---
schema_version: "secwatch.filing_event.v1"
accession: "0001383312-23-000008"
form_type: "8-K"
ticker: "BR"
cik: "0001383312"
company_name: "BROADRIDGE FINANCIAL SOLUTIONS, INC."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:06:52.549869+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Broadridge Q2 FY2023: Recurring revenue up 8% constant currency; adjusted EPS +11%

## Summary
- Recurring revenue $840M (+6% reported, +8% constant currency); total revenue $1,293M (+3%).
- Diluted EPS $0.48 (+20%); adjusted EPS $0.91 (+11%).
- ICS recurring revenue $467M (+9% reported, +10% constant currency); GTO recurring revenue $373M (+2% reported, +6% constant currency).
- Closed sales $65M, down 20% from $82M in prior-year quarter.
- FY2023 guidance reaffirmed: recurring revenue growth 6-9% constant currency, adjusted EPS growth 7-11%.

## SEC filing metadata
- accession: 0001383312-23-000008
- form_type: 8-K
- ticker: BR
- cik: 0001383312
- company_name: BROADRIDGE FINANCIAL SOLUTIONS, INC.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1383312/000138331223000008/0001383312-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1383312/000138331223000008/br-20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001383312-23-000008
- JSON: https://secwatch.observer/filing/0001383312-23-000008.json
- Plain text: https://secwatch.observer/filing/0001383312-23-000008.txt

## Key facts
- Earnings Releases
  BROADRIDGE FINANCIAL SOLUTIONS, INC. reported second quarter of fiscal year 2023 ended December 31, 2022 results: revenue $1,293 million, net income $58 million, EPS $0.48. Guidance reaffirmed.
  - Period: second quarter of fiscal year 2023 ended December 31, 2022
  - Revenue: $1,293 million
  - Net income: $58 million
  - EPS: $0.48
  - Guidance: reaffirmed
  - Result: reported results
  source text: Financial Results for Second Quarter Fiscal Year 2023 compared to Second Quarter Fiscal Year 2022 • Total revenues increased 3% to $1,293 million from $1,260 million. ◦ Recurring revenues increased $47 million, or 6%, to $840 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by organic growth from a combination of growth in Net New Business in GTO and ICS and Internal Growth, primarily in our ICS business. ◦ Event-driven revenues decreased $27 million, or 42%, to $38 million, primarily due to the decrease in volume of mutual fund proxy communications. ◦ Distribution revenues increased $13 million, or 3%, to $415 million, primarily driven by the impact of a postage rate increase of approximately $20 million, partially offset by lower volume of ICS mutual fund communications. • Operating income was $108 million, an increase of $39 million, or 57%. Operating income margin increased to 8.3%, compared to 5.5% for the prior year period, due to the growth in Recurr
  evidence_url: https://www.sec.gov/Archives/edgar/data/1383312/000138331223000008/0001383312-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.