SSNC · SS&C Technologies Holdings, Inc.

SS&C Technologies delivered strong Q1 2026 results, with both GAAP and adjusted revenue growing 8.8% year-over-year to $1,647.1 million and $1,648.2 million, respectively, driven by 5.0% adjusted organic growth amid favorable business momentum. Technology-enabled services revenue of $1,407.3 million (+10.8%) significantly outpaced license, maintenance, and related revenue of $239.8 million (-1.7%), reflecting the company's emphasis on scaled, recurring services supported by proprietary data, regulated expertise, and purpose-built infrastructure. Adjusted operating income rose 10.1% to $633.6 million (38.4% margin), while adjusted consolidated EBITDA increased 10.0% to $651.0 million (39.5% margin), benefiting from operational efficiencies despite purchase accounting and acquisition-related adjustments. GAAP operating margin expanded 60 basis points to 24.2%, underscoring underlying profitability. Adjusted diluted EPS surged 14.2% to $1.69, supported by non-GAAP tax rates of 22.5%. Operating cash flow strengthened 10.1% to $299.7 million, enabling $233.3 million in shareholder returns, including 2.3 million shares repurchased at $72.60 average price and $65.3 million dividends, alongside modest $5 million debt paydown. Balance sheet remains solid with $420.9 million cash, $7.47 billion gross debt, and net leverage at 2.76x. Guidance affirms momentum, raising FY2026 adjusted revenue midpoint to $6,744 million (5.3% organic growth) from prior $6,734 million, with adjusted EPS midpoint steady at $6.90. CEO Bill Stone highlighted 40 years of mission-critical delivery and AI positioning via Blue Prism WorkHQ launch on April 28. Segment growth varied: GIDS +10.4%, GlobeOp +6.7%, offset by Wealth tech -0.4%, signaling diversified resilience.