BR · Earnings call · 2026Q2T · Full report
Revenue Performance and Mix
BROADRIDGE FINANCIAL SOLUTIONS, INC. · 2026-08-04 · Importance 49 · Surprise 32 · No source text
Fiscal 2026 recurring revenue increased 8% in constant currency to $4.9 billion, including 6% organic growth, while fourth-quarter recurring revenue rose 8% to $1.5 billion with 7% organic growth. ICS recurring revenue grew 8% for the year, led by regulatory revenue growth of 12%, while GTO revenue increased 7%, including 5% quarterly growth. Capital Markets revenue rose 5% to $1.2 billion, Wealth and Investment Management revenue increased 10% for the year, and customer communications revenue grew 5%, including 14% growth in digital revenue. Total fourth-quarter revenue increased 7% to $2.2 billion, with $71 million of event-driven revenue and 8% growth in low- to no-margin distribution revenue.
Key facts
- Guidance: expect closed sales of $290 million to $330 million.
- Guidance: distribution revenues are forecast to grow at mid-single-digit range, driven by higher postage rates.
- Full year closed sales were $305 million, including $158 million in closed sales in Q4; closed sales backlog is $470 million, up $40 million from a year ago.
- Q1 callout: will lap a first quarter record $114 million of event-driven revenues from last year; quarterly average is $60 million to $70 million.
- Capital Markets: fiscal '26 revenues rose 5% to $1.2 billion.
- Fiscal '26 recurring revenue rose 8% on a constant currency basis to $4.9 billion, driven by organic growth of 6%.
- Total revenue in Q4 increased 7% to $2.2 billion, driven by 6 points of growth from recurring revenue.
- Fourth quarter recurring revenue constant currency grew 8% to $1.5 billion, including 7% organic growth.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +16.4% | Fiscal '26 recurring revenue rose 8% on a constant currency basis to $4.9 billion, driven by organic growth of 6%. |
| revenue | positive | realized | +6.5% | Total revenue in Q4 increased 7% to $2.2 billion, driven by 6 points of growth from recurring revenue. |
| revenue | positive | realized | +2.6% | Capital Markets: fiscal '26 revenues rose 5% to $1.2 billion. |
| revenue | negative | probable | -1.1% | Q1 callout: will lap a first quarter record $114 million of event-driven revenues from last year; quarterly average is $60 million to $70… |
| revenue | positive | committed | — | Guidance: expect closed sales of $290 million to $330 million. |
| revenue | positive | committed | — | Guidance: distribution revenues are forecast to grow at mid-single-digit range, driven by higher postage rates. |
| assets | positive | realized | — | Full year closed sales were $305 million, including $158 million in closed sales in Q4; closed sales backlog is $470 million, up $40… |