Ss&C Technologies Holdings Inc. (SSNC)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$6.6B

Revenue growth

8.6%

Net income, last twelve months

$864.0M

Earnings per share

$3.48

Gross margin

48.1%

Operating margin

23.6%

Net margin

13.2%

Free cash flow

$1.8B

Return on equity

13.0%

Market value

$18.9B

Price to earnings

23.1x

Dividend yield

1.3%

Cash

$434.8M

Debt

$7.6B

Debt to equity

1.14

Shares outstanding

234.6M

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the Q3 2026 (third quarter ended September 30, 2026) results, filed 22 October 2026.

• Revenue up 7.8%, organic 5.2%. Revenue was $1,690.0 million, up 7.8%, and adjusted organic revenue growth was 5.2%. Nine-month revenue was $5,032.8 million, up 9.0%.
• Record adjusted EBITDA, 39.9% margin. Adjusted consolidated EBITDA of $674.8 million rose 9.0%; the company described it as a record. The margin was 39.9%, up 40 bps.
• Adjusted EPS up, GAAP EPS flat. Adjusted diluted EPS was $1.78, up 14.8%, on 240.6 million diluted shares against 252.6 million. GAAP diluted EPS was $0.83 in both periods.
• GAAP net income fell 5.3%. GAAP net income attributable to SS&C was $198.9 million against $210.0 million. Equity in unconsolidated affiliates was a $47.7 million loss against $11.6 million.
• Services revenue up, licenses down. Technology-enabled services revenue was $1,448.6 million against $1,309.4 million. License, maintenance and related revenue was $241.4 million against $258.6 million.
• Adjusted revenue adds purchase accounting. Adjusted revenue was $1,691.1 million, up 7.8%. The adjustment for purchase accounting added $1.1 million to revenue in the quarter.
• Adjusted services revenue detail. Adjusted technology-enabled services revenue was $1,449.8 million against $1,310.4 million, and adjusted license, maintenance and related revenue was $241.3 million.
• GAAP operating margin rose to 24.2%. GAAP operating income was $409.3 million, up 11.9%, and the margin was 24.2% against 23.3%. Adjusted operating income margin was 38.9%, up 50 bps.
• Cost of revenues rose with services. Cost of revenues was $876.2 million against $820.2 million. Technology-enabled services costs were $771.9 million against $714.2 million.
• Operating expenses rose on sales and R&D. Total operating expenses were $404.5 million against $382.1 million. Selling and marketing rose to $154.7 million and R&D to $131.5 million; G&A was $118.3 million.
• Interest and tax expense higher. Interest expense, net was $107.2 million against $104.2 million. The provision for income taxes was $58.6 million against $43.5 million.
• Operating cash flow up 10.4%. Nine-month cash from operating activities was $1,216.3 million, up from $1,101.3 million a year earlier.
• Software spend up, equipment spend down. Nine-month additions to capitalized software were $190.2 million against $155.5 million. Property and equipment additions fell to $37.0 million from $70.3 million.
• Quarter-end cash and gross debt. At quarter-end, cash and cash equivalents were $525.4 million and gross debt was $7,483.5 million, compared with $434.8 million of cash at June 30.

Revenue by segment

As the company reports it in the segment note of its annual report.

By product, FY2025

By region, FY2024

Company events

The newest 8-K filings of 182 held.

Every filing

The newest filings with the SEC of 354 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Trades by members of the House

From each member's periodic transaction report.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

812 funds held it at 30 Jun 2026: 364 added and 257 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Microsoft Corp. (MSFT): revenue $346.4B, market value $3.95T
• Palantir Technologies Inc. (PLTR): revenue $6.2B, market value $473.1B
• Oracle Corp. (ORCL): revenue $71.8B, market value $436.3B
• SAP SE (SAP): revenue $41.6B, market value $276.7B
• CrowdStrike Holdings, Inc. (CRWD): revenue $5.4B, market value $273.1B
• Shopify Inc. (SHOP): revenue $13.3B, market value $218.4B
• Salesforce, Inc. (CRM): revenue $43.9B, market value $199.5B
• ServiceNow, Inc. (NOW): revenue $15.4B, market value $155.6B
• Snowflake Inc. (SNOW): revenue $5.4B, market value $119.8B
• Cloudflare, Inc. (NET): revenue $2.5B, market value $113.0B

What the company does

SS&C Technologies Holdings, Inc. provides software and software-enabled services to clients in the financial services and healthcare industries. It was founded in 1986 and is headquartered in Windsor, Connecticut. The company has more than 100 offices in 35 countries and more than 23,000 clients. It describes itself as the world's leading hedge fund and private equity administrator and mutual fund transfer agent. It owns and operates its technology stack, which covers securities accounting, front-to-back-office operations, performance and risk analytics, regulatory reporting and healthcare information processes.

How it makes money

SS&C reports two revenue sources. Software-enabled services are generally sold under contracts with initial terms of one to five years. They carry monthly or quarterly payments and renew automatically each year unless either party ends them.

Pricing scales with factors such as clients' assets under management, the complexity of asset classes, the number of accounts, transaction volumes, and the number of medical and pharmacy claims. The company also licenses software on perpetual or term terms and sells annually renewable maintenance. Professional services, such as installation and data conversion, were 2% of total revenues. SS&C reports average revenue retention above 95% in each of the last five years on software-enabled services and on maintenance and term licenses for its core enterprise products.

What it sells

- Fund administration: SS&C GlobeOp handles fund accounting, net asset value calculations, tax and regulatory reporting, and investor services for hedge funds, private equity and other fund types. - Transfer agency: Global Investor and Distribution Solutions serves investors in countries including the U.S., Canada, U.K., Ireland, Luxembourg, Australia, Hong Kong and Singapore. SS&C Retirement Solutions supports organizations representing more than 12 million participants and approximately 400,000 plan sponsors. - Funds network: Calastone connects asset managers, distributors, platforms, transfer agents and custodians for automated fund transaction processing. - Virtual data rooms: Intralinks supports mergers and acquisitions, alternative investments and capital markets deals. - Investment software: Products include Black Diamond, Geneva, Advent Portfolio Exchange, Eze order and execution management, and the FIXLink network, which has participants in more than 80 countries. - Automation and AI: Blue Prism offers robotic process automation, AI agents and the SS&C AI Gateway governance platform.

Clients can take the software on premise, in the cloud, hosted, or as a multi-tenant or dedicated application. SS&C also runs its own data centers and a private cloud.

Healthcare

SS&C Health serves health plans and pharmacy benefit managers. Its offerings include medical and pharmacy claims processing on the DomaniRx platform, care management, population health analytics and member engagement tools. During the year it processed over 600 million claims across Commercial, Exchange, Medicare and Medicaid markets. Commercial models include full service outsourcing, SaaS, lift outs and joint ventures. The company says it is not owned or controlled by any health plan or pharmacy benefit manager.

Who buys from it

Financial services clients include banks, hedge funds, private equity funds, family offices, asset managers, insurers, pension funds, brokers and dealers, and lenders. Healthcare clients include health insurers, health plans and benefits administrators. In 2025, 67% of revenues came from clients in the United States and 33% from clients outside it.

How it competes

The company describes its markets as fragmented, with large firms, local specialists and clients' own IT departments all competing. In fund administration they include State Street, BNY Mellon, Northern Trust and CITCO Group. In virtual data rooms they include Datasite and Donnelly Financial Solutions. In intelligent automation they include Microsoft, Pega, UiPath and Appian. The filing acknowledges that some competitors have greater financial, technical, distribution and marketing resources.

SS&C points to owning its source code, using its own software to deliver services, and its independence from banks and health plans as its advantages. It also runs its own automation tools inside its operations, which it calls its Customer Zero program.

Acquisitions

SS&C has acquired 70 businesses since 1995 and says it uses acquisitions to add products, clients and geographic reach. The most recent are Calastone Limited in October 2025 and Curo Fund Services in November 2025. Curo adds fund administration in South Africa and across the African continent.

Its people

As of 31 December 2025, SS&C had approximately 28,800 full-time employees, including approximately 17,800 in its international operations. Sales are made through a direct sales organization with staff in offices worldwide.

*From SS&C Technologies's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/1402436/000119312526076745/ssnc-20251231.htm)*

From the company's 10-K.