At a glance
Broadridge Financial Solutions Inc is worth $21.01B, about 19 times its fiscal 2026 earnings. Revenue grew 8.5% to $7.48B in fiscal 2026, with 15.0% kept as profit; over 5 years it has grown 8.4% a year. It pays a 2.19% dividend yield, raised every year for at least 9 years, and returned $3.11B to shareholders in dividends and buybacks over FY2022–FY2026. The stock returned −14.5% over the past year with dividends reinvested and +2.4% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 31.0% in the 2020 crash (S&P 500: 33.7%) and 25.6% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 2 months after the low.
The business in plain English
Broadridge Financial Solutions is a financial technology company that handles paperwork, voting and data behind the scenes of investing. Its clients include banks, brokerage firms, asset and wealth managers, mutual funds and public companies. In fiscal 2026 (the year ended June 30, 2026), revenue was $7.48 billion, up 8.5%.
Its central role is in proxy voting. Most shares are held in “street name,” meaning a broker or bank holds them for the real owner. Many brokers and banks hire Broadridge to send these owners proxy materials (the documents issued before a shareholder vote) and collect their votes by mail, phone or online. Under Securities and Exchange Commission and New York Stock Exchange rules, public companies pay for this. Broadridge bills them and passes part of the fees to the brokers and banks. It also prepares fund prospectuses and shareholder reports, provides data to fund managers, processes mutual fund and ETF trades, and hosts virtual shareholder meetings.
These services make up the Investor Communication Solutions segment, which brought in $5.56 billion, or 74.4% of fiscal 2026 revenue. The smaller Global Technology and Operations segment made up the other 25.6%. Recurring revenue was 65.2% of the total, distribution revenue 30.1% and event-driven revenue 4.7%. The United States supplied 85.3% of revenue, Canada 7.3% and the United Kingdom 6.6%.
Price history
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BR -14.5% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Recurring revenues | $4.88B | 65.2% |
| Distribution revenues | $2.25B | 30.1% |
| Event-driven revenues | $348.1M | 4.7% |
By business segment
| Investor Communication Solutions | $5.56B | 74.4% |
| Global Technology and Operations | $1.92B | 25.6% |
By geography
| UNITED STATES | $6.37B | 85.3% |
| CANADA | $544.4M | 7.3% |
| UNITED KINGDOM | $493.6M | 6.6% |
| Others | $64.1M | 0.9% |
Latest results
- In Q4 FY2026 (ended Jun 30, 2026), revenue was $2.22B, up 7.5% from a year earlier, and net income was $398.0M (+6.4%).
- For fiscal 2026, revenue was $7.48B (+8.5% year over year; +8.4% a year from FY2021 to FY2026) with a 15% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | +8.4% good |
|---|---|
| Operating margin | 17.4% good |
| Free cash flow margin | 17.1% good |
| Return on equity (FY2026) | 39.6% good |
| Return on assets (FY2026) | 12.6% good |
| Net cash (cash minus debt) | $-2.62B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $4.99B | $547.5M | $588.2M |
| FY2022 | $5.71B | $539.1M | $414.5M |
| FY2023 | $6.06B | $630.6M | $784.9M |
| FY2024 | $6.51B | $698.1M | $998.8M |
| FY2025 | $6.89B | $839.5M | $1.13B |
| FY2026 | $7.48B | $1.12B | $1.28B |
Valuation snapshot
| Market value | $21.01B |
|---|---|
| P/E ratio | 19.2 |
| Dividend yield | 2.19% |
Rank among 1514 US companies
Market value at each year end
Broadridge Financial Solutions’s market value went from $7.89B at the end of 2016 to $21.01B on Nov 2, 2026, about 2.7 times as much; since the end of 2025 it is down 19%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $21.01B | -19.4% |
| 2025 | $26.05B | -1.4% |
| 2024 | $26.43B | +9.2% |
| 2023 | $24.21B | +53.4% |
| 2022 | $15.78B | -26.0% |
| 2021 | $21.31B | +20.3% |
| 2020 | $17.71B | +25.1% |
| 2019 | $14.16B | +26.0% |
| 2018 | $11.24B | +6.4% |
| 2017 | $10.56B | +33.7% |
| 2016 | $7.89B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| BR price data to Nov 2, 2026 | -15.9% | -14.5% | +2.8% | +2.4% | +13.1% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -15.9% |
| 2025 | +0.3% |
| 2024 | +11.7% |
| 2023 | +56.2% |
| 2022 | -25.2% |
| 2021 | +21.1% |
| 2020 | +26.3% |
| 2019 | +30.6% |
| 2018 | +7.9% |
| 2017 | +39.1% |
| 2016 | +25.9% |
| 2015 | +18.9% |
| 2014 | +19.6% |
| 2013 | +77.4% |
| 2012 | +4.5% |
| 2011 | +5.8% |
| 2010 | -0.1% |
| 2009 | +83.7% |
| 2008 | -43.2% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 17.7% over that stretch · deepest drop along the way 59%, back to its old high 17 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 31% over that stretch · deepest drop along the way 31%, back to its old high 2.3 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 21.8% over that stretch · deepest drop along the way 25.6%, back to its old high 1.8 months after the low |
Insider activity
Form 4 filings from 2025-10-27 to 2026-10-27 (25 read): 0 open-market purchases and 1 sales ($400K).
| Date | Insider | Type | Value |
|---|---|---|---|
| Oct 1, 2026 | Thomas P Carey Corporate VP | sell | $400K |
Who owns it
Large shareholders (13G filings)
| Vanguard Capital Management | 7.52% | Mar 31, 2026 |
| Vanguard Portfolio Management | 5.47% | Mar 31, 2026 |
| STATE STREET CORPORATION | 4.7% | Mar 31, 2026 |
ETFs with the most weight in BR
| TMFM Motley Fool Mid-Cap Growth ETF | 5.17% |
| SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 4.76% |
| BEEZ Honeytree U.S. Equity ETF | 4.3% |
| CWS AdvisorShares Focused Equity ETF | 4.25% |
| JGRW Jensen Quality Growth ETF | 3.83% |
| KMID Virtus KAR Mid-Cap ETF | 3.34% |
| TDV ProShares S&P Technology Dividend Aristocrats ETF | 2.96% |
| NUMV Nuveen ESG Mid-Cap Value ETF | 1.76% |
What could go wrong
- A shift from paper to electronic delivery. A proposed SEC rule, Regulation E-Delivery, would let clients make electronic delivery the default for some required documents. Broadridge says that would slow recurring revenue growth and shrink distribution revenue, 30.1% of fiscal 2026 revenue.
- Exchange rules set many of its fees. Many proxy fees are set by the rules of the New York Stock Exchange and other industry rule-making bodies. Changes to SEC or exchange rules could change what Broadridge charges or reduce demand for its services.
- A few big clients matter a lot. The largest client provided about 7% of fiscal 2026 revenue. Mergers among banks and brokers can shrink the client list, and larger merged firms may bring some work in-house or use fewer services.
- Higher postage costs could dent demand. Broadridge depends on government postal services and other carriers to deliver communications. Higher postal rates or shipping costs, or changes in those relationships, may reduce demand for its products and services.
- Quieter markets can mean less revenue. Revenue may fall when fewer investors take part in the securities markets or market activity slows. Economic downturns and geopolitical instability can both cause this.
- Debt is well above cash. As of June 30, 2026, Broadridge had about $3.25 billion of debt and $636 million of cash and investments. The company warns this debt could limit its financing options and the cash it has available.
Recent events
- Other company announcement
- Quarterly results released; Other company announcement
- Executive or board change
- Other company announcement
- Major agreement signed; New debt or financial obligation; Other company announcement
- Major agreement signed; Other company announcement
- Investor presentation or announcement
- Quarterly results released
- Other company announcement
- Investor presentation or announcement
For income and retirement investors
Broadridge has raised its dividend for at least nine straight years through fiscal 2026. The dividend rose from $2.30 per share in fiscal 2021 to $3.90 in fiscal 2026, about 11.1% a year. In fiscal 2026 it paid out 39.4% of earnings and 34.7% of free cash flow (cash left after running and investing in the business). The yield was 2.28% as of October 28, 2026. Buybacks totaled $1.27 billion over fiscal 2022–2026, and shares outstanding fell 2.2% from October 2021 to July 2026.
In the 2008 financial crisis, the shares fell 59% and took about 17 months from the bottom to recover. They fell 31% in the 2020 COVID crash and 25.6% in the 2022 bear market, and recovered in about two months each time. Over the year to October 28, 2026, the shares lost 21.2% and at one point were 40.7% below their high. A single stock carries more risk than a diversified fund.
Questions investors ask
How does Broadridge make money?
Broadridge charges fees to banks, brokerage firms, fund companies and public companies for handling proxy voting, investor documents, data and technology. In fiscal 2026 (the year ended June 30, 2026), revenue was $7.48 billion and net income was $1.12 billion. Recurring revenue made up 65.2% of the total, distribution revenue 30.1% and event-driven revenue 4.7%. The Investor Communication Solutions segment, which includes its proxy and fund-document services, produced 74.4% of revenue. Global Technology and Operations produced 25.6%.
Why did I get proxy materials from Broadridge?
Most likely because a broker or bank holds the shares in “street name” and has hired Broadridge to handle proxy delivery and voting. Brokers and banks must send proxy materials to the real owners and ask how they want to vote. Many hand that job to Broadridge. It delivers the materials by email or mail and collects votes online, by phone, on mobile or on paper. Under Securities and Exchange Commission (SEC) and New York Stock Exchange rules, the company holding the vote pays for this.
Does Broadridge raise its dividend every year?
Yes, so far. Broadridge has raised its dividend for at least nine consecutive years through fiscal 2026 (its fiscal year ends June 30), and the streak may be longer. The dividend grew from $2.30 per share in fiscal 2021 to $3.90 in fiscal 2026, about 11.1% a year. Dividends used 39.4% of fiscal 2026 earnings. The yield was 2.28% as of October 28, 2026. Past increases do not guarantee future ones.
How has Broadridge stock performed?
Poorly over the past year but well over the past decade. As of October 28, 2026, the shares were down 21.2% over one year and 19.2% for the year to date. Over five years they gained about 1.5% a year. Over 10 years they gained about 12.7% a year, or 229% in total. On that date the stock traded at 18.4 times fiscal 2026 earnings, for a market value of about $20.2 billion.
How would the SEC's e-delivery proposal affect Broadridge?
It could reduce revenue. In its annual report filed August 4, 2026, Broadridge pointed to the SEC's proposed Regulation E-Delivery. The rule would let clients make electronic delivery, rather than paper, the default for certain required documents. If the rule is adopted as proposed, Broadridge expects fewer physically delivered communications, slower recurring revenue growth and lower distribution revenue, which was 30.1% of fiscal 2026 revenue. It said earnings could fall and its physical distribution operations might need restructuring, even as electronic volumes rise.