Roper Technologies, Inc.ROP is witnessing persistent strength in the Application Software segment. In the second quarter of 2026, the Application Software segment accounted for nearly 56% of Roper’s total revenues. Segment revenues increased 8% year over year to $1.18 billion. Organic revenues also increased 5% in the same period.
Strength across its Aderant, Deltek, Vertafore and CentralReach businesses has been supporting the segment’s results. The growing adoption of SaaS solutions and continued GenAI innovation (collections, billing appeals, talent & time) are key catalysts to Aderant’s growth. Solid demand for SaaS solutions in the private sector bodes well for the Deltek business.
The Vertafore business is gaining from excellent enterprise delivery capabilities to the largest customers in the market, which has also resulted in strong annual recurring revenue (ARR) growth. Solid momentum in the CentralReach business, driven by higher recurring revenues, also bodes well for the segment.Â
Solid momentum in the project-based private sector, higher education, property and casualty insurance, and legal markets also bodes well for the segment’s growth. Roper expects the segment to maintain solid momentum by delivering organic revenue growth of more than mid-single digits for the rest of 2026. The Application Software segment is well-positioned to drive Roper’s long-term growth and profitability, supported by recurring subscription revenues, broader software adoption and ongoing product enhancements.
Segment Snapshot of ROP’s Peers
Among its major peers, Atlassian Corp.’s TEAM AI-powered capabilities are seeing rapid adoption. Atlassian’s AI-powered Rovo platform and automation tools are boosting growth in its premium and enterprise offerings, driven by strong demand for AI-based workflows. Atlassian’s focus on adding generative AI features to its collaboration software is expected to support long-term revenue growth.
Roper's other peer, Autodesk, Inc.’s ADSK performance is gaining from new business growth, steady subscription renewal rates and strong competitive performance. Higher demand for its cloud-based products, mobile solutions and design suites also bodes well for Autodesk. Autodesk’s aggressive push into cloud infrastructure and AI integration demands substantial capital deployment for data centers, computing resources and specialized talent acquisition.
ROP’s Price Performance, Valuation & Estimates
Shares of Roper have gained 14% in the past month compared with the industry’s growth of 13.4%.
Image Source: Zacks Investment Research
From a valuation standpoint, ROP is trading at a forward price-to-earnings ratio of 16.91X compared with the industry’s average of 18.93X. Roper carries a Value Score of C.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for ROP’s 2026 earnings has increased 4.7% over the past 60 days.
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