BR · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

BROADRIDGE FINANCIAL SOLUTIONS, INC. · 2026-11-03 · Importance 42 · Surprise 56

The effective tax rate decreased to 13.6% for the three months ended September 30, 2026, from 22.4% in the same quarter of 2025. The $32.8 million reduction in income tax provision, to $14.9 million from $47.7 million, was primarily attributable to transferable federal tax credits relating to the prior tax year. Earnings before income taxes declined 49% to $109.7 million, while net earnings declined 43% to $94.8 million.

Key facts

• Broadridge's effective tax rate was 13.6% for the three months ended September 30, 2026, compared with 22.4% for the three months ended September 30, 2025; the decrease was primarily attributable to transferable federal tax credits related to the prior tax year. source
• Broadridge may incur additional foreign taxes if it needs to repatriate foreign funds for U.S. operations, but it does not need to repatriate future foreign earnings to fund U.S. operations. source