1. Broadridge's recurring revenues grew by 7%, 8% constant currency. 2. Diluted EPS increased by 15% to $2.05; Adjusted EPS rose by 9%. 3. FY'25 guidance reaffirms 6-8% revenue growth and 8-12% EPS growth. 4. Closed sales decreased by 11% this quarter compared to last year. 5. Strong free cash flow positions company for consistent growth.
Strong growth in recurring revenue and adjusted EPS signals positive performance, akin to similar growth periods which drove stock appreciation in previous years.
Robust earnings growth and reaffirmed guidance can bolster investor confidence, leading to increased stock value.
Immediate market reaction expected due to positive earnings report, similar to previous quarters' responses following strong financial results.
Reaffirming FY'25 guidance of 6-8% Recurring revenue growth constant currency with Adjusted EPS growth at the middle of 8-12% guidance range
NEW YORK, May 1, 2025 /PRNewswire/ -- Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the third quarter ended March 31, 2025 of its fiscal year 2025. Results compared with the same period last year were as follows:
| Financial Metrics | 2025 | 2024 | Change |
|---|---|---|---|
| Recurring revenues | $1,204 | $1,126 | 7% |
| Constant currency growth (Non-GAAP) | 8% | ||
| Total revenues | $1,812 | $1,726 | 5% |
An analyst conference call will be held today, May 1, 2025 at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the live event and access the slide presentation, visit Broadridge's Investor Relations website at www.broadridge-ir.com prior to the start of the webcast.
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world.
Investors: investors@broadridge.com
Media: media@broadridge.com