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Mar 31
SS&C Q1 2025 Earnings Report
SS&C reported strong results in Q1 2025 with record adjusted revenue and EBITDA, driven by growth in financial services and strategic investments in AI and Quantum technologies.
Key Takeaways
SS&C Technologies delivered a robust Q1 2025 with record adjusted revenue and EBITDA, higher GAAP and non-GAAP EPS, and significant cash flow improvements.
Adjusted revenue reached an all-time Q1 high of $1,514,800,000.
GAAP net income increased to $213,000,000.
Operating cash flow surged to $272,200,000, a 50.8% YoY increase.
The company repurchased 2.4 million shares and reduced debt by $155,000,000.
SS&C
SS&C
SS&C Revenue by Segment
Revenue by Segment
Software-enabled services Revenue
CapyFin.comLicense, maintenance and related Revenue
CapyFin.com Forward Guidance
SS&C expects continued revenue and earnings growth in Q2 and FY 2025, supported by product innovation and strong recurring revenue streams.
Positive Outlook
- Q2 2025 adjusted revenue forecast between $1,489,000,000 and $1,529,000,000.
- FY 2025 adjusted revenue expected between $6,118,000,000 and $6,238,000,000.
- Adjusted diluted EPS forecasted at $1.35–$1.41 for Q2 2025.
- Strong recurring revenue growth in financial services at 5.9%.
- Effective tax rate estimated between 23.0% and 25.0%.
Challenges Ahead
- Interest expense remains high, projected between $102,000,000 and $104,000,000 in Q2.
- Capital expenditures expected to reach up to 4.4% of revenue in FY 2025.
- No GAAP guidance due to unpredictability of certain expenses.
- Ongoing debt servicing requirements despite recent repayments.
- Diluted share count projected to remain around 254–256 million, limiting per-share growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income