Roper Technologies Q1 Revenue Up 11% to $2.10B, EPS Guidance Raised
Roper posted first-quarter revenue of $2.10 billion, up 11% year-over-year including 6% organic growth and GAAP net earnings of $509 million with adjusted EPS of $5.16. The company repurchased 4.3 million shares for $1.5 billion (6 million shares to date) and raised 2026 adjusted EPS guidance to $21.80-$22.05 per share.
1. Q1 Financial Performance
Roper reported Q1 revenue of $2.10 billion, up 11% year-over-year driven by 6% organic growth and 5% from acquisitions. GAAP net earnings rose 54% to $509 million, adjusted net earnings increased 4% to $539 million, GAAP DEPS climbed 59% to $4.87, and adjusted DEPS reached $5.16 alongside an $797 million adjusted EBITDA.
2. Capital Allocation and Share Repurchases
The company generated $592 million of operating cash flow and $562 million of free cash flow, up 12% and 11% respectively. Roper repurchased 4.3 million shares for $1.5 billion in Q1—6 million shares for $2.2 billion to date—representing nearly 6% of shares outstanding, with $3.8 billion of buyback capacity remaining.
3. Guidance and Strategic Outlook
Roper raised its full-year 2026 adjusted EPS outlook to $21.80–$22.05 (from $21.30–$21.55) and set Q2 adjusted EPS at $5.25–$5.30. The company highlighted robust demand for AI-enabled vertical market solutions and maintains over $5 billion in deployable capital for acquisitions and opportunistic buybacks.