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Contingencies (Details) - PowerPlan, Inc $ in Millions	1 Months Ended
Contingencies (Details) - PowerPlan, Inc $ in Millions	Jan. 31, 2025 USD ($)
Loss Contingencies [Line Items]
Damages sought by plaintiff	$ 24.0
Damages sought by plaintiff after tax	$ 17.7

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 31, 2025	Mar. 31, 2024
Pay vs Performance Disclosure
Net earnings	$ 331.1	$ 382.0

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Fair Value

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value

Financial assets and liabilities are valued using market prices on active markets (Level 1), less active markets (Level 2), and little or no market activity (Level 3). Level 1 instrument valuations are obtained from real-time quotes for transactions in active exchange markets involving identical assets. Level 2 instrument valuations are obtained from readily available pricing sources for comparable instruments, identical instruments in less active markets, or models using market observable inputs. Level 3 instrument valuations typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.

Debt – As of March 31, 2025 and December 31, 2024, the total estimated fair value of Roper’s fixed-rate senior notes was $7,108.9 and $7,005.2, respectively. The fair values of the senior notes are based on the trading prices of each series of notes, which the Company has determined to be Level 2 in the FASB fair value hierarchy.

At March 31, 2025 and December 31, 2024, there were no and $125.0 borrowings outstanding under our unsecured revolving credit facility, respectively. The carrying value of these borrowings approximates their estimated fair value.

Indicor Investment – As of March 31, 2025 and December 31, 2024, the Company held a 45.1% and 45.5% equity interest in Indicor Equity, LLC, respectively. We elected to apply the fair value option as we believe this is the most reasonable method to value this equity investment. The fair value of Roper’s equity investment in Indicor is estimated on a quarterly basis and the change in fair value is reported as a component of “Equity investments (gain) loss, net” in our Condensed Consolidated Statements of Earnings.

Although we believe our assumptions are considered reasonable and are consistent with the plans and estimates included in our Annual Report, there is significant judgment applied to determine fair value. Changes in estimates or the application of alternative assumptions could produce significantly different results. Our valuation methodology utilizes the market multiple approach consisting of comparable guideline public companies revenue and earnings multiples to estimate the fair value of this equity investment. The fair value of the investment reflects management’s estimate of assumptions that market participants would use in pricing the equity interest, which the Company has determined to be Level 3 in the FASB fair value hierarchy.

The following table provides a reconciliation of the fair value for our equity investment in Indicor measured using Level 3 inputs:


	Three months ended March 31,
		2025		2024
Beginning balance		$	772.3	$	675.9
Change in fair value		(44.1)		64.4
Ending balance		$	728.2	$	740.3

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

Insider Trading Arrangements shares in Thousands	3 Months Ended
Insider Trading Arrangements shares in Thousands	Mar. 31, 2025 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
L. Neil Hunn [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On February 5, 2025, L. Neil Hunn, our President and Chief Executive Officer and a member of our Board of Directors, adopted a 10b5-1 trading plan that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the exercise and sale of up to 30,000 stock options, subject to certain price limitations set forth in the plan. The 10b5-1 trading plan was adopted during an open insider trading window, and no sales will commence under the plan until completion of the required cooling-off period. The 10b5-1 trading plan terminates on November 17, 2025, unless terminated sooner in accordance with its terms.
Name	L. Neil Hunn
Title	President and Chief Executive Officer and a member of our Board of Directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	February 5, 2025
Arrangement Duration	285 days
Aggregate Available	30

Stock-Based Compensation - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock options granted during the period (in shares)	242	244
Fair value per share (in dollars per share)	$ 182.89	$ 173.78
Cash received from exercise of options	$ 61.1	$ 39.3
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards granted (in shares)	342	337
Weighted-average grant date fair value (in dollars per share)	$ 608.04	$ 557.15
Restricted stock awards vested during period (in shares)	93	100
Weighted average grant date fair value per share (in dollars per share)	$ 479.18	$ 437.34
Weighted average vest date fair value per share (in dollars per share)	$ 582.56	$ 556.38
Performance/market-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock awards granted (in shares)	74	72
Weighted-average grant date fair value (in dollars per share)	$ 663.42	$ 563.04
Vesting period	3 years
Performance/market-based \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	200.00%
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of eligible earnings to purchase common stock through the employee stock purchase plan	10.00%
Discount on the average closing price for the employee stock purchase plan	10.00%
Shares of stock purchased during the period by participants in the employee stock purchase plan (in shares)	16	12
Proceeds from issuance of shares under employee stock purchase plan	$ 7.2	$ 5.8

Reportable Segments (Details) - USD ($) $ in Millions	3 Months Ended
Reportable Segments (Details) - USD ($) $ in Millions	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Segment Reporting Information [Line Items]
Net revenues	$ 1,882.8	$ 1,680.7
Cost of sales	589.1	499.7
SG&A expenses	767.9	699.7
Capital expenditures	9.5	9.3
Operating Segments
Segment Reporting Information [Line Items]
Net revenues	1,882.8	1,680.7
Cost of sales	589.1	499.7
SG&A expenses	696.6	638.2
Operating profit	597.1	542.8
Depreciation and other amortization	212.3	194.0
Capital expenditures	9.3	8.7
Capitalized software expenditures	12.4	9.6
Total assets:	30,463.1		$ 30,447.0
Corporate
Segment Reporting Information [Line Items]
Unallocated corporate general and administrative expenses	71.3	61.5
Application Software
Segment Reporting Information [Line Items]
Net revenues	1,068.2	895.2
Application Software \| Operating Segments
Segment Reporting Information [Line Items]
Net revenues	1,068.2	895.2
Cost of sales	347.4	269.5
SG&A expenses	444.0	386.1
Operating profit	276.8	239.6
Depreciation and other amortization	165.6	147.7
Capital expenditures	4.3	4.7
Capitalized software expenditures	12.4	9.5
Total assets:	23,474.1		23,600.9
Network Software
Segment Reporting Information [Line Items]
Net revenues	375.9	370.8
Network Software \| Operating Segments
Segment Reporting Information [Line Items]
Net revenues	375.9	370.8
Cost of sales	60.3	54.5
SG&A expenses	148.9	149.3
Operating profit	166.7	167.0
Depreciation and other amortization	41.3	40.3
Capital expenditures	2.6	1.3
Capitalized software expenditures	0.0	0.1
Total assets:	5,312.1		5,348.0
Technology Enabled Products
Segment Reporting Information [Line Items]
Net revenues	438.7	414.7
Technology Enabled Products \| Operating Segments
Segment Reporting Information [Line Items]
Net revenues	438.7	414.7
Cost of sales	181.4	175.7
SG&A expenses	103.7	102.8
Operating profit	153.6	136.2
Depreciation and other amortization	5.4	6.0
Capital expenditures	2.4	2.7
Capitalized software expenditures	0.0	$ 0.0
Total assets:	$ 1,676.9		$ 1,498.1

Fair Value (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Change in Fair Value for the Equity Investment

The following table provides a reconciliation of the fair value for our equity investment in Indicor measured using Level 3 inputs:


	Three months ended March 31,
		2025		2024
Beginning balance		$	772.3	$	675.9
Change in fair value		(44.1)		64.4
Ending balance		$	728.2	$	740.3

Business Acquisitions	3 Months Ended
Business Acquisitions	Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Acquisitions	Business Acquisitions On February 19, 2025, Roper acquired substantially all of the assets of Muni-Link for a purchase price of $118.0, which contemplates a net present value tax benefit of approximately $20. Muni-Link is a leading provider of cloud-based utility management, billing, and customer communication software solutions for municipalities and other local governments. This acquisition has been integrated into our Neptune business and its results are reported in the Technology Enabled Products reportable segment. The Company recorded $73.5 in goodwill and $45.6 of other identifiable intangibles in connection with this acquisition. The amortizable intangible assets include customer relationships of $41.8 (17 year useful life) and technology of $3.8 (5 year useful life). The results of operations of the acquired business are included in Roper’s Condensed Consolidated Financial Statements from the date of acquisition. Pro forma results of operations and the revenues and net earnings subsequent to the acquisition date have not been presented because the effects of the acquisition were not material to our financial results. On April 23, 2025, Roper acquired CentralReach Holdings, LLC (“CentralReach”) for a purchase price of approximately $1,850, which contemplates a net present value tax benefit of approximately $200. CentralReach is a leading provider of cloud-based software and artificial intelligence-enabled solutions enabling the workflow and administration of applied behavior analysis (ABA) therapy for autism spectrum disorder (ASD) and related disabilities care. The results of CentralReach will be reported in the Application Software reportable segment beginning in the second quarter of 2025. The transaction was funded using borrowings under Roper’s unsecured revolving credit facility.

Revenues from Contracts - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Total Revenue	$ 1,882.8	$ 1,680.7
Application Software
Disaggregation of Revenue [Line Items]
Total Revenue	1,068.2	895.2
Network Software
Disaggregation of Revenue [Line Items]
Total Revenue	375.9	370.8
Technology Enabled Products
Disaggregation of Revenue [Line Items]
Total Revenue	438.7	414.7
Total Software Revenue
Disaggregation of Revenue [Line Items]
Total Revenue	1,453.0	1,271.6
Total Software Revenue \| Application Software
Disaggregation of Revenue [Line Items]
Total Revenue	1,068.2	895.2
Total Software Revenue \| Network Software
Disaggregation of Revenue [Line Items]
Total Revenue	375.9	370.8
Total Software Revenue \| Technology Enabled Products
Disaggregation of Revenue [Line Items]
Total Revenue	8.9	5.6
Recurring
Disaggregation of Revenue [Line Items]
Total Revenue	1,053.6	967.0
Recurring \| Application Software
Disaggregation of Revenue [Line Items]
Total Revenue	769.4	693.6
Recurring \| Network Software
Disaggregation of Revenue [Line Items]
Total Revenue	275.3	267.8
Recurring \| Technology Enabled Products
Disaggregation of Revenue [Line Items]
Total Revenue	8.9	5.6
Reoccurring
Disaggregation of Revenue [Line Items]
Total Revenue	201.6	122.2
Reoccurring \| Application Software
Disaggregation of Revenue [Line Items]
Total Revenue	133.9	53.6
Reoccurring \| Network Software
Disaggregation of Revenue [Line Items]
Total Revenue	67.7	68.6
Reoccurring \| Technology Enabled Products
Disaggregation of Revenue [Line Items]
Total Revenue	0.0	0.0
Non-recurring
Disaggregation of Revenue [Line Items]
Total Revenue	197.8	182.4
Non-recurring \| Application Software
Disaggregation of Revenue [Line Items]
Total Revenue	164.9	148.0
Non-recurring \| Network Software
Disaggregation of Revenue [Line Items]
Total Revenue	32.9	34.4
Non-recurring \| Technology Enabled Products
Disaggregation of Revenue [Line Items]
Total Revenue	0.0	0.0
Product Revenue
Disaggregation of Revenue [Line Items]
Total Revenue	429.8	409.1
Product Revenue \| Application Software
Disaggregation of Revenue [Line Items]
Total Revenue	0.0	0.0
Product Revenue \| Network Software
Disaggregation of Revenue [Line Items]
Total Revenue	0.0	0.0
Product Revenue \| Technology Enabled Products
Disaggregation of Revenue [Line Items]
Total Revenue	$ 429.8	$ 409.1

Stock-Based Compensation - Schedule of Weighted Average Assumptions Used to Value Option Grants (Details)	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Risk-free interest rate (%)	4.12%	4.15%
Expected option life (years)	5 years 8 months 26 days	5 years 8 months 23 days
Expected volatility (%)	25.07%	25.57%
Expected dividend yield (%)	0.52%	0.50%

Business Acquisitions (Details) - USD ($) $ in Millions			3 Months Ended
Business Acquisitions (Details) - USD ($) $ in Millions	Apr. 23, 2025	Feb. 19, 2025	Mar. 31, 2025	Dec. 31, 2024
Business Acquisition [Line Items]
Goodwill			$ 19,408.2	$ 19,312.9
MuniLink
Business Acquisition [Line Items]
Aggregate purchase price		$ 118.0
Federal tax attributes		$ 20.0
Goodwill			73.5
Other identifiable intangibles			45.6
MuniLink \| Customer related intangibles
Business Acquisition [Line Items]
Other identifiable intangibles			$ 41.8
Weighted average useful life of finite-lived intangible assets (in years)			17 years
MuniLink \| Technology
Business Acquisition [Line Items]
Other identifiable intangibles			$ 3.8
Weighted average useful life of finite-lived intangible assets (in years)			5 years
CentralReach \| Subsequent Event
Business Acquisition [Line Items]
Aggregate purchase price	$ 1,850.0
Federal tax attributes	$ 200.0

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2025	Apr. 25, 2025
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2025
Document Transition Report	false
Entity File Number	1-12273
Entity Registrant Name	ROPER TECHNOLOGIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0263969
Entity Address, Address Line One	6496 University Parkway
Entity Address, City or Town	Sarasota,
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	34240
City Area Code	941
Local Phone Number	556-2601
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	ROP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		107,515,397
Entity Central Index Key	0000882835
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($)
Goodwill [Roll Forward]
Balance at beginning of period	$ 19,312.9
Goodwill acquired	73.5
Other	7.5
Currency translation adjustments	14.3
Balance at end of period	19,408.2
Application Software
Goodwill [Roll Forward]
Balance at beginning of period	14,677.6
Goodwill acquired	0.0
Other	7.4
Currency translation adjustments	8.8
Balance at end of period	14,693.8
Network Software
Goodwill [Roll Forward]
Balance at beginning of period	3,706.4
Goodwill acquired	0.0
Other	0.1
Currency translation adjustments	5.3
Balance at end of period	3,711.8
Technology Enabled Products
Goodwill [Roll Forward]
Balance at beginning of period	928.9
Goodwill acquired	73.5
Other	0.0
Currency translation adjustments	0.2
Balance at end of period	$ 1,002.6

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

Recent Accounting Pronouncements	3 Months Ended
Recent Accounting Pronouncements	Mar. 31, 2025
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Financial Accounting Standards Board (“FASB”) establishes changes to accounting principles under GAAP in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification (“ASC”). The Company considers the applicability and impact of all ASUs. Any recent ASUs not listed below were assessed and either determined to be not applicable or are expected to have an immaterial impact on the Company’s Consolidated Financial Statements. In November 2023, the FASB issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (ASU 2023-07), which expands reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This guidance is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted this update beginning with the year ended December 31, 2024. In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (ASU 2023-09), which expands income tax disclosure requirements, including disaggregation of rate reconciliation table categories, disaggregation of earnings before income taxes and income tax expense information, and disaggregation of income taxes paid information, among other changes. This guidance is effective for annual periods beginning after December 15, 2024. This ASU will likely result in additional disclosures. We are currently evaluating the provisions of this ASU. In November 2024, the FASB issued Accounting Standards Update No. 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (ASU 2024-03), which requires the disclosure of additional information about specific categories of costs and expenses in the notes to consolidated financial statements. This guidance is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. This ASU will likely result in additional disclosures. We are currently evaluating the provisions of this ASU.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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+ Details

Revenues from Contracts - Remaining Performance Obligations Narrative (Details) $ in Millions	Mar. 31, 2025 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 4,656.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligations	$ 3,033.8
Remaining performance obligations, percentage	65.00%
Remaining performance obligations, expected timing of satisfaction	12 months

Weighted Average Shares Outstanding - Schedule of Weighted Average Shares Outstanding (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Earnings Per Share [Abstract]
Basic shares outstanding (in shares)	107.4	107.0
Effect of potential common stock:
Common stock awards (in shares)	0.8	0.9
Diluted shares outstanding (in shares)	108.2	107.9

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 65.1	$ 65.5
Work in process	32.2	32.1
Finished products	39.4	34.4
Inventory reserves	(11.2)	(11.2)
Inventories, net	$ 125.5	$ 120.8

Goodwill and Other Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 204.0	$ 185.0
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 194.5	$ 178.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Weighted Average Shares Outstanding - Narrative (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Earnings Per Share [Abstract]
Antidilutive stock-based awards (in shares)	844	548

Condensed Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Comprehensive Income [Abstract]
Net earnings	$ 331.1	$ 382.0
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	19.7	(19.1)
Total other comprehensive income (loss), net of tax	19.7	(19.1)
Comprehensive income	$ 350.8	$ 362.9

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Stock-Based Compensation

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

The Roper Technologies, Inc. 2021 Incentive Plan is a stock-based compensation plan used to grant incentive stock options, nonqualified stock options, restricted stock and restricted stock units (collectively “restricted stock awards”), stock appreciation rights, or equivalent instruments to Roper’s employees, officers, directors, and consultants.

Information regarding the Company’s stock-based compensation expense, included as a component of “Selling, general and administrative expenses” (“SG&A expenses”), is provided in the following table:


	Three months ended March 31,
		2025		2024
Stock-based compensation		$	38.8	$	33.6
Tax benefit recognized in net earnings		$	6.3	$	5.9

The Company accounts for forfeitures of stock-based awards as they occur, with previously recognized compensation reversed in the period in which the awards are forfeited.

Stock Options – During the three months ended March 31, 2025, 0.242 options were granted with a weighted-average fair value of $182.89 per option. During the comparable period in 2024, 0.244 options were granted with a weighted-average fair value of $173.78 per option. All options were granted with an exercise price equal to the closing price of Roper’s common stock on the date of grant, as required by the Company’s stock-based compensation plan.

Roper records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes option valuation model. Historical data is used to estimate the expected price volatility, the expected dividend yield, and the expected option life. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for the expected life of the option.

The following weighted average assumptions were used to estimate the fair value of options granted during the current and prior year periods using the Black-Scholes option valuation model:


	Three months ended March 31,
	2025	2024
Risk-free interest rate (%)	4.12	4.15
Expected option life (years)	5.74	5.73
Expected volatility (%)	25.07	25.57
Expected dividend yield (%)	0.52	0.50

Cash received from option exercises for the three months ended March 31, 2025 and 2024 was $61.1 and $39.3, respectively.

Restricted Stock Awards – During the three months ended March 31, 2025, the Company granted 0.342 shares of restricted stock awards with a weighted-average grant date fair value of $608.04 per share. During the comparable period in 2024, the Company granted 0.337 shares of restricted stock awards with a weighted-average grant date fair value of $557.15 per share. These awards were granted at the fair market value of the share on the date of grant.

Restricted stock awards include 0.074 and 0.072 performance-based restricted stock awards granted to certain members of the Roper senior leadership team during the three months ended March 31, 2025 and 2024, respectively, with a weighted-average grant date fair value of $663.42 and $563.04 per share, respectively. Such awards include the ability to earn up to 200% of the number of restricted stock awards originally granted contingent upon Roper’s performance over a three-year period, subject to a market modifier based on the Company’s ranking of total shareholder return relative to the other companies within the Standard & Poor’s 500 Stock Index.

During the three months ended March 31, 2025, 0.093 restricted stock award shares vested with a weighted-average grant date fair value of $479.18 per share and a weighted-average vest date fair value of $582.56 per share. During the comparable period in 2024, 0.100 restricted stock award shares vested with a weighted-average grant date fair value of $437.34 per share and a weighted-average vest date fair value of $556.38 per share.

Employee Stock Purchase Plan – Roper’s employee stock purchase plan (“ESPP”) allows employees in the U.S. and Canada to designate up to 10% of eligible earnings to purchase Roper’s common stock at a 10% discount on the lower of the closing price on the first and last day of each quarterly offering period. Common stock sold to employees pursuant to the ESPP may be either treasury stock, stock purchased on the open market, or newly issued shares.

During the three months ended March 31, 2025 and 2024, participants of the ESPP purchased 0.016 and 0.012 shares, respectively, of Roper’s common stock for total consideration of $7.2 and $5.8, respectively. All of these shares were purchased from Roper’s treasury shares.

Revenues from Contracts - Schedule of Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Unbilled receivables	$ 135.7	$ 127.3
Deferred revenue – current	(1,667.9)	(1,737.4)
Deferred revenue - non-current	(164.9)	(154.7)
Net contract assets/(liabilities)	(1,697.1)	$ (1,764.8)
Change in unbilled receivables	8.4
Change in deferred revenue - current	69.5
Change in deferred revenue - non-current	(10.2)
Change in net contract assets/(liabilities)	$ 67.7

Weighted Average Shares Outstanding (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Weighted Average Shares Outstanding

Weighted average shares outstanding are presented below:


	Three months ended March 31,
		2025	2024
Basic shares outstanding		107.4	107.0
Effect of potential common stock:
Common stock awards		0.8	0.9
Diluted shares outstanding		108.2	107.9

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net earnings	$ 331.1	$ 382.0
Adjustments to reconcile net earnings to cash flows from operating activities:
Depreciation and amortization of property, plant and equipment	9.1	9.2
Amortization of intangible assets	204.0	185.0
Amortization of deferred financing costs	2.8	2.2
Non-cash stock compensation	38.8	33.6
Equity investments (gain) loss, net	44.4	(57.0)
Income tax provision	86.9	101.9
Changes in operating assets and liabilities, net of acquired businesses:
Accounts receivable	74.4	79.4
Unbilled receivables	(7.6)	(12.2)
Inventories	(4.1)	(7.9)
Prepaid expenses and other current assets	(41.3)	(26.8)
Accounts payable	2.9	0.3
Other accrued liabilities	(107.4)	(69.3)
Deferred revenue	(70.6)	(70.5)
Cash income taxes paid	(29.1)	(19.0)
Other, net	(5.6)	0.6
Cash provided by operating activities	528.7	531.5
Cash flows used in investing activities:
Acquisitions of businesses, net of cash acquired	(124.9)	(1,858.7)
Capital expenditures	(9.5)	(9.3)
Capitalized software expenditures	(12.4)	(9.6)
Other	0.0	(1.0)
Cash used in investing activities	(146.8)	(1,878.6)
Cash flows from (used in) financing activities:
Borrowings (payments) under revolving line of credit, net	(125.0)	1,390.0
Cash dividends to stockholders	(88.6)	(80.5)
Proceeds from stock-based compensation, net	42.7	21.7
Treasury stock sales	7.2	5.8
Other, net	(44.1)	(0.1)
Cash provided by (used in) financing activities	(207.8)	1,336.9
Effect of exchange rate changes on cash	10.5	(5.7)
Net increase (decrease) in cash and cash equivalents	184.6	(15.9)
Cash and cash equivalents, beginning of period	188.2	214.3
Cash and cash equivalents, end of period	$ 372.8	$ 198.4

Fair Value - Schedule of Change in Fair Value for the Equity Investment (Details) - Indicor - Equity Method Investments - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Equity Method Investments
Beginning balance	$ 772.3	$ 675.9
Change in fair value	(44.1)	64.4
Ending balance	$ 728.2	$ 740.3

Inventories (Tables)

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

Schedule of Inventories

The components of inventories were as follows:


	March 31, 2025		December 31, 2024
Raw materials and supplies	$	65.1	$	65.5
Work in process	32.2		32.1
Finished products	39.4		34.4
Inventory reserves	(11.2)		(11.2)
Inventories, net	$	125.5	$	120.8

Weighted Average Shares Outstanding

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Weighted Average Shares Outstanding

Basic earnings per share was calculated using net earnings and the weighted average number of shares of common stock outstanding during the respective period. Diluted earnings per share was calculated using net earnings and the weighted average number of shares of common stock and potential common stock outstanding during the respective period. Potentially dilutive common stock consisted of stock options and restricted stock awards based upon the average trading price of Roper’s common stock. The effects of potential common stock were determined using the treasury stock method.

Weighted average shares outstanding are presented below:


	Three months ended March 31,
		2025	2024
Basic shares outstanding		107.4	107.0
Effect of potential common stock:
Common stock awards		0.8	0.9
Diluted shares outstanding		108.2	107.9

For the three months ended March 31, 2025, there were 0.844 stock-based awards outstanding that were not included in the determination of diluted earnings per share because to do so would have been antidilutive, as compared to 0.548 stock-based awards outstanding that would have been antidilutive in the comparable period of 2024.

Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents selected financial information by reportable segment:


	Three months ended March 31, 2025									Three months ended March 31, 2024
	Application Software		Network Software		Technology Enabled Products		Segments Total			Application Software		Network Software		Technology Enabled Products		Segments Total
Net revenues	$	1,068.2	$	375.9	$	438.7		$	1,882.8	$	895.2	$	370.8	$	414.7		$	1,680.7
Cost of sales	347.4		60.3		181.4			589.1		269.5		54.5		175.7			499.7
SG&A expenses	444.0		148.9		103.7			696.6		386.1		149.3		102.8			638.2
Operating profit*	$	276.8	$	166.7	$	153.6		$	597.1	$	239.6	$	167.0	$	136.2		$	542.8

Depreciation and other amortization	$	165.6	$	41.3	$	5.4		$	212.3	$	147.7	$	40.3	$	6.0		$	194.0

Capital expenditures	$	4.3	$	2.6	$	2.4		$	9.3	$	4.7	$	1.3	$	2.7		$	8.7
Capitalized software expenditures	$	12.4	$	—	$	—		$	12.4	$	9.5	$	0.1	$	—		$	9.6

* Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $71.3 and $61.5 for the three months ended March 31, 2025 and 2024, respectively, and are included within consolidated SG&A expenses to arrive at “Income from operations” in our Condensed Consolidated Statements of Earnings. Items below “Income from operations” are not allocated to reportable segments.

The following table presents selected asset information by reportable segment:


	March 31, 2025		December 31, 2024
Total assets:
Application Software	$	23,474.1	$	23,600.9
Network Software	5,312.1		5,348.0
Technology Enabled Products	1,676.9		1,498.1

Segments Total	$	30,463.1	$	30,447.0

Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The carrying value of goodwill by segment was as follows:


	Application Software		Network Software		Technology Enabled Products		Total
Balances at December 31, 2024	$	14,677.6	$	3,706.4	$	928.9	$	19,312.9
Goodwill acquired	—		—		73.5		73.5

Other	7.4		0.1		—		7.5
Currency translation adjustments	8.8		5.3		0.2		14.3
Balances at March 31, 2025	$	14,693.8	$	3,711.8	$	1,002.6	$	19,408.2

Schedule of Other Intangible Assets - Subject to Amortization

Other intangible assets were comprised of:


	Cost		Accumulated amortization		Net book value
Assets subject to amortization:
Customer related intangibles	$	11,303.7	$	(3,457.0)	$	7,846.7
Unpatented technology	851.7		(454.7)		397.0

Patents and other protective rights	9.2		(1.9)		7.3

Assets not subject to amortization:
Trade names	808.6		—		808.6

Balances at December 31, 2024	$	12,973.2	$	(3,913.6)	$	9,059.6

Assets subject to amortization:
Customer related intangibles	$	11,354.3	$	(3,623.5)	$	7,730.8
Unpatented technology	794.0		(425.2)		368.8

Patents and other protective rights	9.1		(1.9)		7.2

Assets not subject to amortization:
Trade names	810.1		—		810.1

Balances at March 31, 2025	$	12,967.5	$	(4,050.6)	$	8,916.9

Schedule of Other Intangible Assets - Not Subject to Amortization

Other intangible assets were comprised of:


	Cost		Accumulated amortization		Net book value
Assets subject to amortization:
Customer related intangibles	$	11,303.7	$	(3,457.0)	$	7,846.7
Unpatented technology	851.7		(454.7)		397.0

Patents and other protective rights	9.2		(1.9)		7.3

Assets not subject to amortization:
Trade names	808.6		—		808.6

Balances at December 31, 2024	$	12,973.2	$	(3,913.6)	$	9,059.6

Assets subject to amortization:
Customer related intangibles	$	11,354.3	$	(3,623.5)	$	7,730.8
Unpatented technology	794.0		(425.2)		368.8

Patents and other protective rights	9.1		(1.9)		7.2

Assets not subject to amortization:
Trade names	810.1		—		810.1

Balances at March 31, 2025	$	12,967.5	$	(4,050.6)	$	8,916.9

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

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+ Details

Inventories

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

Inventories

The components of inventories were as follows:


	March 31, 2025		December 31, 2024
Raw materials and supplies	$	65.1	$	65.5
Work in process	32.2		32.1
Finished products	39.4		34.4
Inventory reserves	(11.2)		(11.2)
Inventories, net	$	125.5	$	120.8

Fair Value - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Indicor
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investment, ownership percentage	45.10%	45.50%
Line of Credit \| Unsecured Credit Facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Credit facility outstanding	$ 0.0	$ 125.0
Fair Value, Inputs, Level 2 \| Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 7,108.9	$ 7,005.2

Condensed Consolidated Statements of Changes in Stockholders' Equity (unaudited) - USD ($) $ in Millions	Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive loss	Treasury stock
Balance at beginning of period at Dec. 31, 2023	$ 17,444.8	$ 1.1	$ 2,767.0	$ 14,816.3	$ (122.8)	$ (16.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	382.0			382.0
Stock option exercises	47.4		47.4
Treasury stock sold	5.8		5.7			0.1
Currency translation adjustments	(19.1)				(19.1)
Stock-based compensation	34.6		34.6
Restricted stock activity	(17.6)		(17.6)
Dividends declared	(80.3)			(80.3)
Balance at end of period at Mar. 31, 2024	17,797.6	1.1	2,837.1	15,118.0	(141.9)	(16.7)
Balance at beginning of period at Dec. 31, 2024	18,867.6	1.1	3,014.6	16,034.9	(166.5)	(16.5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	331.1			331.1
Stock option exercises	67.4		67.4
Treasury stock sold	7.2		7.0			0.2
Currency translation adjustments	19.7				19.7
Stock-based compensation	38.1		38.1
Restricted stock activity	(18.4)		(18.4)
Dividends declared	(89.1)			(89.1)
Balance at end of period at Mar. 31, 2025	$ 19,223.6	$ 1.1	$ 3,108.7	$ 16,276.9	$ (146.8)	$ (16.3)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest.

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+ Details

Revenues from Contracts

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenues from Contracts

Disaggregated Revenue – We disaggregate our revenues by reportable segment into four categories: (i) recurring revenue comprised of Software-as-a-Service (“SaaS”), annual term licenses, and software maintenance; (ii) reoccurring revenue comprised of transactional and volume-based fees facilitated through our software; (iii) non-recurring revenue comprised of multi-year term and perpetual software licenses, professional services associated with software products and hardware sold with our software licenses; and (iv) product revenue. See details in the table below:


	Three months ended March 31, 2025								Three months ended March 31, 2024
Revenue stream	Application Software		Network Software		Technology Enabled Products		Total		Application Software		Network Software		Technology Enabled Products		Total
Software related
Recurring	$	769.4	$	275.3	$	8.9	$	1,053.6	$	693.6	$	267.8	$	5.6	$	967.0
Reoccurring	133.9		67.7		—		201.6		53.6		68.6		—		122.2
Non-recurring	164.9		32.9		—		197.8		148.0		34.4		—		182.4
Total Software Revenue	1,068.2		375.9		8.9		1,453.0		895.2		370.8		5.6		1,271.6

Product Revenue	—		—		429.8		429.8		—		—		409.1		409.1
Total Revenue	$	1,068.2	$	375.9	$	438.7	$	1,882.8	$	895.2	$	370.8	$	414.7	$	1,680.7

Remaining Performance Obligations – Remaining performance obligations represent the transaction price of firm orders for which work has not been performed, excluding unexercised contract options. As of March 31, 2025, total remaining performance obligations were $4,656.8. We expect to recognize revenues of $3,033.8, or approximately 65% of our remaining performance obligations over the next 12 months (“Backlog”), with the remainder of the revenue to be recognized thereafter.

Contract balances


Balance sheet account	March 31, 2025		December 31, 2024		Change
Unbilled receivables	$	135.7	$	127.3	$	8.4
Deferred revenue – current	(1,667.9)		(1,737.4)		69.5
Deferred revenue – non-current (1)	(164.9)		(154.7)		(10.2)
Net contract assets/(liabilities)	$	(1,697.1)	$	(1,764.8)	$	67.7

(1) The non-current portion of deferred revenue is included in “Other liabilities” in our Condensed Consolidated Balance Sheets.

The change in our net contract assets/(liabilities) from December 31, 2024 to March 31, 2025 was primarily due to the timing of payments and invoicing related to SaaS and post-contract support (“PCS”) renewals, driven predominantly by the SaaS renewal cycle of our Frontline business which primarily occurs in the third quarter.

The Company records deferred revenue when cash payments are received or due in advance of the Company’s performance relating primarily to SaaS and PCS renewals. Revenue recognized during the three months ended March 31, 2025 and 2024 that was included in the deferred revenue balance on December 31, 2024 and 2023 was $774.4 and $693.9, respectively. In order to determine revenues recognized in the period from contract liabilities, we allocate revenue to the individual deferred revenue balance outstanding at the beginning of the year until the revenue exceeds that balance.

The current and non-current portions of deferred commissions are included in “Prepaid expenses and other current assets” and “Other assets,” respectively, in our Condensed Consolidated Balance Sheets. At March 31, 2025 and December 31, 2024, we had $91.6 and $90.5 of total deferred commissions, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
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-URI https://asc.fasb.org/606/tableOfContent

+ Details

Condensed Consolidated Statements of Earnings (unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Net revenues	$ 1,882.8	$ 1,680.7
Cost of sales	589.1	499.7
Gross profit	1,293.7	1,181.0
Selling, general and administrative expenses	767.9	699.7
Income from operations	525.8	481.3
Interest expense, net	62.9	53.2
Equity investments (gain) loss, net	44.4	(57.0)
Other expense, net	0.5	1.2
Earnings before income taxes	418.0	483.9
Income taxes	86.9	101.9
Net earnings	$ 331.1	$ 382.0
Net earnings per share:
Basic (in dollars per share)	$ 3.08	$ 3.57
Diluted (in dollars per share)	$ 3.06	$ 3.54
Weighted average common shares outstanding:
Basic (in shares)	107.4	107.0
Diluted (in shares)	108.2	107.9

Stock-Based Compensation - Schedule of Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-based compensation	$ 38.8	$ 33.6
Tax benefit recognized in net earnings	$ 6.3	$ 5.9

Condensed Consolidated Statements of Changes in Stockholders' Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Stockholders' Equity [Abstract]
Dividends declared (in usd per share)	$ 0.825	$ 0.75

Goodwill and Other Intangible Assets - Schedule of Other Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (4,050.6)	$ (3,913.6)
Intangible assets, cost	12,967.5	12,973.2
Intangible assets, net book value	8,916.9	9,059.6
Trade names
Finite-Lived Intangible Assets [Line Items]
Assets not subject to amortization	810.1	808.6
Customer related intangibles
Finite-Lived Intangible Assets [Line Items]
Assets subject to amortization, Cost	11,354.3	11,303.7
Accumulated amortization	(3,623.5)	(3,457.0)
Assets subject to amortization, Net book value	7,730.8	7,846.7
Unpatented technology
Finite-Lived Intangible Assets [Line Items]
Assets subject to amortization, Cost	794.0	851.7
Accumulated amortization	(425.2)	(454.7)
Assets subject to amortization, Net book value	368.8	397.0
Patents and other protective rights
Finite-Lived Intangible Assets [Line Items]
Assets subject to amortization, Cost	9.1	9.2
Accumulated amortization	(1.9)	(1.9)
Assets subject to amortization, Net book value	$ 7.2	$ 7.3

Revenues from Contracts (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

See details in the table below:


	Three months ended March 31, 2025								Three months ended March 31, 2024
Revenue stream	Application Software		Network Software		Technology Enabled Products		Total		Application Software		Network Software		Technology Enabled Products		Total
Software related
Recurring	$	769.4	$	275.3	$	8.9	$	1,053.6	$	693.6	$	267.8	$	5.6	$	967.0
Reoccurring	133.9		67.7		—		201.6		53.6		68.6		—		122.2
Non-recurring	164.9		32.9		—		197.8		148.0		34.4		—		182.4
Total Software Revenue	1,068.2		375.9		8.9		1,453.0		895.2		370.8		5.6		1,271.6

Product Revenue	—		—		429.8		429.8		—		—		409.1		409.1
Total Revenue	$	1,068.2	$	375.9	$	438.7	$	1,882.8	$	895.2	$	370.8	$	414.7	$	1,680.7

Schedule of Contract Balances

Contract balances


Balance sheet account	March 31, 2025		December 31, 2024		Change
Unbilled receivables	$	135.7	$	127.3	$	8.4
Deferred revenue – current	(1,667.9)		(1,737.4)		69.5
Deferred revenue – non-current (1)	(164.9)		(154.7)		(10.2)
Net contract assets/(liabilities)	$	(1,697.1)	$	(1,764.8)	$	67.7

(1) The non-current portion of deferred revenue is included in “Other liabilities” in our Condensed Consolidated Balance Sheets.

Reportable Segments

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Reportable Segments

The following table presents selected financial information by reportable segment:


	Three months ended March 31, 2025									Three months ended March 31, 2024
	Application Software		Network Software		Technology Enabled Products		Segments Total			Application Software		Network Software		Technology Enabled Products		Segments Total
Net revenues	$	1,068.2	$	375.9	$	438.7		$	1,882.8	$	895.2	$	370.8	$	414.7		$	1,680.7
Cost of sales	347.4		60.3		181.4			589.1		269.5		54.5		175.7			499.7
SG&A expenses	444.0		148.9		103.7			696.6		386.1		149.3		102.8			638.2
Operating profit*	$	276.8	$	166.7	$	153.6		$	597.1	$	239.6	$	167.0	$	136.2		$	542.8

Depreciation and other amortization	$	165.6	$	41.3	$	5.4		$	212.3	$	147.7	$	40.3	$	6.0		$	194.0

Capital expenditures	$	4.3	$	2.6	$	2.4		$	9.3	$	4.7	$	1.3	$	2.7		$	8.7
Capitalized software expenditures	$	12.4	$	—	$	—		$	12.4	$	9.5	$	0.1	$	—		$	9.6

The following table presents selected asset information by reportable segment:


	March 31, 2025		December 31, 2024
Total assets:
Application Software	$	23,474.1	$	23,600.9
Network Software	5,312.1		5,348.0
Technology Enabled Products	1,676.9		1,498.1

Segments Total	$	30,463.1	$	30,447.0

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Contingencies	3 Months Ended
Contingencies	Mar. 31, 2025
Loss Contingency [Abstract]
Contingencies	Contingencies Roper, in the ordinary course of business, is party to various pending or threatened legal actions, including product liability, intellectual property, antitrust, data privacy, and employment practices that, in general, are of a nature consistent with those over the past several years. After analyzing the Company’s contingent liabilities on a gross basis and, based upon past experience with resolution of such legal claims and the availability and limits of the primary, excess, and umbrella liability insurance coverages with respect to pending claims, management believes that adequate provision has been made to cover any potential liability not covered by insurance, and that the ultimate liability, if any, arising from these actions should not have a material adverse effect on Roper’s consolidated financial position, results of operations, or cash flows. However, no assurances can be given in this regard. Roper’s subsidiary, PowerPlan, Inc. (“PowerPlan”), was a defendant in an action that was pending in the U.S. District Court for the Northern District of Georgia (Lucasys Inc. v. PowerPlan, Inc., Case 1:20-cv-02987-AT) in which the plaintiff, a firm started by former PowerPlan employees, alleged PowerPlan had engaged in, among other things, anticompetitive practices in violation of federal antitrust law which impacted the plaintiff’s ability to commercialize its software and services offerings. In January 2025, PowerPlan and the plaintiff agreed to settle the matter and such was fully concluded and cash settled in January 2025 for $24.0 on a pretax basis ($17.7 after taxes).

- Definition

The entire disclosure for loss and gain contingencies. Describes any existing condition, situation, or set of circumstances involving uncertainty as of the balance sheet date (or prior to issuance of the financial statements) as to a probable or reasonably possible loss incurred by an entity that will ultimately be resolved when one or more future events occur or fail to occur, and typically discloses the amount of loss recorded or a range of possible loss, or an assertion that no reasonable estimate can be made.

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+ Details

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
ASSETS:
Cash and cash equivalents	$ 372.8	$ 188.2
Accounts receivable, net	813.3	885.1
Inventories, net	125.5	120.8
Income taxes receivable	20.3	25.6
Unbilled receivables	135.7	127.3
Prepaid expenses and other current assets	237.0	195.7
Total current assets	1,704.6	1,542.7
Property, plant and equipment, net	150.0	149.7
Goodwill	19,408.2	19,312.9
Other intangible assets, net	8,916.9	9,059.6
Deferred taxes	54.7	54.1
Equity investment	728.2	772.3
Other assets	456.2	443.4
Total assets	31,418.8	31,334.7
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Accounts payable	152.8	148.1
Accrued compensation	179.1	289.0
Deferred revenue	1,667.9	1,737.4
Other accrued liabilities	544.5	546.2
Income taxes payable	144.3	68.4
Current portion of long-term debt, net	999.4	1,043.1
Total current liabilities	3,688.0	3,832.2
Long-term debt, net of current portion	6,457.0	6,579.9
Deferred taxes	1,611.6	1,630.6
Other liabilities	438.6	424.4
Total liabilities	12,195.2	12,467.1
Commitments and contingencies (Note 9)
Common stock	1.1	1.1
Additional paid-in capital	3,108.7	3,014.6
Retained earnings	16,276.9	16,034.9
Accumulated other comprehensive loss	(146.8)	(166.5)
Treasury stock	(16.3)	(16.5)
Total stockholders’ equity	19,223.6	18,867.6
Total liabilities and stockholders’ equity	$ 31,418.8	$ 31,334.7

Revenues from Contracts - Narratives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue recognized from contract liability balance	$ 774.4	$ 693.9
Deferred commissions	$ 91.6		$ 90.5

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Condensed Consolidated Financial Statements for the three months ended March 31, 2025 and 2024 are unaudited. In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements reflect all adjustments, which include only normal recurring adjustments, necessary to state fairly the financial position, results of operations, comprehensive income, and cash flows of Roper Technologies, Inc. and its subsidiaries (“Roper,” the “Company,” “we,” “our,” or “us”) for all periods presented. The December 31, 2024 financial position data included herein was derived from the audited consolidated financial statements included in the Company’s 2024 Annual Report on Form 10-K (“Annual Report”) filed on February 24, 2025 with the U.S. Securities and Exchange Commission (“SEC”) but does not include all annual disclosures required by U.S. generally accepted accounting principles (“GAAP”). Roper’s management has made estimates and assumptions related to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these Condensed Consolidated Financial Statements in conformity with GAAP. Actual results could differ from those estimates. The results of operations for the three months ended March 31, 2025 are not necessarily indicative of the results to be expected for the full year. You should read these unaudited Condensed Consolidated Financial Statements in conjunction with Roper’s audited Consolidated Financial Statements and the notes thereto included in its Annual Report. Certain prior period amounts have been reclassified to conform to current period presentation.

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense


	Three months ended March 31,
		2025		2024
Stock-based compensation		$	38.8	$	33.6
Tax benefit recognized in net earnings		$	6.3	$	5.9

Schedule of Weighted Average Assumptions Used to Value Option Grants

The following weighted average assumptions were used to estimate the fair value of options granted during the current and prior year periods using the Black-Scholes option valuation model:


	Three months ended March 31,
	2025	2024
Risk-free interest rate (%)	4.12	4.15
Expected option life (years)	5.74	5.73
Expected volatility (%)	25.07	25.57
Expected dividend yield (%)	0.52	0.50

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The carrying value of goodwill by segment was as follows:


	Application Software		Network Software		Technology Enabled Products		Total
Balances at December 31, 2024	$	14,677.6	$	3,706.4	$	928.9	$	19,312.9
Goodwill acquired	—		—		73.5		73.5

Other	7.4		0.1		—		7.5
Currency translation adjustments	8.8		5.3		0.2		14.3
Balances at March 31, 2025	$	14,693.8	$	3,711.8	$	1,002.6	$	19,408.2

Other relates to purchase accounting adjustments for acquisitions completed in 2024.

Other intangible assets were comprised of:


	Cost		Accumulated amortization		Net book value
Assets subject to amortization:
Customer related intangibles	$	11,303.7	$	(3,457.0)	$	7,846.7
Unpatented technology	851.7		(454.7)		397.0

Patents and other protective rights	9.2		(1.9)		7.3

Assets not subject to amortization:
Trade names	808.6		—		808.6

Balances at December 31, 2024	$	12,973.2	$	(3,913.6)	$	9,059.6

Assets subject to amortization:
Customer related intangibles	$	11,354.3	$	(3,623.5)	$	7,730.8
Unpatented technology	794.0		(425.2)		368.8

Patents and other protective rights	9.1		(1.9)		7.2

Assets not subject to amortization:
Trade names	810.1		—		810.1

Balances at March 31, 2025	$	12,967.5	$	(4,050.6)	$	8,916.9

Amortization expense of other intangible assets was $194.5 and $178.4 during the three months ended March 31, 2025 and 2024, respectively.

An evaluation of the carrying value of goodwill and other indefinite-lived intangibles is required to be performed on an annual basis, and on an interim basis if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. There have been no events or changes in circumstances which indicate an interim impairment review is required in 2025. The Company will perform the annual analysis during the fourth quarter of 2025.

Recent Accounting Pronouncements (Policies)	3 Months Ended
Recent Accounting Pronouncements (Policies)	Mar. 31, 2025
Accounting Standards Update and Change in Accounting Principle [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Condensed Consolidated Financial Statements for the three months ended March 31, 2025 and 2024 are unaudited. In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements reflect all adjustments, which include only normal recurring adjustments, necessary to state fairly the financial position, results of operations, comprehensive income, and cash flows of Roper Technologies, Inc. and its subsidiaries (“Roper,” the “Company,” “we,” “our,” or “us”) for all periods presented. The December 31, 2024 financial position data included herein was derived from the audited consolidated financial statements included in the Company’s 2024 Annual Report on Form 10-K (“Annual Report”) filed on February 24, 2025 with the U.S. Securities and Exchange Commission (“SEC”) but does not include all annual disclosures required by U.S. generally accepted accounting principles (“GAAP”). Roper’s management has made estimates and assumptions related to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these Condensed Consolidated Financial Statements in conformity with GAAP. Actual results could differ from those estimates. The results of operations for the three months ended March 31, 2025 are not necessarily indicative of the results to be expected for the full year. You should read these unaudited Condensed Consolidated Financial Statements in conjunction with Roper’s audited Consolidated Financial Statements and the notes thereto included in its Annual Report. Certain prior period amounts have been reclassified to conform to current period presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Financial Accounting Standards Board (“FASB”) establishes changes to accounting principles under GAAP in the form of accounting standards updates (“ASUs”) to the FASB’s Accounting Standards Codification (“ASC”). The Company considers the applicability and impact of all ASUs. Any recent ASUs not listed below were assessed and either determined to be not applicable or are expected to have an immaterial impact on the Company’s Consolidated Financial Statements. In November 2023, the FASB issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (ASU 2023-07), which expands reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. This guidance is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company adopted this update beginning with the year ended December 31, 2024. In December 2023, the FASB issued Accounting Standards Update No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” (ASU 2023-09), which expands income tax disclosure requirements, including disaggregation of rate reconciliation table categories, disaggregation of earnings before income taxes and income tax expense information, and disaggregation of income taxes paid information, among other changes. This guidance is effective for annual periods beginning after December 15, 2024. This ASU will likely result in additional disclosures. We are currently evaluating the provisions of this ASU. In November 2024, the FASB issued Accounting Standards Update No. 2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (ASU 2024-03), which requires the disclosure of additional information about specific categories of costs and expenses in the notes to consolidated financial statements. This guidance is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. This ASU will likely result in additional disclosures. We are currently evaluating the provisions of this ASU.