Broadridge Financial Solutions Inc (BR)
Return on equity (ROE)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 698,100 | 630,600 | 539,100 | 547,500 | 462,500 |
| Total stockholders’ equity | US$ in thousands | 2,168,200 | 2,240,600 | 1,919,100 | 1,809,100 | 1,346,500 |
| ROE | 32.20% | 28.14% | 28.09% | 30.26% | 34.35% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $698,100K ÷ $2,168,200K
= 32.20%
Broadridge Financial Solutions Inc has consistently exhibited strong return on equity (ROE) performance over the past five years. The ROE has ranged from 28.09% to 34.35% during this period, indicating the company's ability to generate significant profits relative to its shareholders' equity. The ROE of 32.20% in 2024 represents a slight improvement from the prior year. This demonstrates the company's efficient use of equity capital to generate earnings and create value for shareholders. Overall, Broadridge Financial Solutions Inc's robust ROE performance indicates a solid financial position and effective management of its resources.
Peer comparison
Jun 30, 2024