This article first appeared on GuruFocus .
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Adjusted Revenue:$1.697 billion, up 10.3% year-over-year.
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Adjusted Diluted EPS:$1.76, an 18.1% increase.
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Adjusted Consolidated EBITDA:$671 million, up 11.7%, with a margin of 39.5%.
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Adjusted Organic Revenue Growth:7.6% on a constant currency basis.
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Cash from Operating Activities:$716 million for the six months ended June 30, 2026, up 11% year-over-year.
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Shares Repurchased:6.4 million shares for $435.2 million.
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Net Income:$235 million.
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Net Debt:$7.2 billion, with a net leverage ratio of 2.75 times.
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Cash and Cash Equivalents:$435 million.
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Gross Debt:$7.6 billion.
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Net Interest Expense:$107 million for the second quarter.
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Adjusted Net Income:$426 million, up 13.3%.
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Effective Non-GAAP Tax Rate:22.5% for the quarter.
Release Date: July 23, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
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SS&C Technologies Holdings Inc ( NASDAQ:SSNC ) reported record-setting results for Q2 2026, with adjusted revenue of $1.697 billion, up 10.3% year-over-year.
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The company achieved an 18% increase in adjusted diluted earnings per share, reaching $1.76.
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SS&C Technologies Holdings Inc ( NASDAQ:SSNC ) returned $499 million to shareholders, including the highest quarterly buyback in its history, repurchasing 6.4 million shares for $435.2 million.
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The acquisitions completed at the end of 2025, including Kuro and Callistone, are tracking ahead of expectations, contributing positively to revenue growth.
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The company is actively deploying AI across its products and operations, enhancing revenue growth and margin expansion, with a focus on governance and customer protection.
Negative Points
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Despite strong performance, the company faces an uncertain economic backdrop, which could impact future results.
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The company's net debt remains high at $7.2 billion, with a net leverage ratio of 2.75 times.
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There is a potential risk associated with the Medicare GLP-1 Bridge Program, as it is a trial program with uncertain long-term continuation.
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The company is exploring refinancing opportunities for bonds maturing in 2027, indicating potential financial restructuring needs.
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SS&C Technologies Holdings Inc ( NASDAQ:SSNC ) faces competitive pressures in its outsourcing and lift-out services, requiring significant attention and resources to maintain its market position.
Q & A Highlights
Q: The organic growth was above guidance. Can you provide more context, especially regarding license renewals? A: William Stone, CEO: License renewals occur when contracts expire, often leading to revenue spikes due to accounting standards. We had a couple of significant renewals in Q2, contributing to the organic revenue increase.
Q: How does market volatility impact your organic growth, particularly in the Globe Op segment? A: William Stone, CEO: Our hedge fund business is strong, with low redemption rates indicating robust performance. Our assets under administration have increased significantly, reflecting our strength in this area.
Q: Are you seeing increased demand for outsourcing due to AI advancements? A: Rahul Kanwar, COO: Yes, there's strong demand as companies seek to leverage AI without building it internally. Our scalable deployment of AI capabilities is attractive to clients.
Q: How is the Medicare GLP-1 Bridge Program contributing to your results? A: William Stone, CEO: The program is popular and contributes significantly, though it's a trial. We are optimistic about its continuation and the collaboration with Humana and CMS.
Q: How is AI influencing your renewal conversations and pricing strategies? A: William Stone, CEO: AI is a key topic for clients. Our approach demonstrates superior technology and protection, helping clients transition to more sophisticated workflows with less human intervention.
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
