Verisk Analytics, Inc. (VRSK) · Nov 5, 2026 · Earnings

Verisk earnings beat estimates as cash flow plunges

Beat — Adj. EPS $1.96 vs ~$1.92 consensus

Verisk’s third-quarter earnings narrowly beat consensus and full-year guidance held, but sharply lower cash flow and heavier debt temper the result.

Verisk is a recurring-revenue insurance data and analytics provider trying to return to its Investor Day growth path through subscription expansion, AI-enabled products, proprietary data, and ecosystem connectivity. Its 2026 framework calls for roughly $3.19–$3.24 billion of revenue and $7.45–$7.75 of diluted adjusted EPS, while its longer-term plan emphasizes compounding growth and margin expansion.

The quarter beat a modest market bar, but not by enough to rewrite the story. Adjusted EPS of $1.96 topped the published consensus near $1.92, while revenue of $809 million exceeded the roughly $805.9 million estimate. The underlying business was better than the headline revenue growth suggests: organic constant-currency revenue accelerated to 7.4% from 5.8% in the second quarter, led by 8.2% subscription growth, which is the most important proof point for Verisk’s recurring-revenue strategy. 〔0〕

Q3 2026Q3 2025Consensus
Revenue (Financial Highlights)$809M (+5.3%)$768.3M$805.9M
Diluted adjusted EPS (Financial Highlights)$1.96 (+14.0%)$1.72$1.92
Net income (Financial Highlights)$219.2M (-2.8%)$225.5M
Operating cash flow (Cash Flow statement)$267.2M (-33.8%)$403.5M
Free cash flow (Financial Highlights)$200M (-40.5%)

The quality of the beat is mixed because cash conversion weakened materially. Net income fell and operating cash flow dropped by one-third, with management attributing the decline to collection timing, higher interest payments, and a nonrecurring prior-year tax refund. 〔1〕 That does not appear to be an operating-growth failure, but it matters because Verisk is simultaneously funding high capital spending, servicing more debt, and returning substantial capital through repurchases.

Buybacks amplified EPS growth while increasing the balance-sheet tradeoff. The company repurchased $100 million of stock in the quarter and had $700 million left under its authorization; year-to-date repurchases reached $1.9 billion. 〔2〕 That helped adjusted EPS grow 14%, but cash fell to $556.8 million while long-term debt rose to $4.23 billion from $3.23 billion at year-end (Balance Sheet). The capital-return program is therefore supportive of per-share results, but less cleanly funded by current-quarter cash generation than the headline EPS growth implies.

Guidance was maintained, not raised. Verisk kept its full-year 2026 outlook at $3.19–$3.24 billion of revenue and $7.45–$7.75 of adjusted EPS, consistent with the prior quarter’s framework. That makes the quarter an execution confirmation with a small upside surprise, rather than evidence that the company’s growth trajectory has materially reset higher.

Bottom line: Verisk is back to healthier organic growth and narrowly cleared expectations, but the result is only modestly better than anticipated. The business story improves slightly; the sharp cash-flow decline and heavier leverage keep this from being a clean, high-conviction beat.

Original filing on SEC EDGAR

More Verisk Analytics, Inc. news

Verisk earnings beat estimates as cash flow plunges | VRSK Stock News
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