SS&C Technologies Holdings, Inc. reported a revenue increase of 8.8% for the first quarter of 2026, reaching $1.647 billion compared to $1.514 billion in the same period last year. The growth was primarily driven by a $137.4 million rise in technology-enabled services revenue, which accounted for $1.407 billion, reflecting a 10.8% increase. The company attributed this growth to strong performance in its SS&C GlobeOp fund administration and Global Investor and Distribution Solutions businesses, as well as contributions from recent acquisitions totaling $34.9 million and favorable foreign currency translation effects of $22.4 million.

In terms of profitability, SS&C reported a net income of $226.3 million, up from $213.2 million in the prior year, resulting in basic earnings per share of $0.94, compared to $0.87 a year earlier. The increase in net income was supported by a rise in operating income to $398.2 million from $357.9 million, despite a slight increase in total operating expenses, which rose to $403.6 million from $389.2 million. The effective tax rate for the quarter was 25.3%, up from 18.4% in the previous year, primarily due to changes in the composition of income before income taxes.

Operationally, SS&C's total assets decreased to $20.328 billion from $20.712 billion at the end of 2025, with current assets also declining. The company reported a decrease in cash and cash equivalents to $420.9 million from $462.1 million. Client funds obligations, which represent funds held on behalf of clients, also decreased to $3.618 billion from $3.800 billion. The company’s employee headcount remained stable, with no significant changes reported.

Strategically, SS&C has continued to focus on acquisitions, having completed several in the past year, including FPS Trust Company, Calastone Limited, and Curo Fund Services. The company also maintained its stock repurchase program, repurchasing 2.3 million shares for approximately $168 million during the quarter. Looking ahead, SS&C anticipates continued growth driven by its technology-enabled services and expects to recognize approximately $970 million in revenue from remaining performance obligations over the next year, indicating a positive outlook for the upcoming quarters.

About SS&C Technologies Holdings Inc

SS&C Technologies Holdings, Inc. provides software and outsourced services for financial services and healthcare industries. Its offerings include fund administration, investment management, risk analytics, regulatory compliance, claims processing, and population health management. The company’s scalable, proprietary technology supports complex portfolios, automation, and digital transformation, serving global clients with a focus on efficiency, compliance, and risk management across asset management, hedge funds, private equity, and healthcare sectors.

This description was generated via AI from an annual report. Updated 8 months ago.

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