Broadridge said recurring revenues for the 3 months ended March 31, 2025 increased $77.7 million, or 7%, to $1,203.9 million. Closed sales for the same period decreased $8.4 million, or 11%, to $71.2 million.

10-QQuarterly reportFiled May 1, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

Broadridge said recurring revenues for the 3 months ended March 31, 2025 increased $77.7 million, or 7%, to $1,203.9 million. Closed sales for the same period decreased $8.4 million, or 11%, to $71.2 million.
The company said operating expenses for the 9 months ended March 31, 2025 increased $147.0 million, or 4%, to $4,133.8 million. It cited costs related to the SIS acquisition and an increase in ICS postage and distribution costs of approximately $43 million as factors in the rise in cost of revenues.
Broadridge said revenues for Investor Communication Solutions for the 3 months increased $46.1 million to $1,347.5 million, and earnings before income taxes increased $22.6 million to $292.9 million. The company cited higher recurring revenues as a driver of the increase in earnings.
The company said cash from operating activities for the 9 months ended March 31, 2025 increased $136.4 million compared to the same period in the prior year. It cited an increase in net earnings of $90.4 million and an increase in cash from accounts receivable of $56.4 million, while noting that cash used for accounts payable, accrued expenses and taxes payable increased $67.3 million, which partially offset these gains.

Key figures

Quarter ended March 31, 2025

Revenue: $1.8B
Operating income: $345M
Net income: $243M
EPS: $2.05

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

3-Month Recurring Revenues and Closed Sales

Broadridge said recurring revenues for the 3 months ended March 31, 2025 increased $77.7 million, or 7%, to $1,203.9 million. Closed sales for the same period decreased $8.4 million, or 11%, to $71.2 million.

Source · Based on the MD&A text of the filing

9-Month Operating Expenses and SIS Acquisition

The company said operating expenses for the 9 months ended March 31, 2025 increased $147.0 million, or 4%, to $4,133.8 million. It cited costs related to the SIS acquisition and an increase in ICS postage and distribution costs of approximately $43 million as factors in the rise in cost of revenues.

Source · Based on the MD&A text of the filing

Investor Communication Solutions 3-Month Results

Broadridge said revenues for Investor Communication Solutions for the 3 months increased $46.1 million to $1,347.5 million, and earnings before income taxes increased $22.6 million to $292.9 million. The company cited higher recurring revenues as a driver of the increase in earnings.

Source · Based on the MD&A text of the filing

9-Month Operating Cash Flow Growth Drivers

The company said cash from operating activities for the 9 months ended March 31, 2025 increased $136.4 million compared to the same period in the prior year. It cited an increase in net earnings of $90.4 million and an increase in cash from accounts receivable of $56.4 million, while noting that cash used for accounts payable, accrued expenses and taxes payable increased $67.3 million, which partially offset these gains.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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