Verisk Analytics (VRSK) Q4 FY2025 earnings: revenue $779 million, up 5.9% on the year

Verisk Analytics, Inc. (VRSK) reported revenue of $779 million for Q4 FY2025, the quarter ended 31 December 2025, up 5.9% on the same quarter a year earlier. Net income was $197 million, down 6.3% on the year, and diluted earnings per share $1.42. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2026.

Revenue

$779 million

+5.9% on the year · +1.4% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

40.3%

43.0% a year earlier

Q1 FY2024Q4 FY2025

Net income

$197 million

-6.3% on the year · -12.5% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$1.42

-4.7% on the year · -11.8% on the quarter

Q1 FY2024Q4 FY2025

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 10 new.

Revenue rose 5.9% in quarter: Fourth-quarter revenue was $779 million, up 5.9% reported and 5.2% on an OCC basis. Full-year revenue was $3,073 million, up 6.6%, with OCC growth also 6.6%.
Adjusted EBITDA rose 9.8% in quarter: Fourth-quarter adjusted EBITDA was $437 million, up 9.8%, or 6.2% on an OCC basis. Full-year adjusted EBITDA was $1,727 million, up 9.6%, or 8.5% on an OCC basis.
Underwriting drove quarterly growth: Underwriting revenue was $556 million in the fourth quarter, up 8.7% reported and 7.2% on an OCC basis. Life and specialty business solutions also contributed.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	779	768	736	+1.4%	+5.9%
Cost of revenue	236	230	230	+2.7%	+2.3%
Gross profit	543	539	505	+0.8%	+7.5%
Gross margin	69.7%	70.1%	68.7%
Selling, general and administrative	132	111	100	+19.5%	+31.8%
Operating income	314	346	316	-9.3%	-0.9%
Operating margin	40.3%	45.0%	43.0%
Interest expense	56.9	42.2	34.5	+34.8%	+64.9%
Pre-tax income	245	302	275	-18.9%	-11.0%
Income tax	47.7	76.6	71.6	-37.7%	-33.4%
Effective tax rate	19.5%	25.4%	26.0%
Net income	197	226	210	-12.5%	-6.3%
Net margin	25.3%	29.4%	28.6%
Diluted EPS	$1.42	$1.61	$1.49	-11.8%	-4.7%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	343	404	264	-14.9%	+30.1%
Capital expenditure	67.2	67.4	55.4	-0.3%	+21.3%
Free cash flow	276	336	208	-17.9%	+32.4%
Free cash flow margin	35.5%	43.7%	28.3%
Cash from investing	14.8	-234	-48.4
Cash from financing	-284	1,305	-379
Depreciation and amortisation	61.8	64.0	59.1	-3.4%	+4.6%
Share-based compensation	12.4	12.1	10.7	+2.5%	+15.9%
Buybacks	254	100	368	+153.5%	-30.9%
Dividends paid	62.5	62.6	54.7	-0.2%	+14.3%
Dividend per share	$0.45	$0.45	$0.39	0.0%	+15.4%
Diluted shares, weighted	139m	140m	142m	-0.6%	-1.8%
Shares outstanding at period end	138m	139m	140m	-0.7%	-1.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	309	377	100	-18.0%	+208.7%
Non-controlling interest	0.8	0.8	4.9	0.0%	-83.7%
Debt	4,737	4,718	3,091	+0.4%	+53.2%
Operating lease liabilities	137	144	159	-4.9%	-13.7%
Finance lease liabilities	14.7	16.1	26.9	-8.7%	-45.4%
Other liabilities	997	986	883	+1.1%	+12.9%
Total liabilities and equity	6,196	6,242	4,265	-0.7%	+45.3%
Goodwill	1,878	1,879	1,727	-0.0%	+8.8%
Intangible assets	347	448	392	-22.6%	-11.7%
Cash and equivalents	2,178	2,108	291	+3.3%	+648.0%
Receivables	422	437	434	-3.3%	-2.8%
Other assets	1,370	1,371	1,420	-0.1%	-3.5%
Total assets	6,196	6,242	4,265	-0.7%	+45.3%

Questions

What was Verisk Analytics' revenue in Q4 FY2025?

Verisk Analytics (VRSK) reported revenue of $779 million for Q4 FY2025, the quarter ended 31 December 2025, up 5.9% on the same quarter a year earlier.

How much did Verisk Analytics earn in Q4 FY2025?

Net income for Q4 FY2025 was $197 million, down 6.3% on the year, and diluted earnings per share $1.42.

When did Verisk Analytics report Q4 FY2025 results?

Verisk Analytics filed its 10-K for the year that ended with the quarter on 18 February 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q3 FY2021	Q1 FY2022 †	Q2 FY2022 †	Q3 FY2022 †	Q4 FY2022 * †	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	759	644	613	610	630	652	675	678	677	704	717	725	736	753	773	768	779	783	806	809
Cost of revenue	265	229	196	195	205	216	217	217	226	228	219	223	230	231	230	230	236	237	233	242
Gross profit	494	415	417	415	425	435	458	460	451	476	497	502	505	522	543	539	543	546	573	567
Gross margin	65%	64%	68%	68%	67%	67%	68%	68%	67%	68%	69%	69%	69%	69%	70%	70%	70%	70%	71%	70%
SG&A	115	108	96.3	96.5	80.8	79.0	86.8	112	114	92.9	102	114	100	109	106	111	132	110	129	118
Operating income	289	623	248	254	282	294	306	281	250	307	319	312	316	330	354	346	314	352	364	365
Operating margin	38%	97%	40%	42%	45%	45%	45%	41%	37%	44%	44%	43%	43%	44%	46%	45%	40%	45%	45%	45%
Interest expense	29.9	31.3	31.9	34.4	41.2	26.4	31.6	29.4	28.1	28.9	29.1	32.1	34.5	36.3	35.5	42.2	56.9	43.2	52.8	53.0
Pre-tax income	259	590	215	219	239	267	268	250	243	275	393	285	275	296	328	302	245	308	303	295
Tax rate	21%	17%	19%	24%	10%	27%	24%	25%	25%	20%	22%	23%	26%	22%	23%	25%	19%	24%	25%	26%
Net income	202	506	198	189	61.1	56.3	197	187	174	220	308	220	210	232	253	226	197	234	229	219
Net margin	27%	79%	32%	31%	10%	9%	29%	28%	26%	31%	43%	30%	29%	31%	33%	29%	25%	30%	28%	27%
Diluted EPS	$1.24	$3.13	$1.24	$1.20	$0.39	$0.37	$1.35	$1.29	$1.20	$1.52	$2.15	$1.54	$1.49	$1.65	$1.81	$1.61	$1.42	$1.73	$1.75	$1.70
Operating cash flow	285	400	130	280	249	365	193	250	252	372	212	296	264	445	244	404	343	390	366	267
Capital expenditure	61.4	60.0	69.2	65.8	79.7	61.2	58.2	54.3	56.3	55.2	57.8	55.5	55.4	53.7	55.8	67.4	67.2	64.0	68.1	67.2
Free cash flow	224	340	61.0	214	169	304	135	196	196	317	154	241	208	391	189	336	276	326	298	200
Buybacks	150	571	325	300	466	2,000	0.0	49.8	712	170	128	340	368	170	100	100	254	1,402	170	100
Dividends paid	46.8	49.4	98.6	48.6	48.0	49.2	49.5	49.2	48.9	55.8	55.5	55.3	54.7	63.0	63.0	62.6	62.5	65.5	65.4	64.1
Shares outstanding	161m	159m	158m	157m	155m	145m	145m	145m	143m	143m	142m	141m	140m	140m	140m	139m	138m	131m	130m	128m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2025, filed 18 February 2026: the filing.