Broadridge Q1 FY27: recurring revenue up 11%, GAAP EPS down 41%
Broadridge's fiscal first quarter splits cleanly in two: recurring revenue rose 11.0% to $1.08 billion and management reaffirmed the full year, but adjusted EPS of $1.56 grew just 3.0% because adjusted net earnings were flat and the gain came from a smaller share count. Read the recurring line as the business and the EPS line as the score.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS fell to $0.83 from $1.40, driven by a $40.2 million loss on digital assets versus a $45.8 million gain a year earlier and $15.2 million of restructuring. Adjusted EPS of $1.56 versus $1.51 looks better than it is: adjusted net earnings were flat at $177.9 million, so the gain came from diluted shares dropping to 114.3 million from 118.0 million and an effective tax rate of 13.6% versus 22.4%.
Total revenue rose 5.0% to $1.67 billion, but the mix did the heavy lifting: recurring revenue added $106 million to $1.08 billion while event-driven revenue fell $46 million to $67.4 million. Distribution revenue of $518.2 million flatters the total, since roughly $18 million of the increase is postage pass-through rather than Broadridge economics.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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