FactSet Research Systems Inc. is a financial digital platform and enterprise solutions provider serving the investment community. It offers data, analytical applications, workstations, portfolio analytics, and enterprise data solutions, along with managed services for data, performance, risk, and reporting workflows. The company provides subscription-based financial data and market intelligence on securities, companies, industries, and people, covering the investment lifecycle from research and portfolio construction to trade execution, performance measurement, risk management, and reporting. It serves investment professionals worldwide and has a strategic partnership with Google Cloud. Founded in 1978, it is headquartered in Norwalk, Connecticut.
FactSet's AI Push Drives Growth, But New Rival Looms
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AI product launches and Google Cloud partnership FactSet released an AI-powered portfolio analytics tool and partnered with Google Cloud to build AI solutions. These moves position FactSet to capture rising demand for AI in finance, boosting future revenue prospects and lifting the stock.
These are new events that directly drive investor optimism about FactSet's growth.
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Accelerating organic growth and strong earnings FactSet reported 7.1% organic subscription growth, the fifth straight quarter of acceleration, and beat earnings estimates. Clients using AI solutions grew faster, showing the strategy is working and supporting the stock.
This is new financial data that confirms the company's momentum and justifies higher valuation.
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Stock surge on earnings beats and cash returns FactSet shares jumped 58% over six months, driven by consistent earnings beats and strong cash flow that funded nearly $950 million in buybacks and $250 million in dividends. This reflects robust financial health and shareholder returns.
It highlights the market's positive reaction to FactSet's performance and capital allocation.
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Potential S&P Global spinoff of Capital IQ Pro S&P Global is exploring a spinoff of its Capital IQ Pro platform, which would create a standalone competitor to FactSet. This could intensify competition and pressure FactSet's market share and pricing power.
It introduces a new competitive threat that could negatively impact FactSet's future growth.
Q3 2026
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FactSet's AI Push Drives Growth, But New Rival Looms
▲
AI product launches and Google Cloud partnership FactSet released an AI-powered portfolio analytics tool and partnered with Google Cloud to build AI solutions. These moves position FactSet to capture rising demand for AI in finance, boosting future revenue prospects and lifting the stock.
These are new events that directly drive investor optimism about FactSet's growth.
▲
Accelerating organic growth and strong earnings FactSet reported 7.1% organic subscription growth, the fifth straight quarter of acceleration, and beat earnings estimates. Clients using AI solutions grew faster, showing the strategy is working and supporting the stock.
This is new financial data that confirms the company's momentum and justifies higher valuation.
▲
Stock surge on earnings beats and cash returns FactSet shares jumped 58% over six months, driven by consistent earnings beats and strong cash flow that funded nearly $950 million in buybacks and $250 million in dividends. This reflects robust financial health and shareholder returns.
It highlights the market's positive reaction to FactSet's performance and capital allocation.
▼
Potential S&P Global spinoff of Capital IQ Pro S&P Global is exploring a spinoff of its Capital IQ Pro platform, which would create a standalone competitor to FactSet. This could intensify competition and pressure FactSet's market share and pricing power.
It introduces a new competitive threat that could negatively impact FactSet's future growth.
News & notes movingFDS
United States
Artificial Intelligence
FactSet Fair Value Raised to US$277.56 as Analysts Split on AI Progress and Growth Risks
FactSet Research Systems has seen its assessed fair value move from US$266.75 to US$277.56, feeding directly into refreshed price targets across recent analyst work. Several firms, including Deutsche Bank, BMO Capital, Stifel and Morgan Stanley, lifted price targets on FactSet into the US$292 to US$301 range, pointing to increased confidence in execution even as ratings remain neutral. BMO Capital highlighted broad based Q4 revenue strength across Wealth and Dealmakers, along with progress in AI through Model Context Protocol adoption and growing API usage, while Stifel cited higher win rates, quicker product development and management commentary that FY26 could represent a floor for operating margins. William Blair upgraded the stock to Outperform, arguing that AI disruption risk to FactSet is overstated. On the bearish side, Goldman Sachs, Barclays, BofA and Wells Fargo all retained negative or cautious ratings even after modest price target increases, with Goldman Sachs flagging mixed Q4 results and expecting FactSet's organic ASV growth to moderate from around 7% as MCP competition rises and AI offerings become less differentiated, and Wells Fargo and BofA pointing to FY27 guidance that sits below prior Street expectations on several metrics. The fair value revision also reflects a revenue growth assumption shifted from 5.76% to 5.65%, a net profit margin assumption adjusted from 25.43% to 24.21%, and a future P/E multiple changed from 13.8x to 14.9x, while the discount rate remains at 8.16%.
Artificial Intelligence › AI Applications & Copilots Competition
FDS · Capital · Neutral Analysts split on FactSet: several raised price targets and William Blair upgraded to Outperform, while Goldman, Barclays, BofA and Wells Fargo stayed cautious on moderating ASV growth and soft FY27 guidance.
FactSet Posts Record Contract Value Jump as Shares Trade at 13.95 Forward P/E
FactSet Research Systems reported the largest quarterly jump in contract value in its history, with annual subscription value rising 7% organically to $2.568 billion in fiscal 2026, beating the top of management's own guidance. The fourth quarter alone added $86 million, retention held above 95%, and every region grew faster than a year earlier, led by Asia Pacific at 10.6%. AI-related products accounted for at least 10% of new subscription value in the fourth quarter, more than all of fiscal 2025 combined, with over 650 clients already accessing FactSet data through its MCP servers. Full-year adjusted operating margin slipped 1.8 percentage points to 34.5% on heavy infrastructure and cybersecurity spending, and management guided fiscal 2027 organic subscription growth to 5% to 6.5% with earnings per share of $19.25 to $19.65. The stock trades at a forward P/E of 13.95 as of October 2, with short sellers holding 12.43% of the float ahead of the November 10 Investor Day.
Artificial Intelligence › AI Applications & Copilots ▲Demand
FDS · Capital · Negative Full-year adjusted operating margin slipped 1.8 points to 34.5% on heavy infrastructure and cybersecurity spending.
FDS · Demand · Positive FactSet reported its largest-ever quarterly contract value jump, with organic subscription value up 7% to $2.568B and every region growing faster than a year earlier.
FactSet, Concentrix Beat Estimates; HPE Inks $1.2 Billion Vultr Deal; Mattel Names New CEO
FactSet Research Systems posted fourth-quarter fiscal 2026 adjusted earnings of $4.52 per share, beating the Zacks Consensus Estimate of $4.32 per share, and its shares advanced 3.8%. Concentrix Corp. reported third-quarter fiscal 2026 adjusted earnings of $2.92 per share, outpacing the Zacks Consensus Estimate of $2.71 per share, with its shares rising 0.3%. Hewlett Packard Enterprise Co. entered into a $1.2 billion deal with Vultr, sending its shares up 3.9%. Mattel, Inc. appointed Roger Lynch as its new CEO and chairman, and its shares tumbled 4.2%.
FactSet Guides FY 2027 Organic ASV Growth of 5% to 6.5%
FactSet told investors on its Q4 FY 2026 earnings call that it expects organic ASV growth of 5% to 6.5% in the fiscal year ahead, alongside FY 2027 revenue growth of 5% to 6% on a reported basis and margin improvement of 25 to 75 basis points. For the just-completed fiscal year, organic ASV grew 7%, or $168 million, to $2.56 billion, exceeding the high end of guidance, while full-year revenue reached $2.476 billion, up 6.7% and also above the high end of the range. Fourth-quarter revenue grew more than 6% to over $634 million, adjusted operating income was $209 million at a 33% margin, and adjusted EPS rose 11.6% to $4.52. CFO Joshua Warren said AI-related solutions made up a double-digit share of new ASV in the quarter, exceeding fiscal 2025's total AI contribution, and that the company expects EPS growth to improve to the high single digits in FY 2027 despite an estimated 2% headwind from a higher assumed tax rate and incremental interest expense on $500 million of notes maturing in March 2027. FactSet also announced, after the close of Q4, the acquisition of the BCC Group, a Frankfurt-based data infrastructure company that augments its real-time data offering, and said it implemented additional headcount reductions earlier this month.
FDS · Capital · Positive FactSet guided FY2027 organic ASV growth of 5-6.5% and margin improvement after FY2026 results beat the high end of guidance.
FDS · Demand · Positive AI-related solutions made up a double-digit share of new ASV in Q4, exceeding fiscal 2025's total AI contribution.
BCC Group International GmbH · Capital · Positive FactSet announced the acquisition of Frankfurt-based data infrastructure company BCC Group, augmenting its real-time data offering.
FactSet Tops Q4 Estimates With $4.52 EPS and $634.7 Million Revenue
FactSet Research reported quarterly earnings of $4.52 per share, beating the Zacks Consensus Estimate of $4.32 per share and up from $4.05 a year ago. The result marked a positive earnings surprise of 4.63 percent, and the financial data firm has now surpassed consensus EPS estimates in each of the last four quarters. Revenue for the quarter ended August 2026 came in at $634.7 million, topping the Zacks Consensus Estimate by 1.03 percent and up from $596.9 million a year earlier, with the company also beating consensus revenue estimates four times over the last four quarters. Ahead of the release, the estimate revisions trend for FactSet was mixed, translating into a Zacks Rank #3 (Hold). The current consensus EPS estimate is $5.00 on $642.86 million in revenues for the coming quarter and $19.84 on $2.62 billion in revenues for the current fiscal year. FactSet shares have lost about 10.4 percent since the beginning of the year versus the S&P 500's gain of 12.1 percent.
FactSet Research Systems Set to Report Q4 2026 Earnings Wednesday
FactSet Research Systems is scheduled to announce its Q4 earnings results on Wednesday, September 30th, before market open. The consensus EPS estimate is $4.35, up 7.4% year over year, and the consensus revenue estimate is $629.85M, up 5.5% year over year. Over the last 2 years, FactSet has beaten EPS estimates 75% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 10 upward revisions and 6 downward, while revenue estimates have seen 7 upward revisions and 4 downward.
FDS · Capital · Neutral FactSet is the subject, scheduled to report Q4 earnings with consensus EPS/revenue growth and a history of beats, but no actual result yet.
FactSet Q4 Earnings Preview: Analysts See $4.32 EPS, $628.23 Million Revenue
FactSet Research is expected to report quarterly earnings of $4.32 per share when it releases its fourth-quarter results, an increase of 6.7% from the year-ago period, on revenues of $628.23 million, up 5.2% year over year. The consensus EPS estimate has been revised 0.3% higher over the last 30 days. Within the revenue total, analysts project revenues from US clients of 412.00 million, up 6% year over year, and revenues from international clients in EMEA and Asia Pacific of 214.18 million, up 2.9%. Analysts also expect Total Annual Subscription Value to reach $2.56 billion, compared with $2.41 billion in the same quarter a year earlier, and Total Clients to come in at 9,452, versus 8,996 last year. FactSet shares have returned -10.9% over the past month, against a gain of 0.7% for the Zacks S&P 500 composite, and the stock carries a Zacks Rank #3 (Hold).
FDS · Capital · Neutral Preview of FactSet's Q4 earnings with expected EPS of $4.32 and revenue of $628.23M; estimates are consensus expectations, not an actual reported result.
Tradeweb Q2 Revenue Rises 9% to $558.9 Million as Financial Exchanges Group Beats Estimates
Tradeweb Markets reported second-quarter revenues of $558.9 million, up 9% year on year, in line with analysts' expectations, as the ten financial exchanges and data stocks tracked by the report beat consensus revenue estimates by 1.6% as a group. Tradeweb, which was founded in 1996 as one of the pioneers in electronic bond trading, posted a decent beat of analysts' EBITDA estimates, but the market seemed disappointed and the stock is down 5.6% since reporting, currently trading at $102.07. Among peers, Morningstar was the strongest performer with revenues of $663.2 million, up 9.6% year on year and 2.2% above expectations, while S&P Global was the weakest, reporting revenues of $4.15 billion, up 10.4% year on year and 1% above expectations, but posting a significant miss of analysts' EBITDA estimates and full-year EPS guidance slightly missing expectations, with its stock down 7.9% since the results. FactSet reported revenues of $622.9 million, up 6.4% year on year and 1.1% above expectations, and Nasdaq reported revenues of $1.5 billion, up 14.9% year on year and 3% above expectations. Share prices of the companies in the group have held steady, up 3.6% on average since the latest earnings results.
TW · Capital · Neutral Tradeweb's Q2 revenue rose 9% to $558.9M and beat EBITDA estimates, but the market was disappointed and the stock fell 5.6%.
SPGI · Capital · Negative S&P Global was the weakest, posting a significant EBITDA miss and full-year EPS guidance slightly below expectations, with its stock down 7.9%.
FDS · Capital · Positive FactSet reported Q2 revenue of $622.9M, up 6.4% YoY and 1.1% above expectations.
MORN · Capital · Positive Morningstar was the strongest performer with revenue of $663.2M, up 9.6% YoY and 2.2% above expectations.
NDAQ · Capital · Positive Nasdaq reported revenue of $1.5B, up 14.9% YoY and 3% above expectations.
Robinhood leads August finance sector gains as Aon sinks
The financial sector posted a modest 0.54% gain in August, slightly outperforming the S&P 500's 0.11% rise, with Robinhood Markets surging 36.03% as the top performer and Aon falling 10.53% as the worst. Robinhood's rally was fueled by record second-quarter revenue of $1.31 billion, up 32% year over year, and stronger cryptocurrency trading volumes as Bitcoin prices recovered. Coinbase Global climbed 27.56% on record crypto market share and positive adjusted EBITDA, while FactSet Research Systems advanced 10.31% on strong organic revenue growth. On the downside, Aon dropped 10.53% after its $17 billion USI acquisition, funded with new debt, pressured the stock, and PayPal Holdings fell 8.30% following the collapse of a reported $53 billion takeover pursuit by Advent International and Stripe. Analyst Ian Bezek noted that financial stocks were driven more by company-specific factors than broad trends, with uncertainty over interest rates keeping many bank and insurance shares in a holding pattern until the Federal Reserve clarifies its policy path.
FactSet Extends Debt Maturities, Expands Credit Line to $1.5 Billion
FactSet Research Systems has amended its credit agreement with PNC Bank, extending maturities and expanding its revolving credit facility from $1,000,000,000 to $1,500,000,000. The revised agreement keeps the $375,000,000 term loan in place but removes scheduled amortization and pushes its final maturity to August 28, 2029, while the enlarged revolving facility now matures on August 28, 2031. This shift increases FactSet's committed borrowing capacity and reduces near-term principal outflows, though the company still carries a high level of debt. The amendment also removes the 0.10% credit spread adjustment on SONIA and SOFR borrowings, slightly refining its interest cost structure. The added flexibility is intended to support funding for acquisitions like Irwin and LiquidityBook, as well as continued investment in GenAI products and data feeds, while the company manages rising technology costs.
FDS · Capital · Positive FactSet amended its credit agreement to expand its revolver to $1.5B and extend maturities to 2029/2031, boosting borrowing capacity and reducing near-term principal outflows.
PNC · Capital · Positive PNC Bank is the counterparty amending FactSet's credit agreement, expanding the revolver and extending maturities.
S&P Global Inc. is exploring a potential spinoff of its Capital IQ Pro data and research platform, a move that could create a standalone company valued in the high single-digit billions of dollars, Bloomberg reported on Tuesday. Shares of S&P Global reversed earlier losses and traded more than 3% higher following the report. The company is said to be in early discussions about options for the unit, which could include establishing a publicly listed entity. The deliberations are preliminary, and S&P Global may choose not to proceed with any transaction involving the business, commonly known as CapIQ. Capital IQ Pro serves as a software platform for finance professionals to conduct research, providing access to data on more than 60 million private companies. A separation would position CapIQ as a direct competitor to companies including FactSet Research Systems Inc., which has a market value exceeding $11 billion, and the data division of London Stock Exchange Group Plc. S&P Global, under Chief Executive Officer Martina Cheung since 2024, has restructured portions of its operations in recent years, including the July spinoff of its automotive intelligence division into Mobility Global.
SPGI · Capital · Positive S&P Global is exploring a spinoff of its Capital IQ Pro unit that could create a standalone company valued in the high single-digit billions.
FDS · Competition · Negative A spun-off CapIQ would become a direct competitor to FactSet in financial data and research platforms.
LSEG.LSE · Competition · Negative A separated CapIQ would compete directly with LSEG's data division.
FactSet Stock Jumps 58% in Six Months on Earnings Beats
FactSet stock has gained 57.8% over the past six months, outperforming both the industry's and the Zacks S&P 500 Composite's 12.6% rally. The company has beaten earnings estimates in each of the past three fiscal quarters, with earnings per share of $4.51 in the first quarter of fiscal 2026 exceeding consensus by 2.7%. Operating cash flow and free cash flow also grew consistently over that period, supporting nearly $950 million in share repurchases and close to $250 million in dividend payments. FactSet entered three major partnership agreements in June and July 2026, including an expanded collaboration with RepRisk and a new partnership with Google Cloud to build AI-backed solutions for the financial industry. FactSet currently carries a Zacks Rank of 3, or Hold.
FactSet Research Systems affirms $1.16 quarterly dividend
FactSet Research Systems has affirmed a regular quarterly cash dividend of $1.16 per share, payable on September 17, 2026 to shareholders of record as of August 31, 2026. The dividend decision comes as the company is in focus for its AI partnership with Google Cloud and its ongoing share repurchase program. FactSet Research Systems closed at $285.41, which is above a most followed fair value estimate of $255.06, suggesting the stock may be overvalued by about 11.9%. Analysts expect earnings to reach $721.8 million, or $22.29 per share, by about August 2029, up from $566.0 million today. The stock trades on a P/E of 17.9x, higher than the fair ratio of 16.1x but below peers at 22.3x and the wider US Capital Markets industry at 38.2x.
FactSet Expands Insurance Reach as Curi Adopts Portfolio Analytics Suite
FactSet Research Systems expanded its footprint in the insurance sector as Curi Holdings adopted its Portfolio Analytics Suite. The agreement centers on FactSet's analytics and data aggregation tools for portfolio and risk management across Curi's investment operations. The move highlights insurance client interest in integrated, front-to-back solutions for data, portfolio analysis, and risk oversight. This deployment illustrates how FactSet's tools are being used beyond traditional asset management, as insurance firms often juggle complex portfolios, regulatory constraints, and liability profiles.
CME Group posts weakest Q1 results among financial exchanges and data peers
CME Group reported first-quarter revenues of $1.88 billion, up 14.5% year on year but falling short of analysts' expectations by 1.4%, making it the weakest performer against estimates among the ten financial exchanges and data stocks tracked. The group as a whole beat consensus revenue estimates by 1.1%, with Morningstar delivering the biggest beat at 2.9% on revenues of $644.8 million. FactSet posted the slowest revenue growth of the group at 6.4% to $622.9 million, while Moody's and MSCI reported revenues of $2.08 billion and $850.8 million, respectively. CME Group's stock has fallen 13.6% since reporting, contrasting with gains for FactSet, Moody's, and MSCI.
CME · Capital · Negative CME Group's Q1 revenue missed analysts' expectations by 1.4%, making it the weakest performer among peers, and its stock fell 13.6% since reporting.
MORN · Capital · Positive Morningstar delivered the biggest revenue beat at 2.9% on revenues of $644.8 million.
FDS · Capital · Positive FactSet posted the slowest revenue growth but its stock gained since reporting, contrasting with CME's decline.
MCO · Capital · Positive Moody's reported revenues of $2.08 billion and its stock gained since reporting.
MSCI · Capital · Positive MSCI reported revenues of $850.8 million and its stock gained since reporting.
FactSet Stock Gains 9.9% in Three Months on AI and ASV Growth
FactSet Research Systems shares have risen 9.9% over the past three months, outpacing the industry's 8.4% gain. The company's organic Annual Subscription Value increased 7.1% year over year to $2.48 billion in the third quarter of fiscal 2026, its fastest growth since the first quarter of fiscal 2024. More than 90% of FactSet's top 50 clients now use four or more AI solutions, and the company has formed strategic partnerships with Google Cloud and others to expand AI capabilities. However, operating margin declined to 26.7% from 33.2% a year ago due to investments in compensation, cloud infrastructure, and AI tools. FactSet carries a Zacks Rank of 3, or Hold.
Cloud & Digital Infrastructure › Horizontal SaaS Competition
Artificial Intelligence › AI Applications & Copilots Competition
FDS · Demand · Positive Organic ASV grew 7.1% YoY and over 90% of top clients use multiple AI solutions, indicating strong demand for FactSet's products.
General Mills, FactSet, MSC Industrial, UniFirst rise on earnings beats
Several companies posted gains after reporting quarterly earnings that exceeded analyst expectations. General Mills jumped 8.5% after fourth-quarter fiscal 2026 earnings of $0.95 per share beat the Zacks Consensus Estimate of $0.82. FactSet Research Systems rose 6.7% as third-quarter fiscal 2026 earnings of $4.53 per share topped the $4.44 estimate. MSC Industrial Direct gained 3.7% after third-quarter fiscal 2026 earnings of $1.43 per share surpassed the $1.28 estimate. UniFirst advanced 0.8% following third-quarter 2026 earnings of $2.17 per share, above the $1.93 estimate.
FactSet and MetLife face headwinds while Colgate-Palmolive shows competitive advantages
Among S&P 500 stocks, FactSet and MetLife are facing challenges while Colgate-Palmolive demonstrates competitive strengths. FactSet's annual sales growth of 5.8% and earnings per share growth of 5.9% over the last two years have underperformed the financial sector, and its stock trades at 12.1 times forward price-to-earnings. MetLife's net premiums earned grew just 2.7% annually over five years, earnings per share rose only 10.8% annually over two years, and book value per share declined 10.8% annually over five years amid credit quality concerns, with shares at 1.9 times forward price-to-book. In contrast, Colgate-Palmolive benefits from a $20.8 billion revenue base providing retail leverage, a 60.4% gross margin from premium pricing, and a 17.8% free cash flow margin enabling consistent reinvestment or capital returns, trading at 24.1 times forward price-to-earnings.
CL · Capital · Positive Article highlights Colgate-Palmolive's strong gross margin, free cash flow margin, and premium pricing as competitive advantages, supporting its valuation.
FDS · Capital · Negative Article notes FactSet's underperformance in sales and earnings growth relative to the financial sector, and its stock trades at a low forward P/E.
MET · Capital · Negative Article cites MetLife's weak premium growth, declining book value, and credit quality concerns, with shares at low price-to-book.
FactSet reported third-quarter fiscal 2026 organic annual subscription value growth of 7.1% to $2.48 billion, marking its fifth consecutive quarter of acceleration. Adjusted operating margin was 34%, reflecting deliberate investments, while adjusted diluted earnings per share rose 6.1% to $4.53. CEO Sanoke Viswanathan highlighted that over 90% of the top 50 clients now use four or more FactSet AI solutions, and clients using AI saw 50% higher ASV growth than the rest of the book. The company also announced a strategic partnership with Google Cloud to enhance its workstation with AI capabilities and expand distribution. FactSet reaffirmed its full-year guidance and said it is tracking toward the high end of its revenue and EPS ranges.
Cloud & Digital Infrastructure › Horizontal SaaS Competition
Artificial Intelligence › AI Applications & Copilots Competition
FDS · Demand · Positive Organic ASV growth accelerated to 7.1%, driven by strong client adoption of AI solutions, with AI users seeing 50% higher ASV growth.
FDS · Technology · Positive Announced strategic partnership with Google Cloud to enhance AI capabilities and expand distribution.
FactSet Research reported revenue of $622.92 million for the quarter ended May 2026, a 6.4% increase from the same period last year and 0.93% above the Zacks Consensus Estimate of $617.19 million. Earnings per share came in at $4.53, compared to $4.27 a year ago and surpassing the consensus estimate of $4.44 by 2.09%. Total Annual Subscription Value reached $2.48 billion, exceeding the $2.44 billion average analyst projection. International revenues from clients in EMEA and Asia Pacific were $215.7 million, up 5.2% year over year and ahead of the $212.71 million estimate, while US client revenues rose 7% to $407.2 million, topping the $403.21 million consensus.
FactSet tops quarterly profit estimates on steady demand for data, analytics services
Financial data firm FactSet reported third-quarter profit above Wall Street estimates, buoyed by growth in subscriptions. The Norwalk, Connecticut-based company posted adjusted earnings per share of $4.53 for the quarter ended May 31, above analysts' average estimate of $4.46, according to data compiled by LSEG. Organic annual subscription value, a measure of expected revenue for the next 12 months from all client subscriptions, rose 7.1% to $2.49 billion as of May 31. FactSet reaffirmed its fiscal 2026 outlook for all financial metrics, though its operating margin dropped to 26.7% from 33.2% a year ago, largely driven by higher employee compensation costs. FactSet shares were down 1.8% in premarket trading and have shed over 20% so far this year.
FDS · Demand · Positive FactSet beat profit estimates due to steady demand for data and analytics services, with organic subscription value rising 7.1%.
FactSet Research Systems reaffirmed its annual guidance for fiscal 2026. The company still expects net income of $14.85 to $15.35 per share, with adjusted profit of $17.25 to $17.75 per share, on revenue of $2.450 billion to $2.470 billion. For fiscal 2025, FactSet reported net income of $15.55 per share, adjusted earnings of $16.98 per share, and revenue of $2.321 billion.
FactSet Research Partners With Google Cloud to Develop AI-Powered Financial Solutions
FactSet Research Systems announced a strategic partnership with Google Cloud to create AI-powered solutions for the financial industry. The collaboration aims to deliver agentic experiences across the investment and deal-making lifecycles, addressing growing demand for workflow-specific agentic solutions from financial firms. FactSet CEO Sanoke Viswanathan stated that the partnership will put trusted financial data and advanced AI capabilities to work, empowering clients with more intuitive, connected, and intelligent agents.
FactSet Research Stock Dividend Yield Analysis Ahead of Q3 Earnings
FactSet Research Systems Inc. will report its third-quarter earnings before the opening bell on Wednesday, July 1. Analysts expect quarterly earnings of $4.45 per share, up from $4.27 per share in the year-ago period, with a consensus revenue estimate of $617.59 million compared to $585.52 million last year. RBC Capital analyst Ashish Sabadra maintained a Sector Perform rating and lowered the price target from $243 to $240 on May 27. The company currently offers an annual dividend yield of 2.00%, with a quarterly dividend of $1.16 per share, or $4.64 annually. To earn $500 per month in dividends, an investor would need approximately $299,640 invested, or about 1,293 shares, while a more modest $100 per month would require $60,021, or around 259 shares.
FDS · Capital · Neutral Article discusses upcoming Q3 earnings expectations and analyst rating/price target change, but no actual results or material news yet.
FactSet is scheduled to report its second-quarter earnings this Wednesday before market hours. Last quarter, the company reported revenues of $611 million, up 7.1% year on year, beating analysts' revenue expectations. For the upcoming quarter, the market expects FactSet's revenue to grow 5.2% year on year, in line with the 5.9% increase recorded in the same quarter last year. Analysts have generally reconfirmed their estimates over the last 30 days, and FactSet rarely misses Wall Street's revenue estimates. The stock is down 14.2% over the last month, heading into earnings with an average analyst price target of $252.25 compared to the current share price of $232.45.
Morningstar integrates research into Microsoft 365 Copilot and launches daily CLO indexes
Morningstar is rolling out Microsoft 365 Copilot integrations that bring its research and analytics directly into tools like Outlook and Excel, while also launching new daily valuation indexes for the collateralized loan obligations market in collaboration with Houlihan Lokey. The Copilot integration aims to embed Morningstar's analyst reports, fund data, and models into the workflows of advisors and analysts, helping the company compete with data providers such as S&P Global, FactSet, and Bloomberg. The new Morningstar Houlihan CLO Indexes extend Morningstar's index business into private credit, targeting growing demand for transparency in CLOs and leveraged loans. These moves come as Morningstar's stock recently closed at $154.65, down 12.5% over the past 30 days and 50.2% over the past year.
Shares of FactSet surged 9.4% after the company announced the limited release of Portfolio Analytics MCP, a new AI-powered tool that integrates portfolio analytics into conversational AI workflows for investment teams. The launch positions FactSet to benefit from rising demand for AI solutions in financial markets. The move also comes ahead of the company's upcoming third-quarter earnings report, with analysts expecting revenue of approximately $617.2 million, a 5.4% increase year-over-year, and earnings per share of $4.44, up 4% from the prior year. FactSet's stock has been volatile, with 21 moves greater than 5% over the past year, and remains down 19.4% year-to-date, trading 49% below its 52-week high of $450.30.
FactSet Q3 Earnings Preview: Wall Street Projects Key Metrics
Wall Street analysts expect FactSet Research to report quarterly earnings of $4.44 per share, a 4% increase year-over-year, with revenues of $617.19 million, up 5.4%. The consensus estimate for revenues from US clients is $403.21 million, a 6% rise, while international revenues from EMEA and Asia Pacific are projected at $212.71 million, up 3.8%. Analysts forecast total annual subscription value of $2.44 billion, total clients of 9,255, and total users of 235,833. FactSet shares have declined 12.6% over the past month, compared to a 1.4% drop in the S&P 500.
FactSet Expands Model Context Protocol Suite to Portfolio Analytics
FactSet announced the limited release of the FactSet Portfolio Analytics MCP, bringing governed portfolio analytics into conversational and agentic AI workflows. The new tool provides buy-side investment professionals with broader access to pre-calculated performance, attribution and risk insights through natural language interfaces, without rebuilding data pipelines or compromising governance. It serves as an additional distribution method for analytics already in use, delivering audit-ready, book-of-record results inside clients' private LLM environments. The solution includes enterprise-level AI Ready Data, developer support for building proprietary agents, and seamless integration with fundamental and quantitative research. This release builds on FactSet's expanding suite of AI-ready data capabilities, including unstructured data MCP, vectorized data API, Event Hub, and Intelligent Document Service.
StockStory Highlights Dynatrace as Cash-Producing Stock to Watch, Flags FactSet and Lemonade as Sells
StockStory identified Dynatrace as a cash-producing stock worth investigating, citing its 26.2% trailing 12-month free cash flow margin, 24% billings growth, and 81.7% gross margin. The firm also flagged FactSet and Lemonade as stocks to ignore, pointing to FactSet's 5.6% annual sales growth and 7.1% annual EPS growth, and Lemonade's 2.3% free cash flow margin, 18.4% annual book value per share decline, and negative return on equity.
FactSet Research Systems Earns Zacks Rank #2 and Value Grade A
FactSet Research Systems currently holds a Zacks Rank #2 (Buy) and a Value grade of A, signaling it may be undervalued. The stock trades at a P/E ratio of 15.56, below its industry average of 18.27, and its forward P/E has ranged from 15.56 to 28.30 over the past 52 weeks. Its P/S ratio stands at 3.28 versus an industry average of 3.4, while its P/CF ratio of 14.04 compares favorably to the industry's 20.37. These metrics, combined with a strong earnings outlook, suggest FactSet Research Systems is a compelling value opportunity.
FactSet Research Earnings Expected to Rise Ahead of July 1 Report
FactSet Research is expected to report higher earnings and revenue for the quarter ended May 2026 when it releases results on July 1. The Zacks Consensus Estimate calls for earnings of $4.44 per share, a 4% increase from a year ago, on revenue of $617.19 million, up 5.4%. The Most Accurate Estimate is lower than the consensus, resulting in an Earnings ESP of -1.85%, which combined with a Zacks Rank of 2 makes it difficult to conclusively predict an earnings beat. Over the last four quarters, the company has beaten consensus EPS estimates twice, including a 2.06% surprise last quarter.
FactSet's Recurring Revenue and Strong Liquidity Offset Margin Pressure and Competition
FactSet Research Systems is leveraging its recurring revenue model and AI integration to drive growth, though rising costs and stiff competition weigh on margins. Organic Annual Subscription Value reached $2,449.1 million in the last reported quarter, up 6.7% year over year, fueled by data solutions and workstations across all regions. The company is deploying AI internally, with coding assistants generating nearly one-fifth of successful code commits, and completed acquisitions of idaciti, LiquidityBook, and LogoIntern to enhance client workflows. As of February 28, 2026, free cash flow stood at $186 million and cash at $285 million with no current debt, while the current ratio of 1.43 exceeded the industry average of 1.01. However, second-quarter fiscal 2026 operating margin fell to 30.3% from 32.5% a year ago, and management maintained full-year adjusted operating margin guidance of 34-35.5%, reflecting continued investment in compensation, cloud, and AI. The company faces intense competition from Bloomberg, Thomson Reuters, S&P Global Market Intelligence, MSCI, Morningstar, BlackRock Solutions, and RIMES Technologies, which limits pricing power and pressures market share.
FactSet Q2 2026 Earnings Beat Estimates as Dividend Rises to $1.16
FactSet Research Systems reported second-quarter 2026 revenue and adjusted earnings per share that exceeded Wall Street estimates, reinforcing its profile as a consistently growing dividend payer. The company raised its dividend to $1.16 per share in May 2026, signaling confidence in cash generation despite higher technology and cloud expenses. FactSet's narrative projects $2.8 billion in revenue and $712.8 million in earnings by 2029, requiring 5.5% annual revenue growth and a roughly $125 million increase from the current $587.8 million in earnings. Some analysts had previously assumed revenue growth of about 4.5% and earnings near $666.2 million by 2028, but the earnings beat could shift those more pessimistic views on margins and AI competition.
FDS · Capital · Positive FactSet reported Q2 2026 earnings and revenue that beat estimates, and raised its dividend, signaling strong financial performance and confidence.
FactSet Research Offers 2.03% Dividend Yield and 8.4% Annualized Increase
FactSet Research Systems, a Norwalk-based business services company, currently pays a quarterly dividend of $1.16 per share, yielding 2.03% compared to the Business-Information Services industry average of 0.92% and the S&P 500's 1.44%. The company's annualized dividend of $4.64 represents an 8.4% increase over last year, and it has raised its dividend five times in the past five years for an average annual increase of 8.04%. FactSet's payout ratio stands at 25% of trailing twelve-month earnings, and the Zacks Consensus Estimate projects fiscal 2026 earnings of $17.66 per share, a 4% rise from the prior year. The stock carries a Zacks Rank of #2 (Buy).
FDS · Capital · Positive FactSet has raised its dividend five times in five years, with an 8.4% annualized increase, a 2.03% yield above industry average, and a low 25% payout ratio, signaling strong financial health and shareholder returns.
PurePlay ETFs Launches First ETF Tracking the NVIDIA Value Chain
PurePlay ETFs has launched the PurePlay NVIDIA Ecosystem Picks & Shovels Index ETF, the first US-listed ETF designed to provide end-to-end exposure to the NVIDIA value chain under a single ticker. Trading under the symbol NVPS, the fund tracks the Solactive Nvidia Picks & Shovels Index and uses FactSet supply chain data to identify companies that derive at least 50% of revenue from NVIDIA-related activities. Holdings are organized across six pillars—raw materials, tools, fabrication, packaging, infrastructure, and connectivity—and are weighted by their level of involvement and criticality. Founder Joseph DeYonker said the ETF offers a targeted alternative to broad AI funds that may dilute the theme and leveraged single-stock products that carry elevated risk. NVPS is the inaugural fund from PurePlay ETFs, a thematic issuer focused on precision-engineered, data-driven exposure to the ecosystems shaping the global economy.
PurePlay ETFs · Capital · Positive PurePlay ETFs launches its first fund, NVPS, a significant capital markets event for the issuer.
NVDA · Demand · Positive The ETF tracks NVIDIA's value chain, increasing investor exposure and demand for NVIDIA's ecosystem.
FDS · Demand · Positive FactSet provides supply chain data used to identify NVIDIA-related companies, potentially increasing demand for its data services.
Solactive AG · Demand · Positive Solactive's index is used as the benchmark for the new ETF, potentially increasing licensing revenue.
FactSet Research Systems Stock Slips 49.7% From Its 52-Week High
FactSet Research Systems stock has fallen 49.7% from its 52-week high of $453.41 reached on July 14, 2025. The Norwalk, Connecticut-based financial data and analytics company, valued at $8.7 billion, saw its shares rise 9.2% over the past three months, underperforming the S&P 500 Index's 10.5% gain during the same period. Over the past 52 weeks, the stock has declined 46.1%, while the S&P 500 returned 24%. On March 31, the stock rose 6.1% after reporting second-quarter fiscal 2026 revenue of $611 million and adjusted earnings per share of $4.46, both exceeding Wall Street estimates, and the company expects full-year earnings of $17.25 to $17.75 per share on revenue of $2.45 billion to $2.47 billion. Among 17 analysts, the consensus rating is Hold with a mean price target of $260.44, implying a 14.1% upside.
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