Broadridge Financial Solutions BR · USD

FINANCIAL DATA BY SEGMENT The Company operates in two reportable segments: Investor Communication Solutions and Global Technology and Operations. See Note 1, “Basis of Presentation” for a further description of the Company’s reportable segments. The Company’s chief operating decision maker is the Chief Executive Officer (“CEO”). The chief operating decision maker utilizes earnings before income taxes, to make decisions on resource allocation, including investment of profits, potential acquisitions, or return of capital. The chief operating decision maker does not review assets and capital expenditures in evaluating the results of the Company’s segments, therefore such information is not presented. InvestorCommunicationSolutions (a), (b)GlobalTechnology and Operations (a), (b)Total Reportable SegmentsCorporate and Other (c)Total (in millions)Year ended June 30, 2025Revenues$5,113.0 $1,776.1 $6,889.1 $— $6,889.1 Depreciation and amortization44.7 52.8 97.5 33.2130.7 Amortization of acquired intangibles42.9 153.7 196.6 — 196.6 Amortization of other assets39.4 113.9 153.3 17.5170.8 Other direct expenses3,633.2 1,105.6 4,738.8 593.4 5,332.2 Other segment items298.8 148.7 447.5 (447.5)— Earnings (loss) before income taxes$1,054.0 $201.4 $1,255.4 $(196.7)$1,058.7 Year ended June 30, 2024Revenues$4,857.9 $1,648.9 $6,506.8 $— $6,506.8 Depreciation and amortization40.1 49.4 89.5 30.3119.8 Amortization of acquired intangibles45.4 154.9 200.3 — 200.3 Amortization of other assets38.5 102.6 141.1 16.7157.8 Other direct expenses3,514.5 1,032.7 4,547.2 604.3 5,151.5 Other segment items269.0 135.9 404.9 (404.9)— Earnings (loss) before income taxes$950.4 $173.3 $1,123.7 $(246.3)$877.4 Year ended June 30, 2023Revenues$4,535.6 $1,525.2 $6,060.9 $— $6,060.9 Depreciation and amortization37.9 18.3 56.1 28.384.4 Amortization of acquired intangibles55.5 158.9 214.4 — 214.4 Amortization of other assets41.1 68.3 109.3 16.9126.2 Other direct expenses3,356.0 973.0 4,329.0 511.9 4,840.9 Other segment items233.7 122.9 356.5 (356.5)— Earnings (loss) before income taxes$811.4 $183.9 $995.4 $(200.5)$794.9 (a)Other Direct expenses included in the Segment earnings (loss) before income taxes include interest, distribution, labor, lease, data center, and other expenses that are directly incurred by the segment.(b)Other segment items include expenses related to centrally managed activities that are allocated to the reportable segments based on usage and other factors.

REVENUE RECOGNITIONDisaggregation of RevenueThe Company has presented below its revenue disaggregated by product line and by revenue type within each of its Investor Communication Solutions and Global Technology and Operations reportable segments. Revenues in the Investor Communication Solutions segment are derived from both recurring and event-driven activity. In addition, the level of recurring and event-driven activity the Company processes directly impacts Distribution revenues. While event-driven activity is highly repeatable, it may not recur on an annual basis. Event-driven revenues are based on the number of special events and corporate transactions the Company processes. Event-driven activity is impacted by financial market conditions and changes in regulatory compliance requirements, resulting in fluctuations in the timing and levels of event-driven revenues. Distribution revenues primarily include revenues related to the physical mailing and distribution of proxy materials, interim communications, transaction reporting, customer communications and fulfillment services, as well as Broadridge Retirement and Workplace administrative services.Years ended June 30, 202520242023(in millions)Investor Communication SolutionsRegulatory$1,280.6 $1,195.6 $1,141.4 Data-driven fund solutions459.2 435.2 404.3 Issuer273.2 259.8 242.6 Customer communications718.8 683.1 673.1 Total ICS Recurring revenues2,731.8 2,573.6 2,461.4 Equity and other115.5 151.0 116.5 Mutual funds203.8 134.2 94.5 Total ICS Event-driven revenues319.3 285.2 211.0 Distribution revenues2,062.0 1,999.0 1,863.1 Total ICS Revenues$5,113.0 $4,857.9 $4,535.6 Global Technology and OperationsCapital markets$1,115.3 $1,049.2 $965.2 Wealth and investment management660.8 599.7 560.1 Total GTO Recurring revenues1,776.1 1,648.9 1,525.2 Total Revenues$6,889.1 $6,506.8 $6,060.9 Revenues by TypeRecurring revenues$4,507.9 $4,222.6 $3,986.7 Event-driven revenues319.3 285.2 211.0 Distribution revenues2,062.0 1,999.0 1,863.1 Total Revenues$6,889.1 $6,506.8 $6,060.9 Contract BalancesThe following table provides information about contract assets and liabilities:June 30,2025June 30,2024June 30,2023(in millions)Contract assets$137.5 $125.3 $109.1 Contract liabilities$678.3 $696.6 $692.6 Contract assets result from revenue already recognized but not yet invoiced, including certain future amounts to be collected under software term licenses and certain other client contracts.

CONTRACTUAL COMMITMENTS, CONTINGENCIES, AND OFF-BALANCE SHEET ARRANGEMENTS Data Center AgreementsThe Company is a party to an Amended and Restated IT Services Agreement with Kyndryl, Inc. (“Kyndryl”), an entity formed by IBM’s spin-off of its managed infrastructure services business, under which Kyndryl provides certain aspects of the Company’s information technology infrastructure, including supporting its mainframe, midrange, network and data center operations, as well as providing disaster recovery services. The Amended and Restated IT Services Agreement expires on June 30, 2027, however the Company may renew the agreement for up to one additional 12-month period. Fixed minimum commitments remaining under the Amended and Restated IT Services Agreement at June 30, 2025 are $75.0 million through June 30, 2027, the final year of the Amended and Restated IT Services Agreement. Broadridge Software Limited, a subsidiary of the Company is party to the SIS Services Agreement with Kyndryl Canada, under which Kyndryl Canada provides infrastructure managed services for the SIS Business. The SIS Services Agreement expires on October 31, 2029. Fixed minimum commitments remaining under the SIS Services Agreement at June 30, 2025 are $137.3 million through October 31, 2029, the final year of the SIS Services Agreement. The Company is a party to an information technology agreement for private cloud services (the “Private Cloud Agreement”) under which Kyndryl operates, manages and supports the Company’s private cloud global distributed platforms and products, and operates and manages certain Company networks. The Private Cloud Agreement expires on March 31, 2030. Fixed minimum commitments remaining under the Private Cloud Agreement at June 30, 2025 are $85.7 million through March 31, 2030, the final year of the contract.The following table summarizes the capitalized costs related to data center agreements as of June 30, 2025: Amended and Restated IT Services AgreementOtherTotal (in millions)Capitalized costs, beginning balance$63.0 $7.7 $70.7 Capitalized costs incurred— — — Impact of foreign currency exchange— 0.5 0.5 Total capitalized costs, ending balance63.0 8.1 71.2 Total accumulated amortization(56.5)(6.7)(63.2)Net Deferred Costs$6.5 $1.4 $7.9 Cloud Services Resale AgreementOn December 31, 2021, the Company and Presidio Networked Solutions LLC (“Presidio”), a reseller of services of Amazon Web Services, Inc.

INCOME TAXESEarnings before income taxes shown below are based on the geographic location to which such earnings are attributable. Years Ended June 30, 202520242023 (in millions)Earnings before income taxes:U.S.$903.6 $716.1 $710.6 Foreign155.1 161.3 84.2 Total$1,058.7 $877.4 $794.9 The Provision for income taxes consists of the following components: Years Ended June 30, 202520242023 (in millions)Current:U.S. Federal$148.8 $205.8 $143.2 Foreign45.3 63.9 45.4 U.S. State30.3 29.4 26.5 Total current224.4 299.0 215.1 Deferred:U.S. Federal10.3 (89.4)(23.7)Foreign(15.1)(25.6)(29.3)U.S. State(0.4)(4.7)2.2 Total deferred(5.2)(119.7)(50.8)Total Provision for income taxes$219.2 $179.3 $164.3 Years Ended June 30, 2025%2024%2023% (in millions)Provision for income taxes at U.S. statutory rate$222.3 21.0 $184.2 21.0 $166.9 21.0 Increase (decrease) in Provision for income taxes from:State taxes, net of federal tax24.9 2.4 20.5 2.3 23.7 3.0 Foreign rate differential2.3 0.2 5.8 0.7 2.7 0.3 Valuation allowances0.3 — 0.5 0.1 (0.3)— Stock-based compensation - excess tax benefits (“ETB”)(20.5)(1.9)(12.9)(1.5)(10.4)(1.3)Tax Credits and Foreign-Derived Intangible Income Deduction (“FDII”)(10.4)(1.0)(21.2)(2.4)(20.2)(2.5)Other0.4 — 2.2 0.3 1.9 0.2 Total Provision for income taxes$219.2 20.7 $179.3 20.4 $164.3 20.7 The Provision for income taxes and effective tax rates for the fiscal year ended June 30, 2025 were $219.2 million and 20.7%, compared to $179.3 million and 20.4%, for the fiscal year ended June 30, 2024, respectively. The increase in the effective tax rate for the fiscal year ended June 30, 2025 compared to the fiscal year ended June 30, 2024 was primarily driven by an increase in pre-tax income and lower tax benefits from statutory tax incentives, which was partially offset by an increase in discrete tax benefits. The increase in discrete tax benefits was primarily attributable to an increase in the ETB. The Provision for income taxes and effective tax rates for the fiscal year ended June 30, 2024 were $179.3 million and 20.4%, compared to $164.3 million and 20.7%, for the fiscal year ended June 30, 2023, respectively. The decrease in the effective tax rate for the fiscal year ended June 30, 2024 compared to the fiscal year ended June 30, 2023 was driven by an increase in discrete tax benefits relative to pre-tax income, primarily attributable to an ETB of $12.9 million for the fiscal year ended June 30, 2024 compared to $10.

STOCK-BASED COMPENSATION Incentive Equity Awards. The Broadridge Financial Solutions, Inc. 2007 Omnibus Award Plan (the “2007 Plan”) and 2018 Omnibus Award Plan (the “2018 Plan”) provide for the granting of incentive stock options, non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, phantom stock awards, stock bonuses and performance compensation awards to employees, non-employee directors, and other key individuals who perform services for the Company. The 2018 Plan was approved by shareholders in November 2018 and replaced the 2007 Plan. As of June 30, 2025, there were 5.6 million shares available for future issuance under the 2018 Plan. The accounting for stock-based compensation requires the measurement of stock-based compensation expense to be recognized in the Consolidated Statements of Earnings based on the fair value of the award on the date of grant. In accordance with the 2007 Plan and 2018 Plan, the Company’s stock-based compensation consists of the following:Stock Options: Stock options are granted to employees at exercise prices equal to the fair market value of the Company’s common stock on the dates of grant. Stock options are generally issued under a graded vesting schedule, meaning that they vest ratably over four years, and have a term of 10 years. A portion of the stock options granted in fiscal year 2018 have a cliff vesting schedule meaning that they fully vest in four years from the grant date and have a term of 10 years. Compensation expense for stock options under a graded vesting schedule is recognized over the requisite service period for each separately vesting portion of the stock option award. Compensation expense for stock options under a cliff vesting schedule is recognized equally over the vesting period of four years with 25 percent of the cost recognized over each 12 months period net of estimated forfeitures. Time-based Restricted Stock Units: The Company has a time-based restricted stock unit (“RSU”) program under which RSUs representing the right to receive one share of the Company’s common stock for each vested RSU granted. Time-based RSUs typically vest two and one-half years from the date of grant. The Company records stock compensation expense for time-based RSUs net of estimated forfeitures on a straight-line basis over the vesting period.

LEASESThe Company’s leases consist primarily of real estate leases in locations where the Company maintains operations, and are classified as operating leases.The Company evaluates each lease and service arrangement at inception to determine if the arrangement is, or contains, a lease. A lease exists if the Company obtains substantially all of the economic benefits of and has the right to control the use of an asset for a period of time. The lease term begins on the commencement date, which is the date the Company takes possession of the leased property and also classifies the lease as either operating or finance, and may include options to extend or terminate the lease if exercise of the option to extend or terminate the lease is considered to be reasonably certain. The Company’s options to extend or terminate a lease generally do not exceed five years. The lease term is used both to determine lease classification as an operating or finance lease and to calculate straight-line lease expense for operating leases. The weighted average remaining operating lease term as of June 30, 2025 was 6.5 years. ROU assets represent the Company’s right to use an underlying asset for the lease term while lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at commencement date based on the present value of fixed lease payments over the lease term. ROU assets also include prepaid lease payments and exclude lease incentives received. Certain leases require the Company to pay taxes, insurance, maintenance, and/or other operating expenses associated with the leased asset. Such amounts are not included in the measurement of the lease liability to the extent they are variable in nature (e.g. based on actual costs incurred). These variable lease costs are recognized as a variable lease expense when incurred. As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate to measure the lease liability and the associated ROU asset at commencement date. The incremental borrowing rate was determined based on the rate of interest that the Company would have to pay to borrow an amount equal to the lease payments on a collateralized basis over a similar term. The Company uses the unsecured borrowing rate and risk-adjusts that rate to approximate a collateralized rate.

ACQUISITIONSAssets acquired and liabilities assumed in business combinations are recorded on the Company’s Consolidated Balance Sheets as of the respective acquisition date based upon the estimated fair values at such date. The results of operations of the businesses acquired by the Company are included in the Company’s Consolidated Statements of Earnings since the respective dates of acquisition. The excess of the purchase price over the estimated fair values of the underlying assets acquired and liabilities assumed is allocated to Goodwill. Pro forma information for these acquired businesses is not provided because they did not have a material effect, individually or in the aggregate, on the Company’s consolidated results of operations.FISCAL YEAR 2025 BUSINESS COMBINATIONSISOn November 1, 2024, the Company acquired Kyndryl’s Securities Industry Services (“SIS”) business (“SIS Business”) to provide wealth management, capital markets, and information technology solutions in Canada. SIS is included in the Company’s GTO reportable segment. •For tax purposes, Goodwill is amortizable and tax deductible.•Intangible assets acquired consist primarily of software technology and customer relationships, which are being amortized over a ten-year life.•Our discussions with the Canadian Competition Bureau are ongoing.In connection with the acquisition, on November 1, 2024, Broadridge Software Limited, a subsidiary of the Company, entered into the SIS Services Agreement with Kyndryl Canada Limited (“Kyndryl Canada”) pursuant to which Kyndryl Canada will provide infrastructure managed services for the SIS Business. Refer to Note 19, “Contractual Commitments, Contingencies and Off-Balance Sheet Arrangements” for further details.Financial information for SIS is as follows:SISCash payments$185.5 Net tangible liabilities assumed$(1.9)Goodwill38.3 Intangible assets149.1 Aggregate purchase price$185.5 During the three months ended September 30, 2024, there was also an immaterial acquisition with an aggregate purchase price of $8.0 million.FISCAL YEAR 2024 BUSINESS COMBINATIONAdvisorTargetIn May 2024, the Company acquired AdvisorTarget, a market leader in providing asset management and wealth management firms with data products to help power digital marketing, sales and engagement programs targeting financial advisors. AdvisorTarget is included in the Company’s ICS reportable segment. The aggregate purchase price included $34.3 million in cash, $0.

Cybersecurity Risk Management and StrategyWe recognize the importance of identifying, assessing, and managing material risks associated with cybersecurity threats. Our cybersecurity risk management program is integrated into our overall enterprise risk management (“ERM”) process which provides an ongoing procedure, effected at all levels of the Company and across business units and corporate functions, to identify and assess risk, monitor risk, and take appropriate mitigating action. Central to our risk management process is the Risk Committee, a management committee that oversees the identification and assessment of the key risks affecting our operations and reviews the controls established with respect to these risks. The Risk Committee is comprised of key members of management, including the President, Chief Financial Officer, Chief Legal Officer, Chief Information Security Officer, Chief Technology Officer, Chief Compliance Officer, and other senior executives of the Company. Our Risk Committee collaborates with subject matter experts, as needed, to gather insights for identifying and assessing material cybersecurity risks, their severity, and potential mitigations.We take the following actions, among others, to demonstrate our commitment to maintaining the highest levels of information security, provide for the availability of critical data and systems, maintain regulatory compliance, manage our material risks from cybersecurity threats, and to identify, protect against, detect, respond to, and recover from cybersecurity incidents:•leverage encryption, data masking technology, data loss prevention technology, authentication technology, entitlement management, access control, network and application segmentation, anti-malware software, and transmission of data over private networks, among other systems and procedures, designed to protect against unauthorized access to information;•conduct annual reviews with many of our clients on our cybersecurity and data security policies, practices and controls, and engage with regulators across the world, to remain apprised of cybersecurity and data security standards and best practices; •utilize the National Institute of Standards and Technology Framework for Improving Critical Infrastructure Cybersecurity (the “NIST Framework”) issued by the U.S. government as a guideline to manage our cybersecurity-related risk.