Broadridge Financial

Broadridge Financial Solutions, Inc. engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions. The Global Technology and Operations segment includes middle and back-office securities processing solutions, automation services, and business process outsourcing services. The company was founded in 1962 and is headquartered in Lake Success, NY.

Earnings data Q3 2021

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Broadridge reports strong Q1 earnings, eyes organic growth opportunities

Broadridge's Q1 2023 earnings call showcased strong financial performance, with a focus on recurring revenue growth and margin expansion. The company is confident in its ability to deliver another strong year in fiscal '23, despite challenges in new bookings and closed sales expectations. Broadridge remains well-positioned to capitalize on opportunities in foundational technology and organic revenue growth.

Broadridge Financial reports strong Q2 earnings, eyes growth opportunities

Broadridge Financial's Q2 performance was robust, showcasing growth in key segments and reaffirming full-year guidance. Despite challenges like decelerating growth and potential macro headwinds, the company remains optimistic about sustaining growth targets and leveraging opportunities for further expansion.

Broadridge Financial excels in Q3, poised for sustained growth

Broadridge Financial delivered a strong Q3 performance with growth across key segments and expects steady top and bottom-line growth in the fourth quarter. The company is on track to meet or exceed its 3-year financial objectives, with a focus on enhancing free cash flow conversion and capital allocation strategies.

Broadridge Financial exceeds Q4 expectations, eyes growth opportunities in M&A

Broadridge Financial reported strong Q4 results, met or exceeded financial objectives, and announced plans for dividend increase, share repurchases, and potential M&A. The company expects mid- to high single-digit recurring revenue growth, margin expansion, and strong adjusted EPS growth in fiscal '24. Challenges include sales visibility uncertainties and managing sales timing.

Broadridge Financial reports strong Q1 performance and outlines growth strategies

Broadridge Financial's Q1 2024 showcased robust financial performance and strategic initiatives for growth and margin expansion.
The company's strengths in modernizing investing, disciplined financial management, and competitive positioning bode well for future prospects.
While facing challenges in earnings impact and market competition, Broadridge eyes opportunities in debt reduction, strategic investments, and shareholder value creation.

Broadridge Financial reports strong Q2 results, eyes growth opportunities

Broadridge Financial's Q2 performance reflects a solid foundation for future growth, supported by strong revenue growth and a clear strategic vision. While facing challenges in customization and integration, the company's focus on innovation and client engagement positions it well for success. With a robust pipeline and confidence in meeting financial objectives, Broadridge is poised for continued growth and market leadership.

Broadridge Financial reports strong Q3 performance and growth outlook

Broadridge Financial's Q3 performance reflects solid growth in recurring revenue and adjusted EPS.
Despite challenges in regulatory communications timing, the company remains focused on growth and shareholder engagement.
Management's strategic focus on addressing client needs and enhancing digital capabilities positions Broadridge for long-term success.
Anticipated revenue growth and strong performance outlook indicate a positive trajectory for Broadridge Financial.

Broadridge posts record sales and dividend increase, eyes growth opportunities

Broadridge Financial's Q4 2024 performance reflects strong sales growth, financial stability, and shareholder value creation through dividends and buybacks.
The company's strategic focus on digitization, governance, and market expansion positions it well for sustained growth and profitability.
While facing challenges in maintaining growth targets, Broadridge has opportunities to leverage its strengths in technology, acquisitions, and market trends.

Broadridge Financial reports solid Q1 results, raises revenue guidance

Broadridge Financial delivered a strong performance in Q1 2025, with growth in governance and capital markets revenue. Despite challenges in Wealth and Investment Management, the company remains optimistic about the SIS acquisition and raised revenue guidance. The outlook for the year includes solid sales activity and confidence in revenue growth.

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NEW YORK and LONDON, July 19, 2021 /PRNewswire/ -- Enhancing the productivity and efficiency of its trading and portfolio management solution for its asset management clients globally, Broadridge Financial Solutions, Inc. (NYSE: BR), a global Fintech leader, today announced it will utilize OpenFin's operating system for financial desktops. With this new digital workspace solution, asset managers using Broadridge's next generation portfolio and order management system will benefit from componentized apps with highly configurable layouts and intuitive workflows.

Broadridge Teams with OpenFin to Offer Enhanced Digital Workspace for Portfolio Managers and Traders

This company isn't a household name, but it's one fintech investors should be aware of.

1 Dominant Fintech With Room to Grow

NEW YORK, July 8, 2021 /PRNewswire/ --  Broadridge Financial Solutions, Inc.  (NYSE: BR), a global Fintech leader, today announced that Keir Gumbs has been appointed Chief Legal Officer, effective July 27, 2021. Gumbs will succeed Adam Amsterdam, who will be retiring after nearly 30 years of leading Broadridge's Legal function.

Broadridge Names Keir Gumbs Chief Legal Officer

NEW YORK, July 7, 2021 /PRNewswire/ -- To better help financial advisors and wealth management clients accelerate growth, Broadridge Financial Solutions (NYSE: BR), a global Fintech leader, and TIFIN , today announced that Broadridge will integrate and distribute a broad range of TIFIN's Fintech wealth solutions that enable advisors to create hyper-personalized solutions for their clients. The distribution agreement follows Broadridge's April 2021 strategic investment in TIFIN, along with J.P.

Broadridge to Distribute TIFIN's Suite of Wealth Management Solutions, Accelerating Growth for Financial Advisors

NEW YORK, July 6, 2021 /PRNewswire/ -- To facilitate the clearing and settlement of both Shenzhen- and Shanghai-listed equities, China Renaissance has expanded its post-trade processing relationship with Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, via Stock Connect. The successful expansion announced today builds on the solutions China Renaissance have offered clients in equity trading via Stock Connect, with Broadridge's post-trade solution implemented in March 2020.

China Renaissance Selects Broadridge to Expand Post-trade Processing via Stock Connect

Fintech company Broadridge Financial Solutions Inc (NYSE: BR) acquired cloud-based Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan to drive its regulatory compliance capabilities for broker-dealers. The financial terms of the transaction remain undisclosed.

Broadridge Financial Solutions Acquires Cloud-Based ECS Assets From Jordan & Jordan

NEW YORK, July 1, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that it is further enhancing its regulatory compliance capabilities for broker-dealers with the acquisition of the cloud-based Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan. The solution provides a combination of surveillance and regulatory reporting as well as compliance consulting capabilities for US regulations.

Broadridge Acquires Innovative Compliance and Surveillance Solution for Broker-Dealers

NEW YORK, June 23, 2021 /PRNewswire/ -- To help streamline and consolidate all of its regulatory trade reporting commitments Bayerische Landesbank (BayernLB) has selected Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, to handle its regulatory trade and transaction reporting. BayernLB will utilize Broadridge's multi-asset class, multi-jurisdictional regulatory trade and transaction reporting solution to provide a single strategic solution to regulatory trade reporting commitments – including for SFTR, EMIR, MiFIR and MMSR.

BayernLB Selects Broadridge for Regulatory Trade and Transaction Reporting

HONG KONG, June 21, 2021 /PRNewswire/ -- Itiviti, a Broadridge Financial Solutions, Inc. (NYSE: BR) business, today announced the recognition of its trading system as the Best Front Office Platform at the WatersTechnology Asia Awards 2021.  Judged by a panel of industry experts from across the industry, the WatersTechnology Asia Awards are designed to recognize excellence in deploying and managing financial information and technology within Asia's capital market community.

Itiviti's trading system named Best Front Office Platform at WatersTechnology Asia Awards 2021

NEW YORK, June 14, 2021 /PRNewswire/ --  Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced the successful go-live of its transformative distributed ledger repo (DLR) platform. Early participants of the blockchain-enabled platform are realizing significant and immediate benefits of reduced risk, operational costs and enhanced liquidity, while also accelerating their digitization journey.

Broadridge Launches DLT Repo platform to Execute First Bilateral Repo Trades Using Smart Contracts

NEW YORK, June 9, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that it has acquired AdvisorStream , a leading provider of digital engagement and marketing solutions for the global wealth and insurance industries. The acquisition expands Broadridge's front-to-back office wealth capabilities, positioning Broadridge to serve growth-oriented advisors and firms looking to attract and engage prospects and clients across key digital channels.

Broadridge Expands Wealth Management Capabilities by Acquiring Innovative Digital Marketing Platform

NEW YORK, June 8, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, is pleased to announce the appointment of Melvin L. Flowers as an independent member of its Board of Directors, effective June 8, 2021.

Melvin L. Flowers Appointed to Broadridge Board of Directors

NEW YORK and LONDON, June 8, 2021 /PRNewswire/ -- Utilizing distributed ledger technology (DLT) to better streamline and connect the private equity ecosystem and assets, Broadridge Financial Solutions, Inc. (NYSE: BR) today released the latest evolution of its industry-leading Private Market Hub platform, using Amazon Managed Blockchain from Amazon Web Services, Inc. (AWS). The updated platform, the industry's first deployment of blockchain technology for the private equity market, now has added connectivity to existing industry tools and technologies to help further automate workflows between front-, middle- and back-office functions providing a consistent, secure, real-time view of the data.

Broadridge Collaborates with AWS to Extend its Private Market Hub, the Industry-Leading Private Equity Blockchain Solution

NEW YORK, May 18, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE: BR) announced that Tim Gokey, Chief Executive Officer, will speak at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference at 3:40pm on Tuesday, May 25th.

Broadridge to Participate in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference

NEW YORK, May 17, 2021   /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) ("Broadridge") today announced the closing of its offering of $1.0 billion aggregate principal amount of 2.600% senior notes due 2031 (the "Notes").  As previously announced, Broadridge intends to use the net proceeds of this offering to repay a portion of the outstanding indebtedness under its Term Credit Agreement and for general corporate purposes.

Broadridge Announces Closing of $1.0 Billion Senior Notes Offering

Broadridge (BR) has a robust business model that ensures significant recurring-fee revenues. A debt-laden balance sheet is concerning.

Broadridge (BR) Banking on Recurring Revenues, Debt Woe Stays

NEW YORK, May 17, 2021 /PRNewswire/ -- New worldwide class action laws brought on by globalization and increased participation in opt-in litigation have led to increased complexity in class action asset recovery opportunities. As a result of these developments, institutional investors, wealth managers and lawyers are shifting their approach to class action asset recovery to better meet the growing opportunities for their clients.

Road to Recover Class Action Proceeds Grows More Complex for Investors, Broadridge 2021 Global Class Action Annual Report Highlights

TORONTO and NEW YORK, May 13, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that Canadian financial services company Aviso Wealth Inc. ("Aviso Wealth") is being powered by Broadridge's digital advisor desktop and securities processing engine and is utilizing its integrated Digital Information Onboarding platforms. "Broadridge is the only firm with the proven technology, scale and experience to meet our ambitious business goals," said Bill Packham, President and CEO of Aviso Wealth.

Aviso Wealth Selects Broadridge to Power its Wealth Management Platform

NEW YORK, May 12, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, has completed its previously announced acquisition of Itiviti Holding AB ("Itiviti"), a leading provider of trading and connectivity technology to the capital markets industry. The acquisition enhances Broadridge's position as a global Fintech leader and significantly strengthens Broadridge's Capital Markets franchise.

Broadridge Completes Acquisition of Itiviti, Extending Capital Markets Franchise

NEW YORK, May 11, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) announced that its Board of Directors has declared a quarterly cash dividend of $0.575 per share. The dividend is payable on July 2, 2021 to stockholders of record at the close of business on June 15, 2021.

Broadridge Declares Quarterly Dividend Of $0.575 Per Share

NEW YORK, May 11, 2021 /PRNewswire/ -- As the financial services industry confronts the new realities of a post-pandemic era, many firms are beginning to shift toward mutualization models for their technology and operations, according to a new whitepaper released today by global Fintech leader Broadridge Financial Solutions, Inc. (NYSE:BR). Mutualization is a model where participants more quickly gain access to new technologies, scalability, and resiliency while saving time, money, and risk; by sharing in the benefits of an industry solution provided by a reliable, trusted, and independent third party.

New Fintech Delivery Model Transforming Financial Services Through Mutualized Services, Highlighted in Whitepaper from Broadridge

NEW YORK, May 6, 2021 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) ("Broadridge") today announced that it has priced $1.0 billion aggregate principal amount of 2.600% senior notes due 2031 (the "Notes") in an offering registered under the Securities Act of 1933, as amended. Broadridge intends to use the net proceeds of this offering to repay a portion of the outstanding indebtedness under its term credit agreement providing for term loan commitments in an aggregate principal amount of $2.55 billion ("Term Credit Agreement") and for general corporate purposes.

Broadridge Announces Pricing of $1.0 Billion Senior Notes

Broadridge released Q3 results May 4, 2021 and raised FY2021 guidance. The closing of the ~$2.5B Itivity acquisition continues to be scheduled for prior to FY2021 (June 30, 2021).

Broadridge: Where Is The Margin Of Safety?

Broadridge Financial Solutions, Inc. (BR) CEO Tim Gokey on Q3 2021 Results - Earnings Call Transcript

Growth in recurring revenue and adjusted operating income have driven Broadridge's (BR) third-quarter fiscal 2021 results.

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