Broadridge Financial Solutions (BR) Q2 FY2026 earnings: revenue $1.7 billion, up 7.8% on the year

Broadridge Financial Solutions, Inc. (BR) reported revenue of $1.7 billion for Q2 FY2026, the quarter ended 31 December 2025, up 7.8% on the same quarter a year earlier. Net income was $285 million, up 99.9% on the year, and diluted earnings per share $2.42. The figures are the company's own, from the 10-Q it filed with the SEC on 3 February 2026.

Revenue

$1.7 billion

+7.8% on the year · +7.8% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

12.0%

13.3% a year earlier

Q3 FY2024Q2 FY2026

Net income

$285 million

+99.9% on the year · +72.1% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$2.42

+101.7% on the year · +72.9% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 raised, 1 narrowed, 4 kept.

Revenue and recurring growth both rose: Total revenue rose 8 percent to $1,714 million. Recurring revenue rose 9 percent to $1,070 million, or 8 percent in constant currency, from organic growth and acquisitions in ICS and GTO.
ICS pre-tax earnings fell 21 percent: ICS pre-tax earnings fell $37 million to $137 million, as operating expenses rose 12 percent. Pre-tax margin fell to 11.1 percent from 15.1 percent, though ICS recurring revenue rose 9 percent.
Regulatory revenue grew fastest: Regulatory recurring revenue rose 18 percent, the fastest of the ICS product lines, with equity revenue position growth at 11 percent and mutual fund and ETF position growth at 15 percent.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	1,714	1,589	1,589	+7.8%	+7.8%
Cost of revenue	1,240	1,167	1,146	+6.3%	+8.2%
Gross profit	474	423	443	+12.1%	+6.8%
Gross margin	27.6%	26.6%	27.9%
Selling, general and administrative	268	234	233	+14.4%	+14.9%
Operating income	206	189	211	+9.1%	-2.2%
Operating margin	12.0%	11.9%	13.3%
Interest expense	27.7	27.9	36.6	-0.7%	-24.3%
Income tax	85.7	47.7	33.6	+79.7%	+155.1%
Net income	285	165	142	+72.1%	+99.9%
Net margin	16.6%	10.4%	9.0%
Diluted EPS	$2.42	$1.40	$1.20	+72.9%	+101.7%

$ million except per share.

Free 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	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	325	42.3	237	+667.8%	+37.2%
Capital expenditure	6.3	15.2	8.8	-58.6%	-28.4%
Free cash flow	318	27.1	228	+1,075.3%	+39.8%
Free cash flow margin	18.6%	1.7%	14.3%
Cash from investing	-22.5	-100	-210
Cash from financing	-224	-214	-24.1
Depreciation and amortisation	33.3	32.7	32.8	+1.8%	+1.5%
Share-based compensation	26.9	15.5	21.8	+73.5%	+23.4%
Buybacks	2.0	150	3.6	-98.7%	-44.4%
Dividends paid	114	103	103	+10.4%	+10.7%
Dividend per share	$0.97	$0.97	$0.88	0.0%	+10.8%
Diluted shares, weighted	118m	118m	118m	-0.3%	-0.5%
Shares outstanding at period end	117m	117m	117m	0.0%	-0.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	2,879	2,635	2,228	+9.3%	+29.2%
Debt	3,173	3,281	3,656	-3.3%	-13.2%
Operating lease liabilities	151	161	173	-6.0%	-12.7%
Other liabilities	2,436	2,226	2,174	+9.4%	+12.1%
Total liabilities and equity	8,640	8,303	8,231	+4.1%	+5.0%
Fixed assets	160	167	159	-4.0%	+0.6%
Goodwill	3,709	3,675	3,495	+0.9%	+6.1%
Intangible assets	1,206	1,263	1,346	-4.5%	-10.4%
Investments	215	213	185	+1.2%	+16.4%
Cash and equivalents	371	291	290	+27.5%	+27.9%
Other assets	2,978	2,694	2,756	+10.5%	+8.1%
Total assets	8,640	8,303	8,231	+4.1%	+5.0%

Questions

What was Broadridge Financial Solutions' revenue in Q2 FY2026?

Broadridge Financial Solutions (BR) reported revenue of $1.7 billion for Q2 FY2026, the quarter ended 31 December 2025, up 7.8% on the same quarter a year earlier.

How much did Broadridge Financial Solutions earn in Q2 FY2026?

Net income for Q2 FY2026 was $285 million, up 99.9% on the year, and diluted earnings per share $2.42.

When did Broadridge Financial Solutions report Q2 FY2026 results?

Broadridge Financial Solutions filed its 10-Q for the quarter ended 31 December 2025 with the SEC on 3 February 2026.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	1,260	1,534	1,723	1,283	1,293	1,646	1,839	1,431	1,405	1,726	1,944	1,423	1,589	1,812	2,065	1,589	1,714	1,954	2,220	1,669
Cost of revenue	978	1,078	1,147	990	988	1,138	1,159	1,075	1,057	1,187	1,253	1,075	1,146	1,236	1,296	1,167	1,240	1,327	1,367	1,240
Gross profit	281	456	576	293	305	508	680	356	348	539	691	348	443	576	770	423	474	627	853	428
Gross margin	22%	30%	33%	23%	24%	31%	37%	25%	25%	31%	36%	24%	28%	32%	37%	27%	28%	32%	38%	26%
SG&A	212	210	234	205	197	221	226	207	223	236	250	213	233	231	271	234	268	267	307	255
Operating income	68.9	246	342	87.5	108	287	454	148	124	303	441	134	211	345	499	189	206	360	546	174
Operating margin	5%	16%	20%	7%	8%	17%	25%	10%	9%	18%	23%	9%	13%	19%	24%	12%	12%	18%	25%	10%
Interest expense	22.8	20.3	21.6	28.0	36.3	40.3	39.1	36.4	40.0	38.2	35.6	35.9	36.6	33.5	29.8	27.9	27.7	27.3	28.9	30.1
Net income	47.2	177	248	50.4	57.5	198	324	90.9	70.3	214	323	79.8	142	243	374	165	285	276	398	94.8
Net margin	4%	12%	14%	4%	4%	12%	18%	6%	5%	12%	17%	6%	9%	13%	18%	10%	17%	14%	18%	6%
Diluted EPS	$0.40	$1.49	$2.09	$0.42	$0.48	$1.67	$2.72	$0.76	$0.59	$1.79	$2.72	$0.68	$1.20	$2.05	$3.16	$1.40	$2.42	$2.36	$3.44	$0.83
Operating cash flow	40.8	80.7	457	-204	123	176	729	-62.0	190	207	721	-126	237	360	700	42.3	325	301	677	93.2
Capital expenditure	5.6	10.6	7.1	5.5	10.4	5.5	17.0	4.7	12.1	22.8	17.8	7.9	8.8	11.5	15.6	15.2	6.3	13.6	32.1	15.3
Free cash flow	35.2	70.1	450	-210	113	170	712	-66.7	178	185	703	-133	228	349	684	27.1	318	288	645	77.9
Buybacks	1.7	0.4	20.7	2.1	0.4	1.2	20.6	161	0.4	0.3	324	0.3	3.6	0.3	131	150	2.0	200	251	200
Dividends paid	74.4	74.7	74.8	75.0	85.3	85.4	85.3	85.6	94.1	94.2	94.3	93.4	103	103	103	103	114	114	113	111
Shares outstanding	117m	117m	117m	118m	118m	118m	118m	118m	118m	118m	117m	117m	117m	117m	117m	117m	117m	116m	114m	113m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 December 2025, filed 3 February 2026: the filing.