ROP — Q2 2026 Financial Report Analysis
Q2 · Fiscal year 2026 · Published by Pham Hop · AI-drafted from the SEC filing
Roper's Q2 2026 revenue rose 8.5% to $2.11B (4.9% organic). GAAP EPS of $11.62 was inflated by an $835M Indicor revaluation, while adjusted EPS rose 10% as debt-funded buybacks cut the share count 7%.
- Revenue
- $2.1B
- +8.5% YoY
- Net income
- $1.2B
- +208.9% YoY
- Diluted EPS
- $11.62
- +233.0% YoY
- Operating margin
- 27.7%
Overview
Roper Technologies' second-quarter 2026 revenue rose 8.5% to $2,108.9 million. About 4.9 points of that came from existing businesses ("organic" growth) and 3.4 points from companies Roper bought in 2025, mainly CentralReach, Subsplash and Orchard Software. The headline profit number is misleading. GAAP net earnings more than tripled to $1,168.5 million ($11.62 per diluted share), but almost all of the jump came from an $835.2 million non-cash gain on Roper's minority stake in Indicor, its former industrial business. That stake was revalued after Indicor agreed to sell its instrumentation businesses to AMETEK. Operating income, which leaves that gain out, grew a more modest 6.6% to $584.7 million. Operating margin, the share of revenue left after running the business and before interest and tax, slipped to 27.7% from 28.2%.
The per-share story matters most at Roper this quarter. Over the first half of 2026 the company borrowed a net $2.0 billion on its revolving credit line and spent $2.72 billion buying back 7.9 million of its own shares. Diluted share count fell 7.2%, from 108.4 million to 100.6 million. So adjusted earnings per share grew 10% (to $5.38), even though adjusted net earnings in dollars grew only 3% (to $542 million).
Key metrics
| Metric | Q2 2026 | Q2 2025 | YoY Change |
|---|---|---|---|
| Revenue | $2,108.9M | $1,943.6M | +8.5% |
| Organic revenue growth | +4.9% | — | — |
| Growth from acquisitions |
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