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Broadridge Financial Solutions10-Q: Supplier concentration

Broadridge has over $223M in IT infrastructure commitments with Kyndryl (IBM spin-off).

What happened

Broadridge has three separate long-term agreements with Kyndryl for data centers, managed services, and private cloud, with total fixed commitments of $223.5M ($37.5M + $122.9M + $63.1M).

Source

SEC EDGARFeb 3, 2026

Quarterly report (Form 10-Q)

Broadridge Financial Solutions 10-Q

Filing excerpt

The Company is a party to an Amended and Restated IT Services Agreement with Kyndryl, Inc. (“Kyndryl”), an entity formed by IBM’s spin-off of its managed infrastructure services business... Fixed minimum commitments remaining under the Amended and Restated IT Services Agreement at December 31, 2025 are $37.5 million through June 30, 2027...

sec.gov/Archives/edgar/data/1383312/000162828026004859/br-20251231.htmRead the full source

Other signals in this filing (10)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Supplier concentration

What this signalsFilings often name leadership changes, deals and spending plans.

Fiscal year end
12/31
Filed
Feb 3, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$224M (Total fixed minimum commitments across three Kyndryl agreements)

Details

CIK
1383312
Accession number
0001628280-26-004859
Filing year
2026
Fiscal year
0
Why it matters
Risk management needed
Signal category
Market

Topics and mentions

Technologies

  • mainframe
  • midrange
  • network
  • data center
  • disaster recovery
  • private cloud

Vendors

  • Kyndryl
  • Inc.
  • IBM
  • Kyndryl Canada

Vendors named

  • Kyndryl, Inc.
  • IBM
  • Kyndryl Canada

Extraction

Confidence
High
Relevance
90%
Sentiment
Neutral
Detected
Feb 10, 2026
signal_type
sec-10q
signal_subtype
supplierConcentration

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The API returns more than this page shows

This page shows a preview. The full sec-10q record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/6cf342c9-6594-4b80-a962-9b5773dda0be returns this record as JSON. POST /v1/companies/enrich returns every signal for broadridge.com.

{
  "signal_id": "6cf342c9-6594-4b80-a962-9b5773dda0be",
  "signal_type": "sec-10q",
  "signal_subtype": "supplierConcentration",
  "detected_at": "2026-02-10T08:23:23.195+00:00",
  "company": {
    "name": "Broadridge Financial Solutions",
    "domain": "broadridge.com"
  },
  "data": {
    "detail": "Broadridge has three separate long-term agreements with Kyndryl for data centers, managed services, and private cloud, with total fixed commitments of $223.5M ($37.5M + $122.9M + $63.1M). This deep integration creates significant supplier concentration risk and potential opportunities for competitive solutions or diversification strategies as renewal dates approach (2027, 2029, 2030).",
    "metrics": {
      "dollar_context": "Total fixed minimum commitments across three Kyndryl agreements",
      "dollar_millions": 223.5
    },
    "summary": "Broadridge has over $223M in IT infrastructure commitments with Kyndryl (IBM spin-off).",
    "excerpts": "The Company is a party to an Amended and Restated IT Services Agreement with Kyndryl, Inc. (“Kyndryl”), an entity formed by IBM’s spin-off of its managed infrastructure services business... Fixed minimum commitments remaining under the Amended and Restated IT Services Agreement at December 31, 2025 are $37.5 million through June 30, 2027...",
    "relevance": 0.9,
    "sentiment": "neutral",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1383312/000162828026004859/br-20251231.htm",
    "filing_date": "2026-02-03",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Risk management needed",
    "signal_category": "market",
    "vendors_mentioned": [
      "Kyndryl, Inc.",
      "IBM",
      "Kyndryl Canada"
    ],
    "technologies_mentioned": [
      "mainframe",
      "midrange",
      "network",
      "data center",
      "disaster recovery",
      "private cloud"
    ]
  }
}

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