Broadridge Financial Solutions Reports Q1 2027 Results with Strong Recurring Revenue Growth
Broadridge Financial Solutions (BR) reported fiscal first-quarter results characterized by strong recurring revenue growth, which reached $1.08 billion, up 11% on a constant currency basis. This growth was driven primarily by organic expansion in governance and global technology segments. Despite these gains, total revenue rose only 5% to $1.67 billion as significant declines in event-driven revenues partially offset the recurring stream. The company faced some headwinds, including a $40 million non-cash loss from digital asset holdings and a decrease in adjusted operating income margin to 13.8%. However, management highlighted successful cost-saving measures through AI productivity initiatives and robust capital allocation, having repurchased $200 million in shares during the quarter. Broadridge reaffirmed its full-year 2027 guidance for recurring revenue and adjusted EPS.
Topics: adjusted eps capital markets revenue free cash flow recurring revenue share repurchases