--- title: "Broadridge Financial Solution | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.714 B" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/274660035.md" datetime: "2026-02-03T13:02:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274660035.md) - [en](https://longbridge.com/en/news/274660035.md) - [zh-HK](https://longbridge.com/zh-HK/news/274660035.md) --- > 支持的语言: [English](https://longbridge.com/en/news/274660035.md) | [繁體中文](https://longbridge.com/zh-HK/news/274660035.md) # Broadridge Financial Solution | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.714 B Revenue: As of FY2026 Q2, the actual value is USD 1.714 B, beating the estimate of USD 1.605 B. EPS: As of FY2026 Q2, the actual value is USD 2.42, beating the estimate of USD 1.0127. EBIT: As of FY2026 Q2, the actual value is USD 394 M. ### Second Quarter Fiscal Year 2026 Financial Highlights (vs. Second Quarter Fiscal Year 2025) #### Consolidated Financial Metrics - **Total Revenues:** Increased by 8% to $1,714 million, compared to $1,589 million in the prior year period. - **Recurring Revenues:** Increased by 9% to $1,070 million. Recurring revenue growth constant currency (Non-GAAP) was 8%. - **Operating Income:** Decreased by 2% to $206 million, with an operating income margin of 12.0% (down from 13.3%). - **Adjusted Operating Income (Non-GAAP):** Increased by 1% to $265 million, with an adjusted operating income margin of 15.5% (down from 16.6%). - **Interest Expense, Net:** Decreased by $9 million to $24 million. - **Effective Tax Rate:** Was 23.1%, compared to 19.1% in the prior year period. - **Net Earnings:** Increased by 100% to $285 million. - **Adjusted Net Earnings:** Increased by 1% to $187 million. - **Closed Sales:** Increased by 24% to $57 million. - **Event-driven Revenues:** Decreased by 27% to $91 million. #### Segment Performance - **Investor Communication Solutions (ICS):** - **Recurring Revenues:** Increased by 9% to $590 million. - **Earnings before Income Taxes:** Decreased by 21% to $137 million, primarily due to lower Event-driven revenues and a 12% increase in Operating expenses to $1,096 million. - **Pre-tax Margins:** Decreased to 11.1% from 15.1%. - **Recurring Revenue Growth Constant Currency (Non-GAAP):** Was 9%, driven by 4 points of Internal Growth, 3 points of Net New Business, and 2 points from acquisitions. - Regulatory: Rose 18% (GAAP and constant currency) to $249 million. - Data-driven fund solutions: Decreased 2% (GAAP and constant currency) to $113 million. - Issuer: Rose 8% (GAAP and constant currency) to $39 million. - Customer communications: Rose 6% (GAAP) and 5% (constant currency) to $189 million. - **Event-driven Revenues:** Decreased by 27% to $91 million. - **Distribution Revenues:** Increased by 14% to $553 million, driven by higher communication volume and a $32 million postage rate increase. - **Global Technology and Operations (GTO):** - **Recurring Revenues:** Increased by 8% to $481 million. - **Earnings before Income Taxes:** Increased by 56% to $78 million, as higher revenues offset higher expenses, including the impact of the SIS acquisition. - **Pre-tax Margins:** Increased to 16.1% from 11.3%. - **Recurring Revenue Growth Constant Currency (Non-GAAP):** Was 8%, driven by 6 points of organic growth and 2 points from the acquisition of Kyndryl’s Securities Industry Services business (SIS). - Capital Markets: Rose 6% (constant currency) to $301 million, including $7 million from digital asset revenues. - Wealth and Investment Management: Rose 11% (constant currency) to $180 million. - **Corporate and Other:** - **Earnings before Income Taxes:** Was $156 million, compared to a loss of - $48 million in the prior year, primarily due to an unrealized gain on digital assets of $137 million, a realized gain of $53 million related to the Canton Coins contribution, and a $9 million decline in Interest expense, net. #### Operational Metrics - **ICS Position Growth:** Equity positions grew 17%, Equity revenue positions grew 11%, and Mutual fund/ETF positions grew 15%. - **GTO Internal Trade Growth:** Was 11%. - **Year-to-date (YTD) Fiscal Year 2026:** Equity position growth was 15%, equity revenue position growth was 10%, mutual fund/ETF position growth was 8%, and internal trade growth was 14%. ### Six Months Fiscal Year 2026 Financial Highlights (vs. Six Months Fiscal Year 2025) #### Consolidated Financial Metrics - **Recurring Revenues:** Increased by 9% to $2,048 million. Recurring revenue growth constant currency (Non-GAAP) was 8%. - **Operating Income:** Increased by 14% to $395 million, with an operating income margin of 12.0% (up from 11.5%). - **Adjusted Operating Income (Non-GAAP):** Increased by 15% to $516 million, with an adjusted operating income margin of 15.6% (up from 14.9%). - **Interest Expense, Net:** Decreased by $17 million to $48 million. - **Effective Tax Rate:** Was 22.9%, compared to 19.6% in the prior year period. - **Net Earnings:** Increased by 103% to $450 million. - **Adjusted Net Earnings:** Increased by 20% to $365 million. - **Closed Sales:** Decreased by 13% to $89 million. #### Segment Performance - **Investor Communication Solutions (ICS):** - **Earnings before Income Taxes:** Decreased by 3% to $263 million, as higher revenues were offset by an 11% increase in Operating expenses to $2,100 million. - **Pre-tax Margins:** Decreased to 11.1% from 12.5%. - **Recurring Revenue Growth Constant Currency (Non-GAAP):** Was 7%, driven by 4 points of Net New Business, 2 points of Internal Growth, and 1 point from acquisitions. - Regulatory: Rose 11% (GAAP and constant currency). - Data-driven fund solutions: Rose 1% (GAAP) and 0% (constant currency). - Issuer: Rose 7% (GAAP and constant currency). - Customer communications: Rose 7% (GAAP and constant currency). - **Event-driven Revenues:** Increased by 9% to $204 million. - **Distribution Revenues:** Increased by 11% to $1,051 million, primarily due to postage rate increases of $57 million and higher Event-driven mailings. - **Global Technology and Operations (GTO):** - **Earnings before Income Taxes:** Increased by 49% to $145 million. - **Pre-tax Margins:** Increased to 15.4% from 11.5%. - **Recurring Revenue Growth Constant Currency (Non-GAAP):** Was 10%, driven by 6 points of organic growth and 4 points from the SIS acquisition. - Capital Markets: Rose 6% (constant currency), including $11 million from digital asset revenues. - Wealth and Investment Management: Rose 16% (constant currency). - **Corporate and Other:** - **Earnings before Income Taxes:** Was $175 million, compared to a loss of - $91 million in the prior year, primarily due to an unrealized gain on digital assets of $182 million, a realized gain of $53 million related to the Canton Coins contribution, and a $17 million decline in Interest expense, net. #### Cash Flow - **Net Cash Flows from Operating Activities:** Was $367.1 million, up from $111.2 million in the prior year period. - **Free Cash Flow (Non-GAAP):** Was $318.5 million, up from $56.3 million in the prior year period. - **Free Cash Flow Conversion (Non-GAAP):** Was 104% for the six months ended December 31, 2025, compared to 48% for the same period in 2024. #### Subsequent Event - **Acquisition:** On January 5, 2026, Broadridge Financial Solutions, Inc. acquired Acolin Group Holdco Limited for approximately $70 million plus contingent consideration, integrating it into the ICS segment. #### Outlook / Guidance Broadridge Financial Solutions, Inc. raised its fiscal year 2026 Adjusted EPS growth guidance to 9-12% from the previously stated 8-12%. The company reaffirmed its guidance for Recurring revenue growth constant currency at the higher end of 5-7%, Adjusted Operating income margin at 20-21%, and Closed sales at $290-$330 million. These updates aim to keep the company on track to achieve its three-year objectives. ### 相关股票 - [Broadridge Financial Solution (BR.US)](https://longbridge.com/zh-CN/quote/BR.US.md) ## 相关资讯与研究 - [Short Interest in Broadridge Financial Solutions, Inc. (NYSE:BR) Grows By 30.7%](https://longbridge.com/zh-CN/news/280947986.md) - [BlackRock Retains Top Spot in the U.S. 2026 Broadridge Fund Brand 50 Report | BR Stock News](https://longbridge.com/zh-CN/news/281138787.md) - [Aehr Test Systems to Announce Third Quarter Fiscal 2026 Financial Results on April 7, 2026 | AEHR Stock News](https://longbridge.com/zh-CN/news/281009812.md) - [Endeavour To Announce Its Q1 2026 Results On 30 April 2026 | EDVMF Stock News](https://longbridge.com/zh-CN/news/281490237.md) - [Wealth First Promoters Confirm 74% Stake With No Encumbrance in FY26](https://longbridge.com/zh-CN/news/281530653.md)