Broadridge Financial Solutions

Broadridge combines robust FCF with moderate leverage and staggered maturities. FY2025 FCF was 1.06 billion on 1.17 billion operating cash flow with 104% conversion; cash was 561.5 million.

Total debt was about 3.25 billion at June 30, 2025, including senior notes due 2026, 2029, and 2031, and a revolver maturing 2029. H1 FY2026 FCF was 318.5 million, indicating ample coverage of dividends and flexibility for buybacks or M&A. Covenants were in compliance and the revolver had substantial availability.

Interest rates are a watch item, but cash generation and maturity profile support a strong balance sheet posture.