Broadridge Financial Solutions (BR) Revenue — Quarter Ended Sep 30, 2024
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The sequential decrease was substantial, while the year-over-year decline was modest.
Key takeaway
Quarter ended Sep 30, 2024 · FY2025 Q1
Revenue declined in the current quarter compared to both the prior quarter and the same quarter last year. The sequential decrease was substantial, while the year-over-year decline was modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-26.8%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2023 | $1.4B | +8.7% |
| Mar 31, 2024 | $1.7B | +4.9% |
| Jun 30, 2024 | $1.9B | +5.7% |
| Sep 30, 2024 | $1.4B | -0.6% |
Revenue performance
The reported revenue moved lower from the immediately preceding quarter, reflecting a notable sequential contraction. Compared with the same quarter one year earlier, revenue also decreased, though by a smaller margin.
Quarterly comparison
The sequential drop from the prior quarter was much larger than the year-over-year decline, indicating a seasonal pattern typical of the company's first fiscal quarter. The trailing twelve-month revenue remained at a level consistent with recent annual performance.
What to watch
Monitor whether the sequential revenue decline reverses in the next quarter, as the company's fiscal year typically sees stronger revenue in subsequent periods.