Broadridge Q1 2027: Adjusted EPS Beats Expectations as GTO Earnings Surge 47%

Broadridge opened fiscal 2027 with adjusted EPS of $1.56, beating expectations, while revenue also came in ahead of estimates. That combination of top- and bottom-line beats, with full-year guidance left entirely intact, is the clearest signal yet that the company's recurring-revenue model is holding firm.

The engine behind the outperformance was Global Technology and Operations, where pre-tax earnings jumped 47% to $99 million and segment margin expanded. Capital Markets revenues grew on the CQG acquisition, and recurring revenues overall rose on a constant-currency basis with solid organic growth.

Two items muddied the GAAP picture without touching the adjusted results. Event-driven revenues fell 41% to $67 million on lower mutual fund proxy activity, and a $40 million non-cash loss on digital assets flipped sharply from a $46 million gain in the prior-year period, pushing GAAP diluted EPS down to $0.83. Neither item affects the recurring-revenue trajectory that drives Broadridge's long-term valuation.

Management reaffirmed every line of fiscal 2027 guidance on recurring revenue growth, adjusted EPS growth, and free cash flow conversion. CEO Tim Gokey also noted that the company repurchased $200 million of its own shares in the quarter while returning more to shareholders through dividends.

Closed sales rose 10% to $36 million, a forward-looking indicator that new business momentum is intact. Investors will have a further read on the company's multi-year trajectory at an Investor Day scheduled for December 8, 2026, where management has said it will present new three-year financial objectives.