BR · Earnings call · 2026Q2T · Full report

Revenue Concentration Risk

BROADRIDGE FINANCIAL SOLUTIONS, INC. · 2026-08-04 · Importance 10 · Surprise 6

Broadridge serves 22 of the 26 primary dealers and 20 fixed-income primary dealers, giving it substantial exposure to major Capital Markets institutions. The company also serves seven of the top 10 equities firms. Management said platform investments and a common data ontology are intended to support these clients’ use of Broadridge or client-developed AI. The company reported 98% retention rates for both the fourth quarter and full fiscal year, supporting the stability of this institutional customer base.

Key facts

• Low to no margin distribution revenues grew 8% in Q4, contributing two points to total revenue growth.
• Retention rates remained 98% for the quarter and for the full year.