Broadridge Reported Strong Q4 and Fiscal Year 2021 Results

Fintech major Broadridge Financial Solutions, Inc. (NYSE: BR) yesterday posted its financial figures for the fourth quarter and fiscal year 2021.

In terms of the results of Q4 2021, the fintech reported total revenues of $1,532 million, 12% higher than the prior year's $1,362 million. Recurring fee revenues up 15% to $1,065 million from $930 million. Operating income reached $281 million, decreased by 6% compared to the same period in 2020. Operating income margin came in at 18.4%. That number for the corresponding period of 2020 was 21.9%.

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In addition, adjusted operating income rose 4% to $349 million. Interest expense, net was $18 million, an increase of $2 million. The effective tax rate stood at 22.6% compared to 22.1% in the prior year period. Net earnings increased 13% to $260 million. Adjusted net earnings grew to $258 million, showing a YoY increase of 3%.

Broadridge delivered strong fiscal year 2021 results, with 10% recurring revenue growth($3,333 million) and 13% adjusted EPS growth($5.66). Diluted EPS grew by 18% to $4.65. Total revenues for the full year amounted to $4,994 million. Operating income hit 679 million.

​As Fazzaco reported earlier, UBS has joined Broadridge's transformative distributed ledger repo (DLR) platform.