Broadridge Financial Solutions Inc (BR)

Pretax margin

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Earnings before tax but after interest (EBT)	US$ in thousands	1,058,700	877,400	794,900	672,200	696,200
Revenue	US$ in thousands	6,889,100	6,506,800	6,060,900	5,709,100	4,993,700
Pretax margin		15.37%	13.48%	13.12%	11.77%	13.94%

June 30, 2025 calculation

Pretax margin = EBT ÷ Revenue
= $1,058,700K ÷ $6,889,100K
= 15.37%

The pretax margin of Broadridge Financial Solutions Inc. demonstrates a pattern of fluctuation over the observed period from June 30, 2021, to June 30, 2025.

In fiscal year 2021, the pretax margin was 13.94%, indicating a healthy level of earnings before taxes relative to revenue. This margin decreased to 11.77% in 2022, reflecting a contraction of approximately 2.17 percentage points, which may have been influenced by increased costs, changes in revenue mix, or other operational factors affecting profitability before taxes.

Subsequently, the margin rebounded slightly to 13.12% in 2023, recovering close to the previously observed levels in 2021. This improvement suggests some stabilization or operational efficiencies regained during that period.

By 2024, the pretax margin increased marginally again to 13.48%, continuing the upward trend, which could indicate ongoing efforts to improve profitability or favorable shifts in revenue or cost management.

The most notable change occurs in 2025, where the pretax margin is projected to reach 15.37%. This represents a significant increase of approximately 1.89 percentage points from the 2024 figure, indicating a notable enhancement in the company's profit-generating efficiency before taxation. This upward trajectory suggests the potential realization of strategic efficiencies, increased revenues relative to costs, or other favorable operational factors contributing to improved pretax profitability.

Overall, the company’s pretax margin has shown resilience, recovering from a dip in 2022 and demonstrating a positive trend toward improved profitability by 2025. This progression reflects an overall improvement in operational efficiency and margin enhancement over the analyzed period.