Q1 2026 Broadridge Financial Solutions Inc Earnings Call Transcript
Key Points
- Broadridge Financial Solutions Inc (BR) delivered strong first-quarter results with 8% recurring revenue growth constant currency and 51% growth in adjusted EPS.
- The company is raising its recurring revenue outlook to the higher end of its 5% to 7% growth range.
- Broadridge is investing in new governance solutions, expanding tokenization capabilities, and making value-added acquisitions.
- The company repurchased $250 million of its shares over the last two quarters, demonstrating strong capital management.
- Broadridge is positioned to benefit from the growth of digital assets and the trend towards tokenization, which is seen as a mega trend in financial services.
- Event-driven revenue is expected to return to historic average levels, which may impact future revenue growth.
- The company faces a headwind from lower interest rates, which impacts data-driven fund solutions revenue.
- There is uncertainty regarding the speed of adoption of tokenized equities, which could affect future growth.
- Broadridge's digital asset revenues are subject to volatility, which could impact financial results.
- The company is expecting a more normalized level of event-driven revenue in the second quarter, which may result in lower EPS compared to the previous year.
Good day, and welcome to Broadridge's fiscal first-quarter 202 earnings conference call. (Operator Instructions)
Please note this event is being recorded. I would like now to turn the conference over to Mr. Edings Thibault, Head of Investor Relations. Please go ahead.
Thank you, Alan. Good morning, everybody, and welcome to Broadridge's first fiscal quarter 2026 earnings call. Our earnings release and the slides that accompany this call may be found on the Investor Relations section of broadridge.com. Joining me on the call this morning are Tim Gokey, our CEO; and our CFO, Ashwin Ghei.
Before I turn the call over to Tim, a few standard reminders. One, we will be making forward-looking statements on today's call regarding Broadridge that involve risks. A summary of these risks can be found on the second page of the slides and a more complete description on our annual report on Form 10-K. Two, we'll also be referring to several non-GAAP measures,
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