OverviewSuggest Edit

Broadridge Financial Solutions is a financial technology company providing investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers, and corporate issuers. It operates in two segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment is involved in the processing and distribution of proxy materials to investors in equity securities and mutual funds, as well as the facilitation of related vote processing. For this purpose, the company leverages ProxyEdge, an electronic proxy delivery and voting solution for institutional investors and financial advisors. The Global Technology and Operations segment provides securities processing solutions that automate the securities transaction lifecycle, from desktop productivity tools, data aggregation, performance reporting, and portfolio management to order capture and execution.

TypePublic
Founded1962
HQNew Hyde Park, NY, US
Websitebroadridge.com
Employee Ratings3.7
Overall CultureC-

Latest Updates

Employees (est.) (Jun 2020)12,000(+10%)
Job Openings674
Revenue (FY, 2020)$4.5 B(+4%)
Share Price (Sept 2021)$169.6
Cybersecurity ratingBMore

Key People/Management at Broadridge Financial Solutions

Chris Perry

Chris Perry

President
Tim Gokey

Tim Gokey

Chief Executive Officer, Management
Matt Connor

Matt Connor

Executive, Global Technology and Operations
Robert Schifellite

Robert Schifellite

Corporate Senior Vice President, Investor Communication Solutions & President, Investor Communication Solutions
Michael Alexander

Michael Alexander

President, Wealth Management and Global BPO
Doug DeSchutter

Doug DeSchutter

Corporate Vice President, President, Customer Communications
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Broadridge Financial Solutions Office Locations

Broadridge Financial Solutions has offices in New Hyde Park, Andover, Boston, Brentwood and in 29 other locations
New Hyde Park, NY, US (HQ)
5 Dakota Dr #300
Andover, MA, US
200 Brickstone Square floor 5
Boston, MA, US
125 High St floor 3
Brentwood, NY, US
1155 Long Island Ave
Brentwood, NY, US
300 Executive Dr
Brentwood, NY, US
51 Mercedes Way, Edgewood
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Broadridge Financial Solutions Financials and Metrics

Broadridge Financial Solutions Revenue

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Broadridge Financial Solutions's revenue was reported to be $4.53 b in FY, 2020 which is a 3.8% increase from the previous period.
USD

Revenue (Q3, 2021)

1.4b

Gross profit (Q3, 2021)

429.3m

Gross profit margin (Q3, 2021), %

30.9%

Net income (Q3, 2021)

165.0m

EBIT (Q3, 2021)

239.2m

Market capitalization (15-Sept-2021)

19.7b

Closing stock price (15-Sept-2021)

169.6

Cash (31-Mar-2021)

355.8m

EV

21.1b
Broadridge Financial Solutions's current market capitalization is $19.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

4.3b4.4b4.5b

Revenue growth, %

1%4%

Cost of goods sold

3.2b3.1b3.3b

Gross profit

1.2b1.2b1.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

972.8m953.4m1.2b948.6m968.7m1.2b1.0b1.1b1.4b

Cost of goods sold

739.0m734.0m847.3m727.5m780.9m872.5m787.1m806.5m960.5m

Gross profit

233.8m219.4m377.5m221.1m187.8m377.4m230.3m248.4m429.3m

Gross profit Margin, %

24%23%31%23%19%30%23%24%31%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

263.9m273.2m476.6m

Accounts Receivable

615.0m664.0m711.3m

Current Assets

991.1m1.0b1.3b

PP&E

204.1m189.0m161.6m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

427.9m482.1m462.5m

Depreciation and Amortization

212.0m260.0m299.3m

Accounts Payable

43.0m(10.9m)58.6m

Cash From Operating Activities

693.6m617.0m598.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

76.7m126.6m298.8m55.9m66.0m232.8m65.8m122.1m287.1m

Depreciation and Amortization

64.7m130.3m194.8m71.4m149.5m223.4m74.0m149.1m227.5m

Accounts Payable

(199.3m)(158.4m)(55.1m)(190.5m)(155.0m)(22.7m)(220.6m)(140.2m)1.6m

Cash From Operating Activities

(95.5m)82.1m217.9m(86.4m)11.5m155.6m(44.2m)83.3m189.5m
USDFY, 2018

Revenue/Employee

433.0k

Debt/Equity

1 x

Debt/Assets

0.3 x

Financial Leverage

3 x
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Broadridge Financial Solutions Operating Metrics

FY, 2015FY, 2016Jun, 2017FY, 2017FY, 2018FY, 2019FY, 2020

Accounts

140 m

Communications Processed

2 b2 b5 b6 m6 m6 m

Patents and Patent Applications

6060110110110110

Service Providers

250
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Broadridge Financial Solutions Acquisitions / Subsidiaries

Company NameDateDeal Size
ItivitiMarch 29, 2021€2.14 b
FundsLibraryJanuary 21, 2020
ClearStructure Financial TechnologyNovember 20, 2019
Fi360October 10, 2019
Shadow Financial SystemsOctober 01, 2019
Financial Database ServicesSeptember 03, 2019
RPM TechnologiesMay 21, 2019$300 m
RockalltechMay 01, 2019
MackayWilliams LLPJune 07, 2018
Broadridge Ireland LimitedMay 09, 2018
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Broadridge Financial Solutions Revenue Breakdown

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Broadridge Financial Solutions revenue breakdown by business segment: 74.8% from Investor Communication Solutions and 25.2% from Global Technology and Operations

Broadridge Financial Solutions revenue breakdown by geographic segment: 88.1% from United States, 7.5% from Canada and 4.4% from Other

Human Capital Metrics

Source: s1.q4cdn.com
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Broadridge Financial Solutions Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Broadridge Financial Solutions Online and Social Media Presence

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Broadridge Financial Solutions Company Culture

  • Overall Culture

    C-

    62/100

  • CEO Rating

    A+

    79/100

  • Compensation

    C

    64/100

  • Diversity

    D

    55/100

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Broadridge Financial Solutions News and Updates

Hamburg Commercial Bank Goes Live With Broadridge Payments As A Service - Bank Drives Transformation And Navigates Dynamic Change With Advanced Payments Platform And BPO Service To Provide Its Clients Best In Class Technology

Hamburg Commercial Bank Goes Live With Broadridge Payments As A Service - Bank Drives Transformation And Navigates Dynamic Change With Advanced Payments Platform And BPO Service To Provide Its Clients Best In Class Technology

Hamburg Commercial Bank Goes Live With Broadridge Payments As A Service - Bank Drives Transformation And Navigates Dynamic Change With Advanced Payments Platform And BPO Service To Provide Its Clients Best In Class Technology

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, today announced that Hamburg Commercial Bank is now live using Broadridge’s Payments as a Service – a cloud-based new-generation platform and BPO operation – to transform the bank’s international payments (including TARGET2) pr…

Broadridge has formed a strategic partnership with Ninth Wave

We are pleased to announce that Broadridge has formed a strategic partnership with Ninth Wave, a leading provider of secure data connectivity solutions for financial institutions. Broadridge’s industry-leading, reconciled investment #DataAggregation service, coupled with Ninth Wave’s held away asset…

Broadridge Reports Fourth Quarter and Fiscal 2021 Results

Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter and fiscal year 2021.

Broadridge Financial Sees 11 %- 15 % Growth In FY Adj . EPS ; Hikes Dividend

Broadridge Financial Sees 11 %- 15 % Growth In FY Adj . EPS ; Hikes Dividend

Broadridge Financial Solutions Inc . Q4 adjusted earnings Inline With Estimates

Broadridge Financial Solutions Inc . Q4 adjusted earnings Inline With Estimates
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Broadridge Financial Solutions Frequently Asked Questions

  • When was Broadridge Financial Solutions founded?

    Broadridge Financial Solutions was founded in 1962.

  • Who are Broadridge Financial Solutions key executives?

    Broadridge Financial Solutions's key executives are Chris Perry, Tim Gokey and Matt Connor.

  • How many employees does Broadridge Financial Solutions have?

    Broadridge Financial Solutions has 12,000 employees.

  • What is Broadridge Financial Solutions revenue?

    Latest Broadridge Financial Solutions annual revenue is $4.5 b.

  • What is Broadridge Financial Solutions revenue per employee?

    Latest Broadridge Financial Solutions revenue per employee is $377.4 k.

  • Who are Broadridge Financial Solutions competitors?

    Competitors of Broadridge Financial Solutions include SimCorp, Institutional Shareholder Services and FIS.

  • Where is Broadridge Financial Solutions headquarters?

    Broadridge Financial Solutions headquarters is located at 5 Dakota Dr #300, New Hyde Park.

  • Where are Broadridge Financial Solutions offices?

    Broadridge Financial Solutions has offices in New Hyde Park, Andover, Boston, Brentwood and in 29 other locations.

  • How many offices does Broadridge Financial Solutions have?

    Broadridge Financial Solutions has 38 offices.