How Broadridge Makes Money

Broadridge operates a recurring fee and transaction-processing business model across two primary segments: Investor Communication Solutions (ICS) and Global Technology and Operations (GTO). In Investor Communications, Broadridge is paid by public corporations and mutual fund families to distribute regulatory shareholder communications, proxy ballots, annual reports, and tax statements to beneficial shareholders, charging regulated processing fees and event-driven distribution fees. In Global Technology and Operations, Broadridge licenses enterprise SaaS platforms and clearing technology to broker-dealers and capital markets firms, charging recurring software subscriptions and per-trade clearing fees to process fixed income, equity, and foreign exchange trades, delivering gross margins above 40%.

The company's strategy focuses on expanding digital investor communication adoption, scaling its multi-asset post-trade platform across international tier-one banks, advancing blockchain-based repo settlement technology, and pursuing tuck-in acquisitions that enhance wealth management workflow tools.