Broadridge Financial Solutions Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.48B | $6.89B | $6.51B | $6.06B | $5.71B | $4.99B | $4.53B | $4.36B |
| Investor Communication Solutions | — | — | $4.90B | $4.50B | $4.22B | $3.69B | $3.37B | $3.35B |
| Global Technology and Operations | — | — | $1.61B | $1.56B | $1.49B | $1.30B | $1.16B | $1.02B |
| Cost of Revenue | $5.10B | $4.75B | $4.57B | $4.28B | $4.12B | $3.57B | $3.27B | $3.13B |
| Gross Profit | $2.38B | $2.14B | $1.93B | $1.79B | $1.59B | $1.42B | $1.26B | $1.23B |
| Gross Margin | 31.8% | 31.0% | 29.7% | 29.5% | 27.9% | 28.5% | 27.9% | 28.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.08B | $948.2M | $916.8M | $849.0M | $832.3M | $744.3M | $639.0M | $577.5M |
| Operating Income | $1.30B | $1.19B | $1.02B | $936.4M | $759.9M | $678.7M | $624.9M | $652.7M |
| Operating Margin | 17.4% | 17.3% | 15.6% | 15.4% | 13.3% | 13.6% | 13.8% | 15.0% |
| Interest Expense | $111.8M | $135.8M | $150.2M | $143.7M | $87.7M | $57.5M | $62.5M | $45.9M |
| Pretax Income | — | — | — | — | — | — | — | $607.3M |
| Income Tax Expense | $321.6M | $219.2M | $179.3M | $164.3M | $133.1M | $148.7M | $117.0M | $125.2M |
| Net Income | $1.12B | $839.5M | $698.1M | $630.6M | $539.1M | $547.5M | $462.5M | $482.1M |
| Net Margin | 15.0% | 12.2% | 10.7% | 10.4% | 9.4% | 11.0% | 10.2% | 11.1% |
| EPS (Basic) | $9.67 | $7.17 | $5.93 | $5.36 | $4.62 | $4.73 | $4.03 | $4.16 |
| EPS (Diluted) | $9.60 | $7.10 | $5.86 | $5.30 | $4.55 | $4.65 | $3.95 | $4.06 |
| Shares Outstanding (Basic) | 116.3M | 117.1M | 117.7M | 117.7M | 116.7M | 115.7M | 114.7M | 115.9M |
| Shares Outstanding (Diluted) | 117.1M | 118.3M | 119.1M | 119.0M | 118.5M | 117.8M | 117.0M | 118.8M |
| Dividends Per Share | $3.90 | $3.52 | $3.20 | $2.90 | $2.56 | $2.30 | $2.16 | $1.94 |
A great business at a fair price is superior to a fair business at a great price.