Roper Tech | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 2.109 B

Revenue: As of FY2026 Q2, the actual value is USD 2.109 B, beating the estimate of USD 2.098 B.

EPS: As of FY2026 Q2, the actual value is USD 11.62, beating the estimate of USD 3.672.

EBIT: As of FY2026 Q2, the actual value is USD 1.419 B.

Second Quarter 2026 Financial Highlights

Revenue

Roper Technologies, Inc.’s total revenue increased by 9% to $2.11 billion in Q2 2026, with organic revenue growing by 5% and acquisition contribution adding 3%. GAAP revenue for Q2 2026 was $2,109 million, up from $1,944 million in Q2 2025.

Net Earnings

GAAP net earnings for Q2 2026 were $1,168 million, a 209% increase compared to $378 million in Q2 2025. Adjusted net earnings increased by 3% to $542 million in Q2 2026, up from $528 million in Q2 2025.

Operating Cash Flow and Free Cash Flow

GAAP operating cash flow increased by 16% to $469 million in Q2 2026. Adjusted free cash flow increased by 11% to $447 million. Adjusted operating cash flow was $469 million in Q2 2026, an 8% increase from $434 million in Q2 2025.

EBITDA

EBITDA for Q2 2026 was $1,650 million, a 109% increase from $788 million in Q2 2025. Adjusted EBITDA increased by 5% to $815 million in Q2 2026, compared to $775 million in Q2 2025. The adjusted EBITDA margin for Q2 2026 was 38.6%, a decrease of 130 basis points from 39.9% in Q2 2025.

Share Repurchases

Roper Technologies, Inc. repurchased 3.6 million shares for $1.2 billion during Q2 2026. Cumulative share repurchase activity over the past three quarters totaled 9.0 million shares, representing more than 8% of shares outstanding.

Capital Expenditures

Capital expenditures were - $11 million in Q2 2026, compared to - $16 million in Q2 2025. Capitalized software expenditures were - $16 million in Q2 2026, up from - $14 million in Q2 2025. Collections on Outgo’s beneficial interest were $4 million in Q2 2026.

Six Months Ended June 30, 2026 Financial Data

Cash Flow from Operating Activities

Cash provided by operating activities for the six months ended June 30, 2026, was $1,061.6 million, an increase from $932.8 million for the same period in 2025.

Cash Flow from Investing Activities

Cash used in investing activities for the six months ended June 30, 2026, was - $72.3 million, a significant decrease from - $2,051.3 million in the prior year period. Acquisitions of businesses, net of cash acquired, were - $27.5 million, compared to - $2,005.2 million in the previous year. Capital expenditures were - $25.3 million, and capitalized software expenditures were - $30.9 million.

Cash Flow from Financing Activities

Cash used in financing activities for the six months ended June 30, 2026, was - $905.1 million, a change from $1,140.2 million provided by financing activities in the prior year period. This included borrowings under revolving credit facility, net of $2,000.0 million, and repurchases of common stock totaling - $2,726.7 million.

Cash and Cash Equivalents

Net increase in cash and cash equivalents for the six months ended June 30, 2026, was $67.5 million. Cash and cash equivalents at the end of the period were $364.9 million, up from $242.4 million at June 30, 2025.

Segment Performance (Q2 2026)

Net Revenues by Segment

• Application Software: $1,180.8 million.
• Network Software: $430.9 million.
• Technology Enabled Products: $497.2 million.

Gross Profit by Segment

• Application Software: $823.7 million (69.8% margin).
• Network Software: $363.4 million (84.3% margin).
• Technology Enabled Products: $283.1 million (56.9% margin).

Operating Profit by Segment

• Application Software: $324.0 million (27.4% margin).
• Network Software: $176.6 million (41.0% margin).
• Technology Enabled Products: $165.7 million (33.3% margin).

Outlook / Guidance

Roper Technologies, Inc. increased its full year 2026 adjusted DEPS guidance to $22.15 - $22.30, up from previous guidance of $21.80 - $22.05. The company also raised its full year total revenue growth outlook to 8%+ (previously ~8%) and its organic revenue growth outlook to ~6% (previously +5 - 6%). For the third quarter of 2026, adjusted DEPS is expected to be $5.75 - $5.80.