Industrials · Data Processing & Outsourced Services · US stock · price as of 16 Oct 2026
Key indicators
Price
$175.11
52-week range
$133.01 – $230.75
Market cap
$20.5B
P/E (trailing)
18.3×
EV / EBITDA
16.2×
Free-cash-flow yield
6.2%
Dividend yield
2.3%
Revenue (last 12 months)
$7.5B
Revenue growth (3y a year)
7.2%
Operating margin
17.4%
Return on invested capital
17.3%
Net debt / EBITDA
2.2×
Fair value
Blended fair value$253.55 range $238 – $271
Versus priceUndervalued+45% to fair value
Peer multiples
$267.94
Fundamentals-adjusted multiple
$256.85
10-year DCF (market-scaled)
$235.84
Earnings power value (floor, not blended)
$71.82
Model uncertainty
Medium
X-Ray Score
65/ 100 · High confidence · ahead of 89% of sector peers
Valuation80
Growth66
Profitability53
Financial health59
Dividends64
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Broadridge Financial Solutions provides technology and communications services to banks, brokers, asset managers and public companies. It runs investor communications such as proxy voting and regulatory mailings, and it operates trading and post-trade processing systems used across capital markets. Revenue is largely recurring, based on fees tied to processing volumes and long-term service contracts, with additional income from software licences and event-driven activity such as shareholder meetings.
The figures show revenue of $7.5 billion for the last twelve months and three-year growth of 7.2% a year. It reports an operating margin of 17.4%. Capital is used to generate a return on invested capital of 17%. Leverage, measured as net debt to EBITDA, is 2.2 times. The company pays a dividend with a yield of 2.3%.
StocksXray gives Broadridge Financial Solutions, Inc. an X-Ray Score of 65 out of 100 (high confidence), ahead of 89% of the S&P 500 stocks in its sector. Its strongest lens is valuation (80) and its weakest is profitability (53).
Our fair value blend is $253.55 (range $238.39 to $270.94). At $175.11 the stock trades 31% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Broadridge Financial Solutions, Inc. (BR)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$131.90
$156.23
$188.90
$236.67
$136.11
$175.11
Market cap
$15.6B
$18.6B
$22.5B
$28.0B
$15.9B
$20.5B
P/E
29.0×
29.5×
32.2×
33.3×
14.2×
18.3×
EV / revenue
3.4×
3.6×
3.9×
4.5×
2.5×
3.1×
EV / EBITDA
22.8×
21.3×
22.5×
23.3×
13.1×
16.2×
Price / free cash flow
37.7×
23.7×
22.5×
24.8×
12.5×
16.0×
Free-cash-flow yield
2.7%
4.2%
4.4%
4.0%
8.0%
6.2%
Price / book
8.1×
8.3×
10.4×
10.5×
5.6×
7.2×
Dividend yield
1.94%
1.86%
1.69%
1.49%
2.87%
2.29%
Fundamentals checklist ● 5 Good · ● 10 Average · ● 1 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−2.5%Average
Free-cash-flow yield6.2%Good
Risk models
Altman Z score3.4×Average
Piotroski F-Score9 of 9Good
Growth
EPS growth (3y)21.9%Good
Free-cash-flow growth (3y)17.7%Average
Revenue growth (3y)7.2%Average
Growth consistency90%Average
Balance sheet
Current ratio1.2×Average
Net debt / EBITDA2.2×Average
Interest cover11.6×Bad
Valuation
Fair value vs price1.4×Good
EBIT / EV yield5.5%Good
Profitability
Return on invested capital17.3%Average
Operating margin17.4%Average
Gross profitability26.6%Average
XStocksXray
Broadridge Financial Solutions, Inc. (BR)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
5,709
6,061
6,507
6,889
7,477
7,477
Gross profit
1,592
1,785
1,934
2,137
2,376
2,376
Operating income
760
936
1,017
1,189
1,301
1,301
Net income
539
631
698
840
1,124
1,124
Diluted EPS ($)
4.55
5.30
5.86
7.10
9.60
9.57
Free cash flow
415
785
999
1,128
1,278
1,278
Gross margin
27.9%
29.5%
29.7%
31.0%
31.8%
31.8%
Operating margin
13.3%
15.4%
15.6%
17.3%
17.4%
17.4%
Net margin
9.4%
10.4%
10.7%
12.2%
15.0%
15.0%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
8,169
8,233
8,242
8,545
8,945
8,945
Cash
225
252
304
562
403
403
Total debt
3,793
3,413
3,355
3,252
3,255
3,255
Equity
1,919
2,241
2,168
2,655
2,841
2,841
Dividend per share ($)
2.56
2.90
3.20
3.52
3.90
3.90
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
1,812
2,065
1,589
1,714
1,954
2,220
Growth vs a year earlier
+4.9%
+6.2%
+11.7%
+7.8%
+7.8%
+7.5%
Net income ($M)
243
374
165
285
276
398
Diluted EPS ($)
2.05
–
1.40
2.42
2.36
–
XStocksXray
Broadridge Financial Solutions, Inc. (BR)
Peers in Data Processing & Outsourced Services
Company
X-Ray
BR · Broadridge Financial Solut...
65
Market Compass outlook for Industrials: Neutral (45/100). It blends regime history, macro sensitivity, momentum and valuation.
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.