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REVENUE RECOGNITION
 12 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
Disaggregation of Revenue
The Company has presented below its revenue disaggregated by product line and by revenue type within each of its Investor Communication Solutions and Global Technology and Operations reportable segments.
Revenues in the Investor Communication Solutions segment are derived from both recurring and event-driven activity. In addition, the level of recurring and event-driven activity the Company processes directly impacts Distribution revenues. While event-driven activity is highly repeatable, it may not recur on an annual basis. Event-driven revenues are based on the number of special events and corporate transactions the Company processes. Event-driven activity is impacted by financial market conditions and changes in regulatory compliance requirements, resulting in fluctuations in the timing and levels of event-driven revenues. Distribution revenues primarily include revenues related to the physical mailing and distribution of proxy materials, interim communications, transaction reporting, customer communications and fulfillment services, as well as administrative services related to the Company’s fund processing solutions. Refer to Note 2, “Summary of Significant Accounting Policies” for further details on the Revenue Recognition policy.
For the fiscal years ended June 30, 2026, the Company recognized revenue of 16.5 million as a result of its performance of services related to the Canton Network, which is included in Capital Markets revenues.
Years ended June 30,
202620252024
(in millions)
Investor Communication Solutions
Regulatory$1,434.9 $1,280.6 $1,195.6 
Data-driven fund solutions479.5 459.2 435.2 
Issuer294.8 273.2 259.8 
Customer communications752.8 718.8 683.1 
Total ICS Recurring revenues2,962.1 2,731.8 2,573.6 
Equity and other143.5 115.5 151.0 
Mutual funds204.6 203.8 134.2 
Total ICS Event-driven revenues348.1 319.3 285.2 
Distribution revenues2,250.6 2,062.0 1,999.0 
Total ICS Revenues$5,560.8 $5,113.0 $4,857.9 
Global Technology and Operations
Capital markets$1,184.2 $1,115.3 $1,049.2 
Wealth and investment management731.8 660.8 599.7 
Total GTO Recurring revenues1,916.0 1,776.1 1,648.9 
Total Revenues$7,476.8 $6,889.1 $6,506.8 
Revenues by Type
Recurring revenues$4,878.0 $4,507.9 $4,222.6 
Event-driven revenues348.1 319.3 285.2 
Distribution revenues2,250.6 2,062.0 1,999.0 
Total Revenues$7,476.8 $6,889.1 $6,506.8 
Contract Balances
The following table provides information about contract assets and liabilities:
June 30,
2026		June 30,
2025		June 30,
2024
(in millions)
Contract assets$128.0 $137.5 $125.3 
Contract liabilities$589.5 $678.3 $696.6 
Contract assets result from revenue already recognized but not yet invoiced, including certain future amounts to be collected under software term licenses and certain other client contracts. Contract liabilities represent consideration received or receivable from clients before the transfer of control occurs (deferred revenue). Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period.
During the fiscal year ended June 30, 2026, contract assets decreased primarily due to a difference between the timing of billing and the revenue recognition of software term license revenues, while contract liabilities decreased primarily as a result of the delivery of a software term license to a client, with an equal and offsetting impact to the Company’s internal use software assets. During the fiscal year ended June 30, 2025, contract assets increased primarily due to a difference between the timing of billing and the revenue recognition of software term license revenues, while contract liabilities decreased due to the timing of client invoices in relation to the timing of revenue recognized. The Company recognized $299.6 million of revenue during the fiscal year ended June 30, 2026 that was included in the contract liability balance as of June 30, 2025. The Company recognized $288.4 million of revenue during the fiscal year ended June 30, 2025 that was included in the contract liability balance as of June 30, 2024. The Company recognized $249.4 million of revenue during fiscal year ended June 30, 2024 that was included in the contract liability balance as of June 30, 2023.