# Fundamentals #0019: Roper Technologies: 3Q2026 results

Date: 2026-10-22 18:41
URL: https://heniu.blog/en/f-log/flog-2026-10-22-0019/
Author: Heniu (heniu.blog). Text license: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/).

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Roper Technologies (ROP) revenues grew by 7.7% y/y in the third quarter to 2.17 billion USD, and earnings per share (reported) grew by 32.6% y/y to 4.88 USD.

### Quarterly results

Earnings per share (reported, basic) was 4.90 USD (32.4% y/y) compared to 3.70 USD a year earlier.

### Company guidance

The company expects earnings per share (adjusted) in Q4 2026 to be at the level of 5.95–6.00 USD and in FY 2026 in the range of 22.35–22.40 USD.

### What management says

Management emphasized that credit revenues in Vertafore will resemble a subscription due to the model of purchasing a fixed pool in recurring contracts. According to management, the pace of Deltek customers' transition to the cloud is difficult to predict, but the company is pleased with the current momentum. Management indicated that the gross margin on AI agent tools is very good and close to software margins, with the priority remaining the speed of product implementation. According to management, AI products allow for rapid feedback collection and improving solutions after their introduction. Management noted that in Neptune, meter sales were close to expectations, but a higher share of cheaper mechanical models lowered revenues and margin. According to management, the project portfolio for static meters is strong, and projects have been shifted, which is intended to ensure better conditions next year.