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SS&C Technologies Holdings, Inc.

SSNC Technology Software Application

SS&C Technologies Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.3 billion, up 6.63% from fiscal 2024.

Revenue
+10.3%
EPS
+33.8%
Free cash flow
+14.9%
Total debt
+11.0%

Quarter to June 2026, against a year earlier

77.78 0.53 −0.68%
Market cap
$18.4B
P/E
21.8×
Fwd P/E
20.6×
Dividend yield
1.42%
F-score
5/9
Altman Z
1.77
Beneish M
−2.55
Dividend safety
79/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by products and services Fiscal 2025

  • Technology-enabled Services
  • Maintenance and Term Licenses
  • Professional Services
  • Perpetual Licenses

Every year since 2010 →

Insider Decisions last twelve months

Sold, $m 0.58
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 2 — — — — — —
Insider Ownership 15.58%

Capital & Financial Ratios $m

Size
Market Cap 18,370.00
Revenue ttm 6,564.30
Net income ttm 866.00
Free cash flow ttm 1,523.50
Net debt Q 7,140.10
Valuation
P/E 21.79
Forward P/E 20.60
Price / sales 2.84
Forward P/S Powerpack
Price / FCF 12.22
Price / book 2.78
Financial health
Current ratio Q 1.06
Debt / equity Q 1.13
Interest coverage Q 3.90
Growth
Revenue growth Q +10.34% (above 0%: growing)
Operating income growth Q +21.07% (above 0%: growing)
EPS, this year +16.30% (at or above 15%: strong)
EPS, next year A +8.62%
Revenue, next year A +7.92%
EPS, past 5 yrs +6.03%
EPS, next 5 yrs A +11.05%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.9×, against a ten-year median of 4.7×; over the ten years it ranged from 3.3× in 2026 to 9.3× in 2018.
P/E against its own 10 years 11.81%
10-year low 10-year high
P/S against its own 10 years 22.44%
10-year low 10-year high
P/B against its own 10 years 40.81%
10-year low 10-year high
EV/Sales against its own 10 years 16.57%
10-year low 10-year high
EV/FCF against its own 10 years 7.92%
10-year low 10-year high

Dividends raised every year since 2017

Yield
1.42%
Annual rate
1.11
Payout ratio
31.9%
Growth, 2017–25
+18.6%/yr
  1. 0.27 ’17
  2. 0.30 ’18 +13
  3. 0.43 ’19 +42
  4. 0.53 ’20 +25
  5. 0.68 ’21 +28
  6. 0.80 ’22 +18
  7. 0.88 ’23 +10
  8. 0.98 ’24 +11
  9. 1.04 ’25 +6
  10. 1.10 ’26e +6
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 435 571 467 437
Receivables 3,415 4,064 4,778 5,008
Inventory — — — —
Other 36 48 49 41
4,052 4,862 5,488 5,700
2023 2024 2025 Q'26
Payables 80 70 87 63
ST’ Debt 52 20 25 265
Other — — — —
3,772 4,354 5,111 5,354

Compound Annual Growth %

10y 5y 3y
Sales 20.15% 6.09% 5.89%
Cash Flow 22.43% 8.05% 15.44%
Earnings 33.95% 4.97% 7.02%
Book Value 12.67% 3.96% 4.40%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.77 Actual 1.78

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.62 1.69 Beat by 0.07
Q1 FY26 1.66 1.69 Beat by 0.03
Q2 FY26 1.68 1.76 Beat by 0.08
Q3 FY26 1.77 1.78 Beat by 0.01
Q4 FY26 1.93 — Reports 4 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.91 0.97 — — —
’25 0.84 0.72 0.83 0.77 3.15
’24 0.62 0.75 0.65 0.98 3.00
’23 0.49 0.51 0.61 0.77 2.39
’22 0.64 0.42 0.61 0.81 2.48
’21 0.65 0.71 0.69 0.94 2.99
’20 0.37 0.64 0.60 0.74 2.35
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,647 1,696 — — —
’25 1,514 1,537 1,568 1,654 6,272
’24 1,435 1,452 1,466 1,530 5,882
’23 1,363 1,363 1,366 1,412 5,503
’22 1,295 1,329 1,321 1,338 5,283
’21 1,233 1,259 1,264 1,294 5,051
’20 1,174 1,138 1,153 1,203 4,668
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 300 417 — — —
’25 272 373 456 644 1,745
’24 181 385 337 487 1,389
’23 255 329 243 388 1,215
’22 184 264 317 370 1,134
’21 186 377 383 484 1,429
’20 148 408 199 430 1,185
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 232 342 — — —
’25 213 297 372 579 1,460
’24 128 325 261 424 1,138
’23 202 261 182 319 964
’22 148 222 244 323 937
’21 154 348 346 449 1,298
’20 121 383 171 406 1,081
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 6.4% a year for ten years. It grew 17.5% a year over the last ten.

Implied
6.4%
10 years, reported
17.5%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 1,481 1,675 3,421 4,633 4,668 5,051 5,283 5,503 5,882 6,272 6,564 +17.4% 6,769 7,104 7,438 +5.8%
Gross margin, % 45.96 47.09 40.05 43.63 44.86 47.70 47.61 48.19 48.68 48.17 48.10 +2.2 pt
EBT 164 283 125 532 776 1,037 876 858 894 975 1,091 +21.9%
EBT margin, % 11.04 16.87 3.66 11.48 16.62 20.53 16.58 15.59 15.19 15.54 16.62 +4.5 pt
Net income 131 329 103 439 625 801 649 609 762 799 866 +22.2%
Per share, $
Per share, $ Revenue 7.40 8.18 14.71 18.32 18.21 19.76 20.80 22.16 23.87 25.67 27.57 +14.8%
Earnings 0.65 1.60 0.44 1.73 2.44 3.00 2.56 2.45 3.09 3.26 3.59 +19.6%
Cash flow 2.09 2.30 2.75 5.25 4.62 5.59 4.47 4.89 5.64 7.14 7.63 +14.6%
Capex (0.19) (0.22) (0.34) (0.49) (0.41) (0.51) (0.78) (1.01) (1.02) (1.17) (1.23) +22.5%
Free cash flow 1.90 2.08 2.41 4.76 4.21 5.08 3.69 3.88 4.62 5.98 6.40 +13.6%
Book value 11.28 13.11 19.70 20.23 22.30 24.35 24.02 25.77 26.82 28.42 28.18 +10.8%
Shares, m 200 205 233 253 256 256 254 248 246 244 242 +2.2%
Valuation, ×
Valuation, × P/E 44.76 25.38 98.07 35.29 29.82 26.28 20.49 24.66 24.52 26.73 21.79 35.6
P/S 3.90 4.97 3.07 3.35 4.00 4.15 2.52 2.73 3.17 3.41 2.84 3.5
P/B 2.56 3.10 2.29 3.04 3.26 3.37 2.18 2.34 2.83 3.08 2.78 2.8
EV/Sales 5.51 6.15 5.43 4.86 5.33 5.21 3.78 3.87 4.27 4.52 3.92 4.9
EV/FCF 21.43 24.19 33.12 18.70 23.02 20.29 21.29 22.09 22.07 19.40 16.91 22.6
Cash, $m
Cash, $m Operating cash flow 418 472 640 1,328 1,185 1,429 1,134 1,215 1,389 1,745 1,816 +17.2%
Capex (37) (46) (79) (124) (104) (131) (197) (251) (251) (285) (293) +25.3%
Free cash flow 381 426 561 1,204 1,081 1,298 937 964 1,138 1,460 1,524 +16.1%
Balance, $m
Balance, $m Working capital (146) (84) 126 10 15 401 234 280 508 376 345 n/m
Net debt 2,381 1,981 8,083 6,992 6,227 5,381 6,636 6,285 6,439 6,967 7,140 +12.7%
Shareholders’ equity 2,259 2,686 4,580 5,116 5,717 6,223 6,101 6,398 6,609 6,942 6,711 +13.3%
Returns, %
Returns, % ROA 2.28 5.85 0.95 2.67 3.83 4.81 3.83 3.49 4.09 4.01 4.36 +1.7 pt
ROIC 3.89 5.32 2.12 4.72 5.16 6.69 5.61 5.96 6.44 6.46 6.99 +2.6 pt
ROE 6.00 13.30 2.84 9.04 11.54 13.40 10.55 9.71 11.69 11.76 12.59 +5.8 pt
People
People Employees 8,001 8,287 22,600 22,800 24,600 24,900 27,600 26,000 26,800 28,800 — +15.3%
Revenue/emp, $m 0.19 0.20 0.15 0.20 0.19 0.20 0.19 0.21 0.22 0.22 — +1.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Business profile

Updated

SS&C Technologies supplies software and outsourced services to financial institutions and healthcare organizations. It helps customers run processes such as investment accounting, fund administration, regulatory reporting and healthcare claims processing. Founded in 1986, SS&C is headquartered in Windsor, Connecticut. William C. Stone is its chairman and chief executive officer.

For investment managers, SS&C can administer funds: calculating fund values, keeping accounts, reporting to investors and handling tax and compliance work. It also supplies software for trading, portfolio management and other functions. Customers can use its software at their own facilities, in the cloud or through hosted applications, or combine software with services performed by SS&C.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by products and services, and margins
Technology-enabled Services 5,211 83.08%
Maintenance and Term Licenses 913 14.55%
Professional Services 104 1.65%
Perpetual Licenses 45 0.71%
Gross margin 48.17%
Operating margin 22.91%
Pre-tax margin 15.54%

Revenue by segment since 2010

SS&C Technologies Holdings, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
U Unity Software Inc. $21.5B — (loss-making) — (loss-making) +32.19% (above 0%: growing) n/m +45.22% (above 0%: growing) 81.92% 16.18% Compare
PTC PTC Inc. $21.1B 18.7× 21.9× −6.82% (below 0%: shrinking) −11.86% (below 0%: shrinking) +3.02% (above 0%: growing) 81.74% 27.75% Compare
SSNC SS&C Technologies Holdings, Inc. $18.4B 21.8× 20.6× +10.34% (above 0%: growing) +33.78% (above 0%: growing) +14.94% (above 0%: growing) 48.26% 24.60%
TYL Tyler Technologies, Inc. $17.1B 53.6× 45.9× +8.67% (above 0%: growing) +19.80% (above 0%: growing) +11.88% (above 0%: growing) 49.14% 18.07% Compare
FICO Fair Isaac Corporation $15.3B 20.4× 19.2× +25.68% (above 0%: growing) +39.65% (above 0%: growing) +34.07% (above 0%: growing) 87.09% 53.79% Compare
MANH Manhattan Associates, Inc. $14.8B 71.0× 68.4× +11.02% (above 0%: growing) +8.25% (above 0%: growing) −22.46% (below 0%: shrinking) 56.93% 26.45% Compare
DOCU Docusign Inc. $14.8B 47.3× 45.2× +9.38% (above 0%: growing) +32.26% (above 0%: growing) +35.89% (above 0%: growing) 79.69% 13.43% Compare
GRAB Grab Holdings Limited $14.2B 25.9× 19.3× +27.38% (above 0%: growing) −56.00% (below 0%: shrinking) +108.44% (above 0%: growing) 46.49% 9.71% Compare
GWRE Guidewire Software, Inc. $13.8B 101× 74.0× +15.29% (above 0%: growing) −38.71% (below 0%: shrinking) +16.42% (above 0%: growing) 65.60% 15.16% Compare
Median of peers $15.1B 47.3× 45.2× +13.16% +8.25% +25.25% 72.65% 17.13%

All 230 Software Application stocks →

From the latest earnings call

Updated

  • On SS&C’s first-quarter call, CEO William Stone said the company was using AI to speed software development, implementations and customer service.
  • Stone said SS&C had deployed close to 4 thousand digital workers and was improving them by turning them into AI agents.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 86.03%
Held by the ten largest 40.56%
Holder Shares Stake Change
Vanguard 23.43m 9.99% +1.30m
BlackRock 16.82m 7.17% −3.37m
Fidelity (FMR) 12.05m 5.14% +1.03m
PZENA INVESTMENT MANAGEMENT LLC 11.04m 4.70% +1.34m
State Street 6.26m 2.67% +2.46k
AQR Capital Management 6.06m 2.58% +3.23m
Citadel Advisors 5.91m 2.52% +330.31k
Swedbank 4.86m 2.07% +555.14k
BMO 4.76m 2.03% −243.00k
Geode Capital Management 3.96m 1.69% −41.32k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 8 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 25.01m 52.57m 128.08
2024 25.87m 32.40m 109.69
2023 20.10m 18.81m 87.22
2022 12.81m (19.76m) 73.17
2021 22.98m 28.94m 113.74

Ownership

Directors and executive officers, together 16.00%
William C. Stone 14.60%
BlackRock, Inc. 11.60%
The Vanguard Group 8.50%
Janus Henderson Group plc 5.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

SS&C Technologies Holdings, Inc. (SSNC) Latest News

27 Oct

Impact 4 · · Business Wire

25 Oct

Impact 4 · · The Motley Fool

24 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.
Impact 3 · · StockStory

23 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · StockStory
Impact 4 · · Moby

22 Oct

Impact 4 · · MarketBeat
Impact 4 · · Associated Press
Impact 4 · · Business Wire earnings
Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory

21 Oct

Impact 3 · · Business Wire
Impact 3 · · StockStory

20 Oct

Impact 3 · · Zacks

15 Oct

Impact 4 · · Business Wire

14 Oct

Impact 3 · · Business Wire

13 Oct

Impact 3 · · Business Wire

23 Sep

Impact 4 ·

17 Sep

Impact 3 ·

16 Sep

Impact 3 ·

15 Sep

Impact 3 ·

10 Sep

Impact 3 ·

19 Aug

Impact 3 ·

3 Aug

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30 Jul

Impact 3 ·

27 Jul

Impact 4 ·

26 Jul

Impact 3 ·

SSNC metrics, ten years each

stockrow.com/SSNC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com