Broadridge Financial Solutions Contract with Customer, Liability decreased by 12.2% to $596.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.1%, from $671.50M to $596.90M. Over 4 years (FY 2021 to FY 2025), Contract with Customer, Liability shows an upward trend with a 15.4% CAGR.
An increase indicates higher deferred revenue and future service obligations, while a decrease suggests revenue is being recognized faster than new prepayments are received.
This represents the obligation to transfer services to a customer for which the entity has received consideration or for...
Similar to deferred revenue or contract liabilities reported by other asset management and financial services companies.
other_contract_with_customer_liability| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $382.50M | $376.60M | $409.30M | $431.00M | $414.30M | $389.10M | $455.90M | $518.10M | $692.60M | $667.70M | $675.20M | $712.80M | $696.60M | $658.50M | $672.70M | $671.50M | $678.30M | $654.90M | $679.80M | $596.90M |
| QoQ Change | — | -1.5% | +8.7% | +5.3% | -3.9% | -6.1% | +17.2% | +13.6% | +33.7% | -3.6% | +1.1% | +5.6% | -2.3% | -5.5% | +2.2% | -0.2% | +1.0% | -3.4% | +3.8% | -12.2% |
| YoY Change | — | — | — | — | +8.3% | +3.3% | +11.4% | +20.2% | +67.2% | +71.6% | +48.1% | +37.6% | +0.6% | -1.4% | -0.4% | -5.8% | -2.6% | -0.5% | +1.1% | -11.1% |