Roper Technologies, Inc. Q2 FY2026 Earnings Call
With Neil Hunn (President and CEO) and Jason Conley (EVP and CFO).
Roper Technologies is a constituent of the S&P 500 and Fortune 500. Roper has a proven, long-term track record of compounding cash flow and shareholder value.
More about Roper Technologies, Inc.
The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess free cash flow toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.
1Prepared remarks3 speakers
Good morning, and thank you all for joining us as we discuss the second quarter financial results for Roper Technologies. Joining me on the call this morning are Neil Hunn, President and Chief Executive Officer, Jason Conley, Executive Vice President and Chief Financial Officer, Brandon Cross, Vice President and Chief Accounting Officer, and Shannon O'Callaghan, Senior Vice President of Finance. Earlier this morning, we issued a press release announcing our financial results. The press release also includes replay…
Thank you, Zack, and thanks to everyone for joining us this morning. You can see our agenda on page four, so let's get right into it. Next slide, please. As we turn to page five, I want to highlight three takeaways for today's call. First, we delivered solid results and are raising our outlook for the year. Second, AI momentum continues to build across the enterprise at an accelerating pace. Third, we continue to execute our capital allocation opportunities with our long-standing discipline. Let me double-click…
Thanks, Neil, and good morning, everyone. I'll first take you through our second quarter financial performance beginning on slide six. At a high level, this was a solid second quarter. We finished above the high end of our DEPS guidance range, and organic growth was slightly above expectations. Revenue of $2.1 billion was up 9%, with organic growth of 5% and acquisitions contributing three points. Organic recurring revenue across our software segments grew 7% in the quarter, consistent with our Q1 performance…
Thanks, Jason. As we turn to page nine, let's review our application software segment. Revenue grew 8% in total, with organic revenue growth of 5%, slightly better than our expectations. EBITDA margins were 42.8%, and core margins declined 20 basis points year-over-year. Organic recurring and reoccurring revenue, which represents about 85% of the segment, continued to grow in the mid-single digit plus range, while non-recurring revenue was down low single digits. Looking across the segment, a couple…