Slide 1: Q3 2025 Financial results
Q3 2025 Financial results October 23, 2025
Slide 2: Safe harbor statement
Safe harbor statement The information provided in this presentation contains forward-looking statements within the meaning of the federal securities laws. These forward-looking statements may include, among others, statements regarding operating results, the success of our internal operating plans,
Slide 3: Reg. G Disclosure
Reg. G Disclosure Today’s conference call will discuss results primarily on an adjusted (non-GAAP) and continuing operations basis. Q3 results adjusted for the following items: 1. Amortization of acquisition-related intangible assets 2. Transaction-related expenses associated with completed acquisit
Slide 4: Agenda
Agenda Q3 enterprise highlights & financial results Segment detail & outlook Q4 & FY 2025 enterprise guidance Q&A 4
Slide 5: Q3 overview
Strong third quarter +14% revenue; +13% EBITDA; +17% free cash flow Accelerated AI innovation Q3 overview $3B share repurchase authorization Well positioned for continued M&A deployment Deployed $1.3B toward Subsplash & multiple bolt-on acquisitions Results are presented on an adjusted (non-GAAP) an
Slide 6: Q3 financial highlights
Q3 financial highlights Strong third quarter results Total revenue +14%; M&A contribution +8%; organic revenue +6% EBITDA +13%; EBITDA margin 40.2%; core EBITDA margin +10 bps DEPS +11% to $5.14; includes $(0.05) impact from Q3 bolt-ons not reflected in previous guidance* Free cash flow +17% to $842
Slide 7: Strong financial position
Exited Q3’25 at 3.0x net debt-to-EBITDA $320M of cash; $710M drawn on $3.5B revolver Strong financial Well positioned for continued M&A deployment position Large pipeline of attractive acquisition opportunities $5B+ annual capacity for Board authorized share repurchase capital deployment program $3
Slide 8: Roper's AI opportunity
AI is meaningfully TAM expanding & will fuel growth for ROP Roper’s AI Roper's businesses have a very high right to win in the AI world opportunity Well positioned to be a long- Roper is becoming AI-native in all we do term AI-based winner (customer, product, internal ops, etc.) We have early, yet r
Slide 9: Segment detail & outlook
Segment detail & outlook
Slide 10: Application Software
Application Software Q3 highlights Revenue Revenue +18%; M&A revenue contribution +12%; organic revenue +6% Deltek strong growth across private sector; political uncertainty impacting near-term GovCon demand Another great Aderant quarter; sustained SaaS momentum & AI innovation $644 $803 $984 $1,161
Slide 11: Network Software
Network Software Q3 highlights Revenue Revenue +13%; M&A revenue contribution +7%; organic revenue +6% DAT continued growth from ARPU expansion; Convoy bolt-on & organic innovation further enhanced network value Another strong ConstructConnect quarter; $347 $364 $367 $413 continued ARR growth & AI i
Slide 12: DAT: building a digital freight marketplace
DAT: building a digital freight marketplace Past Present Present Future Load board + data End-to-end freight system New AI Automated freight system at Automation scale Hours Minutes Seconds All the components to Post – Search – Call transform the freight ecosystem One-click automation • Manual, labo
Slide 13: Technology Enabled Products
Technology Enabled Products Q3 highlights Revenue Revenue +7%; organic revenue +6% Neptune growth driven by demand for ultrasonic meters & cloud-based software solutions; tariffs impacted timing Verathon growth from single-use BFlex & $360 $396 $413 $443 GlideScope offerings Q3'22 Q3'23 Q3'24 Q3'25
Slide 14: 2025 enterprise guidance
2025 enterprise guidance
Slide 15: Updating FY 2025 guidance
Updating FY 2025 guidance Total revenue: ~13% (unchanged) Organic: ~6% (previously 6 – 7%) Adjusted DEPS: $19.90 - $19.95 Guidance Previously $19.90 - $20.05 Includes $(0.10) impact from Q3 bolt-ons not reflected in update previous guidance* Establishing Q4 2025 guidance Adjusted DEPS: $5.11 - $5.16
Slide 16: Summary
Strong third quarter +14% revenue; +13% EBITDA; +17% free cash flow Accelerated AI innovation Summary $3B share repurchase authorization Simple ideas. Well positioned for continued M&A Powerful results. deployment Deployed $1.3B toward Subsplash & multiple bolt-on acquisitions Results are presented
Slide 17: Market-leading businesses in defensible niches
Market-leading businesses in defensible niches Decentralized Process-driven operating capital deployment environment 17
Slide 18: Appendix
Appendix
Slide 19: Q3 income statement metrics
Q3 income statement metrics Q3’24 Q3’25 Revenue $1,765 $2,017 +14%; +8% M&A contribution; +6% organic Gross profit $1,222 $1,403 Gross margin 69.2% 69.5% Core +70 bps EBITDA $717 $810 +13% EBITDA margin 40.7% 40.2% Core +10 bps; segment core +30 bps Interest expense $68 $90 Tax rate 21.1% 20.3% Net
Slide 20: Roper's revenue composition
Roper’s revenue composition Disaggregated revenue reconciliation ($M) (from continuing operations) Technology Enabled Q3 2025 Application Software Network Software Products Roper Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 Q3'24 Q3'25 Software related Recurring $ 733 $ 851 $ 266 $ 295 $ 7 $ 13 $ 1,006 $ 1,1
Slide 21: Reconciliations I
Reconciliations I Adjusted EBITDA reconciliation ($M) (from continuing operations) Q3 2022 Q3 2023 Q3 2024 Q3 2025 V% to '24 3-Year CAGR TTM 2025 GAAP revenue $ 1,350 $ 1,563 $ 1,765 $ 2,017 14% 14% $ 7,721 GAAP earnings before income taxes $ 355 $ 443 $ 467 $ 498 $ 1,992 Interest expense 41 42 68 9
Slide 22: Reconciliations II
Reconciliations II Revenue growth reconciliation (from continuing operations) Technology Q3 2025 Application Network Enabled Software Software Products Roper Organic 6% 6% 6% 6% Acquisitions/divestitures 12% 7% 1% 8% Foreign exchange - - - - Total revenue growth 18% 13% 7% 14% Segment reconciliation
Slide 23: Reconciliations III
Reconciliations III Adjusted EBITDA margin reconciliation (from continuing operations) Application Network Software Software Roper Q3'24 adjusted EBITDA margin 43.6% 56.2% 40.7% Core margin impact +40 bps +60 bps +10 bps Margin impact associated with businesses owned for less than 4 full quarters (6
Slide 24: Reconciliations IV
Reconciliations IV Adjusted net earnings reconciliation ($M) (from continuing operations) Q3 2024 Q3 2025 V% GAAP net earnings $ 368 $ 398 8% Restructuring-related expenses associated with the Transact acquisition 7 - Transaction-related expenses for completed acquisitions 4 3 Financial impacts asso
Slide 25: Footnotes
Footnotes A. Adjustments related to the financial impacts associated with the minority investment in Indicor as shown below ($M, except per share data). Forecasted results do not include any potential impacts associated with our minority investment in Indicor, as these potential impacts cannot be re
Slide 26: Roper Technologies
Roper TECHNOLOGIES