Broadridge Financial Solutions reported strong second-quarter fiscal 2025 results, with recurring revenues increasing by 9% (constant currency) and total revenues rising by 13% to $1.59 billion. Operating income grew by 69% to $211 million, while adjusted operating income rose 51% to $263 million. The company’s diluted EPS surged by 103% to $1.20, with adjusted EPS increasing by 70% to $1.56.
The company reaffirmed its full-year fiscal 2025 guidance, expecting 6-8% recurring revenue growth (constant currency), 8-12% adjusted EPS growth, and closed sales between $290 million and $330 million. CEO Tim Gokey highlighted Broadridge’s continued execution on its strategy to modernize financial services and leverage long-term trends such as increased investor participation.
Key segment results:
Investor Communication Solutions (ICS) total revenues grew 15% to $1.15 billion, driven by strong recurring and event-driven revenues.
Global Technology and Operations (GTO) recurring revenues increased 9% to $440 million, supported by organic growth and the acquisition of SIS.
Broadridge completed its $185 million acquisition of Kyndryl’s Securities Industry Services (SIS) in November 2024, expanding its wealth management and capital markets offerings in Canada.
The company will hold an investor call today at 8:30 a.m. ET, with a live webcast available on its Investor Relations website.