Roper Technologies

Roper Technologies, Inc. (Roper) is a U.S. company based in Sarasota, Florida that owns and runs vertical market software and technology-enabled product businesses. It reports three segments: Application Software, Network Software and Technology Enabled Products. In 2025, revenue was $7.90 billion and adjusted EBITDA was $3.14 billion. In the first nine months of 2026, revenue was $6.376 billion, and Application Software was $3.612 billion of it.

Its businesses include iPipeline, Procare, Strata, PowerPlan and Vertafore. Roper sold a majority of its industrial businesses to CD&R and now holds a minority stake in that company, Indicor. Neil Hunn is President and Chief Executive Officer.

The market prices Roper like the other vertical software companies that investors fear AI will weaken. Roper's results are steady, with organic revenue growth of 7% and adjusted DEPS growth of 15% in Q3 2026, but investors doubt that agentic AI leaves the workflow software that Roper owns as hard to replace as before. Roper also changed its profile in 2026.

It sold most of its industrial businesses, it spent $2.7 billion on repurchases in nine months, and its net debt reached $9.4 billion. For the shares to earn more, three things must be true. Organic revenue growth must stay at 5% or more, with AI features adding revenue and not lowering seats or prices.

Free cash flow must keep funding bolt-on acquisitions at good returns and repurchases, with $2.78 billion of authority left. And the Indicor stake must turn into cash, starting with about $600 million before tax from the sale of Cornell Pump and Roper Pump to Xylem, expected in Q4 2026. The Q4 2026 report and the 2027 guidance, expected in late January 2027, are the next test, and the quarterly reports of 2027 show whether organic growth holds.

1. Oct 22, 2026Passed

   Q3 2026 results: organic growth and 2026 guidanceOrganic revenue growth of 5% or more and a raised 2026 adjusted DEPS outlook pass; slower growth or a cut outlook fail.Outcome: Organic growth was 7%, adjusted DEPS rose 15% to $5.89, and 2026 guidance rose to $22.35 to $22.40.
2. Q4 2026 · est.Due this quarter

   Indicor flow controls sale to Xylem closesCash proceeds of about $600 million before tax by the end of 2026 pass; a block or delay beyond Q1 2027 fails.
3. Jan 26, 2027 · est.Pending

   Q4 2026 results and 2027 guidance2027 adjusted DEPS guidance of $24 or more with organic growth of 5% or more passes; a lower outlook fails.
4. Apr 2027 · est.Pending

   Q1 2027 results: AI products and Network Software growthOrganic growth stays at 5% or more with Network Software above 4% passes; slower growth fails.

Every passed and failed checkpoint across all picks

• November 2, 2026Roper filed its Form 10-Q for Q3 2026. It had 99.04 million shares outstanding at October 28, 2026, down from 106.6 million at the end of 2025. It bought no shares in Q3, and $2,775.9 million of its repurchase authority was left.
• October 22, 2026Roper reported Q3 2026 results. Revenue rose 8% to $2.17 billion, with organic growth of 7%, adjusted EBITDA was $864 million, and adjusted DEPS rose 15% to $5.89. Roper raised its 2026 adjusted DEPS guidance to $22.35 to $22.40 from $22.15 to $22.30, and guided Q4 to $5.95 to $6.00.
• October 22, 2026In the same report, Roper said that it spent $436 million on three bolt-on acquisitions for iPipeline, Procare and Strata in Q3 and received $1.2 billion from Indicor's sale of its instrumentation businesses.

Last earnings

October 22, 2026 (8-K on sec.gov)

Next earnings

Expected about January 26, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed November 2, 2026 · rop-20260930
• 8-KEarnings releaseFiled October 22, 2026 · Press release and exhibits
• 8-KChange of directors or officersFiled October 1, 2026 · rop-20260929
• 8-KCurrent reportFiled August 10, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 31, 2026 · rop-20260630
• 8-KEarnings releaseFiled July 23, 2026 · Press release and exhibits
• 8-KChange of directors or officers and Shareholder vote resultsFiled May 19, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Mar 31, 2026Filed May 1, 2026 · rop-20260331
• 8-KEarnings releaseFiled April 23, 2026 · Press release and exhibits
• 8-KNew material agreement and End of a material agreementFiled April 1, 2026 · Read it on sec.gov

Every filing on SEC EDGAR (CIK 882835)

• AI could lower the cost of building vertical software and let customers replace Roper's products or push down prices. Roper's valuation depends on its software staying embedded in customer workflows.
• Roper's growth depends on buying businesses at good prices. It spent $463.2 million on acquisitions in nine months, and $3.28 billion in the same period of 2025. Higher prices, a blocked deal or poor integration lower returns.
• Net debt was $9,408.7 million at September 30, 2026, or 32.9% of net capital, and $1,250.0 million of the revolver was drawn. Net interest expense rose to $106.7 million in Q3 from $89.7 million a year earlier.
• Organic growth is uneven between segments. Network Software grew 4.9% organically in Q3 2026, and Technology Enabled Products operating margin fell to 33.1% from 33.9%.
• The Indicor stake is carried at $577.0 million with a model that uses unobservable inputs, and the Xylem sale needs regulatory approval. GAAP earnings include gains and losses on the stake, which were a $1,058.7 million gain in nine months.

Roper funds itself with senior notes, a revolving credit facility and cash flow. At September 30, 2026, total debt was $9,719.7 million after deferred financing costs. Read more

Yield at the current rate

0.8% (current annual rate, at today’s price)

Dividend yield

0.8% (last 12 months, at today’s price of $477.70)

Paid per share

$3.64 in the last 12 months (4 payments)

Current annual rate

$3.64 ($0.91 × 4 a year)

Payout ratio

23% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

October 2, 2026, $0.91 per share

Dividends per share by year

From 2020 to 2025, the dividend grew by about 10.0% a year. From 2015 to 2025, the dividend grew by about 12.7% a year.

Source: company filings and market data, read on November 13, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.