Verisk delivered a quarter that met Wall Street’s revenue expectations, with management attributing growth to a combination of robust subscription revenue expansion and increased client adoption of data-driven solutions. CEO Lee Shavel highlighted that organic constant currency revenue growth improved sequentially, driven by strength in underwriting and claims, as well as heightened demand for AI-enabled products. Management also pointed to rising engagement with new platforms like Mozart Form Composer and strong price realization as factors supporting performance.
Is now the time to buy VRSK? Find out in our full research report (it’s free for active Edge members).
Verisk (VRSK) Q3 2026 highlights:
- Revenue $809 million vs S&P analyst consensus of $806.5 million (5.3% year-on-year growth, in line)
- Adjusted EPS $1.96 vs S&P analyst consensus of $1.92 (2% beat)
- Adjusted EBITDA $459 million vs analyst estimates of $453.9 million (56.7% margin, 1.1% beat)
- Revenue guidance The company reconfirmed its revenue guidance for the full year of $3.22 billion at the midpoint
- Adjusted EPS guidance Management reiterated its full-year adjusted EPS guidance of $7.60 at the midpoint
- EBITDA guidance $1.81 billion at the midpoint for the full year, in line with analyst expectations
- Operating margin 45.2%, in line with the same quarter last year
- Constant currency revenue rose 7.4% year on year (5.5% in the same quarter last year)
- Market capitalization $26.25 billion
While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention.
Our top 5 analyst questions from Verisk’s Q3 earnings call
- Manav Patnaik (Barclays) asked about contractor and adjuster headwinds. CFO Elizabeth Mann clarified that lighter weather activity is pressuring these clients but described it as a minor factor already incorporated into forward guidance.
- Toni Kaplan (Morgan Stanley) questioned the pace of AI adoption and whether it could become a major growth driver. CEO Lee Shavel explained that insurance clients are moving deliberately, requiring empirical validation, but predicted meaningful impact over the next 12–24 months.
- Faiza Alwy (Deutsche Bank) inquired about sustainability of recent transactional revenue strength. Mann responded that some third-quarter gains were from temporary overages and Life Solutions services, which may not recur in the following quarter.
- Curtis Nagle (Bank of America) sought detail on margin drivers and seasonality. Mann noted margin expansion came from both transactional revenue and cost discipline, with typical fourth-quarter seasonality expected.
- Andrew Steinerman (JPMorgan) asked if longer sales cycles could set up stronger future growth. Shavel agreed, saying broader use of AI and datasets among clients should support favorable momentum as adoption accelerates.
Catalysts in upcoming quarters
In future quarters, the StockStory team will focus on (1) the pace of enterprise AI solution adoption and measurable client ROI, (2) expansion of Verisk’s contributory data assets and further upsell of subscription products, and (3) resilience in transactional revenue amid ongoing softness in property and contractor markets. Updates on the regulatory review and potential closing of the AccuLynx acquisition will also be closely monitored.
Verisk currently trades at $204.58, up from $199.35 just before the earnings. In the wake of this quarter, is it a buy or sell? The answer lies in our full research report (it’s free).
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