Verisk Analytics (VRSK) Q1 FY2026 earnings: revenue $783 million, up 3.9% on the year

Verisk Analytics, Inc. (VRSK) reported revenue of $783 million for Q1 FY2026, the quarter ended 31 March 2026, up 3.9% on the same quarter a year earlier. Net income was $234 million, up 0.8% on the year, and diluted earnings per share $1.73. The figures are the company's own, from the 10-Q it filed with the SEC on 29 April 2026.

Revenue

$783 million

+3.9% on the year · +0.5% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

45.0%

43.8% a year earlier

Q2 FY2024Q1 FY2026

Net income

$234 million

+0.8% on the year · +18.8% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$1.73

+4.8% on the year · +21.8% on the quarter

Q2 FY2024Q1 FY2026

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

What management said

Guidance figures: 10 kept.

Revenue and net income both grew: Revenue was $783 million, up 3.9% reported and 4.7% on an organic constant currency basis. Net income was $234 million, up 0.8%.
Underwriting revenue up 5.3% on OCC: Underwriting revenue was $552 million, up 3.8% reported and 5.3% on an OCC basis, compared with $532 million a year earlier.
Adjusted EBITDA margin rose to 55.9%: Adjusted EBITDA was $438 million, up 5.0% reported and 5.9% on an OCC basis. Margin was 55.9% against 55.3% a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	783	779	753	+0.5%	+3.9%
Cost of revenue	237	236	231	+0.4%	+2.5%
Gross profit	546	543	522	+0.5%	+4.6%
Gross margin	69.8%	69.7%	69.3%
Selling, general and administrative	110	132	109	-17.2%	+0.6%
Operating income	352	314	330	+12.3%	+6.7%
Operating margin	45.0%	40.3%	43.8%
Interest expense	43.2	56.9	36.3	-24.1%	+19.0%
Pre-tax income	308	245	296	+26.0%	+4.1%
Income tax	74.3	47.7	64.1	+55.8%	+15.9%
Effective tax rate	24.1%	19.5%	21.6%
Net income	234	197	232	+18.8%	+0.8%
Net margin	29.9%	25.3%	30.8%
Diluted EPS	$1.73	$1.42	$1.65	+21.8%	+4.8%

$ 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	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	390	343	445	+13.7%	-12.2%
Capital expenditure	64.0	67.2	53.7	-4.8%	+19.2%
Free cash flow	326	276	391	+18.2%	-16.5%
Free cash flow margin	41.7%	35.5%	51.9%
Cash from investing	-64.4	14.8	-57.8
Cash from financing	-1,978	-284	433
Depreciation and amortisation	69.9	61.8	67.4	+13.1%	+3.7%
Share-based compensation	18.4	12.4	15.6	+48.4%	+17.9%
Buybacks	1,402	254	170	+452.3%	+724.1%
Dividends paid	65.5	62.5	63.0	+4.8%	+4.0%
Dividend per share	$0.50	$0.45	$0.45	+11.1%	+11.1%
Diluted shares, weighted	135m	139m	141m	-2.8%	-4.1%
Shares outstanding at period end	131m	138m	140m	-5.3%	-6.4%

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	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	-1,168	309	123
Non-controlling interest	0.8	0.8	0.8	0.0%	0.0%
Debt	4,476	4,737	3,752	-5.5%	+19.3%
Operating lease liabilities	125	137	154	-8.9%	-18.9%
Finance lease liabilities	12.3	14.7	21.9	-16.3%	-43.8%
Other liabilities	1,153	997	1,070	+15.6%	+7.7%
Total liabilities and equity	4,598	6,196	5,122	-25.8%	-10.2%
Goodwill	1,863	1,878	1,749	-0.8%	+6.5%
Intangible assets	329	347	382	-5.1%	-13.8%
Cash and equivalents	524	2,178	1,112	-75.9%	-52.8%
Receivables	554	422	564	+31.3%	-1.8%
Other assets	1,328	1,370	1,315	-3.1%	+0.9%
Total assets	4,598	6,196	5,122	-25.8%	-10.2%

Questions

What was Verisk Analytics' revenue in Q1 FY2026?

Verisk Analytics (VRSK) reported revenue of $783 million for Q1 FY2026, the quarter ended 31 March 2026, up 3.9% on the same quarter a year earlier.

How much did Verisk Analytics earn in Q1 FY2026?

Net income for Q1 FY2026 was $234 million, up 0.8% on the year, and diluted earnings per share $1.73.

When did Verisk Analytics report Q1 FY2026 results?

Verisk Analytics filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 29 April 2026.

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-Q for the period ended 31 March 2026, filed 29 April 2026: the filing.