Skip to content
AnalystLens

SS&C Technologies HoldingsSSNC

Legal name
SS&C Technologies Holdings, Inc.
Sector
Technology
Industry
Services-Prepackaged Software
Exchange
Nasdaq

Stock Price $SSNC

Latest filings

You are here#86 of 89 in Technology by market cap

Filing record · 2016–202610-K1210-Q328-K107

SSNC filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 107 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Apr ’17Apr ’17
  2. Leadership change8-K · Aug ’19Aug ’19
  3. Deal closed8-K · Mar ’22Mar ’22
  4. Deal closed8-K · Oct ’25Oct ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  17. $6.27B
YoY changeLargest recent move+104.2%in FY18Latest +6.6%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All SSNC Financial Metrics62 metrics

Income Statement17

Balance Sheet25

Cash Flow15

Per Share5

02—Overview

SS&C Technologies Holdings Financial Overview 2021–2025

Updated Nov 4, 2026

SS&C spent $1,036.0 milliona on buybacks in FY2025, more than it paid for Calastone, the $1.03 billion deal it closed that same year. That tells you where management's priorities sit. The thesis: a steadily compounding services franchise is turning rising cash flow into per-share growth, while a $7,466.9 million debt load keeps the margin for error thinner than the earnings suggest.

Revenue grew from $5,051.0 million in FY2021 to $6,272.2 millionb in FY2025. Diluted EPS dipped from $2.99 to $2.39 in FY2023, as interest expense jumped from $205.7 million in FY2021 to $476.3 million. It then rebounded to $3.00 in FY2024 and $3.15 in FY2025. Operating cash flow reached $1,744.8 million in FY2025, up from $1,388.6 million. Operating income rose to $1,436.7 million from $1,343.5 million. Software-enabled services made up 83.1% of revenue, and the company paid $253.8 million in dividends on top of the buybacks.

The momentum carried into 2026. Revenue rose 10.3% to $1,695.7 millionc in Q2 2026, and Q3 2026 revenue grew 7.8% to $1,690.0 million. Leverage is the pressure point: $2.0 billion of 5.5% senior notes due 2027 are now classified as current. On valuation, the shares closed FY2025 at $87.42, or 27.8x earnings, for a market cap of $21.1 billion. At that point, the market was paying a growth multiple for a business whose net secured leverage stood at only 1.70x.

Recent Developments (Q1 and Q2 2026)

SS&C's operating leverage improved through mid-2026. Operating income rose to $417.1 milliond in Q2 2026 from $344.5 million, a 21.1% gain, while diluted EPS climbed to $0.97 from $0.72. Q1 2026 revenue rose 8.8% to $1,647.1 million. Adjusted organic growth ran 7.6% in Q2 2026, then slowed to 5.2% in Q3 2026. Management raised full-year adjusted EPS guidance to $7.11–$7.17. In May 2026, the board authorized a new $1.5 billion buyback, and the annual dividend rose 11.1% to $1.20. CEO Bill Stone said the share price undervalues the company.

The bull case: record adjusted EBITDA of $674.8 millione in Q3 2026 and raised guidance support continued earnings growth. The bear case: GAAP EPS was flat at $0.83 in Q3 2026, and net leverage of 2.63x leaves little room if refinancing terms worsen. At $65.36, or 20.7x earnings as of the July 29, 2026 report date, the shares look cheaper than at year-end 2025. That price does not reflect today.

What to watch: pricing of the $2.0 billion notes refinancing in Q4 2026; whether organic growth stabilizes above 5%

03—Filings

Recent SEC Filings

  1. 8-KSS&C Technologies Holdings 8-K Report, Financial Results (Oct 22, 2026)SS&C Technologies Holdings, Inc. reported third-quarter 2026 results for the quarter ended September 30, 2026. GAAP revenue was $1,690.0 million, up 7.8%, and adjusted revenue was $1,691.1 million, also up 7.8%. Adjusted Q3 organic revenue growth was 5.2%. GAAP operating income rose 11.9% to $409.3 million, with GAAP net income of $198.9 million (down 5.3%) and GAAP diluted EPS flat at $0.83. Adjusted diluted EPS was $1.78, up 14.8%, and adjusted consolidated EBITDA was a record $674.8 million, up 9.0%, at a 39.9% margin. Cash generation remained strong, with net cash from operating activities of $1,216.3 million for the nine months ended September 30, 2026, up 10.4%. The company returned $225.3 million to shareholders in the quarter, including $154.8 million of buybacks and $70.5 million of dividends, and paid down $130.0 million of debt. Net leverage was 2.63 times. The balance sheet shows $2,260.0 million of current debt, which includes $2.0 billion of Senior Notes maturing September 30, 2027; the company states it believes refinancing is probable in the fourth quarter of 2026. management raised full-year 2026 guidance for adjusted revenue to $6,736–$6,776 million and adjusted diluted EPS to $7.11–$7.17, up from the July 23, 2026 ranges of $6,672–$6,832 million and $6.93–$7.25. Full-year interest expense guidance was raised to $417–$419 million, and the quarterly dividend was increased 11.1% in August to $1.20 annually.
  2. 8-KSS&C Technologies Holdings 8-K Report, Financial Results (Jul 23, 2026)SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) reported record second-quarter 2026 results, furnished under Item 2.02 of this Form 8-K. GAAP revenue was $1,695.7 million, up 10.3%, and GAAP diluted earnings per share were $0.97, up 34.7%. Adjusted revenue was $1,696.9 million, up 10.3%, Adjusted Organic Revenue Growth was 7.6%, and Adjusted Diluted EPS was $1.76, up 18.1%. Adjusted consolidated EBITDA was $670.7 million, up 11.7%, with a margin of 39.5%. GAAP operating income rose 21.1% to $417.1 million and GAAP net income attributable to common stockholders rose 29.9% to $234.8 million. Cash generation and capital return remained strong. Net cash from operating activities was $716.4 million for the six months ended June 30, 2026, up 11.1%. In the quarter, the company returned $499.2 million to shareholders, including a record 6.4 million shares repurchased for $435.2 million and $64.0 million in dividends. Gross debt was $7,613.5 million against cash of $434.8 million at quarter-end, with a consolidated net leverage ratio of 2.75 times and a net secured leverage ratio of 1.70 times consolidated EBITDA. For the third quarter of 2026, the company guides to Adjusted Revenue of $1,657 to $1,697 million and Adjusted Diluted EPS of $1.73 to $1.79. Full-year 2026 guidance was raised: Adjusted Revenue is now $6,672 to $6,832 million (previously $6,664 to $6,824 million), and Adjusted Diluted EPS is $6.93 to $7.25 (previously $6.74 to $7.06). Full-year Cash from Operating Activities is guided to $1,717 to $1,817 million.
  3. 8-KSS&C Technologies Holdings 8-K Report, Executive Changes (May 22, 2026)SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) filed this Current Report on Form 8-K dated May 22, 2026, covering three items: the results of its May 20, 2026 Annual Meeting of Stockholders, a renewed stock repurchase program, and a quarterly dividend. Stockholders approved the Third Amended and Restated 2023 Stock Incentive Plan, which increases the shares reserved for issuance by 10,000,000 shares of common stock. The Board had approved that plan on March 11, 2026, subject to stockholder approval. Stockholders also elected Normand A. Boulanger, David A. Varsano and Michael J. Zamkow as Class I directors with terms expiring at the 2029 annual meeting, approved the non-binding advisory say-on-pay vote, and ratified PricewaterhouseCoopers LLP as the independent registered public accounting firm for fiscal 2026. On May 21, 2026, the Board authorized a renewal and increase of the stock repurchase program to up to $1.5 billion in aggregate of outstanding common stock. Repurchases may be made on the open market, in privately negotiated transactions, or through other legally permissible means, including under a Rule 10b5-1 plan, and the program may be suspended or discontinued at any time. Authority continues until the one-year anniversary of the Board's authorization unless terminated earlier. The Board also approved a quarterly dividend of $0.27 per share, payable June 15, 2026 to holders of record at the close of business on June 1, 2026. In the accompanying press release, Chairman and CEO Bill Stone said the company believes the current share price undervalues its financial strength and future prospects, and that capital allocation will prioritize shareholder value through dividends, opportunistic buybacks and debt paydown, while keeping flexibility for accretive acquisitions.
  4. 8-KSS&C Technologies Holdings 8-K Report, Financial Results (Apr 23, 2026)SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) reported first-quarter 2026 results for the period ended March 31, 2026, as furnished in Exhibits 99.1 and 99.2 to this Form 8-K. GAAP revenue was $1,647.1 million, up 8.8% from $1,513.9 million, while GAAP net income attributable to common stockholders was $226.1 million, up 6.2%, and GAAP diluted earnings per share was $0.91, up 8.3%. Adjusted revenue was $1,648.2 million, up 8.8%, and Adjusted Organic Revenue Growth was 5.0%. Adjusted diluted earnings per share was $1.69, up 14.2%, and adjusted consolidated EBITDA was $651.0 million, up 10.0%, with an adjusted consolidated EBITDA margin of 39.5%. Cash generation and capital returns were also reported. Net cash from operating activities was $299.7 million, up 10.1%. The company ended the quarter with $420.9 million in cash and cash equivalents and $7,468.6 million in gross debt, with a consolidated net leverage ratio of 2.76 times and a net secured leverage ratio of 1.69 times. During the quarter, SS&C returned $233.3 million to shareholders, including $168.0 million of share repurchases (2.3 million shares) and $65.3 million of dividends. For the outlook, the company guided second-quarter 2026 adjusted revenue to $1,640 to $1,680 million and adjusted diluted EPS to $1.64 to $1.70. Full-year 2026 guidance calls for adjusted revenue of $6,664 to $6,824 million and adjusted diluted EPS of $6.74 to $7.06, compared with prior guidance as of February 5, 2026 of $6,654 to $6,814 million and $6.70 to $7.02. The company also announced the launch of Blue Prism WorkHQ, an AI orchestration platform, on April 28, 2026.
  5. 8-KSS&C Technologies Holdings 8-K Report, Financial Results (Feb 5, 2026)SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) furnished its results for the quarter and fiscal year ended December 31, 2025 under Item 2.02 of this Form 8-K. Fourth-quarter GAAP revenue was $1,653.5 million, up 8.1%, and adjusted revenue was a record $1,654.6 million, also up 8.1%. Fourth-quarter fully diluted GAAP EPS was $0.77, down 21.4%, while adjusted diluted EPS was $1.69, up 18.2%. For the full year, GAAP revenue was $6,272.2 million, up 6.6%, and adjusted consolidated EBITDA attributable to SS&C was $2,462.3 million, up 7.9%. Cash generation was strong: net cash from operating activities was $1,744.8 million for 2025, up 25.7%. The company ended the year with $462.1 million in cash and cash equivalents and $7,473.2 million in gross debt, with a consolidated net leverage ratio of 2.80 times and a net secured leverage ratio of 1.70 times. In 2025 it purchased 12.3 million shares at an average price of $84.12, returning over $1 billion through repurchases. For 2026, guidance calls for adjusted revenue of $6,654 to $6,814 million, adjusted net income attributable to SS&C of $1,662 to $1,762 million, and adjusted diluted EPS of $6.70 to $7.02. Management also stated that AI advancements are reshaping the vertical software landscape and that its proprietary technology creates a protective moat.
View all 8-K filings →
View all filings (10-K, 10-Q, 8-K, proxy & more) →

04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.