Verisk Analytics, Inc 8-K, filed Nov 5, 2026

Verisk Analytics, Inc. (VRSK)

8-K 2026-11-05 For: 2026-11-05

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Added on November 05, 2026

About this 8-K

Verisk Analytics, Inc filed this 8-K on November 5, 2026.

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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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)

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

Exhibit No.		Description
99.1		Press Release dated November 5, 2026
104		Cover Page Interactive File (the cover page tags are embedded within the Inline XBRL document).

	VERISK ANALYTICS, INC.

Date: November 5, 2026	/s/ Kathy Card Beckles
	Name:	Kathy Card Beckles
	Title:	Executive Vice President and Chief Legal Officer

	●	Revenue was $809 million, up 5.3%, and up 7.4% on an organic constant currency (OCC) basis, a non-GAAP measure.
	●	Net income was $219 million, down 2.8%.

	●	Diluted adjusted EPS, a non-GAAP measure, was $1.96, up 14.0%.
	●	Net cash provided by operating activities was $267 million, down 33.8% and free cash flow, a non-GAAP measure, was $200 million, down 40.5%. The decrease was primarily due to collection timing, higher interest payments, and a prior-year tax refund that did not recur.
	●	Paid a cash dividend of 50 cents per share on September 30, 2026.
	●	Executed a $100 million Accelerated Share Repurchase program.

	Three Months Ended									Nine Months Ended
	September 30,									September 30,
	2026			2025			% Change			2026			2025			% Change
Revenues	$	809		$	768			5.3	%	$	2,398		$	2,294			4.5	%
Net income		219			226			(2.8	)		682			711			(4.1	)
Adjusted EBITDA		459			429			7.0			1,360			1,291			5.4
Diluted EPS attributable to Verisk		1.70			1.61			5.6			5.18			5.06			2.4
Diluted adjusted EPS		1.96			1.72			14.0			5.76			5.34			7.9
Effective tax rate		25.7	%		25.3	%		0.4			24.8	%		23.2	%		1.6
Net cash provided by operating activities		267			404			(33.8	)		1,024			1,093			(6.3	)
Free cash flow		200			336			(40.5	)		824			916			(10.0	)
Dividends per share		0.50			0.45			11.1			1.50			1.35			11.1

	●	During the third quarter of 2026, we executed a $100.0 million accelerated share repurchase program in addition to completing the final settlement of our previously announced accelerated share repurchase programs. We received 2.0 million shares at an average price, less a discount, of $181.76. As of September 30, 2026, we had $700.0 million remaining under our share repurchase authorization.
	●	During the first nine months of 2026, we funded aggregated share repurchases of $1.9 billion, and received a delivery of approximately 10.5 million shares at an average price, less a discount, of $185.46 per share. These repurchases reflect our continued commitment to returning capital to shareholders while maintaining flexibility to invest in the growth of our business.

	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

	September 30, 2026			December 31, 2025
	(in millions, except for share and per share data)
ASSETS:
Current assets:
Cash and cash equivalents	$	556.8		$	2,178.2
Accounts receivable, net of allowance for doubtful accounts of $38.9 and $33.2, respectively		405.3			422.2
Prepaid expenses		97.2			86.4
Income taxes receivable		59.4			48.6
Other current assets		29.0			30.0
Total current assets		1,147.7			2,765.4
Noncurrent assets:
Fixed assets, net		616.2			582.8
Operating lease right-of-use assets, net		123.5			138.9
Intangible assets, net		308.3			346.6
Goodwill		1,879.0			1,878.2
Deferred income tax assets		36.2			36.6
Other noncurrent assets		430.7			447.0
Total assets	$	4,541.6		$	6,195.5
LIABILITIES AND STOCKHOLDERS’ (DEFICIT) EQUITY:
Current liabilities:
Accounts payable and accrued liabilities	$	256.9		$	319.1
Short-term debt and current portion of long-term debt		267.5			1,508.9
Deferred revenues		518.5			444.2
Operating lease liabilities		25.5			26.3
Income taxes payable		5.4			1.8
Total current liabilities		1,073.8			2,300.3
Noncurrent liabilities:
Long-term debt		4,227.8			3,228.3
Deferred income tax liabilities		208.5			193.4
Operating lease liabilities		112.0			136.9
Other noncurrent liabilities		33.0			26.8
Total liabilities		5,655.1			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; 128,249,862 and 138,397,709 shares outstanding, respectively		0.1			0.1
Additional paid-in capital		3,165.6			3,113.2
Treasury stock, at cost, 415,753,176 and 405,605,329 shares, respectively		(12,657.7	)		(10,721.8	)
Retained earnings		8,297.5			7,810.5
Accumulated other comprehensive income		81.0			107.0
Total Verisk stockholders' (deficit) equity		(1,113.5	)		309.0
Noncontrolling interests		—			0.8
Total stockholders’ (deficit) equity		(1,113.5	)		309.8
Total liabilities and stockholders’ (deficit) equity	$	4,541.6		$	6,195.5

	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
	(in millions, except for share and per share data)
Revenues	$	809.0		$	768.3		$	2,397.9		$	2,293.9
Operating expenses:
Cost of revenues (exclusive of items shown separately below)		242.0			229.5			712.0			689.8
Selling, general and administrative		117.8			110.6			355.9			326.0
Depreciation and amortization of fixed assets		69.5			64.0			205.7			197.4
Amortization of intangible assets		14.4			18.3			43.1			50.4
Total operating expenses, net		443.7			422.4			1,316.7			1,263.6
Operating income		365.3			345.9			1,081.2			1,030.3
Other expense:
Investment (loss) gain		(17.5	)		(1.6	)		(25.5	)		10.1
Interest expense, net		(53.0	)		(42.2	)		(149.0	)		(114.0	)
Total other expense, net		(70.5	)		(43.8	)		(174.5	)		(103.9	)
Income before income taxes		294.8			302.1			906.7			926.4
Provision for income taxes		(75.6	)		(76.6	)		(224.7	)		(215.3	)
Net income	$	219.2		$	225.5		$	682.0		$	711.1
Basic net income per share attributable to Verisk:	$	1.70		$	1.62		$	5.18		$	5.08
Diluted net income per share attributable to Verisk:	$	1.70		$	1.61		$	5.18		$	5.06
Weighted-average shares outstanding:
Basic		129,131,949			139,509,985			131,638,192			139,874,142
Diluted		129,226,568			139,941,935			131,766,559			140,407,010

	Three Months Ended
	September 30,				% Change
	2026		2025		Reported			OCC
Underwriting	$	568	$	542		4.8	%		7.7	%
Claims		241		226		6.6			6.7
Insurance	$	809	$	768		5.3			7.4

	Nine Months Ended
	September 30,				% Change
	2026		2025		Reported			OCC
Underwriting	$	1,689	$	1,624		4.0	%		6.2	%
Claims		709		670		5.8			5.4
Insurance	$	2,398	$	2,294		4.5			6.0

	Three Months Ended September 30,						Nine Months Ended September 30,
	2026			2025			2026			2025
	(in millions)
Cash flows from operating activities:
Net income	$	219.2		$	225.5		$	682.0		$	711.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of fixed assets		69.5			64.0			205.7			197.4
Amortization of intangible assets		14.4			18.3			43.1			50.4
Amortization of debt issuance costs and original issue discount, net of original issue premium		1.1			0.9			3.0			2.3
Provision for credit losses		7.2			2.5			15.2			13.9
Stock-based compensation expense		14.5			12.1			47.6			41.8
Loss on cost-based investments		16.7			—			16.7			—
Loss on equity-method investments, net		0.2			—			6.7			—
Deferred income taxes		3.4			29.9			13.1			10.6
Acquisition-related liability adjustment		—			—			0.8			(1.6	)
Other operating		(0.2	)		2.9			(0.1	)		(8.3	)
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable		(12.4	)		173.1			0.4			(6.6	)
Prepaid expenses and other assets		(3.7	)		(8.4	)		(15.4	)		(5.3	)
Operating lease right-of-use assets, net		5.9			6.6			13.5			18.0
Income taxes		(2.9	)		(5.0	)		(7.0	)		55.5
Accounts payable and accrued liabilities		(1.5	)		54.5			(59.0	)		(14.6	)
Deferred revenues		(57.5	)		(165.3	)		73.2			52.8
Operating lease liabilities		(6.6	)		(8.3	)		(21.6	)		(20.4	)
Other liabilities	(0.1		)		0.2			5.7			(4.3	)
Net cash provided by operating activities		267.2			403.5			1,023.6			1,092.7
Cash flows from investing activities:
Acquisitions and purchase of additional controlling interest, net of cash acquired of $3.0, $4.6, $3.0, and $4.9, respectively		(25.6	)		(160.4	)		(25.6	)		(184.8	)
Proceeds (investments) in non-public companies, net		0.6			(4.0	)		(0.3	)		(8.5	)
Capital expenditures		(67.2	)		(67.4	)		(199.3	)		(176.9	)
Escrow (funding) release associated with acquisitions		—			(2.7	)		0.5			(2.7	)
Net cash used in investing activities		(92.2	)		(234.5	)		(224.7	)		(372.9	)

	Three Months Ended September 30,						Nine Months Ended September 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 issuance of short-term debt		—			1,497.9			—			1,497.9
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		—			—			(1,515.0	)		(500.0	)
Payment of debt issuance costs		—			(19.2	)		(9.2	)		(25.4	)
Repurchases of common stock		(100.1	)		(100.1	)		(1,927.1	)		(400.2	)
Payment of excise tax		—			—			(5.0	)		(7.6	)
Proceeds from stock options exercised		10.9			3.7			27.1			51.3
Net share settlement of taxes from restricted stock and performance share awards		(1.0	)		(0.5	)		(15.9	)		(26.0	)
Dividends paid		(64.1	)		(62.6	)		(195.0	)		(188.6	)
Other financing activities, net		(14.9	)		(13.9	)		(25.0	)		(20.1	)
Net cash (used in) provided by financing activities		(169.2	)		1,305.3			(2,416.1	)		1,079.6
Effect of exchange rate changes		(0.4	)		4.9			(4.2	)		17.3
Net increase (decrease) in cash and cash equivalents		5.4			1,479.2			(1,621.4	)		1,816.7
Cash and cash equivalents, beginning of period		551.4			628.7			2,178.2			291.2
Cash and cash equivalents, end of period	$	556.8		$	2,107.9		$	556.8		$	2,107.9
Supplemental disclosures:
Income taxes paid	$	70.9		$	51.7		$	214.5		$	149.0
Interest paid	$	75.2		$	24.9		$	187.4		$	84.8
Noncash investing and financing activities:
Finance lease additions	$	35.6		$	2.2		$	40.3		$	4.0
Operating lease additions (terminations), net	$	1.0		$	2.2		$	(1.9	)	$	3.8
Deferred tax liability established on date of acquisition	$	2.4		$	—		$	2.4		$	2.5
Fixed assets included in accounts payable and accrued liabilities	$	—		$	0.1		$	—		$	0.2