Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter and fiscal year 2026.

Total revenues increased 7% to $2,220 million in the final quarter of fiscal year 2026 from $2,065 million registered a year earlier.

Recurring revenues increased $119 million, or 8%, to $1,542 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by organic growth in Investor Communication Solutions (ICS) and Global Technology and Operations (GTO) and acquisitions in ICS and GTO.

Event-driven revenues decreased $8 million, or 10%, to $71 million, primarily due to lower mutual fund proxy revenues.

Distribution revenues increased $44 million, or 8%, to $606 million, driven primarily by postage rate increases of approximately $32 million.

Operating income was $546 million, an increase of $48 million, or 10%. Operating income margin increased to 24.6%, compared to 24.1% for the prior year period.

Adjusted Operating income was $598 million, an increase of $40 million, or 7%. Adjusted Operating income margin was 26.9% compared to 27.0% for the prior year period.

Interest expense, net was flat at $27 million, compared to the prior year period.

The effective tax rate was 23.7% compared to 20.6% in the prior year period. The change in effective tax rate for the three months ended June 30, 2026 was primarily driven by a decrease in discrete tax benefits.

Net earnings increased 6% to $398 million and Adjusted Net earnings increased 5% to $442 million.

Diluted earnings per share increased 9% to $3.44, compared to $3.16 in the prior year period, and

Adjusted earnings per share increased 8% to $3.82, compared to $3.55 in the prior year period.

On August 3, 2026, Broadridge’s Board of Directors declared a quarterly dividend of $1.09 per share payable on October 5, 2026 to stockholders of record on September 3, 2026. This declaration reflects the Board’s approval of a 12% increase in the annual dividend from $3.90 to $4.36 per share, subject to the discretion of the Board to declare quarterly dividends.

On August 3, 2026, the Board authorized a new share repurchase program under which Broadridge may repurchase up to $1.5 billion of its outstanding common stock. This authorization replaces the 3.5 million shares remaining under the existing Board repurchase authorization.