Broadridge Q3 revenue and adjusted EPS beat estimates, raises FY26 outlook

Broadridge Financial Solutions

30/04/2026 12:13

Overview

US financial technology firm's fiscal Q3 revenue rose 8%, beating analyst expectations

Adjusted EPS for fiscal Q3 grew 11%, beating analyst expectations

Company raised FY26 guidance for recurring revenue and adjusted EPS growth

Outlook

Broadridge raises FY26 recurring revenue growth guidance to at or above 7% constant currency

Company increases FY26 adjusted EPS growth guidance to 10-12% from 9-12%

Broadridge lowers FY26 closed sales outlook to $240-290 mln from $290-330 mln

Result Drivers

RECURRING REVENUE GROWTH - Q3 recurring revenue rose 7%, driven by organic growth in ICS and GTO and acquisitions in ICS

HIGHER TRADING VOLUMES AND POSITION GROWTH - Strong equity and fund position growth and higher trading volumes contributed to results, per CEO Tim Gokey

EVENT-DRIVEN REVENUE INCREASE - Event-driven revenues rose 38%, mainly from higher mutual fund proxy and equity revenues

Company press release: ID:nPn4LPyBqa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.95 bln
$1.90 bln (7 Analysts)
Q3 Adjusted EPS
Beat
$2.72
$2.60 (8 Analysts)
Q3 EPS
$2.36
Q3 Net Income
$276.30 mln
Q3 Annual Recurring Revenue
$1.29 bln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the professional information services peer group is "buy"

Wall Street's median 12-month price target for Broadridge Financial Solutions Inc is $250.00, about 55.5% above its April 29 closing price of $160.75

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)