Verisk (Nasdaq: VRSK) lifts cash flow and repurchases $1.9B of stock

Rhea-AI Filing Summary

Verisk Analytics reported Q2 2026 revenue of $806.3 million, an increase of and up 5.8% on an organic constant currency basis. Net income was $228.6 million, down 9.8%, with diluted EPS of $1.75 versus $1.81 a year earlier. Diluted adjusted EPS, which excludes amortization and other specified items, was $1.98, up 5.3%.

Net cash provided by operating activities reached $366.0 million, up 49.7%, and free cash flow was $298.0 million, up 57.9%. During the first six months of 2026, Verisk funded $1.9 billion of share repurchases, receiving about 8.5 million shares at an average price of $186.32, and paid a $0.50 dividend on June 30. The board has approved another $0.50 dividend payable on September 30, 2026. Full-year 2026 guidance is reaffirmed, including revenue of $3,190–$3,240 million, Adjusted EBITDA of $1,790–$1,830 million, and diluted adjusted EPS of $7.45–$7.75.

Positive

• Operating cash flow and free cash flow surged, with net cash from operating activities up 49.7% to $366 million and free cash flow up 57.9% to $298 million, enhancing Verisk’s capacity to fund investment, dividends, and share repurchases.

Negative

• None.

Filing Explained

The filing leaves the accelerated repurchase program in progress; the June 30 balance sheet reports cash, debt, shares, and deficit.

Verisk reports executing a $200 million accelerated share repurchase program; its six-month cash-flow statement also reports common-stock repurchases not yet settled.

At June 30, 2026, the company reported cash and cash equivalents alongside short-term and long-term debt.

The same balance sheet shows common shares outstanding and total stockholders’ deficit at that date.

The key unresolved mechanics are the amount of the accelerated repurchase program still awaiting settlement and the number of shares ultimately delivered; later settlement reporting would resolve those items.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q2 2026 Revenue: $806.3 million Q2 2026 Net Income: $228.6 million Q2 2026 Diluted Adjusted EPS: $1.98 +5 more

8 metrics

Q2 2026 Revenue $806.3 million Three months ended June 30, 2026; up 4.3% year over year

Q2 2026 Net Income $228.6 million Three months ended June 30, 2026

Q2 2026 Diluted Adjusted EPS $1.98 Up 5.3% versus $1.88 in the prior-year quarter

Q2 2026 Net Cash from Operating Activities $366.0 million Three months ended June 30, 2026; up 49.7% year over year

Q2 2026 Free Cash Flow $298.0 million Three months ended June 30, 2026; up 57.9% year over year

2026 Share Repurchases $1.9 billion First six months of 2026; about 8.5 million shares at $186.32 per share

2026 Revenue Guidance $3,190–$3,240 million Full-year 2026 total revenue guidance range reaffirmed

Quarterly Dividend $0.50 per share Paid June 30, 2026; same amount approved for payment on September 30, 2026

Key Terms

organic constant currency (OCC), Adjusted EBITDA, free cash flow, Accelerated Share Repurchase, +1 more

5 terms

organic constant currency (OCC) financial

"we grew revenue 5.8% on an organic constant currency (OCC) basis"

Organic constant currency (OCC) is a way companies report revenue or growth that strips out the effects of currency swings and any changes from buying or selling businesses, showing how the core business performed on a like-for-like basis. For investors it matters because it resembles comparing the same store’s sales year-to-year: it highlights underlying operational trends without noise from exchange rates or acquisitions, making performance easier to judge.

Adjusted EBITDA financial

"delivered 7.4% OCC adjusted EBITDA growth and healthy margins"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

free cash flow financial

"free cash flow, a non-GAAP measure, was $298 million"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

Accelerated Share Repurchase financial

"Executed a $200 million Accelerated Share Repurchase program"

An accelerated share repurchase is a deal where a company hires a bank to buy back a large block of its own stock immediately on the open market, with the bank later settling the exact number of shares over time. For investors it matters because the immediate reduction in shares outstanding can raise per‑share earnings and often supports the stock price, but it also uses company cash or borrowing and can change liquidity and future growth funding.

non-GAAP financial

"Diluted adjusted EPS, a non-GAAP measure, was $1.98"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

Earnings Snapshot

Revenue: $806.3 million · Guidance included

three months ended June 30, 2026

Revenue $806.3 million up 4.3% year over year

Net income $228.6 million down 9.8% year over year

Diluted EPS $1.75 down 3.3% year over year

Diluted adjusted EPS $1.98 up 5.3% year over year

Net cash from operating activities $366.0 million up 49.7% year over year

Free cash flow $298.0 million up 57.9% year over year

Guidance

Full-year 2026 outlook reaffirmed: total revenue $3,190–$3,240 million, Adjusted EBITDA $1,790–$1,830 million with 56.0–56.5% margin, diluted adjusted EPS $7.45–$7.75, tax rate 23.0–26.0%, capital expenditures $260–$280 million, dividend per share $2.00.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/29/2026 - 07:16 AM Accepted by SEC EDGAR 07/29/2026 - 07:16 AM Learn about SEC filing dates

FAQ

What were Verisk (VRSK) Q2 2026 revenue and growth?

Verisk reported Q2 2026 revenue of $806.3 million, up 4.3% year over year and 5.8% on an organic constant currency basis. Management highlighted 8.0% underlying subscription growth as a key driver of this performance.

How profitable was Verisk (VRSK) in Q2 2026?

Q2 2026 net income was $228.6 million, with diluted EPS of $1.75, down 3.3% from $1.81. Diluted adjusted EPS, which removes specified non-GAAP items, was $1.98, increasing 5.3% from $1.88 in the prior-year quarter.

What cash flow did Verisk (VRSK) generate in Q2 2026?

Verisk generated $366.0 million in net cash from operating activities in Q2 2026, up 49.7% year over year. Free cash flow was $298.0 million, up 57.9%, reflecting strong cash conversion after capital expenditures.

How much stock did Verisk (VRSK) repurchase in 2026 so far?

During the first six months of 2026, Verisk funded $1.9 billion of share repurchases, including unsettled trades. The company received initial delivery of approximately 8.5 million shares at an average price of $186.32 per share.

What is Verisk (VRSK) guidance for full-year 2026?

For 2026, Verisk reaffirmed total revenue guidance of $3,190–$3,240 million and Adjusted EBITDA of $1,790–$1,830 million, with an Adjusted EBITDA margin of 56.0–56.5% and diluted adjusted EPS of $7.45–$7.75.

What dividends is Verisk (VRSK) paying in 2026?

Verisk paid a $0.50 per share cash dividend on June 30, 2026. The board approved another $0.50 dividend payable September 30, 2026, and full-year 2026 guidance reflects an expected total dividend of $2.00 per share.

How did Verisk’s (VRSK) balance sheet look at June 30, 2026?

At June 30, 2026, Verisk held $551.4 million in cash and cash equivalents and $4,215.8 million of long-term debt. Extensive treasury stock from repurchases contributed to a total stockholders’ deficit of $1,189.0 million.

false 0001442145 0001442145 2026-07-29 2026-07-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2026

VERISK ANALYTICS, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-34480		26-2994223
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

545 Washington Boulevard, Jersey City, NJ		07310
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (201) 469-3000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange where registered
Common Stock $.001 par value	VRSK	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company     ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 2.02     Results of Operations and Financial Condition.

On July 29, 2026, Verisk Analytics, Inc. (the “Registrant”) issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of the press release is annexed as Exhibit 99.1 and incorporated by reference herein. All information in the press release is furnished but not filed.

Item 9.01     Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release dated July 29, 2026
104		Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	VERISK ANALYTICS, INC.
Date: July 29, 2026	/s/ Kathy Card Beckles
	Name:	Kathy Card Beckles
	Title:	Executive Vice President and Chief Legal Officer

Exhibit 99.1

Verisk Reports Second Quarter 2026 Financial Results

	●	Revenue was $806 million, up 4.3%, and up 5.8% on an organic constant currency (OCC) basis, a non-GAAP measure.
	●	Net income was $229 million, down 9.8%.

● Adjusted EBITDA, a non-GAAP measure, was $464 million, up 4.2%, and up 7.4% on an OCC basis.

● Diluted GAAP earnings per share (EPS) was $1.75, down 3.3%.

	●	Diluted adjusted EPS, a non-GAAP measure, was $1.98, up 5.3%.
	●	Net cash provided by operating activities was $366 million, up 49.7% and free cash flow, a non-GAAP measure, was $298 million, up 57.9%.
	●	Paid a cash dividend of 50 cents per share on June 30, 2026.
	●	Executed a $200 million Accelerated Share Repurchase program.

JERSEY CITY, N.J., July 29, 2026 — Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology provider to the global insurance industry, today announced results for the second quarter ended June 30, 2026. The earnings release is available on the company’s Investor Relations website at investor.verisk.com.

Lee Shavel, President and CEO, Verisk:

"Our solid second-quarter financial performance reflects the durability of Verisk’s economic model and the operational discipline with which we are managing the business. Our strong underlying subscription revenues are a demonstration of the essential role we play in helping insurance industry participants make better decisions across underwriting and claims and the deep client relationships and connection we have within the industry. We continue to invest in our proprietary datasets, and deploy advanced AI technologies across these unmatched data assets, in order to deliver innovative and distinctive insights that deepen client value and support future growth. These investments, combined with our operational discipline, position us well to deliver sustainable long-term value for clients and shareholders."

Elizabeth Mann, CFO, Verisk:

"I am pleased to share that Verisk delivered second-quarter financial results that reflect the sequential acceleration in growth we previously articulated. In the second quarter 2026, we grew revenue 5.8% on an OCC basis with 8.0% underlying subscription growth and delivered 7.4% OCC adjusted EBITDA growth and healthy margins. Our strong cash flow generation enables us to invest at scale in advanced technologies, including AI, while also returning significant capital to shareholders through repurchases and dividends. We are reaffirming our financial outlook for 2026 and continue to have confidence that as we move into the second half of the year, our growth should return to levels consistent with our Investor Day targets."

Financial Highlights

Summary of Results (GAAP and Non-GAAP) 
($ in millions, except per share amounts)
Note: Adjusted EBITDA, diluted adjusted EPS, and free cash flow are non-GAAP measures.
 

		Three Months Ended												Six Months Ended
		June 30,												June 30,
		2026				2025				% Change				2026				2025				% Change
Revenues		$	806			$	773				4.3	%		$	1,589			$	1,526				4.1	%
Net income			229				253				(9.8	)			463				486				(4.7	)
Adjusted EBITDA			464				445				4.2				901				861				4.6
Diluted EPS attributable to Verisk			1.75				1.81				(3.3	)			3.48				3.45				0.9
Diluted adjusted EPS			1.98				1.88				5.3				3.80				3.62				5.0
Effective tax rate			24.6	%			22.7	%			1.9				24.4	%			22.2	%			2.2
Net cash provided by operating activities			366				245				49.7				756				689				9.8
Free cash flow			298				189				57.9				624				580				7.7
Dividends per share			0.50				0.45				11.1				1.00				0.90				11.1

1

Revenue

($ in millions)

Note: OCC revenue growth is a non-GAAP measure. See “Non-GAAP Reconciliations” on pages 12-13 for a reconciliation to the nearest GAAP measure.

		Three Months Ended
		June 30,								% Change
		2026				2025				Reported				OCC
Underwriting		$	569			$	550				3.5	%			5.6	%
Claims			237				223				6.3				6.1
Insurance		$	806			$	773				4.3				5.8

		Six Months Ended
		June 30,								% Change
		2026				2025				Reported				OCC
Underwriting		$	1,121			$	1,082				3.7	%			5.5	%
Claims			468				444				5.3				4.7
Insurance		$	1,589			$	1,526				4.1				5.2

● Underwriting revenues increased 3.5% in the quarter and 5.6% on an OCC basis, primarily due to an annual increase in prices derived from continued enhancements to the models and content of the solutions within our forms, rules and loss cost services, as well as selling expanded solutions to new and existing customers within catastrophe and risk solutions.

● Claims revenues increased 6.3% in the quarter and 6.1% on an OCC basis, primarily due to anti-fraud analytics and property and restoration solutions.

Net Income, Adjusted EBITDA and Adjusted EBITDA Margin

($ in millions)

Note: Adjusted EBITDA is a non-GAAP measure. Margin is calculated as a percentage of revenues. See “Non-GAAP Reconciliations” on pages 12-13 for a reconciliation to the nearest GAAP measure.

		Three Months Ended
		June 30,								% Change				Margin
		2026				2025				Reported				2026				2025
Net Income		$	229			$	253				(9.8	)%			28.4	%			32.8	%

		Six Months Ended
		June 30,								% Change				Margin
		2026				2025				Reported				2026				2025
Net Income		$	463			$	486				(4.7	)%			29.1	%			31.8	%

● Net income was $229 million, a decrease of 9.8% in the quarter. The decrease in net income was mainly driven by increases in our effective tax rate, net interest expense, and legal fees incurred in connection with ongoing litigation.

		Three Months Ended
		June 30,								% Change								Margin
		2026				2025				Reported				OCC				2026				2025
Adjusted EBITDA		$	464			$	445				4.2	%			7.4	%			57.5	%			57.6	%

		Six Months Ended
		June 30,								% Change								Margin
		2026				2025				Reported				OCC				2026				2025
Adjusted EBITDA		$	901			$	861				4.6	%			6.6	%			56.7	%			56.5	%

● Adjusted EBITDA increased 7.4% in the quarter on an OCC basis, primarily due to revenue growth and continued cost discipline.

2

Diluted EPS

Note: Diluted adjusted EPS is a non-GAAP measure. See “Non-GAAP Reconciliations” on pages 12-13 for a reconciliation to the nearest GAAP measure.

		Three Months Ended												Six Months Ended
		June 30,												June 30,
		2026				2025				% Change				2026				2025				% Change
Diluted EPS attributable to Verisk		$	1.75			$	1.81				(3.3	)%		$	3.48			$	3.45				0.9	%
Diluted adjusted EPS		$	1.98			$	1.88				5.3	%		$	3.80			$	3.62				5.0	%

	●	Diluted EPS decreased 3.3% in the quarter, primarily due to higher net interest expense, a higher effective tax rate, and increased legal fees incurred in connection with ongoing litigation, partially offset by a lower average share count and strong operational performance.
	●	Diluted adjusted EPS increased 5.3% in the quarter, primarily driven by strong operational performance and a lower share count, partially offset by higher net interest expense and a higher effective tax rate.

Cash Flow and Capital Return

($ in millions)

Note: Free cash flow is a non-GAAP measure. 

		Three Months Ended												Six Months Ended
		June 30,												June 30,
		2026				2025				% Change				2026				2025				% Change
Net cash provided by operating activities		$	366.0			$	244.5				49.7	%		$	756.4			$	689.2				9.8	%
Capital expenditures			(68.1	)			(55.8	)			22.0				(132.1	)			(109.5	)			20.6
Free cash flow		$	297.9			$	188.7				57.9			$	624.3			$	579.7				7.7

● Net cash provided by operating activities increased 49.7% in the quarter, while free cash flow increased 57.9% in the quarter.

● The increase in net cash provided by operating activities and free cash flow for the quarter was primarily driven by an increase in operating profit and the timing of certain vendor and tax payments.

● On June 30, 2026, we paid a cash dividend of 50 cents per share on common stock issued and outstanding to the holders of record as of June 15, 2026.

	●	In the second quarter of 2026, we entered into a $200.0 million accelerated share repurchase program and received an initial delivery of 949,190 shares of our common stock at an initial price of $179.10, representing approximately 85 percent of the aggregate purchase price. As of June 30, 2026, we had $800.0 million remaining under our share repurchase authorization.
	●	During the first six months of 2026, we funded aggregated share repurchases of $1.9 billion, including repurchases not yet settled, and received initial delivery of approximately 8.5 million shares at an average price of $186.32 per share. These repurchases reflect our continued commitment to returning capital to shareholders while maintaining flexibility to invest in the growth of our business.

3

Full Year 2026 Outlook

The company's financial outlook for 2026 remains unchanged and is as follows:

		Full Year 2026 Guidance
		($ in millions, except per share amounts)
		Low				High
Total revenue		$	3,190			$	3,240
Adjusted EBITDA		$	1,790			$	1,830
Adjusted EBITDA margin			56.0	%			56.5	%
Diluted adjusted EPS		$	7.45			$	7.75
Tax rate			23.0	%			26.0	%
Capital expenditures		$	260			$	280
Fixed asset depreciation & amortization		$	270			$	290
Intangible amortization		$	60			$	60
Interest expense		$	190			$	200
Dividend per share		$	2.00			$	2.00

Subsequent Events

On July 27, 2026, our Board of Directors approved a cash dividend of 50 cents per share of common stock issued and outstanding, payable on September 30, 2026, to holders of record as of September 15, 2026.

4

Conference Call

Our management team will host a live audio webcast to discuss the financial results and business highlights on Wednesday, July 29, 2026, at 8:30 a.m. EDT (5:30 a.m. PDT, 12:30 p.m. GMT). All interested parties are invited to listen to the live event via webcast on our investor website at http://investor.verisk.com. The discussion will also be available through dial-in number 1-833-461-5787 for U.S. participants, 1-365-657-4048 for Canada participants, or 1-44-808-196-8935 for U.K. participants.

A replay of the webcast will be available for up to 1 year on our investor website.

About Verisk

Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, catastrophic events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work.

Verisk is traded on the Nasdaq exchange and is a part of the S&P 500 Index and the Nasdaq-100 Index.

For more information, please visit www.verisk.com.

Contact:

Investor Relations
Stacey Brodbar
Head of Investor Relations
Verisk 
201-469-4327 
IR@verisk.com

Media

Alberto Canal

Verisk Public Relations

201-469-2618

Alberto.Canal@verisk.com

5

Forward-Looking Statements

This release contains forward-looking statements, including those related to our Full Year 2026 Outlook and financial guidance. These statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. This includes, but is not limited to, our expectation and ability to pay a cash dividend on our common stock in the future, subject to the determination by our Board of Directors and based on an evaluation of our earnings, financial condition and requirements, business conditions, capital allocation determinations, and other factors, risks, and uncertainties. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “target,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue” or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements, because they involve known and unknown risks, uncertainties, and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance or achievements.

Other factors that could materially affect actual results, levels of activity, performance, or achievements can be found in our quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K filed with the Securities and Exchange Commission. If any of these risks or uncertainties materialize or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement in this release reflects our current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to our operations, results of operations, growth strategy, and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise except as required by law.

Notes Regarding the Use of Non-GAAP Financial Measures

We have provided certain non-GAAP financial information as supplemental information regarding our operating results. These measures are not in accordance with, or an alternative for, U.S. GAAP and may be different from non-GAAP measures reported by other companies. We believe that our presentation of non-GAAP measures provides useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations. In addition, our management uses these measures for reviewing our financial results, for budgeting and planning purposes, and for evaluating the performance of senior management.

EBITDA, Adjusted EBITDA, and Adjusted EBITDA Expenses: EBITDA represents GAAP net income adjusted for (i) depreciation and amortization of fixed assets; (ii) amortization of intangible assets; (iii) interest expense, net; and (iv) provision for income taxes. Adjusted EBITDA represents EBITDA adjusted for acquisition-related adjustments (earn-outs), gain/loss from dispositions (which includes businesses held for sale), net adjustments from equity-method investments, and nonrecurring gain/loss. Adjusted EBITDA expenses represent adjusted EBITDA net of revenues. We believe these measures are useful and meaningful because they help us allocate resources, make business decisions, allow for greater transparency regarding our operating performance, and facilitate period-to-period comparison.

Adjusted Net Income and Diluted Adjusted EPS: Adjusted net income represents GAAP net income adjusted for (i) amortization of intangible assets, net of tax; (ii) acquisition-related adjustments (earn-outs), net of tax; (iii) gain/loss from dispositions (which includes businesses held for sale), net of tax; (iv) net adjustments from equity-method investments, net of tax; and (v) nonrecurring gain/loss, net of tax. Diluted adjusted EPS represents adjusted net income divided by weighted-average diluted shares. We believe these measures are useful and meaningful because they allow evaluation of the after-tax profitability of our results excluding the after-tax effect of acquisition-related costs and nonrecurring items.

Free Cash Flow: Free cash flow represents net cash provided by operating activities determined in accordance with GAAP minus payments for capital expenditures. We believe free cash flow is an important measure of the recurring cash generated by our operations that may be available to repay debt obligations, repurchase our stock, invest in future growth through new business development activities, or make acquisitions.

Organic: Organic is defined as operating results excluding the effect of recent acquisitions and dispositions (which include businesses held for sale), and nonrecurring gain/loss associated with cost-based and equity-method investments that have occurred over the past year. An acquisition is included as organic at the beginning of the calendar quarter that occurs subsequent to the one-year anniversary of the acquisition date. Once an acquisition is included in its current-period organic base, its comparable prior-year-period operating results are also included to calculate organic growth. A disposition (which includes a business held for sale) is excluded from organic at the beginning of the calendar quarter in which the disposition occurs (or when a business meets the held-for-sale criteria under U.S. GAAP). Once a disposition is excluded from its current-period organic base, its comparable prior-year-period operating results are also excluded to calculate organic growth. We believe the organic presentation enables investors to assess the growth of the business without the impact of recent acquisitions for which there is no prior-year comparison and the impact of recent dispositions, for which results are removed from all prior periods presented to allow for comparability.

6

Organic Constant Currency (OCC) Growth Rate: Our operating results, such as, but not limited to, revenue and adjusted EBITDA, reported in U.S. dollars are affected by foreign currency exchange rate fluctuations because the underlying foreign currencies in which we transact changes in value over time compared with the U.S. dollar. Accordingly, we present certain constant currency financial information to assess how we performed excluding the impact of foreign currency exchange rate fluctuations. We calculate constant currency by translating comparable prior-year-period results at the currency exchange rates used in the current period. We believe organic constant currency is a useful and meaningful measure to enhance investors’ understanding of the continuing operating performance of our business and to facilitate the comparison of period-to-period performance because it excludes the impact of foreign exchange rate movements, acquisitions, and dispositions.

See page 3 for a reconciliation of net cash provided by operating activities to free cash flow. See page 12 for reconciliations of organic revenues, adjusted EBITDA, and adjusted EBITDA margin. See page 13 for reconciliations of adjusted EBITDA expenses and diluted adjusted EPS.

We are not able to provide reconciliations of Full Year 2026 Outlook for Adjusted EBITDA, Adjusted EBITDA margin, and Diluted adjusted EPS to the most directly comparable expected GAAP results because of the unreasonable effort and high unpredictability of estimating certain items that are excluded from non-GAAP Adjusted EBITDA, Adjusted EBITDA margin, and Diluted adjusted EPS, including, for example, tax consequences, acquisition-related costs, gain/loss from dispositions and other non-recurring expenses, the effect of which may be significant.

Attached Financial Statements

Please refer to the Form 10-Q filing for the complete financial statements and related notes.

7

VERISK ANALYTICS, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

As of June 30, 2026 and December 31, 2025

		June 30, 2026				December 31, 2025
		(in millions, except for share and per share data)
ASSETS:
Current assets:
Cash and cash equivalents		$	551.4			$	2,178.2
Accounts receivable, net of allowance for doubtful accounts of $35.9 and $33.2, respectively			400.0				422.2
Prepaid expenses			90.9				86.4
Income taxes receivable			56.3				48.6
Other current assets			23.8				30.0
Total current assets			1,122.4				2,765.4
Noncurrent assets:
Fixed assets, net			580.6				582.8
Operating lease right-of-use assets, net			128.4				138.9
Intangible assets, net			313.5				346.6
Goodwill			1,859.2				1,878.2
Deferred income tax assets			36.2				36.6
Other noncurrent assets			455.6				447.0
Total assets		$	4,495.9			$	6,195.5
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY:
Current liabilities:
Accounts payable and accrued liabilities		$	254.3			$	319.1
Short-term debt and current portion of long-term debt			257.7				1,508.9
Deferred revenues			573.9				444.2
Operating lease liabilities			25.1				26.3
Income taxes payable			5.3				1.8
Total current liabilities			1,116.3				2,300.3
Noncurrent liabilities:
Long-term debt			4,215.8				3,228.3
Deferred income tax liabilities			202.0				193.4
Operating lease liabilities			118.5				136.9
Other noncurrent liabilities			32.3				26.8
Total liabilities			5,684.9				5,885.7
Commitments and contingencies
Stockholders’ (deficit) equity:
Common stock, $.001 par value; 2,000,000,000 shares authorized; 544,003,038 shares issued; 130,136,216 and 138,397,709 shares outstanding, respectively			0.1				0.1
Additional paid-in capital			2,887.8				3,113.2
Treasury stock, at cost, 413,866,822 and 405,605,329 shares, respectively			(12,301.7	)			(10,721.8	)
Retained earnings			8,142.7				7,810.5
Accumulated other comprehensive income			82.1				107.0
Total Verisk stockholders' (deficit) equity			(1,189.0	)			309.0
Noncontrolling interests			—				0.8
Total stockholders’ (deficit) equity			(1,189.0	)			309.8
Total liabilities and stockholders’ (deficit) equity		$	4,495.9			$	6,195.5

8

VERISK ANALYTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

For the Three Months Ended June 30, 2026 and 2025

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
		(in millions, except for share and per share data)
Revenues		$	806.3			$	772.6			$	1,588.9			$	1,525.6
Operating expenses:
Cost of revenues (exclusive of items shown separately below)			233.4				229.5				470.0				460.3
Selling, general and administrative			128.6				106.5				238.1				215.4
Depreciation and amortization of fixed assets			66.3				66.0				136.2				133.4
Amortization of intangible assets			14.3				16.3				28.7				32.1
Total operating expenses, net			442.6				418.3				873.0				841.2
Operating income			363.7				354.3				715.9				684.4
Other expense:
Investment (loss) gain			(7.5	)			9.1				(8.0	)			11.7
Interest expense, net			(52.8	)			(35.5	)			(96.0	)			(71.8	)
Total other expense, net			(60.3	)			(26.4	)			(104.0	)			(60.1	)
Income before income taxes			303.4				327.9				611.9				624.3
Provision for income taxes			(74.8	)			(74.6	)			(149.1	)			(138.7	)
Net income		$	228.6			$	253.3			$	462.8			$	485.6
Basic net income per share attributable to Verisk:		$	1.75			$	1.81			$	3.48			$	3.47
Diluted net income per share attributable to Verisk:		$	1.75			$	1.81			$	3.48			$	3.45
Weighted-average shares outstanding:
Basic			130,762,236				139,818,324				132,891,314				140,056,221
Diluted			130,850,538				140,339,539				133,036,554				140,639,547

9

VERISK ANALYTICS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

For the Three Months Ended June 30, 2026 and 2025

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
		(in millions)
Cash flows from operating activities:
Net income		$	228.6			$	253.3			$	462.8			$	485.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of fixed assets			66.3				66.0				136.2				133.4
Amortization of intangible assets			14.3				16.3				28.7				32.1
Amortization of debt issuance costs and original issue discount, net of original issue premium			1.1				0.8				1.9				1.4
Provision for credit losses			3.2				6.1				8.0				11.4
Stock-based compensation expense			14.7				14.1				33.1				29.7
Loss on equity-method investments, net			6.5				—				6.5				—
Deferred income taxes			5.7				(9.6	)			9.7				(19.3	)
Acquisition related liability adjustment			(0.3	)			(1.6	)			0.8				(1.6	)
Other operating			(0.1	)			(11.2	)			0.1				(11.2	)
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable			151.4				(46.1	)			12.8				(179.7	)
Prepaid expenses and other assets			4.5				(8.0	)			(11.7	)			3.1
Operating lease right-of-use assets, net			5.8				5.8				7.6				11.4
Income taxes			(68.1	)			(80.6	)			(4.1	)			60.5
Accounts payable and accrued liabilities			59.7				(24.6	)			(57.5	)			(69.1	)
Deferred revenues			(107.4	)			81.4				130.7				218.1
Operating lease liabilities			(6.3	)			(8.4	)			(15.0	)			(12.1	)
Other liabilities		(13.6		)			(9.2	)			5.8				(4.5	)
Net cash provided by operating activities			366.0				244.5				756.4				689.2
Cash flows from investing activities:
Acquisitions and purchase of additional controlling interest, net of cash acquired of $0.0, $0.3, $0.0, and $0.3, respectively			—				(20.3	)			—				(24.4	)
Investments in non-public companies, net			—				(4.5	)			(0.9	)			(4.5	)
Capital expenditures			(68.1	)			(55.8	)			(132.1	)			(109.5	)
Escrow release associated with acquisitions			—				—				0.5				—
Net cash used in investing activities			(68.1	)			(80.6	)			(132.5	)			(138.4	)

10

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
		(in millions)
Cash flows from financing activities:
Proceeds from issuance of long-term debt, net of original discount			—				—				999.0				698.3
Proceeds from Syndicated Revolving Credit Facility			—				—				750.0				—
Repayment of Syndicated Revolving Credit Facility			—				—				(750.0	)			—
Proceeds from Term Loan Facility			—				—				500.0				—
Repayment of Term Loan Facility			—				—				(250.0	)			—
Repayment of short-term debt, inclusive of special mandatory redemption fee			—				(500.0	)			(1,515.0	)			(500.0	)
Payment of debt issuance costs			(0.3	)			—				(9.2	)			(6.2	)
Repurchases of common stock			(170.1	)			(100.0	)			(1,571.9	)			(300.1	)
Common stock repurchases not yet settled			(30.0	)			—				(255.1	)			—
Payment of excise tax			(5.0	)			(7.6	)			(5.0	)			(7.6	)
Proceeds from stock options exercised			5.6				22.9				16.2				47.6
Net share settlement of taxes from restricted stock and performance share awards			(0.6	)			(7.6	)			(14.9	)			(25.5	)
Dividends paid			(65.4	)			(63.0	)			(130.9	)			(126.0	)
Other financing activities, net			(3.2	)			(3.7	)			(10.1	)			(6.2	)
Net cash used in financing activities			(269.0	)			(659.0	)			(2,246.9	)			(225.7	)
Effect of exchange rate changes			(2.0	)			11.7				(3.8	)			12.4
Net increase (decrease) in cash and cash equivalents			26.9				(483.4	)			(1,626.8	)			337.5
Cash and cash equivalents, beginning of period			524.5				1,112.1				2,178.2				291.2
Cash and cash equivalents, end of period		$	551.4			$	628.7			$	551.4			$	628.7
Supplemental disclosures:
Income taxes paid		$	137.5			$	164.7			$	143.6			$	97.3
Interest paid		$	52.2			$	49.5			$	112.2			$	59.9
Noncash investing and financing activities:
Finance lease additions		$	0.3			$	0.6			$	4.7			$	1.8
Operating lease additions (terminations), net		$	0.8			$	1.0			$	(2.9	)		$	1.6
Deferred tax liability established on date of acquisition		$	—			$	2.5			$	—			$	2.5

11

Non-GAAP Reconciliations

Organic Revenues Reconciliation

($ in millions)

Note: Organic revenues are a non-GAAP measure.

		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Revenues		$	806.3			$	772.6			$	1,588.9			$	1,525.6
Less: Revenues from acquisitions and disposition			(6.0	)			(16.8	)			(12.4	)			(34.1	)
Organic revenues		$	800.3			$	755.8			$	1,576.5			$	1,491.5

Consolidated EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, and Organic Adjusted EBITDA Reconciliation

($ in millions)

Note: EBITDA, adjusted EBITDA, adjusted EBITDA margin, and organic adjusted EBITDA are non-GAAP measures. Margin is calculated as a percentage of revenues.

		Three Months Ended June 30,																Six Months Ended June 30,
		2026								2025								2026								2025
		Total				Margin				Total				Margin				Total				Margin				Total				Margin
Net income		$	228.6				28.4	%		$	253.3				32.8	%		$	462.8				29.1	%		$	485.6				31.8	%
Depreciation and amortization of fixed assets			66.3				8.2				66.0				8.5				136.2				8.6				133.4				8.8
Amortization of intangible assets			14.3				1.8				16.3				2.1				28.7				1.8				32.1				2.1
Interest expense, net			52.8				6.5				35.5				4.6				96.0				6.0				71.8				4.7
Provision for income taxes			74.8				9.3				74.6				9.7				149.1				9.4				138.7				9.1
EBITDA			436.8				54.2				445.7				57.7				872.8				54.9				861.6				56.5
Acquisition-related earn-outs, net			(0.4	)			—				(0.9	)			(0.1	)			0.6				0.1				(0.2	)			—
Acquisition-related fees			18.7				2.3				—				—				19.2				1.2				—				—
Litigation reserve			2.0				0.2				—				—				2.0				0.1				—				—
Net adjustments from equity-method investments			6.5				0.8				—				—				6.5				0.4				—				—
Adjusted EBITDA			463.6				57.5				444.8				57.6				901.1				56.7				861.4				56.5
Adjusted EBITDA from acquisitions and disposition			(3.7	)							(6.8	)							(7.6	)							(12.0	)
Organic adjusted EBITDA		$	459.9				57.5			$	438.0				57.9			$	893.5				56.7			$	849.4				56.9

12

Consolidated Adjusted EBITDA Expense Reconciliation

($ in millions)

Note: Adjusted EBITDA expenses are a non-GAAP measure.

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2026				2025				2026				2025
Operating expenses		$	442.6			$	418.3			$	873.0			$	841.2
Less: Depreciation and amortization of fixed assets			(66.3	)			(66.0	)			(136.2	)			(133.4	)
Less: Amortization of intangible assets			(14.3	)			(16.3	)			(28.7	)			(32.1	)
Plus: Investment loss (gain)			7.5				(9.1	)			8.0				(11.7	)
Plus: Acquisition-related earn-outs, net			0.4				0.9				(0.6	)			0.2
Less: Acquisition-related fees			(18.7	)			—				(19.2	)			—
Less: Litigation reserve			(2.0	)			—				(2.0	)			—
Less: Net adjustments from equity-method investments			(6.5	)			—				(6.5	)			—
Adjusted EBITDA expenses		$	342.7			$	327.8			$	687.8			$	664.2

Adjusted Net Income and Diluted Adjusted EPS Reconciliation

($ in millions, except per share amounts)

Note: Diluted adjusted EPS is a non-GAAP measure.

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2026				2025				2026				2025
Net income		$	228.6			$	253.3			$	462.8			$	485.6
Plus: Amortization of intangibles			14.3				16.3				28.7				32.1
Less: Income tax effect on amortization of intangibles			(3.7	)			(4.2	)			(7.5	)			(8.3	)
Plus: Acquisition-related earn-outs, net			(0.4	)			(0.9	)			0.6				(0.2	)
Less: Income tax effect on acquisition-related earn-outs, net			0.1				(0.1	)			(0.1	)			(0.3	)
Plus: Acquisition-related fees			18.7				—				19.2				—
Less: Income tax effect on acquisition-related fees			(4.7	)			—				(4.8	)			—
Plus: Litigation reserve			2.0				—				2.0				—
Less: Income tax effect on litigation reserve			(0.5	)			—				(0.5	)			—
Plus: Net adjustments from equity-method investments			6.5				—				6.5				—
Less: Income tax effect on net adjustment from equity-method investments			(1.6	)			—				(1.6	)			—
Adjusted net income		$	259.3			$	264.4			$	505.3			$	508.9
Diluted EPS attributable to Verisk		$	1.75			$	1.81			$	3.48			$	3.45
Diluted adjusted EPS		$	1.98			$	1.88			$	3.80			$	3.62
Weighted-average diluted shares outstanding			130.9				140.3				133.0				140.6

13

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 725.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB