Broadridge Expands Board to 10 Members with Mosconi, Perry Appointments
Broadridge on Feb. 2 added Trish Mosconi and Christopher Perry to its board, expanding membership to 10 (eight independent), with Mosconi joining audit and compensation committees and Perry declining extra pay. Director Brett Keller will resign April 30 after 11 years, prompting a governance shift at the fintech solutions provider.
1. Strong Second Quarter Financial Performance
Broadridge reported total revenues of $1,714 million for the quarter ended December 31, 2025, up 8% from $1,589 million a year earlier. Recurring revenues rose 9% to $1,070 million, driven by 8% constant-currency growth in its Investor Communication Solutions and Global Technology & Operations segments. Adjusted operating income reached $265 million, a 1% increase year-over-year, while adjusted operating margin contracted to 15.5% from 16.6%, primarily due to higher distribution expenses and float income impacts. Diluted earnings per share doubled to $2.42, reflecting a 102% increase, and adjusted EPS rose 2% to $1.59, supported by a 14% increase in six-month operating income and a more than 100% jump in net earnings to $285 million.
2. Upgraded Fiscal 2026 Outlook
Management raised its full-year adjusted EPS growth forecast to a range of 9–12%, up from 8–12%, driven by sustained organic growth and contributions from recent acquisitions. The company reaffirmed its guidance for recurring revenue growth at the higher end of 5–7% on a constant-currency basis and maintained its adjusted operating income margin target of 20–21%. Closed sales are expected to total between $290 million and $330 million, reflecting continued demand for digital communications, shareholder engagement solutions and tokenization initiatives.
3. Board of Directors Enhancements
Broadridge appointed Trish Mosconi and Christopher Perry to its Board of Directors, expanding the board to ten members with eight independent directors. Ms. Mosconi brings over two decades of strategy and digital transformation experience at leading consulting and financial institutions, while Mr. Perry, Broadridge’s president since 2020, adds deep client-facing and growth-strategy expertise. Concurrently, director Brett Keller will step down on April 30, 2026 after 11 years of service to pursue a full-time leadership assignment in Japan, prompting acknowledgments from the CEO and board chair for his contributions during a period of significant corporate transformation.