The ADP for financial services and investor communications.

The Experian of investor communications and financial back-office processing.

The FedEx or UPS for critical shareholder communications and proxy voting.

• Investor Communications Solutions: Facilitates the distribution of proxy materials, regulatory documents, and corporate actions information to investors, ensuring regulatory compliance for companies.
• Capital Markets Post-Trade Processing: Provides technology platforms for the clearance, settlement, and reconciliation of equities, fixed income, and derivatives transactions globally.
• Wealth Management Platforms: Offers integrated solutions supporting wealth advisors and firms with client onboarding, performance reporting, and trade order management.
• Asset Management Operations: Delivers technology and services to streamline portfolio management, data aggregation, compliance, and regulatory reporting for asset managers.

Broadridge Financial Solutions (BR) primarily sells its services to other companies within the financial services industry. Given the nature of its business as a critical infrastructure and communications provider, Broadridge serves a vast number of financial institutions globally. While the company does not publicly disclose the names of its specific customers due to client confidentiality, it states that it serves a significant majority of the largest firms across various segments of the financial market.

Based on Broadridge's described operations and market dominance, its major customer categories and prominent examples of public companies that are highly likely to leverage Broadridge's solutions include:

• Broker-Dealers: Firms that facilitate the buying and selling of securities for clients, requiring extensive investor communications, trade processing, and regulatory compliance.
  • Morgan Stanley (MS)
  • Goldman Sachs Group, Inc. (GS)
  • The Charles Schwab Corporation (SCHW)
  • Bank of America Corporation (BAC) - for its Merrill brokerage arm
• Asset & Wealth Managers: Institutions managing investment portfolios for individuals and institutions, needing support for fund processing, data analytics, and client reporting.
  • BlackRock, Inc. (BLK)
  • T. Rowe Price Group, Inc. (TROW)
  • State Street Corporation (STT) - for its asset management and custody divisions
• Banks (especially Investment Banks and Custodian Banks): Large financial institutions offering a range of services from capital markets to custody, utilizing Broadridge for trading, settlement, and investor communication infrastructure.
  • JPMorgan Chase & Co. (JPM)
  • Citigroup Inc. (C)
  • Wells Fargo & Company (WFC)
• Corporate Issuers: Publicly traded companies that need to manage shareholder communications, proxy solicitations, and annual meeting processes.
  • Apple Inc. (AAPL)
  • Microsoft Corporation (MSFT)
  • Amazon.com, Inc. (AMZN)

• Amazon.com, Inc. (AMZN)

Timothy C. Gokey, Chief Executive Officer

Tim Gokey was appointed Chief Executive Officer of Broadridge in January 2019 and was elected to the Broadridge Board of Directors in the same year. Prior to this role, he served as President of Broadridge from 2017 to 2020 and as Chief Operating Officer from 2012 to 2019. He joined Broadridge in 2010 as Chief Corporate Development Officer, where he was responsible for the company's growth initiatives. Before joining Broadridge, Mr. Gokey was the President of the Retail Tax business at H&R Block. He also spent 13 years at McKinsey & Company. Mr. Gokey currently serves on the Board of C.H. Robinson Worldwide, Inc.

Ashima Ghei, Chief Financial Officer

Ashima Ghei was appointed Chief Financial Officer of Broadridge, effective immediately, in December 2024, after serving as Interim CFO since July 1, 2024. She joined Broadridge in January 2022 as CFO of Broadridge's Investor Communications business ("ICS"). Before joining Broadridge, Ms. Ghei had an 18-year career at American Express, where her most recent role was Head of Merchant Pricing for the Americas.

Chris Perry, President

Chris Perry has served as President of Broadridge since 2020. He joined Broadridge in 2014 and is responsible for client relationships and the company's go-to-market strategy.

Thomas Carey, Corporate Vice President, President of Global Technology and Operations

Tom Carey assumed responsibility for all aspects of the Global Technology and Operations business segment in 2018. He joined a predecessor company in 1992 in Technology and has held various leadership roles across Broadridge, including serving as President of Broadridge International.

Doug DeSchutter, President, Investor Communication Solutions

Doug DeSchutter has been with Broadridge and its predecessors since 2002. He was instrumental in creating and leading Broadridge's Customer Communications business. In 2023, he became Co-President of Broadridge's Investor Communication Solutions segment ("ICS"), and in July 2025, he was named President, Investor Communication Solutions.

The key risks to Broadridge Financial Solutions (BR) include client concentration, cybersecurity threats, and the need for continuous technological advancement within a competitive landscape.

1. Client Concentration Risk: A significant portion of Broadridge's revenue is derived from a limited number of clients. Its top 20 clients account for approximately 60% of its total revenue, creating vulnerability to industry downturns or the potential deterioration of these key client relationships.
2. Cybersecurity Risks: As a major provider of technology-driven solutions that process sensitive financial data, Broadridge is highly susceptible to cybersecurity threats. These include data breaches and ransomware attacks, which could lead to severe reputational damage, loss of client trust, and significant financial liabilities.
3. Competitive Landscape and Technological Advancement: Broadridge operates in a dynamic and highly competitive financial technology (fintech) sector. To maintain its market leadership and profitability, the company must continually innovate and upgrade its offerings to differentiate itself from numerous competitors and keep pace with rapid technological changes, such as advancements in AI and blockchain. Failure to do so could impact its competitive position and financial performance.

Broadridge Financial Solutions (BR) operates within several significant addressable markets for its financial technology and operations, and investor communication solutions.

The estimated addressable market sizes for Broadridge's main products and services are as follows:

• Investor Communications Platforms: The global market size for Investor Communications Platforms was valued at approximately $4.1 billion in 2024 and is projected to reach $10.1 billion by 2033.
• Proxy Voting Platforms: The global Proxy Voting Platforms market was valued at an estimated $1.02 billion in 2024, with a forecast to reach $2.67 billion by 2033.
• Regulatory Reporting-as-a-Service: The global Regulatory Reporting-as-a-Service market was valued at $7 billion in 2024 and is projected to reach $15 billion by 2037.
• Wealth Management Software: The global wealth management software market size was estimated at $5.5 billion in 2024 and is projected to reach $12.07 billion by 2030. North America held the largest share of this market in 2024.
• Capital Markets Technology Solutions: The global capital markets technology solutions market was valued at $126.52 billion in 2024 and is projected to grow to $223.35 billion by 2032. North America accounted for approximately 42% of this global market in 2024.
• Asset Management Systems: The global Asset Management System market was valued at $16.97 billion in 2024 and is projected to grow to $26.41 billion by 2030.

Broadridge Financial Solutions (BR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

1. Modernization of Wealth Management: Broadridge is focusing on modernizing wealth management through solutions like Wealth InFocus/omni-channel communications and expanding its presence in markets such as Canada, partly through strategic acquisitions like SIS. The acquisition of SIS has been highlighted as a crucial factor in the significant surge in Wealth and Investment Management revenues. This strategic focus aims to enhance its offerings and client onboarding in the wealth management sector.
2. Digital Assets and Tokenization: The company views digital assets and tokenization as emerging growth drivers and "megatrends" for the next decade. Broadridge has already recognized new revenue streams from its work as a Super Validator on the Canton Network, indicating its active participation and investment in this evolving space.
3. Simplification and Innovation in Capital Markets: Broadridge is committed to simplifying and innovating capital markets, including initiatives like Distributed Ledger Repo. Growth in this segment is driven by new sales, higher trading volumes, and advancements in tokenization efforts.
4. Democratization and Digitization of Governance and Investor Communication Solutions (ICS): Growth in recurring revenue within ICS is fueled by regulatory solutions, data-driven fund solutions, issuer solutions, and customer communications. This also includes capitalizing on continued growth in equity and fund investments by mainstream investors and enhancing digital communications.
5. Strong Closed Sales and Growing Pipeline: Broadridge consistently reports robust closed sales and maintains a strong sales pipeline, which directly contributes to future recurring revenue growth. The company has provided guidance for substantial closed sales, underscoring the ongoing demand for its solutions and its ability to secure new business.

Share Repurchases

• In fiscal year 2025, Broadridge repurchased $100 million of its shares.
• The company repurchased $450 million of its shares in fiscal year 2024.
• Share buybacks were $24.3 million in fiscal year 2023 and $22.8 million in fiscal year 2022.

Outbound Investments

• In fiscal year 2025, Broadridge invested in strategic mergers and acquisitions to strengthen its wealth business in Canada.
• In July 2025, Broadridge announced the proposed acquisition of Acolin Group Holdco Limited, a European provider of cross-border fund distribution and regulatory services, to create a pan-European fund distribution network.
• The company completed three tuck-in acquisitions in fiscal year 2024.

Capital Expenditures

• Broadridge's annual capital expenditures were $75.2 million in 2023, $73.1 million in 2022, and $100.7 million in 2021.
• Capital expenditures are primarily focused on maintaining existing and expanding to new property, plant, and equipment.