Broadridge Financial Solutions
BR · Data Processing & Outsourced Services
$183.28
1.5%EXL
EXLS · Data Processing & Outsourced Services
$42.30
1.4%The short version
- Broadridge Financial Solutions is the larger business, with $7.5B of revenue in fiscal 2026 against $2.1B for EXL, about 3.6 times as much.
- EXL grew revenue faster (13.6%, against 8.5%).
- Broadridge Financial Solutions kept more of each dollar of sales as operating profit (17.4% operating margin, against 15.0% operating margin).
- Broadridge Financial Solutions turned more of its sales into free cash flow (17.1% FCF margin, against 14.3% FCF margin).
- EXL earned a higher return on the capital invested in it (28.4%, against 18.3%).
- Investors pay more for each dollar of EXL’s earnings: a P/E of 27.1x against 19.1x for Broadridge Financial Solutions.
| Latest fiscal year | BR · FY26 | EXLS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $21.5B | $6.6B |
| Revenue | $7.5B | $2.1B |
| Free cash flow | $1.3B | $298M |
| Net income | $1.1B | $251M |
| Growth | ||
| Revenue growth | 8.5% | 13.6% |
| 5-year growth | 8.4% | 16.9% |
| Share count change | −1.0% | −1.1% |
| Profitability | ||
| Gross margin | 31.8% | 38.4% |
| Operating margin | 17.4% | 15.0% |
| Net margin | 15.0% | 12.0% |
| FCF margin | 17.1% | 14.3% |
| Return on capital | 18.3% | 28.4% |
| Return on equity | 40.9% | 27.3% |
| Balance sheet | ||
| Net debt | $2.9B | −$27.6M |
| Net debt / EBITDA | 2.0x | −0.1x |
| Dividends and buybacks | $1.0B | $329M |
| Valuation & quality | ||
| P/E | 19.1x | 27.1x |
| Piotroski F-score | 9 | 8 |
FY17
BR $4.1B
EXLS $762M
FY18
BR $4.3B
EXLS $883M
FY19
BR $4.4B
EXLS $991M
FY20
BR $4.5B
EXLS $958M
FY21
BR $5.0B
EXLS $1.1B
FY22
BR $5.7B
EXLS $1.4B
FY23
BR $6.1B
EXLS $1.6B
FY24
BR $6.5B
EXLS $1.8B
FY25
BR $6.9B
EXLS $2.1B
FY26
BR $7.5B
EXLS —
BR
EXLS
FY17
BR 12.8%
EXLS 9.5%
FY18
BR 13.8%
EXLS 5.6%
FY19
BR 15.0%
EXLS 7.7%
FY20
BR 13.8%
EXLS 11.5%
FY21
BR 13.6%
EXLS 13.9%
FY22
BR 13.3%
EXLS 13.6%
FY23
BR 15.5%
EXLS 14.6%
FY24
BR 15.6%
EXLS 14.3%
FY25
BR 17.3%
EXLS 15.0%
FY26
BR 17.4%
EXLS —
BR
EXLS
FY17
BR $431M
EXLS $78.0M
FY18
BR $617M
EXLS $51.7M
FY19
BR $566M
EXLS $128M
FY20
BR $536M
EXLS $161M
FY21
BR $588M
EXLS $147M
FY22
BR $415M
EXLS $121M
FY23
BR $785M
EXLS $158M
FY24
BR $999M
EXLS $222M
FY25
BR $1.1B
EXLS $298M
FY26
BR $1.3B
EXLS —
BR
EXLS
FY17
BR 22.5%
EXLS —
FY18
BR 24.5%
EXLS —
FY19
BR 24.6%
EXLS 10.2%
FY20
BR 20.0%
EXLS 15.2%
FY21
BR 13.2%
EXLS 20.6%
FY22
BR 11.2%
EXLS 21.4%
FY23
BR 13.7%
EXLS 24.5%
FY24
BR 15.2%
EXLS 23.8%
FY25
BR 17.8%
EXLS 28.4%
FY26
BR 18.3%
EXLS —
BR
EXLS
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.