BROADRIDGE FINANCIAL SOLUTIONS, INC.

Previous wording

In January 2026, Broadridge acquired Acolin Group Holdco Limited (“Acolin”). Acolin is a European provider of cross-border fund distribution and regulatory services. The total purchase price was approximately $70.1 million plus an additional contingent consideration liability. Acolin will be included in the Company’s ICS reportable segment.

Current wording

In January 2026, the Company acquired Acolin Group Holdco Limited (“Acolin”). Acolin is a European provider of cross-border fund distribution and regulatory services. Acolin is included in the Company’s ICS reportable segment.

Previous wording

In September 2025, the Company acquired LDI-MAP, LLC (“iJoin”), a retirement plan technology provider specializing in participant onboarding, engagement, and analytics solutions for the retirement industry. iJoin is included in the Company’s ICS reportable segment. In August 2025, the Company acquired Signal Agency Ltd. (“Signal”), a UK-based provider of design, technology and consulting services that support omni-channel communications for financial services and other firms. Signal is included in the Company’s ICS reportable segment. We acquired these businesses for an aggregate purchase price of $70.5 million, net of cash acquired.

Current wording

In August 2025, the Company acquired Signal Agency Ltd. (“Signal”), a UK-based provider of design, technology and consulting services that support omni-channel communications for financial services and other firms. Signal is included in the Company’s ICS reportable segment.

Previous wording

The key performance indicators for the three and six months ended December 31, 2025, and 2024, are as follows:

Current wording

The key performance indicators for the three and nine months ended March 31, 2026, and 2025, are as follows:

Previous wording

The following discussions of Analysis of Condensed Consolidated Statements of Earnings and Analysis of Reportable Segments refer to the three and six months ended December 31, 2025 compared to the three and six months ended December 31, 2024. The Analysis of Condensed Consolidated Statements of Earnings should be read in conjunction with the Analysis of Reportable Segments, which provides a more detailed discussion concerning certain components of the Condensed Consolidated Statements of Earnings.

Current wording

The following discussions of Analysis of Condensed Consolidated Statements of Earnings and Analysis of Reportable Segments refer to the three and nine months ended March 31, 2026 compared to the three and nine months ended March 31, 2025. The Analysis of Condensed Consolidated Statements of Earnings should be read in conjunction with the Analysis of Reportable Segments, which provides a more detailed discussion concerning certain components of the Condensed Consolidated Statements of Earnings.

Previous wording

Generally, mutual fund proxy activity has been subject to a greater level of volatility than the other components of event-driven activity. For the six months ended December 31, 2025, mutual fund proxy revenues were 1% higher compared to the six months ended December 31, 2024. During fiscal year 2025, mutual fund proxy revenues were 75% higher than the prior fiscal year. Although it is difficult to forecast the levels of event-driven activity, we expect that the portion of revenues derived from mutual fund proxy activity may continue to experience volatility in the future.

Current wording

Generally, mutual fund proxy activity has been subject to a greater level of volatility than the other components of event-driven activity. For the nine months ended March 31, 2026, mutual fund proxy revenues were 7% higher compared to the nine months ended March 31, 2025. During fiscal year 2025, mutual fund proxy revenues were 75% higher than the prior fiscal year. Although it is difficult to forecast the levels of event-driven activity, we expect that the portion of revenues derived from mutual fund proxy activity may continue to experience volatility in the future.

Previous wording

The inherent variability of transaction volumes and activity levels can result in some variability of amounts reported as actual achieved Closed sales. Larger Closed sales can take up to 12 to 24 months or longer to convert to revenues, particularly for the services provided by our Global Technology and Operations segment. For the three and six months ended December 31, 2025 and for the fiscal year ended June 30, 2025, we reported Closed sales net of a 5.0% allowance adjustment. Consequently, our reported Closed sales amounts will not be adjusted for actual revenues achieved because these adjustments are estimated in the period the sale is reported. We assess this allowance amount at the end of each fiscal year to establish the appropriate allowance for the subsequent year using the trailing five years actual data as the starting point, normalized for outlying factors, if any, to enhance the accuracy of the allowance.

Current wording

The inherent variability of transaction volumes and activity levels can result in some variability of amounts reported as actual achieved Closed sales. Larger Closed sales can take up to 12 to 24 months or longer to convert to revenues, particularly for the services provided by our Global Technology and Operations segment. For the three and nine months ended March 31, 2026 and for the fiscal year ended June 30, 2025, we reported Closed sales net of a 5.0% allowance adjustment. Consequently, our reported Closed sales amounts will not be adjusted for actual revenues achieved because these adjustments are estimated in the period the sale is reported. We assess this allowance amount at the end of each fiscal year to establish the appropriate allowance for the subsequent year using the trailing five years actual data as the starting point, normalized for outlying factors, if any, to enhance the accuracy of the allowance.

Previous wording

Closed sales for the three months ended December 31, 2025 were $56.8 million, an increase of $11.1 million, or 24%, compared to $45.7 million for the three months ended December 31, 2024. Closed sales for the three months ended December 31, 2025 and December 31, 2024 are net of an allowance adjustment of $3.0 million and $2.4 million, respectively.

Current wording

Closed sales for the three months ended March 31, 2026 were $57.5 million, a decrease of $13.6 million, or 19%, compared to $71.2 million for the three months ended March 31, 2025. Closed sales for the three months ended March 31, 2026 and March 31, 2025 are net of an allowance adjustment of $3.0 million and $3.7 million, respectively.

Previous wording

Closed sales for the six months ended December 31, 2025 were $89.3 million, a decrease of $13.9 million, or 13%, compared to $103.2 million for the six months ended December 31, 2024. Closed sales for the six months ended December 31, 2025 and December 31, 2024 are net of an allowance adjustment of $4.7 million and $5.4 million, respectively.

Current wording

Closed sales for the nine months ended March 31, 2026 were $146.8 million, a decrease of $27.5 million, or 16%, compared to $174.3 million for the nine months ended March 31, 2025. Closed sales for the nine months ended March 31, 2026 and March 31, 2025 are net of an allowance adjustment of $7.7 million and $9.2 million, respectively.

Previous wording

•Recurring revenues increased $167.2 million, or 9%, to $2,047.6 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by organic growth and acquisitions in ICS and GTO.

Current wording

•Recurring revenues increased $84.2 million, or 7%, to $1,288.1 million. Recurring revenue growth constant currency (Non-GAAP) was 6%, driven by organic growth in ICS and GTO and acquisitions in ICS.

Previous wording

Total operating expenses. Operating expenses increased $129.3 million, or 9%, to $1,507.9 million from $1,378.5 million:

Current wording

Total operating expenses. Operating expenses increased $127.3 million, or 9%, to $1,594.1 million from $1,466.8 million:

Previous wording

•Cost of revenues - the increase of $94.6 million primarily reflects higher expenses in our ICS segment, primarily driven by an increase in postage and distribution expenses of approximately $63 million and higher GTO segment expenses related to the SIS acquisition.

Current wording

•Cost of revenues - the increase of $90.8 million primarily reflects higher expenses in our ICS segment, primarily driven by an increase in postage and distribution expenses of approximately $43 million and higher labor and technology expenses.

Previous wording

•Selling, general and administrative expenses - the increase of $55.3 million was primarily driven by higher technology investments and compensation-related expenses.

Current wording

•Selling, general and administrative expenses - the increase of $36.5 million was primarily driven by the impact of acquisitions and higher compensation expenses primarily related to investments.

Previous wording

Interest expense, net. Interest expense, net was $23.8 million, a decrease of $8.9 million, from $32.7 million for the three months ended December 31, 2024. The decrease of $8.9 million was primarily due to lower average borrowings and lower borrowing costs.

Current wording

Interest expense, net. Interest expense, net was $25.1 million, a decrease of $6.1 million, from $31.1 million for the three months ended March 31, 2025. The decrease was primarily due to lower average borrowings and lower borrowing costs.

Previous wording

The increase in the effective tax rate for the six months ended December 31, 2025 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits.

Current wording

The decrease in the effective tax rate for the three months ended March 31, 2026 was primarily driven by an increase in discrete tax benefits.

Previous wording

•Recurring revenues increased $90.0 million, or 9%, to $1,070.1 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by organic growth and acquisitions in ICS and GTO.

Current wording

•Recurring revenues increased $251.4 million, or 8%, to $3,335.7 million. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by organic growth and acquisitions in ICS and GTO.

Previous wording

•Distribution revenues increased $107.3 million, or 11%, primarily driven by the postage rate increases of approximately $57 million and higher Event-driven mailings.

Current wording

•Distribution revenues increased $145.1 million, or 10%, primarily driven by the postage rate increases of approximately $91 million and higher volumes.

Previous wording

Total operating expenses. Operating expenses increased $241.6 million, or 9%, to $2,908.5 million from $2,667.0 million:

Current wording

Total operating expenses. Operating expenses increased $368.8 million, or 9%, to $4,502.6 million from $4,133.8 million:

Previous wording

•Cost of revenues - the increase of $186.3 million primarily reflects higher expenses, including postage and distribution costs, in our ICS segment of approximately $101 million, higher expenses related to the SIS acquisition, and higher revenues.

Current wording

•Cost of revenues - the increase of $277.1 million primarily reflects higher expenses, including postage and distribution costs in our ICS segment of approximately $144 million, higher labor and technology expenses and higher expenses related to the SIS acquisition.

Previous wording

•Selling, general and administrative expenses - the increase of $34.8 million was primarily driven by higher technology investments and compensation-related expenses.

Current wording

•Selling, general and administrative expenses - the increase of $91.8 million was primarily driven by higher technology investments and compensation-related expenses.

Previous wording

Interest expense, net. Interest expense, net was $48.0 million, a decrease of $17.0 million, from $65.0 million for the six months ended December 31, 2024. The decrease of $17.0 million was primarily due to lower average borrowings and lower borrowing costs.

Current wording

Interest expense, net. Interest expense, net was $73.1 million, a decrease of $23.1 million, from $96.1 million for the nine months ended March 31, 2025. The decrease of $23.1 million was primarily due to lower average borrowings and lower borrowing costs.

Previous wording

Other non-operating income (expenses), net. Other non-operating income, net for the three months ended December 31, 2025 was $188.0 million, compared to Other non-operating expenses, net $1.9 million for the three months ended December 31, 2024, primarily as a result of an unrealized gain on digital assets of $136.5 million and a realized gain of $53.1 million related to the Company’s contribution of Canton Coins to the Canton Digital Asset Treasury in the current year period. Refer to Note 7, “Fair Value of Financial Instruments” for details related to the Company’s Canton Coin holdings and the Canton Digital Asset Treasury.

Current wording

Other non-operating income (expenses), net. Other non-operating income, net for the nine months ended March 31, 2026 was $242.7 million, compared to Other non-operating expenses, net $6.6 million for the nine months ended March 31, 2025, primarily as a result of realized and unrealized gains and losses on digital assets, the previously held Digital Asset Loan Receivable, and the pre-funded common stock purchase warrants (the “Warrants”) related to the Canton Digital Asset Treasury of $243.6 million in the current year period. Refer to Note 7, “Fair Value of Financial Instruments” for details related to the Company’s Canton Coin holdings and the Canton Digital Asset Treasury.

Previous wording

The increase in the effective tax rate for the three months ended December 31, 2025 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits.

Current wording

The increase in the effective tax rate for the nine months ended March 31, 2026 was primarily driven by an increase in pre-tax income relative to total discrete tax benefits.

Previous wording

•Recurring revenues increased $74.3 million, or 7%, to $1,107.5 million. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by 4pts of Net New Business, 2pts of Internal Growth and 1pt from acquisitions.

Current wording

•Recurring revenues increased $60.0 million, or 8%, to $799.8 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by 4pts of Internal Growth, 2pts of Net New Business, and 1pt from acquisitions.

Previous wording

◦Regulatory rose 18% and 18%, respectively. Equity revenue position growth was 11% and Mutual fund/ETF position growth was 15%.

Current wording

◦Regulatory rose 9% and 9%, respectively. Equity revenue position growth was 11% and Mutual fund/ETF position growth was 6%.

Previous wording

◦Issuer rose 8% and 8%, respectively, driven by growth in shareholder engagement solutions.

Current wording

◦Issuer rose 8% and 8%, respectively, driven by growth in disclosure solutions and shareholder engagement solutions.

Previous wording

◦Customer communications rose 6% and 5%, respectively, driven by growth in digital revenues, as well as the acquisition of Signal.

Current wording

◦Customer communications rose 5% and 5%, respectively, driven by growth in digital revenues, as well as the acquisition of Signal.

Previous wording

•Pre-tax margins decreased by 4.0% to 11.1% from 15.1%.

Current wording

•Pre-tax margins decreased by 0.6% to 21.1% from 21.7%.

Previous wording

◦Regulatory rose 11% and 11%, respectively. Equity revenue position growth was 10% and Mutual fund/ETF position growth was 8%.

Current wording

◦Regulatory rose 10% and 10%, respectively. Equity revenue position growth was 11% and Mutual fund/ETF position growth was 7%.

Previous wording

◦Customer communications rose 7% and 7%, respectively, driven by growth in digital and print revenues, as well as the acquisition of Signal.

Current wording

◦Customer communications rose 6% and 6%, respectively, driven by growth in digital and print revenues, as well as the acquisition of Signal.

Previous wording

•Earnings before income taxes decreased $7 million, or 3%, to $263.2 million. The earnings benefit from higher Recurring revenue and Event-driven revenue was offset by higher Operating expenses. Operating expenses rose 11%, or $205.8 million to $2,100.0 million driven by distribution expenses, as well as higher technology and volume-related expenses.

Current wording

•Earnings before income taxes increased $9 million, or 2%, to $572.7 million. The earnings benefit from higher Recurring revenue and Event-driven revenue was partially offset by higher Operating expenses. Operating expenses rose 10%, or $306.9 million to $3,255.8 million driven by distribution expenses, as well as other volume-related expenses and the impact of acquisitions.

Previous wording

•Pre-tax margins decreased by 1.4% to 11.1% from 12.5%.

Current wording

•Pre-tax margins decreased by 1.0% to 15.0% from 16.0%.

Previous wording

•Earnings before income taxes increased $47.8 million, or 49%, to $144.9 million, as higher revenues more than offset higher expenses, including the impact of the SIS acquisition.

Current wording

•Earnings before income taxes increased $15.0 million, or 21%, to $85.4 million, as higher revenues more than offset higher expenses.

Previous wording

•Pre-tax margins increased by 3.9% to 15.4% from 11.5%.

Current wording

•Pre-tax margins increased by 2.3% to 17.5% from 15.2%.

Previous wording

•Recurring revenues increased $40.6 million, or 9%, to $480.6 million. Recurring revenue growth constant currency (Non-GAAP) was 8%, driven by 6pts of organic growth and 2pts from the acquisition of SIS.

Current wording

•Recurring revenues increased $117.1 million, or 9%, to $1,428.4 million. Recurring revenue growth constant currency (Non-GAAP) was 7%, driven by 5pts of organic growth and 2pts from the acquisition of SIS.

Previous wording

◦Capital Markets rose 8% and 6%, respectively, primarily driven by 5pts of revenue from new sales and 3pts of Internal Growth. Internal Growth included 2pts, or $11.2 million, from digital asset revenues.

Current wording

◦Capital Markets rose 6% and 4%, respectively, primarily driven by 4pts of revenue from new sales and 1pt of Internal Growth. Internal Growth included 2pts from digital asset revenues, offset by 2pts from lower software term license revenue.

Previous wording

◦Wealth and Investment Management rose 12% and 11%, respectively, driven by 6pts of organic growth and 5pts from the SIS acquisition.

Current wording

◦Wealth and Investment Management rose 14% and 13%, respectively, driven by 7pts from the SIS acquisition and 7pts of organic growth.

Previous wording

•Earnings before income taxes increased $27.8 million, or 56%, to $77.6 million, as higher revenues more than offset higher expenses, including the impact of the SIS acquisition.

Current wording

•Earnings before income taxes increased $62.8 million, or 37%, to $230.3 million, as higher revenues more than offset higher expenses, including the impact of the SIS acquisition.

Previous wording

•Pre-tax margins increased by 4.8% to 16.1% from 11.3%.

Current wording

•Pre-tax margins increased by 3.3% to 16.1% from 12.8%.

Previous wording

Earnings before income taxes were $175.3 million for the six months ended December 31, 2025, an increase of $266.7 million compared to Loss before income taxes of $91.4 million for the three months ended December 31, 2024.

Current wording

Loss before income taxes was $54.3 million for the three months ended March 31, 2026, an increase of $1.9 million compared to Loss before income taxes of $52.4 million for the three months ended March 31, 2025.

Previous wording

Earnings before income taxes were $155.9 million for the three months ended December 31, 2025, an increase of $203.7 million compared to Loss before income taxes of $47.7 million for the three months ended December 31, 2024.

Current wording

Earnings before income taxes were $121.0 million for the nine months ended March 31, 2026, an increase of $264.7 million compared to Loss before income taxes of $143.8 million for the three months ended March 31, 2025.