10-Q · July 29, 2026
Verisk delivered Q2 revenue of $806.3 million, up 4.3% year over year and approximately 3.0% sequentially from $783 million in Q1, while gross margin improved to 71.1%. Operating margin was broadly stable sequentially…
Earnings analysis · 10-Q
VRSK earnings analysis
Filed November 5, 2026 · Our reading of the company's report
The latest report
Verisk delivered $809 million of third-quarter revenue, approximately $2.7 million above consensus, while adjusted EPS rose 14.0% to $1.96. However, GAAP EPS of $1.70 missed the $1.92 estimate and free cash flow…
Read full summary
Verisk delivered $809 million of third-quarter revenue, approximately $2.7 million above consensus, while adjusted EPS rose 14.0% to $1.96. However, GAAP EPS of $1.70 missed the $1.92 estimate and free cash flow declined 40.5%, tempering the favorable subscription and OCC trends. Management maintained its full-year 2026 revenue and adjusted EPS outlook, and the filing reported no material change to the risk factors in the 2025 10-K.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.7
- Segment
- OCC: growth was identified by management, but segment revenue and growth percentages were not disclosed in the provided filing text.
What stood out
-
Revenue modestly exceeded consensus
Third-quarter revenue was $809 million, approximately $2.7 million above the $806.3 million consensus estimate and up from $806 million in the prior quarter and $768 million a year earlier.
-
Adjusted EPS growth remained strong
Adjusted EPS was $1.96, up 14.0% year over year, although GAAP diluted EPS was $1.70 versus the $1.92 consensus estimate.
-
Full-year outlook maintained
Management maintained full-year 2026 revenue guidance of $3,190 million to $3,240 million and adjusted EPS guidance of $7.45 to $7.75.
-
Share repurchases continued
The company repurchased 1,972,773 shares during the quarter, including a $100.0 million September ASR, and had $700.0 million of authorization remaining at September 30, 2026.
-
Subscription growth accelerated
Management identified strong OCC growth and accelerating subscription-led organic growth as key operating positives during the quarter.
What to watch
-
GAAP earnings trailed expectations
GAAP diluted EPS of $1.70 was $0.22 below the $1.92 consensus estimate, despite adjusted EPS of $1.96, reflecting pressure from investment losses and interest expense.
-
Cash flow conversion weakened
Free cash flow declined 40.5% from the prior-year period, indicating materially weaker cash conversion even as revenue increased to $809 million.
-
Large ongoing capital return program
The company had $700.0 million of remaining repurchase authorization after purchasing 1,972,773 shares in the quarter, representing continued deployment of capital that could otherwise support liquidity or investment.
-
No new risk-factor changes
The filing states there was no material change to the risk factors disclosed in the 2025 10-K; therefore, no new material risk-factor update was identified in Item 1A.
Management's outlook
Management maintained its full-year 2026 outlook: revenue of $3,190 million to $3,240 million, adjusted EPS of $7.45 to $7.75, adjusted EBITDA of $1,790 million to $1,830 million, and adjusted EBITDA margin of 56.0% to 56.5%.
Earlier filings 4
10-Q · April 29, 2026
Verisk Analytics reported Q1 2026 revenues of $782.6 million, representing a 3.9% increase from the prior year and slightly above consensus estimates of $773 million. Diluted EPS at $1.73 marginally missed expectations…
10-K · February 18, 2026
Verisk positions itself as a data-and-analytics moat for the P&C insurance ecosystem, emphasizing proprietary data assets, embedded subscription solutions and scale to drive product innovation. The 2025 filing…
10-K · February 26, 2025
Verisk Analytics reported strong growth in 2024 with total revenue reaching approximately $2.9 billion, an increase of about 7.4% from the previous year. The company also noted improvements in its operating efficiency…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.