Broadridge Financial Solutions provides governance, transaction processing, and settlement systems used by major financial institutions, making them difficult to replace. Its distributed ledger repo platform processed roughly $360 billion in tokenized collateral per day in September 2025. Tokenization creates new integration needs between traditional infrastructure and blockchain, while artificial intelligence automates some operations and could reduce costs. In fiscal 2026, recurring revenue rose 8% and adjusted earnings per share increased 12%, but the stock traded at about 16.4 times forward earnings, compared with a five-year average of 22 times. Shares fell 20% in 2026, driven partly by delays involving some major contracts and investor concerns about new technologies.
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