Broadridge Financial Solutions (BR) 10-K Summary — Year Ended Jun 30, 2024
Broadridge Financial Solutions filed its annual report for the most recent fiscal year. The filing covers business overview, risk factors, and financial results, but the supplied context lacks detailed descriptions of the company's operations and specific risks.
Key takeaway
Year ended Jun 30, 2024 · FY2025 10-K
Broadridge Financial Solutions filed its annual report for the most recent fiscal year. The filing covers business overview, risk factors, and financial results, but the supplied context lacks detailed descriptions of the company's operations and specific risks.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.5B
Revenue reported for the fiscal year.
Operating income
$1B
Income from operations reported for the year.
Net income
$698.1M
Net income reported for the year.
Operating cash flow
$1.1B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2021 | $5B | n/a |
| Jun 30, 2022 | $5.7B | +14.3% |
| Jun 30, 2023 | $6.1B | +6.2% |
| Jun 30, 2024 | $6.5B | +7.4% |
Business overview
The company is named Broadridge Financial Solutions, suggesting it operates in the financial services technology sector. The filing includes a Business section, but the supplied context does not provide any specific details about its products, services, or markets.
Financial performance
Revenue increased compared to the prior year, operating income was substantial, and net income remained positive. Operating cash flow was robust, reflecting the company's ability to generate cash from its operations.
Material risks
The filing references a Risk Factors section, but the supplied context does not contain the specific risk descriptions. Therefore, no material risks can be identified from the available data.
Liquidity and capital
The company expects that cash generated from operations, along with existing cash and borrowing capacity, will be sufficient to fund working capital, capital expenditures, dividends, and share repurchases for the foreseeable future.
What to watch
Monitor the company's revenue growth trajectory in the next filing to see if the upward trend continues.