Verisk Analytics, Inc. stock research
FY2025 Q3
Verisk Analytics (VRSK) Gross Margin — Quarter Ended Sep 30, 2025
Revenue and gross profit were slightly lower than the prior quarter but higher than the same quarter last year. Gross margin weakened marginally from the previous quarter yet improved compared to a year ago, reflecting changes in the relationship among revenue, cost of revenue, and gross profit.
Gross margin takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue and gross profit were slightly lower than the prior quarter but higher than the same quarter last year. Gross margin weakened marginally from the previous quarter yet improved compared to a year ago, reflecting changes in the relationship among revenue, cost of revenue, and gross profit.
- The strongest observable driver is the stability of cost of revenue at the same level as the prior quarter, while revenue declined, leading to a slight sequential margin compression. Compared to last year, cost of revenue grew at a slower pace than revenue, supporting margin expansion.
- Sequentially, revenue and gross profit were lower, cost of revenue was unchanged, and gross margin weakened slightly. Year over year, all three metrics were higher, with gross margin improving.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
70.1%
Gross profit
$538.8M
Revenue
$768.3M
Cost of revenue
$229.5M
Quarter-over-quarter change
-0.2 pts
Year-over-year change
+0.9 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 |
|---|---|---|---|---|
| Dec 31, 2024 | $735.6M | $505.1M | $230.5M | 68.7% |
| Mar 31, 2025 | $753.0M | $522.2M | $230.8M | 69.3% |
| Jun 30, 2025 | $772.6M | $543.1M | $229.5M | 70.3% |
| Sep 30, 2025 | $768.3M | $538.8M | $229.5M | 70.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2025
-0.2 pts
Year-over-year change
Sep 30, 2024
+0.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver is the stability of cost of revenue at the same level as the prior quarter, while revenue declined, leading to a slight sequential margin compression. Compared to last year, cost of revenue grew at a slower pace than revenue, supporting margin expansion.
Sequentially, revenue and gross profit were lower, cost of revenue was unchanged, and gross margin weakened slightly. Year over year, all three metrics were higher, with gross margin improving.
Monitor whether cost of revenue remains stable relative to revenue in future quarters, as any shift could alter gross margin direction.