Slide 1: Q2 2026 Financial results
Q2 2026 Financial results July 23, 2026
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) basis. Q2 results adjusted for the following items: 1. Amortization of acquisition-related intangible assets 2. Financial impacts associated with minority investment 3. Outgo beneficial interest collec
Slide 4: Agenda
Agenda Q2 enterprise highlights & financial results Segment detail & outlook Q3 & FY 2026 enterprise guidance Q&A 4
Slide 5: Q2 overview
Solid results, increasing outlook Q2: +9% revenue, +5% organic, +11% free cash flow Raising full year guidance Building AI momentum Commercial agentic releases widely across the portfolio Q2 overview Disciplined capital allocation Repurchased 3.6M shares for $1.2B in Q2 Program to date: 9.0M shares
Slide 6: Q2 2026 financial highlights
Q2 2026 financial highlights Solid second quarter results Q2’25 Q2’26 Total revenue +9%; organic revenue +5%; M&A contribution +3% Free cash flow $403 $447 EBITDA +5%; EBITDA margin 38.6%; core EBITDA margin (70) bps Diluted shares 108.4 100.6 (weighted average) DEPS +10% to $5.38 Free cash flow +11
Slide 7: Strong financial position
Exited Q2’26 at 3.4x net debt-to-EBITDA $365M of cash; $2.9B drawn on $3.5B revolver Strong financial Repurchased 9.0M shares for $3.2B to date position Indicor announced agreement to sell $5B+ annual capacity for instrumentation businesses to AMETEK capital deployment $1.4B expected gross proceeds
Slide 8: Segment detail & outlook
Segment detail & outlook
Slide 9: Application Software
Application Software Q2 highlights Revenue Revenue +8%; organic revenue +5%; M&A revenue contribution +3% Great Aderant quarter; launched first-generation AI agents (collections, billing appeals, talent & time) Deltek private sector strength continued; GovCon market stable $770 $932 $1,095 $1,181 Ve
Slide 10: Network Software
Network Software Q2 highlights Revenue Revenue +12%; organic revenue +4%; M&A revenue contribution +8% DAT growth & signs of freight market improvement; continued adoption of digital freight marketplace solutions ConstructConnect growth; continued adoption of $358 $364 $385 $431 AI takeoff solution
Slide 11: Technology Enabled Products
Technology Enabled Products Q2 highlights Revenue Revenue +7%; organic revenue +7% Another outstanding quarter for NDI; continued momentum for precision measurement solutions Neptune declined, less than expected; continued adoption of cloud-based software solutions $403 $421 $463 $497 Q2'23 Q2'24 Q2
Slide 12: 2026 enterprise guidance
2026 enterprise guidance
Slide 13: Guidance update
Increasing FY 2026 guidance Total revenue: 8%+ Previously ~8% Organic: ~6% Guidance Previously +5 - 6% update Adjusted DEPS: $22.15 - $22.30 Previously $21.80 - $22.05 Establishing Q3 2026 guidance Adjusted DEPS: $5.75 - $5.80 Guidance presented on an adjusted (non-GAAP) basis; excludes impact of un
Slide 14: Summary
Solid results, increasing outlook Q2: +9% revenue, +5% organic, +11% free cash flow Raising full year guidance Building AI momentum Summary Commercial agentic releases widely across the portfolio Simple ideas. Disciplined capital allocation Powerful results. Repurchased 3.6M shares for $1.2B in Q2 P
Slide 15: Market-leading businesses in defensible niches
Market-leading businesses in defensible niches Decentralized Process-driven operating capital deployment environment 15
Slide 16: Appendix
Appendix
Slide 17: Q2 income statement metrics
Q2 income statement metrics Q2’25 Q2’26 Revenue $1,944 $2,109 +9%; +5% organic; +3% M&A contribution Gross profit $1,345 $1,470 Gross margin 69.2% 69.7% Core +60 bps EBITDA $775 $815 +5% EBITDA margin 39.9% 38.6% Core (70) bps Interest expense $79 $111 Tax rate 21.8% 20.4% Net earnings $528 $542 +3%
Slide 18: Roper's revenue composition
Roper’s revenue composition Disaggregated revenue reconciliation ($M) Technology Enabled Application Software Network Software Products Roper Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Software related Recurring $ 806 $ 888 $ 280 $ 314 $ 12 $ 14 $ 1,097 $ 1,216 Reoccurring 117 118 71 85 - - 187
Slide 19: Reconciliations I
Reconciliations I Adjusted EBITDA reconciliation ($M) Q2 2023 Q2 2024 Q2 2025 Q2 2026 V% to '25 3-Year CAGR TTM 2026 GAAP revenue $ 1,531 $ 1,717 $ 1,944 $ 2,109 9% 11% $ 8,280 GAAP net earnings $ 361 $ 337 $ 378 $ 1,168 $ 2,504 Taxes 103 88 107 140 472 Interest expense 35 68 79 111 394 Depreciation
Slide 20: Reconciliations II
Reconciliations II Revenue growth reconciliation Technology Q2 2026 Application Network Enabled Software Software Products Roper Organic 5% 4% 7% 5% Acquisitions/divestitures 3% 8% - 3% Foreign exchange - - - - Total revenue growth 8% 12% 7% 9% Segment reconciliation ($M) Application Software Networ
Slide 21: Reconciliations III
Reconciliations III Adjusted EBITDA margin reconciliation Application Network Software Software Roper Q2'25 adjusted EBITDA margin 42.9% 54.6% 39.9% Core margin impact (20 bps) +30 bps (70 bps) Margin impact associated with businesses owned for less than 4 full quarters +10 bps (400 bps) (60 bps) Q2
Slide 22: Reconciliations IV
Reconciliations IV Adjusted net earnings reconciliation ($M) Q2 2025 Q2 2026 V% GAAP net earnings $ 378 $ 1,168 209% Transaction-related expenses for completed acquisitions 3 - Financial impacts associated with minority investments (13) (791) A B Amortization of acquisition-related intangible assets
Slide 23: 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 future impacts associated with our minority investment in Indicor, as these future impacts cannot be reasonab
Slide 24: Roper Technologies
Roper TECHNOLOGIES