SSNC earnings analysis
What we found in SSNC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
SS&C Technologies reported strong Q1 2026 results with revenue of $1.65 billion, marking an 8.8% year-over-year increase, driven largely by their technology-enabled services which grew 10.8%. Adjusted diluted EPS reached $1.69, surpassing the expected $1.62, alongside a positive cash flow generation of $299.7 million from operations.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 8.8% YoY
- SS&C's revenue rose to $1.65 billion, up from $1.51 billion in Q1 2025, indicating strong demand and market positioning.
- Adjusted EPS Beats Estimates
- The actual diluted EPS climbed to $1.69 compared to estimates of $1.62, reflecting effective cost management and operational efficiency.
- Technology-Enabled Services Led Growth
- Technology-enabled services revenue increased by $137.4 million, or 10.8%, contributing significantly to overall revenue.
- Strong Operating Cash Flow
- Generated $299.7 million in operating cash flow, up from $272.2 million year-over-year, supporting liquidity and investment plans.
- Improved Gross Margin
- Gross margin improved slightly to 48.7% from 49.3% in Q1 2025, indicating efficient cost management despite rising costs.
- Increased Dividend Payments
- Quarterly dividend increased from $0.25 to $0.27 per share, totaling $65.3 million, demonstrating commitment to returning value to shareholders.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Debt Levels
- SS&C holds $6.4 billion in total debt, with a substantial part maturing in the next few years, raising liquidity concerns.
- Foreign Currency Risks
- Approximately 24% of revenue is international, raising exposure to currency fluctuations which could impact financial results.
- Interest Rate Sensitivity
- With $4.71 billion in variable interest debt, a 100 basis point increase could lead to an annual increase of $47.1 million in interest expense.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.69
- Gross margin
- 48.7%
- Operating margin
- 23.4%
- Segment
- Technology-enabled services: $1,407.3 million
- Segment
- License, maintenance and related: $239.8 million
What they said about what is next.
Outlook includes FY 2026 adjusted revenue of $6.664–$6.824 billion and adjusted diluted EPS guidance of $6.74–$7.06.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- SS&C reports continued top-line growth and strong cash generation in 2025, with revenues of $6,272.2 million versus $5,882.0 million in 2024 and robust software‑enabled services scale. The company emphasizes its high…
- 10-Q · July 30, 2025
- SS&C reported Q2 2025 total revenues of $1,536.8 million, up $85.3 million (≈5.9%) year-over-year, driven by software-enabled services. Operating income increased to $344.5 million (from $327.6 million), while GAAP…
- 10-Q · April 30, 2025
- SS&C reported strong Q1 results with total revenue of $1,513.9 million (up $78.9M or 5.5% YoY) and GAAP diluted EPS of $0.84 (vs. $0.62 in Q1 2024). Software-enabled services drove the top-line, while gross margin…
- 10-Q · August 1, 2024
- SS&C reported Q2 2024 revenue of $1,451.5 million, up 6.5% year-over-year, with gross profit of $698.3 million and diluted EPS of $0.75. Operating income of $327.6 million (22.6% operating margin) improved versus the…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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