0001383312false00013833122024-05-082024-05-08

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 8, 2024
------------
BROADRIDGE FINANCIAL SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware
001-33220
33-1151291
(State or other jurisdiction of incorporation)
(Commission file number)
(I.R.S. Employer Identification No.)


5 Dakota Drive
Lake SuccessNew York11042
(Street Address)(City)(State)Zip Code

Registrant’s telephone number, including area code: (516) 472-5400

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class:
Trading Symbol
Name of Each Exchange on Which Registered:
Common Stock, par value $0.01 per share
BR
New York Stock Exchange





Item 2.02. Results of Operations and Financial Condition.

On May 8, 2024, Broadridge Financial Solutions, Inc. (“Broadridge” or the “Company”) issued a press release (“Press Release”) announcing its financial results for the third quarter of fiscal year 2024 ended March 31, 2024. On May 8, 2024, the Company also posted an Earnings Webcast & Conference Call Presentation (the “Earnings Presentation”), dated May 8, 2024, on the Company’s Investor Relations website at www.broadridge-ir.com.

Copies of the Press Release and Earnings Presentation are being furnished as Exhibits 99.1 and 99.2, attached hereto, respectively, and are incorporated herein by reference. The information furnished pursuant to Items 2.02 and 9.01, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act.

Forward-Looking Statements
This current report on Form 8-K may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature and which may be identified by the use of words such as “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be,” “on track,” and other words of similar meaning, are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include:
•changes in laws and regulations affecting Broadridge’s clients or the services provided by Broadridge;
•Broadridge’s reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge’s services with favorable pricing terms;
•a material security breach or cybersecurity attack affecting the information of Broadridge’s clients;
•declines in participation and activity in the securities markets;
•the failure of Broadridge’s key service providers to provide the anticipated levels of service;
•a disaster or other significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services;
•overall market, economic and geopolitical conditions and their impact on the securities markets;
•the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients;
•Broadridge’s failure to keep pace with changes in technology and demands of its clients;
•competitive conditions;
•Broadridge’s ability to attract and retain key personnel; and
•the impact of new acquisitions and divestitures.

There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition. You should carefully read the factors described in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended June 30, 2023 filed with the Securities and Exchange Commission


on August 8, 2023 (the “Annual Report”) for a description of certain risks that could, among other things, cause our actual results to differ from these forward-looking statements.

All forward-looking statements speak only as of the date of this Current Report on Form 8-K and are expressly qualified in their entirety by the cautionary statements included in this Current Report on Form 8-K. We disclaim any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits.
Exhibit No.Description
104Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document.


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 8, 2024
BROADRIDGE FINANCIAL SOLUTIONS, INC.
By:/s/ Edmund L. Reese
     Edmund L. Reese
Corporate Vice President and
   Chief Financial Officer

EXHIBIT 99.1    
    
brlogorgbblue2017a12.jpg                            

Broadridge Reports Third Quarter Fiscal 2024 Results
Recurring revenues grew 4%; up 4% constant currency
Diluted EPS rose to $1.79 and Adjusted EPS increased 9% to $2.23
Q3 Closed sales rose 29%; up 19% year-to-date
Expecting FY’24 Recurring revenue growth constant currency at the low end of 6-9% guidance range, Adjusted EPS growth at the middle of 8-12% range, and record Closed sales
NEW YORK, N.Y., May 8, 2024 - Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the third quarter ended March 31, 2024 of its fiscal year 2024. Results compared with the same period last year were as follows:
Summary Financial ResultsThird QuarterNine Months
Dollars in millions, except per share data

20242023Change20242023Change
Recurring revenues$1,126$1,0824 %$2,896$2,7286 %
     Constant currency growth (Non-GAAP)4 %6 %
Total revenues$1,726$1,6465 %$4,563$4,2228 %
Operating income$303$2876 %$576$48219 %
     Margin17.5 %17.4 %12.6 %11.4 %
Adjusted Operating income (Non-GAAP)$370$3457 %$743$66811 %
     Margin (Non-GAAP)21.4 %21.0 %16.3 %15.8 %
Diluted EPS $1.79$1.677 %$3.14$2.5822 %
Adjusted EPS (Non-GAAP)$2.23$2.059 %$4.24$3.8111 %
Closed sales$80$6229 %$185$15619 %

“Broadridge reported 4% Recurring revenue growth and 9% Adjusted EPS growth in a quarter that was modestly impacted by the timing of annual meetings,” said Tim Gokey, Broadridge CEO. “Closed sales rose 29% as we continue to execute on our strategy to democratize and digitize governance, simplify and innovate trading in capital markets, and modernize wealth management.
“Entering our fourth quarter, Broadridge is poised to deliver another year of steady and consistent growth. For fiscal 2024, we expect Recurring revenue growth constant currency at the low end of our 6-9% guidance range and are reaffirming our outlook for Adjusted EPS growth at the middle of our 8-12% range, as well as record Closed sales of $280-320 million. We also expect to deliver on our full year objective of 100% free flow conversion, positioning Broadridge to return additional capital to shareholders while funding tuck-in M&A,” Mr. Gokey added.
“Broadridge remains well-positioned for long-term growth and is on track to deliver on our three-year growth objectives including 5-8% organic Recurring revenue growth, 7-9% total Recurring revenue growth constant currency, and 8-12% Adjusted EPS growth.”




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Fiscal Year 2024 Financial Guidance
 FY’24 GuidanceUpdates
Recurring revenue growth constant currency (Non-GAAP)6 - 9%Low end of range
Adjusted Operating income margin (Non-GAAP)~20%No Change
Adjusted Earnings per share growth (Non-GAAP)8 - 12%Middle of range
Closed sales$280 - $320MNo Change
Financial Results for Third Quarter Fiscal Year 2024 compared to Third Quarter Fiscal Year 2023
•Total revenues increased 5% to $1,726 million from $1,646 million.
◦Recurring revenues increased $44 million, or 4%, to $1,126 million. Recurring revenue growth constant currency (Non-GAAP) was 4%, all organic, driven by Net New Business and Internal Growth.
◦Event-driven revenues increased $15 million, or 29%, to $67 million, driven by equity proxy contests in the quarter.
◦Distribution revenues increased $21 million, or 4%, to $533 million, driven by the postage rate increase of approximately $30 million offset by lower communications volumes.
•Operating income was $303 million, an increase of $16 million, or 6%. Operating income margin increased to 17.5%, compared to 17.4% for the prior year period, primarily due to higher Recurring revenues and higher event-driven revenues.
◦Adjusted Operating income was $370 million, an increase of $25 million, or 7%. Adjusted Operating income margin was 21.4% compared to 21.0% for the prior year period. The combination of higher distribution revenue and higher float income had a net benefit of 20 basis points.
•Interest expense, net was $35 million, a decrease of $3 million, primarily due to a decrease in average borrowings, partially offset by an increase in interest expense from higher borrowing costs.
•The effective tax rate was 19.8% compared to 20.6% in the prior year period. The effective tax rate for the three months ended March 31, 2024 was primarily driven by a higher excess tax benefit related to equity compensation, relative to pre-tax income, as compared to the prior year period.
•Net earnings increased 8% to $214 million and Adjusted Net earnings increased 9% to $267 million.
◦Diluted earnings per share increased 7% to $1.79, compared to $1.67 in the prior year period, and
◦Adjusted earnings per share increased 9% to $2.23, compared to $2.05 in the prior year period.
Segment and Other Results for Third Quarter Fiscal Year 2024 compared to Third Quarter Fiscal Year 2023
Investor Communication Solutions (“ICS”)
•Total revenues were $1,301 million, an increase of $44 million, or 4%.
◦Recurring revenues increased $8 million or 1%, to $701 million. Recurring revenue growth constant currency (Non-GAAP) was 1%, all organic, driven by Net New Business partially offset by Internal Growth. Internal Growth was negatively impacted by the timing of equity proxy and mutual fund communications.
◦By product line, Recurring revenue growth and Recurring revenue growth constant currency (Non-GAAP) were as follows:
▪Regulatory was essentially flat. The positive impact of equity position growth of 5% was offset by a delay in proxy communications, which shifted a portion of those communications into the fiscal fourth quarter. Mutual fund/ETF position growth was (1)%.
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▪Data-driven fund solutions rose 4% and 4%, respectively, driven primarily by growth in our retirement and workplace products.
▪Issuer rose 3% and 3%, respectively, driven by growth in disclosure solutions.
▪Customer communications rose 1% and 1%, respectively, as growth in digital communications was partially offset by slower growth in print revenues.
◦Event-driven revenues increased $15 million, or 29%, to $67 million, driven by equity proxy contests in the quarter.
◦Distribution revenues increased $21 million, or 4%, to $533 million, driven by the postage rate increase of approximately $30 million offset by lower communication volumes.
•Earnings before income taxes increased by $15 million, or 6%, to $270 million, primarily from higher Event-driven and Recurring revenue. Operating expenses rose 3%, or $29 million, to $1,031 million primarily driven by higher distribution and other segment expenses. Pre-tax margins increased to 20.8% from 20.3% in the prior period.
Global Technology and Operations (“GTO”)
•Recurring revenues were $425 million, an increase of $37 million, or 9%. Recurring revenue growth constant currency (Non-GAAP) was 9%, all organic, driven by Internal Growth and Net New Business.
•By product line, Recurring revenue growth and the corresponding Recurring revenue growth constant currency (Non-GAAP) were as follows:
◦Capital Markets rose 8% and 8%, respectively, driven by Net New Business and Internal Growth. Internal Growth was driven primarily by software term license revenue and higher trading volumes.
◦Wealth and Investment Management rose 12% and 11%, respectively, driven primarily by Internal Growth from software term license revenue. Net New Business was flat as strong sales were offset by client losses.
•Earnings before income taxes were $53 million, an increase of $6 million, or 12%. Pre-tax margins increased to 12.5% from 12.3% as higher revenues more than offset higher expenses, including an increase in amortization and depreciation expenses of $16 million.
Other
•Loss before income tax increased to $57 million from $53 million in the prior year period, primarily due to a Litigation Settlement Charge of $8 million partially offset by lower compensation and other selling, general and administrative expenses and the absence of Russia-Related Exit Costs of $1 million.
Financial Results for the Nine Months Fiscal Year 2024 compared to the Nine Months Fiscal Year 2023
•Total revenues increased 8% to $4,563 million from $4,222 million.
◦Recurring revenues increased $168 million, or 6%, to $2,896 million. Recurring revenue growth constant currency (Non-GAAP) was 6%, all organic, driven by Net New Business and Internal Growth.
◦Event-driven revenues increased $57 million, or 38%, to $209 million, driven by higher mutual fund proxy, equity proxy contests, and corporate action activity.
◦Distribution revenues increased $116 million, or 9%, to $1,457 million, driven by the postage rate increase of approximately $85 million as well as higher event-driven mailings.
•Operating income was $576 million, an increase of $93 million, or 19%. Operating income margin increased to 12.6%, compared to 11.4% for the prior year period, primarily due to higher Recurring revenues and higher event-driven revenues.
◦Adjusted Operating income was $743 million, an increase of $75 million, or 11%. Adjusted Operating income margin was 16.3% compared to 15.8% for the prior year period. The combination of higher distribution revenue and higher float income had a net benefit of 50 basis points.
3



•Interest expense, net was $105 million, an increase of $6 million, primarily due to an increase in interest expense from higher borrowing costs, partially offset by a decrease in average borrowings.
•The effective tax rate was 19.8% compared to 18.8% in the prior year period. The effective tax rate for the nine months ended March 31, 2024 was driven by an increase in pre-tax income relative to total discrete tax benefits. The higher excess tax benefit related to equity compensation was offset by a decrease in other discrete tax benefits.
•Net earnings increased 22% to $375 million and Adjusted Net earnings increased 12% to $506 million.
◦Diluted earnings per share increased 22% to $3.14, compared to $2.58 in the prior year period, and
◦Adjusted earnings per share increased 11% to $4.24, compared to $3.81 in the prior year period.
Segment and Other Results for the Nine Months Fiscal Year 2024 compared to the Nine Months Fiscal Year 2023
Investor Communication Solutions
•Total revenues were $3,330 million, an increase of $232 million, or 8%.
◦Recurring revenues increased $60 million or 4%, to $1,663 million. Recurring revenue growth constant currency (Non-GAAP) was 4%, all organic, driven primarily by Net New Business and Internal Growth. Internal Growth was negatively impacted by the timing of equity proxy communications.
◦By product line, Recurring revenue growth and Recurring revenue growth constant currency (Non-GAAP) were as follows:
▪Regulatory rose 3% and 3%, respectively. The positive impact of equity position growth of 6% was offset by a delay in proxy communications, which shifted a portion of those communications into the fiscal fourth quarter. Mutual fund/ETF position growth was 2%.
▪Data-driven fund solutions rose 8% and 7%, respectively, driven by growth in our retirement and workplace products.
▪Issuer rose 10% and 10%, respectively, driven by growth in our registered shareholder solutions and disclosure solutions.
▪Customer communications rose 1% and 1%, respectively, driven by growth in digital communications, partially offset by a modest decline in print revenue.
◦Event-driven revenues increased $57 million, or 38%, to $209 million, driven by higher mutual fund proxy, equity proxy contests, and corporate action activity.
◦Distribution revenues increased $116 million, or 9%, to $1,457 million, driven by the postage rate increase of approximately $85 million as well as higher event-driven mailings.
•Earnings before income taxes increased by $101 million, or 27%, to $481 million, primarily from higher Recurring revenue and higher event-driven revenue. Operating expenses rose 5%, or $131 million, to $2,848 million primarily driven by higher distribution expenses. Pre-tax margins increased to 14.5% from 12.3% in the prior period.
Global Technology and Operations
•Recurring revenues were $1,233 million, an increase of $108 million, or 10%. Recurring revenue growth constant currency (Non-GAAP) was 9%, all organic, driven by Net New Business and Internal Growth.
•By product line, Recurring revenue growth and the corresponding Recurring revenue growth constant currency (Non-GAAP) were as follows:
◦Capital Markets rose 10% and 9%, respectively, driven by Net New Business and Internal Growth, which benefited from higher trading volumes.
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◦Wealth and Investment Management rose 9% and 10%, respectively, driven primarily by Net New Business and Internal Growth.
•Earnings before income taxes were $126 million, a decrease of $6 million, or 4%. Pre-tax margins decreased to 10.2% from 11.7% as higher revenues were more than offset by higher expenses, including an increase in amortization and depreciation expenses of $46 million.
Other
•Loss before income taxes increased to $140 million from $135 million in the prior year period, primarily due to a Litigation Settlement Charge of $8 million, an increase in Interest expense, net of $6 million, partially offset by the absence of Russia-Related Exit Costs of $11 million.
Earnings Conference Call
An analyst conference call will be held today, May 8, 2024 at 8:30 a.m. ET. A live webcast of the call will be available to the public on a listen-only basis. To listen to the live event and access the slide presentation, visit Broadridge’s Investor Relations website at www.broadridge-ir.com prior to the start of the webcast. To listen to the call, investors may also dial 1-877-328-2502 within the United States and international callers may dial 1-412-317-5419. A replay of the webcast will be available and can be accessed in the same manner as the live webcast at the Broadridge Investor Relations site. Through May 15, 2024, the recording will also be available by dialing 1-877-344-7529 within the United States or 1-412-317-0088 for international callers, using passcode 9347187 for either dial-in number.
Explanation and Reconciliation of the Company’s Use of Non-GAAP Financial Measures
The Company’s results in this press release are presented in accordance with U.S. GAAP except where otherwise noted. In certain circumstances, results have been presented that are not generally accepted accounting principles measures (“Non-GAAP”). These Non-GAAP measures are Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share, Free cash flow, and Recurring revenue growth constant currency. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company’s reported results.
The Company believes our Non-GAAP financial measures help investors understand how management plans, measures and evaluates the Company’s business performance. Management believes that Non-GAAP measures provide consistency in its financial reporting and facilitates investors’ understanding of the Company’s operating results and trends by providing an additional basis for comparison. Management uses these Non-GAAP financial measures to, among other things, evaluate our ongoing operations, and for internal planning and forecasting purposes. In addition, and as a consequence of the importance of these Non-GAAP financial measures in managing our business, the Company’s Compensation Committee of the Board of Directors incorporates Non-GAAP financial measures in the evaluation process for determining management compensation.
Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Earnings and Adjusted Earnings Per Share
These Non-GAAP measures are adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items the exclusion of which management believes provides insight regarding our ongoing operating performance. Depending on the period presented, these adjusted measures exclude the impact of certain of the following items: (i) Amortization of Acquired Intangibles and Purchased Intellectual Property, (ii) Acquisition and Integration Costs, (iii) Russia-Related Exit Costs, (iv) Litigation Settlement Charge, and (v) Restructuring and Other Related Costs. Amortization of Acquired Intangibles and Purchased Intellectual Property represents non-cash amortization expenses associated with the Company’s acquisition activities. Acquisition and Integration Costs represent certain transaction and integration costs associated with the Company’s acquisition activities. Russia-Related Exit Costs are direct and incremental costs associated with the Company’s wind down of business activities in Russia in response to Russia’s invasion of Ukraine, including relocation-related expenses of impacted associates. Litigation Settlement Charge represents the reserve established during the third quarter of 2024 related to the settlement of a claim. Restructuring and Other Related Costs represent costs associated with the Company’s Corporate Restructuring Initiative to exit and/or realign some of our businesses, streamline the Company’s management structure, reallocate work to lower cost locations, and reduce headcount in deprioritized areas.
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We exclude Acquisition and Integration Costs, Russia-Related Exit Costs, Litigation Settlement Charge, and Restructuring and Other Related Costs from our Adjusted Operating income (as applicable) and other adjusted earnings measures because excluding such information provides us with an understanding of the results from the primary operations of our business and enhances comparability across fiscal reporting periods, as these items are not reflective of our underlying operations or performance. We also exclude the impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, as these non-cash amounts are significantly impacted by the timing and size of individual acquisitions and do not factor into the Company's capital allocation decisions, management compensation metrics or multi-year objectives. Furthermore, management believes that this adjustment enables better comparison of our results as Amortization of Acquired Intangibles and Purchased Intellectual Property will not recur in future periods once such intangible assets have been fully amortized. Although we exclude Amortization of Acquired Intangibles and Purchased Intellectual Property from our adjusted earnings measures, our management believes that it is important for investors to understand that these intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in the amortization of additional intangible assets.
Free cash flow
In addition to the Non-GAAP financial measures discussed above, we provide Free cash flow information because we consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated that could be used for dividends, share repurchases, strategic acquisitions, other investments, as well as debt servicing. Free cash flow is a Non-GAAP financial measure and is defined by the Company as Net cash flows provided by operating activities less Capital expenditures as well as Software purchases and capitalized internal use software.
Recurring revenue growth constant currency
As a multi-national company, we are subject to variability of our reported U.S. dollar results due to changes in foreign currency exchange rates. The exclusion of the impact of foreign currency exchange fluctuations from our Recurring revenue growth, or what we refer to as amounts expressed “on a constant currency basis,” is a Non-GAAP measure. We believe that excluding the impact of foreign currency exchange fluctuations from our Recurring revenue growth provides additional information that enables enhanced comparison to prior periods.
Changes in Recurring revenue growth expressed on a constant currency basis are presented excluding the impact of foreign currency exchange fluctuations. To present this information, current period results for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average exchange rates in effect during the corresponding period of the comparative year, rather than at the actual average exchange rates in effect during the current fiscal year.
Forward-Looking Statements
This press release and other written or oral statements made from time to time by representatives of Broadridge may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words such as “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be,” “on track,” and other words of similar meaning, are forward-looking statements. In particular, information appearing in the “Fiscal Year 2024 Financial Guidance” section and statements about our three-year objectives are forward-looking statements.
These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended June 30, 2023 (the “2023 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2023 Annual Report.
These risks include:
•changes in laws and regulations affecting Broadridge’s clients or the services provided by Broadridge;
6



•Broadridge’s reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge’s services with favorable pricing terms;
•a material security breach or cybersecurity attack affecting the information of Broadridge’s clients;
•declines in participation and activity in the securities markets;
•the failure of Broadridge's key service providers to provide the anticipated levels of service;
•a disaster or other significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services;
•overall market, economic and geopolitical conditions and their impact on the securities markets;
•the success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients;
•Broadridge’s failure to keep pace with changes in technology and demands of its clients;
•competitive conditions;
•Broadridge’s ability to attract and retain key personnel; and
•the impact of new acquisitions and divestitures.
There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition.
Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions to banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. In addition, Broadridge's technology and operations platforms underpin the daily trading of on average more than U.S. $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is a part of the S&P 500® Index, employing over 14,000 associates in 21 countries. For more information about Broadridge, please visit www.broadridge.com.
Contact Information    
Investors
broadridgeir@broadridge.com

Media
Gregg.rosenberg@broadridge.com


7




Condensed Consolidated Statements of Earnings
(Unaudited)

In millions, except per share amounts

Three Months Ended March 31,Nine Months Ended March 31,
2024202320242023
Revenues$1,726.5 $1,645.7 $4,562.5 $4,221.9 
Operating expenses:
      Cost of revenues1,187.3 1,137.7 3,319.8 3,116.4 
      Selling, general and administrative expenses236.2 221.2 667.0 623.3 
      Total operating expenses1,423.6 1,358.9 3,986.8 3,739.7 
Operating income302.9 286.8 575.7 482.2 
Interest expense, net(35.3)(38.5)(105.1)(99.5)
Other non-operating income (expenses), net(0.9)1.8 (3.5)(5.3)
Earnings before income taxes266.7 250.1 467.2 377.4 
Provision for income taxes52.9 51.6 92.3 70.9 
Net earnings$213.7 $198.5 $374.9 $306.5 
Basic earnings per share$1.81 $1.69 $3.18 $2.61 
Diluted earnings per share$1.79 $1.67 $3.14 $2.58 
Weighted-average shares outstanding:
      Basic117.8 117.7 117.8 117.6 
      Diluted119.4 119.1 119.2 118.9 

Amounts may not sum due to rounding.
8

        
Condensed Consolidated Balance Sheets
(Unaudited)
In millions, except per share amounts


March 31, 2024June 30,
2023
Assets
Current assets:
Cash and cash equivalents$235.6 $252.3 
Accounts receivable, net of allowance for doubtful accounts of $7.9 and $7.2, respectively
1,165.1 974.0 
Other current assets164.3 166.2 
Total current assets1,565.1 1,392.5 
Property, plant and equipment, net155.0 145.7 
Goodwill3,451.9 3,461.6 
Intangible assets, net1,317.2 1,467.2 
Deferred client conversion and start-up costs905.2 937.0 
Other non-current assets821.0 829.2 
Total assets$8,215.4 $8,233.2 
Liabilities and Stockholders’ Equity
Current liabilities:
Current portion of long-term debt$— $1,178.5 
Payables and accrued expenses893.5 1,019.5 
Contract liabilities229.0 199.8 
Total current liabilities1,122.4 2,397.8 
Long-term debt3,513.9 2,234.7 
Deferred taxes329.5 391.3 
Contract liabilities483.9 492.8 
Other non-current liabilities498.4 476.0 
Total liabilities5,948.2 5,992.6 
Stockholders’ equity:
Preferred stock: Authorized, 25.0 shares; issued and outstanding, none
— — 
Common stock, $0.01 par value: Authorized, 650.0 shares; issued, 154.5 and 154.5 shares, respectively; outstanding, 118.0 and 118.1 shares, respectively
1.6 1.6 
Additional paid-in capital1,545.2 1,436.8 
Retained earnings3,205.3 3,113.0 
Treasury stock, at cost: 36.5 and 36.4 shares, respectively
(2,171.1)(2,026.1)
Accumulated other comprehensive income (loss)(313.6)(284.7)
Total stockholders’ equity2,267.2 2,240.6 
Total liabilities and stockholders’ equity$8,215.4 $8,233.2 

Amounts may not sum due to rounding.
9

Condensed Consolidated Statements of Cash Flows
(Unaudited)
In millions


Nine Months Ended 
 March 31,
20242023
Cash Flows From Operating Activities
Net earnings$374.9 $306.5 
Adjustments to reconcile net earnings to net cash flows from operating activities:
Depreciation and amortization89.6 63.7 
Amortization of acquired intangibles and purchased intellectual property151.4 162.8 
Amortization of other assets116.8 95.3 
Write-down of long-lived assets and related charges14.9 2.7 
Stock-based compensation expense57.1 57.4 
Deferred income taxes(62.9)(49.5)
Other(29.5)(16.5)
Changes in operating assets and liabilities, net of assets and liabilities acquired:
Current assets and liabilities:
               Accounts receivable, net(145.9)(112.2)
               Other current assets6.1 15.6 
               Payables and accrued expenses(153.2)(180.2)
               Contract liabilities30.6 15.2 
Non-current assets and liabilities:
               Other non-current assets(175.7)(405.7)
               Other non-current liabilities60.8 139.1 
Net cash flows from operating activities335.2 94.1 
Cash Flows From Investing Activities
Capital expenditures(39.6)(21.4)
Software purchases and capitalized internal use software(37.0)(25.4)
Other investing activities— (2.3)
Net cash flows from investing activities(76.6)(49.1)
Cash Flows From Financing Activities
Debt proceeds722.7 750.0 
Debt repayments(622.7)(470.0)
Dividends paid(273.9)(245.7)
Purchases of Treasury stock(161.8)(3.7)
Proceeds from exercise of stock options70.5 35.1 
Other financing activities(10.0)(2.5)
Net cash flows from financing activities(275.1)63.3 
Effect of exchange rate changes on Cash and cash equivalents(0.2)(1.4)
Net change in Cash and cash equivalents(16.7)106.9 
Cash and cash equivalents, beginning of period252.3 224.7 
Cash and cash equivalents, end of period$235.6 $331.6 

Amounts may not sum due to rounding.
10


Segment Results
(Unaudited)
In millions

Three Months Ended 
 March 31,		Nine Months Ended 
 March 31,
2024202320242023
Revenues
Investor Communication Solutions$1,301.4 $1,257.2 $3,329.6 $3,097.2 
Global Technology and Operations425.1 388.5 1,233.0 1,124.6 
Total$1,726.5 $1,645.7 $4,562.5 $4,221.9 
Earnings before Income Taxes
Investor Communication Solutions$270.3$255.5$481.4$380.4
Global Technology and Operations53.247.6126.2131.9
Other(56.9)(53.1)(140.4)(134.9)
Total$266.7$250.1$467.2$377.4
Pre-tax margins:
Investor Communication Solutions20.8 %20.3 %14.5 %12.3 %
Global Technology and Operations12.5 %12.3 %10.2 %11.7 %
Amortization of acquired intangibles and purchased intellectual property
Investor Communication Solutions$11.4 $13.3 $34.2 $43.7 
Global Technology and Operations39.2 39.9 117.1 119.1 
       Total$50.6 $53.3 $151.4 $162.8 
Amounts may not sum due to rounding.






11


Supplemental Reporting Detail - Additional Product Line Reporting
(Unaudited)

In millions

Three Months Ended 
 March 31,		Nine Months Ended 
 March 31,
20242023% Change20242023Change
Investor Communication Solutions
Regulatory
$344.6 $345.7 — %$718.7 $697.1 3 %
Data-driven fund solutions
106.2 102.0 4 %313.3 290.9 8 %
Issuer
59.6 57.7 3 %118.7 108.2 10 %
Customer communications
190.8 188.0 1 %512.5 507.3 1 %
         Total ICS Recurring revenues701.1 693.5 1 %1,663.2 1,603.5 4 %
Equity and other46.0 29.2 58 %108.9 83.9 30 %
Mutual funds21.1 22.6 (7 %)100.3 68.2 47 %
         Total ICS Event-driven revenues67.0 51.8 29 %209.2 152.1 38 %
Distribution revenues533.3 511.9 4 %1,457.2 1,341.6 9 %
Total ICS Revenues$1,301.4 $1,257.2 4 %$3,329.6 $3,097.2 8 %
Global Technology and Operations
Capital markets
$265.8 $245.8 8 %$776.7 $707.8 10 %
Wealth and investment management
159.3 142.7 12 %456.3 416.9 9 %
         Total GTO Recurring revenues425.1 388.5 9 %1,233.0 1,124.6 10 %
         Total Revenues$1,726.5 $1,645.7 5 %$4,562.5 $4,221.9 8 %
Revenues by Type
Recurring revenues$1,126.2 $1,082.0 4 %$2,896.2 $2,728.2 6 %
Event-driven revenues67.0 51.8 29 %209.2 152.1 38 %
Distribution revenues533.3 511.9 4 %1,457.2 1,341.6 9 %
         Total Revenues$1,726.5 $1,645.7 5 %$4,562.5 $4,221.9 8 %

Amounts may not sum due to rounding.
















12


Select Operating Metrics
(Unaudited)
In millions
Three Months Ended
March 31,		Nine Months Ended
March 31,
20242023Change20242023Change
Closed sales (a)$79.6$61.629 %$185.2$156.019 %
Record Growth (b)
Equity positions (Stock records)5 %10 %6 %10 %
Mutual fund/ETF positions (Interim records)(1)%6 %2 %8 %
Internal Trade Growth (c)11 %1 %13 %4 %
Amounts may not sum due to rounding.
(a) Refer to the “Results of Operations” section of Broadridge’s Form 10-Q for a description of Closed sales and its calculation.
(b) Record Growth is comprised of stock record growth and interim record growth. Stock record growth (also referred to as “SRG” or “equity position growth”) measures the estimated annual change in positions eligible for equity proxy materials. Interim record growth (also referred to as “IRG” or “mutual fund/ETF position growth”) measures the estimated change in mutual fund and exchange traded fund positions eligible for interim communications. These metrics are calculated from equity proxy and mutual fund/ETF position data reported to Broadridge for the same issuers or funds in both the current and prior year periods.
(c) Represents the estimated change in daily average trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge’s trading platforms in both the current and prior year periods.

13


Reconciliation of Non-GAAP to GAAP Measures
(Unaudited)
In millions, except per share amounts


Three Months Ended 
 March 31,		Nine Months Ended March 31,
2024202320242023
Reconciliation of Adjusted Operating Income
Operating income (GAAP)$302.9$286.8$575.7$482.2
Adjustments:
Amortization of Acquired Intangibles and Purchased Intellectual Property50.653.3151.4162.8
Acquisition and Integration Costs0.83.31.011.0
       Russia-Related Exit Costs (a)—1.5—12.0
       Litigation Settlement Charge8.2—8.2—
       Restructuring and Other Related Costs (b)7.0—7.0—
Adjusted Operating income (Non-GAAP)$369.5$344.8$743.3$668.0
Operating income margin (GAAP)17.5%17.4%12.6%11.4%
Adjusted Operating income margin (Non-GAAP)21.4%21.0%16.3%15.8%
Reconciliation of Adjusted Net earnings
Net earnings (GAAP)$213.7 $198.5 $374.9 $306.5 
Adjustments:
Amortization of Acquired Intangibles and Purchased Intellectual Property50.6 53.3 151.4 162.8 
Acquisition and Integration Costs0.8 3.3 1.0 11.0 
Russia-Related Exit Costs (a)— 1.5 — 10.8 
Litigation Settlement Charge8.2 — 8.2 — 
Restructuring and Other Related Costs (b)7.0 — 7.0 — 
     Subtotal of adjustments66.6 58.0 167.6 184.6 
Tax impact of adjustments (c)(13.5)(12.0)(36.5)(38.4)
Adjusted Net earnings (Non-GAAP)$266.8 $244.5 $506.0 $452.7 
Reconciliation of Adjusted EPS
Diluted earnings per share (GAAP)$1.79 $1.67 $3.14 $2.58 
Adjustments:
Amortization of Acquired Intangibles and Purchased Intellectual Property0.42 0.45 1.27 1.37 
Acquisition and Integration Costs0.01 0.03 0.01 0.09 
Russia-Related Exit Costs
— 0.01 — 0.09 
Litigation Settlement Charge0.07 — 0.07 — 
Restructuring and Other Related Costs (b)0.06 — 0.06 — 
     Subtotal of adjustments0.56 0.49 1.41 1.55 
Tax impact of adjustments (c)(0.11)(0.10)(0.31)(0.32)
Adjusted earnings per share (Non-GAAP)$2.23 $2.05 $4.24 $3.81 
(a) Russia-Related Exit Costs were $1.5 million for the three months ended March 31, 2023. For the nine months ended March 31, 2023, Russia-Related Exit Costs were $10.8 million, comprised of $12.0 million of operating expenses, offset by a gain of $1.2 million in non-operating income.
14


(b) During the third quarter of fiscal year 2024, the Company exited a business resulting in a $7.0 million asset impairment charge in connection with the Corporate Restructuring Initiative.
(c) Calculated using the GAAP effective tax rate, adjusted to exclude $3.2 million and $9.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2024, respectively, and $0.3 million and $7.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2023, respectively. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis.

Nine Months Ended March 31,
20242023
Reconciliation of Free cash flow
Net cash flows from operating activities (GAAP)$335.2 $94.1 
Capital expenditures and Software purchases and capitalized internal use software(76.6)(46.8)
Free cash flow (Non-GAAP)$258.6 $47.3 
Reconciliation of Recurring Revenue Growth Constant Currency
Three Months Ended March 31, 2024
Investor Communication SolutionsRegulatoryData-Driven Fund SolutionsIssuerCustomer Comms. Total
Recurring revenue growth (GAAP)— %4 %3 %1 %1 %
Impact of foreign currency exchange— %— %— %— %— %
Recurring revenue growth constant currency (Non-GAAP)— %4 %3 %1 %1 %


Three Months Ended March 31, 2024
Global Technology and OperationsCapital MarketsWealth and Investment ManagementTotal
Recurring revenue growth (GAAP)8 %12 %9 %
Impact of foreign currency exchange1 %— %— %
Recurring revenue growth constant currency (Non-GAAP)8 %11 %9 %

Three Months Ended March 31, 2024
ConsolidatedTotal
Recurring revenue growth (GAAP)4 %
Impact of foreign currency exchange— %
Recurring revenue growth constant currency (Non-GAAP)4 %

15


Nine Months Ended March 31, 2024
Investor Communication SolutionsRegulatoryData-Driven Fund SolutionsIssuerCustomer Comms. Total
Recurring revenue growth (GAAP)3 %8 %10 %1 %4 %
Impact of foreign currency exchange— %(1 %)— %— %— %
Recurring revenue growth constant currency (Non-GAAP)3 %7 %10 %1 %4 %


Nine Months Ended March 31, 2024
Global Technology and OperationsCapital MarketsWealth and Investment ManagementTotal
Recurring revenue growth (GAAP)10 %9 %10 %
Impact of foreign currency exchange(1 %)— %(1 %)
Recurring revenue growth constant currency (Non-GAAP)9 %10 %9 %
Nine Months Ended March 31, 2024
ConsolidatedTotal
Recurring revenue growth (GAAP)6 %
Impact of foreign currency exchange— %
Recurring revenue growth constant currency (Non-GAAP)6 %
Amounts may not sum due to rounding.



16


Fiscal Year 2024 Guidance
Reconciliation of Non-GAAP to GAAP Measures
Adjusted Earnings Per Share Growth and Adjusted Operating Income Margin
(Unaudited)

FY24 Recurring revenue growth
Impact of foreign currency exchange (a)0 - 0.5%
Recurring revenue growth constant currency (Non-GAAP)6 - 9%
FY24 Adjusted Operating income margin (b)
Operating income margin % (GAAP)~16%
Adjusted Operating income margin % (Non-GAAP)~20%
FY24 Adjusted earnings per share growth rate (c)
Diluted earnings per share (GAAP)9 - 15% growth
Adjusted earnings per share (Non-GAAP)8 - 12% growth
    
(a) Based on forward rates as of March 2024.
(b) Adjusted Operating income margin guidance (Non-GAAP) is adjusted to exclude the approximately $270 million impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Litigation Settlement Charge, Restructuring and Other Related Costs.
(c) Adjusted earnings per share growth guidance (Non-GAAP) is adjusted to exclude the approximately $1.80 per share impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Litigation Settlement Charge, Restructuring and Other Related Costs, and Acquisition and Integration Costs, and is calculated using diluted shares outstanding.





17

Powering and transforming financial markets Earnings Conference Call Fiscal Third Quarter 2024 May 8, 2024 EXHIBIT 99.2

 
1 Forward-Looking Statements This presentation and other written or oral statements made from time to time by representatives of Broadridge Financial Solutions, Inc. ("Broadridge" or the "Company") contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words such as “expects,” “assumes,” “projects,” “anticipates,” “estimates,” “we believe,” “could be,” “on track,” and other words of similar meaning are forward-looking statements. In particular, information appearing in the “Fiscal Year 2024 Guidance” section and statements about our three-year objectives are forward-looking statements. These statements are based on management’s expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, “Item 1A. Risk Factors” of the Annual Report on Form 10-K for the year ended June 30, 2023 (the “2023 Annual Report”), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this presentation and are expressly qualified in their entirety by reference to the factors discussed in the 2023 Annual Report. These risks include: • Changes in laws and regulations affecting Broadridge’s clients or the services provided by Broadridge; • Broadridge’s reliance on a relatively small number of clients, the continued financial health of those clients, and the continued use by such clients of Broadridge’s services with favorable pricing terms; • A material security breach or cybersecurity attack affecting the information of Broadridge's clients; • Declines in participation and activity in the securities markets; • The failure of Broadridge's key service providers to provide the anticipated levels of service; • A disaster or other significant slowdown or failure of Broadridge’s systems or error in the performance of Broadridge’s services; • Overall market, economic and geopolitical conditions and their impact on the securities markets; • The success of Broadridge in retaining and selling additional services to its existing clients and in obtaining new clients; • Broadridge’s failure to keep pace with changes in technology and demands of its clients; • Competitive conditions; • Broadridge’s ability to attract and retain key personnel; and • The impact of new acquisitions and divestitures. There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition. Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.

 
2 Use of Non-GAAP financial measures, KPIs and foreign exchange rates Use of Non-GAAP Financial Measures This presentation includes certain Non-GAAP financial measures including Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share (“EPS”), Free cash flow, Free cash flow conversion, and Recurring revenue growth constant currency. Please see the “Explanation of Non-GAAP Measures and Reconciliation of GAAP to Non-GAAP Measures” section of this presentation for more information on Broadridge’s use of Non-GAAP measures and reconciliations to GAAP measures. Key Performance Indicators Management focuses on a variety of key indicators to plan, measure and evaluate the Company’s business and financial performance. These performance indicators include Revenues and Recurring revenue, as well as Non-GAAP measures of Adjusted Operating income, Adjusted Net earnings, Adjusted EPS, Free cash flow, Free cash flow conversion, Recurring revenue growth constant currency, and Closed sales. In addition, management focuses on select operating metrics specific to Broadridge of Record Growth, which is comprised of Stock Record Growth (also referred to as “SRG” or “equity position growth”) and Interim Record Growth (also referred to as “IRG” or “mutual fund/ETF position growth”), and Internal Trade Growth (“ITG”). Please refer to Item 2. Management’s Discussion and Analysis of Financial Condition of the 2023 Annual Report for a discussion of Revenues, Recurring revenue, Record Growth and Internal Trade Growth in the “Key Performance Indicators” section and the “Results of Operations” section for a description of Closed sales. Foreign Exchange Rates Beginning with the first quarter of fiscal year 2023, the Company changed reporting for segment revenues, segment earnings (loss) before income taxes, segment amortization of acquired intangibles and purchased intellectual property, and Closed sales to reflect the impact of actual foreign exchange rates applicable to the individual periods presented. The presentation of these metrics for the prior periods has been changed to conform to the current period presentation. Total consolidated revenues and earnings before income taxes were not impacted. Notes on Presentation Amounts presented in this presentation may not sum due to rounding. All FY’23 and FY’24 Recurring revenue dollar amounts shown in this presentation are GAAP, and FY’23 and FY’24 Recurring revenue growth percentages are shown as constant currency (Non-GAAP). Recurring revenue growth percentages for FY’21 through FY’22 are calculated based on constant foreign currency exchange rates used for internal management reporting as described in the Company’s segment footnote within its Form 10-K for each respective year. Use of Material Contained Herein The information contained in this presentation is being provided for your convenience and information only. This information is accurate as of the date of its initial presentation. If you plan to use this information for any purpose, verification of its continued accuracy is your responsibility. Broadridge assumes no duty to update or revise the information contained in this presentation.

 
3 Key messages Broadridge’s Recurring revenue grew 4% and Adjusted EPS grew 9% in a quarter modestly impacted by the timing of annual meetings Broadridge continues its strong execution across Governance, Capital Markets, and Wealth and Investment Management, supported by long-term trends including continued position growth Closed sales rose 29% in the third quarter, and 19% year-to-date, driven by innovative solutions across our franchises Broadridge remains on track to deliver 100% Free cash flow conversion in FY’24, positioning us to return additional capital to shareholders and fund targeted M&A Broadridge is poised to deliver another year of steady and consistent growth in FY’24, including Recurring revenue growth constant currency at the low end of our 6-9% range, Adjusted EPS growth at the middle of our 8-12% range, and record Closed sales 1 2 3 4 5

 
4 Broadridge is executing across Governance, Capital Markets, and Wealth & Investment Management Governance Capital Markets Wealth & Investment Mgmt. $701M +1% YoY $266M +8% YoY $159M +11% YoY • Equity position growth of 5% partially offset by (1%) Mutual Fund and ETF position growth • Disney contest highlights Broadridge’s commitment to digitization and accuracy; leading continued innovation in voter’s choice • Signed top-3 U.S. derivatives player to our next-gen derivatives platform; completed onboarding of leading Scandinavian bank to our global post-trade platform • Continued wealth sales momentum including strong interest in wealth platform components in Canadian market • Closed sales up 19% YTD entering seasonally strongest fourth quarter Recurring revenue $ in millions. Growth rates in constant currency. Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 29 Q3’24 Highlights

 
5 Broadridge is poised to deliver another year of mid-single digit organic Recurring revenue growth and double-digit earnings growth Long-term trends are driving strong Closed sales and mid-single digit position growth Broadridge is executing on its growth strategy to drive democratization and digitization in governance, simplify and innovate trading in capital markets, and modernize wealth management The combination of 100% Free cash flow conversion and our investment grade balance sheet has Broadridge positioned to increase capital returns and fund targeted, tuck-in M&A Our fiscal year 2024 outlook has Broadridge well-positioned to deliver on its three-year growth objectives and deliver long-term growth 1 2 3 4 5 Broadridge remains well-positioned for long-term growth

 
6 Summary financial results THIRD QUARTER $ in millions, except per share data 2024 2023 Inc./(Dec.) Recurring revenues $1,126 $1,082 4% Total revenues 1,726 1,646 5% Operating income 303 287 6% Adjusted Operating income (Non-GAAP) 370 345 7% Diluted earnings per share $1.79 $1.67 7% Adjusted earnings per share (Non-GAAP) $2.23 $2.05 9% Closed sales $80 $62 29% Constant currency growth (Non-GAAP) 4% Adjusted Operating income margin (Non-GAAP) 21.4% 21.0% 40 bps Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 29

 
7 Low end of 6-9% FY'21 FY'22 FY'23 FY'24 Guidance Third quarter 2024 Recurring revenues Q3'23 Q3'24 $1,126 16% 10% 9% FISCAL YEAR RECURRING REVENUE GROWTH Q3 RECURRING REVENUES +4% $ in millions; growth in constant currency Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 29

 
8 $159 $266 Q3'23 Q3'24 Third quarter 2024 segment Recurring revenues $191 $60 $106 $345 Q3'23 Q3'24 Regulatory Customer Comms. Data-Driven Fund Solutions Issuer 3% 1% 4% 0% ICS RECURRING REVENUES GTO RECURRING REVENUES $701 Capital Markets Wealth & Investment Management $425 $ in millions; growth in constant currency +1% +9% Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 29 8% 11%

 
9 10% 6% 8% 6% 5% 6% 8% 3% 5% (1%) Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Key volume drivers: position and trade growth 1% 3% 15% 12% 11% INTERNAL TRADE GROWTH EQUITY & MUTUAL FUND/ETF POSITION GROWTH 1. Q3’23 equity position growth represented 32% of total fiscal year 2023 positions. Q1’23: 6% | Q2’23: 9% | Q4’23: 53% 2. Reflects position growth processed in the same time period of both years. Therefore, quarterly and annual data may not align. 3. Represents the estimated change in daily trade volumes for clients whose contracts are linked to trade volumes and who were on Broadridge’s trading platforms in both the current and prior year periods. ITG 3 FY’22 FY’23 9% 8% 18% 14% 4%1% 11% 10Y Avg. 8% 6% 2 1,2

 
10 Q3'23 Recurring revenues Closed Sales Client Losses Internal Growth Acquisitions Q3'24 Rec. Rev. Constant Currency FX Q3'24 Recurring revenues RECURRING REVENUE GROWTH CONSTANT CURRENCY WAS 4% Third quarter 2024 Recurring revenue growth drivers ICS $693M 4 pts (2) pts (2) pts 0 pts 1% 0 pts $701M GTO $388M 9 pts (6) Pts 6 pts 0 pts 9% 0 pts $425M 6 pts (3) pts 1 pt 0 pts 4%0 pts4% Organic Growth: 1 pt $1,126 $ in millions. Pts contribution to growth Organic Growth: 9 pts Organic Growth: 4 pts $1,082

 
11 THIRD QUARTER 2024 TOTAL REVENUE GROWTH DRIVERS $52 $59 $87 $67 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 $59M FY’17-FY’23 QUARTERLY AVERAGE Third quarter 2024 Total revenue growth drivers $1,646 Q3'23 Total Revenues Recurring Event-Driven Distribution FX Q3'24 Total Revenues QUARTERLY EVENT-DRIVEN REVENUES 3 pts 1 pt 1 pt 5% 0 pts $1,726 $55 $ in millions. Pts contribution to growth

 
12 Operating income margin and Adjusted Operating income margin OPERATING INCOME MARGIN 18.1% 18.7% 19.8% FY'21 FY'22 FY'23 FY'24 Guidance 13.6% 13.3% 15.4% 17.5%17.4% Q3'23 Q3'24 +60 bps +60 bps OPERATING INCOME MARGIN ADJUSTED OPERATING INCOME MARGIN (NON- GAAP) 21.4% +110 bps ~20% 21.0% Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 29

 
13 FY'21 FY'22 FY'23 FY'24 Guidance Closed sales CLOSED SALES $ in millions $280 YTD'23 YTD'24 $156 $185 $280 – $320 $246 $231

 
14 Free cash flow conversion FREE CASH FLOW CONVERSION (LTM) 1,2 1. Last twelve months (LTM) Free cash flow conversion equals Free cash flow for the most recent four quarters divided by Adjusted Net earnings for the same four quarters 2. Information about our use of Non-GAAP measures and reconciliations to GAAP measures may be found on slides 21 – 29 63% 90% 103% 110% 108% Q3'23 Q4'23 Q1'24 Q2'24 Q3'24

 
15 FY'20 FY'21 FY'22 FY'23 FY'24 (E) M&A Client Platform Investments CapEx and Software SELECT USES OF CASH YTD’24 TOTAL CAPITAL RETURNS Capital allocation $ in millions, except per share data $2.16 $2.30 $2.56 $2.90 $3.20 11% 6% 11% 13% 10% DIVIDENDS PER SHARE 2 1. Includes Software purchases and capitalized internal use software 2. Net investments on new client conversions, including development of platform capabilities 3. Includes acquisitions and minority investments 1 $33 $77 $03 6 4. Total capital returns include dividends and share repurchases net of option proceeds. FY’24 (E) includes $274M of YTD dividends and $150M of YTD open market share repurchases, net of options proceeds. FY’24 annual dividend amount subject to Board declaration. GROWTH $253$248 $269 $312 $274 $91 YTD Net Share Repurchases YTD Dividends Paid 4 $700- $800

 
16 Fiscal year 2024 guidance FY’24 GUIDANCE UPDATES Recurring revenue growth constant currency (Non-GAAP) 6 - 9% Low end of range Adjusted Operating income margin (Non-GAAP) ~20% No Change Adjusted earnings per share growth (Non-GAAP) 8 - 12% Middle of range Closed sales $280M - $320M No Change

 
Appendix

 
18 Supplemental reporting detail ‒ product line reporting (Unaudited) 2022 2023 2024 Q3% Dollars in millions FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Growth Investor Communication Solutions ("ICS") Regulatory Solutions $1,075 $171 $181 $ 346 $ 444 $1,141 $179 $195 $345 —% Data-Driven Fund Solutions 364 93 96 102 113 404 102 105 106 4% Corporate Issuer Solutions 216 24 27 58 134 243 29 31 60 3% Customer Communications Solutions 615 156 163 188 166 673 159 163 191 1% Total ICS recurring revenues 2,27 0 443 467 693 858 2,461 469 493 701 1% Equity and other 115 30 25 29 33 117 41 22 46 58% Mutual Funds 154 33 12 23 26 94 46 33 21 (7)% Total Event-driven revenues 269 63 38 52 59 211 87 55 67 29% Distribution 1,71 7 415 415 512 522 1,863 473 451 533 4% Total ICS Revenues $4,257 $921 $919 $ 1,257 $ 1,438 $4,536 $1,029 $1,000 $1,301 4% Global Technology and Operations (“GTO”) Capital Markets Solutions $903 $227 $235 $ 246 $ 257 $965 $249 $262 $266 8% Wealth and investment Management 550 136 138 143 143 560 154 143 159 12% Total GTO recurring revenues 1,452 363 373 388 401 1,525 402 405 425 9% Total Revenues $5,709 $1,283 $1,293 $ 1,646 $ 1,839 $6,061 $1,431 $1,405 $1,726 5% Revenues by type Recurring revenues $3,723 $806 $840 $ 1,082 $ 1,259 $3,987 $871 $899 $1,126 4% Event-driven revenues 269 63 38 52 59 211 87 55 67 29% Distribution revenues 1,717 415 415 512 522 1,863 473 451 533 4% Total Revenues $5,709 $1,283 $1,293 $ 1,646 $ 1,839 $6,061 $1,431 $1,405 $1,726 5%

 
19 FY’24 – FY’26 long-term growth objectives FY’24 – FY’26 (CAGR) Organic Recurring revenue growth 5-8% Recurring revenue growth constant currency (Non-GAAP) 7-9% Adjusted Operating Income Margin expansion (bps/year) (Non-GAAP) 50+ Adjusted Earnings per Share Growth (Non-GAAP) 8-12% Note: AOI margin expansion excludes impact of float and distribution revenue

 
Explanation of non-GAAP measures and reconciliation of GAAP to non- GAAP measures

 
21 Non-GAAP measures Explanation and Reconciliation of the Company’s Use of Non-GAAP Financial Measures The Company’s results in this presentation are presented in accordance with U.S. generally accepted accounting principles ("GAAP") except where otherwise noted. In certain circumstances, results have been presented that are not generally accepted accounting principles measures (“Non-GAAP”). These Non-GAAP measures are Adjusted Operating income, Adjusted Operating income margin, Adjusted Net earnings, Adjusted earnings per share, Free cash flow, Free cash flow conversion, and Recurring revenue growth constant currency. These Non-GAAP financial measures should be viewed in addition to, and not as a substitute for, the Company’s reported results. The Company believes our Non-GAAP financial measures help investors understand how management plans, measures and evaluates the Company’s business performance. Management believes that Non- GAAP measures provide consistency in its financial reporting and facilitates investors’ understanding of the Company’s operating results and trends by providing an additional basis for comparison. Management uses these Non-GAAP financial measures to, among other things, evaluate our ongoing operations, and for internal planning and forecasting purposes. In addition, and as a consequence of the importance of these Non-GAAP financial measures in managing our business, the Company’s Compensation Committee of the Board of Directors incorporates Non-GAAP financial measures in the evaluation process for determining management compensation. Reconciliations of Non-GAAP measures to the most directly comparable financial measures presented in accordance with GAAP can be found in the tables that are part of this presentation. Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Earnings, and Adjusted Earnings Per Share These Non-GAAP measures are adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items, the exclusion of which management believes provides insight regarding our ongoing operating performance. Depending on the period presented, these adjusted measures exclude the impact of certain of the following items: (i) Amortization of Acquired Intangibles and Purchased Intellectual Property, (ii) Acquisition and Integration Costs, (iii) Real Estate Realignment and Covid-19 Related Expenses, (iv) Investment Gains, (v) Russia-Related Exit Costs, (vi) Litigation Settlement Charge, and (vii) Restructuring and Other Related Costs. Amortization of Acquired Intangibles and Purchased Intellectual Property represents non-cash amortization expenses associated with the Company's acquisition activities. Acquisition and Integration Costs represent certain transaction and integration costs associated with the Company’s acquisition activities. Real Estate Realignment and Covid-19 Related Expenses are comprised of two major components: Real Estate Realignment Expenses, and Covid-19 Related Expenses. Real Estate Realignment Expenses are expenses associated with the exit of certain of the Company’s leased facilities in response to the Covid-19 pandemic, which consist of the impairment of certain right of use assets, leasehold improvements and equipment, as well as other related facility exit expenses directly resulting from, and attributable to, the exit of these leased facilities. Covid-19 Related Expense are direct and incremental expenses incurred by the Company to protect the health and safety of Broadridge associates during the Covid-19 outbreak, including expenses associated with monitoring the temperatures for associates entering our facilities, enhancing the safety of our office environment in preparation for workers to return to Company facilities on a more regular basis, ensuring proper social distancing in our production facilities, personal protective equipment, enhanced cleaning measures in our facilities, and other safety related expenses. Investment Gains represent non-operating, non-cash gains on privately held investments. Russia-Related Exit Costs are direct and incremental costs associated with the Company’s wind down of business activities in Russia in response to Russia’s invasion of Ukraine, including relocation-related expenses of impacted associates. Litigation Settlement Charge represents the reserve established during the third quarter of 2024 related to the settlement of a claim. Restructuring and Other Related Costs represent costs associated with the Company's Corporate Restructuring Initiative to exit and/or realign some of our businesses, streamline the Company's management structure, reallocate work to lower costs locations, and reduce headcount in deprioritized areas.

 
22 Non-GAAP measures We exclude Acquisition and Integration Costs, Real Estate Realignment and Covid-19 Related Expenses, Investment Gains, Russia-Related Exit Costs, Litigation Settlement Charge, and Restructuring and Other Related Costs from our Adjusted Operating income (as applicable) and other adjusted earnings measures because excluding such information provides us with an understanding of the results from the primary operations of our business and enhances comparability across fiscal reporting periods, as these items are not reflective of our underlying operations or performance. We also exclude the impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, as these non-cash amounts are significantly impacted by the timing and size of individual acquisitions and do not factor into the Company's capital allocation decisions, management compensation metrics or multi-year objectives. Furthermore, management believes that this adjustment enables better comparison of our results as Amortization of Acquired Intangibles and Purchased Intellectual Property will not recur in future periods once such intangible assets have been fully amortized. Although we exclude Amortization of Acquired Intangibles and Purchased Intellectual Property from our adjusted earnings measures, our management believes that it is important for investors to understand that these intangible assets contribute to revenue generation. Amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Any future acquisitions may result in the amortization of additional intangible assets. Free cash flow and Free cash flow conversion In addition to the Non-GAAP financial measures discussed above, we provide Free cash flow information because we consider Free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated that could be used for dividends, share repurchases, strategic acquisitions, other investments, as well as debt servicing. Free cash flow is a Non-GAAP financial measure and is defined by the Company as New cash flows provided by operating activities less Capital expenditures as well as Software purchases and capitalized internal use software. Free cash flow conversion is calculated as Free cash flow divided by Adjusted Net earnings for the given period. Recurring revenue growth constant currency As a multi-national company, we are subject to variability of our reported U.S. dollar results due to changes in foreign currency exchange rates. The exclusion of the impact of foreign currency exchange fluctuations from our Recurring revenue growth, or what we refer to as amounts expressed “on a constant currency basis”, is a Non-GAAP measure. We believe that excluding the impact of foreign currency exchange fluctuations from our Recurring revenue growth provides additional information that enables enhanced comparison to prior periods. Changes in Recurring revenue growth expressed on a constant currency basis are presented excluding the impact of foreign currency exchange fluctuations. To present this information, current period results for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average exchange rates in effect during the corresponding period of the comparative year, rather than at the actual average exchange rates in effect during the current fiscal year. Reconciliations of such Non-GAAP measures to the most directly comparable financial measures presented in accordance with GAAP can be found in the tables that are part of this presentation.

 
23 Reconciliation of GAAP to Non-GAAP measures (Unaudited) Global Technology and Operations Capital Markets Wealth and Investment Management Total Recurring revenue growth (GAAP) 8% 12% 9% Impact of foreign currency exchange 1% —% —% Recurring revenue growth constant currency (Non-GAAP) 8% 11% 9% Three Months Ended March 31, 2024 Investor Communication Solutions Regulatory Data-Driven Fund Solutions Issuer Customer Comms. Total Recurring revenue growth (GAAP) —% 4% 3% 1% 1% Impact of foreign currency exchange —% —% —% —% —% Recurring revenue growth constant currency (Non-GAAP) —% 4% 3% 1% 1% Consolidated Total Recurring revenue growth (GAAP) 4% Impact of foreign currency exchange —% Recurring revenue growth constant currency (Non-GAAP) 4%

 
24 Reconciliation of GAAP to Non-GAAP measures (Unaudited) Global Technology and Operations Capital Markets Wealth and Investment Management Total Recurring revenue growth (GAAP) 10% 9% 10% Impact of foreign currency exchange (1)% —% (1)% Recurring revenue growth constant currency (Non-GAAP) 9% 10% 9% Nine Months Ended March 31, 2024 Investor Communication Solutions Regulatory Data-Driven Fund Solutions Issuer Customer Comms. Total Recurring revenue growth (GAAP) 3% 8% 10% 1% 4% Impact of foreign currency exchange —% (1)% —% —% —% Recurring revenue growth constant currency (Non-GAAP) 3% 7% 10% 1% 4% Consolidated Total Recurring revenue growth (GAAP) 6% Impact of foreign currency exchange —% Recurring revenue growth constant currency (Non-GAAP) 6%

 
25 Reconciliation of GAAP to Non-GAAP measures (Unaudited) (a) Total Russia-Related Exit Costs were $1.5 million for the three months ended March 31, 2023. For the nine months ended March 31, 2023, total costs were $10.8 million, comprised of $12.0 million of operating expenses, offset by a gain of $1.2 million in non-operating income. (b) During the third quarter of fiscal year 2024, the Company exited a business resulting in a $7.0 million asset impairment charge in connection with the Corporate Restructuring Initiative. Three Months Ended Mar. 31, Nine Months Ended Mar. 31, Dollars in millions 2024 2023 2024 2023 Operating income (GAAP) $302.9 $286.8 $575.7 $482.2 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 50.6 53.3 151.4 162.8 Acquisition and Integration Costs 0.8 3.3 1.0 11.0 Russia-Related Exit Costs (a) — 1.5 — 12.0 Litigation Settlement Charge 8.2 — 8.2 — Restructuring and Other Related Costs (b) 7.0 — 7.0 — Adjusted Operating income (Non-GAAP) $369.5 $344.8 $743.3 $668.0 Operating income margin (GAAP) 17.5% 17.4% 12.6% 11.4% Adjusted Operating income margin (Non-GAAP) 21.4% 21.0% 16.3% 15.8%

 
26 Reconciliation of GAAP to Non-GAAP measures (Unaudited) (a) Total Russia-Related Exit Costs were $1.5 million for the three months ended March 31, 2023. For the nine months ended March 31, 2023, total costs were $10.8 million, comprised of $12.0 million of operating expenses, offset by a gain of $1.2 million in non-operating income. (b) During the third quarter of fiscal year 2024, the Company exited a business resulting in a $7.0 million asset impairment charge in connection with the Corporate Restructuring Initiative. (c) Calculated using the GAAP effective tax rate, adjusted to exclude $3.2 million and $9.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2024, respectively, and $0.3 million and $7.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2023, respectively. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis. Three Months Ended Mar. 31, Nine Months Ended Mar. 31, Dollars in millions 2024 2023 2024 2023 Net earnings (GAAP) $213.7 $198.5 $374.9 $306.5 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 50.6 53.3 151.4 162.8 Acquisition and Integration Costs 0.8 3.3 1.0 11.0 Russia-Related Exit Costs (a) — 1.5 — 10.8 Litigation Settlement Charge 8.2 — 8.2 — Restructuring and Other Related Costs (b) 7.0 — 7.0 — Subtotal of adjustments 66.6 58.0 167.6 184.6 Tax impact of adjustments (c) (13.5) (12.0) (36.5) (38.4) Adjusted Net earnings (Non-GAAP) $266.8 $244.5 $506.0 $452.7

 
27 Reconciliation of GAAP to Non-GAAP measures (Unaudited) (a) During the third quarter of fiscal year 2024, the Company exited a business resulting in a $7.0 million asset impairment charge in connection with the Corporate Restructuring Initiative. (b) Calculated using the GAAP effective tax rate, adjusted to exclude $3.2 million and $9.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2024, respectively, and $0.3 million and $7.5 million of excess tax benefits associated with stock-based compensation for the three and nine months ended March 31, 2023, respectively. For purposes of calculating the Adjusted earnings per share, the same adjustments were made on a per share basis. Three Months Ended Mar. 31, Nine Months Ended Mar. 31, Dollars in millions, except per share amounts 2024 2023 2024 2023 Diluted earnings per share (GAAP) $1.79 $1.67 $3.14 $2.58 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 0.42 0.45 1.27 1.37 Acquisition and Integration Costs 0.01 0.03 0.01 0.09 Russia-Related Exit Costs — 0.01 — 0.09 Litigation Settlement Charge 0.07 — 0.07 — Restructuring and Other Related Costs (a) 0.06 — 0.06 — Subtotal of adjustments 0.56 0.49 1.41 1.55 Tax impact of adjustments (b) (0.11) (0.10) (0.31) (0.32) Adjusted earnings per share (Non-GAAP) $2.23 $2.05 $4.24 $3.81 Nine Months Ended Mar. 31, Dollars in millions 2024 2023 Net cash flows from operating activities (GAAP) $335.2 $94.1 Capital expenditures and Software purchases and capitalized internal use software (76.6) (46.8) Free cash flow (Non-GAAP) $258.6 $47.3

 
28 Reconciliation of GAAP to Non-GAAP measures (Unaudited) (a) Last twelve months (LTM) sums the last four quarters of free cash flow for the given period (b) Last twelve months (LTM) sums the last four quarters of adjusted net earnings for the given period (c) Free cash flow conversion is calculated as free cash flow divided by adjusted net earnings for the given period FY 2022 FY 2023 FY 2024 Dollars in millions Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Net earnings (GAAP) $248.1 $50.4 $57.5 $198.5 $324.1 $90.9 $70.3 $213.7 Adjustments: Amortization of Acquired Intangibles and Purchased Intellectual Property 58.2 55.9 53.7 53.3 51.6 50.8 49.9 50.6 Acquisition and Integration Costs 10.6 4.1 3.7 3.3 4.8 — 0.2 0.8 Litigation Settlement Charge — — — — — — — 8.2 Restructuring and Other Related Costs — — — — 20.4 — — 7.0 Russia-Related Exit Costs 1.4 2.6 6.8 1.5 0.1 — — — Real Estate Realignment and Covid-19 Related Expenses 23.7 — — — — — — — Investment Gains (6.7) — — — — — — — Subtotal of adjustments 87.2 62.5 64.1 58.0 77.0 50.8 50.1 66.6 Tax impact of adjustments (21.6) (13.2) (13.2) (12.0) (19.1) (12.2) (10.8) (13.5) Adjusted Net earnings (Non-GAAP) $313.7 $99.7 $108.4 $244.5 $381.9 $129.6 $109.6 $266.8 FY 2022 FY 2023 FY 2024 Dollars in millions Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Net cash flows (used in) provided by operating activities (GAAP) $ 457.4 $ (204.5) $ 123.1 $ 175.6 $ 729.2 $ (62.0) $ 189.8 $ 207.4 Capital expenditures and Software purchases and capitalized internal use software (18.7) (13.6) (19.5) (13.7) (28.4) (14.4) (22.0) (40.2) Free cash flow (Non-GAAP) $ 438.7 $ (218.1) $ 103.5 $ 161.9 $ 700.9 $ (76.4) $ 167.8 $ 167.3 FY 2023 FY 2024 Dollars in millions Q3 Q4 Q1 Q2 Q3 LTM Free cash flow (a) $486.1 $748.2 $889.8 $954.1 $959.5 LTM Adjusted Net earnings (Non-GAAP) (b) $766.4 $834.6 $864.5 $865.6 $887.9 LTM Free cash flow conversion (Non-GAAP) (c) 63 % 90 % 103 % 110 % 108 %

 
29 Reconciliation of GAAP to Non-GAAP measures: Fiscal year 2024 guidance Fiscal Year 2024 FY24 Recurring revenue growth Impact of foreign currency exchange (a) 0 - 0.5% Recurring revenue growth constant currency (Non-GAAP) 6-9% FY24 Adjusted Operating income margin (b) Operating income margin % (GAAP) ~16% Adjusted Operating income margin % (Non-GAAP) ~20% FY24 Adjusted earnings per share growth rate (c) Diluted Earnings per share (GAAP) 9 - 15% Adjusted Earnings per share (Non-GAAP) 8 - 12% (Unaudited) (a) Based on forward rates as of March 2024 (b) Adjusted Operating income margin guidance (Non-GAAP) is adjusted to exclude the approximately $270 million impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Litigation Settlement Charge, Restructuring and Other Related Costs. (c) Adjusted earnings per share growth guidance (Non-GAAP) is adjusted to exclude the approximately $1.80 per share impact of Amortization of Acquired Intangibles and Purchased Intellectual Property, Litigation Settlement Charge, Restructuring and Other Related Costs, and Acquisition and Integration Costs, and is calculated using diluted shares outstanding.

 
Broadridge Fiscal Third Quarter 2024 Earnings Conference Call Contacts W. Edings Thibault Sean Silva broadridgeir@broadridge.com Live Call Information Date: May 8, 2024 Start Time: 8:30 A.M. ET Toll-Free: 1-877-328-2502 International: 1-412-317-5419 Webcast: broadridge-ir.com Replay Options Online replay available at broadridge-ir.com Telephone replay available through May 15, 2024 Domestic Dial-In: 1-877-344-7529 Access Code: 9347187 International Toll Dial-In: 1-412-317-0088 Passcode: 5239951 Click here for dial-ins by country

 
v3.24.1.u1
Cover Page
May 08, 2024
Cover [Abstract]  
Entity Central Index Key 0001383312
Document Type 8-K
Document Period End Date May 08, 2024
Entity Registrant Name BROADRIDGE FINANCIAL SOLUTIONS, INC.
Entity Incorporation, State or Country Code DE
Entity File Number 001-33220
Entity Tax Identification Number 33-1151291
Entity Address, Address Line One 5 Dakota Drive
Entity Address, City or Town Lake Success
Entity Address, State or Province NY
Entity Address, Postal Zip Code 11042
City Area Code 516
Local Phone Number 472-5400
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol BR
Security Exchange Name NYSE
Amendment Flag false
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