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Provides proxy voting/investor communications infrastructure and technology/data services to banks, brokers and public companies.
Provides proxy voting/investor communications infrastructure and technology/data services to banks, brokers and public companies.
Earns most of its revenue from recurring fees for each piece of shareholder material it delivers or vote it processes on behalf of brokers and banks, paid mainly by the companies whose shares are held, under rules set by US regulators. Contested votes and fund-company votes add uneven extra revenue, and its technology unit handles trade processing for banks and brokers. It was spun off from ADP in 2007.
Moat: wide (scale, regulatory licence, network effects). Near-monopoly infrastructure for US proxy distribution/voting that is deeply embedded in regulatory processes.
Headquarters: Lake Success, New York, US · Founded: 1962 · Employees: 16,000
Size Broadridge Financial Solutions (BR) is a United States Industrials company (Information Technology Services) with a market value of $21.5B, the 473rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $190.40 on 6 Nov 2026.
Performance Over six months the shares gained 28.2%, against -7.2% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 7.1% over the last twelve months (peer median +12.7%); the operating margin is 17.2% (peer median 13.2%).
Valuation It trades at 17.9× forward earnings against a peer median of 22.7× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 8.5 points above its cost of capital (8.8% WACC).
Credit Broadridge Financial Solutions has 3 bonds outstanding ($2.25B), rated BBB by the agencies and trading like BBB at a weighted spread of 101 bp.
Short interest Short interest is 2.7% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $7.56B | $7.48B | $6.89B | $6.51B | $6.06B |
| Revenue growth | — | +9% | +6% | +7% | — |
| Gross profit | $2.38B | $2.38B | $2.14B | $1.95B | $1.79B |
| EBITDA | $1.81B | $1.84B | $1.71B | $1.56B | $1.40B |
| Net income | $1.05B | $1.12B | $840M | $698M | $631M |
| Free cash flow | $1.33B | $1.28B | $1.13B | $999M | $785M |
| Capital expenditure | $99.9M | $113M | $115M | $113M | $75.2M |
| Total debt | $3.60B | $3.52B | $3.46B | $3.58B | $3.65B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Broadridge Financial Solutions BR | $21.5B | +28% | +7% | 17% | 17.9× | 8.5% |
| Computershare CPU.AX | $17.2B | +44% | 0% | 30% | 19.1× | -2.6% |
| Automatic Data Processing ADP | $120B | +44% | +6% | 27% | 24.0× | 6.6% |
| SS&C Technologies SSNC | $18.2B | +13% | +9% | 24% | 10.2× | 6.9% |
| Donnelley Financial Solutions DFIN | $1.63B | +56% | +5% | 20% | 12.3× | -4.7% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.2% | +3.8% | 5th highest of 21 |
| 6-month return | +28.2% | -7.2% | 2nd highest of 20 |
| Distance from 52-week high | -17.2% | -21.3% | 8th highest of 21 |
| Revenue growth (TTM) | +7.1% | +12.7% | 7th lowest of 21 |
| Operating margin | 17.2% | 13.2% | 9th highest of 21 |
| Forward P/E | 17.9× | 22.7× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 8.5% | 16.8% | 3rd least demanding of 16 |
| Growth delivered (Del g) | +7.8% | +6.5% | 7th highest of 15 |
| Hurdle (Req g minus delivered) | +0.7 pp | +9.7 pp | 4th least demanding of 15 |
| ROIC minus cost of capital | +8.5 pp | +1.5 pp | 5th highest of 20 |
| EV / EBITDA | 13.8× | 17.5× | 6th cheapest of 19 |
| Net debt / EBITDA | 1.8× | 2.4× | 9th least indebted of 21 |
| Bond spread | 101 bp | 99 bp | 7th widest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Broadridge Financial Solutions BR | United States | $21.5B | +28% | +7% | 17% | 17.9× | 8.5% | +7.8% |
| Arxis ARXS | United States | $21.5B | +42% | +114% | 20% | 54.2× | 58.8% | n/a |
| Southwest Airlines LUV | United States | $21.8B | +8% | +14% | 5% | 13.7× | n/a | n/a |
| Equifax EFX | United States | $22.2B | +8% | +11% | 19% | 20.9× | 16.9% | +8.0% |
| SYM SYM | United States | $22.3B | -30% | +20% | 1% | 101.9× | n/a | n/a |
| Xylem XYL | United States | $22.4B | -14% | +2% | 16% | 17.4× | 12.1% | +13.1% |
| XPO XPO | United States | $20.6B | -13% | +9% | 11% | 26.6× | 26.2% | -4.4% |
| Hubbell HUBB | United States | $22.7B | -13% | +16% | 21% | 19.1× | 10.5% | +9.7% |
| J.B. Hunt JBHT | United States | $20.3B | -11% | +11% | 7% | 24.3× | 16.8% | +4.5% |
| GFL Environmental GFL | United States | $20.2B | +26% | +5% | 5% | 58.8× | 42.5% | +7.9% |
| Fortive FTV | United States | $19.5B | +8% | -22% | 20% | 20.0× | 17.2% | -2.1% |
| Expeditors International EXPD | United States | $24.0B | +18% | +19% | 10% | 21.1× | 8.9% | +2.9% |
| Snap-on SNA | United States | $18.9B | -1% | +3% | 25% | 18.3× | 2.7% | +5.5% |
| Woodward WWD | United States | $18.7B | -14% | +22% | 16% | 31.0× | 18.9% | +7.4% |
| FedEx Freight FDXF | United States | $18.5B | n/a | -1% | 6% | 24.7× | n/a | n/a |
| FTAI Aviation FTAI | United States | $18.4B | -33% | +46% | 23% | 16.7× | n/a | n/a |
| Axon Enterprise AXON | United States | $25.4B | -22% | +35% | 1% | 36.5× | n/a | n/a |
| Rollins ROL | United States | $18.1B | -29% | +8% | 19% | 31.4× | 11.2% | +11.7% |
| APi APG | United States | $17.5B | -7% | +16% | 7% | 20.7× | 27.8% | +17.1% |
| Jacobs Solutions J | United States | $17.4B | +26% | +20% | 5% | 18.6× | 15.8% | -2.3% |
| Verisk Analytics VRSK | United States | $26.6B | +19% | +5% | 45% | 24.3× | 5.0% | +2.0% |
Broadridge Financial Solutions has 3 bonds outstanding with $2.25B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 5.63%, a spread of 101 bp over government bonds.