Verisk Analytics (VRSK) Revenue — Quarter Ended Mar 31, 2024
Revenue rose compared with both the prior quarter and the same period a year ago. The company's subscription-based model, with payments collected in advance, underpinned the quarterly performance.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue rose compared with both the prior quarter and the same period a year ago. The company's subscription-based model, with payments collected in advance, underpinned the quarterly performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$704M
Revenue reported for this quarter.
Quarter-over-quarter
+4.0%
Change from the immediately preceding quarter.
Year-over-year
+8.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $675M | +10.2% |
| Sep 30, 2023 | $677.6M | +11.1% |
| Dec 31, 2023 | $677.2M | +7.4% |
| Mar 31, 2024 | $704M | +8.0% |
Revenue performance
Reported revenue showed an increase from the preceding quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher; it also grew compared with the same quarter one year earlier.
What to watch
Deferred revenues increased substantially from the end of the previous year, consistent with the advance payment model.