Broadridge Financial Solutions (BR) Q4 2026 earnings summary

Executive summary

• Fiscal 2026 delivered 8% recurring revenue growth (constant currency), 12% adjusted EPS growth to $9.60, 110% free cash flow conversion, and record Q4 closed sales of $305 million, with strong execution in digital, AI, and tokenization initiatives.

• Over $1 billion was returned to shareholders via dividends and record share repurchases; the annual dividend was raised by 12% to $4.36 per share, marking the 20th consecutive annual increase.

• Strategic investments in digitization, agentic AI, and tokenized assets are positioning the company for future market infrastructure needs, with significant progress in digital communications and tokenized asset platforms.

• Fiscal 2027 guidance targets 6%-8% recurring revenue growth, 8%-12% adjusted EPS growth, and closed sales of $290-$330 million, with continued investment in digital and tokenization initiatives.

Financial highlights

• Fiscal 2026 recurring revenues grew 8% to $4.9 billion, with organic growth of 6% and total revenues up 9% to $7.48 billion.

• Adjusted operating income margin rose to 20.5%, and adjusted EPS increased 12% to $9.60.

• Free cash flow reached $1.23 billion, representing 110% of adjusted earnings.

• Q4 recurring revenue grew 8% to $1.54 billion, and adjusted EPS rose 8% to $3.82.

Outlook and guidance

• Fiscal 2027 guidance: 6%-8% recurring revenue growth (constant currency), 8%-12% adjusted EPS growth, ~21% adjusted operating income margin, and free cash flow conversion above 100%.

• Closed sales expected between $290 million-$330 million; $25 million in AI-driven productivity gains anticipated.

• Event-driven revenues expected to moderate, and distribution revenues to grow mid-single digits.