earnings
confidence high
sentiment positive
materiality 0.75
Broadridge Q2 FY2025: recurring revenue +9% cc, adj EPS $1.56 (+70%), reaffirms FY guide
BROADRIDGE FINANCIAL SOLUTIONS, INC.
2025-Q2 EPS
reported $1.88
vs consensus $3.60
▼ miss
(-47.8%)
- Recurring revenue grew 9% constant currency; total revenue up 13% to $1,589M.
- Adjusted EPS $1.56 vs $0.92 prior year (+70%); GAAP diluted EPS $1.20 vs $0.59 (+103%).
- Event-driven revenue surged 126% to $125M on higher mutual fund communications.
- Completed acquisition of Kyndryl's SIS for ~$185M on Nov 1, expanding Canadian wealth mgmt.
- FY2025 guidance reaffirmed: 6-8% recurring revenue growth cc, 8-12% adj EPS growth.