Verisk Analytics, Inc. · VRSK · FY2026 Q3 · Calendar Q4 2026

Verisk Q3: Subscription Growth Offsets Contractor and Weather Headwinds

Q3’s higher organic growth and continued subscription momentum support the durability of Verisk’s recurring-revenue model, while the contribution from transactional revenue and pressure among contractor clients temper the picture.

Why did VRSK rise 6.9% after beating EPS estimates in FY2026 Q3?

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Reported Before market openNASDAQTechnology $27.52B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.96 Consensus $1.92
EPS surprise +2.1% Reported versus consensus
Reported revenue $809.0M Consensus $805.9M
Revenue surprise +0.4% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move +6.9% Event window
SPY move -4.4% Same window
Abnormal move +11.3% Stock minus SPY
Volume 2.0× Versus trailing sessions
Subsequent drift -3.9% Up to 20 sessions
VRSKSPY benchmark

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Transcript intelligence

What changed

Organic constant-currency revenue growth accelerated to 7.4% from 5.8% in Q2, while subscription growth was 8.2% versus 8.0%. Transactional revenue was stronger than expected, but management noted that the boost is unlikely to repeat.

Guidance delta

Management maintained 2026 guidance. It described contractor and adjustor pressure from lighter weather and some bankruptcies as a minor headwind for FY2027.

Key takeaways

  • Subscription revenue remained a central growth driver, alongside adoption of AI-enabled products.
  • Management reported new AI tools and product plans, including Mozart Form Composer, Forms AI Builder, and an AI litigation tracker.
  • The transactional-revenue contribution exceeded expectations but is not expected to recur at the same level.
  • The AccuLynx transaction remains subject to FTC review.

Management priorities

  • Scale AI licensing across underwriting, claims, and catastrophe modeling.
  • Roll out additional AI modules and the AI litigation tracker.
  • Expand E&S and digital media forensics datasets through additional data contributions.
  • Develop agentic AI capabilities with a specialty insurer and release more Core Lines Reimagine modules.

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Earnings History

Estimate Beat Miss Match
VRSK REVENUE earnings history estimate and actual scatter chart 10 reported fiscal quarters and 2 future estimate-only quarters. Q2 '24 estimate $722M Q2 '24 actual $717M, miss Q3 '24 estimate $722M Q3 '24 actual $725M, beat Q2 '25 estimate $769M Q2 '25 actual $773M, beat Q3 '25 estimate $776M Q3 '25 actual $768M, miss Q4 '25 estimate $774M Q4 '25 actual $779M, beat Q1 '26 estimate $772M Q1 '26 actual $783M, beat Q2 '26 estimate $804M Q2 '26 actual $806M, beat Q3 '26 estimate $806M Q3 '26 actual $809M, beat Q4 '26 estimate $825M Q1 '27 estimate $835M
Show 2 more >

Analyst Consensus ?

ConsensusHold25 ratings
Bullish1040.0%
Neutral1456.0%
Bearish14.0%

Analyst 52W Price Targets

$204.56Current
$185Low
$248.97Average
$334High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 6, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Morgan Stanley Equal Weight Equal WeightMaintainOct 13, 2026
BMO Capital Outperform OutperformMaintainOct 13, 2026
Barclays Overweight OverweightMaintainSep 8, 2026
Wells Fargo Overweight OverweightMaintainJul 30, 2026
UBS Neutral NeutralMaintainJul 30, 2026
Show 20 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $204.56. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
BMO CapitalJeffrey Silber$217$178.17 +6.1%Oct 13, 2026
BarclaysAnalyst unavailable$225$185.79 +10.0%Sep 8, 2026
UBSAnalyst unavailable$228$201.43 +11.5%Jul 30, 2026
UBSAlex Kramm$235$200.71 +14.9%Jul 30, 2026
Robert W. BairdJeffrey Meuler$247$200.18 +20.7%Jul 30, 2026
See 40 more

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Company context

Snapshot as of publication

Verisk Analytics, Inc. is a global leader in providing advanced data analytics. It offers predictive insights and decision-making tools to a diverse clientele across numerous sectors. These include risk assessment (such as rating, underwriting, and claims), catastrophe and weather risk management, global risk analytics, natural resource intelligence, economic forecasting, commercial banking, finance, and many other specialized areas. The company's operations are organized into three primary divisions: Insurance, Energy and Specialized Markets, and Financial Services. Within the Insurance segment, Verisk assists property and casualty insurers by focusing on anticipating potential losses, accurately selecting and pricing risks, and ensuring regulatory compliance. This division develops sophisticated machine learning and artificial intelligence models to predict various scenarios and generate both standard and tailored analytics.…

Historical context

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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-11-05T17:12:31.668287+00:00
  2. FN2 earnings calendar · 2026-11-06T01:23:16.275024+00:00
  3. Polygon adjusted daily market bars · 2026-11-06T15:00:43.522534+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-06T15:00:43.519904+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-06. For educational purposes only; not investment advice.