FINANCIAL DATA BY SEGMENT
The Company operates in two reportable segments: Investor Communication Solutions and Global Technology and Operations. See Note 1, “Basis of Presentation” for a further description of the Company’s reportable segments.
The Company’s chief operating decision maker is the Chief Executive Officer (“CEO”). The chief operating decision maker utilizes earnings before income taxes, to make decisions on resource allocation, including investment of profits, potential acquisitions, or return of capital. The chief operating decision maker does not review assets and capital expenditures in evaluating the results of the Company’s segments, therefore such information is not presented.
Investor
Communication
Solutions (a), (b)
Global
Technology and
Operations (a), (b)
Total Reportable SegmentsCorporate and Other (c)Total
 (in millions)
Year ended June 30, 2025
Revenues$5,113.0 $1,776.1 $6,889.1 $— $6,889.1 
Depreciation and amortization44.7 52.8 97.5 33.2130.7 
Amortization of acquired intangibles42.9 153.7 196.6 — 196.6 
Amortization of other assets39.4 113.9 153.3 17.5170.8 
Other direct expenses3,633.2 1,105.6 4,738.8 593.4 5,332.2 
Other segment items298.8 148.7 447.5 (447.5)— 
Earnings (loss) before income taxes$1,054.0 $201.4 $1,255.4 $(196.7)$1,058.7 
Year ended June 30, 2024
Revenues$4,857.9 $1,648.9 $6,506.8 $— $6,506.8 
Depreciation and amortization40.1 49.4 89.5 30.3119.8 
Amortization of acquired intangibles45.4 154.9 200.3 — 200.3 
Amortization of other assets38.5 102.6 141.1 16.7157.8 
Other direct expenses3,514.5 1,032.7 4,547.2 604.3 5,151.5 
Other segment items269.0 135.9 404.9 (404.9)— 
Earnings (loss) before income taxes$950.4 $173.3 $1,123.7 $(246.3)$877.4 
Year ended June 30, 2023
Revenues$4,535.6 $1,525.2 $6,060.9 $— $6,060.9 
Depreciation and amortization37.9 18.3 56.1 28.384.4 
Amortization of acquired intangibles55.5 158.9 214.4 — 214.4 
Amortization of other assets41.1 68.3 109.3 16.9126.2 
Other direct expenses3,356.0 973.0 4,329.0 511.9 4,840.9 
Other segment items233.7 122.9 356.5 (356.5)— 
Earnings (loss) before income taxes$811.4 $183.9 $995.4 $(200.5)$794.9 

(a)Other Direct expenses included in the Segment earnings (loss) before income taxes include interest, distribution, labor, lease, data center, and other expenses that are directly incurred by the segment.
(b)Other segment items include expenses related to centrally managed activities that are allocated to the reportable segments based on usage and other factors.
(c)The primary components of “Corporate and Other” are certain gains, losses, centrally managed activities, and non-operating expenses that have not been allocated to the reportable segments, such as interest expense.
Revenues and assets by geographic area are as follows:
United
States
CanadaEuropeOtherTotal
 (in millions)
Year ended June 30, 2025
Revenues$5,907.0 $463.8 $464.7 $53.6 $6,889.1 
Assets$5,667.4 $619.2 $2,000.9 $257.5 $8,545.0 
Year ended June 30, 2024
Revenues$5,620.1 $393.9 $445.9 $46.8 $6,506.8 
Assets$5,620.1 $457.2 $1,926.7 $238.4 $8,242.4 
Year ended June 30, 2023
Revenues$5,260.0 $367.4 $392.2 $41.3 $6,060.9 
Assets$5,514.3 $448.4 $2,024.3 $246.2 $8,233.2 
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Historical Timeline

Fiscal YearFiled
2025Aug 5, 2025Showing above
2024Aug 6, 2024
2023Aug 8, 2023
2022Aug 12, 2022
2021Aug 12, 2021
2020Aug 11, 2020
2019Aug 6, 2019
2018Aug 7, 2018
2017Aug 10, 2017
2016Aug 9, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.