01—Abstract
Summary
Summary of the 8-K filed July 29, 2026. Cited figures are marked; the original filing is the authoritative source.
Verisk Analytics, Inc. reported second-quarter 2026 results in a press release dated July 29, 2026, furnished as Exhibit 99.1 to this Form 8-K.
Revenue was $806.3 milliona, up 4.3% as reported and up 5.8% on an organic constant currency basis, with underwriting revenue up 3.5% (5.6% OCC) and claims revenue up 6.3% (6.1% OCC). Net income was $228.6 million, down 9.8%, driven mainly by a higher effective tax rate, higher net interest expense, and legal fees tied to ongoing litigation. Adjusted EBITDA was $463.6 million, up 4.2% as reported and 7.4% on an OCC basis, and diluted adjusted EPS was $1.98, up 5.3%.
Diluted GAAP EPS was $1.75b, down 3.3%. Cash flow strengthened, with net cash provided by operating activities of $366.0 million (up 49.7%) and free cash flow of $297.9 million (up 57.9%), the latter partly reflecting the timing of certain vendor and tax payments. The company paid a $0.50 per share dividend on June 30, 2026, executed a $200.0 million accelerated share repurchase, and had $800.0 million remaining under its repurchase authorization as of June 30, 2026.
Balance sheet figures show cash of $551.4 millionc and long-term debt of $4,215.8 million, with total stockholders' deficit of $(1,189.0) million, reflecting heavy share repurchases in the first half. Management reaffirmed full-year 2026 guidance, including total revenue of $3,190 million to $3,240 million, adjusted EBITDA of $1,790 million to $1,830 million, and diluted adjusted EPS of $7.45 to $7.75.
The CFO expects growth to return to levels consistent with the company's Investor Day targets in the second half of 2026. On July 27, 2026, the Board approved a $0.50d per share dividend payable September 30, 2026.
02—Key points
Key Highlights
- Q2 2026 revenue of $806.3 million, up 4.3% reported and 5.8% on an OCC basis; underwriting up 5.6% OCC and claims up 6.1% OCC
- Net income of $228.6 million, down 9.8%, mainly from a higher effective tax rate, higher net interest expense, and litigation-related legal fees
- Adjusted EBITDA of $463.6 million, up 4.2% reported and 7.4% OCC, with adjusted EBITDA margin of 57.5% versus 57.6% a year earlier
- Diluted GAAP EPS of $1.75 (down 3.3%) and diluted adjusted EPS of $1.98 (up 5.3%)
- Operating cash flow of $366.0 million (up 49.7%) and free cash flow of $297.9 million (up 57.9%), partly reflecting timing of vendor and tax payments
- Executed a $200.0 million accelerated share repurchase; $800.0 million remained under the authorization as of June 30, 2026
- 2026 guidance reaffirmed: total revenue $3,190–$3,240 million and adjusted EBITDA $1,790–$1,830 million; $0.50 quarterly dividend declared for September 30, 2026
03—Questions
Frequently Asked Questions
Did Verisk meet its growth expectations in the second quarter of 2026?
The CFO said Q2 reflected the sequential acceleration in growth the company had previously described. Revenue grew 5.8% on an OCC basis, underlying subscription growth was 8.0%, and adjusted EBITDA grew 7.4% on an OCC basis. Management expects growth to return to levels consistent with its Investor Day targets in the second half of 2026.
Why did GAAP net income and EPS decline despite revenue growth?
The filing says net income fell 9.8% mainly due to a higher effective tax rate, higher net interest expense, and legal fees tied to ongoing litigation. Diluted GAAP EPS fell 3.3% for similar reasons, partly offset by a lower average share count and strong operational performance.
How much capital did Verisk return to shareholders?
In the first six months of 2026, the company funded aggregated share repurchases of $1.9 billion, including repurchases not yet settled, and paid dividends of $130.9 million. The $200.0 million accelerated share repurchase in Q2 received an initial delivery of 949,190 shares, and $800.0 million remained under the repurchase authorization as of June 30, 2026.
What is the company's full-year 2026 outlook?
Verisk reaffirmed its 2026 guidance: total revenue of $3,190 million to $3,240 million, adjusted EBITDA of $1,790 million to $1,830 million, adjusted EBITDA margin of 56.0% to 56.5%, diluted adjusted EPS of $7.45 to $7.75, and capital expenditures of $260 million to $280 million. Interest expense is expected at $190 million to $200 million.
Did the cash flow improvement reflect underlying strength?
Operating cash flow increased 49.7% in the quarter, and free cash flow increased 57.9%. The filing attributes this to higher operating profit and the timing of certain vendor and tax payments, so part of the increase reflects timing rather than a permanent change.
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