Broadridge Financial Solutions Inc (BR)

Pretax margin

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020
Earnings before tax but after interest (EBT) (ttm) US$ in thousands 1,058,700 997,400 953,100 864,700 877,300 884,600 868,100 852,400 794,900 696,200 669,400 649,400 672,200 689,800 683,400 700,900 696,300 654,600 648,200 589,300
Revenue (ttm) US$ in thousands 6,889,200 6,768,100 6,682,900 6,498,700 6,506,900 6,401,600 6,320,800 6,208,700 6,060,900 5,944,800 5,832,800 5,799,500 5,709,100 5,517,800 5,373,900 5,169,200 4,993,700 4,824,000 4,684,100 4,597,900
Pretax margin 15.37% 14.74% 14.26% 13.31% 13.48% 13.82% 13.73% 13.73% 13.12% 11.71% 11.48% 11.20% 11.77% 12.50% 12.72% 13.56% 13.94% 13.57% 13.84% 12.82%

June 30, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,058,700K ÷ $6,889,200K
= 15.37%

The pretax margin of Broadridge Financial Solutions Inc. has exhibited a relatively stable and gradually improving trend over the analyzed period. Starting at approximately 12.82% as of September 30, 2020, the margin experienced a modest increase, reaching peaks around 13.94% by June 30, 2021. Throughout the subsequent quarters, there was some fluctuation, with the margin tending to fluctuate within the range of approximately 11.20% to 13.94%, reflecting periods of operational variability.

Notably, from the second half of 2022 onward, the pretax margin demonstrated a consistent upward trajectory. It declined temporarily to around 11.20% by September 2022 but then steadily increased, surpassing prior levels to reach approximately 14.26% by December 2024. Further, projections indicate a continuing improvement, with the margin reaching approximately 15.37% by June 2025.

This progression suggests enhancements in profitability efficiency and the company's ability to manage operating costs relative to revenue. The decline observed in late 2022 may be attributable to external factors or temporary operational challenges, but the subsequent recovery and upward trend indicate effective management strategies and potential operational restructuring. Overall, the pretax margin reflects a positive trend toward higher profitability margins over the analyzed period, indicating improved financial performance and operational efficiency.