Mission Statement, Vision, & Core Values (2024) of Broadridge Financial Solutions, Inc. (BR).

An Overview of Broadridge Financial Solutions, Inc. (BR)

General Overview of Broadridge Financial Solutions, Inc. (BR)

Broadridge Financial Solutions, Inc. is a global financial technology leader that provides a wide range of investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers, public companies, investors, and mutual funds. Established in 2007 as a spin-off from Automatic Data Processing, Inc. (ADP), Broadridge operates primarily in two reportable segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO).

As of 2024, Broadridge offers various services including regulatory compliance, data-driven fund solutions, corporate issuer solutions, and customer communications. The company reported total revenues of $1,422.9 million for the three months ended September 30, 2024, a slight decrease from $1,431.1 million in the same period of 2023.

Company's Financial Performance in the Latest Financial Reports

In the latest financial report for the three months ended September 30, 2024, Broadridge reported a net income of $79.8 million, compared to $90.9 million for the same period in 2023, reflecting a decrease of 12%. The diluted earnings per share (EPS) was $0.68, down from $0.76 in the prior year.

The company experienced a 3% increase in recurring revenues, which totaled $900.3 million compared to $871.2 million the previous year. This growth was driven by net new business and internal growth in the Investor Communication Solutions and Global Technology and Operations segments.

However, event-driven revenues saw a significant decline of 28%, dropping to $63.0 million from $86.9 million due to reduced corporate action activity. Overall, total operating expenses increased slightly to $1,288.4 million, up from $1,282.6 million in the previous year.

Introduction to Broadridge as a Leader in the Industry

Broadridge is recognized as a leader in financial technology solutions, providing critical infrastructure that supports the financial services industry. The company's technology-driven solutions enable clients to innovate and grow, making it integral to the operations of many financial institutions globally.

With a strong focus on regulatory compliance and investor communications, Broadridge has positioned itself as an essential partner for banks, broker-dealers, and asset managers. The company continues to invest in technology and operational efficiencies, which is reflected in its consistent revenue growth in core segments despite challenges in event-driven revenue streams.

To understand more about why Broadridge maintains its leadership position in the financial technology sector, readers are encouraged to explore further details on the company's strategic initiatives and solutions.

Mission Statement of Broadridge Financial Solutions, Inc. (BR)

Mission Statement of Broadridge Financial Solutions, Inc. (BR)

Broadridge Financial Solutions, Inc. is a leading global financial technology company that aims to provide innovative solutions to the financial services industry. The company's mission statement emphasizes its commitment to delivering high-quality products and services that enable clients to operate, innovate, and grow. This mission is vital as it guides the company’s strategic initiatives and long-term objectives.

Core Component 1: Delivering Innovative Solutions

Broadridge's mission highlights the importance of innovation in its service offerings. The company invests significantly in technology to enhance its product suite. In the fiscal year 2024, Broadridge reported total revenues of $1,422.9 million, reflecting a focus on innovative solutions across its segments. The recurring revenue, which is a key indicator of the company’s success in providing ongoing value to its clients, increased by 3% to $900.3 million.

Core Component 2: Empowering Clients

Empowering clients is at the heart of Broadridge's mission. The company aims to enable its clients—banks, broker-dealers, asset managers, and public companies—to operate efficiently in a rapidly changing market. For instance, the Investor Communication Solutions segment generated revenues of $1,015.6 million, demonstrating its role in facilitating client communications and governance. Furthermore, the company’s investment in data-driven fund solutions has seen a 6% growth, reflecting its commitment to providing actionable insights.

Core Component 3: Commitment to Quality

Quality is a cornerstone of Broadridge’s mission statement. The company continuously strives to enhance its service delivery standards. In the latest financial report, operating expenses were managed effectively, increasing only marginally by 0% to $1,288.4 million. This efficient cost management, coupled with a focus on quality assurance, positions Broadridge as a trusted partner in the financial services sector. The effective tax rate increased slightly to 20.4%, highlighting the company’s proactive approach to financial management.

Vision Statement of Broadridge Financial Solutions, Inc. (BR)

Vision Statement of Broadridge Financial Solutions, Inc. (BR)

Broadridge Financial Solutions, Inc. (BR) envisions itself as a global leader in financial technology, committed to powering investing, corporate governance, and communications. The vision statement emphasizes innovation, client-focused solutions, and operational excellence.

Broadridge aims to maintain its position as a leading provider of technology-driven solutions to the financial services industry. As of September 30, 2024, Broadridge reported total assets of $8,017.1 million. The company's strategic focus is on enhancing its technological capabilities to deliver superior services to its clients, which include banks, brokerage firms, asset managers, and public companies.

Innovation is a core component of Broadridge's vision. The company has invested significantly in technology, with capital expenditures of $32.1 million for the three months ended September 30, 2024. This investment supports the development of new solutions that enhance operational efficiency and client engagement.

Broadridge's vision stresses the importance of client satisfaction and tailored solutions. The company reported recurring revenues of $900.3 million for the three months ended September 30, 2024, reflecting a 3% increase compared to the previous year. This growth is driven by a focus on understanding client needs and delivering customized services that empower their operations.

Broadridge strives for operational excellence by optimizing its processes and reducing costs. The total operating expenses for the period were $1,288.4 million, a slight increase of 0% from the previous year. The company aims to enhance its operational efficiency while maintaining high-quality service delivery.

Broadridge's vision for 2024 underscores its commitment to leveraging technology, enhancing client satisfaction, and achieving operational excellence, positioning itself for sustained growth and leadership in the financial sector.

Core Values of Broadridge Financial Solutions, Inc. (BR)

Integrity

Integrity is a fundamental core value at Broadridge Financial Solutions, Inc. The company emphasizes honesty and ethical behavior in all interactions.

Broadridge has demonstrated its commitment to integrity through various initiatives, including its strict adherence to compliance regulations and transparent reporting practices. For instance, the company reported an effective tax rate of 20.4% for the three months ended September 30, 2024, compared to 19.5% in the same period of the previous year, reflecting its commitment to regulatory compliance and ethical financial practices.

Client Focus

Client focus is another core value that drives Broadridge's operations. The company prioritizes understanding and meeting the needs of its clients.

As of September 30, 2024, Broadridge reported recurring revenues of $900.3 million, an increase of 3% compared to the same period in the previous year, showcasing its ability to attract and retain clients through tailored solutions. Additionally, the acquisition of AdvisorTarget for $34.3 million enhances its service offerings to asset management firms, demonstrating a proactive approach to client engagement.

Innovation

Innovation is vital to Broadridge's strategy, reflecting its commitment to providing cutting-edge solutions in the financial technology space.

The company has invested significantly in technology, with capital expenditures and software purchases amounting to $32.1 million for the three months ended September 30, 2024. This investment supports its innovative platforms, such as the Broadridge Communications CloudSM, which facilitates improved customer engagement through advanced digital solutions.

Collaboration

Collaboration fosters teamwork and partnership within Broadridge, enabling the company to achieve common goals effectively.

Broadridge's organizational structure encourages cross-departmental collaboration, which is reflected in its operational results. The company reported a total operating income of $134.4 million for the three months ended September 30, 2024. Such results are indicative of the successful collaboration among its various business units, including Investor Communication Solutions and Global Technology and Operations.

Excellence

Excellence is at the core of Broadridge's mission, driving the company to deliver high-quality products and services consistently.

Broadridge achieved a pre-tax margin of 9.5% for the three months ended September 30, 2024, down from 11.2% in the previous year, indicating a focus on maintaining high standards despite challenges. The commitment to excellence is further demonstrated through ongoing training and development programs aimed at enhancing employee skills and service delivery.

Updated on 16 Nov 2024

Resources:

1. Broadridge Financial Solutions, Inc. (BR) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of Broadridge Financial Solutions, Inc. (BR)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Broadridge Financial Solutions, Inc. (BR)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.