BR · 10-K · 2026A · Full report

Distribution Demand Trends

BROADRIDGE FINANCIAL SOLUTIONS, INC. · 2026-08-04 · Importance 31 · Surprise 32 · In source text

Distribution revenues increased 9% in fiscal 2026, primarily reflecting approximately $123 million of postage-rate increases and higher volumes. The distribution offering includes physical mailing of proxy materials, interim communications, transaction reporting, customer communications and fulfillment services, as well as administrative services for fund processing. Higher postage and distribution costs in ICS increased expenses by approximately $176.7 million, indicating that volume and pricing changes materially affected the distribution model. The proposed electronic-delivery framework could reduce paper distribution over time, although management expects new solutions to largely offset the effect on recurring revenue.

Key facts

• Distribution revenues for consolidated fiscal year 2026: $2,250.6 million, up $188.7 million, or 9%, from $2,062.0 million; increase primarily driven by postage rate increases of approximately $123 million and higher volumes. source
• Distribution cost of revenues consists primarily of postage-related expenses incurred in connection with our ICS segment and administrative services expenses related to our fund processing solutions; these costs are reflected in Cost of revenues. source

Impact estimates