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US financial software and services company providing fund administration, portfolio management and back-office outsourcing to asset managers and insurers.
US financial software and services company providing fund administration, portfolio management and back-office outsourcing to asset managers and insurers.
Earns mostly recurring fees: software subscriptions and maintenance, plus outsourcing contracts where it runs a client's fund accounting and investor records, often charged on assets administered or on transaction volume. Its growth has come from buying other software firms, such as Advent, Eze, DST and Blue Prism. William Stone, the founder, is chairman and chief executive.
Moat: narrow (switching costs, scale, installed base). Deep integration into clients' back-office operations and fund administration workflows creates high switching costs.
Headquarters: Windsor, Connecticut, US · Founded: 1986 · Employees: 28,800
Size SS&C Technologies (SSNC) is a United States Information Technology company (Packaged Software) with a market value of $18.2B, the 523rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $77.71 on 6 Nov 2026.
Performance Over six months the shares gained 13.0%, against +32.0% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 8.8% over the last twelve months (peer median +20.0%); the operating margin is 24.3% (peer median 19.9%).
Valuation It trades at 10.2× forward earnings against a peer median of 21.8× (2nd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +6%, 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 0.5 points above its cost of capital (8.7% WACC).
Backlog Backlog (remaining performance obligations) was $1.02B at 30 Jun 2026, up 4% on a year earlier — 0.2 years of trailing revenue. Backlog detail →
Credit SS&C Technologies has 2 bonds outstanding ($2.75B), rated B+ by the agencies and trading like BB at a weighted spread of 185 bp.
Short interest Short interest is 2.0% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.69B | $6.27B | $5.88B | $5.50B | $5.28B |
| Revenue growth | — | +7% | +7% | +4% | — |
| Gross profit | $3.22B | $2.87B | $2.74B | $2.58B | $2.45B |
| EBITDA | $2.35B | $2.20B | $2.07B | $1.91B | $1.83B |
| Net income | $853M | $797M | $760M | $607M | $650M |
| Free cash flow | $1.82B | $1.66B | $1.33B | $1.16B | $1.07B |
| Capital expenditure | $304M | $303M | $256M | $252M | $208M |
| Total debt | $7.65B | $7.65B | $7.18B | $6.92B | $7.32B |
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 |
|---|---|---|---|---|---|---|
| SS&C Technologies SSNC | $18.2B | +13% | +9% | 24% | 10.2× | 6.9% |
| State Street STT | $45.0B | +11% | +2% | 33% | 11.1× | n/a |
| BNY Mellon BNY | $99.4B | +13% | -1% | 37% | 14.7× | n/a |
| Fidelity National Information Services FIS | $14.8B | -33% | +24% | 22% | 5.1× | n/a |
| Broadridge Financial Solutions BR | $21.5B | +28% | +7% | 17% | 17.9× | 8.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SSNC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.6% | +2.7% | 8th lowest of 21 |
| 6-month return | +13.0% | +32.0% | 10th lowest of 20 |
| Distance from 52-week high | -13.6% | -18.2% | 9th highest of 21 |
| Revenue growth (TTM) | +8.8% | +20.0% | 7th lowest of 21 |
| Operating margin | 24.3% | 19.9% | 6th highest of 21 |
| Forward P/E | 10.2× | 21.8× | 2nd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 6.9% | 14.1% | 6th least demanding of 17 |
| Growth delivered (Del g) | +6.1% | +16.7% | 4th lowest of 17 |
| Hurdle (Req g minus delivered) | +0.8 pp | -3.5 pp | 8th most demanding of 17 |
| ROIC minus cost of capital | +0.5 pp | +7.9 pp | 8th lowest of 18 |
| EV / EBITDA | 10.8× | 17.4× | 3rd cheapest of 13 |
| Net debt / EBITDA | 3.0× | -0.5× | 2nd most indebted of 16 |
| Bond spread | 185 bp | 123 bp | 2nd widest of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SS&C Technologies SSNC | United States | $18.2B | +13% | +9% | 24% | 10.2× | 6.9% | +6.1% |
| Gen Digital GEN | United States | $17.7B | +32% | +17% | 43% | 9.6× | 1.8% | +14.4% |
| F5, Inc. FFIV | United States | $17.7B | -12% | +11% | 24% | 17.1× | 9.7% | +5.6% |
| Circle Internet CRCL | United States | $17.3B | -40% | +26% | 13% | 68.1× | 23.2% | +52.7% |
| Cerebras Systems CBRS | United States | $20.1B | n/a | +91% | -81% | n/a | n/a | n/a |
| Toast TOST | United States | $20.1B | +38% | +22% | 7% | 20.9× | 28.6% | +49.5% |
| Beijing Kingsoft Office Software 688111.SS | China | $16.1B | -8% | +20% | 22% | 35.6× | 32.7% | +21.3% |
| Evolution EVO.ST | Sweden | $15.8B | +33% | -3% | 57% | 14.4× | -0.3% | +31.2% |
| PTC PTC | United States | $21.2B | +33% | +20% | 40% | 21.8× | 10.3% | +8.6% |
| Manhattan Associates MANH | United States | $14.7B | +77% | +8% | 25% | 42.0× | 29.4% | +13.0% |
| Unity Software U | United States | $22.7B | +83% | +14% | -14% | 49.4× | 33.5% | +19.1% |
| Hithink RoyalFlush Information Network 300033.SZ | China | $22.9B | -14% | +48% | 56% | 32.7× | 37.1% | +16.3% |
| DocuSign DOCU | United States | $14.5B | +62% | +9% | 12% | 15.9× | 12.9% | +17.2% |
| Sage SGE.L | United Kingdom | $14.1B | +33% | +9% | 23% | 23.1× | 3.1% | +5.7% |
| Zhejiang Century Huatong 002602.SZ | China | $14.0B | -20% | +28% | 21% | 11.1× | -0.2% | +20.4% |
| Tempus AI TEM | United States | $13.9B | +53% | +37% | -18% | n/a | n/a | n/a |
| Samsara IOT | United States | $24.0B | +38% | +30% | 1% | 48.5× | n/a | n/a |
| MongoDB MDB | United States | $25.2B | +4% | +25% | -1% | 44.7× | 27.9% | +33.1% |
| CoreWeave CRWV | United States | $25.6B | -59% | +115% | -3% | n/a | n/a | n/a |
| Zoom Communications ZM | United States | $26.2B | -18% | +5% | 24% | 14.7× | 5.8% | +12.9% |
| Trimble TRMB | United States | $12.6B | -11% | +7% | 18% | 13.6× | 15.3% | +2.6% |
SS&C Technologies has 2 bonds outstanding with $2.75B face value. The agencies rate it B+; its bonds trade like BB. Weighted yield 6.49%, a spread of 185 bp over government bonds.
SS&C Technologies reported $1.02B of remaining performance obligations at 30 Jun 2026, up 4% from a year earlier and up 5% from the previous quarter. That is 0.2 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.