BR · 10-Q · 2026Q3 · Full report

Headcount / Restructuring

BROADRIDGE FINANCIAL SOLUTIONS, INC. · 2026-11-03 · Importance 36 · Surprise 82

Restructuring and other related costs were $15.2 million in the three months ended September 30, 2026, compared with $4.4 million in the prior-year quarter. The current-period charges represent severance related to workforce actions arising partly from fiscal 2027 AI and productivity initiatives. These costs were recorded in Corporate and Other and were not reflected in segment profit. The Company stated that it continues to evaluate expanding the workforce actions as it investigates additional AI and productivity initiatives.

Key facts

• Broadridge incurred $15.2 million of restructuring and other related costs in the three months ended September 30, 2026, for severance related in part to workforce actions resulting from AI and productivity initiatives. source
• Broadridge's production-facility closure actions and associated costs were completed in the third quarter of fiscal year 2026. source