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SS&C Technologies Holdings 8-K Report, Financial Results (Oct 23, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed October 23, 2025
Period End
October 23, 2025
Security
SSNC
In the 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. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Aug ’19Aug ’19
  3. Leadership change8-K · Oct ’22Oct ’22
  4. Deal closed8-K · Oct ’24Oct ’24

01—Abstract

Summary

Summary of the 8-K filed October 23, 2025. Cited figures are marked; the original filing is the authoritative source.

SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) reported third-quarter 2025 results on October 23, 2025, furnished as Exhibits 99.1 (press release) and 99.2 (earnings presentation).

GAAP revenue was $1,568.0 milliona, up 7.0%, and fully diluted GAAP EPS was $0.83, up 27.7%. Adjusted revenue was a record $1,569.0 million, up 7.0%, and adjusted diluted EPS was $1.57, up 17.2%. Adjusted consolidated EBITDA attributable to SS&C was $619.0 million, up 9.3%, at a 39.5% margin.

Q3 adjusted organic revenue growth was 5.2%, and Financial Services recurring revenue growth was 6.7%. Cash generation and capital returns were also highlighted. Net cash from operating activities for the nine months ended September 30, 2025 was $1,101.3 millionb, up 22.1%.

The company returned $305.9 millionc to shareholders in Q3, including $240.1 million in share repurchases and $65.8 million in dividends, and raised its annual common stock dividend to $1.08, an 8.0% increase. At quarter end, the company held $388.3 million of cash and $6,628.1 million of gross debt, with a consolidated net leverage ratio of 2.59 times. Management stated that the company is paying down debt and repurchasing shares.

For the outlook, the company guided fourth-quarter 2025 adjusted revenue to $1,590 to $1,630 milliond and full-year 2025 adjusted revenue to $6,210 to $6,250 million. Full-year adjusted diluted EPS is guided to $6.02 to $6.08. The filing also notes the completed acquisition of Calastone on October 14, 2025, for approximately $1.03 billion, and the announced acquisition of Curo Fund Services, expected to close in Q4 2025.

02—Key points

Key Highlights

  1. Q3 2025 GAAP revenue of $1,568.0 million, up 7.0%; GAAP diluted EPS of $0.83, up 27.7%
  2. Record adjusted revenue of $1,569.0 million, up 7.0%; adjusted diluted EPS of $1.57, up 17.2%
  3. Adjusted consolidated EBITDA attributable to SS&C of $619.0 million, up 9.3%, with a 39.5% margin
  4. Q3 adjusted organic revenue growth of 5.2%; Financial Services recurring revenue growth of 6.7%
  5. Operating cash flow of $1,101.3 million for nine months, up 22.1%; Q3 shareholder returns of $305.9 million
  6. Annual common stock dividend increased to $1.08, an 8.0% increase
  7. FY 2025 guidance: adjusted revenue $6,210–$6,250 million; adjusted diluted EPS $6.02–$6.08

03—Questions

Frequently Asked Questions

  1. How did SS&C perform in the third quarter of 2025?

    GAAP revenue was $1,568.0 million, up 7.0%, and GAAP operating income was $365.7 million, up 12.5%. GAAP net income attributable to SS&C was $210.0 million, up 27.7%. Adjusted revenue reached a record $1,569.0 million.

  2. What is the company's guidance for 2025?

    For Q4 2025, adjusted revenue is guided to $1,590–$1,630 million and adjusted diluted EPS to $1.56–$1.62. For full-year 2025, adjusted revenue is guided to $6,210–$6,250 million, adjusted net income attributable to SS&C to $1,522–$1,538 million, and adjusted diluted EPS to $6.02–$6.08. Cash from operating activities is expected to be $1,515–$1,575 million.

  3. How is SS&C managing its balance sheet and capital?

    At September 30, 2025, the company had $388.3 million in cash and $6,628.1 million in gross debt, with a consolidated net leverage ratio of 2.59 times and a net secured leverage ratio of 1.45 times. In Q3 it paid down $233.1 million of debt, repurchased 2.8 million shares for $240.1 million, and paid $65.8 million in dividends.

  4. What acquisitions did SS&C announce or complete?

    SS&C completed its acquisition of Calastone on October 14, 2025, for a purchase price of approximately $1.03 billion. It also announced the acquisition of Curo Fund Services, which is expected to close in Q4 2025.

  5. Why does the company present non-GAAP measures and omit GAAP guidance reconciliations?

    The company uses adjusted revenue, adjusted EBITDA and adjusted EPS to evaluate operating performance and to reflect covenant-related measures. It does not reconcile guidance for adjusted revenue and adjusted net income to GAAP, relying on the unreasonable efforts exception under Regulation S-K, because items such as acquisition transactions, foreign exchange changes and other adjustments are difficult to forecast. These items could significantly affect GAAP results.

04—Continue

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