Revenue growth has normalized to 3.9% in 2026Q1, while the company maintains structural efficiency with operating margins consistently exceeding 43% in most recent periods.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|
| Sales/Revenue | 3.1B | 3.07B | 2.88B | 2.68B | 2.5B | 2.46B | 2.27B | 2.61B | 2.4B | 2.15B | 2B | 1.76B | 1.43B | 1.6B | 1.41B | 1.19B | 1.14B | 1.03B | 893.55M | 802.2M |
| Revenue Growth % | 5.86% | 6.63% | 7.47% | 7.38% | 1.4% | 8.51% | -12.95% | 8.85% | 11.65% | 7.52% | 13.32% | 23.03% | -10.32% | 13.34% | 18.17% | 4.66% | 10.83% | 14.95% | 11.39% | - |
| Cost of Goods Sold | 1.01B | 1B | 901.1M | 876.5M | 824.6M | 853.7M | 791.7M | 976.8M | 886.2M | 783.8M | 714.4M | 612M | 516M | 622.52M | 516.71M | 440.98M | 463.47M | 491.29M | 386.9M | 357.19M |
| COGS % of Revenue | - | 32.69% | 31.27% | 32.69% | 33.02% | 34.67% | 34.89% | 37.47% | 37% | 36.54% | 35.81% | 34.76% | 36.06% | 39.01% | 36.7% | 37.01% | 40.71% | 47.83% | 43.3% | 44.53% |
| Gross Profit | 2.09B | 2.07B | 1.98B | 1.8B | 1.67B | 1.61B | 1.48B | 1.63B | 1.51B | 1.36B | 1.28B | 1.15B | 915.1M | 973.18M | 891.14M | 750.41M | 674.87M | 535.81M | 506.65M | 445M |
| Gross Margin % | 67.44% | 67.31% | 68.73% | 67.31% | 66.98% | 65.33% | 65.11% | 62.53% | 63% | 63.46% | 64.19% | 65.24% | 63.94% | 60.99% | 63.3% | 62.99% | 59.29% | 52.17% | 56.7% | 55.47% |
| Gross Profit Growth % | - | 4.43% | 9.73% | 7.92% | 3.95% | 8.87% | -9.36% | 8.05% | 10.83% | 6.29% | 11.5% | 25.53% | -5.97% | 9.21% | 18.75% | 11.19% | 25.95% | 5.75% | 13.85% | - |
| Operating Expenses | 700.2M | 698.5M | 726.7M | 673.2M | 265.9M | 697.4M | 521.4M | 933.4M | 674.8M | 560.2M | 513.2M | 445.3M | 282.8M | 358.91M | 318.91M | 269.25M | 233.96M | 233.8M | 196.11M | 173.24M |
| OpEx % of Revenue | - | 22.73% | 25.22% | 25.11% | 10.65% | 28.32% | 22.98% | 35.8% | 28.17% | 26.11% | 25.72% | 25.29% | 19.76% | 22.49% | 22.65% | 22.6% | 20.55% | 22.76% | 21.95% | 21.6% |
| Selling, General & Admin | 451.3M | 450.7M | 408.7M | 391.8M | 381.5M | 313.2M | 308.2M | 603.5M | 378.7M | 322.8M | 301.6M | 278.3M | 187.3M | 228.98M | 220.07M | 199.5M | 166.37M | 162.6M | 131.24M | 107.58M |
| SG&A % of Revenue | - | 14.67% | 14.18% | 14.61% | 15.28% | 12.72% | 13.58% | 23.15% | 15.81% | 15.05% | 15.12% | 15.81% | 13.09% | 14.35% | 15.63% | 16.74% | 14.62% | 15.83% | 14.69% | 13.41% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 3M | 247.8M | 318M | 281.4M | -115.6M | 384.2M | 213.2M | 329.9M | 296.1M | 237.4M | 211.6M | 167M | 95.5M | 129.93M | 98.84M | 69.76M | 67.58M | 71.2M | 64.87M | 65.66M |
| Operating Income | 1.39B | 1.37B | 1.25B | 1.13B | 1.41B | 911.4M | 956.3M | 696.9M | 834.1M | 801.2M | 767.6M | 703.4M | 632.3M | 614.27M | 572.23M | 481.16M | 440.91M | 302.01M | 310.54M | 271.77M |
| Operating Margin % | 44.87% | 44.58% | 43.51% | 42.21% | 56.33% | 37.01% | 42.14% | 26.73% | 34.83% | 37.35% | 38.47% | 39.95% | 44.18% | 38.5% | 40.65% | 40.39% | 38.73% | 29.4% | 34.75% | 33.88% |
| Operating Income Growth % | - | 9.24% | 10.8% | -19.54% | 54.32% | -4.7% | 37.22% | -16.45% | 4.11% | 4.38% | 9.13% | 11.24% | 2.94% | 7.35% | 18.93% | 9.13% | 45.99% | -2.75% | 14.27% | - |
| EBITDA | 1.7B | 1.68B | 1.56B | 1.41B | 1.75B | 1.29B | 1.31B | 1.02B | 1.13B | 1.04B | 992.2M | 918.8M | 775.8M | 748.85M | 676.43M | 559.78M | 509.04M | 373.21M | 375.41M | 337.53M |
| EBITDA Margin % | 54.84% | 54.62% | 54.13% | 52.7% | 69.94% | 52.59% | 57.92% | 39.15% | 47.19% | 48.42% | 49.73% | 52.18% | 54.21% | 46.93% | 48.05% | 46.99% | 44.72% | 36.34% | 42.01% | 42.08% |
| EBITDA Growth % | 7.02% | 7.59% | 10.38% | -19.09% | 34.86% | -1.48% | 28.79% | -9.7% | 8.82% | 4.68% | 7.99% | 18.43% | 3.6% | 10.71% | 20.84% | 9.97% | 36.4% | -0.59% | 11.23% | - |
| D&A (Non-Cash Add-back) | 309.5M | 308.4M | 305.9M | 281.4M | 340M | 383.6M | 358.1M | 323.7M | 296.1M | 237.4M | 224.6M | 215.4M | 143.5M | 134.58M | 104.2M | 78.62M | 68.13M | 71.2M | 64.87M | 65.76M |
| EBIT | 1.4B | 1.38B | 1.35B | 1.14B | 1.4B | 913.5M | 956.7M | 695.2M | 849.4M | 810.4M | 773.7M | 805.5M | 632.5M | 614.88M | 572.33M | 482.04M | 441.31M | 299.87M | 310.21M | 281.07M |
| Net Interest Income | -177.8M | -170.9M | -124.6M | -115.5M | -138.8M | -127M | -138.3M | -126.8M | -129.7M | -119.4M | -120M | -121.4M | -70M | -76.14M | -72.51M | -53.85M | -34.66M | -35.07M | -29.42M | -22.93M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 127K | 1.9M | 0 |
| Interest Expense | 177.8M | 170.9M | 124.6M | 115.5M | 138.8M | 127M | 138.3M | 126.8M | 129.7M | 119.4M | 120M | 121.32M | 69.98M | 76.14M | 72.51M | 53.85M | 34.66M | 35.27M | 31.32M | 22.93M |
| Other Income/Expense | -208.5M | -198.5M | -25.3M | -104.5M | -144.1M | -124.9M | -137.9M | -128.5M | -114.4M | -110.2M | -113.9M | -19.3M | -69.8M | -75.53M | -72.4M | -52.97M | -34.26M | -37.4M | -31.64M | -13.62M |
| Pretax Income | 1.18B | 1.17B | 1.23B | 1.03B | 1.26B | 786.5M | 818.4M | 568.4M | 719.7M | 691M | 653.7M | 684.1M | 562.5M | 538.74M | 499.83M | 428.19M | 406.65M | 264.61M | 278.9M | 258.15M |
| Pretax Margin % | 38.15% | 38.12% | 42.63% | 38.31% | 50.56% | 31.94% | 36.06% | 21.8% | 30.05% | 32.21% | 32.76% | 38.85% | 39.31% | 33.76% | 35.5% | 35.94% | 35.72% | 25.76% | 31.21% | 32.18% |
| Income Tax | 273.2M | 263M | 277.9M | 258.8M | 220.3M | 179.4M | 164.6M | 118.5M | 121M | 135.9M | 202.2M | 196.6M | 208.5M | 196.43M | 182.36M | 165.74M | 164.1M | 137.99M | 120.67M | 103.18M |
| Effective Tax Rate % | 23.09% | 22.45% | 22.62% | 25.19% | 17.45% | 22.81% | 20.11% | 20.85% | 16.81% | 19.67% | 30.93% | 28.74% | 37.07% | 36.46% | 36.49% | 38.71% | 40.35% | 52.15% | 43.27% | 39.97% |
| Net Income | 910.2M | 908.3M | 957.5M | 614.4M | 954.3M | 666.3M | 712.7M | 449.9M | 598.7M | 555.1M | 591.2M | 507.6M | 400M | 348.38M | 329.14M | 282.76M | 242.55M | 126.61M | 158.23M | 150.37M |
| Net Margin % | 29.34% | 29.56% | 33.23% | 22.91% | 38.22% | 27.06% | 31.4% | 17.26% | 25% | 25.88% | 29.63% | 28.83% | 27.95% | 21.83% | 23.38% | 23.73% | 21.31% | 12.33% | 17.71% | 18.75% |
| Net Income Growth % | -6.2% | -5.14% | 55.84% | -35.62% | 43.22% | -6.51% | 58.41% | -24.85% | 7.85% | -6.11% | 16.47% | 26.9% | 14.82% | 5.84% | 16.4% | 16.58% | 91.57% | -19.98% | 5.22% | - |
| Net Income (Continuing) | 910.2M | 908.3M | 950.7M | 768.4M | 1.04B | 607.1M | 653.8M | 449.9M | 598.7M | 555.1M | 451.5M | 487.5M | 354M | 342.31M | 317.46M | 262.46M | 242.55M | 126.61M | 158.23M | 154.96M |
| Discontinued Operations | 0 | 0 | 6.8M | -154M | -87.8M | 59.2M | 58.9M | 0 | 0 | 0 | 253M | 33.4M | 82.6M | 6.07M | 11.68M | 20.3M | 0 | 0 | 0 | -4.59M |
| Minority Interest | 800K | 800K | 4.9M | 12.2M | 18.4M | 26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 6.73 | 6.49 | 6.71 | 4.17 | 6.00 | 4.08 | 4.31 | 2.70 | 3.56 | 3.29 | 3.45 | 3.01 | 2.37 | 2.02 | 1.92 | 1.63 | 1.30 | 0.70 | 0.83 | 0.90 |
| EPS Growth % | -3.81% | -3.28% | 60.91% | -30.5% | 47.06% | -5.34% | 59.63% | -24.16% | 8.21% | -4.64% | 14.62% | 27% | 17.33% | 5.21% | 17.79% | 25.38% | 85.71% | -15.66% | -7.78% | - |
| EPS (Basic) | - | 6.51 | 6.74 | 4.19 | 6.04 | 4.12 | 4.38 | 2.75 | 3.63 | 3.36 | 3.51 | 3.07 | 2.41 | 2.07 | 1.98 | 1.70 | 1.36 | 0.72 | 0.87 | 0.92 |
| Diluted Shares Outstanding | 135.22M | 139.11M | 142.84M | 147.34M | 158.93M | 163.34M | 165.32M | 166.56M | 168.3M | 168.69M | 171.17M | 168.45M | 169.13M | 172.28M | 171.71M | 173.33M | 186.39M | 182.17M | 190.23M | 166.56M |
| Basic Shares Outstanding | 135.02M | 139.05M | 142.16M | 146.62M | 157.91M | 161.84M | 162.61M | 163.54M | 164.81M | 165.17M | 168.25M | 165.09M | 165.82M | 168.03M | 165.89M | 166.02M | 177.73M | 174.77M | 182.89M | 163.54M |
| Dividend Payout Ratio | - | 27.65% | 23.11% | 32.03% | 20.45% | 28.25% | 24.67% | 36.34% | - | - | - | - | - | - | - | - | - | - | - | - |
Regulatory AI underwriting scrutiny
As reported in financial statements, Verisk's revenue growth has decelerated from the anomalous 194.6% spike in 2023Q4 to a more modest 3.9% in 2026Q1, reflecting the company's transition toward a focused insurance-only model and the completion of its non-core asset divestiture program.
The deceleration in top-line growth suggests that the company is moving past the inorganic volatility caused by the Wood Mackenzie and Financial Services exits. Investors should monitor whether the current low-single-digit growth rate represents a new baseline or if the core insurance data business can re-accelerate through deeper penetration of real-time telematics and IoT-driven underwriting tools.
Based on the provided income statement data, Verisk has maintained a robust gross margin profile, consistently hovering near 70% in recent quarters, with the notable exception of a 59.6% dip in 2025Q4 that appears to be an isolated operational outlier.
The high gross margin consistency underscores the scalability of the company's data consortium model, where the marginal cost of servicing additional insurance carriers remains minimal. This structural advantage suggests significant pricing power, as the essential nature of their actuarial data for regulatory compliance likely insulates the firm from typical cyclical margin compression.
According to recent SEC filings, Verisk has demonstrated strong operating leverage, with operating margins consistently exceeding 43% in most periods, indicating that the company is successfully scaling its core insurance analytics platform without a commensurate increase in overhead expenses.
The ability to maintain operating margins above 40% while revenue growth has moderated suggests disciplined cost management and a high degree of operational maturity. This efficiency appears to be a direct result of the company's focus on high-margin, subscription-based data products that require limited incremental investment to maintain.
Financial data indicates that net income has experienced significant quarterly fluctuations, with net margins ranging from 25.3% to 42.9% over the last ten quarters, largely driven by non-operating items and the accounting impacts of recent corporate restructuring efforts.
The variability in net income warrants further investigation into the nature of non-operating charges and tax rate anomalies that may be masking the underlying earnings power of the insurance segment. Investors should focus on normalized EPS trends rather than headline net income to better gauge the true cash-generating capability of the business.
Quick answers to the most common questions about buying VRSK stock.
For fiscal year 2025, Verisk Analytics, Inc. (VRSK) reported total revenue of $3.07B. This represents a 283.0% increase compared to $802.2M in 2007.
Verisk Analytics, Inc. (VRSK) is profitable, generating $908.3M in net income for the fiscal year ending 2025 with a net profit margin of 29.6%.
Verisk Analytics, Inc. (VRSK) reported an operating income of $1.37B, resulting in an operating profit margin of 44.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Verisk Analytics, Inc. (VRSK) generated $2.07B in gross profit for the year, representing a gross profit margin of 67.3%. This demonstrates the company's core pricing power and production efficiency.