NYSE: BR
Broadridge Financial Solutions
Industrials · Services-Business Services, NEC
52-week range
Stock price
Market cap
At each fiscal year end: closing price × shares outstanding.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$15.6B
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| Period | Market cap |
|---|---|
| FY2017, ended Jun 30, 2017 | $8.80B |
| FY2018, ended Jun 30, 2018 | $13.4B |
| FY2019, ended Jun 30, 2019 | $14.6B |
| FY2020, ended Jun 30, 2020 | $14.5B |
| FY2021, ended Jun 30, 2021 | $18.8B |
| FY2022, ended Jun 30, 2022 | $16.7B |
| FY2023, ended Jun 30, 2023 | $19.6B |
| FY2024, ended Jun 30, 2024 | $23.0B |
| FY2025, ended Jun 30, 2025 | $28.5B |
| FY2026, ended Jun 30, 2026 | $15.6B |
Revenue
By fiscal year.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$7.48B
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| Period | Revenue |
|---|---|
| FY2017, ended Jun 30, 2017 | $4.14B |
| FY2018, ended Jun 30, 2018 | $4.33B |
| FY2019, ended Jun 30, 2019 | $4.36B |
| FY2020, ended Jun 30, 2020 | $4.53B |
| FY2021, ended Jun 30, 2021 | $4.99B |
| FY2022, ended Jun 30, 2022 | $5.71B |
| FY2023, ended Jun 30, 2023 | $6.06B |
| FY2024, ended Jun 30, 2024 | $6.51B |
| FY2025, ended Jun 30, 2025 | $6.89B |
| FY2026, ended Jun 30, 2026 | $7.48B |
Net income and free cash flow
By fiscal year. Free cash flow is operating cash flow minus capex.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2017, ended Jun 30, 2017 | $327M | $431M |
| FY2018, ended Jun 30, 2018 | $428M | $617M |
| FY2019, ended Jun 30, 2019 | $482M | $566M |
| FY2020, ended Jun 30, 2020 | $463M | $536M |
| FY2021, ended Jun 30, 2021 | $548M | $588M |
| FY2022, ended Jun 30, 2022 | $539M | $415M |
| FY2023, ended Jun 30, 2023 | $631M | $785M |
| FY2024, ended Jun 30, 2024 | $698M | $999M |
| FY2025, ended Jun 30, 2025 | $840M | $1.13B |
| FY2026, ended Jun 30, 2026 | $1.12B | $1.28B |
Cash and cash equivalents
At each fiscal year end.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$403M
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| Period | Cash and cash equivalents |
|---|---|
| FY2017, ended Jun 30, 2017 | $271M |
| FY2018, ended Jun 30, 2018 | $264M |
| FY2019, ended Jun 30, 2019 | $273M |
| FY2020, ended Jun 30, 2020 | $477M |
| FY2021, ended Jun 30, 2021 | $275M |
| FY2022, ended Jun 30, 2022 | $225M |
| FY2023, ended Jun 30, 2023 | $252M |
| FY2024, ended Jun 30, 2024 | $304M |
| FY2025, ended Jun 30, 2025 | $562M |
| FY2026, ended Jun 30, 2026 | $403M |
Total debt
At each fiscal year end. Short- and long-term borrowings, excluding leases.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.$3.25B
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| Period | Total debt |
|---|---|
| FY2017, ended Jun 30, 2017 | $1.10B |
| FY2018, ended Jun 30, 2018 | $1.05B |
| FY2019, ended Jun 30, 2019 | $1.47B |
| FY2020, ended Jun 30, 2020 | $1.79B |
| FY2021, ended Jun 30, 2021 | $3.89B |
| FY2022, ended Jun 30, 2022 | $3.79B |
| FY2023, ended Jun 30, 2023 | $3.41B |
| FY2024, ended Jun 30, 2024 | $3.36B |
| FY2025, ended Jun 30, 2025 | $3.25B |
| FY2026, ended Jun 30, 2026 | $3.25B |
Shares outstanding
At each fiscal year end, adjusted for splits. Down 2.1% since 2017.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.114M
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| Period | Shares outstanding |
|---|---|
| FY2017, ended Jun 30, 2017 | 116M |
| FY2018, ended Jun 30, 2018 | 116M |
| FY2019, ended Jun 30, 2019 | 114M |
| FY2020, ended Jun 30, 2020 | 115M |
| FY2021, ended Jun 30, 2021 | 116M |
| FY2022, ended Jun 30, 2022 | 117M |
| FY2023, ended Jun 30, 2023 | 118M |
| FY2024, ended Jun 30, 2024 | 117M |
| FY2025, ended Jun 30, 2025 | 117M |
| FY2026, ended Jun 30, 2026 | 114M |
Buybacks and new shares
By fiscal year, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for FY2026, ended Jun 30, 2026. Hover or tap a column for another year.Net: $510M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2017, ended Jun 30, 2017 | $343M | $46.1M |
| FY2018, ended Jun 30, 2018 | $277M | $55.1M |
| FY2019, ended Jun 30, 2019 | $398M | $58.4M |
| FY2020, ended Jun 30, 2020 | $69.3M | $60.8M |
| FY2021, ended Jun 30, 2021 | $21.5M | $58.6M |
| FY2022, ended Jun 30, 2022 | $22.8M | $68.4M |
| FY2023, ended Jun 30, 2023 | $24.3M | $73.1M |
| FY2024, ended Jun 30, 2024 | $485M | $70.6M |
| FY2025, ended Jun 30, 2025 | $135M | $73.4M |
| FY2026, ended Jun 30, 2026 | $604M | $93.9M |
Revenue (TTM)
$7.48B
+8.5% YoY
Net income (TTM)
$1.12B
+33.9% YoY
Cash
$403M
−28.2% YoY
Total debt
$3.25B
+0.1% YoY
Valuation
At current price- Market Cap
- $20.4B
- P/E
- 18.1×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 2.7×
- Price / Book
- 7.2×
- EV / EBITDA
- 16.2×
Growth
Trailing 12 months- Revenue (TTM)
- $7.48B
- Revenue Growth YoY
- 8.5%
- Revenue CAGR 3Y
- 7.2%
- Revenue CAGR 5Y
- 8.4%
- EPS Growth YoY
- 35.2%
- Net Income Growth YoY
- 33.9%
Profitability
Trailing 12 months- Gross Margin
- 31.8%
- Operating Margin
- 17.4%
- Net Margin
- 15.0%
- FCF Margin
- 17.1%
- Return on Equity
- 40.9%
Earnings
Trailing 12 months- Net Income
- $1.12B
- EPS (diluted)
- $9.60
- EBITDA
- $1.44B
- Operating Income
- $1.30B
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $403M
- Total Debt
- $3.25B
- Net Debt
- $2.85B
- Total Assets
- $8.95B
- Total Liabilities
- $6.10B
- Shareholders' Equity
- $2.84B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.35B
- Capital Expenditure
- $67.2M
- Free Cash Flow
- $1.28B
Dividends and risk
Last 12 months- Dividend Yield
- 2.2%
- Dividend / Share
- $4.02
- Beta (5Y)
- 0.93
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 8.5% year over year, at $7.48B.
Note
Net margin of 15.0% over the last 12 months.
Note
Net debt of $2.85B is 2.0× EBITDA.
Strength
Turns 17.1% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Jun 30, 2026 · filed Aug 4, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K73Good news
10-K for the fiscal year ended Jun 30, 2025
Filed Aug 5, 2025 · Read the filing on EDGAR
- Revenue rose 6% to $6,889.1 million, operating income rose 17% to $1,188.6 million, and net earnings rose 20% to $839.5 million.
- Profit growth was helped by much lower restructuring costs ($7.4 million versus $63.0 million) and no repeat of last year's $18.4 million litigation charge.
- New contract signings fell to $287.9 million from $341.8 million, while free cash flow rose to $1,056.4 million.
- Broadridge bought SIS and CompSci for $193.5 million and agreed to buy Acolin for about $70 million; $500 million of notes come due June 2026.
Business momentum
Strong improvement
“Net earnings $ 839.5 $ 698.1 $ 141.4 20”
Outlook
Neutral
“Although it is difficult to forecast the levels of event-driven activity, we expect that the portion of revenues derived from mutual fund proxy activity may continue to experience volatility in the future.”
Financial stress
Low
“we expect cash generated by our operations, together with existing cash, cash equivalents, and borrowings from the capital markets, to be sufficient to cover cash needs for working capital, capital expenditures, strategic acquisitions, dividends and common stock repurchases.”
Tone against the previous report
More positive
Red flags
None found in this report.
Positives
Profits grew much faster than sales, with wider margins
“Operating income 1,188.6 1,017.1 171.4 17”
Recurring revenue, the steadiest income source, grew 7%
“Recurring revenues increased $285.4 million, or 7%, to $4,507.9 million.”
Free cash flow rose to over $1 billion
“Free cash flow (Non-GAAP) $ 1,056.4 $ 943.2 $ 113.1”
Concerns
New contract signings fell about 16%, which may slow future revenue
“For the fiscal years ended June 30, 2025 and 2024, Closed sales were $287.9 million and $341.8 million, respectively.”
$1.38 billion of debt falls due within about two years and needs repaying or refinancing
“The Fiscal 2016 Senior Notes were reclassified from Long-term debt to Current portion of long-term debt in the fourth quarter of fiscal year 2025 to reflect the remaining maturity of less than one year.”
Losing a large client dragged on wealth business growth; most of its growth came from an acquisition
“Organic growth was negatively impacted by 4pts as a result of the loss of a large client during the prior year period.”
New risks since the previous report
AI products and tools could cause errors, legal trouble or fail to pay off
“there is no assurance that our use or development of AI will enhance our products or services or their marketability, improve operating results, or deliver anticipated benefits”
Canadian competition regulator is still reviewing the completed SIS acquisition
“Our discussions with the Canadian Competition Bureau are ongoing.”
Postal service problems or higher postage could disrupt mailings and cut demand
“the USPS has incurred significant financial losses in recent years and may, as a result, implement significant changes to the breadth or frequency of its mail delivery”
Biggest risks named
- Regulatory changes affecting proxy and fund communications, including a shift from paper to digital delivery
- Dependence on a few large financial clients and possible write-offs of onboarding costs
- Cyberattacks, system failures and reliance on third-party providers
- Lower securities market activity reducing fees and event-driven revenue
- High debt, credit downgrade risk and possible goodwill write-downs
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +12 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −1.5 | |
| Score | 73 | |
Written by AI (Claude Opus 5.5) from the report’s text. 12 of 12 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Aug 4, 2026 | Pro | |||
| 10-K | Aug 5, 2025 | 73 | Strong improvement | None | |
| 10-K | Aug 6, 2024 | 62 | Improving | 2 minor | |
| 10-K | Aug 8, 2023 | 74 | Strong improvement | None | |
| 10-K | Aug 12, 2022 | 64 | Improving | None | |
| 10-K | Aug 12, 2021 | 70 | Strong improvement | None | |
| 10-K | Aug 11, 2020 | 50 | Mixed | 1 minor | |
| 10-K | Aug 6, 2019 | 64 | Improving | None | |
| 10-K | Aug 7, 2018 | 70 | Strong improvement | None | |
| 10-K | Aug 10, 2017 | 71 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-K for FY2026 (period ended Jun 30, 2026), filed Aug 4, 2026. View filings on SEC EDGAR