SSNC Research | Milton Maxwell

SSNC

SS&C Technologies Holdings, Inc.

86.47

-0.03-0.03%

Dec 16, 4:00:01 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

FY Q3 '25

Downplays State Street loss

10/22/25Oct 22, 2025

Q&A downplayed State Street's SPDR in-sourcing loss as minor and ancillary, freeing resources for faster growth while affirming WIT expansion. GIDS lift-outs, including Sydney's July start, powered organic strength with Q4 pipeline confidence; Battea ramps to $25M. Intralinks pipeline shows early M&A thaw signals. Private credit flows stay robust, no squishiness. Answers largely reaffirmed prepared beats, raised FY2025 guidance, and margin gains. State Street loss barely dents growth. Investors watch Intralinks traction and AI agents.

Key Stats

Market Cap

21.12B

P/E (TTM)

25.66

Basic EPS (TTM)

3.37

Dividend Yield

0.01%

Recent Filings

10-Q

Q3 FY2025 results

10/30/25Oct 30, 2025

SS&C Technologies drove Q3 revenues to $1.6B, up 7.0% y/y, with software-enabled services climbing 8.6% y/y on organic growth in fund administration and investor solutions. Gross margin held steady at 47.7%; operating income rose to $365.7M (up 12.5% y/y, derived), diluted EPS hit $0.83 (up 27.7% y/y), reconciling to 252.6M shares. Cash from operations reached $1.1B YTD; free cash flow not disclosed in the 10-Q. Debt fell to $6.6B (6.1% average rate), with $594M revolver availability and covenant compliance. Closed FPS in Feb 2025 for $6.0M cash; announced Calastone buy Oct 14 for $1.03B cash. Cash dipped to $388M amid $717M buybacks. Volatility in unconsolidated affiliates weighs on earnings.

8-K

Q3 revenue up 7%, cash surges

10/23/25Oct 23, 2025

SS&C posted Q3 GAAP revenue of $1,568 million, up 7.0%, with adjusted revenue hitting a record $1,569 million. Net income jumped 27.7% to $210 million, while nine-month operating cash flow soared 22.1% to $1,101 million. Cash fuels debt paydown and buybacks. Leverage sits at 2.59x.

8-K

SS&C completes Calastone acquisition

10/14/25Oct 14, 2025

SS&C closed its acquisition of Colossus Topco Limited, Calastone's parent and a funds network provider to wealth managers, on October 14, 2025. Funded by $1,050 million incremental Term B-8 loans at SOFR+2.00% maturing May 9, 2031, the deal bolsters SS&C's fund operations tech. Deal accretive within 12 months.

10-Q

Q2 FY2025 results

7/30/25Jul 30, 2025

SS&C Technologies posted Q2 revenue of $1,536.8M, up 5.9% y/y, driven by 6.3% growth in software-enabled services to $1,267.7M from organic gains in fund administration and wealth tech, while gross margin held steady at 48.0%. Operating income climbed to $344.5M (22.4% margin), but diluted EPS dipped to $0.72 from $0.75 on lower net income despite fewer shares; YTD EPS of $1.55 reconciles to 253.5M diluted shares with anti-dilution from 9.1M options (derived). Cash from operations hit $645.1M YTD, exceeding capex of $135.4M for positive FCF, with $480.3M cash and $6.8B long-term debt (6.23% rate) plus $596.6M revolver availability. Small FPS acquisition closed February 2025 for $6.0M, adding $6.0M goodwill. Cash burns fast on buybacks.

8-K

Q2 beat, Calastone deal

7/23/25Jul 23, 2025

SS&C posted Q2 revenue of $1,536.8M, up 5.9%, with adjusted revenue hitting a record $1,537.8M and EBITDA $600.4M, up 7.4%. Adjusted EPS climbed 9.8% to $1.45. Cash flow surged 14.1%. Announced $1.03B Calastone buy, closing Q4 2025 for ETF and digital asset expansion. Shares repurchased: 3.4M.

About

SS&C Technologies Holdings, Inc., together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions. It also offers software-enabled services, such as SS&C GlobeOp, Global Investor and Distribution Solutions, SS&C Retirement Solutions, CRM Solutions, Managed Services, Data Solutions, ALPS Advisors, and Virtual Data Rooms, as well as pharmacy, healthcare administration, and health outcomes optimization solutions. In addition, the company provides software products, such as portfolio/investment accounting and analytics software, portfolio management software, trading software, automation solutions, and banking and lending solutions, as well as research, analytics, risk, and training solutions. The company also provides professional services that includes consulting and implementation services consisting of initial system installation, conversion of historical data, and ongoing training and support, as well as product support services. It operates in the United States, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, Japan, Canada, and the Americas. SS&C Technologies Holdings, Inc. was founded in 1986 and is headquartered in Windsor, Connecticut.

CEO

Mr. William C. Stone

IPO

3/31/2010

Website

https://www.ssctech.com

Employees

26,800

Sector

Technology

Industry

Software - Application