SS&C Technologies J.P. Morgan TMC Conference Takeaways - ALERT

Research evidence excerpt

SS&C Technologies J.P. Morgan TMC Conference Takeaways - ALERT

J P M O R G A N North America Equity Research

18 May 2026

SS&C Technologies Neutral

SSNC, SSNC US

J.P. Morgan TMC Conference Takeaways - ALERT Price (18 May 26):$67.22

Vertical SaaS & HealthTech

Alexei Gogolev AC

(1-212) 622-9391

We hosted a fireside chat with SS&C Technologies (SSNC – Neutral)’s Brian alexei.gogolev@jpmorgan.com

Schell (CFO) at our 54th annual J.P. Morgan Global TMC Conference. Our key Isabella A Camaj

takeaways include: (1-212) 834-2379

bella.camaj@jpmorgan.com

• Durability of the organic growth engine and revenue quality/ Ella Smith

predictability. Management emphasized that the organic growth algorithm is (1-212) 622-2451

ella.smith@jpmchase.com

being driven primarily by share-of-wallet expansion (clients taking more

Destiny Jackson services over time) and cross-sell across SS&C’s portfolio, complemented by

(1-212) 622-4360

new logo wins and pipeline conversion. CFO noted that pricing is evaluated, destiny.jackson@jpmorgan.com

but maintained it is not the primary driver of recent organic growth J.P. Morgan Securities LLC

acceleration. On revenue quality and predictability, management reiterated a

preference for recurring revenue given the stability it provides, but emphasized

that SS&C will still take on project-like / transactional work when it serves as

an entry point to longer-duration, more permanent service relationships.

Management also highlighted renewal timing and contract duration as an

important internal monitoring item given renewals can create quarter-to-

quarter lumpiness in certain businesses. CFO suggested that incremental

growth in net revenue retention is most likely to come from attaching more