Verisk Analytics (VRSK) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $809M, up 5.3% reported and 7.4% OCC; OCC growth accelerated from 5.8% in Q2.

• Adjusted EBITDA was $459M, up 7.5% OCC, with a 56.7% margin; diluted adjusted EPS rose 14% to $1.96.

• FY2026 guidance was maintained, with results expected toward the midpoint of the ranges.

Financial highlights

• Net income fell 2.8% to $219.2M; operating income rose 5.6% to $365.3M, and diluted GAAP EPS increased 5.6% to $1.70.

• Adjusted net income was $253.8M versus $240.9M; diluted weighted-average shares declined to 129.2M from 139.9M.

• Operating cash flow fell 33.8% to $267M and free cash flow declined 40.5% to $200M, reflecting cash tax and interest timing, collections and working-capital movements.

• Q3 investment loss was $17.5M versus $1.6M a year earlier; higher investment losses and net interest expense weighed on net income.

Outlook and guidance

• FY2026 revenue guidance remains $3.19B–$3.24B; adjusted EBITDA $1.79B–$1.83B and adjusted EBITDA margin 56.0%–56.5%.

• FY2026 diluted adjusted EPS guidance remains $7.45–$7.75; interest expense is expected at $190M–$200M and the tax rate at 23%–26%.

• Guidance includes capital expenditures of $260M–$280M and a $2.00 per-share dividend for FY2026.