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Broadridge Financial Solutions — First Quarter Fiscal 2027 Earnings Summary

  • Total revenues increased 5% year-over-year to $1,669 million, driven by an 11% growth in recurring revenues to $1,083 million, while event-driven revenues fell 41% to $67 million.
  • Adjusted EPS rose 3% to $1.56, offsetting a 41% decline in diluted EPS to $0.83 caused by $40 million in non-cash digital asset losses; free cash flow improved to $76.3 million from $12.7 million.
  • Management reaffirmed full-year Fiscal 2027 guidance for 6-8% constant currency recurring revenue growth, 8-12% adjusted EPS growth, and an adjusted operating income margin of approximately 21%.
  • The company returned $311 million to shareholders via $200 million in share repurchases and $111 million in dividends, while incurring $15 million in restructuring costs related to AI and productivity initiatives.
  • Strategic momentum continues with acquisitions of CQG, Inc., Acolin, iJoin, and Signal Agency Limited, alongside a focus on scaling agentic AI and accelerating tokenization.
Company
BROADRIDGE FINANCIAL SOLUTIONS INC
Sector
Technology
Industry
Information Technology Services