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what it is
Broadridge handles the boring but mandatory paperwork, data, and software that keep investors, brokers, and asset managers functioning.
how it gets paid
Last year Br made $6.9B in revenue. Event-driven proxy and distribution was the main engine at $2.40B, or 35% of sales.
why it's growing
Revenue grew 5.9% last year. That kind of growth looks absurd because Broadridge's business is seasonal and event-driven.
what just happened
Latest quarter revenue hit $3.3B, up 93% vs. prior year, while EPS rose 58% to $3.82.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
100/100 earnings predictability — you can trust these numbers
23.2x trailing p/e — priced about right
2.0% dividend yield — cash in your pocket every quarter
26.5% return on capital — every dollar works hard here
xvary composite: 68/100 — average
What they do
Broadridge handles the boring but mandatory paperwork, data, and software that keep investors, brokers, and asset managers functioning.
Broadridge wins because its work is mandatory and deeply wired into client workflows. If your broker needs proxy materials, trade confirms, and account statements sent correctly, switching vendors risks delays, errors, and regulatory trouble. That is why the business produced $4.5B of recurring revenue in fiscal 2025 and still earns a 23.0% operating margin.
How they make money
$6.9B
annual revenue · their business grew +5.9% last year
Investor communications
$1.80B
+7.0%
Customer communications
$1.20B
+6.0%
Capital markets technology
$0.90B
+8.0%
Wealth and fund solutions
$0.60B
+7.0%
Event-driven proxy and distribution
$2.40B
+4.0%
The products that matter
core operating layer for financial firms
Investor communications and workflow technology
$6.9B revenue base
this sits inside the full $6.9B business, but the snapshot does not break out exact product or segment revenue. That matters because your multiple depends on how recurring the revenue mix really is.
core engine
Key numbers
100/100
earnings consistency
A 100/100 consistency score means profits have been unusually steady; you are paying 23.2x earnings for predictability, not drama.
26.5%
return on capital
Return on capital → profit earned on each dollar invested → so what: this business turns investment into earnings far better than most financial companies.
$2.7B
long-term debt
Debt is only 10% of capital, which means the balance sheet is doing support work, not stunt work.
23.0%
operating margin
Operating margin → money left after running the business → so what: Broadridge keeps about $0.23 from each revenue dollar before interest and taxes.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 2 — safer than 80% of stocks
- price stability 95 / 100
- long-term debt $2.7B (10% of capital)
- net profit margin 17.4% — keeps 17 cents of every dollar in revenue
- return on equity 42% — $0.42 profit for every $1 investors have put in
B++ with risk rank and net profit margin standing out. your money faces less risk here than at most public companies.
Total return vs. market
You invested $10,000 in BR 3 years ago → it's now worth $13,600.
The index would have given you $13,880.
source: institutional data · total return
What just happened
beat estimates
Latest quarter revenue hit $3.3B, up 93% vs. prior year, while EPS rose 58% to $3.82.
That kind of growth looks absurd because Broadridge's business is seasonal and event-driven. The bigger point is simpler: annual processing waves still throw off real earnings power.
$3.3B
revenue
$3.82
eps
23.0%
operating margin
the number that mattered
The 93% revenue jump mattered because it showed how much operating leverage sits inside this boring business when activity spikes.
source: company earnings report, 2026
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What could go wrong
Broadridge looks stable because a lot of its work sits deep inside client workflows. The risk is that a stock priced for steadiness gets punished the moment steadiness slips.
high
activity-linked revenue cools off
Broadridge sits in market plumbing. If trading, proxy, or investor-communication activity slows, some part of revenue likely feels it.
this matters because you only get one top-line figure here — $6.9B — not a clean split between recurring and volume-sensitive revenue
med
clients tighten budgets
Its customers are banks, brokerages, and asset managers. If those firms cut spending or consolidate vendors, a steady revenue base looks less steady.
a $6.9B business does not need many large-client decisions to change the growth profile
med
premium multiple meets modest growth
The stock trades at 23.2x trailing earnings while annual revenue growth sits at 5.9%. That bargain only works if execution stays clean.
if growth slips and the multiple does not, the stock can reset lower even if the business stays profitable
low
this snapshot is thin on segment detail
You can see the headline numbers, but not the mix underneath them. That limits how precisely you can judge revenue quality.
less mix detail means more guesswork around what part of the $6.9B base deserves a premium multiple
The clean version: if revenue growth falls below the 5.9% base rate and earnings stop looking automatic, the premium multiple has less reason to stay premium.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
revenue growth versus the 5.9% base rate
If BR cannot stay near that 5.9% pace on a $6.9B base, the stock starts looking expensive for the growth you are getting.
trend
whether the 8% quarter was real acceleration
Q4 revenue rose 8% from last year. You want to know whether that was a better run-rate or just one clean quarter.
risk
any crack in the 100/100 predictability profile
This stock gets paid for consistency. A few messy quarters would matter more here than they would at a cheaper name.
calendar
the next earnings report
You are looking for the same pattern again: revenue that holds up, EPS that stays clean, and no sign the multiple is drifting too far ahead of the business.
Analyst rankings
short-term outlook
average
momentum score 3 — in human-speak, analysts see a normal setup, not a near-term breakout or breakdown.
risk profile
above average
stability score 2 — safer than roughly 80% of stocks. That's why quality-focused investors keep showing up here.
chart momentum
top 20%
technical score 2 — analysts expect better-than-average price performance in the year ahead, even with the recent range staying tight.
earnings predictability
100 / 100
that's rare. It means the earnings profile has been unusually reliable, which helps explain why the stock does not trade like an average financial name.
source: institutional data
Institutional activity
institutions have been net buying for 3 consecutive quarters — 472 buyers vs. 463 sellers in 3q2025. total institutional holdings: 0.1B shares. net buying for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$177
$327
$198
current price
$252
target midpoint · +27% from current · 3-5yr high: $340 (+70% · 16% ann'l return)
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
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