Record quarterly profitability and EBITDA
Adjusted consolidated EBITDA of $651 million, a 10% increase year-over-year, and a record Q1 adjusted consolidated EBITDA margin of 39.5% (40 bps expansion). Adjusted diluted EPS of $1.69, up 14.2% year-over-year.
Revenue and organic growth
Adjusted revenue of $1.648 billion. Adjusted organic revenue growth was 5% on a constant-currency basis; reported adjusted revenue increased 0.8% year-over-year (FY Q1 2026 vs Q1 2025).
Segment-level performance
GIDS grew 10.4%, GlobeOp grew 6.7%, and Intralinks grew 3.2% with positive leading indicators. Acquisitions contributed incremental revenue (GIDS +$38M, GlobeOp +$29M) and are executing ahead of expectations.
Strong cash generation and shareholder returns
Cash from operating activities of $300 million, up 10% year-over-year. Returned $233 million to shareholders in Q1 (2.3 million shares repurchased for $168 million at an average $72.60 and $65 million in dividends); 98% of allocated capital in Q1 returned to shareholders.
Raised full-year guidance
Updated FY2026 revenue range to $6.664B–$6.824B and adjusted diluted EPS guidance to $6.74–$7.06 (approx. 12% growth at midpoint). Company is targeting a 50 bps annual EBITDA expansion and a Q4 margin goal of ~40%.
Large AUA inflows and platform resilience
Added $581 billion of assets under administration since 2024, highlighting client retention and platform stickiness; management emphasizes deeply embedded workflows and recurring service revenue.
AI, automation and technology investments
Active deployment of AI and automation: partnership with Blue Prism, internal AgenTek capabilities, ~4,000 digital workers deployed and converting to AI agents. Management cites productivity/cost savings (estimated hundreds of millions annually) and expects AI to drive revenue opportunities and efficiency over time.
Acquisition performance — Calastone
Calastone integration performing well; management reported strong quarter for Calastone with some seasonality but overall outperformance versus expectations.