Filing Flows › SS&C Technologies Holdings (SSNC) › Q1 2025
SS&C Technologies Holdings (SSNC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
SS&C Technologies Holdings (SSNC) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -1% from the quarter before. Operating margin was 23.6%, net earnings $213M (14.1% of revenue).
SS&C Technologies Holdings, Q1 2025: revenue $1.5B (+6% year over year), operating margin 23.6%, net earnings $213M, operating cash flow $272M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -1% | +5% |
| Gross profit | $747M | -0.9% | +6% |
| Operating profit | $358M | 0% | +8% |
| Net earnings | $213M | -14% | +35% |
| Operating cash flow | $272M | -44% | +51% |
| Free cash flow | $260M | -44% | +49% |
What changed
Revenue was $1.5B in Q1 2025, up 5% year over year and down 1% from the previous quarter. Software Enabled Services was the largest line at 84% of revenue. Software Enabled Services added $0.08B year over year (up 7%), 104% of the total change. Maintenance and Term Licenses declined 3%.
Gross margin was 49.3%, up 0.1 points from a year earlier. Operating profit was $0.36B, a 23.6% margin (up 0.4 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 23% margin then. Operating expenses grew 4% against revenue growth of 5%. Net earnings were $0.21B, up 35% year over year. The effective tax rate was 18.4%.
Operating cash flow was $0.27B (up 51% year over year), 128% of net earnings. Non-cash charges added back $0.17B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.01B left free cash flow of $0.26B.
Questions
What was SS&C Technologies Holdings' revenue in the first quarter 2025?
SS&C Technologies Holdings (SSNC) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +5% from a year earlier and -1% from the quarter before.
Was SS&C Technologies Holdings profitable in the first quarter 2025?
Operating profit was $358M (23.6% of revenue) and net earnings $213M.