VRSK · 10-Q · 2026Q3 · Full report

Operating Expense Trends

Verisk Analytics, Inc. · 2026-11-05 · Importance 30 · Surprise 32

For the nine months ended September 30, 2026, selling, general and administrative expense increased $29.9 million, or 9.2%, to $355.9 million, including a net $16.9 million increase from recent acquisitions, the VMS disposition, and AccuLynx-related costs. The remaining SG&A increase of $13.0 million, or 4.2%, primarily reflected higher salaries, employee benefits, and insurance expense. Nine-month cost of revenues increased 3.2% to $712.0 million, as a $16.5 million net decrease from acquisitions and the disposition offset part of a $38.7 million increase in underlying costs, mainly salaries, benefits, and IT expense. Amortization of intangible assets fell 14.5% to $43.1 million for the nine-month period, primarily because of the VMS disposition and fully amortized intangible assets, partly offset by acquisition-related amortization.

Key facts

• Verisk’s three-month cost of revenues increased $12.5 million, or 5.4%, to $242.0 million in 2026 from $229.5 million in 2025. source
• Verisk’s three-month cost-of-revenue increase excluding recent acquisitions and disposition was $18.3 million, or 8.3%, primarily due to salary, employee benefit, and information technology expense increases. source
• Verisk’s nine-month cost of revenues increased $22.2 million, or 3.2%, to $712.0 million in 2026 from $689.8 million in 2025. source
• Verisk’s nine-month cost-of-revenue increase excluding recent acquisitions and disposition was $38.7 million, or 5.8%, primarily due to salaries, employee benefits, and information technology expense. source
• Verisk’s nine-month SG&A expenses increased $29.9 million, or 9.2%, to $355.9 million in 2026 from $326.0 million in 2025. source
• Verisk expects to grow headcount over time, and expects economies of scale to allow personnel expenses to grow at a lower rate than revenues. source
• Verisk’s three-month selling, general and administrative expenses increased $7.2 million, or 6.5%, to $117.8 million in 2026 from $110.6 million in 2025. source
• Verisk’s three-month SG&A increase excluding acquisitions, disposition, and AccuLynx-related costs was $3.6 million, or 3.5%, primarily due to salary, employee benefit, and insurance expense increases. source