Broadridge Financial Solutions, Inc. filed its first-quarter fiscal year 2027 financial results on November 3, 2026, reporting recurring revenue growth of 11% and reaffirming full-year guidance for NYSE:BR.

Key Highlights

  • Recurring revenues rose 11% to $1,083 million from $977 million in the prior-year period, with constant currency growth also 11%, including 9 percentage points from organic growth.
  • Diluted EPS fell 41% to $0.83 from $1.40, while Adjusted EPS (Non-GAAP) grew 3% to $1.56 from $1.51.
  • Closed sales grew 10% to $36 million from $33 million in the prior-year first quarter.
  • Share repurchases totaled $200 million in the quarter, with an additional $111 million returned to shareholders via dividend, according to CEO Tim Gokey's statement in the filing.
  • Corporate and Other segment recorded non-cash losses on Digital Assets of $40 million in the current period, compared to a gain of $46 million in the prior-year period.
  • Full-year FY2027 guidance reaffirmed with no changes: 6-8% recurring revenue growth constant currency, 8-12% Adjusted EPS growth, free cash flow conversion of 100%+, and closed sales of $290-$330 million.

Broadridge First-Quarter FY2027 Results: Segment Performance and Key Drivers

According to the filing, total revenues for the first quarter ended September 30, 2026 increased 5% to $1,669 million from $1,589 million. Operating income decreased 8% to $174 million, with operating income margin declining to 10.4% from 11.9%. Adjusted Operating income (Non-GAAP) was $230 million, down 9%, with margin at 13.8% compared to 15.8% in the prior-year period. Net earnings decreased 43% to $95 million, while Adjusted Net earnings were flat at $178 million. The effective tax rate was 13.6%, down from 22.4%, which the filing attributed primarily to an increase in total discrete tax benefits relative to pre-tax income.

The Investor Communications Solutions (ICS) segment reported total revenues of $1,153 million, up $23 million or 2%. ICS recurring revenues increased 10% to $568 million, with regulatory revenues rising 17%, data-driven fund solutions up 10%, issuer up 4%, and customer communications up 3%. Event-driven revenues fell $46 million, or 41%, to $67 million due to lower mutual fund proxy revenues. Distribution revenues rose $20 million, or 4%, to $518 million, driven primarily by a postage rate increase of approximately $18 million. ICS earnings before income taxes decreased $22 million, or 18%, to $104 million.

The Global Technology and Operations (GTO) segment reported recurring revenues of $516 million, an increase of $56 million or 12%, with constant currency growth of 13%, including 10 percentage points from organic growth and 3 percentage points from the acquisition of CQG, Inc. Capital Markets recurring revenues rose 17% and Wealth and Investment Management rose 5%. GTO earnings before income taxes increased $31 million, or 47%, to $99 million. The Corporate and Other segment recorded a loss before income taxes of $93 million, a decrease of $112 million, reflecting the swing in Digital Assets results and Restructuring and Other Related Costs of $15 million.

What Was Disclosed

Broadridge reported first-quarter fiscal year 2027 financial results for the period ended September 30, 2026, showing mixed GAAP and Non-GAAP performance, segment-level results, capital return activity, and reaffirmation of all full-year FY2027 financial guidance metrics without change.