Roper Technologies Stock Earnings Reports

Roper reported a strong start to 2026, beating Q1 expectations across key metrics and raising full‑year DEPS guidance to $21.80–$22.05 (a $0.50 increase at the midpoint). Q1 highlights: total revenue +11% (organic +6%), EBITDA +8% to $797M, free cash flow +11% to $562M (trailing 12‑month FCF ~$2.5B), DEPS $5.16, and enterprise gross retention in the mid‑90s. Recurring software revenue grew ~7%, and enterprise software bookings remain strong (core bookings up low‑double digits TTM). The company emphasized accelerating AI product deployment across multiple operating companies (CentralReach, ConstructConnect, Vertafore, DAT, Aderant, Subsplash, SoftWriters), supported by a central Roper AI Accelerator team that has already partnered with Vertafore. Capital deployment remains a priority: since November Roper repurchased ~6M shares for $2.2B, the Board added $3B to buyback authorization ( ~$3.8B remaining) and Roper says it has >$5B of available deployment capacity over the next 12 months. Balance sheet: net leverage ~3.1x net debt/EBITDA after $1.5B of buybacks; closed a new 5‑year $3.5B revolver. Segment notes: Application Software – revenue +12% (organic +5%), strong SaaS momentum (Aderant, CentralReach) and AI agents (Vertafore); Network Software – revenue +14% (organic +5%), strong DAT product progress and Convoy investment, Subsplash acquisition growing; Technology‑Enabled Products – revenue +9% (organic +7%), demand strength at NDI and Verathon but margin pressure from Neptune input costs and greater consumables mix. Guidance maintains total revenue growth ~8% and organic growth 5–6%, with Q2 DEPS guide of $5.25–$5.30 and no assumed material recovery at Deltek GovCon or DAT freight markets. Management reiterated disciplined, opportunistic capital allocation—unbiased between M&A and buybacks—focused on long‑term cash‑flow‑per‑share compounding.