BR · Earnings call · 2026Q2T · Full report
Free Cash Flow and Liquidity
BROADRIDGE FINANCIAL SOLUTIONS, INC. · 2026-08-04 · Importance 54 · Surprise 40 · No source text
Broadridge generated $1.2 billion of fiscal 2026 free cash flow, up 17% year over year, with conversion equal to 110% of adjusted earnings. The increase was driven by higher earnings and working-capital gains. The company invested $113 million in capital spending and software plus $46 million to onboard clients onto its platforms. Broadridge ended June 30 with a 1.9x leverage ratio, below its 2.5x target, supporting further buybacks and selective acquisitions.
Key facts
- Broadridge generated $1.2 billion in free cash flow in fiscal '26, up 17%, and free cash flow conversion was 110%.
- As of June 30, Broadridge holds $265 million in digital assets, including $216 million in coins and $49 million in digital asset treasury-related investments.
- Company backlog: $470 million.
- During fiscal '26, Broadridge recognized a $227 million gain on digital asset holdings, which was adjusted out of non-GAAP earnings.
- Leverage ratio at June 30 was 1.9x, below target of 2.5x.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | +10.6% | Company backlog: $470 million. |
| cash | positive | realized | — | Broadridge generated $1.2 billion in free cash flow in fiscal '26, up 17%, and free cash flow conversion was 110%. |
| assets | positive | realized | — | As of June 30, Broadridge holds $265 million in digital assets, including $216 million in coins and $49 million in digital asset… |