Broadridge Financial Solutions (BR) FY2024 results: revenue $6.5 billion, up 7.4% on the year
Broadridge Financial Solutions, Inc. (BR) reported revenue of $6.5 billion for fiscal 2024, the year ended 30 June 2024, up 7.4% on the year before. Net income was $698 million, up 10.7%, and diluted earnings per share $5.86. The figures are the company's own, from the 10-K it filed with the SEC on 6 August 2024.
Revenue
$6.5 billion
+7.4% on the year
FY2017FY2024
Operating margin
15.6%
15.4% a year earlier
FY2017FY2024
Net income
$698 million
+10.7% on the year
FY2017FY2024
Diluted EPS
$5.86
+10.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,056
823
444
+28.3%
Capital expenditure
57.4
38.4
29.0
+49.5%
Free cash flow
999
785
414
+27.3%
Free cash flow margin
15.4%
13.0%
7.3%
Cash from investing
-148
-80.4
-110
Cash from financing
-856
-715
-371
Depreciation and amortisation
120
84.4
82.4
+41.9%
Share-based compensation
70.6
73.1
68.4
-3.4%
Buybacks
485
24.3
22.8
+1,897.5%
Dividends paid
368
331
291
+11.2%
Dividend per share
$3.20
$2.90
$2.56
+10.3%
Diluted shares, weighted
119m
119m
118m
+0.1%
Shares outstanding at period end
117m
118m
117m
-1.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,168
2,241
1,919
-3.2%
Debt
3,355
3,413
3,793
-1.7%
Operating lease liabilities
184
198
228
-7.4%
Other liabilities
2,535
2,381
2,229
+6.5%
Total liabilities and equity
8,242
8,233
8,169
+0.1%
Fixed assets
162
146
151
+11.3%
Goodwill
3,469
3,462
3,485
+0.2%
Intangible assets
1,307
1,467
1,077
-10.9%
Investments
171
142
119
+20.7%
Cash and equivalents
304
252
225
+20.7%
Inventory
30.5
34.1
29.3
-10.6%
Other assets
2,797
2,730
3,083
+2.5%
Total assets
8,242
8,233
8,169
+0.1%
10-K for the year ended 30 June 2024, filed 6 August 2024: the filing.