---
title: "Roper Technologies: Business Model"
description: "Roper Technologies revenue by business segment and geography from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/roper-technologies/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Roper Technologies: Business Model & Revenue Engine

## Direct Answer

Roper Technologies reports revenue across 3 business segments in its fiscal 2025 Form 10-K. Application Software is the largest, with $4.5 billion of revenue (57% of the total), followed by Technology Enabled Products at $1.8 billion (23%). 87% of revenue came from the United States.

## How Does Roper Technologies Make Money?

No single line supplies a majority of revenue: the largest, Application Software, is 57%, which spreads Roper Technologies's exposure across several demand drivers. Between fiscal 2024 and 2025, Application Software grew fastest (+15.9%) and Technology Enabled Products slowest (+7.3%), so the revenue mix tilts toward Application Software while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Application Software | $4.5 billion | $3.9 billion | 56.7% | 15.9% |
| Technology Enabled Products | $1.8 billion | $1.7 billion | 23.0% | 7.3% |
| Network Software and Systems | $1.6 billion | $1.5 billion | 20.3% | 8.5% |

![Bar chart of Roper Technologies revenue by segment for fiscal 2025: Application Software 56.7%, Technology Enabled Products 23.0%, Network Software and Systems 20.3%.](https://www.getswoopr.com/images/charts/roper-technologies-business-model-segment-mix.webp)
*Roper Technologies revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What Does Roper Technologies Sell?

Roper Technologies also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Software Related Recurring | $4.5 billion | $4.0 billion | 56.7% | 12.7% |
| Product Revenue | $1.8 billion | $1.7 billion | 22.4% | 6.2% |
| Software Related Reoccurring | $833 million | $624 million | 10.5% | 33.5% |
| Software Related Non Recurring | $814 million | $770 million | 10.3% | 5.8% |

## Where Does Roper Technologies's Revenue Come From?

Regions follow the definitions in the filing; most companies assign revenue by customer location.

| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| United States | $6.9 billion | $6.1 billion | 87.0% | 13.4% |
| Europe | $541 million | $495 million | 6.9% | 9.4% |
| Canada | $292 million | $288 million | 3.7% | 1.2% |
| Rest of World | $126 million | $118 million | 1.6% | 6.0% |
| Asia | $71 million | $74 million | 0.9% | -4.0% |

## What the Segment Figures Do Not Show

The rows above add up to 100% of Roper Technologies's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Roper Technologies reported in the segment note and revenue disclosures of its Form 10-K filed February 24, 2026 (accession 0000882835-26-000009), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Roper Technologies's business segments?

In its fiscal 2025 Form 10-K, Roper Technologies reports revenue for Application Software, Technology Enabled Products and Network Software and Systems.

### Which part of Roper Technologies brings in the most revenue?

Application Software, with $4.5 billion of revenue in fiscal 2025, or 57% of the total.

### How much of Roper Technologies's revenue comes from outside the United States?

13% in fiscal 2025, by the geographic breakdown Roper Technologies reports in its Form 10-K. Companies assign revenue to regions differently (customer location, shipping address or selling entity), so check the filing's definition before comparing companies.

## References

- [SEC EDGAR: ROPER TECHNOLOGIES INC Form 10-K filed February 24, 2026](https://www.sec.gov/Archives/edgar/data/882835/000088283526000009/rop-20251231.htm)
- [SEC EDGAR: ROPER TECHNOLOGIES INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=882835&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Roper Technologies company dossier](https://www.getswoopr.com/stocks/companies/roper-technologies/)
- [Roper Technologies financial metrics](https://www.getswoopr.com/stocks/companies/roper-technologies/metrics/)
- [Roper Technologies financial risk indicators](https://www.getswoopr.com/stocks/companies/roper-technologies/risks/)
- [Roper Technologies peer comparison](https://www.getswoopr.com/stocks/companies/roper-technologies/competitors/)
- [Roper Technologies business model and revenue mix](https://www.getswoopr.com/stocks/companies/roper-technologies/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

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