SS&C Technologies Holdings, Inc. (SSNC) SEC Filings & Earnings Calls

GAAP net income declined 5.3% YoY despite revenue growth, due to higher non-operating costs or tax effects.

“Net income $198.9M vs $210.0M, down 5.3%”

High debt levels

“Total debt outstanding $6,841.9 million at June 30, 2026 (Term B-8 $3,861.9M, Term A-9 $765M, Revolving $230M, 5.5% Notes $2,000M, 6.5% Notes $750M).”

Interest rate exposure

“Net interest expense $107.0 million for Q2 2026; average interest rate 5.70%.”

High leverage (2.75x net) and debt load ($7.6B) could constrain flexibility if rates rise or growth slows

“Gross debt $7,613.5 million; net leverage 2.75x”

High leverage and debt service risk

“Total debt outstanding of $7,461.9 million (Term B-8 $3,861.9M, Term A-9 $770.0M, Revolving $80.0M, 5.5% Senior Notes $2,000.0M, 6.5% Senior Notes $750.0M) as of March 31, 2026.”

Interest rate exposure

“Average interest rate of 5.69% for the three months ended March 31, 2026, down from 6.09% in the prior year period.”

Macroeconomic uncertainty

“Ongoing macroeconomic conditions, such as changes in interest rates and inflation, volatility in capital markets, global trade issues, geopolitical tensions, foreign currency exchange rate fluctuations, and other similar factors, could have impacts on our results that are uncertain and, in many respects, outside our control.” · word for word

High leverage: net leverage ratio 2.76x, net secured leverage 1.69x

“SS&C’s consolidated net leverage ratio as defined in our credit agreement stood at 2.76 times consolidated EBITDA as of March 31, 2026.” · word for word

Key man risk / CEO concentration

“William C. Stone 35,525,997 shares beneficially owned, 14.6% of class. Stockholders Agreement entitles Mr. Stone to nominate two directors, one of whom shall be Mr. Stone for so long as he is our Chief Executive Officer.”

Related party transactions

“Mr. William C. Stone, our Chairman of the Board of Directors and Chief Executive Officer, has an economic interest in SILAC and is a member of its board of directors. For the year ended December 31, 2025, we generated $0.8 million in revenue under the Contracts.” · word for word

Family employment / governance risk

“Robert S. Stone, the son of our Chief Executive Officer, is employed by SS&C as Senior Vice President and General Manager of SS&C Intelligent Automation and Analytics. From January 1, 2025 through December 31, 2025, Mr. Stone was paid $3,731,360 as salary, grant date fair value of stock awards and other compensation related to his employment at SS&C.” · word for word

Market dependence

“Our revenues may decrease due to declines in the levels of participation and activity in the securities markets.” · word for word

Client consolidation

“If banks, asset management and other financial services firms fail or consolidate, there could be declines in demand for our products and services.” · word for word

Cybersecurity

“We face direct and indirect (through our third-party service providers) risks from cyber-attacks, breaches of digital security, IT system failures, disruptions to IT systems and network disruptions that could adversely affect our reputation and our business.” · word for word

International operations

“We have substantial operations and a significant number of employees in India and we are therefore subject to regulatory, economic and political uncertainties in India.” · word for word

High indebtedness

“Our substantial indebtedness could adversely affect our financial health and operations.” · word for word

GAAP net income declined 22.2% in Q4 2025 due to higher non-cash charges, potentially masking underlying profitability.

“GAAP net income attributable to SS&C of $193.1 million for Q4 2025, down 22.2%.” · word for word

High leverage (2.8x net) and $7.5B debt could constrain financial flexibility if interest rates remain elevated.

“Net leverage ratio 2.80x; gross debt $7,473.2M.”

Interest rate exposure on debt

“We had an average interest rate of 6.20% and 6.14% for the three and nine months ended September 30, 2025, respectively, compared to 6.78% and 6.81% for the three and nine months ended September 30, 2024, respectively.” · word for word

Equity investment impairment

“The equity in earnings of unconsolidated affiliates, net in 2025 is primarily related to adjustments of $(11.5) million and $(11.4) million for the three and nine months ended September 30, 2025, respectively, to decrease the carrying value of one of our investments.” · word for word