Broadridge delivered total revenues of $1,714 million for the second quarter of fiscal 2026, an 8% year-over-year increase driven by a 9% rise in recurring revenues to $1,070 million. Adjusted EPS came in at $1.59, up 2% from $1.56 a year ago and ahead of the consensus estimate of $1.34. Diluted GAAP EPS jumped 102% to $2.42, reflecting a $137 million unrealized gain on digital assets and a $53 million realized gain from the company’s digital treasury contribution.

Investor Communication Solutions (ICS) posted revenues of $1,233 million, up 7%, with recurring revenues growing 9% on higher regulatory, equity and mutual fund position fees. Event-driven revenues in ICS declined 27% to $91 million due to lower mutual fund proxy activity. Global Technology & Operations (GTO) recurring revenues rose 9% to $481 million, supported by organic growth and the Kyndryl SIS acquisition, with digital asset services contributing $7 million of growth.

Operating income was $206 million, down 2% year-over-year, compressing the GAAP margin to 12.0% from 13.3%. Non-GAAP adjusted operating income increased 1% to $265 million but saw margins slip from 16.6% to 15.5%, primarily due to higher distribution costs and elevated float income. Interest expense fell by $9 million to $24 million, while the effective tax rate rose to 23.1% from 19.1%, reflecting a shift in discrete benefits and pre-tax income mix.

Management raised its fiscal 2026 adjusted EPS growth guidance to 9–12% and reiterated recurring revenue growth of 5–7% on a constant-currency basis. Closed sales targets remain at $290–$330 million for the year. The company reaffirmed an adjusted operating income margin target of 20–21%, underpinned by ongoing investments in tokenization, shareholder engagement and digital communications.