SSNC

- Interested in SS&C Technologies Holdings, Inc.? Here are five stocks we like better. - Strong Q3 performance: SS&C Technologies reported adjusted revenue of $1.691 billion, up 7.8% year over year, while adjusted EPS rose 14.8% to $1.78. Adjusted EBITDA increased 9% to a record $674.8 million, with margins expanding to 39.9%. - 2026 outlook raised: The company increased its full-year revenue guidance to $6.736 billion–$6.776 billion and adjusted EPS guidance to $7.11–$7.17, reflecting expected organic growth of 5.5% at the midpoint and 10% EBITDA growth. - AI and capital allocation remain priorities: SS&C is expanding AI-enabled products, automation and tokenization capabilities while returning capital through $225 million in quarterly buybacks and dividends. Management also plans to refinance $2 billion of 2027 debt and continues to evaluate disciplined acquisitions. - Progress Software: Making Progress Driven by the AI Revolution SS&C Technologies (NASDAQ:SSNC) reported higher third-quarter revenue, earnings and margins, while raising several elements of its full-year outlook as the company cited continued demand for outsourcing, technology and AI-enabled services. For the third quarter of 2026, SS&C posted adjusted revenue of $1.691 billion, up 7.8% from a year earlier. Adjusted organic revenue growth on a constant-currency basis was 5.2%. Adjusted diluted earnings per share increased 14.8% to $1.78. → The AI Buildout Is Only 15% Complete—Here Is Where the Next Dollar Actually Goes Adjusted consolidated EBITDA reached a record $674.8 million, up 9%, while the adjusted EBITDA margin expanded 40 basis points to 39.9%. On a GAAP basis, the company reported revenue of $1.69 billion, net income of $199 million and diluted earnings per share of $0.83. Chairman and Chief Executive Officer Bill Stone said the company generated $1.216 billion in cash from operating activities during the first nine months of 2026, a 10.4% year-over-year increase. → GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall? SS&C returned $225 million to shareholders during the quarter, including $154.8 million spent repurchasing 1.9 million shares and $70.5 million in dividends. In August, the company increased its annual common-stock dividend by 11.1% to $1.20 per share. Chief Financial Officer Brian Schell said the company ended the quarter with $525 million in cash and cash equivalents, $7.5 billion in gross debt and net debt of $7 billion. Based on last-12-month consolidated EBITDA of $2.7 billion, SS&C's net leverage ratio was 2.63 times. → Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs The company is refinancing $2 billion of notes due in 2027, Schell said, and expects to provide an update once the process is complete. Stone said SS&C sees share repurchases as particularly attractive at current valuation levels, while also continuing to pay down debt, raise its dividend and evaluate acquisitions. He said the company does not believe it must choose among those priorities because of its recurring cash flow. SS&C increased several full-year 2026 expectations. The company now expects: - Revenue of $6.736 billion to $6.776 billion. - Organic revenue growth of 5.5% at the midpoint. - Adjusted net income of $1.726 billion to $1.742 billion. - Adjusted diluted EPS of $7.11 to $7.17, representing about 16.3% growth at the midpoint. - EBITDA growth of 10% and 90 basis points of EBITDA-margin expansion for the full year. - An exit rate of 41% EBITDA margins at year-end. For the fourth quarter, the company forecast revenue of $1.70 billion to $1.74 billion, with 4% organic revenue growth at the midpoint. SS&C expects adjusted net income of $454 million to $470 million and adjusted diluted EPS of $1.88 to $1.94. Schell said the fourth-quarter organic-growth outlook reflects quarter-over-quarter timing, including comparisons against a strong fourth quarter in 2025. Stone added that large contracts can materially affect reported organic growth once negotiations are completed, signed and implemented. He said SS&C's pipeline includes large potential mandates, with contracts potentially worth $25 million, $50 million or more. Management highlighted the company's AI-related products and internal automation efforts. At its SS&C Deliver client conference, the company introduced next-generation offerings built on its AI Gateway governance platform and WorkHQ agentic orchestration platform. Stone said the platforms are intended to help customers deploy AI agents in complex, regulated workflows with governance embedded in the process. Through SS&C's internal "Customer Zero" program, the company has developed more than 900 agentic workflows, 200 AI agents and more than 60 digital workers in the WorkHQ development environment. President and Chief Operating Officer Rahul Kanwar said the company's Intelligent Automation & Analytics business, which includes Blue Prism, plays a central role in SS&C's AI strategy. While that segment's organic growth declined 4.5% during the quarter, Kanwar said product development and new offerings can create a lag in reported segment results. He added that automation capabilities also support growth across other SS&C businesses rather than being reflected solely within the segment. Stone said customers can use robotic process automation alongside agentic AI, allowing them to transition at their own pace rather than replacing existing infrastructure all at once. The company also discussed its tokenization strategy, including its Calastone acquisition. Stone said Calastone, which operates a network of roughly 7,000 funds, is growing at a double-digit rate. Kanwar said the tokenization capability provides another differentiator as customers range from fully embracing digital-asset infrastructure to experimenting with potential use cases. Stone said SS&C continues to see demand from large financial institutions seeking partners that can modernize operating models, manage complex processing and maintain regulatory capabilities. The company cited its global technology and fund-administration infrastructure as competitive advantages. Kanwar said the company's ownership of the full technology stack supporting fund administration enables it to deploy AI and new functionality more quickly, helping its win rate. Stone noted that SS&C serves many large global macro funds and continues to invest in support for clients expanding into private markets and regions such as Abu Dhabi. Regarding acquisitions, Stone said the opportunity set is expanding as private-equity firms consider exits, though fintech and financial-services technology assets continue to command high valuations. He said SS&C remains interested in areas including fund administration and could consider larger deals, but will remain disciplined on price. "We don't dabble," Stone said, pointing to the company's 2022 Blue Prism acquisition and its purchase of Calastone last year as examples of investments intended to establish scalable capabilities. SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services. Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "SS&C Technologies Q3 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for October 2026.

Financial software provider SS&C Technologies (NASDAQ:SSNC) met Wall Street's revenue expectations in Q3 2026, with sales up 7.7% year on year to $1.69 billion. On the other hand, next quarter's revenue guidance of $1.72 billion was less impressive, coming in 1.5% below analysts' estimates. Its non-GAAP profit of $1.78 per share was 0.7% above analysts' consensus estimates. Is now the time to buy SS&C? Find out in our full research report. - Revenue: $1.69 billion vs analyst estimates of $1.69 billion (7.7% year-on-year growth, in line) - Adjusted EPS: $1.78 vs analyst estimates of $1.77 (0.7% beat) - Adjusted EBITDA: $674.8 million vs analyst estimates of $668.8 million (39.9% margin, 0.9% beat) - Revenue Guidance for Q4 2026 is $1.72 billion at the midpoint, below analyst estimates of $1.75 billion - Management slightly raised its full-year Adjusted EPS guidance to $7.14 at the midpoint - Operating Margin: 24.2%, in line with the same quarter last year - Free Cash Flow Margin: 28.5%, up from 23.3% in the same quarter last year - Market Capitalization: $20.44 billion "SS&C delivered another quarter of strong results, with Q3 organic revenue growth of 5.2%, record adjusted consolidated EBITDA of $674.8 million, and margins of 39.9%, keeping us on track to achieve our full-year goals," said Bill Stone, Chairman and Chief Executive Officer. "In September, we hosted over 1,000 financial services and healthcare leaders at our annual SS&C Deliver conference, and it was clear that holistic transformation of our clients' operating models is a top priority. As we harness emerging technologies like agentic AI and tokenization, SS&C is evolving in step with our clients—partnering with them, supporting them, and shaping the future together." Founded in 1986 as a bridge between technology and financial services, SS&C Technologies (NASDAQ:SSNC) provides software and software-enabled services that help financial firms and healthcare organizations automate complex business processes. A company's long-term sales performance is one signal of its overall quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. With $6.69 billion in revenue over the past 12 months, SS&C is one of the larger companies in the business services industry and benefits from a well-known brand that influences purchasing decisions. As you can see below, SS&C's 6.1% annualized revenue growth over the last five years was decent. This shows its offerings generated slightly more demand than the average business services company, a useful starting point for our analysis. Long-term growth is the most important, but within business services, a half-decade historical view may miss new innovations or demand cycles. SS&C's annualized revenue growth of 7.7% over the last two years is above its five-year trend, suggesting its demand recently accelerated. This quarter, SS&C grew its revenue by 7.7% year on year, and its $1.69 billion of revenue was in line with Wall Street's estimates. Company management is currently guiding for a 4% year-on-year increase in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 5.1% over the next 12 months, a slight deceleration versus the last two years. Still, this projection is above average for the sector and indicates the market sees some success for its newer products and services. ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you're unstoppable. These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE. Adjusted operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses — everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies because it excludes non-recurring expenses, interest on debt, and taxes. SS&C has been a well-oiled machine over the last five years. It demonstrated elite profitability for a business services business, boasting an average adjusted operating margin of 37.1%. Looking at the trend in its profitability, SS&C's adjusted operating margin decreased by 1.3 percentage points over the last five years. This raises questions about the company's expense base because its revenue growth should have given it leverage on its fixed costs, resulting in better economies of scale and profitability. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. SS&C's unimpressive 7.3% annual EPS growth over the last five years aligns with its revenue performance. This tells us it maintained its per-share profitability as it expanded. Like with revenue, we analyze EPS over a shorter period to see if we are missing a change in the business. SS&C's two-year annual EPS growth of 16.5% was great and topped its 7.7% two-year revenue growth. Diving into SS&C's quality of earnings can give us a better understanding of its performance. A two-year view shows that SS&C has repurchased its stock, shrinking its share count by 5.3%. This tells us its EPS outperformed its revenue not because of increased operational efficiency but financial engineering, as buybacks boost per share earnings. In Q3, SS&C reported adjusted EPS of $1.78, up from $1.57 in the same quarter last year. This print was close to analysts' estimates. Over the next 12 months, Wall Street expects SS&C's full-year EPS to grow 9.9% from $6.92 to $7.60. It was good to see SS&C narrowly top analysts' full-year EPS guidance expectations this quarter. We were also happy its EPS guidance for next quarter narrowly outperformed Wall Street's estimates. On the other hand, its revenue guidance for next quarter missed. Overall, this quarter could have been better. The stock traded down 6% to $84.11 immediately after reporting. So should you invest in SS&C right now? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free.

Q3 2026 GAAP revenue $1,690.0 million, up 7.8%, Fully Diluted GAAP Earnings Per Share $0.83 Adjusted revenue $1,691.1 million, up 7.8%, Adjusted Diluted Earnings Per Share $1.78, up 14.8% WINDSOR, Conn., October 22, 2026--(BUSINESS WIRE)--SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial and healthcare technology and technology-enabled services, today announced its financial results for the third quarter ended September 30, 2026. | Three Months Ended September 30, | | Nine Months Ended September 30, | (in millions, except per share data): | 2026 | 2025 | Change | 2026 | 2025 | Change GAAP Results | | | | | | Revenue | $1,690.0 | $1,568.0 | 7.8% | $5,032.8 | $4,618.7 | 9.0% Operating income | 409.3 | 365.7 | 11.9% | 1,224.6 | 1,068.1 | 14.7% Operating income margin | 24.2% | 23.3% | 90 bps | 24.3% | 23.1% | 120 bps Net income | 198.9 | 210.0 | (5.3)% | 659.8 | 603.8 | 9.3% Diluted earnings per share | $0.83 | $0.83 | — | $2.71 | $2.39 | 13.4% Adjusted Non-GAAP Results (defined in Notes 1 - 4 below) | | | Adjusted revenue | $1,691.1 | $1,569.0 | 7.8% | $5,036.2 | $4,621.6 | 9.0% Adjusted operating income | 657.6 | 602.5 | 9.1% | 1,945.0 | 1,761.3 | 10.4% Adjusted operating income margin | 38.9% | 38.4% | 50 bps | 38.6% | 38.1% | 50 bps Adjusted consolidated EBITDA | 674.8 | 619.0 | 9.0% | 1,996.5 | 1,811.3 | 10.2% Adjusted consolidated EBITDA margin | 39.9% | 39.5% | 40 bps | 39.6% | 39.2% | 40 bps Adjusted diluted earnings per share(1) | $1.78 | $1.55 | 14.8% | $5.23 | $4.52 | 15.7% (1) Reflects non-GAAP tax rates of 22.5% for the three and nine months ended September 30, 2026 and 22.0% for the three and nine months ended September 30, 2025. See Note 4 for more information. Third Quarter 2026 Highlights: - Q3 2026 GAAP Revenue growth and Adjusted Revenue growth were 7.8 percent. - Q3 2026 Adjusted Organic Revenue Growth was 5.2 percent. - Net cash generated from operating activities of $1,216.3 million for the nine months ended September 30, 2026, up 10.4 percent compared to the same period in 2025. - Returned $225.3 million to shareholders in Q3 2026, which included 1.9 million shares repurchased for $154.8 million and $70.5 million in common stock dividends. - Paid down $130.0 million in debt, bringing our net leverage ratio to 2.63x - Record adjusted consolidated EBITDA of $674.8 million for Q3 2026, up 9.0 percent. Adjusted consolidated EBITDA margin for Q3 2026 was 39.9 percent. - GAAP operating income margin for Q3 2026 was 24.2 percent and GAAP net income of $198.9 million for Q3 2026. - Adjusted diluted earnings per share was $1.78, up 14.8 percent. - In August, SS&C increased our common stock dividend to $1.20 annually, an 11.1 percent increase. "SS&C delivered another quarter of strong results, with Q3 organic revenue growth of 5.2%, record adjusted consolidated EBITDA of $674.8 million, and margins of 39.9%, keeping us on track to achieve our full-year goals," said Bill Stone, Chairman and Chief Executive Officer. "In September, we hosted over 1,000 financial services and healthcare leaders at our annual SS&C Deliver conference, and it was clear that holistic transformation of our clients' operating models is a top priority. As we harness emerging technologies like agentic AI and tokenization, SS&C is evolving in step with our clients—partnering with them, supporting them, and shaping the future together." Operating Cash Flow SS&C generated net cash from operating activities of $1,216.3 million for the nine months ended September 30, 2026, compared to $1,101.3 million for the same period in 2025, a 10.4% increase. SS&C ended the third quarter with $525.4 million in cash and cash equivalents and $7,483.5 million in gross debt. SS&C's consolidated net leverage ratio as defined in our credit agreement stood at 2.63 times consolidated EBITDA as of September 30, 2026. SS&C's net secured leverage ratio stood at 1.59 times consolidated EBITDA as of September 30, 2026. Guidance | | Q4 2026 | | FY 2026 Adjusted Revenue ($M) | | $1,700 – $1,740 | | $6,736 – $6,776 Adjusted Net Income ($M) | | $454 – $470 | | $1,726 – $1,742 Interest Expense1 ($M) | | $103 – $105 | | $417 – $419 Adjusted Diluted Earnings per Share | | $1.88 – $1.94 | | $7.11 – $7.17 Cash from Operating Activities ($M) | | – | | $1,717 – $1,817 Capital Expenditures (% of revenue) | | – | | 4.4% – 4.8% Diluted Shares (M) | | 240.0 – 243.0 | | 242.7 – 242.9 Effective Income Tax Rate (%) | | 21.5% – 23.5% | | 21.5% – 23.5% | | | | 1Interest expense is net of deferred financing cost amortization and original issue discount SS&C does not provide reconciliations of guidance for Adjusted Revenues and Adjusted Net Income to comparable GAAP measures, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K. SS&C is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures. These items include acquisition transactions and integration, foreign exchange rate changes, as well as other non-cash and other adjustments as defined under the Company's Credit agreement, that are difficult to predict in advance in order to include in a GAAP estimate. The unavailable information could have a significant impact on Q4 2026 and FY 2026 GAAP financial results. Non-GAAP Financial Measures Adjusted revenue, adjusted operating income, adjusted consolidated EBITDA, adjusted net income and adjusted diluted earnings per share are non-GAAP measures. See the accompanying notes for the reconciliations and definitions for each of these non-GAAP measures and the reasons our management believes these measures provide useful information to investors regarding our financial condition and results of operations. All references above to net income, diluted earnings per share, adjusted operating income, adjusted consolidated EBITDA, and adjusted diluted earnings per share are attributable to SS&C. Earnings Call and Press Release SS&C's third quarter 2026 earnings call will take place at 5:00 p.m. eastern time today, October 22, 2026. The call will discuss third quarter 2026 results. Interested parties may visit investor.ssctech.com to access the live webcast and view accompanying slides. The call will be available for replay via the webcast on SS&C's website; access: https://investor.ssctech.com/financials/quarterly-results/default.aspx Certain information contained in this press release, including information relating to, among other things, the Company's financial guidance for the fourth quarter and full year of 2026 constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions, and other statements that are other than statements of historical facts. Without limiting the foregoing, the words "believes", "anticipates", "plans", "expects", "estimates", "projects", "forecasts", "may", "assume", "intend", "will", "continue", "opportunity", "predict", "potential", "future", "guarantee", "likely", "target", "indicate", "would", "could" and "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the state of the economy and the financial services industry and other industries in which the Company's clients operate, the Company's ability to realize anticipated benefits from its acquisitions, the effect of customer consolidation on demand for the Company's products and services, the variability of revenue as a result of activity in the securities markets, the focus of the Company's business on the asset management industry, the ability to retain and attract clients, the intensity of competition with respect to the Company's products and services, risks from cyber-attacks, breaches of digital security, IT system failures and network disruptions, risks associated with third party providers, fluctuations in the Company's operating results, terrorist activities and other catastrophic events, risks associated with the Company's foreign operations, privacy concerns relating to the collection and storage of personal information, evolving regulations and increased scrutiny from regulators, the Company's ability to protect intellectual property assets and litigation regarding intellectual property rights, delays in product development, investment decisions concerning cash balances, tax risks, risks associated with the Company's joint ventures, changes in accounting standards, evolving regulation and scrutiny from regulators, the Company's exposure to litigation and other claims, risks related to the Company's substantial indebtedness, and the market price of the Company's stock prevailing from time to time, and the risks discussed in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission and can also be accessed on our website. Such "Risk Factors", among others, could cause actual results to differ materially from those indicated by forward-looking statements made herein and presented elsewhere by management from time to time. Undue reliance should not be placed on any such forward-looking statements. Forward-looking statements speak only as of the date on which they are made and, except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements. About SS&C Technologies SS&C is a leading provider of mission-critical, AI-powered technology and services empowering financial services and healthcare organizations to work smarter, faster, and securely. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices worldwide. More than 23,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology. 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SS&C Technologies Holdings, Inc. and Subsidiaries Condensed Consolidated Statements of Comprehensive Income (in millions, except per share data) (unaudited) | | | | | | | | Three Months Ended September 30, | | | Nine Months Ended September 30, | | | 2026 | | | 2025 | | | 2026 | | | 2025 | Revenues: | | | | | | | | | | | | Technology-enabled services | | $ | 1,448.6 | | | $ | 1,309.4 | | | $ | 4,264.1 | | | $ | 3,847.0 | License, maintenance and related | | | 241.4 | | | | 258.6 | | | | 768.7 | | | | 771.7 | Total revenues | | | 1,690.0 | | | | 1,568.0 | | | | 5,032.8 | | | | 4,618.7 | Cost of revenues: | | | | | | | | | | | | Technology-enabled services | | | 771.9 | | | | 714.2 | | | | 2,284.0 | | | | 2,075.4 | License, maintenance and related | | | 104.3 | | | | 106.0 | | | | 314.9 | | | | 311.5 | Total cost of revenues | | | 876.2 | | | | 820.2 | | | | 2,598.9 | | | | 2,386.9 | Gross profit | | | 813.8 | | | | 747.8 | | | | 2,433.9 | | | | 2,231.8 | Operating expenses: | | | | | | | | | | | | Selling and marketing | | | 154.7 | | | | 144.7 | | | | 466.9 | | | | 449.4 | Research and development | | | 131.5 | | | | 118.6 | | | | 398.4 | | | | 375.8 | General and administrative | | | 118.3 | | | | 118.8 | | | | 344.0 | | | | 338.5 | Total operating expenses | | | 404.5 | | | | 382.1 | | | | 1,209.3 | | | | 1,163.7 | Operating income | | | 409.3 | | | | 365.7 | | | | 1,224.6 | | | | 1,068.1 | Interest expense, net | | | (107.2 | ) | | | (104.2 | ) | | | (319.6 | ) | | | (314.9 | ) Other income, net | | | 2.9 | | | | 5.3 | | | | 10.8 | | | | 11.4 | Equity in earnings of unconsolidated affiliates, net | | | (47.7 | ) | | | (11.6 | ) | | | (40.8 | ) | | | (7.7 | ) Loss on extinguishment of debt | | | (0.6 | ) | | | (1.3 | ) | | | (1.0 | ) | | | (2.2 | ) Income before income taxes | | | 256.7 | | | | 253.9 | | | | 874.0 | | | | 754.7 | Provision for income taxes | | | 58.6 | | | | 43.5 | | | | 214.3 | | | | 150.0 | Net income | | | 198.1 | | | | 210.4 | | | | 659.7 | | | | 604.7 | Net loss (income) attributable to noncontrolling interest | | | 0.8 | | | | (0.4 | ) | | | 0.1 | | | | (0.9 | ) Net income attributable to SS&C common stockholders | | $ | 198.9 | | | $ | 210.0 | | | $ | 659.8 | | | $ | 603.8 | | | | | | | | | | | | | Basic earnings per share attributable to SS&C common stockholders | | $ | 0.85 | | | $ | 0.86 | | | $ | 2.77 | | | $ | 2.47 | Diluted earnings per share attributable to SS&C common stockholders | | $ | 0.83 | | | $ | 0.83 | | | $ | 2.71 | | | $ | 2.39 | | | | | | | | | | | | | Basic weighted-average number of common shares outstanding | | | 234.6 | | | | 243.8 | | | | 238.0 | | | | 244.8 | Diluted weighted-average number of common and common equivalent shares outstanding | | | 240.6 | | | | 252.6 | | | | 243.3 | | | | 253.1 | | | | | | | | | | | | | Net income | | $ | 198.1 | | | $ | 210.4 | | | $ | 659.7 | | | $ | 604.7 | Other comprehensive (loss) income, net of tax: | | | | | | | | | | | | Foreign currency exchange translation adjustment | | | (6.4 | ) | | | (66.4 | ) | | | (81.1 | ) | | | 233.9 | Change in defined benefit pension obligation | | | 0.2 | | | | — | | | | 0.4 | | | | — | Total other comprehensive (loss) income, net of tax | | | (6.2 | ) | | | (66.4 | ) | | | (80.7 | ) | | | 233.9 | Comprehensive income | | | 191.9 | | | | 144.0 | | | | 579.0 | | | | 838.6 | Comprehensive loss (income) attributable to noncontrolling interest | | | 0.8 | | | | (0.4 | ) | | | 0.1 | | | | (0.9 | ) Comprehensive income attributable to SS&C common stockholders | | $ | 192.7 | | | $ | 143.6 | | | $ | 579.1 | | | $ | 837.7 | SS&C Technologies Holdings, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (in millions) (unaudited) | | | | | | | | September 30, | | | December 31, | | | 2026 | | | 2025 | Assets | | | | | | Current assets: | | | | | | Cash and cash equivalents | | $ | 525.4 | | | $ | 462.1 | Funds receivable and funds held on behalf of clients | | | 3,846.5 | | | | 3,799.5 | Accounts receivable, net | | | 1,033.7 | | | | 978.7 | Contract asset | | | 57.4 | | | | 49.2 | Prepaid expenses and other current assets | | | 183.4 | | | | 193.7 | Restricted cash | | | 2.5 | | | | 4.5 | Total current assets | | | 5,648.9 | | | | 5,487.7 | Property, plant and equipment, net | | | 280.3 | | | | 289.5 | Operating lease right-of-use assets | | | 217.9 | | | | 233.3 | Investments | | | 171.3 | | | | 174.4 | Unconsolidated affiliates | | | 247.3 | | | | 307.7 | Contract asset | | | 140.2 | | | | 133.1 | Goodwill | | | 9,928.1 | | | | 9,991.3 | Intangible and other assets, net | | | 3,781.2 | | | | 4,094.7 | Total assets | | $ | 20,415.2 | | | $ | 20,711.7 | Liabilities and Equity | | | | | | Current liabilities: | | | | | | Current portion of long-term debt (1) | | $ | 2,260.0 | | | $ | 25.0 | Client funds obligations | | | 3,846.5 | | | | 3,799.5 | Accounts payable | | | 71.7 | | | | 87.2 | Income taxes payable | | | — | | | | 23.3 | Accrued employee compensation and benefits | | | 288.1 | | | | 348.9 | Interest payable | | | 16.7 | | | | 31.6 | Other accrued expenses | | | 278.2 | | | | 303.4 | Deferred revenue | | | 444.7 | | | | 492.4 | Total current liabilities | | | 7,205.9 | | | | 5,111.3 | Long-term debt, net of current portion | | | 5,189.5 | | | | 7,408.4 | Operating lease liabilities | | | 205.4 | | | | 213.2 | Other long-term liabilities | | | 198.4 | | | | 190.2 | Deferred income taxes | | | 848.3 | | | | 846.8 | Total liabilities | | | 13,647.5 | | | | 13,769.9 | SS&C stockholders' equity | | | 6,698.7 | | | | 6,887.6 | Noncontrolling interest | | | 69.0 | | | | 54.2 | Total equity | | | 6,767.7 | | | | 6,941.8 | Total liabilities and equity | | $ | 20,415.2 | | | $ | 20,711.7 | (1) | | $2.0 billion of Senior Notes has been classified as current given the stated maturity of September 30, 2027. We are actively addressing this maturity and believe refinancing the Senior Notes is probable of occurring during the 4th quarter of 2026. SS&C Technologies Holdings, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (in millions) (unaudited) | | | | | Nine Months Ended September 30, | | | 2026 | | | 2025 | Cash flow from operating activities: | | | | | | Net income | | $ | 659.7 | | | $ | 604.7 | Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | Depreciation and amortization | | | 544.7 | | | | 521.1 | Equity in earnings of unconsolidated affiliates, net | | | 40.8 | | | | 7.7 | Distributions received from unconsolidated affiliates | | | 16.9 | | | | — | Stock-based compensation expense | | | 185.8 | | | | 172.9 | Unrealized net losses on investments | | | 2.2 | | | | 2.4 | Amortization of debt financing costs | | | 5.5 | | | | 4.9 | Loss on extinguishment of debt | | | 1.0 | | | | 2.2 | Loss on sale or disposition of property and equipment | | | 2.0 | | | | 0.5 | Deferred income taxes | | | 1.3 | | | | 46.8 | Provision for credit losses | | | 15.0 | | | | 12.0 | Changes in operating assets and liabilities, excluding effects from acquisitions: | | | | | | Accounts receivable | | | (73.3 | ) | | | (54.5 | ) Prepaid expenses and other assets | | | (14.6 | ) | | | 22.0 | Contract assets | | | (15.0 | ) | | | (29.1 | ) Accounts payable | | | (31.5 | ) | | | (16.7 | ) Accrued expenses and other liabilities | | | (72.6 | ) | | | (48.1 | ) Income taxes prepaid and payable | | | (0.3 | ) | | | (98.8 | ) Deferred revenue | | | (51.3 | ) | | | (48.7 | ) Net cash provided by operating activities | | | 1,216.3 | | | | 1,101.3 | Cash flow from investing activities: | | | | | | Business acquisitions, net of cash acquired | | | (0.2 | ) | | | (5.9 | ) Additions to property and equipment | | | (37.0 | ) | | | (70.3 | ) Proceeds from sale of property and equipment | | | 2.2 | | | | 5.7 | Additions to capitalized software | | | (190.2 | ) | | | (155.5 | ) Investments in securities | | | (7.5 | ) | | | (2.5 | ) Proceeds from sales / maturities of investments | | | 7.7 | | | | 0.8 | Distributions received from (contributions to) unconsolidated affiliates | | | 2.6 | | | | (9.8 | ) Collection of other non-current receivables | | | 8.1 | | | | 7.9 | Net cash used in investing activities | | | (214.3 | ) | | | (229.6 | ) Cash flow from financing activities: | | | | | | Cash received from debt borrowings | | | 450.0 | | | | 122.0 | Repayments of debt | | | (440.0 | ) | | | (545.1 | ) Net (decrease) increase in client funds obligations | | | (323.3 | ) | | | 269.4 | Proceeds from exercise of stock options | | | 86.0 | | | | 362.4 | Withholding taxes paid related to equity award net share settlement | | | (81.7 | ) | | | (73.2 | ) Purchases of common stock for treasury | | | (760.5 | ) | | | (717.3 | ) Dividends paid on common stock | | | (199.8 | ) | | | (188.3 | ) Proceeds from (distributions to) noncontrolling interests | | | 14.9 | | | | (21.8 | ) Net cash used in financing activities | | | (1,254.4 | ) | | | (791.9 | ) Effect of exchange rate changes on cash, cash equivalents and restricted cash | | | (9.6 | ) | | | 9.8 | Net (decrease) increase in cash, cash equivalents and restricted cash | | | (262.0 | ) | | | 89.6 | Cash, cash equivalents and restricted cash and cash equivalents, beginning of period | | | 3,573.8 | | | | 3,370.5 | Cash, cash equivalents and restricted cash and cash equivalents, end of period | | $ | 3,311.8 | | | $ | 3,460.1 | | | | | | | Reconciliation of cash, cash equivalents and restricted cash and cash equivalents: | Cash and cash equivalents | | $ | 525.4 | | | $ | 388.3 | Restricted cash and cash equivalents | | | 2.5 | | | | 2.5 | Restricted cash and cash equivalents included in funds receivable and funds held on behalf of clients | | | 2,783.9 | | | | 3,069.3 | | | $ | 3,311.8 | | | $ | 3,460.1 | SS&C Technologies Holdings, Inc. and Subsidiaries Disclosures Relating to Non-GAAP Financial Measures Note 1. Reconciliation of Revenues to Adjusted Revenues Adjusted revenues represents revenues adjusted to include a) amounts that would have been recognized if deferred revenue were not adjusted to fair value at the date of acquisition and b) amounts that would have been recognized if not for adjustments to deferred revenue and retained earnings related to the adoption of ASC 606. Adjusted revenues is presented because we use this measure to evaluate performance of our business against prior periods and believe it is a useful indicator of the underlying performance of our business. Adjusted revenues is not a recognized term under generally accepted accounting principles ("GAAP"). Adjusted revenues does not represent revenues, as that term is defined under GAAP, and should not be considered as an alternative to revenues as an indicator of our operating performance. Adjusted revenues as presented herein is not necessarily comparable to similarly titled measures presented by other companies. Below is a reconciliation of adjusted revenues to revenues, the GAAP measure we believe to be most directly comparable to adjusted revenues. | | Three Months Ended September 30, | | | Nine Months Ended September 30, | (in millions) | | 2026 | | | 2025 | | | 2026 | | | 2025 | Revenues | | $ | 1,690.0 | | | $ | 1,568.0 | | | $ | 5,032.8 | | | $ | 4,618.7 | Purchase accounting adjustments impact on revenue | | | 1.1 | | | | 1.0 | | | | 3.4 | | | | 2.9 | Adjusted revenues | | $ | 1,691.1 | | | $ | 1,569.0 | | | $ | 5,036.2 | | | $ | 4,621.6 | The following is a breakdown of technology-enabled services and license, maintenance and related revenues and adjusted technology-enabled services and license, maintenance and related revenues. | | Three Months Ended September 30, | | | Nine Months Ended September 30, | (in millions) | | 2026 | | | 2025 | | | 2026 | | | 2025 | Technology-enabled services | | $ | 1,448.6 | | | $ | 1,309.4 | | | $ | 4,264.1 | | | $ | 3,847.0 | License, maintenance and related | | | 241.4 | | | | 258.6 | | | | 768.7 | | | | 771.7 | Total revenues | | $ | 1,690.0 | | | $ | 1,568.0 | | | $ | 5,032.8 | | | $ | 4,618.7 | | | | | | | | | | | | | Technology-enabled services | | $ | 1,449.8 | | | $ | 1,310.4 | | | $ | 4,267.6 | | | $ | 3,849.9 | License, maintenance and related | | | 241.3 | | | | 258.6 | | | | 768.6 | | | | 771.7 | Total adjusted revenues | | $ | 1,691.1 | | | $ | 1,569.0 | | | $ | 5,036.2 | | | $ | 4,621.6 | Note 2. Reconciliation of Operating Income to Adjusted Operating Income Adjusted operating income represents operating income adjusted for amortization of intangible assets, stock-based compensation, purchase accounting adjustments for deferred revenue and related costs, ASC 606 adoption impact and other expenses. Adjusted operating income is presented because we use this measure to evaluate performance of our business and believe it is a useful indicator of our underlying performance. Adjusted operating income is not a recognized term under GAAP. Adjusted operating income does not represent operating income, as that term is defined under GAAP, and should not be considered as an alternative to operating income as an indicator of our operating performance. Adjusted operating income as presented herein is not necessarily comparable to similarly titled measures by other companies. The following is a reconciliation between adjusted operating income and operating income, the GAAP measure we believe to be most directly comparable to adjusted operating income. | | Three Months Ended September 30, | | | Nine Months Ended September 30, | (in millions) | | 2026 | | | 2025 | | | 2026 | | | 2025 | Operating income | | $ | 409.3 | | | $ | 365.7 | | | $ | 1,224.6 | | | $ | 1,068.1 | Amortization of intangible assets | | | 165.1 | | | | 157.8 | | | | 491.3 | | | | 467.8 | Stock-based compensation | | | 62.1 | | | | 60.0 | | | | 185.8 | | | | 172.9 | Acquisition related | | | 0.3 | | | | 3.1 | | | | 1.8 | | | | 6.1 | Facilities and workforce restructuring | | | 13.8 | | | | 12.0 | | | | 32.4 | | | | 36.2 | Other (1) | | | 8.9 | | | | 4.3 | | | | 13.8 | | | | 12.6 | Adjusted operating income | | $ | 659.5 | | | $ | 602.9 | | | $ | 1,949.7 | | | $ | 1,763.7 | Adjusted operating income attributable to noncontrolling interest (2) | | | (1.9 | ) | | | (0.4 | ) | | | (4.7 | ) | | | (2.4 | ) Adjusted operating income attributable to SS&C common stockholders | | $ | 657.6 | | | $ | 602.5 | | | $ | 1,945.0 | | | $ | 1,761.3 | (1) | | Other includes additional expenses and income that are permitted to be excluded per the terms of our Credit Agreement from Consolidated EBITDA, a financial measure used in calculating our covenant compliance. (2) | | Adjusted operating income attributable to noncontrolling interest represents the proportionate share of adjusted operating income of DomaniRx, LLC (a consolidated joint venture) retained by our joint venture partners. Note 3. Reconciliation of Net Income to EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA EBITDA represents net income before interest expense, income taxes, depreciation and amortization. Consolidated EBITDA, defined under our Credit Agreement entered into in April 2018, as amended, is used in calculating covenant compliance, and is EBITDA adjusted for certain items. Consolidated EBITDA is calculated by subtracting from or adding to EBITDA items of income or expense described below. Adjusted Consolidated EBITDA is calculated by subtracting acquired EBITDA (as defined below) from Consolidated EBITDA. EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are presented because we use these measures to evaluate performance of our business and believe them to be useful indicators of an entity's debt capacity and its ability to service debt. EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are not recognized terms under GAAP and should not be considered in isolation or as alternatives to operating income, net income or cash flows from operating activities as indicators of our operating performance. These measures are not necessarily comparable to similarly titled measures by other companies. The following is a reconciliation of EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA to net income. | | Three Months Ended September 30, | | | Nine Months Ended September 30, | | | Twelve Months Ended September 30, | (in millions) | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | 2026 | Net income | | $ | 198.1 | | | $ | 210.4 | | | $ | 659.7 | | | $ | 604.7 | | | $ | 853.7 | Interest expense, net | | | 107.2 | | | | 104.2 | | | | 319.6 | | | | 314.9 | | | | 430.9 | Provision for income taxes | | | 58.6 | | | | 43.5 | | | | 214.3 | | | | 150.0 | | | | 240.4 | Depreciation and amortization | | | 182.8 | | | | 175.4 | | | | 544.7 | | | | 521.1 | | | | 727.3 | EBITDA | | | 546.7 | | | | 533.5 | | | | 1,738.3 | | | | 1,590.7 | | | | 2,252.3 | Stock-based compensation | | | 62.1 | | | | 60.0 | | | | 185.8 | | | | 172.9 | | | | 270.5 | Acquired EBITDA and cost savings (1) | | | — | | | | — | | | | — | | | | — | | | | 2.8 | Equity in earnings of unconsolidated affiliates, net | | | 47.7 | | | | 11.6 | | | | 40.8 | | | | 7.7 | | | | 42.5 | Investment losses (gains) (2) | | | 0.6 | | | | (3.3 | ) | | | (10.9 | ) | | | (13.5 | ) | | | (11.4 | ) Facilities and workforce restructuring | | | 13.8 | | | | 12.0 | | | | 32.4 | | | | 36.2 | | | | 41.2 | Acquisition related | | | (2.8 | ) | | | 3.8 | | | | (1.3 | ) | | | 6.8 | | | | 3.5 | Other (3) | | | 8.6 | | | | 1.9 | | | | 16.1 | | | | 12.9 | | | | 54.4 | Consolidated EBITDA | | $ | 676.7 | | | $ | 619.5 | | | $ | 2,001.2 | | | $ | 1,813.7 | | | $ | 2,655.8 | Acquired EBITDA and cost savings (1) | | | — | | | | — | | | | — | | | | — | | | | (2.8 | ) Adjusted Consolidated EBITDA | | $ | 676.7 | | | $ | 619.5 | | | $ | 2,001.2 | | | $ | 1,813.7 | | | $ | 2,653.0 | Adjusted Consolidated EBITDA attributable to noncontrolling interest (4) | | | (1.9 | ) | | | (0.5 | ) | | | (4.7 | ) | | | (2.4 | ) | | | (5.5 | ) Adjusted Consolidated EBITDA attributable to SS&C common stockholders | | $ | 674.8 | | | $ | 619.0 | | | $ | 1,996.5 | | | $ | 1,811.3 | | | $ | 2,647.5 | (1) | | Acquired EBITDA reflects the EBITDA impact of significant businesses that were acquired during the last twelve months as if the acquisition occurred at the beginning of the trailing twelve-month period, as well as cost savings enacted in connection with acquisitions. (2) | | Investment gains includes unrealized fair value adjustments of investments and dividend income received on investments. (3) | | Other includes additional expenses and income that are permitted to be excluded per the terms of our Credit Agreement from Consolidated EBITDA, a financial measure used in calculating our covenant compliance, and includes a loss on the sale of fixed assets of $33.3 million during the twelve months ended September 30, 2026. (4) | | Adjusted Consolidated EBITDA attributable to noncontrolling interest represents the proportionate share of adjusted Consolidated EBITDA of DomaniRx, LLC (a consolidated joint venture) retained by our joint venture partners. Note 4. Reconciliation of Net Income to Adjusted Net Income and Diluted Earnings Per Share Attributable to SS&C to Adjusted Diluted Earnings Per Share Attributable to SS&C Adjusted net income and adjusted diluted earnings per share attributable to SS&C represent net income and earnings per share attributable to SS&C before amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments and other items. We consider adjusted net income and adjusted diluted earnings per share attributable to SS&C to be important to management and investors because they represent our operational performance exclusive of the effects of amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments, loss on extinguishment of debt and other items, that are not operational in nature or comparable to those of our competitors. Adjusted net income and adjusted diluted earnings per share are not recognized terms under GAAP. Adjusted net income and adjusted diluted earnings per share do not represent net income or diluted earnings per share, as those terms are defined under GAAP, and should not be considered as alternatives to net income or diluted earnings per share as indicators of our operating performance. Adjusted net income and adjusted diluted earnings per share attributable to SS&C as presented herein are not necessarily comparable to similarly titled measures presented by other companies. Below is a reconciliation of adjusted net income and adjusted diluted earnings per share attributable to SS&C to net income and diluted earnings per share attributable to SS&C, the GAAP measures we believe to be most directly comparable to adjusted net income and adjusted diluted earnings per share. | | Three Months Ended September 30, | | | Nine Months Ended September 30, | (in millions, except per share data) | | 2026 | | | 2025 | | | 2026 | | | 2025 | GAAP – Net income | | $ | 198.1 | | | $ | 210.4 | | | $ | 659.7 | | | $ | 604.7 | Amortization of intangible assets | | | 165.1 | | | | 157.8 | | | | 491.3 | | | | 467.8 | Stock-based compensation | | | 62.1 | | | | 60.0 | | | | 185.8 | | | | 172.9 | Equity in earnings of unconsolidated affiliates, net | | | 47.7 | | | | 11.6 | | | | 40.8 | | | | 7.7 | Investment losses (gains) (1) | | | 2.7 | | | | (1.1 | ) | | | 1.4 | | | | 2.4 | Facilities and workforce restructuring | | | 13.8 | | | | 12.0 | | | | 32.4 | | | | 36.2 | Acquisition related | | | (2.8 | ) | | | 3.8 | | | | (1.3 | ) | | | 6.8 | Other (2) | | | 11.0 | | | | 4.4 | | | | 23.6 | | | | 21.1 | Income tax effect (3) | | | (66.6 | ) | | | (67.0 | ) | | | (156.5 | ) | | | (173.3 | ) Adjusted net income | | $ | 431.1 | | | $ | 391.9 | | | $ | 1,277.2 | | | $ | 1,146.3 | Adjusted net income attributable to noncontrolling interest (4) | | | (2.1 | ) | | | (0.5 | ) | | | (4.9 | ) | | | (3.2 | ) Adjusted net income attributable to SS&C common stockholders | | $ | 429.0 | | | $ | 391.4 | | | $ | 1,272.3 | | | $ | 1,143.1 | Adjusted diluted earnings per share attributable to SS&C common stockholders | | $ | 1.78 | | | $ | 1.55 | | | $ | 5.23 | | | $ | 4.52 | GAAP diluted earnings per share attributable to SS&C common stockholders | | $ | 0.83 | | | $ | 0.83 | | | $ | 2.71 | | | $ | 2.39 | Diluted weighted-average shares outstanding | | | 240.6 | | | | 252.6 | | | | 243.3 | | | | 253.1 | (1) | | Investment (gains) losses includes unrealized fair value adjustments of investments. (2) | | Other includes additional expenses and income that are permitted to be excluded per the terms of our Credit Agreement from Consolidated EBITDA, a financial measure used in calculating our covenant compliance. (3) | | An estimated effective tax rate of 22.5% has been used to adjust the provision for income taxes for the purpose of computing adjusted net income for the three and nine months ended September 30, 2026. An effective tax rate of 22% has been used to retroactively adjust the provision for income taxes for the purpose of computing adjusted net income for the three and nine months ended September 30, 2025. (4) | | Adjusted net income attributable to noncontrolling interest represents the proportionate share of adjusted net income of DomaniRx, LLC (a consolidated joint venture) retained by our joint venture partners. View source version on businesswire.com: https://www.businesswire.com/news/home/20261022738019/en/ Contacts Brian Schell Chief Financial Officer Tel: +1-816-642-0915 E-mail: [email protected] Justine Stone Head of Investor Relations Tel: +1-212-367-4705 E-mail: [email protected]

For the quarter ended September 2026, SS&C Technologies (SSNC) reported revenue of $1.69 billion, up 7.8% over the same period last year. EPS came in at $1.78, compared to $1.57 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.69 billion, representing a surprise of -0.01%. The company delivered an EPS surprise of +0.57%, with the consensus EPS estimate being $1.77. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how SS&C Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: - Adjusted Revenues- License, maintenance and related: $241.3 million versus $269.65 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -6.7% change. - Adjusted Revenues- Technology-enabled services: $1.45 billion versus the three-analyst average estimate of $1.42 billion. The reported number represents a year-over-year change of +10.6%. - Revenues- License, maintenance and related: $241.4 million compared to the $273.85 million average estimate based on two analysts. The reported number represents a change of -6.7% year over year. - Revenues- Technology-enabled services: $1.45 billion compared to the $1.41 billion average estimate based on two analysts. The reported number represents a change of +10.6% year over year. View all Key Company Metrics for SS&C Technologies here>>> Shares of SS&C Technologies have returned +9.2% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SS&C Technologies Holdings, Inc. (SSNC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

SS&C Technologies (SSNC) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.57 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +0.57%. A quarter ago, it was expected that this financial services software maker would post earnings of $1.68 per share when it actually produced earnings of $1.76, delivering a surprise of +4.76%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. SS&C Technologies, which belongs to the Zacks Computer - Software industry, posted revenues of $1.69 billion for the quarter ended September 2026, missing the Zacks Consensus Estimate by 0.01%. This compares to year-ago revenues of $1.57 billion. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. SS&C Technologies shares have lost about 0.4% since the beginning of the year versus the S&P 500's gain of 13.3%. While SS&C Technologies has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for SS&C Technologies was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.90 on $1.76 billion in revenues for the coming quarter and $7.03 on $6.78 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the top 18% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, PTC Inc. (PTC), is yet to report results for the quarter ended September 2026. The results are expected to be released on November 4. This product development software maker is expected to post quarterly earnings of $2.00 per share in its upcoming report, which represents a year-over-year change of -42.4%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. PTC Inc.'s revenues are expected to be $657.61 million, down 26.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SS&C Technologies Holdings, Inc. (SSNC) : Free Stock Analysis Report PTC Inc. (PTC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

The end of the earnings season is always a good time to take a step back and see who shined (and who didn't). Let's take a look at how data & business process services stocks fared in Q2, starting with SS&C (NASDAQ:SSNC). A combination of increasing reliance on data and analytics across various industries and the desire for cost efficiency through outsourcing could mean that companies in this space gain. As functions such as payroll, HR, and credit risk assessment rely on more digitization, key players in the data & business process services industry could see increased demand. On the other hand, the sector faces headwinds from growing regulatory scrutiny on data privacy and security, with laws like GDPR and evolving U.S. regulations potentially limiting data collection and monetization strategies. Additionally, rising cyber threats pose risks to firms handling sensitive personal and financial information, creating outsized headline risk when things go wrong in this area. The 10 data & business process services stocks we track reported a mixed Q2. As a group, revenues beat analysts' consensus estimates by 1.9% while next quarter's revenue guidance was 3.1% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.2% since the latest earnings results. Founded in 1986 as a bridge between technology and financial services, SS&C Technologies (NASDAQ:SSNC) provides software and software-enabled services that help financial firms and healthcare organizations automate complex business processes. SS&C reported revenues of $1.70 billion, up 10.3% year on year. This print exceeded analysts' expectations by 2.1%. Overall, it was a strong quarter for the company with a solid beat of analysts' billings estimates and an impressive beat of analysts' full-year EPS guidance estimates. Interestingly, the stock is up 20% since reporting and currently trades at $80.33. Is now the time to buy SS&C? Access our full analysis of the earnings results here, it's free. Originally founded as an outsourcing company in 1999 before evolving into a technology-focused enterprise, EXL (NASDAQ:EXLS) provides data analytics and AI-powered digital operations solutions that help businesses transform their operations and make better decisions. EXL reported revenues of $594.8 million, up 15.6% year on year, outperforming analysts' expectations by 3.5%. The business had a very strong quarter with full-year revenue guidance beating analysts' expectations and a beat of analysts' EPS estimates. EXL scored the highest full-year guidance raise in the group. The market seems happy with the results as the stock is up 20.8% since reporting. It currently trades at $36.89. Is now the time to buy EXL? Access our full analysis of the earnings results here, it's free. With a research department that makes over 10,000 property updates daily to its 35-year-old database, CoStar Group (NASDAQ:CSGP) provides comprehensive real estate data, analytics, and online marketplaces for commercial and residential properties in the U.S. and U.K. CoStar reported revenues of $925 million, up 18.4% year on year, in line with analysts' expectations. It was a slower quarter as it posted full-year revenue guidance missing analysts' expectations and full-year EPS guidance in line with analysts' estimates. CoStar delivered the weakest full-year guidance update among its peers. As expected, the stock is down 1.9% since the results and currently trades at $29.76. Read our full analysis of CoStar's results here. Processing over 2.8 billion insurance transaction records annually through one of the world's largest private databases, Verisk Analytics (NASDAQ:VRSK) provides data, analytics, and technology solutions that help insurance companies assess risk, detect fraud, and make better business decisions. Verisk reported revenues of $806.3 million, up 4.4% year on year. This result was in line with analysts' expectations. Aside from that, it was a mixed quarter as it also produced a beat of analysts' EPS estimates but a slight miss of analysts' full-year EPS guidance estimates. Verisk had the slowest revenue growth of the whole group. The stock is down 18.4% since reporting and currently trades at $173.20. Read our full, actionable report on Verisk here, it's free. Creator of the three-digit number that can determine whether you get a mortgage or credit card, Fair Isaac Corporation (NYSE:FICO) develops analytics software and the widely used FICO Score, which is the standard measure of consumer credit risk in the United States. Fair Isaac Corporation reported revenues of $674.2 million, up 25.7% year on year. This print missed analysts' expectations by 1.5%. It was a slower quarter as it also logged full-year revenue guidance slightly missing analysts' expectations. Fair Isaac Corporation had the weakest performance against analyst estimates in the group. The stock is down 48.5% since reporting and currently trades at $707.01. Read our full, actionable report on Fair Isaac Corporation here, it's free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market's biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market's primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market's dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Its operating margin is a fraction of the market's while its net margin sits above the market's, which is where the earnings comparison stops being about the business. UiPath (PATH) stock has climbed 52.4% over the trailing three months against 4.6% for the S&P 500, and trades at about $15.30 a share. On earnings it looks unremarkable, at 24.4 times against 23.8 for the market. That is the least informative comparison here. Its Earnings Multiple Is Not Measuring Its Operations UiPath runs a 6.0% operating margin against 18.4% for the S&P 500, and yet reports a net margin of 19.6% against the market's 13.1%. Earnings that large do not come out of an operating line that thin: the gap opens up below the operating line, and that is why the earnings multiple looks ordinary. Priced on sales, the premium is plain at 4.8 times against 3.3 for the index, on $1.7 billion of revenue over the trailing twelve months. On operating cash flow the premium is narrower, at 20.8 times against 15.6 for the index. The Sales Premium Is A Bet On Process Orchestration What the company sells has changed. It grew up on deterministic robots that repeat one task the same way every time; what it leads with now is process orchestration, software that sequences agents, automations, systems and people through a whole workflow. Maestro Case, in public preview, pushes that into exception-heavy work with no fixed path, and its UiPath for coding agents product targets what management says nearly every customer conversation surfaces: an automation backlog growing faster than customers can build and maintain. Revenue has grown at an average annual rate of 15.1% over the last three years against 5.9% for the S&P 500. Growth alongside margins earned in the operation is one of the things the Trefis High Quality Portfolio insists on in its holdings, and it is the second half of that pairing that is still missing here. Its Recurring Base Is Compounding Slower Than Its Revenue The counter is in the recurring line. Annual recurring revenue reached $1.901 billion in fiscal Q1 2027, up 12% year over year, while reported revenue grew 17.3%, and ARR rather than the reported line is the rate a subscription platform actually compounds at. Management's answer is that on a trailing twelve-month basis revenue growth is 15% against ARR's 12%. Asked to size the ARR coming from the AI products the case rests on, management said only that it would disclose product ARR periodically. The downside record is part of the counter: the stock fell 75% during the 2022 inflation shock against a 24% drop for the S&P 500, and remains about 65% below its pre-crisis high. What The September Report Has To Show UiPath reports fiscal Q2 2027 results on September 3. Two lines matter most: whether ARR growth closes on revenue growth, and whether GAAP operating income builds on the $28 million posted in fiscal Q1 2027, up from a $16 million operating loss a year earlier. Get both and the premium becomes a claim about the operation rather than the platform story. Miss both, with the operating margin still near 6.0%, and the multiple that made the stock look market-priced goes on measuring something other than the business. Rather than judge that on a single number, a scorecard that grades a company across five factors keeps the whole picture in front of you. One Contested Platform Bet Is A Narrow Way To Own Software Deciding on PATH means picking a side in an argument a single quarter's results will not close. The Trefis High Quality Portfolio takes the other route, holding a group of quality businesses rather than resolving a single company's debate. That portfolio has a track record of outpacing the three major indices - the S&P 500, S&P Mid-cap, and Russell 2000.