Credit and interest ratesnegative · 4 filings
“21 The following is a reconciliation of net income to Consolidated EBITDA attributable to SS&C common stockholders as defined in our amended senior secured credit facility.”10-Q · Apr 30, 2026 ↗
SS&C Technologies Holdings, Inc.
SSNC
Market read
SS&C Technologies Holdings, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 17 directly disclosed connections are confirming.
What changed
- Revenue increased 8.8% versus the comparable filing period.
- Gross margin fell 0.7 percentage points.
Company+0.3% todayVolume comparison unavailable
Market group0 of 3 activeMixed Growth Exposure · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- SSNC's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if SSNC's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 3 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 17 directly disclosed connections are confirming.
Evidence that supports
- Revenue increased 8.8% versus the comparable filing period.
- Operating margin improved 0.5 percentage points.
- Operating cash flow covered net income at 1.33x, improving versus the comparable period.
Evidence that challenges
- Gross margin fell 0.7 percentage points.
What would clarify the read
- SSNC's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements115
Verified relationships13
Evidence supporting the case
- Latest annual revenue changed +6.6% year over year.
- Operating cash flow covered net income at 2.19x in the latest annual period.
Evidence challenging the case
- Credit and interest rates has repeated adverse evidence across 4 filings.
Questions before a position
- EV/sales is 31% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
78.946m+8.2%12m-11.1%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$5.1B+8.2%$2.99+0.3%
2022-12-31$5.3B+4.6%$2.48-2.0%
2023-12-31$5.5B+4.2%$2.39-2.9%
2024-12-31$5.9B+6.9%$3.00-0.3%
2025-12-31$6.3B+6.6%$3.15-0.3%
What management says matters
Persistent and emerging business drivers
Capital investment and capacitymixed · 1 filings
“Investing activities : Cash used in investing activities during the year ended December 31, 2024 totaled $855.7 million, which included $647.1 million paid for business acquisitions, net of cash acquired and asset acquisitions, capitalized software developmen…”10-K · Feb 26, 2026 ↗
Energy and commodity pricespositive · 1 filings
“The global economy has in the past been subject to severe disruptions in the credit markets, increased uncertainty about economic, political, global trade and market conditions, and periods of heightened volatility in a variety of financial and other markets,…”10-K · Feb 26, 2026 ↗
Legal and regulatory exposuremixed · 1 filings
“We believe financial services and healthcare providers will increasingly turn to IT solutions, inclusive of automated, agentic and AI, provided by an independent vendor, as a result of economic challenges and heightened regulatory requirements.”10-K · Feb 26, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.2× · EV/sales 4.3×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
79.56+0.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 10:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SSNC. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-04-30 against the comparable filing from 2025-04-30.
OperationsconstructiveEvidence score +2
liquidityconstructiveEvidence score +1
valuationmixed
What improved
- Revenue increased 8.8% versus the comparable filing period.
- Operating margin improved 0.5 percentage points.
- Operating cash flow covered net income at 1.33x, improving versus the comparable period.
What weakened
- Gross margin fell 0.7 percentage points.
Filing receipts
“Our total cost of revenues increased by $78.5 million, or 10.2%, primarily due to an increase of $42.8 million in organic costs as well as acquisitions, which added $19.8 million in costs, and the unfavorable impact from foreign currency translation, which increased costs by $15.9 million.”
“Our revenues increased $133.2 million, or 8.8%, primarily due to an increase of $75.9 million in organic revenue growth driven by strength in the SS&C GlobeOp fund administration and Global Investor and Distribution Solutions businesses.”
“Consolidated EBITDA has other limitations as an analytical tool, when compared to the use of net income, which is the most directly comparable GAAP financial measure, including: • Consolidated EBITDA does not reflect the significant interest expense we incur as a result of our debt leverage; • Consolidated EBITDA does not reflect the provision of income tax expense in the jurisdictions in which we operate; • Consolidated EBITDA does not reflect any attribution of costs to our operations related to our investments and capital expenditures through depreciation and amortization charges; • Consolidated EBITDA does not reflect the cost of compensation we provide to our employees in the form of s...”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind SSNC
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
DSGRFiling-linked namepartnerFeb 26, 2026 ▾
“Through our Global Investor and Distribution Solutions (“GIDS”) business, we deliver global transfer agency and investor servicing powered by a single global servicing platform.”
BLKBlackRock, Inc.competitorFeb 26, 2026 ▾
“In the field of hedge fund and private market investor portal technology , we compete with point solutions providers, as well as full-suite providers of alternative investments software solutions, such as eFront, a Blackrock Company, and Allvue Systems.”
Depended on by
CWANClearwater Analytics Holdings, Inc.competitorFeb 18, 2026 ▾
“Our principal competitors include large providers of investment operations, accounting and analytics systems such as SS&C (with its Advent, CAMRA, Maximus, and Singularity products), State Street (with its PAM and outsourced service offerings), SAP, BNY Mello…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 15 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SSNC is currently a Leader in the organic co-movement group Mixed Growth Exposure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for SSNC; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.