SS&C revenue accelerates to 8.8% but tax rate jumps 690bp, debt rises $512M

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~1 min read

Key Changes

• high

  Effective tax rate surged from 18.4% to 25.3%, driven by lower stock-award windfalls and jurisdictional income mix shift, materially reducing net income despite revenue growth.

  MD&A: Income Taxes verify on EDGAR →
• high

  Revenue grew 8.8% to $1.65B (vs 5.5% prior year) on $75.9M organic growth plus Calastone and Curo acquisitions; operating expenses rose only 3.7%, delivering operating leverage.

  MD&A: Revenue & Operating Expenses verify on EDGAR →
• high

  Term B-8 debt increased $512M to $3.86B and company drew $80M on revolver (previously undrawn); net secured leverage rose from 1.57x to 1.69x, still well below 6.25x covenant.

  MD&A: Debt & Liquidity verify on EDGAR →