SS&C Revenue Rises 7.8% as Organic Growth Slows
Key Facts
SS&C Technologies' revenue rose 7.8% in the third quarter of 2026, according to its earnings release, as adjusted earnings per share increased and organic revenue growth slowed from the previous quarter. GAAP revenue totaled $1,690.0 million for the quarter, compared with $1,568.0 million in the same period of 2025. On an adjusted basis, the financial presentation accompanying the results showed diluted earnings per share of $1.78, compared with $1.55 a year earlier. The measure rose 14.8% year on year, outpacing revenue growth over the same period. Adjusted earnings per share exceeded an estimate of $1.77 published by Kiplinger in its earnings calendar before the results were announced.
By contrast, third-quarter GAAP net income attributable to the company fell to $198.9 million, according to the official earnings release. The company had reported net income of $210.0 million in the corresponding period a year earlier, marking a year-on-year decline of 5.3%. GAAP diluted earnings per share held steady at $0.83 in both periods, alongside the decline in total net income and the increase in adjusted earnings per share. On revenue, the company said third-quarter adjusted organic growth was "5.2 percent," below the previous quarter's level. SS&C had reported adjusted organic revenue growth of 7.6% in its second-quarter 2026 earnings release, before the measure slowed in the third quarter.
The third-quarter financial presentation showed adjusted consolidated earnings before interest, taxes, depreciation and amortization rising to $674.8 million. That compared with $619.0 million reported under the same measure in the third quarter of the previous year, according to the year-on-year comparison in the presentation. These earnings grew 9.0% year on year, outpacing GAAP revenue growth over the same period. The adjusted consolidated earnings before interest, taxes, depreciation and amortization margin reached 39.9%, compared with 39.5% a year earlier. The company put the year-on-year improvement in the margin at 40 basis points, alongside an increase in the earnings it measures during the quarter.
On liquidity, cash flow from operating activities totaled $1,216.3 million in the first nine months of 2026, according to the company's financial presentation. Operating cash flow in the corresponding period of 2025 was about $1,101.3 million, in a comparison covering the first nine months of each year. Operating cash flow thus rose 10.4% year on year, according to figures the company provided in its third-quarter earnings presentation. On debt, SS&C said it repaid $130.0 million during the third quarter of 2026. It also returned $225.3 million to shareholders during the same quarter through share repurchases and cash dividends, according to the financial presentation.
Looking ahead, SS&C forecast adjusted revenue of between $1,700 million and $1,740 million for the fourth quarter of 2026, according to the earnings release. The company expects adjusted diluted earnings per share of between $1.88 and $1.94 for the same quarter, as part of its outlook for the final period of the year. For the full year of 2026, the company set its expected adjusted revenue range at $6,736 million to $6,776 million. It also forecast full-year adjusted diluted earnings per share of between $7.11 and $7.17, alongside its annual revenue range. The company scheduled its third-quarter earnings call for October 22, 2026, at 5:00 p.m. U.S. Eastern Daylight Time, according to its investor events page.