Verisk (VRSK) Q4 2025 Financial Results Summary

JERSEY CITY, N.J., February 18, 2026 — Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, today announced results for the fourth quarter and fiscal year ended December 31, 2025.

Fourth Quarter Highlights

• Revenue
  • Total revenue: $779 million, up 5.9% from Q4 2024.
  • Organic constant currency (OCC) revenue growth: 5.2%.
• Net Income
  • Net income: $197 million, down 6.2% compared to Q4 2024 due to prior year gains.
• Adjusted EBITDA
  • Adjusted EBITDA: $437 million, up 9.8% from Q4 2024.
  • OCC adjusted EBITDA growth: 6.2%.
• Earnings Per Share (EPS)
  • Diluted GAAP EPS: $1.42, down 1.4% from Q4 2024.
  • Diluted adjusted EPS: $1.82, up 13.0%.
• Cash Flow
  • Net cash from operating activities: $343 million, up 34.4% from Q4 2024.
  • Free cash flow: $276 million, up 38.0%.
• Dividends
  • Cash dividend paid: $0.45 per share on December 31, 2025.
  • Board approved a cash dividend of $0.50 per share for March 31, 2026, a 11% increase.
• Share Repurchase
  • Share repurchase authorization increased to $2.5 billion total.

Full-Year 2025 Highlights

• Revenue
  • Total revenue: $3,073 million, up 6.6% from 2024.
  • Organic constant currency (OCC) revenue growth: 6.6%.
• Net Income
  • Net income: $908 million, down 5.1% compared to 2024 due to prior year gains.
• Adjusted EBITDA
  • Adjusted EBITDA: $1,727 million, up 9.6% from 2024.
  • OCC adjusted EBITDA growth: 8.5%.
• Earnings Per Share (EPS)
  • Diluted GAAP EPS: $6.48, down 2.7% from 2024.
  • Diluted adjusted EPS: $7.16, up 7.8%.
• Cash Flow
  • Net cash from operating activities: $1,436 million, up 25.5%.
  • Free cash flow: $1,192 million, up 29.5%.

Segment Performance

Underwriting

• Q4 2025: Revenue of $556 million, up 8.7% (OCC growth: 7.2%).
• Full Year 2025: Revenue of $2,180 million, up 7.7% (OCC growth: 7.0%).

Claims

• Q4 2025: Revenue of $223 million, down 0.7% (OCC growth: 0.5%).
• Full Year 2025: Revenue of $893 million, up 4.1% (OCC growth: 5.7%).

Financial Metrics Summary

• Effective Tax Rate
  • Q4 2025: 19.5%, down 6.5% from Q4 2024.
  • Full Year 2025: 22.5%, down 0.1% from 2024.

Outlook for 2026

• Total revenue Guidance: Between $3,190 million to $3,240 million.
• Adjusted EBITDA Guidance: Between $1,790 million to $1,830 million.
• Diluted adjusted EPS Guidance: Between $7.45 to $7.75.
• Dividend per Share: $2.00.

Verisk continues demonstrating its ability to deliver growth and return value to shareholders through increased dividends and share repurchases. The organization maintains confidence in its overarching strategic goals and operational executions moving into 2026.

Note: The amounts in the following tables are in millions.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in millions, except for share and per share data)

	Three Months Ended		Twelve Months Ended
	December 31, 2025	2024	December 31, 2025	2024
Revenues	$778.8	$735.6	$3,072.7	$2,881.7
Operating expenses:
Cost of revenues	235.7	230.5	925.5	901.1
Selling, general and administrative	132.2	100.3	458.2	408.7
Depreciation and amortization of fixed assets	61.8	59.1	259.2	233.6
Amortization of intangible assets	17.1	17.3	67.5	72.3
Loss on sale of assets, net	18.4	12.1	18.4	12.1
Total operating expenses	465.2	419.3	1,728.8	1,627.8
Operating income	313.6	316.3	1,343.9	1,253.9
Other income (expense):
Net (loss) gain on early extinguishment of debt	(15.0)		(15.0)	3.6
Investment income and others, net	3.2	(6.7)	13.3	95.7
Interest expense, net	(56.9)	(34.5)	(170.9)	(124.6)
Total other expense, net	(68.7)	(41.2)	(172.6)	(25.3)
Income from continuing operations before income taxes	244.9	275.1	1,171.3	1,228.6
Provision for income taxes	(47.7)	(71.6)	(263.0)	(277.9)
Income from continuing operations	197.2	203.5	908.3	950.7
Gain from discontinued operations, net of tax benefit of $0.0, $6.8, $0.0, and $6.8, respectively	–	6.8	–	6.8
Net income	197.2	210.3	908.3	957.5
Less: net loss attributable to non-controlling interests	–	0.1	–	0.7
Net income attributable to Verisk	$197.2	$210.4	$908.3	$958.2
Basic net income per share attributable to Verisk: Income from continuing operations	$1.42	$1.45	$6.50	$6.69
Income from discontinued operations	–	0.05	–	0.05
Basic net income per share attributable to Verisk	$1.42	$1.50	$6.50	$6.74
Diluted net income per share attributable to Verisk: Income from continuing operations	$1.42	$1.44	$6.48	$6.66
Income from discontinued operations	–	0.05	–	0.05
Diluted net income per share attributable to Verisk	$1.42	$1.49	$6.48	$6.71
Weighted average shares outstanding: Basic