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Broadridge Financial Solutions (BR)
NYSE:BR
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
2.64Last Year’s EPS
2.44Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial positives: mid-single-digit recurring revenue growth (8% CC), improved organic growth (7%), robust free cash flow ($319M H1 vs $56M prior), strengthened tokenization traction (double-digit scale in tokenized volumes), Q2 closed sales momentum (+24%), and an upgraded adjusted EPS-growth outlook (9%–12%). Offsetting items are largely timing- and mix-related headwinds: a 110 bps margin decline in Q2 driven by lower event-driven revenue, expected moderation of digital-asset-related revenue due to changes in the Canton minting curve, and some license/timing swings that create near-term quarterly volatility. Management reaffirmed full-year recurring revenue and margin guidance and increased EPS guidance, signaling confidence in recovery of margins and continued investment in strategic initiatives. Overall, positives (growth, cash flow, product traction, guidance raise) materially outweigh the transitory challenges (timing, event volatility, digital-asset moderation).Company Guidance
Recurring Revenue Growth
Recurring revenues grew 9% year-over-year (8% on a constant currency basis), including 7% organic growth, indicating broad-based demand across businesses.
Adjusted EPS and Earnings Outlook
Adjusted EPS was $1.59 in Q2 (a 2% increase year-over-year). Management raised fiscal 2026 adjusted EPS growth guidance to 9%–12% (from 8%–12%).
Strong Closed Sales Momentum
Q2 closed sales rose 24% to $57 million. Full-year closed sales guidance reaffirmed at $290 million–$330 million, and pipeline generation increased by over 20% year-over-year.
Material Free Cash Flow Improvement
Free cash flow for the first six months was $319 million versus $56 million in the prior year period, and management expects free cash flow conversion >100% for fiscal 2026.
Governance Segment Strength and Position Growth
ICS (Governance) recurring revenues rose 9% to $590 million. Total equity position growth was 17% and revenue position growth was 11% in Q2; fund position growth improved from 2% in Q1 to 15% in Q2 (8% H1).
Tokenization and DLT Traction
Tokenization volumes doubled since June — tokenized $384 billion per day in December ($9 trillion for the month). Company launched digital bond issuance (SocGen) and plans a real-time repo capability (FY2026) and expansion to other asset classes (deposits in FY2027).
Wealth and Platform Momentum
Wealth recurring revenues grew 11% in Q2 (6% organic, 5% from SIS acquisition). The wealth platform won a significant sale extending coverage to ~1 million additional accounts and was named a leader by IDC.
Digital Asset Mark-to-Market Gain & Holdings
Recorded a $187 million non-cash mark-to-market gain in Q2; digital asset holdings rose to $265 million at quarter end, reflecting value from coin holdings and stake in the digital asset treasury.
M&A and Strategic Investments
Closed three tuck-in acquisitions in fiscal 2026 totaling $126 million (including Acler for $70 million) to expand product and geographic reach.
Revenue Base & Retention
Total revenue increased 8% to $1.7 billion; recurring revenue was the primary driver (5 points of total growth) and revenue retention remained strong at 98% for the quarter.
BR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | $198.34 | $185.95 | -6.25% |
Nov 04, 2025 | $220.25 | $221.92 | +0.76% |
Aug 05, 2025 | $246.45 | $263.18 | +6.79% |
May 01, 2025 | $239.56 | $225.34 | -5.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Broadridge Financial Solutions (BR) report earnings?
Broadridge Financial Solutions (BR) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Broadridge Financial Solutions (BR) earnings time?
Broadridge Financial Solutions (BR) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BR EPS forecast?
BR EPS forecast for the fiscal quarter 2026 (Q3) is 2.64.