earnings
confidence high
sentiment neutral
materiality 0.75
Broadridge Q1 adjusted EPS $1.00 misses prior year; raises FY2025 recurring revenue growth guidance to 6-8%
BROADRIDGE FINANCIAL SOLUTIONS, INC.
2025-Q1 EPS reported
$0.68
revenue$1,422,900,000
- Recurring revenues $900M (+4% constant currency); total revenues down 1% to $1,423M.
- Diluted EPS $0.68, Adjusted EPS $1.00 (down 8% YoY); operating income margin 9.4%.
- Closed sales rose 21% to $57M; FY2025 recurring revenue guidance raised to 6-8% (from 5-7%).
- Completed acquisition of Kyndryl's SIS business on Nov 1 for ~$185M, expanding Canadian wealth management and capital markets.
- GTO recurring revenue grew 2% constant currency, but Wealth & Investment Management declined 5% due to large client loss.