Broadridge Raises Guidance After Q3 Recurring Revenues Growth | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
Broadridge Financial Solutions has raised its full-year fiscal 2026 guidance after reporting third-quarter recurring revenue growth of 7%, or 6% on a constant currency basis, alongside an 11% increase in adjusted earnings per share to $2.72.
Total revenues for the quarter rose 8% to $1.954 billion, with diluted EPS increasing 15% to $2.36. Adjusted operating income grew 4% to $421 million, at a margin of 21.5%.
Strong equity and fund position growth, higher trading volumes, and event-driven revenues contributed to the quarter’s performance.
The company raised its full-year recurring revenue growth guidance on a constant currency basis to at or above 7%, up from the higher end of its previous 5% to 7% range, and increased its adjusted EPS growth guidance to 10% to 12%, from a previous range of 9% to 12%.
Its closed sales guidance was revised to $240 million to $290 million from $290 to $330 million.
Chief Executive Tim Gokey said Broadridge was executing on its strategy to democratise and digitise governance, simplify trading in capital markets, and modernise wealth management, whilst also building future growth foundations in tokenisation, AI, and digital communications.
Within its Investor Communication Solutions segment, recurring revenues grew 8% to $800 million.
The Global Technology and Operations segment delivered recurring revenue growth of 5%, with Wealth and Investment Management rising 10% driven by higher trading volumes. Broadridge said it remained on track to deliver its long-term growth targets for the three-year period ending in fiscal 2026.
