Broadridge Financial Solutions (NYSE: BR) is a financial technology company that provides investor communications, regulatory processing, and capital markets technology to the global financial services industry. It makes money through recurring SaaS fees, event-driven processing fees, and distribution revenues tied to the volume of investor communications and securities transactions it handles. In FY2025 (year ended June 30, 2025), Broadridge reported total revenues of $6.89B, up 6% from $6.51B in FY2024, with recurring revenues of $4.51B representing the largest component. The company processed on average over $15 trillion in equity and fixed income trades per day in FY2025, managed proxy voting for over 900 million equity proxy positions, and processed over 7 billion investor and customer communications. It served the 15 largest U.S. wealth providers and provided fixed income trade processing to 21 of the 25 primary dealers of U.S. fixed income securities. Switching costs embedded in multi-year contracts and deep integration into clients' post-trade infrastructure create high retention across its broker-dealer, bank, and asset manager client base.
- Revenue model
- Recurring SaaS and processing fees from multi-year contracts with financial institutions (FY2025 recurring revenues: $4.51B, up 7% year over year). Event-driven revenues tied to proxy votes, mutual fund communications, and corporate actions ($319.3M in FY2025, up from $285.2M in FY2024). Distribution revenues from physical and digital investor communications on behalf of mutual funds and public companies. Total FY2025 revenues: $6.89B; operating income: $1.19B (17.3% margin).
- Products and services
- Two reported segments. Investor Communication Solutions: proxy processing and distribution, mutual fund communications, corporate issuer communications, print and digital investor communications across retail and institutional channels. Global Technology and Operations: front-to-back capital markets SaaS platform covering order capture, execution, trade confirmation, clearing and settlement, margin, cash management, securities financing, collateral management, regulatory reporting, and custody services. Wealth Management solutions for broker-dealers covering books and records, transaction processing, and reporting. Investment Management solutions including portfolio and order management, compliance, fee billing, risk management, and data warehousing for hedge funds, traditional asset managers, family offices, and fund administrators. Broadridge Trading and Connectivity Solutions: front-office trade order and execution management systems and multi-asset connectivity across equities, fixed income, FX, options, and exchange-traded derivatives.
- Customers and end markets
- Banks, broker-dealers, mutual funds, retirement service providers, corporate issuers, wealth management firms, institutional asset managers, hedge funds, family offices, alternative asset managers, insurance companies, annuity companies, clearing firms, third-party administrators, and financial advisors. Corporate issuer clients are typically publicly held companies. Also serves healthcare, insurance, consumer finance, telecommunications, utilities, and other service industries for investor and customer communications. Served the 15 largest U.S. wealth providers and 21 of 25 U.S. primary fixed income dealers as of FY2025.
- Value-chain role
- Post-trade and back-office infrastructure provider sitting between financial institutions and their end investors. Handles regulatory-mandated investor communications, proxy distribution, and the full post-trade transaction lifecycle from confirmation through settlement and custody reporting. Acts as a mutualized processing utility allowing financial firms to outsource non-differentiating operational functions at scale.
- Geographic exposure
- Primarily U.S.-focused based on disclosed client base (U.S. wealth providers, U.S. primary dealers). Also operates internationally with multi-currency, multi-entity platform capabilities supporting global capital markets and investment management clients. Specific international revenue breakdown not disclosed in the excerpts.
