Broadridge Financial Solutions ( (BR) ) has released its Q3 earnings. Here is a breakdown of the information Broadridge Financial Solutions presented to its investors.
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Broadridge Financial Solutions, Inc., a global leader in fintech, provides essential infrastructure for investing, corporate governance, and communications, serving banks, broker-dealers, asset and wealth managers, and public companies worldwide.
In its third quarter fiscal 2025 earnings report, Broadridge Financial Solutions announced a solid performance with a 7% increase in recurring revenues and a 15% rise in diluted earnings per share. The company continues to demonstrate resilience and stability amid market uncertainties, reaffirming its fiscal year 2025 guidance.
Key financial highlights include a 5% increase in total revenues to $1.812 billion and a 14% rise in operating income to $345 million. The company’s adjusted earnings per share grew by 9% to $2.44, and its operating income margin improved to 19%. Despite a decrease in closed sales, Broadridge’s strategic focus on digitizing governance and modernizing wealth management has driven growth.
Broadridge’s Global Technology and Operations segment reported a 9% increase in recurring revenues, bolstered by organic growth and acquisitions. The Investor Communication Solutions segment saw a 6% rise in recurring revenues, driven by growth in regulatory and data-driven fund solutions.
Looking ahead, Broadridge remains optimistic about achieving its fiscal year 2025 growth objectives, with expectations of 6-8% recurring revenue growth and adjusted EPS growth in the middle of its guidance range. The company’s strategic initiatives are expected to continue supporting long-term growth.
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