Broadridge Financial Solutions

Pricing power is solid but moderated by regulatory frameworks. In ICS, certain fees are constrained by SRO schedules, yet Broadridge still benefits from annual postage resets passed through to clients and the ability to price value-add digital and data solutions, which have grown steadily.

GTO’s mission-critical platforms typically run on multi-year contracts with CPI-type or fixed escalators and upsell opportunities into adjacent workflows. FY2025 recurring revenue grew 7% and each ICS product line showed mid-single-digit constant-currency increases, while GTO recurring rose 8% including SIS.

This suggests both realized and latent pricing in the stack beyond regulated passthroughs.