Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter and fiscal year 2025.

Total revenues increased 6% to $2,065 million in the quarter to end-June 2025 from $1,944 million in the prior year period.

Recurring revenues increased 7% to $1,424 million from $1,326 million. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by Net New Business and Internal Growth.

Event-driven revenues increased by $3 million, or 4%, to $79 million, primarily due to higher volume of mutual fund proxy communications.

Distribution revenues increased $21 million, or 4%, to $563 million, driven by the impact of postage rate increases of approximately $29 million, partially offset by lower mail volumes.

Operating income was $499 million, an increase of $57 million, or 13%. Operating income margin increased to 24.1%, compared to 22.7% for the prior year period, primarily due to the impact of $54 million of lower Restructuring and Other Related Costs in the current year period.

Adjusted Operating income was $558 million, a decrease of $2 million, or 0% as the increase in Adjusted Operating expense more than offset the increase in Recurring revenue and Event-driven revenue. Adjusted Operating income margin decreased to 27.0%, compared to 28.8% for the prior year period. The combination of distribution revenue and float income negatively impacted margins by 10 basis points.

Interest expense, net was $27 million, a decrease of $6 million, primarily due to a decrease in average borrowings.

Net earnings increased 16% to $374 million and Adjusted Net earnings increased 1% to $420 million.

Diluted earnings per share increased 16% to $3.16.

Adjusted earnings per share increased 1% to $3.55.

On August 4, 2025, Broadridge’s Board of Directors declared a quarterly dividend of $0.975 per share payable on October 2, 2025 to stockholders of record on September 11, 2025. This declaration reflects the Board’s approval of an 11% increase in the annual dividend from $3.52 to $3.90 per share, subject to the discretion of the Board to declare quarterly dividends. With this increase, the Company’s annual dividend has increased for the 19th consecutive year since the Company became a public company in 2007.