BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR)

Price—Loading quote

AI: Undervalued

Price checkThe shares look undervalued if steady recurring growth continues and debt stays manageable.

At the latest verified quote of $159.27, the stock costs 16.6 times fiscal 2026 diluted earnings of $9.60 per share. Using 114.0 million year-end shares, its market value is about $18.2 billion. Adding $2.85 billion of debt after cash gives roughly $21.0 billion for the operating business. Company-defined free cash flow—cash left after operations, capital spending and software investment—was $1.23 billion, a 6.8% yield on market value. That appears inexpensive alongside guided 8–12% profit-per-share growth, if growth persists.

Big pictureRecurring services support steady growth, although transaction activity and reported earnings can fluctuate.

Revenue rose from $4.99 billion in fiscal 2021 to $7.48 billion in 2026, while operating income nearly doubled from $679 million to $1.30 billion. Fiscal 2026 recurring revenue grew 8% to $4.88 billion, about 65% of total revenue, supporting durability. Operating cash flow reached $1.35 billion, versus only $444 million in 2022. Event-driven revenue, tied to special votes and transactions, fell 10% in the latest quarter. Reported earnings included a $227 million non-cash digital-asset gain; adjusted earnings excluded it but added back acquisition-related costs, leaving the same $9.60 per share.

Business strengthCash generation covers shareholder returns, but the company still carries meaningful debt.

Net debt—borrowings minus cash—was $2.85 billion, about twice the $1.44 billion of earnings before interest, tax, depreciation and amortization. Current assets exceeded near-term liabilities by $333 million, so leverage looks serviceable, not light. Broadridge spent $604 million on repurchases and $444 million on dividends in fiscal 2026, about 85% of company-defined free cash flow. Shares outstanding fell 2.6% to 114.0 million despite $94 million of stock compensation. The new $1.5 billion buyback authorization can add value, but aggressive purchases would slow debt reduction.

What could change the storyModest growth supports today’s price, while client losses or rising debt would undermine it.

A simple model starts with $1.23 billion of free cash flow and reduces future cash by 9% annually to reflect risk. If cash grows 3% each year for ten years and thereafter, estimated value is approximately today’s price. That hurdle is below management’s 8–12% fiscal 2027 profit-per-share growth goal. Upside comes from sustaining 6–8% recurring growth and selling governance for tokenized securities. The bear case strengthens if client losses keep subtracting two growth points, wealth technology stays near 1% growth, or debt rises while repurchases consume cash.

$159.27 price considered

AI: News

Strong year-end resultsRevenue and recurring services grew, while the next-year outlook signaled continued profit gains.

On August 4, 2026, Broadridge reported fourth-quarter revenue of $2.22 billion, up 7%, and adjusted earnings per share—profit after selected one-off items divided across diluted shares—of $3.82, up 8%. Both exceeded Zacks consensus estimates of $2.17 billion and $3.75. Fiscal 2026 recurring revenue grew 8%; fiscal 2027 guidance calls for 6–8% recurring growth and 8–12% adjusted earnings growth. These results support continued compounding, though guidance remains an expectation rather than a reported fact.

Capital returns expandedA larger dividend and buyback plan could raise each remaining share’s claim on profits.

On August 3, 2026, the board raised the annual dividend 12% to $4.36 per share and authorized up to $1.5 billion of repurchases with no expiration. At the observed price, the dividend yields about 2.7%. Fiscal 2026 dividends and buybacks already totaled approximately $1.05 billion, so further purchases could shrink the share count meaningfully. They would also compete with debt repayment; authorization does not guarantee purchases, and no reliable one-day market reaction was identified.

Tokenized voting launchedThe Ondo launch showed Broadridge adapting its voting business to blockchain-based securities.

On July 2, 2026, Ondo launched tokenized U.S. securities under a custodial structure, with Broadridge supplying voting, disclosures and shareholder communications. The initial assets included a major index fund and Micron shares, with underlying securities remaining in regulated custody. This is strategically important because tokenization could otherwise bypass parts of Broadridge’s traditional infrastructure. No contract revenue or profit contribution was disclosed, so the launch proves technical relevance rather than material financial value, and no market reaction is attributed.

CQG acquisition completedThe purchase expanded trading technology and already contributed to capital-markets revenue growth.

Broadridge completed its CQG acquisition on April 30, 2026, for approximately $173 million plus possible additional consideration. CQG adds futures and options execution, analytics and exchange connectivity. In the June quarter, the acquisition contributed three percentage points to Capital Markets recurring-revenue growth, which reached 8%. That early contribution supports the strategic case, but integration costs and future returns remain uncertain. No reliable immediate share-price reaction was identified, so none is attributed to the closing.

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Total cash / debt

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Financial statements

	2026	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$7.48B	$6.89B	$6.51B	$6.06B	$5.71B	$4.99B	$4.53B	$4.36B	$4.33B	$4.14B	$2.90B	$2.69B	$2.56B	$2.43B	$2.30B	$2.17B	$2.21B	$2.07B
Gross profit	—	—	—	—	—	$1.42B	$1.26B	$1.23B	$1.16B	$1.03B	$921.2M	—	—	—	—	—	—	—
Operating income	$1.30B	$1.19B	$1.02B	$936.4M	$759.9M	$678.7M	$624.9M	$652.7M	$598.1M	$531.6M	$500.3M	$438.9M	$395.5M	$323.2M	$200.9M	$269.7M	$342.1M	$346.0M
EBITDAderived	$1.44B	$1.32B	$1.14B	$1.02B	$842.3M	$746.1M	$698.7M	$737.9M	$680.2M	$600.2M	$552.9M	$488.2M	$442.3M	$370.8M	$251.9M	$305.8M	$374.4M	$378.8M
Net income	$1.12B	$839.5M	$698.1M	$630.6M	$539.1M	$547.5M	$462.5M	$482.1M	$427.9M	$326.8M	$307.5M	$287.1M	$263.0M	$212.1M	$123.6M	$169.6M	$190.0M	$223.3M
Basic EPSper diluted share	$9.67	$7.17	$5.93	$5.36	$4.62	$4.73	$4.03	$4.16	$3.66	$2.77	$2.60	$2.39	$2.20	$1.74	$1.00	$1.36	$1.40	$1.60
Diluted EPSper diluted share	$9.60	$7.10	$5.86	$5.30	$4.55	$4.65	$3.95	$4.06	$3.56	$2.70	$2.53	$2.32	$2.12	$1.69	$0.97	$1.32	$1.37	$1.58

Review source filings at SEC.gov ↗

Insider buys & sells

Jul 1, 2024–Jun 30, 2026

Buys1$1.03M disclosed value

Sells (SEC code S)62$125.98M disclosed value

Transaction	Insider	Type	Shares	Price	Value	Owned after
Jun 4, 2026Form 4	Jarkowski Hope M.Chief Legal Officer	SellCommon Stock	2.0K	$155.00	$304.7K	1.25
Mar 6, 2026Form 4	Gokey Timothy CCEO	BuyCommon Stock	5.3K	$194.49	$1.03M	142.9K
Feb 6, 2026Form 4	Duelks Robert NDirector	SellCommon Stock	253	$192.60	$48.7K	20.8K
Dec 3, 2025Form 4	Carey Thomas PCorporate VP	SellCommon Stock	5.5K	$229.26	$1.27M	6.0K
Dec 3, 2025Form 4	Carey Thomas PCorporate VP	SellCommon Stock	3.5K	$229.26	$806.1K	11.6K

Review ownership filings at SEC.gov ↗

BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR)

Financial charts

Financial statements

Insider buys & sells