Broadridge Expands Board to 10 with Mosconi, Perry; Keller to Resign
Broadridge Financial Solutions has appointed Trish Mosconi and Christopher Perry to its board effective February 2, 2026, expanding governance to 10 members with eight independents. Brett Keller will resign on April 30, 2026, following 11 years of service.
1. Strong Q2 Fiscal 2026 Financial Performance
Broadridge reported total revenues of $1,714 million for the quarter ended December 31, 2025, an 8% increase over the prior year period. Recurring revenues rose 9% to $1,070 million, or 8% on a constant currency basis. Adjusted operating income edged up 1% to $265 million, with a non-GAAP margin of 15.5%. Diluted EPS was $2.42, a 102% year-over-year increase, while adjusted EPS grew 2% to $1.59. Closed sales climbed 24% to $57 million, driven by robust demand in its core businesses.
2. Segment Results Highlighted by ICS and GTO Growth
Investor Communication Solutions (ICS) saw revenues of $1,233 million, up 7%, with recurring revenue up 9% to $590 million. Regulatory and mutual fund/ETF position revenues grew 18% and 15%, respectively. Event-driven revenues declined 27% to $91 million, offset by a 14% increase in distribution revenues to $553 million. Global Technology & Operations (GTO) delivered recurring revenues of $481 million, up 9% (8% constant currency), led by 12% growth in Wealth & Investment Management and 8% in Capital Markets. Pre-tax margins expanded in GTO to 16.1%, from 11.3% a year ago.
3. Raised Full-Year Outlook on Investor Communications Strength
The company updated its fiscal 2026 guidance, increasing adjusted EPS growth to a 9–12% range from the prior 8–12%, while reaffirming recurring revenue growth at the higher end of 5–7%. Broadridge continues to expect non-GAAP operating income margins of 20–21% and closed sales between $290 million and $330 million. Management cited strong organic growth of 7% in recurring revenue and elevated event-driven activity as drivers for the outlook revision.
4. Board Expansion with Two New Independent Directors
Broadridge appointed Trish Mosconi and Christopher Perry to its Board of Directors, expanding the board to 10 members, eight of whom are independent. Ms. Mosconi brings experience in strategy, fintech and AI from Boston Consulting Group and Synchrony Financial, while Mr. Perry, Broadridge’s President since 2020, will continue to lead global sales and client solutions. Brett Keller will resign effective April 30, 2026, concluding 11 years of service; the company praised his contributions during a period of significant growth and transformation.