Broadridge Financial Solutions (BR) official guidance

Second, $25 million in expected AI cost saves in fiscal 2027, which reflects growing confidence in our ability to generate real AI productivity gains.

Finally, we expect close sales of $290 million-$330 million.

Embedded in this outlook is an expected tax rate of 22%.

We expect adjusted EPS growth of 8%-12%.

Looking ahead to the first half of fiscal 2027, our position testing indicates continued strong position growth, which we expect to translate into high single-digit equity revenue position growth and mid-single-digit fund growth.

We expect adjusted operating income margin of approximately 21%, up from 20.5% in fiscal 2026.

Our guidance is calling for another 5%-7% organic growth with an additional point from acquisitions.

Looking ahead to the first half of fiscal 2027, our position testing indicates continued strong position growth, which we expect to translate into high single-digit equity revenue position growth and mid-single-digit fund growth.

Net net, we expect first quarter-adjusted EPS to account for approximately 11%-13% of our full-year earnings.

Following a record fiscal 2026, we expect event-driven revenues to moderate to the range of $250 million-$300 million.

Distribution revenues are forecast to grow at mid-single-digit range, driven by higher postage rates.

Looking ahead to fiscal 2027, we expect GTO revenue growth at the higher end of our recurring revenue guidance, with higher growth in capital markets driven in part by the acquisition of CQG.

Looking ahead to fiscal 2027, we expect another year of strong and consistent growth in ICS, in line with our overall recurring revenue guidance and led by continued growth in regulatory revenues.

We're guiding to 6%-8% recurring revenue growth and 8%-12% adjusted EPS growth.

Second, we expect a four-point license tailwind in our GTO business across both capital markets and wealth management.

Our guidance is calling for another 5%-7% organic growth with an additional point from acquisitions.

| Diluted earnings per share (GAAP) | (4%) - 0% |

| Free cash flow conversion rate (Non-GAAP) | 100% + |

| Cash flow from operating activities relative to net earnings (GAAP) | 100% + |

| Operating income margin % (GAAP) | ~19% |