BR · 8-K · 20260804PR000022

Interest Rate Environment

BROADRIDGE FINANCIAL SOLUTIONS, INC. · 2026-08-04 · Importance 35 · Surprise 48

Broadridge said the combination of higher distribution revenue and the impact of lower rates on float income reduced fiscal 2026 adjusted operating margins by 40 basis points. Net interest expense declined $23 million year over year to $100 million, primarily because of lower average borrowings and lower borrowing costs. The disclosure indicates that rate movements affected both investment-related float income and borrowing costs during fiscal 2026.

Key facts

• Interest expense, net for the fiscal year was $100 million, a decrease of $23 million primarily due to lower average borrowings and lower borrowing costs. source
• Interest expense, net for the fourth quarter was $27 million, flat compared to the prior year period. source