Broadridge Financial Solutions Inc BR

IndustrialsProfessional & Commercial ServicesUnited States of America

Last close 178.82 USD on Nov 1, 2026, −18.4% year to date

Quant rating

Quant rating A Rank 48 of 486 in Industrials

Growth B 187 of 486
Valuation B 85 of 486
Quality A 51 of 486
Revisions C 207 of 486
Momentum B 170 of 486

Wall Street consensus Buy (2.30)Average target 217.44 USD +21.6%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 20.2B
Enterprise value: 23.0B
52-week range: 133.97 – 232.95
3-year range: 133.97 – 266.89
Dividend yield: 2.44%
Beta (5 years): 0.92
Shares outstanding: 113M
Next earnings: Nov 3, 2026

About the company

Broadridge Financial Solutions, Inc. is a global technology company with specialization and transformative technology, helping clients and the financial services industry operate, innovate, and grow. Its segments include Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). Its ICS segment provides Regulatory Solutions, Data-Driven Fund Solutions, Corporate Issuer Solutions, and Customer Communications Solutions. The ICS business involves the processing and distribution of proxy materials to investors in equity securities and mutual funds, and the facilitation of related vote processing. The Global Technology and Operations business offers mission-critical, scale infrastructure to the global financial markets. Its component-based platform automates the front-to-back transaction lifecycle of equity, mutual funds, fixed income, and foreign exchange and exchange-traded derivatives. It also offers cross-border fund distribution and regulatory services.

Growth and profitability fiscal year ends June 30

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	7,477	6,889	6,507	6,061	5,709	–
Revenue growth	8.5%	5.9%	7.4%	6.2%	14.3%	8.4%
EPS (basic, normalized)	9.60	8.55	7.73	7.01	6.46	–
EPS growth	12.3%	10.6%	10.3%	8.5%	–	–
Gross margin	31.8%	31.0%	29.7%	29.5%	27.9%	30.0%
Net margin	15.0%	12.2%	10.7%	10.4%	9.4%	11.6%
ROE	40.9%	34.8%	31.7%	30.3%	28.9%	33.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	403
Current ratio	1.24x
Long-term debt (mil)	3,255
Net debt (mil)	2,852
Total equity (mil)	2,840
Net debt / equity	1.00x
Net debt / EBITDA	1.70x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	7,477	+8.5%	3.1x	1,673	−0.4%	13.8x	9.60	+12.3%	18.6x
2027	7,856	+5.1%	2.9x	1,976	+18.1%	11.7x	10.55	+9.9%	16.9x
2028	8,247	+5.0%	2.8x	2,062	+4.4%	11.2x	11.55	+9.5%	15.5x
2029	8,628	+4.6%	2.7x	2,202	+6.8%	10.5x	12.52	+8.4%	14.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	7,856	0.0%	+1.1%	+1.5%	10.55	0.0%	+1.3%	+1.7%
2028	8,247	0.0%	+0.8%	+1.3%	11.55	−0.1%	+0.9%	+1.5%
2029	8,628	−0.6%	+0.2%	+0.2%	12.52	−0.5%	−3.5%	−3.5%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	1,726	1,944	1,423	1,589	1,812	2,065	1,589	1,714	1,954	2,220
Sales mean (mil)	1,767	1,961	1,484	1,556	1,864	2,057	1,538	1,617	1,905	2,139
Surprise	−2.3%	−0.9%	−4.1%	+2.1%	−2.8%	+0.4%	+3.3%	+6.0%	+2.6%	+3.8%
EPS reported	2.23	3.50	1.00	1.56	2.44	3.55	1.51	1.59	2.72	3.82
EPS mean	2.24	3.49	0.97	1.47	2.43	3.50	1.24	1.36	2.60	3.76
Surprise	−0.3%	+0.3%	+3.1%	+5.9%	+0.6%	+1.5%	+21.9%	+16.8%	+4.5%	+1.7%

Peer comparison Professional & Commercial Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
BR Broadridge Financial Solutions Inc	20.2B	1.70x	15.0%	7.18x	16.9x	15.5x	11.7x	11.2x
V Visa Inc.	768.7B	0.26x	49.6%	20.24x	27.5x	24.1x	21.6x	19.4x
SPGI S&P Global Inc.	135.3B	2.06x	29.2%	6.86x	26.1x	23.2x	18.9x	17.8x
ADP Automatic Data Processing Inc	116.2B	0.26x	20.1%	22.83x	23.8x	21.7x	16.9x	15.7x
MCO Moody's Corporation	85.2B	1.38x	31.9%	26.06x	29.5x	26.5x	20.6x	19.1x
TRI Thomson Reuters Corp	51.5B	0.96x	19.8%	4.61x	27.2x	23.6x	17.0x	15.4x
Mean		1.11x	27.6%	14.63x	25.2x	22.4x	17.8x	16.4x
Median		1.17x	24.6%	13.71x	26.6x	23.4x	17.9x	16.7x

Technical analysis

1M+9.8%
3M+13.7%
1Y−20.4%
3Y+12.8%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Broadridge Financial Solutions Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	7,477	6,889	6,507	6,061	5,709	4,994
Cost of revenue	5,101	4,752	4,573	4,276	4,117	3,571
Gross profit	2,376	2,137	1,934	1,785	1,592	1,423
Selling, general & administrative expenses	1,076	948	917	849	832	744
Research & development	–	–	–	–	–	–
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	–	–	–
Other operating expenses	0	0	0	0	0	−0.1
Operating income	1,301	1,189	1,017	936	760	679
Net interest income (expense)	−99.9	−123	−138	−136	−84.7	−55.2
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	245	−7.2	−1.6	−6.0	−3.0	72.7
Net income before taxes	1,446	1,059	877	795	672	696
Provision for taxes	322	219	179	164	133	149
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,124	840	698	631	539	548
Extraordinary items	–	–	–	–	–	–
Net income	1,124	840	698	631	539	548
EBIT, normalized	1,331	1,214	1,102	985	815	686
EBITDA, normalized	1,673	1,542	1,422	1,284	1,148	907
Basic EPS, normalized	9.60	8.55	7.73	7.01	6.46	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Broadridge Financial Solutions Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	403	562	304	252	225	274
Receivables	1,129	1,077	1,066	974	947	820
Total inventory	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Other current assets	216	178	171	166	157	166
Total current assets	1,748	1,817	1,541	1,392	1,328	1,261
Property, plant & equipment	403	346	348	344	374	439
Goodwill	3,788	3,610	3,469	3,462	3,485	3,720
Intangibles	1,200	1,277	1,307	1,467	1,077	1,425
Long-term investments	608	299	271	242	222	194
Note receivable	128	138	125	109	118	89.8
Other long-term assets	1,071	1,058	1,180	1,217	1,565	990
Total assets	8,945	8,545	8,242	8,233	8,169	8,120
Liabilities
Accounts payable	150	220	314	157	245	249
Payable/accrued	−0.2	−0.1	−0.1	–	0.1	–
Accrued expenses	586	547	519	524	548	520
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	0	499	0	1,178	–	0
Other current liabilities	679	595	589	538	521	519
Total current liabilities	1,415	1,861	1,422	2,398	1,313	1,288
Long-term debt	3,255	2,753	3,355	2,235	3,793	3,888
Minority interest	–	–	–	–	–	–
Other liabilities	1,435	1,276	1,297	1,360	1,143	1,135
Total liabilities	6,105	5,890	6,074	5,993	6,250	6,311
Shareholders' equity
Preferred stock	0	0	0	0	0	0
Common stock	1.6	1.6	1.6	1.6	1.6	1.6
Additional paid-in capital	1,771	1,663	1,552	1,437	1,345	1,246
Retained earnings (accumulated deficit)	4,554	3,862	3,435	3,113	2,824	2,584
Treasury stock	−3,202	−2,599	−2,489	−2,026	−2,025	−2,031
Other equity	−284	−273	−332	−285	−226	9.1
Total equity	2,840	2,655	2,168	2,241	1,919	1,809
Total liabilities & shareholders' equity	8,945	8,545	8,242	8,233	8,169	8,120

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Broadridge Financial Solutions Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	1,124	840	698	631	539	548
Depreciation, depletion & amortization	341	327	320	299	333	221
Deferred taxes	106	−5.2	−120	−50.8	50.7	52.0
Non-cash items	−6.9	234	189	174	221	105
Changes in working capital	−219	−225	−31.2	−230	−700	−286
Cash from operations	1,346	1,171	1,056	823	444	640
Investing activities
Capital expenditures	−113	−115	−113	−75.2	−73.1	−101
Other investing cash flows	−339	−201	−35.0	−5.2	−37.3	−2,553
Cash from investing	−452	−316	−148	−80.4	−110	−2,654
Financing activities
Financing cash flow items	−25.0	−21.5	−14.3	−17.5	−22.0	−48.6
Cash dividends paid	−444	−402	−368	−331	−291	−262
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−580	−177	−473	−366	−58.1	2,108
Cash from financing	−1,048	−601	−856	−715	−371	1,798
Foreign exchange effects	−3.7	2.8	−0.6	−0.6	−12.2	13.8
Net change in cash	−159	257	52.1	27.6	−49.9	−202
Free cash flow	1,233	1,056	943	748	370	539

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.