Operator

Greetings, and welcome to the CorVel quarterly earnings report. [Operator Instructions] As a reminder, this conference is being recorded [Operator Instructions] It's now my pleasure to turn the call over to President and CEO, Michael Combs. Please go ahead, sir.

Michael Combs
President, CEO & Chairman

Thank you. Good morning. Thank you for joining us to review CorVel's March quarter and fiscal year results. Brian Nichols, CorVel's Chief Financial Officer, is on the call with me today. Today, I will review business performance, the current environment and market trends and progress on product and service offerings. So let's start with Brian providing an overview of the March quarter and fiscal year results. Brian?

Brian Nichols
Chief Financial Officer

Thank you, Michael, and good morning, everyone. The March quarter revenues were $249 million, an increase of 7% compared to $232 million in the March 2025 quarter. Earnings per share for the quarter ended March 31, 2026, were $0.61, up from $0.51 in the same period of the previous year.

For the fiscal year 2026, revenues were $959 million, up 7% from $896 million in the prior fiscal year, and earnings per share was $2.14, an increase of 17% compared to $1.83 for the fiscal year ended March 31, 2025. The effective tax rate increased compared to the prior year, which included a discrete benefit from stock option exercises that did not recur at similar levels.

For the fiscal year, Network Solutions delivered strong results with double-digit revenue and profit growth driven by continued momentum across its offerings and solid execution in both Property & Casualty and Commercial Health. Results within Network Solutions included the impact