | |||||||||||||||||
| Cash and cash equivalents | $ | 284.1 | $ | 402.9 | |||||||||||||
Accounts receivable, net of allowance for doubtful accounts of $11.7 and $13.2, respectively | 1,008.7 | 1,129.4 | |||||||||||||||
| Other current assets | 245.2 | 215.8 | |||||||||||||||
| Total current assets | 1,538.1 | 1,748.1 | |||||||||||||||
| Property, plant and equipment, net | 174.1 | 174.3 | |||||||||||||||
| Goodwill | 3,768.5 | 3,787.8 | |||||||||||||||
| Intangible assets, net | 1,136.3 | 1,199.9 | |||||||||||||||
| Deferred client conversion and start-up costs | 811.2 | 819.3 | |||||||||||||||
| Other non-current assets | 1,187.0 | 1,215.9 | |||||||||||||||
| Total assets | $ | 8,615.2 | $ | 8,945.3 | |||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||
| Current liabilities: | |||||||||||||||||
| Current portion of long-term debt | $ | — | $ | — | |||||||||||||
| Payables and accrued expenses | 1,018.2 | 1,138.2 | |||||||||||||||
| Contract liabilities | 248.1 | 276.6 | |||||||||||||||
| Total current liabilities | 1,266.3 | 1,414.8 | |||||||||||||||
| Long-term debt | 3,347.1 | 3,254.6 | |||||||||||||||
| Deferred taxes | 357.0 | 387.0 | |||||||||||||||
| Contract liabilities | 296.3 | 312.8 | |||||||||||||||
| Other non-current liabilities | 734.6 | 735.5 | |||||||||||||||
| Total liabilities | 6,001.2 | 6,104.7 | |||||||||||||||
| Stockholders’ equity: | |||||||||||||||||
Preferred stock: Authorized, 25.0 shares; issued and outstanding, none | — | — | |||||||||||||||
Common stock, $0.01 par value: Authorized, 650.0 shares; issued, 154.5 and 154.5 shares, respectively; outstanding, 112.9 and 114.0 shares, respectively | 1.6 | 1.6 | |||||||||||||||
| Additional paid-in capital | 1,795.6 | 1,771.2 | |||||||||||||||
| Retained earnings | 4,524.2 | 4,553.6 | |||||||||||||||
Treasury stock, at cost: 41.6 and 40.4 shares, respectively | (3,403.4) | (3,201.7) | |||||||||||||||
| Accumulated other comprehensive income (loss) | (304.0) | (284.1) | |||||||||||||||
| Total stockholders’ equity | 2,614.0 | 2,840.5 | |||||||||||||||
| Total liabilities and stockholders’ equity | $ | 8,615.2 | $ | 8,945.3 | |||||||||||||
Amounts may not sum due to rounding.
8
Condensed Consolidated Statements of Cash Flows
(Unaudited)
In millions | Three Months Ended September 30, | ||||||||||
| 2026 | 2025 | ||||||||||
| Cash Flows From Operating Activities | |||||||||||
| Net earnings | $ | 94.8 | $ | 165.4 | |||||||
| Adjustments to reconcile net earnings to net cash flows from operating activities: | |||||||||||
| Depreciation and amortization | 36.6 | 32.7 | |||||||||
| Amortization of acquired intangibles and purchased intellectual property | 38.9 | 50.8 | |||||||||
| Amortization of other assets | 49.8 | 42.6 | |||||||||
| Write-down of long-lived assets and related charges | 0.3 | 0.9 | |||||||||
| Stock-based compensation expense | 23.2 | 15.5 | |||||||||
| Deferred income taxes | (28.0) | 20.8 | |||||||||
| Digital assets change in fair market value | 32.5 | (45.8) | |||||||||
| Other | (18.6) | (19.5) | |||||||||
| Changes in operating assets and liabilities, net of assets and liabilities acquired: | |||||||||||
| Accounts receivable, net | 130.5 | 134.8 | |||||||||
| Other current assets | 2.0 | (9.3) | |||||||||
| Payables and accrued expenses | (198.4) | (311.7) | |||||||||
| Contract liabilities | (25.1) | (5.9) | |||||||||
| Other non-current assets | (42.8) | (26.5) | |||||||||
| Other non-current liabilities | (2.8) | (2.3) | |||||||||
| Net cash flows from operating activities | 93.2 | 42.3 | |||||||||
| Cash Flows From Investing Activities | |||||||||||
| Capital expenditures | (15.3) | (15.2) | |||||||||
| Software purchases and capitalized internal use software | (1.6) | (14.4) | |||||||||
| Acquisitions, net of cash acquired | (1.3) | (55.8) | |||||||||
| Other investing activities | (2.2) | (14.6) | |||||||||
| Net cash flows from investing activities | (20.5) | (100.0) | |||||||||
| Cash Flows From Financing Activities | |||||||||||
| Debt proceeds | 502.1 | 348.5 | |||||||||
| Debt repayments | (377.9) | (321.1) | |||||||||
| Dividends paid | (111.2) | (103.1) | |||||||||
| Purchases of Treasury stock | (200.2) | (150.5) | |||||||||
| Proceeds from exercise of stock options | 1.8 | 16.2 | |||||||||
| Other financing activities | (6.9) | (4.2) | |||||||||
| Net cash flows from financing activities | (192.4) | (214.2) | |||||||||
| Effect of exchange rate changes on Cash and cash equivalents | 0.8 | 1.1 | |||||||||
| Net change in Cash and cash equivalents | (118.8) | (270.8) | |||||||||
| Cash and cash equivalents, beginning of period | 402.9 | 561.5 | |||||||||
| Cash and cash equivalents, end of period | $ | 284.1 | $ | 290.7 | |||||||
Amounts may not sum due to rounding.
9
Segment Results
(Unaudited)
| In millions | Three Months Ended September 30, | ||||||||||
| 2026 | 2025 | ||||||||||
| Revenues | |||||||||||
| Investor Communication Solutions | $ | 1,153.2 | $ | 1,130.0 | |||||||
| Global Technology and Operations | 515.5 | 459.5 | |||||||||
| Total | $ | 1,668.7 | $ | 1,589.4 | |||||||
| Earnings before Income Taxes | |||||||||||
| Investor Communication Solutions | $ | 103.9 | $ | 126.4 | |||||||
| Global Technology and Operations | 98.6 | 67.3 | |||||||||
| Other | (92.8) | 19.3 | |||||||||
| Total | $ | 109.7 | $ | 213.1 | |||||||
| Pre-tax margins: | |||||||||||
| Investor Communication Solutions | 9.0 | % | 11.2 | % | |||||||
| Global Technology and Operations | 19.1 | % | 14.6 | % | |||||||
| Amortization of acquired intangibles and purchased intellectual property | |||||||||||
| Investor Communication Solutions | $ | 6.2 | $ | 9.8 | |||||||
| Global Technology and Operations | 32.8 | 41.0 | |||||||||
| Total | $ | 38.9 | $ | 50.8 | |||||||
Amounts may not sum due to rounding.
10
Supplemental Reporting Detail - Additional Product Line Reporting
(Unaudited)
| In millions | Three Months Ended September 30, | ||||||||||||||||
| 2026 | 2025 | Change | |||||||||||||||
| Investor Communication Solutions | |||||||||||||||||
Regulatory | $ | 230.3 | $ | 197.2 | 17 | % | |||||||||||
Data-driven fund solutions | 121.6 | 111.0 | 10 | % | |||||||||||||
Issuer | 34.0 | 32.7 | 4 | % | |||||||||||||
Customer communications | 181.6 | 177.1 | 3 | % | |||||||||||||
| Total ICS Recurring revenues | 567.6 | 518.0 | 10 | % | |||||||||||||
| Equity and other | 33.8 | 24.0 | 41 | % | |||||||||||||
| Mutual funds | 33.6 | 89.8 | (63 | %) | |||||||||||||
| Total ICS Event-driven revenues | 67.4 | 113.8 | (41 | %) | |||||||||||||
| Distribution revenues | 518.2 | 498.1 | 4 | % | |||||||||||||
| Total ICS Revenues | $ | 1,153.2 | $ | 1,130.0 | 2 | % | |||||||||||
| Global Technology and Operations | |||||||||||||||||
Capital markets | $ | 327.2 | $ | 280.7 | 17 | % | |||||||||||
Wealth and investment management | 188.3 | 178.8 | 5 | % | |||||||||||||
| Total GTO Recurring revenues | 515.5 | 459.5 | 12 | % | |||||||||||||
| Total Revenues | $ | 1,668.7 | $ | 1,589.4 | 5 | % | |||||||||||
| Revenues by Type | |||||||||||||||||
| Recurring revenues | $ | 1,083.1 | $ | 977.5 | 11 | % | |||||||||||
| Event-driven revenues | 67.4 | 113.8 | (41 | %) | |||||||||||||
| Distribution revenues | 518.2 | 498.1 | 4 | % | |||||||||||||
| Total Revenues | $ | 1,668.7 | $ | 1,589.4 | 5 | % | |||||||||||
Amounts may not sum due to rounding.
11
Select Operating Metrics
(Unaudited)
| In millions | Three Months Ended September 30, | ||||||||||||||||
| 2026 | 2025 | Change | |||||||||||||||
Closed sales (a) | $ | 35.6 | $ | 32.5 | 10 | % | |||||||||||
Position Growth (b) | |||||||||||||||||
| Equity positions | 16 | % | 12 | % | |||||||||||||
| Equity revenue positions | 11 | % | 7 | % | |||||||||||||
| Mutual fund / ETF positions | 16 | % | 2 | % | |||||||||||||
Internal Trade Growth (c) | 7 | % | 17 | % | |||||||||||||
| Amounts may not sum due to rounding. | |||||||||||||||||
(a) Refer to the “Results of Operations” section of Broadridge’s Form 10-K for a description of Closed sales and its calculation.
(b) Position Growth is comprised of “equity position growth” and “mutual fund/ETF position growth.” Equity position growth measures the estimated annual change in positions eligible for equity proxy materials. Equity revenue position growth excludes small or fractional equity positions for which the Company does not recognize revenue (“non-revenue positions”). Mutual fund/ETF position growth measures the estimated change in mutual fund and exchange traded fund positions eligible for interim communications. These metrics are calculated from equity proxy and mutual fund/ETF position data reported to Broadridge for the same issuers or funds in both the current and prior year periods.
(c) Represents the estimated change in daily average trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge’s trading platforms in both the current and prior year periods.
12
Reconciliation of Non-GAAP to GAAP Measures
(Unaudited)
| In millions, except per share amounts | Three Months Ended September 30, | ||||||||||
| 2026 | 2025 | ||||||||||
| Reconciliation of Adjusted Operating Income | |||||||||||
| Operating income (GAAP) | $ | 173.5 | $ | 188.8 | |||||||
| Adjustments: | |||||||||||
| Amortization of Acquired Intangibles and Purchased Intellectual Property | 38.9 | 50.8 | |||||||||
| Acquisition and Integration Costs | 1.9 | 7.2 | |||||||||
Restructuring and Other Related Costs (a) | 15.2 | 4.4 | |||||||||
| Adjusted Operating income (Non-GAAP) | $ | 229.6 | $ | 251.2 | |||||||
| Operating income margin (GAAP) | 10.4% | 11.9% | |||||||||
| Adjusted Operating income margin (Non-GAAP) | 13.8% | 15.8% | |||||||||
| Reconciliation of Adjusted Net earnings | |||||||||||
| Net earnings (GAAP) | $ | 94.8 | $ | 165.4 | |||||||
| Adjustments: | |||||||||||
| Amortization of Acquired Intangibles and Purchased Intellectual Property | 38.9 | 50.8 | |||||||||
| Acquisition and Integration Costs | 1.9 | 7.2 | |||||||||
Restructuring and Other Related Costs (a) | 15.2 | 4.4 | |||||||||
| Gains or Losses on Digital Assets | 40.2 | (45.8) | |||||||||
| Subtotal of adjustments | 96.3 | 16.6 | |||||||||
Tax impact of adjustments (b) | (13.2) | (3.9) | |||||||||
| Adjusted Net earnings (Non-GAAP) | $ | 177.9 | $ | 178.1 | |||||||
| Reconciliation of Adjusted EPS | |||||||||||
| Diluted earnings per share (GAAP) | $ | 0.83 | $ | 1.40 | |||||||
| Adjustments: | |||||||||||
| Amortization of Acquired Intangibles and Purchased Intellectual Property | 0.34 | 0.43 | |||||||||
| Acquisition and Integration Costs | 0.02 | 0.06 | |||||||||
Restructuring and Other Related Costs (a) | 0.13 | 0.04 | |||||||||
| Gains or Losses on Digital Assets | 0.35 | (0.39) | |||||||||
| Subtotal of adjustments | 0.84 | 0.14 | |||||||||
Tax impact of adjustments (b) | (0.12) | (0.03) | |||||||||
| Adjusted earnings per share (Non-GAAP) | $ | 1.56 | $ | 1.51 | |||||||
| Three Months Ended September 30, | |||||||||||
| 2026 | 2025 | ||||||||||
| Reconciliation of Free cash flow | |||||||||||
| Net cash flows from operating activities (GAAP) | $ | 93.2 | $ | 42.3 | |||||||
| Capital expenditures and Software purchases and capitalized internal use software | (16.9) | (29.6) | |||||||||
| Free cash flow (Non-GAAP) | $ | 76.3 | $ | 12.7 | |||||||
13
(a) Restructuring and Other Related Costs for the three months ended September 30, 2026 represent severance related to workforce actions resulting, in part, from the Company’s AI and productivity initiatives. The Company continues to evaluate expanding these actions as it investigates additional AI and other productivity initiatives.
Restructuring and Other Related Costs for the three months ended September 30, 2025 consist of severance and other costs related to the closure of substantially all operations of a production facility. Actions and associated costs related to the closure were completed in the third quarter of fiscal year 2026.
Costs incurred are not reflected in segment profit and are recorded within Corporate and Other.
(b) Calculated using the GAAP effective tax rate, adjusted to exclude $0.1 million and $1.9 million of excess tax benefits associated with stock-based compensation for the three months ended September 30, 2026, and 2025, respectively. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis.
| Reconciliation of Recurring Revenue Growth Constant Currency | |||||||||||||||||||||||||||||
| Three Months Ended September 30, 2026 | |||||||||||||||||||||||||||||
| Investor Communication Solutions | Regulatory | Data-Driven Fund Solutions | Issuer | Customer Comms. | Total | ||||||||||||||||||||||||
| Recurring revenue growth (GAAP) | 17 | % | 10 | % | 4 | % | 3 | % | 10 | % | |||||||||||||||||||
| Impact of foreign currency exchange | 0 | % | 0 | % | 0 | % | 0 | % | 0 | % | |||||||||||||||||||
| Recurring revenue growth constant currency (Non-GAAP) | 17 | % | 10 | % | 4 | % | 3 | % | 10 | % | |||||||||||||||||||
| Three Months Ended September 30, 2026 | |||||||||||||||||
| Global Technology and Operations | Capital Markets | Wealth and Investment Management | Total | ||||||||||||||
| Recurring revenue growth (GAAP) | 17 | % | 5 | % | 12 | % | |||||||||||
| Impact of foreign currency exchange | 0 | % | 1 | % | 0 | % | |||||||||||
| Recurring revenue growth constant currency (Non-GAAP) | 17 | % | 6 | % | 13 | % | |||||||||||
| Three Months Ended September 30, 2026 | |||||
| Consolidated | Total | ||||
| Recurring revenue growth (GAAP) | 11 | % | |||
| Impact of foreign currency exchange | 0 | % | |||
| Recurring revenue growth constant currency (Non-GAAP) | 11 | % | |||
Amounts may not sum due to rounding.
14
Fiscal Year 2027 Guidance
Reconciliation of Non-GAAP to GAAP Measures
Adjusted Earnings Per Share Growth, Adjusted Operating Income Margin, and Free Cash Flow Conversion
| FY27 Recurring revenue growth | ||||||||
Impact of foreign currency exchange (a) | (0%) - 0% | |||||||
| Recurring revenue growth constant currency (Non-GAAP) | 6 - 8% | |||||||
FY27 Adjusted Operating income margin (b)(e) | ||||||||
| Operating income margin % (GAAP) | ~19% | |||||||
| Adjusted Operating income margin % (Non-GAAP) | ~21% | |||||||
FY27 Adjusted earnings per share growth rate (c)(e) | ||||||||
| Diluted earnings per share (GAAP) | (8%) - (4%) | |||||||
| Adjusted earnings per share (Non-GAAP) | 8 - 12% | |||||||
FY27 Free cash flow conversion (d) | ||||||||
| Cash flow from operating activities relative to net earnings (GAAP) | 100% + | |||||||
| Free cash flow conversion rate (Non-GAAP) | 100% + | |||||||
(a) Based on forward rates as of October 2026.
(b) Adjusted Operating income margin guidance (Non-GAAP) is adjusted to exclude the approximately $191 million impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Restructuring and Other Related Costs.
(c) Adjusted earnings per share growth guidance (Non-GAAP) is adjusted to exclude the approximately $1.60 per share impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Restructuring and Other Related Costs, and is calculated using diluted shares outstanding.
(d) Free cash flow conversion guidance (Non-GAAP) is adjusted to exclude approximately $123 million of Capital expenditures as well as Software purchases and capitalized internal use software.
(e) Excludes Gains and Losses on Digital Assets as they are not capable of being forecasted.
15
Powering and transforming financial markets Earnings Conference Call Fiscal First Quarter 2027 November 3, 2026 EXHIBIT 99.2
1 Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives of Broadridge Financial Solutions, Inc. ("Broadridge" or the "Company") contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words such as “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be,” “on track,” and other words of similar meaning are forward-looking statements. In particular, information appearing in the “Fiscal Year 2027 Guidance” section and statements about our three-year objectives are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, “Item 1A. Risk Factors” of the Annual Report on Form 10-K for the year ended June 30, 2026 (the “2026 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this presentation and are expressly qualified in their entirety by reference to the factors discussed in the 2026 Annual Report. These risks include: • Changes in laws and regulations affecting Broadridge’s clients or the services provided by Broadridge; • Broadridge’s reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge’s services with favorable pricing terms; • A material security breach or cybersecurity attack affecting the information of Broadridge's clients; • Declines in participation and activity in the securities markets; • The failure of Broadridge's key service providers to provide the anticipated levels of service; • A disaster or other significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services; • Overall market, economic and geopolitical conditions and their impact on the securities markets; • The success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; • Broadridge’s failure to keep pace with changes in technology and demands of its clients; • Competitive conditions; • Broadridge’s ability to attract and retain key personnel; and • The impact of new acquisitions and divestitures. There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition. Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
2 Use of Non-GAAP financial measures, KPIs and foreign exchange rates Use of Non-GAAP Financial Measures This presentation includes certain Non-GAAP financial measures including Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share (“EPS”), Free cash flow, Free cash flow conversion, and Recurring revenue growth constant currency. Please see the “Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non-GAAP Measures” section of this presentation for more information on Broadridge’s use of Non-GAAP measures and reconciliations to GAAP measures. Key Performance Indicators Management focuses on a variety of key indicators to plan, measure and evaluate the Company’s business and financial performance. These performance indicators include Revenues and Recurring revenue, as well as Non-GAAP measures of Adjusted Operating income, Adjusted Net earnings, Adjusted EPS, Free cash flow, Free cash flow conversion, Recurring revenue growth constant currency, and Closed sales. In addition, management focuses on select operating metrics specific to Broadridge of Position Growth, which is comprised of equity position growth and mutual fund/ETF position growth, and Internal Trade Growth. Beginning in the fourth quarter of fiscal year 2025, the Company began presenting information on “equity revenue position growth”. Equity revenue position growth excludes small or fractional equity positions for which the Company does not recognize revenue (“non-revenue positions”). Prior-year period comparative information for this metric is not available. Please refer to Item 7. Management’s Discussion and Analysis of Financial Condition of the 2026 Annual Report for a discussion of Revenues, Recurring revenue, Position Growth and Internal Trade Growth in the “Key Performance Indicators” section and the “Results of Operations” section for a description of Closed sales. Foreign Exchange Rates Beginning with the first quarter of fiscal year 2023, the Company changed reporting for segment revenues, segment earnings (loss) before income taxes, segment amortization of acquired intangibles and purchased intellectual property, and Closed sales to reflect the impact of actual foreign exchange rates applicable to the individual periods presented. The presentation of these metrics for the prior periods has been changed to conform to the current period presentation. Total consolidated revenues and earnings before income taxes were not impacted. Notes on Presentation Amounts presented in this presentation may not sum due to rounding. All FY’25 and FY’26 Recurring revenue dollar amounts shown in this presentation are GAAP. Recurring revenue growth percentages for FY’23, FY’24, FY’25, and FY’26, and FY’27 Guidance, are shown as constant currency (Non-GAAP). Recurring revenue growth percentages for FY’22 are calculated based on constant foreign currency exchange rates used for internal management reporting as described in the Company’s segment footnote within its Form 10-K for that respective year. Use of Material Contained Herein The information contained in this presentation is being provided for your convenience and information only. This information is accurate as of the date of its initial presentation. If you plan to use this information for any purpose, verification of its continued accuracy is your responsibility. Broadridge assumes no duty to update or revise the information contained in this presentation.
3 Key messages Broadridge delivered strong Q1’27 results, including 11% Recurring revenue growth constant currency and 10% growth in Closed sales We are executing on our strategy of democratizing and digitizing governance, simplifying and innovating capital markets, and modernizing wealth management Broadridge is putting in place the building blocks of future growth by driving digital engagement, accelerating tokenization, and scaling agentic AI across our business We put our strong free cash flow to work, repurchasing $200 million of our shares and returning an additional $111 million through our dividend We are reaffirming our fiscal year 2027 guidance, including 6-8% Recurring revenue growth constant currency, 8-12% Adjusted EPS growth, and 100%+ Free cash flow conversion 1 2 3 4 5
4 Broadridge is executing across Governance, Capital Markets, and Wealth & Investment Management Governance Capital Markets Wealth & Investment Mgmt. $568M +10% YoY $327M +17% YoY $188M +6% YoY • Investor participation trends included continued strong growth in equity positions and accelerating fund position growth • MOU with Korean Securities Deposit highlights growing global demand for Broadridge’s proxy services • On track to enable 23x5 trading across front and back-office applications • CQG acquisition in capital markets is progressing well and generating cross-sales for our Capital Markets business • Wealth business benefiting from strong demand in Canada • Closed sales increased 10% to $36 million Recurring revenue $ in millions. Growth rates in constant currency. Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 27 Q1’27 Highlights
5 Leading Tokenization Driving Digital Engagement • Goldman Sachs and Tesla among newest clients for our Standing Voting Instructions capability, simplifying retail voting and engagement • SEC paves the way to extend Standing Voting Instructions to fund elections • Engaging with clients on implementing SEC’s proposed E- Delivery rule • Bringing governance and digital transfer agency capabilities to the NYSE’s alternative trading system for digital assets • Extending shareholder rights and proxy voting to Kraken/ Payward • DLR now supports cross-border atomic settlement for G7 securities • Launched DLX, our multi-asset end-to-end tokenization platform, live supporting the DTCC Tokenization Service Broadridge is building the markets of the future Scaling AI • Extending Client Policy Engine to new asset management clients • Signed an agreement with a major consulting firm to replace its in-house platform with our AI-powered Global Demand Model • On track to achieve $25 million in fiscal 2027 AI savings
6 Summary financial results FIRST QUARTER $ in millions, except per share data 2027 2026 Inc./(Dec.) Recurring revenues $1,083 $977 11% Total revenues 1,669 1,589 5% Operating income 174 189 (8%) Adjusted Operating income (Non-GAAP) 230 251 (9%) Diluted earnings per share $0.83 $1.40 (41%) Adjusted earnings per share (Non-GAAP) $1.56 $1.51 3% Closed sales $36 $33 10% Constant currency growth (Non-GAAP) 11% Adjusted Operating income margin (Non-GAAP) 13.8% 15.8% (200 bps) Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 27
7 First quarter 2027 segment Recurring revenues $182 $34 $122 $230 Q1'26 Q1'27 Regulatory Customer Comms. Data-Driven Fund Solutions Issuer 4% 3% 10% 17% ICS RECURRING REVENUES GTO RECURRING REVENUES $568 $ in millions; growth in constant currency +10% +13% Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 27 $188 $327 Q1'26 Q1'27 Capital Markets Wealth & Investment Management $516 17% 6%
8 3% 11% 15% 18% 12% 17% 15% 17% 16% 11% 14% 7% 11% 11% 14% 11% 6% 5% 6% 7% 2% 15% 6% 7% 16% Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 Key volume drivers: position and trade growth 10% 13% 14% 14% 17% 11% 16% 15% 7%INTERNAL TRADE GROWTH EQUITY & MUTUAL FUND/ETF POSITION GROWTH 1. Q1’26 equity position growth represented 6% of total fiscal year 2026 positions. Q2’26: 9% | Q3’26: 29% | Q4’26: 57% 2. Represents equity position growth that is revenue-generating and excludes the growth of fractional non-revenue positions. 3. Reflects position growth processed in the same time period of both years. Therefore, quarterly and annual data may not align. 4. Represents the estimated change in daily trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge’s trading platforms in both the current and prior year periods. FY’24 FY’25 FY’26 10Y Avg. Equity 6% 16% 16% 13% Equity Revenue N/A 12% 12% N/A MF / ETF 3% 7% 6% 7% Internal Trade Growth 13% 13% 15% 9% 1,3 2,3 3 4
9 $977 Q1'26 Recurring Revenues Closed Sales Client Losses Internal Growth Acquisitions Q1'27 Rec. Rev. Constant Currency FX Q1'27 Recurring Revenues RECURRING REVENUE GROWTH CONSTANT CURRENCY WAS 11% First quarter 2027 Recurring revenue growth drivers ICS $518M 4 pts (2) pts 6 pts 1 pt 10% (0) pts $568M GTO $459M 4 pts (3) pts 8 pts 3 pts 13% (0) pts $516M 4 pts (2) pts 7 pts 2 pts 11% (0) pts 11% Organic Growth: 8 pts $ in millions. Pts contribution to growth Organic Growth: 10 pts Organic Growth: 9 pts $1,083
10 $63 $125 $53 $79 $114 $91 $73 $71 $67 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 Q4'26 Q1'27 FIRST QUARTER 2027 TOTAL REVENUE GROWTH DRIVERS First quarter 2027 Total revenue growth drivers QUARTERLY EVENT-DRIVEN REVENUES $ in millions. Pts contribution to growth $1,589 Q1'26 Total Revenues Recurring Event-Driven Distribution FX Q1'27 Total Revenues 7 pts (3) pts 1 pt 5% (0) pts $1,669 $66M FY’20-FY’26 QUARTERLY AVERAGE
11 Operating income margin and Adjusted Operating income margin 10.4%11.9% Q1'26 Q1'27 OPERATING INCOME MARGIN ADJUSTED OPERATING INCOME MARGIN (NON- GAAP) 13.8% 15.8% Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 27 Q1’27 OPERATING INCOME FISCAL YEAR OPERATING INCOME 18.7% 19.8% 20.0% 20.5% FY'22 FY'23 FY'24 FY'25 FY'26 +110 bps +20 bps +50 bps 20.5% +60 bps +0 bps 13.3% 15.4% 15.6% 17.3% 17.4%
12 $6.46 $7.01 $7.73 $8.55 FY'22 FY'23 FY'24 FY'25 FY'26 FY'27 Guidance Earnings per share and Adjusted earnings per share $5.86 $7.10 $9.60$0.83$1.40 Q1'26 Q1'27 +9% +10% EARNINGS PER SHARE ADJUSTED EARNINGS PER SHARE (NON- GAAP) $1.56 +11% $1.51 Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 27 +12% Q1’27 EARNINGS PER SHARE FISCAL YEAR EARNINGS PER SHARE $9.60 $5.30$4.55 +14% 8% – 12%
13 FY'22 FY'23 FY'24 FY'25 FY'26 FY'27 Guidance Closed sales $ in millions $342 Q1'26 Q1'27 $33 $36 $288 CLOSED SALES $280 $290 – $330 $246 $305
14 FY'22 FY'23 FY'24 FY'25 FY'26 FY'27 Guidance 100%+ Free cash flow $ in millions $13 $76 Q1'26 Q1'27 Q1’27 FREE CASH FLOW FISCAL YEAR FREE CASH FLOW CONVERSION 1. Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 27 2. Free cash flow conversion equals annual Free cash flow divided by Adjusted Net earnings 1 2 48% 90% 102% 104% 110%
15 $111 $198 FY'22 FY'23 FY'24 FY'25 FY'26 FY'27 (E) SELECT CAPITAL ITEMS Q1’27 Capital allocation $ in millions, except per share data 2 1 TOTAL CAPITAL RETURNS $2.56 $2.90 $3.20 $3.52 $3.90 $4.36 11% 13% 10% 10% 11% 12% DIVIDENDS PER SHARE 6 $312 $253 $781 4 $475 YTD Net Share Repurchases YTD Dividends Paid $1,025 $20 $17 $3 $185 CapEx and Software Client Platform Investments M&A / Strategic investments Value of Digital Assets3 1. Includes Software purchases and capitalized internal use software. 2. Net investments on new client conversions, including development of platform capabilities. 3. As of September 30, 2026, Broadridge holds $185 million of Canton coins valued at $0.12 cents per coin and common stock and warrants in Canton Strategic Holdings, Inc. valued at $41 million. During Q1 FY’27, Broadridge recognized a $40 million loss related to the value of its Canton coin holdings, which was excluded from its calculation of Adjusted EPS. 4. Total capital returns include dividends and share repurchases net of option proceeds. FY’27 annual dividend amount subject to Board declaration. $41 CNTN DATCanton Coins $226
16 Fiscal Year 2027 guidance FY’27 GUIDANCE UPDATES Recurring revenue growth constant currency (Non-GAAP) 6 – 8% No Change Adjusted Operating income margin (Non-GAAP) ~21% No Change Adjusted earnings per share growth (Non-GAAP) 8 – 12% No Change Free cash flow conversion (Non-GAAP) 100%+ No Change Closed sales $290 – $330M No Change
Save the Date - Broadridge’s Investor Day Broadridge will host its Investor Day on December 8, 2026 in New York City
Appendix
19 Supplemental reporting detail ‒ product line reporting (Unaudited) 2025 2026 2027 YoY % Dollars in millions FY Q1 Q2 Q3 Q4 FY Q1 Growth Investor Communication Solutions ("ICS") Regulatory $1,281 $197 $249 $399 $590 $1,435 $230 17% Data-driven fund solutions 459 111 113 126 130 480 122 10% Issuer 273 33 39 65 158 295 34 4% Customer communications 719 177 189 209 177 753 182 3% Total ICS Recurring revenues 2,732 518 590 800 1,055 2,962 568 10% Equity and other 115 24 39 40 40 143 34 41% Mutual funds 204 90 51 32 31 205 34 (63%) Total ICS Event-driven revenues 319 114 91 73 71 348 67 (41%) Distribution revenues 2,062 498 553 593 606 2,251 518 4% Total ICS Revenues $5,113 $1,130 $1,233 $1,465 $1,732 $5,561 $1,153 2% Global Technology and Operations (“GTO”) Capital markets $1,115 $281 $301 $295 $307 $1,184 $327 17% Wealth and investment management 661 179 180 193 180 732 188 5% Total GTO Recurring revenues $1,776 $459 $481 $488 $488 $1,916 $516 12% Total Revenues $6,889 $1,589 $1,714 $1,954 $2,220 $7,477 $1,669 5% Revenues by type Recurring revenues $4,508 $977 $1,070 $1,288 $1,542 $4,878 $1,083 11% Event-driven revenues 319 114 91 73 71 348 67 (41%) Distribution revenues 2,062 498 553 593 606 2,251 518 4% Total Revenues $6,889 $1,589 $1,714 $1,954 $2,220 $7,477 $1,669 5%
Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non- GAAP Measures
21 Non-GAAP measures Explanation and Reconciliation of the Company’s Use of Non-GAAP Financial Measures The Company’s results in this presentation are presented in accordance with U.S. generally accepted accounting principles ("GAAP") except where otherwise noted. In certain circumstances, results have been presented that are not generally accepted accounting principles measures (“Non-GAAP”). These Non-GAAP measures are Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share, Free cash flow, Free cash flow conversion, and Recurring revenue growth constant currency. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company’s reported results. The Company believes our Non-GAAP financial measures help investors understand how management plans, measures and evaluates the Company’s business performance. Management believes that Non-GAAP measures provide consistency in its financial reporting and facilitates investors’ understanding of the Company’s operating results and trends by providing an additional basis for comparison. Management uses these Non-GAAP financial measures to, among other things, evaluate our ongoing operations, and for internal planning and forecasting purposes. In addition, and as a consequence of the importance of these Non-GAAP financial measures in managing our business, the Company’s Compensation Committee of the Board of Directors incorporates Non-GAAP financial measures in the evaluation process for determining management compensation. Reconciliations of Non-GAAP measures to the most directly comparable financial measures presented in accordance with GAAP can be found in the tables that are part of this presentation. Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Earnings, Adjusted Earnings Per Share, and Free Cash Flow These Non-GAAP measures reflect Operating income, Operating income margin, Net earnings, and Diluted earnings per share, and are adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items, the exclusion of which management believes provides insight regarding our ongoing operating performance. Depending on the period presented, these adjusted measures exclude the impact of certain of the following items: (i) Amortization of Acquired Intangibles and Purchased Intellectual Property, which represent non-cash amortization expenses associated with the Company's acquisition activities. (ii) Acquisition and Integration Costs, which represent certain transaction and integration costs associated with the Company’s acquisition activities. (iii) Restructuring and Other Related Costs, which represent severance related to workforce actions resulting, in part, from the Company’s AI and productivity initiatives in fiscal year 2027, severance and other costs related to the closure of substantially all operations of a production facility in fiscal year 2026, and costs associated with the Company′s Corporate Restructuring Initiative to exit and/or realign some of our businesses, streamline the Company′s management structure, reallocate work to lower cost locations, and reduce headcount in deprioritized areas in fiscal years 2025, 2024, and 2023. (iv) Gains or Losses on Digital Assets, which represent the unrealized gains or losses, as applicable, related to the mark to market of the Company's digital asset holdings and the realized and unrealized gains or losses, as applicable, associated with the Canton Digital Asset Treasury transaction. (v) Litigation Settlement Charges, which represent the reserve established during the third and fourth quarter of fiscal year 2024 related to the settlement of claims. (vi) Russia-Related Exit Costs, which are direct and incremental costs associated with the Company’s wind down of business activities in Russia in response to Russia’s invasion of Ukraine, including relocation-related expenses of impacted associates. (vii) Real Estate Realignment and Covid-19 Related Expenses. Real Estate Realignment Expenses are expenses associated with the exit of certain of the Company’s leased facilities in response to the Covid-19 pandemic, which consist of the impairment of certain right of use assets, leasehold improvements and equipment, as well as other related facility exit expenses directly resulting from, and attributable to, the exit of these leased facilities. Covid-19 Related Expense are direct and incremental expenses incurred by the Company to protect the health and safety of Broadridge associates during the Covid-19 outbreak, including expenses associated with monitoring the temperatures for associates entering our facilities, enhancing the safety of our office environment in preparation for workers to return to Company facilities on a more regular basis, ensuring proper social distancing in our production facilities, personal protective equipment, enhanced cleaning measures in our facilities, and other safety related expenses (viii) Investment Gains, which represent non-operating, non-cash gains on privately held investments.
22 Non-GAAP measures We exclude Acquisition and Integration Costs, Restructuring and Other Related Costs, Gains or Losses on Digital Assets, Litigation Settlement Charges, Russia-Related Exit Costs, Real Estate Realignment and Covid-19 Related Expenses, and Investment Gains from our Adjusted Operating income (as applicable) and other adjusted earnings measures because excluding such information provides us with an understanding of the results from the primary operations of our business and enhances comparability across fiscal reporting periods, as these items are not reflective of our underlying operations or performance. We also exclude the impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, as these non-cash amounts are significantly impacted by the timing and size of individual acquisitions and do not factor into the Company's capital allocation decisions, management compensation metrics or multi-year objectives. Furthermore, management believes that this adjustment enables better comparison of our results as Amortization of Acquired Intangibles and Purchased Intellectual Property will not recur in future periods once such intangible assets have been fully amortized. Although we exclude Amortization of Acquired Intangibles and Purchased Intellectual Property from our adjusted earnings measures, our management believes that it is important for investors to understand that these intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in the amortization of additional intangible assets. Free cash flow and Free cash flow conversion In addition to the Non-GAAP financial measures discussed above, we provide Free cash flow information because we consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated that could be used for dividends, share repurchases, strategic acquisitions, other investments, as well as debt servicing. Free cash flow is a Non-GAAP financial measure and is defined by the Company as Net cash flows provided by operating activities plus Proceeds from asset sales, less Capital expenditures as well as Software purchases and capitalized internal use software. Free cash flow conversion is calculated as Free cash flow divided by Adjusted Net earnings for the given period. Recurring revenue growth constant currency As a multi-national company, we are subject to variability of our reported U.S. dollar results due to changes in foreign currency exchange rates. The exclusion of the impact of foreign currency exchange fluctuations from our Recurring revenue growth, or what we refer to as amounts expressed “on a constant currency basis”, is a Non-GAAP measure. We believe that excluding the impact of foreign currency exchange fluctuations from our Recurring revenue growth provides additional information that enables enhanced comparison to prior periods. Changes in Recurring revenue growth expressed on a constant currency basis are presented excluding the impact of foreign currency exchange fluctuations. To present this information, current period results for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average exchange rates in effect during the corresponding period of the comparative year, rather than at the actual average exchange rates in effect during the current fiscal year. Reconciliations of such Non-GAAP measures to the most directly comparable financial measures presented in accordance with GAAP can be found in the tables that are part of this presentation.
23 Reconciliation of GAAP to Non-GAAP measures (Unaudited) Global Technology and Operations Capital Markets Wealth and Investment Management Total Recurring revenue growth (GAAP) 17% 5% 12% Impact of foreign currency exchange 0% 1% 0% Recurring revenue growth constant currency (Non-GAAP) 17% 6% 13% Three Months Ended September 30, 2026 Investor Communication Solutions Regulatory Data-Driven Fund Solutions Issuer Customer Comms. Total Recurring revenue growth (GAAP) 17% 10% 4% 3% 10% Impact of foreign currency exchange 0% 0% 0% 0% 0% Recurring revenue growth constant currency (Non-GAAP) 17% 10% 4% 3% 10% Consolidated Total Recurring revenue growth (GAAP) 11% Impact of foreign currency exchange 0% Recurring revenue growth constant currency (Non-GAAP) 11%
24 (Unaudited) Three Months Ended September 30, Fiscal Year Ended June 30, Dollars in millions 2026 2025 2026 2025 2024 2023 2022 Operating income (GAAP) $173.5 $188.8 $1,300.6 $1,188.6 $1,017.1 $936.4 $759.9 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 38.9 50.8 203.6 196.6 200.3 214.4 250.2 Acquisition and Integration Costs 1.9 7.2 17.5 18.3 3.9 15.8 24.5 Restructuring and other Related Costs (a) 15.2 4.4 13.2 7.4 63.0 20.4 — Litigation Settlement Charges — — — — 18.4 — — Russia-Related Exit Costs (b) — — — — — 12.1 1.4 Real Estate Realignment and Covid-19 Related Expenses (c) — — — — — — 30.5 Adjusted Operating income (Non-GAAP) $229.6 $251.2 $1,534.8 $1,410.9 $1,302.8 $1,199.1 $1,066.4 Operating income margin (GAAP) 10.4% 11.9% 17.4% 17.3% 15.6% 15.4% 13.3% Adjusted Operating income margin (Non-GAAP) 13.8% 15.8% 20.5% 20.5% 20.0% 19.8% 18.7% (a) Restructuring and Other Related Costs for the three months ended September 30, 2026 represent severance related to workforce actions resulting, in part, from the Company's AI and productivity initiatives. The Company continues to evaluate expanding these actions as it investigates additional AI and other productivity initiatives. Restructuring and Other Related Costs for the three months ended September 30, 2025 and the fiscal years ended June 30, 2026 and 2025 consist of severance and other costs related to the closure of substantially all operations of a production facility. Actions and associated costs related to the closure were completed in the third quarter of fiscal year 2026. Restructuring and Other Related Costs for the fiscal year ended June 30, 2024 includes $56.0 million of severance and professional services costs directly related to the Corporate Restructuring Initiative and a $7.0 million asset impairment charge as a result of the exit of a business in connection with the Corporate Restructuring Initiative. Restructuring and Other Related Costs for the fiscal year ended June 30, 2023 includes $20.4 million of severance costs. Costs incurred are not reflected in segment profit and are recorded within Corporate and Other. (b) Russia-Related Exit Costs were $10.9 million and $1.4 million for the fiscal years ended June 30, 2023 and June 30, 2022, comprised of $12.1 million of operating expenses, offset by a gain of $1.2 million in non-operating income for the fiscal year ended June 30, 2023, and $1.4 million of operating expenses for the fiscal year ended June 30, 2022. (c) Real Estate Realignment Expenses were $23.0 million and Covid-19 Related Expenses were $7.5 million for the fiscal year ended June 30, 2022. Reconciliation of GAAP to Non-GAAP measures
25 (Unaudited) Three Months Ended September 30, Fiscal Year Ended June 30, Dollars in millions 2026 2025 2026 2025 2024 2023 2022 Net cash flows from operating activities (GAAP) $ 93.2 $ 42.3 $ 1,345.6 $1,171.3 $1,056.2 $823.3 $443.5 Capital expenditures and Software purchases and capitalized internal use software (16.9) (29.6) (112.6) (114.9) (113.0) (75.2) (73.1) Free cash flow (Non-GAAP) $ 76.3 $ 12.7 $ 1,233.0 $1,056.4 $943.2 $748.2 $370.4 Three Months Ended September 30, Fiscal Year Ended June 30, Dollars in millions 2026 2025 2026 2025 2024 2023 2022 Net earnings (GAAP) $94.8 $165.4 $1,124.3 $839.5 $698.1 $630.6 $539.1 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 38.9 50.8 203.6 196.6 200.3 214.4 250.2 Acquisition and Integration Costs 1.9 7.2 17.5 18.3 3.9 15.8 24.5 Restructuring and Other Related Costs (a) 15.2 4.4 13.2 7.4 63.0 20.4 — Gains or Losses on Digital Assets 40.2 (45.8) (227.0) — — — — Litigation Settlement Charges — — — — 18.4 — — Russia-Related Exit Costs (b) — — — — — 10.9 1.4 Real Estate Realignment and Covid-19 Related Expenses (c) — — — — — — 30.5 Investment Gains — — (7.3) — — — (14.2) Subtotal of adjustments 96.3 16.6 (0.1) 222.3 285.6 261.6 292.3 Tax impact of adjustments (d) (13.2) (3.9) 0.0 (50.4) (62.6) (57.5) (65.7) Adjusted Net earnings (Non-GAAP) $177.9 $178.1 $1,124.2 $1,011.5 $921.2 $834.6 $765.7 LTM Free cash flow conversion (Non-GAAP) (e) 110 % 104 % 102 % 90 % 48 % (a) Restructuring and Other Related Costs for the three months ended September 30, 2026 represent severance related to workforce actions resulting, in part, from the Company's AI and productivity initiatives. The Company continues to evaluate expanding these actions as it investigates additional AI and other productivity initiatives. Restructuring and Other Related Costs for the three months ended September 30, 2025 and the fiscal years ended June 30, 2026 and 2025 consist of severance and other costs related to the closure of substantially all operations of a production facility. Actions and associated costs related to the closure were completed in the third quarter of fiscal year 2026. Restructuring and Other Related Costs for the fiscal year ended June 30, 2024 includes $56.0 million of severance and professional services costs directly related to the Corporate Restructuring Initiative and a $7.0 million asset impairment charge as a result of the exit of a business in connection with the Corporate Restructuring Initiative. Restructuring and Other Related Costs for the fiscal year ended June 30, 2023 includes $20.4 million of severance costs. Costs incurred are not reflected in segment profit and are recorded within Corporate and Other. (b) Russia-Related Exit Costs were $10.9 million and $1.4 million for the fiscal years ended June 30, 2023 and June 30, 2022, comprised of $12.1 million of operating expenses, offset by a gain of $1.2 million in non-operating income for the fiscal year ended June 30, 2023, and $1.4 million of operating expenses for the fiscal year ended June 30, 2022. (c) Real Estate Realignment Expenses were $23.0 million and Covid-19 Related Expenses were $7.5 million for the fiscal year ended June 30, 2022. (d) Calculated using the GAAP effective tax rate, adjusted to exclude $0.1 million and $1.9 million of excess tax benefits associated with stock-based compensation for the three months ended September 30, 2026 and 2025, respectively, and $2.5 million, $20.5 million, $12.9 million, $10.4 million, and $18.1 million of excess tax benefits associated with stock-based compensation for the fiscal year ended June 30, 2026, 2025, 2024, 2023, and 2022, respectively. (e) Free cash flow conversion is calculated as Free cash flow divided by Adjusted Net earnings for the given period. Reconciliation of GAAP to Non-GAAP measures
26 (Unaudited) Three Months Ended September 30, Fiscal Year Ended June 30, Dollars in millions, except per share amounts 2026 2025 2026 2025 2024 2023 2022 Diluted earnings per share (GAAP) $0.83 $1.40 $9.60 $7.10 $5.86 $5.30 $4.55 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 0.34 0.43 1.74 1.66 1.68 1.80 2.11 Acquisition and Integration Costs 0.02 0.06 0.15 0.15 0.03 0.13 0.21 Restructuring and other Related Costs (a) 0.13 0.04 0.11 0.06 0.53 0.17 — Gains or Losses on Digital Assets 0.35 (0.39) (1.94) — — — — Litigation Settlement Charges — — — — 0.15 — — Russia-Related Exit Costs — — — — — 0.09 0.01 Real Estate Realignment and Covid-19 Related Expenses (b) — — — — — — 0.26 Investment Gains — — (0.06) — — — (0.12) Subtotal of adjustments 0.84 0.14 — 1.88 2.40 2.20 2.47 Tax impact of adjustments (c) (0.12) (0.03) — (0.43) (0.53) (0.48) (0.55) Adjusted earnings per share (Non-GAAP) $1.56 $1.51 $9.60 $8.55 $7.73 $7.01 $6.46 (a) Restructuring and Other Related Costs for the three months ended September 30, 2026 represent severance related to workforce actions resulting, in part, from the Company's AI and productivity initiatives. The Company continues to evaluate expanding these actions as it investigates additional AI and other productivity initiatives. Restructuring and Other Related Costs for the three months ended September 30, 2025 and the fiscal years ended June 30, 2026 and 2025 consist of severance and other costs related to the closure of substantially all operations of a production facility. Actions and associated costs related to the closure were completed in the third quarter of fiscal year 2026. Restructuring and Other Related Costs for the fiscal year ended June 30, 2024 includes $56.0 million of severance and professional services costs directly related to the Corporate Restructuring Initiative and a $7.0 million asset impairment charge as a result of the exit of a business in connection with the Corporate Restructuring Initiative. Restructuring and Other Related Costs for the fiscal year ended June 30, 2023 includes $20.4 million of severance costs. Costs incurred are not reflected in segment profit and are recorded within Corporate and Other. (b) Real Estate Realignment Expenses and Covid-19 Related Expenses impacted Adjusted Earnings per share by $0.19 and $0.06 for the fiscal year ended June 30, 2022, respectively. (c) Calculated using the GAAP effective tax rate, adjusted to exclude $0.1 million and $1.9 million of excess tax benefits associated with stock-based compensation for the three months ended September 30, 2026 and 2025, respectively, and $2.5 million, $20.5 million, $12.9 million, $10.4 million, and $18.1 million of excess tax benefits associated with stock-based compensation for the fiscal year ended June 30, 2026, 2025, 2024, 2023, and 2022, respectively. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis. Reconciliation of GAAP to Non-GAAP measures
27 Fiscal Year 2027 FY27 Recurring revenue growth Impact of foreign currency exchange (a) (0%) – 0% Recurring revenue growth constant currency (Non-GAAP) 6 - 8% FY27 Adjusted Operating income margin (b)(e) Operating income margin % (GAAP) ~19% Adjusted Operating income margin % (Non-GAAP) ~21% FY27 Adjusted earnings per share growth rate (c)(e) Diluted earnings per share (GAAP) (4%) - 0% Adjusted earnings per share (Non-GAAP) 8 - 12% FY27 Free cash flow conversion (d) 100%+ Cash flow from operating activities relative to net earnings (GAAP) 100%+ Free cash flow conversion rate (Non-GAAP) (Unaudited) (a) Based on forward rates as of October 2026. (b) Adjusted Operating income margin guidance (Non-GAAP) is adjusted to exclude the approximately $191 million impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, and Restructuring and Other Related Costs. (c) Adjusted earnings per share growth guidance (Non-GAAP) is adjusted to exclude the approximately $1.60 per share impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, and Restructuring and Other Related Costs, and is calculated using diluted shares outstanding. (d) Free cash flow conversion guidance (Non-GAAP) is adjusted to exclude approximately $123 million of Capital expenditures as well as Software purchases and capitalized internal use software (e) Excludes Gains and Losses on Digital Assets as they are not capable of being forecasted. Reconciliation of GAAP to Non-GAAP Measures: Fiscal Year 2027 guidance
Broadridge Fiscal First Quarter 2027 Earnings Conference Call Contacts W. Edings Thibault broadridgeir@broadridge.com Live Call Information Date: November 3, 2026 Start Time: 8:30 A.M. ET Toll-Free: 1-877-328-2502 International: 1-412-317-5419 Webcast: broadridge-ir.com Replay Options Online replay available at broadridge-ir.com Telephone replay available through November 10, 2026 Domestic Dial-In: 1-855-669-9658 Access Code: 4349092 International Toll Dial-In: 1-412-317-0088 Passcode: 4349092 Click here for dial-ins by country