Verisk Analytics, Inc. stock research
FY2024 Q1
Verisk Analytics (VRSK) Gross Margin — Quarter Ended Mar 31, 2024
Revenue and gross profit both increased, while cost of revenue rose at a slower rate, leading to a higher gross margin. The gross margin improved compared with both the immediately preceding quarter and the same quarter one year earlier.
Gross margin takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue and gross profit both increased, while cost of revenue rose at a slower rate, leading to a higher gross margin. The gross margin improved compared with both the immediately preceding quarter and the same quarter one year earlier.
- Revenue grew more than cost of revenue, which supported a higher gross margin. This relationship is the strongest observable driver of the margin improvement.
- The current quarter's gross margin was higher than both the prior quarter and the same quarter one year earlier. Revenue and gross profit also increased relative to both comparison periods.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
67.6%
Gross profit
$476.2M
Revenue
$704.0M
Cost of revenue
$227.8M
Quarter-over-quarter change
+1.0 pts
Year-over-year change
+0.8 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 |
|---|---|---|---|---|
| Jun 30, 2023 | $675.0M | $458.1M | $216.9M | 67.9% |
| Sep 30, 2023 | $677.6M | $460.4M | $217.2M | 67.9% |
| Dec 31, 2023 | $677.2M | $451.0M | $226.2M | 66.6% |
| Mar 31, 2024 | $704.0M | $476.2M | $227.8M | 67.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2023
+1.0 pts
Year-over-year change
Mar 31, 2023
+0.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Revenue grew more than cost of revenue, which supported a higher gross margin. This relationship is the strongest observable driver of the margin improvement.
The current quarter's gross margin was higher than both the prior quarter and the same quarter one year earlier. Revenue and gross profit also increased relative to both comparison periods.
Monitor the relationship between revenue growth and cost of revenue growth in future quarters to assess margin sustainability.