Verisk Analytics, Inc. stock research
FY2023 Q3
Verisk Analytics (VRSK) Gross Margin — Quarter Ended Sep 30, 2023
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit rose in line with revenue, resulting in a gross margin that was stable sequentially and slightly lower than the year-ago period.
Gross margin takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased compared to both the prior quarter and the same quarter last year. Gross profit rose in line with revenue, resulting in a gross margin that was stable sequentially and slightly lower than the year-ago period.
- The gross margin remained unchanged from the previous quarter, indicating that the relationship between cost of revenue and revenue was consistent.
- When compared to the immediately preceding quarter, both revenue and cost of revenue were higher, leaving gross margin flat. Relative to the same quarter one year earlier, revenue and cost of revenue were higher, and gross margin was slightly weaker.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
67.9%
Gross profit
$460.4M
Revenue
$677.6M
Cost of revenue
$217.2M
Quarter-over-quarter change
+0.1 pts
Year-over-year change
-0.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $651.6M | $435.4M | $216.2M | 66.8% |
| Jun 30, 2023 | $675.0M | $458.1M | $216.9M | 67.9% |
| Sep 30, 2023 | $677.6M | $460.4M | $217.2M | 67.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2023
+0.1 pts
Year-over-year change
Sep 30, 2022
-0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin remained unchanged from the previous quarter, indicating that the relationship between cost of revenue and revenue was consistent.
When compared to the immediately preceding quarter, both revenue and cost of revenue were higher, leaving gross margin flat. Relative to the same quarter one year earlier, revenue and cost of revenue were higher, and gross margin was slightly weaker.
Monitor whether cost of revenue continues to grow proportionally with revenue.