EarningsQ2 2026 Earnings Report
MX:ROP Q2 2026 EPS Results
Actual EPS$90.92
Consensus EPS$89.28
Beat/MissBeat by +$1.64
One Year Ago EPS$82.30
MX:ROP Q2 2026 Revenue Results
Actual Revenue$35.64B
Expected Revenue$35.41B
Beat/MissBeat by +$229.06M
YoY Revenue Growth+8.50%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeBefore Open
Conference CallThursday, July 23, 2026
MX:ROP Upcoming Earnings
Roper Technologies's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:ROP Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive and disciplined outlook: solid top- and bottom-line results, raised full-year guidance, robust free cash flow and aggressive share repurchases, alongside widespread AI product launches and early strong customer engagement. Offsetting items include margin pressure (driven mainly by TEP input costs and mix), increased leverage from buybacks, some timing softness in nonrecurring revenues, and near-term uncertainty on AI monetization. Management emphasized prudent capital allocation, planned deleveraging, and preparation for opportunistic M&A while noting promising AI-driven product momentum that should bolster growth over time.Company Guidance
Revenue Growth Exceeds Expectations
Total revenue of $2.1B, up 9% year-over-year; organic revenue +5% and acquisitions contributed ~3 points of growth. Full-year total revenue growth outlook raised to north of 8% with organic growth expected in the ~6% range.
Earnings and Cash Flow Strength
Adjusted diluted EPS of $5.38, up 10% YoY and above guidance; free cash flow of $447M, up 11% YoY and trailing 12-month free cash flow of $2.6B (3-year compound rate ~18%). Full-year adjusted DEPS guidance raised to $22.15–$22.30 (midpoint +$0.30 vs prior).
Recurring Software Revenue Momentum
Organic recurring revenue across software segments grew 7% in the quarter (Application and Network software showing sustained ARR/recurring growth) and management expects organic recurring growth to inflect higher in the second half.
AI/Product Velocity and Early Adoption
Broad portfolio rollout of AI/agentic features across multiple businesses (Deltek, Vertafore, Strata, Aderant, Procare, CentralReach, DAT, SoftWriters, Foundry, ConstructConnect, iTrade). Notable early adoption examples: Procare's Room Runner saw ~20% customer engagement within hours of release; SoftWriters reduced order-entry time from ~90s to ~18s (≈80% reduction); Vertafore agents reduced work from ~1 hour to minutes/2 minutes in highlighted workflows.
Capital Allocation and Share Repurchases
Repurchased 3.6M shares for ~$1.2B in the quarter (avg price ≈$341); cumulative repurchases of ~9M shares for $3.2B (~>8% reduction in share count over 8 months). Company retains >$5B annualized capacity for capital deployment (including expected Indicor proceeds).
Balance Sheet and Liquidity Actions
Expect gross Indicor divestiture proceeds of ~ $1.4B (~$1.2B after tax) which will strengthen liquidity and capacity for M&A; plan to delever quickly via H2 cash flow and Indicor proceeds to prepare for opportunistic acquisitions.
Segment-Level Wins and Product Innovations
Application Software: revenue +8% (organic +5%), continued SaaS transitions and AI agent launches (Aderant, Deltek, Vertafore). Network Software: revenue +12% (organic +4%), DAT showing improving freight indicators; SubSplash and Subsplash/Foundry/ConstructConnect delivered AI-enabled product momentum. TEP: revenue +7% with strong performance at NDI, Verathon and better-than-expected Neptune results.
MX:ROP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed