Broadridge Financial Solutions, Inc.
- Open
- 136.24
- Day high
- 141.99
- Day low
- 136.24
- Prev close
- 136.95
- Volume
- 81K
- Mkt cap
- $16.2B
- P/E (TTM)
- 14.9
- EPS (TTM)
- $9.42
- P/B
- 5.8
- P/S
- 2.2
- Yield
- 2.78%
- Per share
- $3.90
- ▼Insiders net selling -$305K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions mixed (13F)
Broadridge Financial Solutions, Inc. (BR) is a Technology company listed on NYSE. The stock is down 44% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 2 published research articles covering BR.
Broadridge Financial Solutions, Inc. (BR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $2.63 | $2.72 | +3.4% | $2.0B | +2.6% |
| Feb 3, 2026 | $1.34 | $1.59 | +18.7% | $1.7B | -10.5% |
| May 1, 2025 | $2.41 | $2.44 | +1.2% | $1.8B | -2.8% |
| Jan 31, 2025 | $1.32 | $1.56 | +18.2% | $1.6B | +2.1% |
| Feb 1, 2024 | $0.88 | $0.92 | +4.5% | $1.4B | +0.2% |
| Nov 2, 2023 | $0.94 | $1.09 | +16.0% | $1.4B | +3.1% |
| May 2, 2023 | $2.02 | $2.05 | +1.5% | $1.6B | -11.6% |
| Feb 2, 2023 | $0.91 | $0.91 | +0.0% | $1.3B | -3.9% |
| Nov 2, 2022 | $0.87 | $0.84 | -3.4% | $1.3B | +1.7% |
| Aug 12, 2022 | $2.62 | $2.65 | +1.1% | $1.7B | +3.7% |
| May 3, 2022 | $1.78 | $1.93 | +8.4% | $1.5B | -0.2% |
| Feb 1, 2022 | $0.81 | $0.83 | +2.5% | $1.3B | +5.1% |
BR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 29, 2026 | Ghei Ashimaofficer: CFO | Tax | 905 | $137.93 |
| Jun 29, 2026 | Ghei Ashimaofficer: CFO | Option | 2,509 | — |
| Jun 11, 2026 | Nazareth Annette L.director | Grant | 206 | — |
| Jun 11, 2026 | Zavery Amitdirector | Grant | 206 | — |
| Jun 11, 2026 | Mosconi Patricia Anndirector | Grant | 206 | — |
| Jun 11, 2026 | MURRAY EILEEN Kdirector | Grant | 445 | — |
| Jun 11, 2026 | Markus Maura A.director | Grant | 239 | — |
| Jun 5, 2026 | Jarkowski Hope M.officer: Chief Legal Officer | Sell | 1,966 | $155.00 |
| Apr 9, 2026 | Zavery Amitdirector | Grant | 24 | — |
| Apr 9, 2026 | MURRAY EILEEN Kdirector | Grant | 16 | — |
| Apr 9, 2026 | Nazareth Annette L.director | Grant | 16 | — |
| Apr 9, 2026 | Markus Maura A.director | Grant | 29 | — |
| Apr 9, 2026 | MURRAY EILEEN Kdirector | Grant | 13 | — |
| Apr 9, 2026 | Nazareth Annette L.director | Grant | 17 | — |
| Apr 9, 2026 | FLOWERS MELVIN Ldirector | Grant | 16 | — |
Source: BR SEC Form 4 filings, latest Jun 29, 2026. For informational purposes only — not investment advice.
See the full BR insider & 13F page →BR research & analysis
Northern Trust Joins ICE ETF Hub: What It Means for the $10T ETF Back-Office Battle
Northern Trust's decision to join the ICE ETF Hub marks a consolidation milestone in the $10 trillion ETF back-office market. ICE is the structural winner as the platform landlord, BNY Mellon leads on scale, State Street offers the deepest value, Northern Trust is the most compelling turnaround, and Broadridge provides contrarian recurring-revenue exposure after a 19% drawdown.
ICEBKSTTAt what scale does ICE's ETF Hub become a winner-take-most platform — and is it approaching that threshold?
ICE's ETF Hub is approaching a winner-take-most threshold as Northern Trust's addition means three of the four largest U.S. ETF custodians now route through a single platform, covering an estimated 70-80% of custody assets. ICE is the clearest beneficiary of platform network effects, while custodian banks like BNY and State Street gain operational efficiencies but risk ceding pricing power, and middleware providers Broadridge and SS&C face long-term displacement risk.
ICEBKSTT
Broadridge Financial Solutions, Inc. company profile
Overview
Broadridge Financial Solutions, Inc. (NYSE:BR) is a leading provider of investor communications and technology-driven solutions for the financial services industry. Founded in 1962 and headquartered in Lake Success, New York, the company went public in 2007 after being spun off from Automatic Data Processing (ADP). Broadridge has evolved from a traditional proxy processing company into a comprehensive fintech solutions provider, serving banks, broker-dealers, asset managers, wealth management firms, and public companies across the globe. The company operates through two main business segments and has established itself as critical infrastructure for the financial services ecosystem.
Business
Broadridge operates in the financial technology services sector, providing mission-critical infrastructure and solutions that enable the functioning of capital markets and investor communications. The company's business is divided into two primary segments: Investor Communication Solutions (ICS) represents approximately 60% of total revenue and focuses on governance and regulatory communications. This segment processes and distributes proxy materials to investors in equity securities and mutual funds, facilitating shareholder voting and corporate governance. The core offering includes ProxyEdge, an electronic proxy delivery and voting solution that modernizes traditional paper-based processes. The segment also handles regulatory reporting, tax document distribution, class action notifications, and corporate reorganization communications. Additionally, it provides data-driven fund solutions, issuer services for public companies, and omni-channel customer communications through the Broadridge Communications Cloud platform. Global Technology and Operations (GTO) accounts for roughly 40% of revenue and provides comprehensive technology solutions for capital markets and wealth management. This segment automates the entire transaction lifecycle from trade execution to settlement, covering equity, fixed income, foreign exchange, and derivatives trading. Key services include order management systems, trade confirmation, margin calculations, clearance and settlement, reference data management, securities financing, collateral management, and regulatory reporting. The segment also offers wealth management platforms, portfolio accounting systems, and business process outsourcing services. A significant component is the Itiviti acquisition, which strengthened Broadridge's front-office trading capabilities and expanded its presence in European markets. The company serves as essential infrastructure for financial markets, processing trillions of dollars in transactions annually and facilitating communications between public companies and their shareholders. Broadridge's solutions enable the democratization of investing by making it easier for retail investors to participate in markets and access investment products.
Competitive moat
Broadridge possesses a substantial economic moat built on several reinforcing competitive advantages. The company operates as essential infrastructure for financial markets, creating high switching costs and network effects that protect its market position. Regulatory and compliance moat represents the strongest defensive characteristic. Broadridge handles highly regulated processes like proxy voting, regulatory reporting, and trade settlement that require extensive compliance expertise, regulatory approvals, and audit trails. The cost and risk of switching providers for these mission-critical functions creates significant customer stickiness. Financial institutions cannot afford disruptions to these processes, making Broadridge's services essentially non-discretionary. Network effects and scale advantages strengthen the moat as Broadridge processes communications for a large percentage of publicly traded companies and their shareholders. This creates value for all participants - issuers benefit from comprehensive shareholder reach, while shareholders receive consolidated communications. The company's scale enables it to spread technology development costs across a large customer base and negotiate favorable rates with service providers. Data and integration advantages emerge from Broadridge's central position in financial workflows. The company possesses unique datasets on shareholder behavior, voting patterns, and market activities that enhance its analytics offerings. Deep integration with client systems creates additional switching costs. However, the moat faces some challenges. Technology disruption could potentially allow new entrants to offer more modern solutions, particularly in areas like blockchain-based voting or direct issuer-to-shareholder communications. Large financial institutions occasionally consider building in-house capabilities, though the complexity and regulatory requirements typically favor outsourcing. Competition from established players like Computershare in certain segments and potential regulatory changes around proxy advisory services could also impact competitive positioning. Despite these risks, Broadridge's combination of regulatory expertise, scale, and mission-critical nature creates a durable competitive position that would be difficult for competitors to replicate.
Risks & safety
Broadridge demonstrates a solid financial foundation with manageable risks, though valuation appears elevated relative to historical norms. Overall Assessment: The company maintains strong financial health with predictable cash flows, though current valuation metrics suggest limited margin of safety. • Liquidity and Solvency: Current ratio of 1.32x provides adequate short-term liquidity. Free cash flow of $349 million in Q3 2025 demonstrates strong cash generation. However, debt-to-equity ratio of 1.53x indicates moderate leverage levels that require monitoring. • Valuation Metrics: Price-to-earnings ratio of 29.2x appears elevated for a mature technology services company. EV/EBITDA of 23.0x suggests premium valuation. Price-to-book ratio of 11.9x reflects significant intangible asset value but limits downside protection. • Other Considerations: Recurring revenue model (94% of total) provides earnings stability and predictability. Strong return on equity of 10.2% indicates efficient capital allocation. Graham number analysis suggests potential overvaluation relative to conservative metrics, though this may be appropriate given the company's moat characteristics and growth profile.
Recent development
Over the past several years, Broadridge has executed a comprehensive transformation strategy focused on three key pillars: democratizing investing, simplifying capital markets technology, and modernizing wealth management solutions. Technology Platform Investments: The company has made substantial investments in artificial intelligence and digital solutions, launching products like OpsGPT and BondGPT to enhance operational efficiency and client services. The development of the Broadridge Communications Cloud platform has enabled omni-channel customer engagement and improved digital delivery capabilities. These investments support the ongoing transition from print-based to digital communications while maintaining profitability. Strategic Acquisitions: The Itiviti acquisition significantly expanded Broadridge's front-office trading capabilities and European market presence, contributing to strong growth in capital markets revenues. More recently, the company acquired the SIS business in Canada for $185 million, strengthening its position in the Canadian market and adding to recurring revenue growth. Wealth Management Platform Development: Broadridge has built a comprehensive wealth management technology platform, completing 26 of 29 planned modules. The successful implementation of this platform for UBS demonstrates the company's capability to handle large-scale digital transformations for major financial institutions. This positions Broadridge to capture opportunities in the $16 billion wealth technology market. Digital Transformation Initiatives: The company has accelerated digital adoption across its client base, with increasing interest in digital delivery solutions, data analytics, and automated processes. The successful transition to T+1 settlement showcased Broadridge's ability to manage industry-wide operational changes while maintaining system stability. Recent quarters have shown strong sales performance with record closed sales of $342 million in fiscal 2024, indicating robust demand for Broadridge's solutions despite economic uncertainties. The company continues to invest in emerging technologies like blockchain and distributed ledger solutions while maintaining focus on core business growth through position expansion and new client acquisition.
BR company profile · for informational purposes only — not investment advice.
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