Broadridge Financial : Third Quarter 2026 Earnings presentation

Published: 2026-04-30 07:10:18 ET BR

Published on 04/30/2026 at 07:10 am EDT

Powering and transforming financial markets

Fiscal Third Quarter 2026

April 30, 2026

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.

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'25 and FY'26 Guidance are shown as constant currency (Non-GAAP).

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.

Key messages

Broadridge delivered strong third quarter results, including 6% Recurring revenue growth constant currency, and Adjusted EPS growth of 11%

Broadridge continues to execute on its strategy to democratize and digitize governance, simplify and innovate capital markets, and modernize wealth management

Broadridge remains well positioned for long term growth by leading in tokenization, including enabling proxy voting for tokenized equities, driving digitization of communications, and scaling AI

Strong Free cash flow is driving balanced capital allocation, including share repurchases and strategic M&A

Broadridge is raising its FY'26 guidance for Recurring revenue growth constant currency to At or above 7% and Adjusted EPS growth to 10-12%

Broadridge is executing across Governance, Capital Markets, and Wealth & Investment Management

$295M 0% YoY

$193M

+8% YoY

Q3'26 Highlights

Governance

ICS growth is being powered by strong investor participation trends, including 15% equity position growth and 6% mutual fund and ETF position growth

Capital Markets

Innovations in shareholder engagement across both institutional and retail voting gaining momentum

Strong Capital Markets growth offset by 7 pts of prior year license impact

Highly complementary CQG acquisition accelerates expansion into futures and options

Wealth & Investment Mgmt.

Wealth Management growth driven by strong momentum in Canada, including go live of first Canadian wealth platform client

$58 million in Closed sales in the quarter, and $147 million year-to-date

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 - 29

Broadridge is driving innovation at scale

Leading Tokenization

Driving Digitization

Scaling AI

Live with tokenized governance platform, powering the first on-chain U.S. public company proxy vote

Powering proxy voting and governance for leading global tokenized trading platform

Delivering seamless, integrated platform for tokenized and crypto assets in Canada

Broadridge NYFIX routing crypto orders globally

$354B tokenized per day on Distributed ledger Repo platform, up 392% YoY

91% of proxy communications already digitized

Delivering fourth consecutive year of double-digit digital revenue growth

Serving over 6 million accounts with our flagship omnichannel Wealth in Focus platform

Expanding client partnerships to accelerate digital transitions

$800B+ in assets on AI-native custom voting policy engine for asset managers

Global Demand Model adopted by 23 top asset managers managing over $45T

25% efficiency gains on headcount through Agentic AI in Broadridge's managed services

Accelerating client onboarding with AI powered data mapping

Platform data layer enabling client AI

Summary financial results

THIRD QUARTER

$ in millions, except per share data

2026

2025

Inc./(Dec.)

Recurring revenues

$1,288

$1,204

Constant currency growth (Non-GAAP)

Total revenues

1,954

1,812

Operating income

359

345

Adjusted Operating income (Non-GAAP)

421

405

Adjusted Operating income margin (Non-GAAP)

21.5%

22.4%

(90 bps)

Diluted earnings per share

$2.36

$2.05

15%

Adjusted earnings per share (Non-GAAP)

$2.72

$2.44

11%

Closed sales

$58

$71

(19%)

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

Third quarter 2026 segment Recurring revenues

$ in millions; growth in constant currency

ICS RECURRING REVENUES GTO RECURRING REVENUES

+8%

+3%

$209

$65

$126

$399

$800

$193

$295

$488

Regulatory

Data-Driven Fund Solutions

Issuer

Customer Comms.

Capital 0%

Markets

Wealth &

Investment 8%

5% Management

Q3'25 Q3'26 Q3'25 Q3'26

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

Key volume drivers: position and trade growth

EQUITY & MUTUAL FUND/ETF POSITION GROWTH

FY'24

FY'25

FY'26 YTD

10Y

Avg.

Equity 1,3

16%

11%

Equity Revenue 2,3

N/A

12%

11%

N/A

MF / ETF

Internal Trade 4

Growth

13%

15%

18%

14%

17%

15%

7% 6%

6% 3%

(1%)

11%

6% 7%

12%

11% 11%

Q3'24

Q4'24

Q1'25

Q2'25

Q3'25

Q4'25

Q1'26

Q2'26

Q3'26

11%

15%

10%

13%

14%

17%

11%

16%

INTERNAL TRADE GROWTH

Q3'25 equity position growth represented 31% of total fiscal year 2025 positions. Q1'25: 5% | Q2'25: 8% | Q4'25: 56%

Represents equity position growth that is revenue-generating and excludes the growth of fractional non-revenue positions.

Reflects position growth processed in the same time period of both years. Therefore, quarterly and annual data may not align.

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.

Third quarter 2026 Recurring revenue growth drivers

$ in millions. Pts contribution to growth

RECURRING REVENUE GROWTH CONSTANT CURRENCY WAS 6%

Organic Growth: 5 pts

4 pts

3 pts

1 pt

(2) pts

$1,288

$1,204

Q3'25 Recurring

Revenues

Closed Sales Client Losses Internal Growth Acquisitions Q3'26 Rec. Rev.

Constant Currency

FX Q3'26 Recurring

Revenues

Organic Growth: 6 pts

ICS $740M 4 pts (2) pts 4 pts 1 pt 8% 0 pts $800M

Organic Growth: 3 pts

GTO $464M 4 pts (3) pts 1 pt 0 pts 3% 3 pts $488M

Third quarter 2026 Total revenue growth drivers

$ in millions. Pts contribution to growth

THIRD QUARTER 2026 TOTAL REVENUE GROWTH DRIVERS

$1,954

$1,812

4 pts 1 pt 2 pts

1 pt 8%

Q3'25 Total Revenues Recurring Event-Driven Distribution FX Q3'26 Total Revenues

QUARTERLY EVENT-DRIVEN REVENUES

$125

$76

$67

$63

$53

$79

$114

$91

$73

$62M

FY'19-FY'25 QUARTERLY AVERAGE

Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26

Operating income margin and Adjusted Operating income margin

Q3'26 OPERATING INCOME FISCAL YEAR OPERATING INCOME

OPERATING INCOME MARGIN

19.0%

18.4%

13.6%

13.3%

15.4% 15.6% 17.3%

+50

bps

+20

bps

+110

bps

+60

bps

+60

bps

20.5%

20% -

21%

19.8%

20.0%

18.7%

18.1%

22.4%

21.5%

ADJUSTED OPERATING INCOME MARGIN (NON-GAAP)

Q3'25 Q3'26

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26

Guidance

Earnings per share and Adjusted earnings per share

Q3'26 EARNINGS PER SHARE FISCAL YEAR EARNINGS PER SHARE

EARNINGS PER SHARE

$2.05

$2.36

$4.65

$4.55

$5.30 $5.86 $7.10

$2.44

$2.72

10% -

+11%

+10%

+9%

+14%

+13%

$8.55

$7.73

$7.01

$6.46

$5.66

12%

ADJUSTED EARNINGS PER SHARE (NON-GAAP)

Q3'25 Q3'26

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26

Guidance

Closed sales

$ in millions

CLOSED SALES

$280

$288

$246

$240

$290

$231

$342

$174

$147

YTD'25 YTD'26

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26

Guidance

Free cash flow

$ in millions

YTD'26 FREE CASH FLOW1

FISCAL YEAR FREE CASH FLOW CONVERSION1,2

$393

$591

YTD'25 YTD'26

102%

104%

90%

84%

48%

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 (E)

100%+

Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 - 29

Free cash flow conversion equals annual Free cash flow divided by Adjusted Net earnings

Capital allocation

$ in millions, except per share data

SELECT USES OF CAPITAL YTD'26 TOTAL CAPITAL RETURNS4

CapEx

and Software1

$77

$475

$312

$248

$253

$331

$781

Client Platform Investments2

$33

M&A

$294

Digital Asset Investments3

$53

DIVIDENDS PER SHARE

FY'21 FY'22 FY'23 FY'24 FY'25 FY'26 (E)

Includes Software purchases and capitalized internal use software.

Net investments on new client conversions, including development of platform capabilities.

During 2Q'26, Broadridge contributed 342 million Canton Coins with a total fair value of $53.1 million at the time of the transaction for 17.3 million pre-funded common stock purchase warrants (the "Warrants") representing an interest in Canton Strategic Holdings, Inc. The fair value of the Warrants as of March 31, 2026 is $56.4 million.

GROWTH

$2.30

$2.56

$2.90

$3.20

$3.52

$3.90

11%

13%

10%

11%

Total capital returns include dividends and share repurchases net of option proceeds. FY'26 annual dividend amount subject to Board declaration.

Fiscal Year 2026 guidance

UPDATES

FY'26 GUIDANCE

Recurring revenue growth constant currency (Non-GAAP)

Adjusted Operating income margin (Non-GAAP)

Adjusted earnings per share growth (Non-GAAP)

At or above 7% Raised from Higher end of

5-7%

20 - 21% No Change

10 - 12% Raised from 9-12%

Closed sales $240 - $290M Revised from $290 -

$330M

Appendix

Supplemental reporting detail ‒ product line reporting

(Unaudited)

2024

2025

2026

YoY %

Growth

Dollars in millions

Investor Communication Solutions ("ICS")

Regulatory

$1,196

$190

$210

$365

$515

$1,281

$197

$249

$399

Data-driven fund solutions

435

108

114

115

122

459

111

113

126

Issuer

260

146

273

Customer communications

683

164

179

199

176

719

177

189

209

Total ICS Recurring revenues

2,574

493

540

740

959

2,732

518

590

800

Equity and other

151

115

28%

Mutual funds

134

100

204

52%

Total ICS Event-driven revenues

285

125

319

114

38%

Distribution revenues

1,999

460

484

555

563

2,062

498

553

593

Total ICS Revenues

$4,858

$1,016

$1,149

$1,348

$1,601

$5,113

$1,130

$1,233

$1,465

Global Technology and Operations ("GTO")

Capital markets

$1,049

$261

$279

$289

$285

$1,115

$281

$301

$295

Wealth and investment management

600

146

161

175

179

661

179

180

193

10%

Total GTO Recurring revenues

$1,649

$407

$440

$464

$465

$1,776

$459

481

488

Total Revenues

$6,507

$1,423

$1,589

$1,812

$2,065

$6,889

$1,589

$1,714

$1,954

Revenues by type

Recurring revenues

$4,223

$900

$980

$1,204

$1,424

$4,508

$977

$1,070

$1,288

Event-driven revenues

285

125

319

114

38%

Distribution revenues

1,999

460

484

555

563

2,062

498

553

593

Total Revenues

$6,507

$1,423

$1,589

$1,812

$2,065

$6,889

$1,589

$1,714

$1,954

FY'24 - FY'26 long-term growth objectives

Organic Recurring revenue growth

FY'24 - FY'26 (CAGR)

5-8%

Recurring revenue growth constant currency (Non-GAAP)

7-9%

Adjusted Operating income margin expansion (bps/year) (Non-GAAP)

50+

Adjusted earnings per share growth (Non-GAAP)

8-12%

Note: AOI margin expansion excludes impact of float and distribution revenue

Explanation of Non-GAAP measures and reconciliation of GAAP to Non-GAAP measures

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, and Adjusted Earnings Per Share

These Non-GAAP measures 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:

Amortization of Acquired Intangibles and Purchased Intellectual Property, which represent non-cash amortization expenses associated with the Company's acquisition activities.

Acquisition and Integration Costs, which represent certain transaction and integration costs associated with the Company's acquisition activities.

Restructuring and Other Related Costs. which represent 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.

Gains or Losses on Digital Assets, which represents the mark to market gain or loss recorded to remeasure the Company's digital asset holdings in the form of Canton Coins to fair market value, in addition to the realized and unrealized gains or losses associated with the Company's contribution of Canton Coins to Canton Strategic Holdings, Inc. and the associated mark to market gain or loss recorded to remeasure the previously held Digital Asset Loan Receivable and Warrants to fair market value.

Litigation Settlement Charges, which represent the reserve established during the third and fourth quarter of fiscal year 2024 related to the settlement of claims.

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.

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

Investment Gains, which represent non-operating, non-cash gains on privately held investments.

Software Charge, which represents a charge related to an internal use software product that is no longer expected to be used

Gain on Acquisition-Related Financial Instrument, which represents a non-operating gain on a financial instrument designed to minimize the Company's foreign exchange risk associated with the Itiviti acquisition, as well as certain other non-operating financing costs associated with the Itiviti acquisition.

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, Investment Gains, the Software Charge, and Gain on Acquisition-Related Financial Instrument 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.

Reconciliation of GAAP to Non-GAAP measures

Three Months Ended March 31, 2026

(Unaudited)

Investor Communication Solutions

Regulatory

Data-Driven Fund

Solutions

Issuer

Customer Comms.

Total

Recurring revenue growth (GAAP)

Impact of foreign currency exchange

(1%)

Recurring revenue growth constant currency (Non-GAAP)

Global Technology and Operations

Capital Markets

Wealth and Investment Management

Total

Recurring revenue growth (GAAP)

10%

Impact of foreign currency exchange

(2%)

(3%)

Recurring revenue growth constant currency (Non-GAAP)

(0%)

Consolidated

Total

Recurring revenue growth (GAAP)

Impact of foreign currency exchange

(1%)

Recurring revenue growth constant currency (Non-GAAP)

Reconciliation of GAAP to Non-GAAP measures

Nine Months Ended March 31, 2026

(Unaudited)

Investor Communication Solutions

Regulatory

Data-Driven Fund

Solutions

Issuer

Customer Comms.

Total

Recurring revenue growth (GAAP)

10%

Impact of foreign currency exchange

(1%)

Recurring revenue growth constant currency (Non-GAAP)

10%

Global Technology and Operations

Capital Markets

Wealth and Investment Management

Total

Recurring revenue growth (GAAP)

14%

Impact of foreign currency exchange

(2%)

(1%)

(2%)

Recurring revenue growth constant currency (Non-GAAP)

13%

Consolidated

Total

Recurring revenue growth (GAAP)

Impact of foreign currency exchange

(1%)

Recurring revenue growth constant currency (Non-GAAP)

Reconciliation of GAAP to Non-GAAP measures

(Unaudited)

Fiscal Year Ended June 30, 2025

Total

Consolidated

Recurring revenue growth (GAAP) 7%

Impact of foreign currency exchange 0%

Recurring revenue growth constant currency (Non-GAAP) 7%

Fiscal Year Ended June 30, 2024

Total

Consolidated

Recurring revenue growth (GAAP) 6%

Impact of foreign currency exchange 0%

Recurring revenue growth constant currency (Non-GAAP) 6%

Reconciliation of GAAP to Non-GAAP measures

(Unaudited)

Three Months Ended

March 31,

Nine Months Ended

March 31,

Fiscal Year Ended June 30,

Dollars in millions

2026

2025

2026

2025

2024

2023

2022

2021

Operating income (GAAP)

$359.5

$344.9

$754.3

$689.9

$1,188.6

$1,017.1

$936.4

$759.9

$678.7

Adjustments:

Amortization of Acquired Intangibles and Purchased Intellectual Property

52.8

48.9

155.2

146.6

196.6

200.3

214.4

250.2

153.7

Acquisition and Integration Costs

4.7

6.0

14.3

11.3

18.3

3.9

15.8

24.5

18.1

Restructuring and other Related Costs (a)

3.5

5.5

13.2

5.5

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

45.3

Software Charge

6.0

Adjusted Operating income (Non-GAAP)

$420.6

$405.2

$937.0

$853.3

$1,410.9

$1,302.8

$1,199.1

$1,066.4

$901.8

Operating income margin (GAAP)

18.4%

19.0%

14.3%

17.3%

15.6%

15.4%

13.3%

13.6%

Adjusted Operating income margin (Non-GAAP)

21.5%

22.4%

17.8%

17.7%

20.5%

20.0%

19.8%

18.7%

18.1%

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.

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.

Real Estate Realignment Expenses were $23.0 million and $29.6 million for the fiscal years ended June 30, 2022 and 2021, respectively. Covid-19 Related Expenses were $7.5 million and $15.7 million for the fiscal years ended June 30 2022 and 2021, respectively.

Reconciliation of GAAP to Non-GAAP measures

Nine Months Ended March 31,

Fiscal Year Ended June 30,

(Unaudited)

Dollars in millions

2026

2025

2024

2023

2022

2021

Net cash flows from operating activities (GAAP)

$ 668.2 $

471.6

$1,171.3

$1,056.2

$823.3

$443.5

$640.1

Capital expenditures and Software purchases and capitalized internal use software

(77.3)

(78.5)

(114.9)

(113.0)

(75.2)

(73.1)

(100.7)

Proceeds from asset sales

18.0

Free cash flow (Non-GAAP)

$ 590.9

$393.2

$1,056.4

$943.2

$748.2

$370.4

$557.3

Three Months Ended March 31, Nine Months Ended March 31,

Fiscal Year Ended June 30,

Dollars in millions

2026

2025

2026

2025

2024

2023

2022

2021

Net earnings (GAAP)

$276.3

$243.1

$726.2

$465.3

$839.5

$698.1

$630.6

$539.1

$547.5

Adjustments:

Amortization of Acquired Intangibles and Purchased Intellectual Property

52.8

48.9

155.2

146.6

196.6

200.3

214.4

250.2

153.7

Acquisition and Integration Costs

4.7

6.0

14.3

11.3

18.3

3.9

15.8

24.5

18.1

Restructuring and Other Related Costs (a)

3.5

5.5

13.2

5.5

7.4

63.0

20.4

Gains or Losses on Digital Assets

(5.6)

(238.3)

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

45.3

Investment Gains

(14.2)

(8.7)

Software Charge

6.0

Gain on Acquisition-Related Financial Instrument

(62.1)

Subtotal of adjustments

55.4

60.4

(55.6)

163.4

222.3

285.6

261.6

292.3

152.2

Tax impact of adjustments (d)

(13.8)

(14.6)

12.1

(37.1)

(50.4)

(62.6)

(57.5)

(65.7)

(33.2)

Adjusted Net earnings (Non-GAAP)

$317.9

$288.8

$682.7

$591.5

$1,011.5

$921.2

$834.6

$765.7

$666.5

LTM Free cash flow conversion (Non-GAAP) (e)

104 %

102 %

90 %

48 %

84 %

Restructuring and Other Related Costs for the three and nine months ended March 31, 2026 and the fiscal year ended June 30, 2025 consists of severance and other costs related to the closure of substantially all operations of a production facility. Costs incurred are not reflected in segment profit and are recorded within Corporate and Other. The total estimated pre-tax costs for actions and associated costs related to the closure were approximately $20 million and 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.

Real Estate Realignment Expenses were $23.0 million, $29.6 million, and $0.0 million for the fiscal years ended June 30, 2022, 2021, and 2020, respectively. Covid-19 Related Expenses were $7.5 million, $15.7, and $2.4 million for the fiscal years ended June 30 2022, 2021, and 2020, respectively.

$11.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2025, respectively, and $20.5 million, $12.9 million, $10.4 million, $18.1 million, and $16.9 million of excess tax benefits associated with stock-based compensation for the fiscal year ended June 30, 2025, 2024, 2023, 2022, and 2021, respectively.

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

(Unaudited)

Three Months Ended March 31,

Nine Months Ended March 31,

Dollars in millions, except per share amounts

2026

2025

2026

2025

Diluted earnings per share (GAAP)

$2.36

$2.05

$6.18

$3.93

Adjustments:

Amortization of Acquired Intangibles and Purchased Intellectual Property

0.45

0.41

1.32

1.24

Acquisition and Integration Costs

0.04

0.05

0.12

0.10

Restructuring and other Related Costs (a)

0.03

0.05

0.11

0.05

Gains or Losses on Digital Assets

(0.05)

(2.03)

Subtotal of adjustments

0.47

0.51

(0.47)

1.38

Tax impact of adjustments (b)

(0.12)

0.10

(0.31)

Adjusted earnings per share (Non-GAAP)

$2.72

$2.44

$5.81

$5.00

Restructuring and Other Related Costs for the three and nine months ended March 31, 2026 consists of severance and other costs related to the closure of substantially all operations of a production facility. Costs incurred are not reflected in segment profit and are recorded within Corporate and Other. The total estimated pre-tax costs for actions and associated costs related to the closure were approximately $20 million and were completed in the third quarter of fiscal year 2026.

Calculated using the GAAP effective tax rate, adjusted to exclude $0.1 million and $2.4 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2026, respectively, and $5.2 million and $11.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2025, 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: Fiscal year 2026 guidance

Unaudited)

Fiscal Year

2026

FY26 Recurring revenue growth

Impact of foreign currency exchange (a)

(1%) - 0%

Recurring revenue growth constant currency (Non-GAAP)

(

Operating income margin % (GAAP) 17% - 19%

Adjusted Operating income margin % (Non-GAAP) 20% - 21%

Diluted earnings per share (GAAP) 32 - 36%

Adjusted earnings per share (Non-GAAP) 10 - 12%

Based on forward rates as of April 2026.

Adjusted Operating income margin guidance (Non-GAAP) is adjusted to exclude the approximately $6 million impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, and Acquisition and Integration Costs, Restructuring and Other Related Costs and Gains or Losses on Digital Assets.

Adjusted earnings per share growth guidance (Non-GAAP) is adjusted to exclude the approximately $0.04 per share impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Acquisition and Integration Costs, Restructuring and Other Related Costs, and Gains or Losses on Digital Assets, and is calculated using diluted shares outstanding.

Broadridge Fiscal Third Quarter 2026 Earnings Conference Call

W. Edings Thibault [email protected]

Date: April 30, 2026 Start Time: 8:30 A.M. ET

Toll-Free: 1-877-328-2502

International: 1-412-317-5419 Webcast: broadridge-ir.com

Online replay available at broadridge-ir.com Telephone replay available through May 7, 2026

Domestic

Dial-In: 1-855-669-9658

Access Code: 9736199

International

Toll Dial-In: 1-412-317-0088

Passcode: 9736199

Click here for dial-ins by country

Disclaimer

Broadridge Financial Solutions Inc. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 11:09 UTC.