Broadridge Financial Solutions Inc (BR)

Return on equity (ROE)

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Net income (ttm)	US$ in thousands	698,100	699,000	683,800	671,000	630,500	554,500	532,600	522,300	539,100	551,400	539,800	548,900	547,500	516,800	518,600	472,400	462,500	416,000	421,400	461,200
Total stockholders’ equity	US$ in thousands	2,168,200	2,267,200	2,067,600	2,112,700	2,240,600	1,998,900	1,786,600	1,903,700	1,919,100	1,821,000	1,748,100	1,753,800	1,809,100	1,589,300	1,434,000	1,413,800	1,346,500	1,202,500	1,125,400	1,143,400
ROE		32.20%	30.83%	33.07%	31.76%	28.14%	27.74%	29.81%	27.44%	28.09%	30.28%	30.88%	31.30%	30.26%	32.52%	36.16%	33.41%	34.35%	34.59%	37.44%	40.34%

June 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $698,100K ÷ $2,168,200K
= 32.20%

Broadridge Financial Solutions Inc's return on equity (ROE) has shown a fluctuating trend over the past few quarters. The ROE figures range from a low of 27.44% in Sep 30, 2022, to a high of 40.34% in Sep 30, 2019. The average ROE over the given period is approximately 31.89%.

The highest ROE was recorded in the quarter ending Sep 30, 2019, at 40.34%, indicating strong profitability relative to shareholder equity. The ROE showed a decreasing trend from Sep 2020 to Mar 2023 but picked up again in the following quarters. This suggests that the company may have faced challenges in maintaining profitability in mid-2020 to early 2023.

Overall, Broadridge Financial Solutions Inc has demonstrated a solid ROE performance, indicating its ability to generate profit from the shareholders' equity invested in the company. However, it may be important for stakeholders to monitor the trend closely to understand the factors influencing the changing profitability levels.