Broadridge Reports Strong Q3, Raises FY26 Revenue & EPS Guidance, Completes CQG Acquisition

summarizeSummary

Broadridge Financial Solutions reported robust third-quarter fiscal 2026 results, including significant EPS growth and raised its full-year guidance for recurring revenue and adjusted EPS, while also announcing the completion of the CQG acquisition.

check_boxKey Events

• Strong Q3 Fiscal 2026 Results

  Recurring revenues grew 7% to $1.288 billion, and diluted EPS increased 15% to $2.36, demonstrating solid operational performance.

• Raised FY26 Guidance

  The company increased its full-year guidance for recurring revenue growth (constant currency) to 'At or above 7%' and Adjusted EPS growth to '10-12%', reflecting an optimistic outlook.

• CQG Acquisition Completed

  Broadridge finalized the acquisition of CQG, Inc., an execution management system provider, for approximately $173 million, enhancing its capital markets technology offerings.

• Revised Closed Sales Guidance

  Full-year closed sales guidance was lowered to $240-$290 million from the previous $290-$330 million, indicating a potential slowdown in new business bookings.

auto_awesomeAnalysis

The filing details Broadridge's robust Q3 fiscal 2026 performance, with notable increases in recurring revenue and diluted EPS. The company raised its full-year guidance for both recurring revenue growth and adjusted EPS growth, signaling confidence in its operational trajectory. This positive outlook is slightly tempered by a downward revision in closed sales guidance. Additionally, the completion of the $173 million acquisition of CQG, an execution management system provider, strengthens Broadridge's Global Technology and Operations segment, aligning with its strategy to innovate capital markets. While some of this information was pre-released via news, the 8-K provides the official, detailed financial context and updated guidance.