Broadridge reported total revenues of $1,714 million for Q2 FY 2026, up 8% year-over-year from $1,589 million, driven by a 9% increase in recurring revenues to $1,070 million. On a constant-currency basis, recurring revenue grew 8%, supported by both organic volume increases and recent acquisitions. Adjusted operating income rose 1% to $265 million, while adjusted operating margin stood at 15.5%, compared with 16.6% a year earlier. Diluted earnings per share were $2.42, marking a 102% increase over the prior year’s $1.20, and adjusted EPS rose 2% to $1.59, beating consensus estimates by 19 cents.

Investor Communication Solutions (ICS) revenues increased 7% to $1,233 million, with recurring revenue growth of 9% on strengthened position data services and digital communications, partially offset by a 27% decline in event-driven proxy services. Distribution revenues climbed 14% to $553 million, reflecting higher mailing volumes and a $32 million postage rate impact. Global Technology & Operations (GTO) saw recurring revenues rise 9% to $481 million, buoyed by new sales in capital markets and an 11% boost in wealth management following the Kyndryl Securities Industry Services acquisition. GTO pre-tax margin expanded to 16.1% from 11.3%, driven by higher volume and integration synergies.

Management raised its full-year adjusted EPS growth outlook to a range of 9–12%, up from the prior 8–12% target, while reaffirming recurring revenue growth guidance at the higher end of 5–7% (constant currency) and an adjusted operating margin target of 20–21%. Closed sales are expected to total $290–$330 million for FY 2026, reflecting continued strength in client demand for digital communications and transaction processing services.

Broadridge appointed Trish Mosconi and Christopher Perry to its Board of Directors, expanding the board to ten members, eight of whom are independent. Ms. Mosconi brings deep fintech and digital transformation expertise from Boston Consulting Group and Synchrony Financial, while Mr. Perry, Broadridge’s President since 2020, enhances continuity in growth strategy execution. Director Brett Keller will retire in April after 11 years of service. The new appointments aim to bolster oversight of innovation, M&A and AI initiatives.