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10/23/2025
Thank you for standing by. My name is Greg, and I will be your conference operator today. At this time, I would like to welcome everyone to today's SS&C Technologies Q3 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star followed by the number one on your telephone keypad. Once again, star one. And if you'd like to withdraw your question, simply press star one again. Thank you. I'd now like to turn the call over to Justine Stone, Head of Investor Relations. Justine?
Hi, everyone. Welcome, and thank you for joining us for our Q3 2025 earnings call. I'm Justine Stone, Investor Relations for SS&C. With me today is Bill Stone, Chairman and Chief Executive Officer, Rahul Kanwar, President and Chief Operating Officer, and Brian Schell, our Chief Financial Officer. Before we get started, we need to review the Safe Harbor Statement. Please note the various remarks we make today about future expectations, plans, and prospects, including the financial outlook we provide, constitute forward-looking statements for the purposes of the Safe Harbor provisions under the Private Security Litigations Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements or results of various important factors, including those discussed in our risk factor section of our most recent annual report on Form 10-K, which is on file with the FCC and can also be accessed on our website. These forward-looking statements represent our expectations only as of today, October 23rd, 2025, while the company... ...financial measures to comparable GAAP financial measures. is included in today's earnings release, which is located in the investor relations section of our website at www.ssctech.com. I will now turn the call over to Bill.
Thanks Justine, and welcome everyone. Our third quarter results include record adjusted revenue of $1.569 billion, up 7%, and adjusted diluted earnings per share of $1.57, a 17.2% increase. We delivered record adjusted consolidated EBITDA of $619 million, up 9.3%, resulting in quarterly adjusted consolidated EBITDA margin of 39.5%. Our third quarter adjusted organic revenue growth was 5.2%, with performance driven by Globop with a 9.6% revenue growth, and our global investor In distribution services, our goods business with a 9% revenue growth. We saw strength across all alternative markets, and we were capitalizing on international opportunities. In our goods business, we successfully completed a large lift out in Australia on July 1 and announced an additional lift out for our U.S. life and pensions provider. Q3 financial services recurring revenue growth was 6.7%. For the nine months ended September 30, 25, Cash from operating activities was $1.101 million, up 22% over the prior year. In Q3, we returned $305 million to shareholders, which included acquiring 2.8 million shares for $240 million, an average price of $86.82, and $65.8 million in common stock dividends. This quarter, we've raised our common stock dividend to $1.08, an 8% increase. Cessncy's strong cash flow characteristics allow us to return capital to our shareholders in multiple ways. We continue to believe our shares are undervalued, and we'll continue to prioritize share repurchases. High-quality acquisitions that meet our financial criteria are also a key element of SS&C's capital allocation strategy. In September, we announced the acquisition of Kiro Fund Services, a South African fund administration business. This acquisition deepens our relationship with two meaningful clients and gives SS&C a local presence in the African market. Our Callistone acquisition closed on October 14th. A global team of 250 employees will join our goods business, reporting into Nick Wright. We are excited about Calistone's proprietary global funds network and the additional capabilities in money markets, ETFs, and digital assets they bring to the SS&C solution set. Tokenization is gaining meaningful traction amongst our clients, and we are pleased to offer a solution that supports their evolving digital asset strategies. I'll now turn it over the call to Rahul to discuss the quarter in more detail.
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