$BR

BROADRIDGE FINANCIAL SOLUTIONS, INC.

CIK:0001383312|SEC Filings

Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Income Statement [Abstract]
Revenues	$ 7,476.8	$ 6,889.1	$ 6,506.8
Operating expenses:
Cost of revenues	5,100.7	4,752.3	4,572.9
Selling, general and administrative expenses	1,075.5	948.2	916.8
Total operating expenses	6,176.2	5,700.6	5,489.7
Operating income	1,300.6	1,188.6	1,017.1
Interest expense, net	(99.9)	(122.7)	(138.1)
Other non-operating income (expenses), net	245.2	(7.1)	(1.7)
Earnings before income taxes	1,445.8	1,058.7	877.4
Provision for income taxes	321.6	219.2	179.3
Net earnings	$ 1,124.3	$ 839.5	$ 698.1
Basic earnings per share (in dollars per share)	$ 9.67	$ 7.17	$ 5.93
Diluted earnings per share (in dollars per share)	$ 9.60	$ 7.10	$ 5.86
Weighted-average shares outstanding:
Basic (in shares)	116.3	117.1	117.7
Diluted (in shares)	117.1	118.3	119.1

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024
Cash Flows From Operating Activities
Net earnings	$ 1,124.3	$ 839.5	$ 698.1
Adjustments to reconcile Net earnings to net cash flows from operating activities:
Depreciation and amortization	137.7	130.7	119.8
Amortization of acquired intangibles and purchased intellectual property	203.6	196.6	200.3
Amortization of other assets	167.1	170.8	157.8
Write-down of long lived assets and related charges	5.3	14.5	18.2
Stock-based compensation expense	93.9	73.4	70.6
Deferred income taxes	105.8	(5.2)	(119.7)
Digital assets change in fair market value	(231.4)	0.0	0.0
Other	(41.8)	(24.4)	(57.7)
Changes in operating assets and liabilities, net of assets and liabilities acquired:
Accounts receivable, net	(19.6)	31.8	(37.4)
Other current assets	(31.5)	(5.4)	(2.8)
Payables and accrued expenses	(86.5)	(146.5)	136.5
Contract liabilities	68.8	56.5	80.6
Other non-current assets	(155.7)	(148.2)	(232.4)
Other non-current liabilities	5.9	(12.8)	24.3
Net cash flows from operating activities	1,345.6	1,171.3	1,056.2
Cash Flows From Investing Activities
Capital expenditures	(67.2)	(43.8)	(57.4)
Software purchases and capitalized internal use software	(45.4)	(71.1)	(55.6)
Acquisitions, net of cash acquired	(282.7)	(193.5)	(34.3)
Other investing activities	(56.7)	(7.8)	(0.8)
Net cash flows from investing activities	(452.0)	(316.2)	(148.0)
Cash Flows From Financing Activities
Debt proceeds	2,017.0	1,238.1	1,022.7
Debt repayments	(2,015.6)	(1,342.5)	(1,082.7)
Dividends paid	(443.5)	(402.3)	(368.2)
Purchases of Treasury stock	(603.7)	(134.9)	(485.4)
Proceeds from exercise of stock options	22.3	62.3	72.4
Other financing activities	(25.1)	(21.6)	(14.3)
Net cash flows from financing activities	(1,048.5)	(600.8)	(855.5)
Effect of exchange rate changes on Cash and cash equivalents	(3.7)	2.8	(0.6)
Net change in Cash and cash equivalents	(158.7)	257.1	52.1
Cash and cash equivalents, beginning of fiscal year	561.5	304.4	252.3
Cash and cash equivalents, end of fiscal year	402.9	561.5	304.4
Supplemental disclosure of cash flow information:
Cash payments made for interest	102.8	131.5	143.0
Cash payments made for income taxes, net of refunds	203.6	279.8	240.2
Non-cash investing and financing activities:
Accrual of unpaid property, plant, equipment and software	9.6	13.3	1.2
Accrual of unpaid stock repurchase excise tax	$ 5.4	$ 0.0	$ 2.7

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025
Current assets:
Cash and cash equivalents	$ 402.9	$ 561.5
Accounts receivable, net of allowance for doubtful accounts of $13.2 and $12.5, respectively	1,129.4	1,077.1
Other current assets	215.8	178.5
Total current assets	1,748.1	1,817.1
Property, plant and equipment, net	174.3	170.1
Goodwill	3,787.8	3,609.6
Intangible assets, net	1,199.9	1,277.4
Deferred client conversion and start-up costs	819.3	842.9
Other non-current assets	1,215.9	827.9
Total assets	8,945.3	8,545.0
Current liabilities:
Current portion of long-term debt	0.0	499.3
Payables and accrued expenses	1,138.2	1,112.8
Contract liabilities	276.6	249.1
Total current liabilities	1,414.8	1,861.2
Long-term debt	3,254.6	2,753.0
Deferred taxes	387.0	261.0
Contract liabilities	312.8	429.2
Other non-current liabilities	735.5	585.5
Total liabilities	6,104.7	5,889.9
Commitments and contingencies
Stockholders’ equity:
Preferred stock: Authorized, 25.0 shares; issued and outstanding, none	0.0	0.0
Common stock, $0.01 par value: Authorized, 650.0 shares; issued, 154.5 and 154.5 shares, respectively; outstanding, 114.0 and 117.1 shares, respectively	1.6	1.6
Additional paid-in capital	1,771.2	1,663.0
Retained earnings	4,553.6	3,862.5
Treasury stock, at cost: 40.4 and 37.3 shares, respectively	(3,201.7)	(2,599.0)
Accumulated other comprehensive income (loss)	(284.1)	(272.9)
Total stockholders’ equity	2,840.5	2,655.1
Total liabilities and stockholders’ equity	$ 8,945.3	$ 8,545.0