BROADRIDGE FINANCIAL SOLUTIONS, INC.BR

BROADRIDGE FINANCIAL SOLUTIONS, INC. Earnings Per Share Disclosure

10-KFiled Aug 5, 20251 min read
WEIGHTED-AVERAGE SHARES OUTSTANDING
Basic earnings per share (“EPS”) is calculated by dividing the Company’s Net earnings by the basic Weighted-average shares outstanding for the periods presented. The Company calculates diluted EPS using the treasury stock method, which reflects the potential dilution that could occur if outstanding stock options at the presented date are exercised and restricted stock unit awards have vested.
As of June 30, 2025, 2024 and 2023, the computation of diluted EPS excluded 0.5 million, 0.3 million and 1.2 million options and restricted stock units to purchase Broadridge common stock, respectively, as the effect of their inclusion would have been anti-dilutive.
The following table sets forth the denominators of the basic and diluted EPS computations:
 Years ended June 30,
 202520242023
 (in millions)
Weighted-average shares outstanding:
Basic117.1 117.7 117.7 
Common stock equivalents1.2 1.4 1.3 
Diluted118.3 119.1 119.0 

Historical Timeline

Fiscal YearFiled
2025Aug 5, 2025Showing above
2020Aug 11, 2020
2019Aug 6, 2019
2018Aug 7, 2018
2017Aug 10, 2017
2016Aug 9, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

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