Track market-moving stories before they get noisy

Key Takeaways FDS' AI offerings drove more than 10% of new ASV in fiscal Q4'26, with more than 650 clients engaged in MCP.AI-driven automation cut data processing times by over 75%, while fiscal 2026 FCF rose 14% to $707M.FDS faces rising AI competition, slowing ASV growth & margin pressures despite projected earnings growth.
FactSet’s (FDS - Free Report) expanding artificial intelligence (AI) capabilities and growing adoption of model context protocol (MCP) solutions are driving new revenue opportunities and deeper client engagement. Rising demand for AI-enabled data feeds and analytics supports cross-selling and long-term growth. Meanwhile, AI-driven automation, workforce optimization and organizational simplification are enhancing operating efficiency, while strengthening operating leverage, supporting margin expansion and driving sustained earnings and free cash flow growth.

The company’s first-quarter fiscal 2027 earnings are expected to increase 11.1% year over year. Its fiscal 2027 and 2028 earnings are projected to rise 9% and 10.5%, respectively. Revenues are anticipated to grow 5.8% in fiscal 2027 and fiscal 2028.

Factors That Bodes Well for FDS’ SuccessAI Adoption & Expanding Data Drive Long-Term Growth: FactSet's expanding AI capabilities are creating new revenue opportunities and deepening client relationships. In fourth-quarter fiscal 2026, AI-enabled offerings contributed more than 10% of new annual subscription value (ASV). More than 650 clients were engaged in MCP contracts or trials at fiscal year-end, while MCP application programming interface (API) call volumes surged sevenfold sequentially. Clients adopting AI solutions recorded ASV growth at twice the rate of the broader client base, highlighting rising demand and cross-selling opportunities. Moreover, double-digit growth in data ASV reflects increasing adoption of direct feeds, APIs and AI-driven delivery channels. Continued integration of AI into financial workflows should support sustained client expansion and long-term revenue growth.

AI-Driven Efficiency Supports Margin Expansion: FactSet's organizational restructuring and AI-driven automation are enhancing operating efficiency and creating capacity for growth investments. In fiscal 2026, the company reduced headcount and expanded AI-assisted engineering initiatives to streamline operations. Automation reduced private markets data processing times by more than 75%, while its client assistance agent now resolves more than 30% of user requests without human intervention.

The shift toward a unified product organization and lower operating complexity should further improve cost efficiency. Continued automation and disciplined resource allocation are expected to strengthen operating leverage, supporting sustained margin expansion, earnings growth and free cash flow generation.

Free Cash Flow & Shareholder Returns Aid Long-Term Value: FactSet's sustained cash generation supports higher shareholder distributions and financial flexibility. Free cash flow increased from $584.8 million in fiscal 2023 to $614.7 million in fiscal 2024 and $617.5 million in fiscal 2025. In fiscal 2026, free cash flow rose more than 14% to $707 million, including $177 million in the fourth quarter despite restructuring costs. Share repurchases more than doubled to $644 million, reducing shares outstanding by nearly 7%. Total capital returned through dividends and buybacks exceeded $800 million, up more than 75% year over year. Rising cash generation and disciplined capital allocation should sustain shareholder returns while providing capacity for strategic investments and long-term earnings growth.

Watch Out for These Risks to FDS StockRising AI Competition & Pricing Uncertainty: FactSet faces increasing competition as financial data providers and AI platforms expand their MCP-enabled offerings. The shift toward agent-driven workflows could weaken demand for traditional workstations and reduce pricing power. Meanwhile, growing reliance on consumption-based pricing introduces revenue variability and reduces visibility into forecasts. AI monetization remains in its early stages, with adoption varying across clients. Intensifying competition and evolving customer preferences could constrain client expansion, limit pricing flexibility and slow revenue growth. These uncertainties may challenge FactSet's ability to sustain predictable long-term growth despite increasing AI adoption.

Margin Pressure & Slowing Growth Threaten Earnings: FactSet's infrastructure, cybersecurity and product investments weighed on fiscal 2026 profitability, with adjusted operating margin contracting 180 basis points to 34.5%. Higher incentive compensation recognized ahead of associated revenues added to margin pressure. Management expects organic ASV growth to moderate to 5-6.5% in fiscal 2027 from 7% in fiscal 2026. Higher taxes and refinancing costs on $500 million of notes maturing in March 2027 are expected to reduce EPS growth by approximately two percentage points. Despite a projected 25-75 basis-point margin recovery, slower growth and continued investment needs could constrain earnings expansion. Delays in realizing productivity gains may further limit profitability improvement.

FDS’ Zacks Rank & Stocks to ConsiderFactSet currently carries a Zacks Rank #3 (Hold) at present. 

A couple of better-ranked stocks in the broader Business Services sector are The GEO Group, Inc. (GEO - Free Report) and GFL Environmental Inc. (GFL - Free Report) .

The GEO Group carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 14%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

GEO beat earnings estimates in three of the trailing four quarters and matched once, delivering an earnings surprise of 24.6%, on average.

GFL Environmental also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 23.6%.

GFL beat earnings estimates in two of the trailing four quarters and missed twice, with an average earnings surprise of 19.4%.

Integration streamlines investor onboarding to private funds, digitalizes fund subscriptions, and centralizes investment reporting for institutional investors wealth managers

, /PRNewswire/ -- SUBSCRIBE, the global fintech company providing the leading enterprise operating system for alternative investments, today announced a strategic partnership with FactSet (NYSE: FDS| NASDAQ: FDS), a leading global data and AI solutions provider to the financial markets. The partnership integrates SUBSCRIBE's private markets workflow and data solution into FactSet's leading platform for trusted data, research, & analytics, and advisor and client intelligence, delivering an end-to-end private markets experience for institutional investors and wealth managers.

The integration provides FactSet's clients with seamless investor onboarding to private funds, digitalized fund subscriptions, and centralized post-trade investment reporting, enabling investors to manage, analyze, and monitor private and public investments side by side within a single platform.

"Our goal has always been to rebuild the critical infrastructure and data layers required for managing private market fund investments," said Rafay Farooqui, Founder and CEO of SUBSCRIBE. "FactSet is one of the investment and wealth management industries' leading providers of portfolio performance, risk analytics, and reporting software. Together, we can deliver a truly superior end-to-end experience to institutional and wealth management investors at scale."

"This partnership creates meaningful value for our clients, streamlining and synthesizing data for greater visibility into private market portfolios," said Greg King, Senior Director and Head of Wealth Management at FactSet. "As inflows to alternative investments continue to grow, our integrated offering with SUBSCRIBE is uniquely positioned to deliver value across the total portfolio, including both public and private investments."

SUBSCRIBE currently serves both institutional investment and wealth management firms, supporting over $6 trillion in private market assets for leading institutional investors and alternative asset managers, and more than 55,000 financial advisors across 1200 wealth management firms. The partnership extends SUBSCRIBE's reach to FactSet's more than 8,600 global clients and 219,000 individual users, equipping them with alternative investment workflow tools embedded directly into their existing research, analytics, and investment processes.

For more information, visit www.subscribeplatform.com or www.factset.com.

About SUBSCRIBE
SUBSCRIBE is a fintech company digitally transforming the landscape of alternative investments for alternative asset managers, institutional investors, wealth managers, law firms, and fund administrators. Our platform technology modernizes the archaic infrastructure of private fund investments by delivering a central operating system — catering to every role within the investment process empowering them to connect any fund, any investor, anywhere in the world on a single platform. SUBSCRIBE supports over $6 trillion in private market assets and is the trusted technology partner to thousands of firms that rely on our end-to-end enterprise solution to scale their private market investment programs and manage investment processes across pre-trade, trade, and post-trade fund workflows. For additional information, visit www.subscribeplatform.com or follow the company on LinkedIn.

Media Contact:
[email protected]

SOURCE SUBSCRIBE

On October 05, 2026, FactSet Research Systems Inc FDS shares rose 3.9% to a current price of $276.44, within a 52-week range of $185.00 to $320.48. This price performance shows a positive shift compared to a recent decline in the stock, which was down 8.4% over the past month and 3.4% year-to-date.

GF Value™ verdict: Stock priced at $276.44 is 45.1% below GF Value of $503.32, indicating significant undervaluation.GF Score™: FDS has a strong GF Score™ of 94/100, suggesting solid overall fundamentals.Notable signal: The momentum rank stands at 9/10, reflecting positive stock performance trends in the short term.Is FDS Overvalued or Undervalued?FactSet Research Systems Inc's current market price significantly contrasts with its GF Value™, which estimates the fair value at $503.32. This indicates that the stock is undervalued by approximately 45.1%, presenting an attractive margin of safety for potential investors. The GF Valuation label categorizes FDS as "Significantly Undervalued," signifying a promising opportunity should the stock align more closely with its intrinsic value in the future.

The GF Value™ is GuruFocus' proprietary estimate of intrinsic value, derived from a comprehensive analysis of historical trading multiples, past business growth, and projections for future performance. Given the current price of $276.44, investors may have the opportunity to purchase shares at a discount, contingent upon the company's ability to sustain growth and profitability in the coming periods.

How Does FDS's Valuation Compare to Its History?MetricCurrentHistoricalP/E (TTM)19.0x33.9xForward P/E14.1xN/AFactSet's current P/E ratio of 19.0x is substantially below its 5-year median of 33.9x, indicating that the stock is trading at a significant discount relative to its historical valuation. This P/E analysis supports the GF Value™ verdict of undervaluation, suggesting that FDS may be a compelling investment opportunity as its price has not only fallen below historical levels but is also expected to recover as the market recognizes its intrinsic value.

What Does FDS's GF Score™ Tell Us?The GF Score™ measures the overall quality and attractiveness of a stock based on various fundamental metrics, including financial strength, profitability, growth, valuation, and momentum. With a GF Score™ of 94/100, FactSet demonstrates strong fundamentals, particularly in profitability and growth, earning perfect scores in both categories.

MetricRatingGF Score™94/100Financial Strength6/10Profitability10/10Growth10/10Valuation4/10Momentum9/10The strong profitability and growth scores indicate that FactSet is effectively managing its operations and expanding, while the valuation score of 4/10 suggests that the current price does not reflect the company’s potential fully. The financial strength score of 6/10 indicates a stable financial position, but it could be an area of concern that investors should monitor moving forward.

What Are Gurus and Insiders Doing with FDS?Currently, 10 gurus hold shares of FactSet, with 7 increasing their positions and only 1 trimming holdings in recent quarters. This indicates a generally positive sentiment among institutional investors regarding the stock's future performance. The guru ownership signal is crucial as it reflects confidence from sophisticated investors, which can be a determinant factor for retail investors.

In terms of insider activity, over the past 12 months, insiders have bought $0.2 million worth of shares while selling $1.5 million, resulting in a net selling of $1.3 million. This pattern of net selling could be a cautious signal, suggesting that insiders may be taking profits or reacting to market conditions. However, the previous buying activity may indicate some level of confidence in the company’s long-term prospects.

What This Means for InvestorsBased on the GF Value™ assessment, FactSet Research Systems Inc FDS is currently undervalued, presenting a significant buying opportunity for investors. However, the net selling by insiders and the lower financial strength score warrant careful consideration and monitoring of the company's performance moving forward. For more detailed insights and metrics, visit the FactSet Research Systems Inc (FDS) stock page for further analysis.

Frequently Asked QuestionsWhat is FDS's GF Score™?

FDS has a GF Score™ of 94/100, indicating strong overall fundamentals and a favorable investment profile.

Is FDS overvalued or undervalued?

FDS is currently undervalued, with a GF Value™ estimate of $503.32 compared to its market price of $276.44.

What is FDS's P/E ratio?

FDS's P/E (TTM) ratio is 19.0x, which is significantly below its 5-year median of 33.9x, suggesting it is trading at a discount to its historical valuation.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

FactSet Research Systems Inc. (FDS) Q4 2026 Earnings Call Transcript

FactSet Research (FDS - Free Report) came out with quarterly earnings of $4.52 per share, beating the Zacks Consensus Estimate of $4.32 per share. This compares to earnings of $4.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.63%. A quarter ago, it was expected that this financial data firm would post earnings of $4.44 per share when it actually produced earnings of $4.53, delivering a surprise of +2.03%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

FactSet, which belongs to the Zacks Business - Information Services industry, posted revenues of $634.7 million for the quarter ended August 2026, surpassing the Zacks Consensus Estimate by 1.03%. This compares to year-ago revenues of $596.9 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

FactSet shares have lost about 10.4% since the beginning of the year versus the S&P 500's gain of 12.1%.

What's Next for FactSet?While FactSet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for FactSet was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. 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.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Business - Information Services is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, TransUnion (TRU - Free Report) , is yet to report results for the quarter ended September 2026.

This credit reporting company is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of +10%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

TransUnion's revenues are expected to be $1.31 billion, up 12.2% from the year-ago quarter.

Breaking Down Where Wall Street Sees the S&P 500 Going in 2025FactSet Research Systems NYSE: FDS reported record fourth-quarter organic annual subscription value, or ASV, growth for fiscal 2026, as the financial-data provider cited demand for AI-enabled products, data feeds and enterprise agreements.

For the fiscal year ended Aug. 31, FactSet generated $168 million of organic ASV growth, or 7%, bringing total ASV to $2.56 billion. Chief Executive Officer Sanoke Viswanathan said the result exceeded the high end of the company’s guidance range and represented its highest fourth-quarter ASV performance on record.

Get FDS alerts:

FactSet Research Systems Falls Into The Buy ZoneFourth-quarter organic ASV increased by $86 million, while revenue rose 6.3% year over year to more than $634 million. FactSet reported adjusted operating income of $209 million and an adjusted operating margin of 33%. Adjusted diluted earnings per share increased 11% to $4.52.

For the full fiscal year, revenue rose 6.7% to $2.476 billion, adjusted operating income was $855 million, and adjusted operating margin was 34.5%. Adjusted EPS increased 6% to $18.01. Free cash flow totaled $707 million for the year, up more than 14%, including $177 million in the fourth quarter.

Growth Across Client Types and Regions Factset Research Systems, Going Parabolic And Gaining MomentumFactSet said growth was broad-based across its customer segments and geographies. In the fourth quarter, institutional buy-side organic ASV rose 5%, while the company’s dealmakers category across buy-side and sell-side clients grew 9%. Wealth-management ASV increased 9%, and market-infrastructure ASV grew 8%.

By region, organic ASV grew 7% in the Americas, 5% in Europe, the Middle East and Africa, and more than 10% in Asia-Pacific.

Viswanathan said the company’s commercial activity included six- and seven-figure deals for offerings including AI for Banking, Model Context Protocol, or MCP, Deep Sector content, trading solutions and real-time data. FactSet also cited several eight-figure enterprise agreements with global asset managers.

The company said it is increasingly moving from seat-based contracts to flexible enterprise agreements. During the fourth quarter, a majority of renewed ASV was secured through enterprise agreements or contracts lasting at least three years. That increased average contract length by roughly 30% while broadly preserving pricing, according to management.

AI Products Gain Adoption Management emphasized that AI-related products are becoming a larger contributor to new business. AI offerings accounted for more than 10% of the ASV added in the fourth quarter, Chief Financial Officer Josh Warren said, exceeding the company’s total AI contribution in fiscal 2025.

FactSet said more than 650 clients were actively engaged through contracts or trials to access datasets through MCP at fiscal year-end. API call volume in the fourth quarter was seven times the prior quarter’s level, according to Viswanathan.

“Clients using our AI solutions grew their ASV twice as fast as the rest of our client base in Q4,” Viswanathan said.

The company launched its first Portfolio Analytics MCP during the quarter, extending portfolio analytics capabilities to agentic workflows involving performance measurement, risk and reporting. FactSet also said it launched products during fiscal 2026 including multi-asset-class risk models, quant-modeling tools and agents for banking, buy-side and wealth-management clients.

Management said MCP adoption often begins with trials and can expand into larger data-feed, workstation and agentic-workflow relationships. Viswanathan said a majority of existing workstation customers that added MCP increased their overall ASV with FactSet, with growth ranging from 20% to 50% more than customers without that addition on average.

Productivity Actions and Margin Outlook FactSet’s adjusted operating margin declined about 180 basis points during fiscal 2026 from the prior year. Warren attributed the pressure to structural investments in infrastructure modernization, cybersecurity and resilience, along with upfront performance-based incentive compensation related to stronger ASV growth. Revenue associated with ASV is recognized over time, while incentive compensation is expensed upfront, he said.

The company reduced overall headcount during the fourth quarter, marking its first annual headcount decline after several years of growth. Warren said FactSet implemented additional workforce reductions earlier in September, while continuing to invest in product development and client service.

Viswanathan said the company had consolidated business units into a unified product organization, exited businesses where it did not believe it had the right to win, and expanded AI use in engineering, support and data operations. The company said AI-enabled projects in product and engineering rose roughly 40% during the quarter.

FactSet also reported that its client-assist agent was fully rolled out by the fourth quarter and now resolves more than 30% of user-initiated requests without human interaction.

For fiscal 2027, FactSet expects organic ASV growth of 5% to 6.5% and reported revenue growth of 5% to 6%. Like-for-like revenue growth is expected to be roughly 100 basis points higher than reported growth, reflecting factors including the company’s exit from the ESG Signals attribution business, foreign exchange rates and other one-time items.

The company forecast adjusted operating-margin expansion of 25 to 75 basis points in fiscal 2027. Warren said FactSet expects high-single-digit EPS growth despite estimated headwinds of about 2% from a higher assumed tax rate and increased interest expense related to the refinancing of $500 million of notes maturing in March 2027.

BCC Group Acquisition and Capital Returns Following the close of the fourth quarter, FactSet announced the acquisition of Frankfurt-based BCC Group, a provider of real-time data infrastructure. Viswanathan said the transaction expands FactSet’s ability to offer integrated entitlement management and distribution capabilities for real-time feeds, helping clients transition from incumbent providers.

FactSet repurchased about 552,000 shares for $138 million during the fourth quarter. For fiscal 2026, the company repurchased approximately $644 million in shares, reducing shares outstanding by almost 7%. Combined dividends and repurchases exceeded $800 million, up more than 75% from the prior year.

Management said it plans to provide further details on its medium-term strategy, financial targets and shareholder-value framework at an Investor Day scheduled for Nov. 10.

About FactSet Research Systems (NYSE:FDS)FactSet Research Systems Inc provides financial data, analytics, and investment management technology to professionals across the global financial services industry. Its platform integrates market, company, portfolio, economic, and alternative data with analytical tools designed to support investment research, decision-making, reporting, and risk management.

The company serves asset managers, investment banks, wealth managers, hedge funds, private equity firms, corporations, and other financial institutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in FactSet Research Systems Right Now?Before you consider FactSet Research Systems, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FactSet Research Systems wasn't on the list.

While FactSet Research Systems currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

AI spending is reshaping the market, and the opportunity extends far beyond the biggest chipmakers. Discover 10 stocks set to benefit from powerful trends in AI infrastructure, cloud computing, energy, capital returns, and consumer growth this fall.

Get This Free Report

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Strong commercial execution and AI momentum drive organic ASV growth of 7.0%

NORWALK, Conn., Sept. 30, 2026 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS) (NASDAQ: FDS), a leading global intelligence and AI solutions provider to the financial markets, today announced results for its fourth quarter and fiscal 2026 ended August 31, 2026.

 Q4 and Fiscal 2026 Highlights Robust growth: Q4 GAAP revenues grew 6.3% year over year to $634.7 million, with organic revenues up 7.1%. Organic ASV increased by $168.2 million year over year to $2,568.2 million, up 7.0%.Commercial excellence: Enterprise relationships deepened. Annual ASV retention remained above 95%. During Q4, average renewal contract length increased by ~30%.AI momentum: AI solutions ASV added in fiscal 2026 more than doubled year over year.Capital returns: FactSet returned more than $179 million to shareholders in Q4, including $138 million in share repurchases and more than $41 million in dividends. During fiscal 2026, FactSet returned $808 million to shareholders and achieved its twenty-seventh consecutive year of dividend increases. "FactSet delivered strong results, highlighted by a record increase in organic ASV for both the fourth quarter and fiscal year with continued momentum across our AI and data solutions. During the year, we accelerated innovation, strengthened commercial execution, and improved productivity across the organization.

"As demand for trusted financial intelligence continues to grow, FactSet's high-quality data, embedded workflows, service excellence, and deep client relationships position us to drive sustainable growth and long-term shareholder value."

- Sanoke Viswanathan, CEO

Key Financial Measures*

(Condensed and Unaudited)Three Months Ended  Twelve Months Ended LatestAugust 31,  August 31, FY2026(Results in thousands, except per share data) 2026  2025 Change  2026  2025 ChangeGuidanceRevenues$634,698 $596,901 6.3 % $2,476,256 $2,321,748 6.7 %$2,450 - $2,470MOrganic revenues$635,543 $593,503 7.1 % $2,464,614 $2,309,287 6.7 % Operating income$156,624 $177,321 (11.7)% $699,957 $748,303 (6.5)% Adjusted operating income$209,393 $201,701 3.8 % $855,308 $843,432 1.4 % Operating margin 24.7% 29.7%   28.3% 32.2% 29.5% - 31.0%Adjusted operating margin 33.0% 33.8%   34.5% 36.3% 34.0% - 35.5%Net income$121,127 $153,616 (21.1)% $533,481 $597,040 (10.6)% Adjusted net income$160,887 $154,590 4.1 % $659,498 $651,617 1.2 % Adjusted EBITDA$209,212 $244,555 (14.5)% $911,407 $934,973 (2.5)% Diluted EPS$3.41 $4.03 (15.4)% $14.57 $15.55 (6.3)%$14.85 - $15.35Adjusted diluted EPS$4.52 $4.05 11.6 % $18.01 $16.98 6.1 %$17.25 - $17.75 * See reconciliation of U.S. GAAP to adjusted key financial measures in the back of this press release.

Fourth Quarter Fiscal 2026 Highlights

GAAP revenues increased 6.3% or $37.8 million to $634.7 million compared with $596.9 million in the prior year period.Organic revenues grew 7.1% year over year to $635.5 million.Annual Subscription Value ("ASV") was $2,565.2 million at August 31, 2026.Organic ASV was $2,568.2 million at August 31, 2026, up 7.0% or $168.2 million year over year.GAAP operating margin was 24.7% compared with 29.7% in the prior year period, primarily due to higher employee compensation costs, mainly driven by one-time restructuring charges and ASV-linked incentive plans, partially offset by an increase in revenues.Adjusted operating margin, which excludes acquisition-related intangible asset amortization and non-recurring items, was 33.0% compared with 33.8% in the prior year period, mainly due to higher compensation expense from ASV-linked incentive plans and technology-related expenses.GAAP diluted EPS was $3.41 compared with $4.03 for the same period in fiscal 2025, mainly driven by higher operating expenses, including non-recurring items, and a gain on the divestiture of a business in the prior year, partially offset by growth in revenues and a lower share count.Adjusted diluted EPS increased 11.6% to $4.52 compared with $4.05 in the prior year period, driven by growth in revenues and a lower share count.Net cash provided by operating activities was $204.7 million for the fourth quarter of fiscal 2026, a decrease of 3.5% compared with the prior year period.Free cash flow was $177.3 million for the fourth quarter of fiscal 2026, a decrease of 0.5% compared with the prior year period.GAAP effective tax rate decreased to 16.1% compared with 18.7% for the prior year period primarily due to the favorable resolution of uncertain tax positions in the U.S.
Full Year Fiscal 2026 Highlights

GAAP revenues increased 6.7% or $154.5 million to $2.48 billion. This result continues FactSet's track record of 47 consecutive years of increased revenues for the Company.GAAP operating margin was 28.3% compared with 32.2% for the prior year, primarily due to higher employee compensation costs, mainly driven by one-time restructuring charges, ASV-linked incentive plans and one-time CEO compensation costs, partially offset by growth in revenues.Adjusted operating margin was 34.5% compared with 36.3% in the prior year, mainly due to higher compensation expense from ASV-linked incentive plans and technology expenses.GAAP diluted EPS was $14.57 compared with $15.55 in the prior year period, mainly driven by higher operating expenses, including non-recurring items, partially offset by growth in revenues and a lower share count.Adjusted diluted EPS increased 6.1% to $18.01, primarily driven by growth in revenues and a lower share count. Fiscal 2026 marks the 30th consecutive year that FactSet has increased its adjusted diluted EPS.Net cash provided by operating activities was $822.2 million for fiscal 2026, an increase of 13.2% compared with the prior year period.Free cash flow was $707.5 million for fiscal 2026, an increase of 14.6% compared with the prior year period.GAAP effective tax rate increased to 17.9% compared with 17.2% for the prior year period primarily due to a stock-based compensation tax shortfall and the limitation on the deductibility of executive compensation, partially offset by the favorable resolution of uncertain tax positions in the U.S. Annual Subscription Value (ASV)

ASV at any given point in time represents the forward-looking revenues for the next 12 months from all subscription services currently supplied to clients. Organic ASV at any point in time equals our ASV excluding ASV from acquisitions and the comparable impact of dispositions and discontinued lines of business effected within the last 12 months and the impact of foreign currency movements.

ASV was $2,565.2 million at August 31, 2026, compared with $2,405.6 million at August 31, 2025. Organic ASV was $2,568.2 million at August 31, 2026, up $168.2 million from the prior year, for a growth rate of 7.0%.

Segment Revenues and ASV

(Results in millions)Aug. 31, 2026
ASVAug. 31, 2025
ASVAug. 31, 2026 Organic ASVOrganic ASV
GrowthQ4 FY26 RevenuesQ4 FY25
RevenuesOrganic Revenues GrowthAmericas$1,678.2$1,570.1$1,678.27.1%$414.3$388.76.7%EMEA$620.9$591.6$623.65.2%$154.8$147.46.6%APAC$266.1$243.9$266.410.6%$65.6$60.811.0%
Share Repurchase Program

FactSet repurchased 552,064 shares of its common stock for $138.0 million at an average price of $249.90 during the fourth quarter of fiscal 2026 under the Company’s share repurchase program. As of August 31, 2026, $356.0 million remained available for share repurchases under this program.

Annual Business Outlook

Fiscal 2027 Expectations:

Metric GuidanceOrganic ASV Growth5.0% – 6.5%Revenues$2,600 – $2,625 million GAAPAdjustedOperating Margin31.0% – 32.0%34.75% – 35.25%Diluted EPS$17.00 – $17.50$19.25 – $19.65
Adjusted operating margin and adjusted diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2027. Please see the back of this press release for a reconciliation of GAAP to adjusted metrics.

Conference Call

Fourth Quarter 2026 Conference Call Details

Date:Wednesday, September 30, 2026Time:   9:00 a.m. Eastern TimeParticipant Registration: FactSet Q4 2026 Earnings Call Registration
Please register for the conference call using the above link in advance of the call start time. Upon registration, you will receive dial-in information and a unique access PIN. The earnings presentation will be available on FactSet’s Investor Relations website at 8:30 a.m. Eastern Time on September 30, 2026, 30 minutes before the earnings call begins.

A replay will be available on the Investor Relations website after 1:00 p.m. Eastern Time on September 30, 2026, and will remain accessible through September 30, 2027. A transcript of the earnings call will be available via FactSet CallStreet.

Forward-looking Statements

This press release contains forward-looking statements based on management's current expectations, estimates, forecasts and projections about future events, trends, contingencies, and circumstances, industries in which FactSet operates and the beliefs and assumptions of management. All statements that address expectations, guidance, outlook or projections about the future, including statements about the Company's strategy, product development, revenues, future financial results, anticipated growth, market position, subscriptions, expected expenditures or investments, trends in FactSet’s business and financial results, are forward-looking statements. Forward-looking statements may be identified by words like "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "intends," "projects," "indicates," "predicts," "potential," or "continue," the negative of those terms, and similar expressions. Forward-looking statements are not guarantees of future performance, outcomes, events, or actions and involve a number of known and unknown risks, uncertainties, and assumptions. Many factors, including those discussed more fully elsewhere in this release and in FactSet's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, including Item 1A, Risk Factors, and quarterly reports on Form 10-Q, as well as others, could cause results, performance, achievements, or activities to differ materially from those expressed or implied by the forward-looking statements. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. FactSet assumes no duty to and does not undertake to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Future results could differ materially from historical performance.

About Non-GAAP Financial Measures

The Company reports its financial results in accordance with U.S. GAAP. The Company also refers to and presents certain additional non-GAAP financial measures. These measures include: organic revenues, adjusted operating margin, adjusted operating income, adjusted net income, EBITDA, adjusted EBITDA, adjusted diluted EPS, and free cash flow. The Company has included reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP at the back of this release.

FactSet uses these non-GAAP financial measures both in presenting its results to stockholders and the investment community and in its internal evaluation and management of the business. The Company believes that these non-GAAP financial measures provide useful supplemental information to investors because they permit investors to view the Company’s performance using the same tools that management uses to gauge progress in achieving its goals. Investors may benefit from referring to these non-GAAP financial measures in assessing the Company’s performance and when planning, forecasting and analyzing future periods, and such measures may also facilitate comparisons to historical performance. The Company believes that organic revenues, adjusted operating margin, adjusted operating income, adjusted net income, EBITDA, adjusted EBITDA, and adjusted diluted EPS help to fully reflect the underlying economic performance of FactSet. The Company believes that free cash flow is useful to investors because it is an indication of cash flow that may be available to pay debt obligations, make strategic acquisitions and investments, pay dividends, repurchase stock, and strengthen the balance sheet. The presentation of this non-GAAP financial information should not be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with GAAP. We are not able to provide reconciliations of certain forward-looking non-GAAP financial measures to comparable GAAP measures because certain items required for such reconciliations are outside of our control and/or cannot be reasonably predicted without unreasonable effort.

About FactSet

FactSet (NYSE: FDS | NASDAQ: FDS) supercharges financial intelligence, offering enterprise data and information solutions that help our clients maximize their potential. Our digital platform seamlessly integrates proprietary data, third-party sources, and flexible technology to deliver tailored solutions across the buy side, sell side, wealth, and corporate sectors. With over 48 years of expertise, we leverage advanced data connectivity, AI, and next-generation tools to streamline workflows and enable smarter decision-making. As an S&P 500 company serving more than 9,200 global clients and over 260,000 individual users, we are dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

Investor Relations:                         
Kevin Toomey
+1.212.209.5259
[email protected]

Media Relations:
Adam Dalezman
+1.203.810.1035
[email protected]

Consolidated Statements of Income(Unaudited)      Three Months Ended Twelve Months Ended August 31, August 31,(In thousands, except per share data) 2026  2025   2026   2025 Revenues$634,698 $596,901  $2,476,256  $2,321,748 Operating expenses      Cost of services 326,298  288,670   1,223,146   1,097,782 Selling, general and administrative 151,776  130,910   553,153   475,663 Total operating expenses 478,074  419,580   1,776,299   1,573,445        Operating income 156,624  177,321   699,957   748,303        Other income (expense), net      Interest income 1,442  2,050   4,064   6,533 Interest expense (14,398) (12,886)  (54,684)  (56,324)Other income (expense), net 703  22,466   379   22,446 Total other income (expense), net (12,253) 11,630   (50,241)  (27,345)       Income before income taxes 144,371  188,951   649,716   720,958        Provision for income taxes 23,244  35,335   116,235   123,918 Net income$121,127 $153,616  $533,481  $597,040        Basic earnings per common share$3.42 $4.07  $14.63  $15.74 Diluted earnings per common share$3.41 $4.03  $14.57  $15.55        Basic weighted average common shares 35,403  37,757   36,467   37,924 Diluted weighted average common shares 35,572  38,158   36,612   38,385 
Consolidated Balance Sheets(Unaudited)       (In thousands)August 31, 2026August 31, 2025ASSETS  Cash and cash equivalents$233,339$337,651Investments 31,993 17,445Accounts receivable, net of reserves of $13,584 at August 31, 2026 and $13,789 at August 31, 2025 301,439 270,684Prepaid taxes 11,406 33,600Prepaid expenses and other current assets 76,536 70,379Total current assets 654,713 729,759   Property, equipment and leasehold improvements, net 79,246 85,203Goodwill 1,283,025 1,284,708Intangible assets, net 1,849,510 1,916,102Deferred tax assets 74,550 61,226Lease right-of-use assets, net 113,275 121,776Other assets 88,524 105,498TOTAL ASSETS$4,142,843$4,304,272   LIABILITIES  Accounts payable and accrued expenses$136,104$135,262Current debt 499,436 —Current lease liabilities 34,253 33,145Accrued compensation 192,352 130,596Deferred revenues 184,264 167,852Current taxes payable 5,012 13,041Dividends payable 40,901 41,410Total current liabilities 1,092,322 521,306   Long-term debt 870,586 1,368,260Deferred tax liabilities 11,279 14,902Taxes payable 25,502 45,095Long-term lease liabilities 138,139 157,104Other liabilities 3,149 11,192TOTAL LIABILITIES$2,140,977$2,117,859   STOCKHOLDERS’ EQUITY  TOTAL STOCKHOLDERS’ EQUITY$2,001,866$2,186,413   TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$4,142,843$4,304,272 Certain prior year figures have been conformed to the current year's presentation.

Consolidated Statements of Cash Flows (Unaudited)  Twelve Months Ended August 31,(In thousands) 2026  2025 CASH FLOWS FROM OPERATING ACTIVITIES  Net income$533,481 $597,040 Adjustments to reconcile net income to net cash provided by operating activities  Depreciation and amortization 180,830  157,691 Amortization of lease right-of-use assets 32,268  30,982 Stock-based compensation expense 84,099  61,229 Deferred income taxes (14,284) (3,545)Gain on divestiture of a business —  (23,238)Other, net 17,415  11,867 Changes in assets and liabilities, net of effects of acquisitions  Accounts receivable (37,387) (42,540)Prepaid expenses and other assets (2,209) 65 Accounts payable and accrued expenses (4,405) (59,400)Accrued compensation 62,553  35,666 Deferred revenues 15,813  2,249 Taxes payable, net of prepaid taxes (5,079) (1,161)Lease liabilities, net (40,895) (40,645)Net cash provided by operating activities 822,200  726,260    CASH FLOWS FROM INVESTING ACTIVITIES  Purchases of property, equipment, leasehold improvements and capitalized internal-use software (114,720) (108,806)Acquisition of businesses, net of cash and cash equivalents acquired —  (348,255)Purchases of investments (53,834) (18,867)Proceeds from maturity or sale of investments 36,050  58,155 Proceeds from divestiture —  25,000 Net cash provided by (used in) investing activities (132,504) (392,773)   CASH FLOWS FROM FINANCING ACTIVITIES  Proceeds from debt 240,933  803,410 Repayments of debt (242,500) (805,000)Dividend payments (164,184) (159,973)Proceeds from employee stock plans 33,289  81,688 Repurchases of common stock (643,961) (300,457)Deferred acquisition consideration (15,327) (10,199)Other financing activities (7,697) (17,290)Net cash provided by (used in) financing activities (799,447) (407,821)   Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,309) 3,050 Net increase (decrease) in cash, cash equivalents and restricted cash (112,060) (71,284)Cash, cash equivalents and restricted cash at beginning of period 351,695  422,979 Cash, cash equivalents and restricted cash at end of period$239,635 $351,695    Reconciliation of total cash, cash equivalents and restricted cash:  Cash and cash equivalents$233,339 $337,651 Restricted cash included in Prepaid expenses and other current assets 6,296  6,522 Restricted cash included in Other assets —  7,522 Total cash, cash equivalents and restricted cash$239,635 $351,695  Certain prior year figures have been conformed to the current year's presentation.

Reconciliation of U.S. GAAP Results to Adjusted Financial Measures

Organic Revenues

Organic revenues exclude the current year impact of revenues from acquisitions and the comparable impact of dispositions and discontinued lines of business, effected within the past 12 months and the current year impact of foreign currency movements. The table below provides a reconciliation of revenues to organic revenues:

(Unaudited)Three Months Ended  Twelve Months Ended  August 31,  August 31, (In thousands) 2026 2025 Change  2026  2025 ChangeRevenues$634,698$596,901 6.3% $2,476,256 $2,321,748 6.7%Acquisition revenues — —    (10,066) —  Disposition revenues — (3,398)   —  (12,461) Currency impact 845 —    (1,576) —  Organic revenues$635,543$593,503 7.1% $2,464,614 $2,309,287 6.7%
Non-GAAP Financial Measures

The table below provides a reconciliation of operating income, operating margin, net income and diluted EPS to adjusted operating income, adjusted operating margin, adjusted net income, EBITDA, adjusted EBITDA, and adjusted diluted EPS.

Adjusted operating income and margin, adjusted net income, and adjusted diluted earnings per share exclude acquisition-related intangible asset amortization and non-recurring items. EBITDA represents earnings before interest expense, provision for income taxes and depreciation and amortization expense, while adjusted EBITDA further excludes non-recurring non-cash expenses.

 Three Months Ended  Twelve Months Ended  August 31,  August 31, (in thousands, except per share data) 2026  2025 % Change  2026  2025 % ChangeOperating income$156,624 $177,321 (11.7)% $699,957 $748,303 (6.5)%Intangible asset amortization 18,875  19,136    76,205  73,036  Restructuring/severance 26,899  576    46,200  259  CEO onboarding costs(1) 4,565  1,675    19,521  1,675  Business disposition, acquisitions and related costs 1,780  2,993    8,255  17,761  India labor codes reform —  —    2,883  —  Asset impairment —  —    887  —  Client bankruptcy charges —  —    750  —  Litigation reserve 650  —    650  —  Sales tax dispute(2) —  —    —  2,398  Adjusted operating income$209,393 $201,701 3.8% $855,308 $843,432 1.4%Operating margin 24.7% 29.7%   28.3% 32.2% Adjusted operating margin(3) 33.0% 33.8%   34.5% 36.3% Net income$121,127 $153,616 (21.1)% $533,481 $597,040 (10.6)%Intangible asset amortization 14,142  16,301    58,762  54,074  Restructuring/severance 20,154  491    35,625  192  CEO onboarding costs(1) 3,420  1,427    15,053  1,240  Impairment within Other assets(4) —  —    12,338  —  Business disposition, acquisitions and related costs 1,334  2,550    6,365  13,150  India labor codes reform —  —    2,223  —  Asset impairment —  —    684  —  Client bankruptcy charges —  —    578  —  Litigation reserve 487  —    501  —  Sales tax dispute(2) —  —    —  1,775  Gain on business divestiture —  (19,795)   —  (17,205) Gain on sale of investments —  —    (5,015) —  Non-operating income from business disposition (136) —    (604) —  Income tax items 359  —    (493) 1,351  Adjusted net income(5)$160,887 $154,590 4.1% $659,498 $651,617 1.2%Net income$121,127 $153,616 (21.1)% $533,481 $597,040 (10.6)%Interest expense 14,398  12,886    54,684  56,324  Income taxes 23,244  35,335    116,235  123,918  Depreciation and amortization expense 47,123  42,718    180,830  157,691  EBITDA$205,892 $244,555 (15.8)% $885,230 $934,973 (5.3)%Non-recurring non-cash expenses(6) 3,320  —    26,177  —  Adjusted EBITDA$209,212 $244,555 (14.5)% $911,407 $934,973 (2.5)%Diluted EPS$3.41 $4.03 (15.4)% $14.57 $15.55 (6.3)%Intangible asset amortization 0.40  0.43    1.60  1.41  Restructuring/severance 0.57  0.01    0.97  0.01  CEO onboarding costs(1) 0.09  0.03    0.41  0.03  Impairment within Other assets(4) —  —    0.34  —  Business disposition, acquisitions and related costs 0.04  0.07    0.18  0.34  India labor codes reform —  —    0.06  —  Asset impairment —  —    0.02  —  Client bankruptcy charges —  —    0.02  —  Litigation reserve 0.01  —    0.01  —  Sales tax dispute(2) —  —    —  0.05  Gain on business divestiture —  (0.52)   —  (0.45) Gain on sale of investments —  —    (0.14) —  Non-operating income from business disposition (0.01) —    (0.02) —  Income tax items 0.01  —    (0.01) 0.04  Adjusted diluted EPS(5)$4.52 $4.05 11.6% $18.01 $16.98 6.1%Weighted average common shares (diluted) 35,572  38,158    36,612  38,385   (1)For fiscal 2026, these costs are related to the recognition, over their respective service periods, of one-time make-whole cash and equity awards issued to our CEO.(2)Related to a resolved matter with the Massachusetts Department of Revenue.(3)Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.(4)Related to the impairment of an equity investment.(5)For purposes of calculating Adjusted net income and Adjusted diluted EPS, all adjustments for the three months ended August 31, 2026 and August 31, 2025, were taxed at an adjusted tax rate of 25.1% and 14.8%, respectively. The twelve months ended August 31, 2026 and August 31, 2025, were taxed at an adjusted tax rate of 22.9% and 26.0%, respectively.(6)Primarily related to the impairment of an equity investment and the recognition, over their respective service periods, of one-time equity awards issued to our CEO.
Business Outlook Reconciliation

(Unaudited) Figures may not foot due to roundingAnnual Fiscal 2027 Guidance(In millions, except per share data) Revenues$2,600 - $2,625Operating income$806 - $840Operating margin31.0% - 32.0%Amortization of intangible assets and other discrete items$85 - $97Adjusted operating income$903 - $925Adjusted operating margin(a)34.75% - 35.25%Diluted earnings per share per common share$17.00 - $17.50Amortization of intangible assets and other discrete items$2.15 - $2.25Adjusted diluted earnings per common share$19.25 - $19.65 (a)   Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.

Free Cash Flow

Cash flows provided by operating activities have been reduced by purchases of property, equipment, leasehold improvements and capitalized internal-use software to report non-GAAP free cash flow.

(Unaudited)Three Months Ended  Twelve Months Ended  August 31,  August 31, (In thousands) 2026  2025 Change  2026  2025 ChangeNet Cash Provided for Operating Activities$204,708 $212,100 (3.5)% $822,200 $726,260 13.2%Less: purchases of property, equipment, leasehold improvements and capitalized internal-use software (27,401) (33,966)(19.3)%  (114,720) (108,806)5.4%Free Cash Flow$177,307 $178,134 (0.5)% $707,480 $617,454 14.6%
Organic ASV

The following table presents the calculation of organic ASV.

(In millions)As of August 31, 2026As reported ASV$2,565.2 Impact from foreign currency movements 3.0 Organic ASV$2,568.2 Organic ASV annual growth rate(a) 7.0% (a)For comparability purposes, in calculating the organic ASV annual growth rate, the prior year excludes ASV from dispositions and discontinued lines of business effected within the last 12 months.

FactSet remains resilient against AI disruption fears, supported by strong moats and embedded products in financial workflows. FDS's Q4 setup appears favorable, with expected ASV and EPS beats likely to drive renewed investor enthusiasm and potential stock upside. Valuation multiples have expanded but remain reasonable, with FCF yield above 7% and a dividend yield of 1.7%, contingent on sustained growth.

The upcoming report from FactSet Research (FDS - Free Report) is expected to reveal quarterly earnings of $4.32 per share, indicating an increase of 6.7% compared to the year-ago period. Analysts forecast revenues of $628.23 million, representing an increase of 5.2% year over year.

The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

Bearing this in mind, let's now explore the average estimates of specific FactSet metrics that are commonly monitored and projected by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Revenues from clients- International (EMEA + Asia Pacific)' of 214.18 million. The estimate suggests a change of +2.9% year over year.

The combined assessment of analysts suggests that 'Revenues from clients- US' will likely reach 412.00 million. The estimate indicates a year-over-year change of +6%.

Analysts predict that the 'Total Annual Subscription Value' will reach $2.56 billion. Compared to the current estimate, the company reported $2.41 billion in the same quarter of the previous year.

According to the collective judgment of analysts, 'Total Clients' should come in at 9,452 . Compared to the present estimate, the company reported 8,996 in the same quarter last year.

View all Key Company Metrics for FactSet here>>>

Shares of FactSet have demonstrated returns of -10.9% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #3 (Hold), FDS is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Key Takeaways FactSet shares rose 29.1% in three months, beating the industry's 0.3% decline and the S&P 500's 5.1% gain.More than 20% of FDS' top 100 clients pay for MCP data, while AI SKUs drove more than 10% of Q3 ASV growth.FDS generated $254 million in Q3 free cash flow and returned $243.4 million to shareholders in the quarter. FactSet (FDS - Free Report) stock has gained 29.1% over the past three months against the industry’s 0.3% decline. The Zacks S&P 500 Composite has appreciated 5.1% during the same period.

Three-Month Share Price Performance
                                                                      Image Source: Zacks Investment Research

Let us delve deeper into the factors that have contributed to the company’s outperformance.

AI Adoption Expands Monetization & Wallet ShareFactSet is benefiting from rising demand for artificial intelligence (AI)-ready financial data while extending AI across data delivery and client workflows. More than 20% of its top 100 clients already use model context protocol (MCP) data on a paid basis, while more than 10% of third-quarter fiscal 2026 Annual Subscription Value growth came directly from AI Stock Keeping Units. MCP adoption is driving higher usage of existing workstations, Application Programming Interfaces and data feeds, creating a multiplier effect across the broader product portfolio. This expanding AI engagement can deepen existing client relationships and support additional wallet-share gains as customers increase data consumption and adopt new AI-enabled workflows.

Financial Flexibility Supports Client ExpansionFDS generated $284.5 million in net cash from operating activities during the third quarter of fiscal 2026, up 12.1% year over year, while free cash flow increased 11.1% to $254 million. The company maintained a conservative balance sheet, with gross debt leverage of 1.5X and net debt leverage of 1.2X. This financial flexibility gives FactSet room to fund product development, deepen client relationships and pursue selective growth opportunities. Recent expanded mandates with a sovereign wealth fund, global bank, outsourced chief investment officer and investment manager further highlight the opportunity to increase wallet share within its established customer base.

Capital Returns Generate Shareholder ValueFactSet returned $628.7 million to shareholders during the first nine months of fiscal 2026, including $243.4 million in the third quarter. Third-quarter returns comprised $203.1 million of share repurchases and $40.3 million of dividends. The company increased its quarterly dividend by 6 cents to $1.16 per share, marking its 27th consecutive year of dividend growth. This consistent capital-return program highlights FactSet’s durable cash-generation profile and disciplined capital allocation. Continued buybacks and dividend growth can support per-share value creation while allowing the company to maintain investment in strategic growth initiatives.

FDS’ Zacks Rank & Stocks to ConsiderFactSet currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

A couple of better-ranked stocks in the broader Business Services sector are CBIZ, Inc. (CBZ - Free Report) and TrueBlue, Inc. (TBI - Free Report) .

CBIZ holds a Zacks Rank of 2 (Buy) at present. It has a long-term earnings growth expectation of 10%.

CBZ beat earnings estimates in three of the last four quarters and missed once, with an average earnings surprise of 8.9%.

TrueBlue also carries a Zacks Rank #2 at present. It has a long-term earnings growth expectation of 14%.

TBI beat earnings estimates in three of the last four reported quarters and missed once, with an average earnings surprise of 22.4%.

Wall Street analysts set earnings bars they expect companies to clear, yet the numbers they publish tell a different story. Understanding the gap between their predictions and reality reveals a system built on incentives that have little to do with accurate forecasting.

NORWALK, Conn., Sept. 22, 2026 (GLOBE NEWSWIRE) -- FactSet, a leading global intelligence and AI solutions provider to the financial markets, today announced the acquisition of BCC Group International GmbH (bccg), a financial software development firm specializing in cloud-native and hybrid market data distribution platforms. The acquisition marks a milestone in the expansion of FactSet's Real-Time Solution Suite, strengthening its market data management capabilities. Combined with its premium Real-Time Consolidated Data Feeds, it helps firms meet the demands of a rapidly evolving capital markets landscape.

For decades, market data infrastructure operated on the same premise: build or buy a platform, plug in data feeds, and let it operate. Trading is now moving toward 24-hour operations, AI is rewriting rules for workflows, and regulators are raising the bar on cross-vendor governance. Today, firms are building expensive workarounds for systems never designed to be open, modular, or cloud-ready. The hidden costs are becoming impossible to ignore: innovation timelines stretch, talent is redirected to maintenance, and compliance burdens continue to grow.

FactSet’s acquisition of bccg is a direct response to that challenge. Through the acquisition, FactSet brings bccg's ONE Platform solution into its Real-Time Solution Suite, giving clients deployment flexibility without the overhead of monolithic systems. The acquisition strengthens FactSet’s real-time portfolio and represents a fundamental shift in how enterprise market data infrastructure can be designed and operated. Together, FactSet and bccg deliver:

Open Ecosystem with Governed Access: The ability to combine exchange feeds, third-party content, and proprietary data in a single governed environment. Entitlements management, compliance reporting, and cost controls are now centralized rather than siloed.API-First Integration: Interoperable components designed to connect seamlessly to existing workflows. Built for the infrastructure clients have today and workflows they are building for tomorrow.Flexible Deployment: Choose cloud, on-premises, or hybrid models to match your existing infrastructure and evolving requirements. The ONE Platform modular architecture means clients can select and deploy the components they need.Managed Solution: Full-service operations with high availability, key performance indicators (KPIs), and market data management optimization. FactSet and bccg have worked in collaboration together since 2021, solving real client problems and building technical alignment earned through delivery. The acquisition unites FactSet’s 25 years of real-time data investment with bccg's modern distribution architecture. Clients gain a single, accountable partner for both content and infrastructure: one with a proven delivery record and the depth to support what comes next.

"Clients have told us they don't just want another data vendor. They want a deeply invested open technology partner they already trust to manage their data. This acquisition is our response: FactSet’s content expertise, open architecture platform principles, and premier white-glove service, coupled with bccg’s modular, API driven, frictionless data management solution. Combined, our solutions are uniquely positioned to offer clients an alternative to the traditional monolithic offerings of yesterday."– said Brian Herte, Global Head of Market Data & Trading at FactSet.

"We are excited to join forces with a truly global partner with the scale and ambition to drive a paradigm shift in financial market data. By combining bccg's leading cloud-native market data distribution technology with FactSet's comprehensive data and managed services, we can give financial institutions a genuinely source-neutral alternative to today's lock-in. Openness and choice across the data ecosystem sit at the heart of that vision." – said Mauricio Gonzalez Evans, CEO of BCC Group International GmbH.

This is not expected to have a material impact on FactSet’s financial results.

About FactSet

FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that help our clients maximize their potential. Our digital platform seamlessly integrates proprietary data, third-party sources, and flexible technology to deliver tailored solutions across the buy side, sell side, wealth, and corporate sectors. With over 47 years of expertise, we leverage advanced data connectivity, AI, and next-generation tools to streamline workflows and enable smarter decision-making. As an S&P 500 company serving more than 9,100 global clients and over 247,000 individual users, we are dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

About BCC Group International

BCC Group (bccgi.com) is a Germany-based financial technology provider specializing in cloud infrastructure and management solutions for real-time, historical, reference, and all other types of market data.

Founded over 20 years ago, the company delivers vendor-neutral platforms—such as its flagship ONE Platform—that enable banks, trading firms, and financial institutions to ingest, entitle, and distribute financial market data across hybrid, private, and public cloud environments (including AWS, Azure, and Google Cloud). By focusing on open integration, usage-based licensing controls, and cloud data governance, BCC Group helps financial organizations streamline data delivery, reduce data provider lock-in, and control market data infrastructure costs.

FactSet Investor Relations:
Kevin Toomey
+1.212.209.5259
[email protected]

FactSet Media Relations:
Alexandra Shevchenko
[email protected]

Artificial intelligence, proprietary data and deeper workflow integration are reshaping the Zacks Business - Information Services industry. Combining AI with specialized datasets enables providers to deliver faster insights, automate processes and improve financial research, insurance analytics, credit assessment and fraud detection. FactSet (FDS - Free Report) , Verisk (VRSK - Free Report) and TransUnion (TRU - Free Report) are well positioned, although intensifying competition may pressure pricing and require clear differentiation.

Cloud-based subscription platforms also support recurring revenues, strong retention and cross-selling opportunities. By embedding analytics and productivity tools into customers’ daily operations, providers can strengthen relationships and improve revenue visibility. FactSet’s annual subscription value rose 6.7% year over year in the second quarter of fiscal 2026, while annual retention exceeded 95%. Still, clients increasingly demand measurable returns on spending.

Rising digital transactions, regulatory complexity and sophisticated fraud are boosting demand for identity, underwriting, compliance and risk solutions. Yet handling sensitive data creates cybersecurity, privacy, litigation and reputational risks.

Macroeconomic conditions remain an important variable. FactSet depends partly on financial-market spending, Verisk on insurance and catastrophe activity, and TransUnion on lending and consumer-credit volumes. Diversified, mission-critical offerings provide resilience, but prolonged weakness in capital markets, lending or customer budgets could delay purchases, intensify cost scrutiny and produce uneven growth across the industry over time.

About the Industry The Business Information Services industry encompasses financial data, market intelligence, credit reporting, identity verification, risk assessment, insurance analytics and workflow solutions. Its participants range from financial-data platforms such as FactSet to specialized insurance-data providers like Verisk and consumer credit and identity-information companies such as TransUnion. Industry growth is increasingly driven by demand for proprietary datasets, real-time analytics, cloud-based platforms and integrated decision-support tools. Artificial intelligence is accelerating this transition by improving data processing, forecasting, fraud detection, underwriting and workflow automation, while strengthening the value of accurate and trusted information. However, rapidly evolving technology also creates competitive, pricing and investment pressures.

What's Shaping the Future of the Industry? AI and Proprietary Data Are Reshaping Information Services: Artificial intelligence is transforming financial research, insurance analytics, credit assessment, fraud detection and decision-making. The combination of AI with proprietary, domain-specific data allows business information providers to deliver faster insights, automate workflows and develop more accurate analytical models.

This creates opportunities for FactSet, Verisk and TransUnion, which own specialized datasets across financial markets, insurance and consumer credit. However, rapidly evolving AI tools may increase competition and pricing pressure, requiring these companies to demonstrate superior accuracy, reliability and workflow value.

Subscription Platforms and Workflow Integration Support Growth:The industry continues shifting toward cloud-based subscription platforms embedded within customers’ daily workflows. These offerings improve revenue visibility, strengthen retention and create opportunities to cross-sell data, analytics and productivity solutions. FactSet’s annual subscription value increased 6.7% year over year in the second quarter of fiscal 2026, while annual ASV retention exceeded 95%.

This trend benefits FactSet and Verisk, whose platforms support essential investment and insurance decisions. TransUnion is similarly integrating credit, identity and fraud solutions into customer processes. However, customers’ focus on utilization and returns increases pressure on providers to demonstrate measurable value.

Fraud and Risk Complexity Are Increasing Demand:The expansion of digital transactions, evolving regulations and increasingly sophisticated fraud is driving demand for identity verification, credit assessment, underwriting, compliance and risk analytics. AI is improving detection capabilities, but it is also enabling criminals to conduct more targeted and scalable attacks.

This benefits TransUnion and Verisk, whose solutions help customers evaluate consumer, insurance and digital risks. TransUnion reported that one in six U.S. consumers lost money to digital fraud during the period covered by its first-half 2026 study. However, handling sensitive information also exposes providers to cybersecurity, privacy, litigation and reputational risks.

Macroeconomic Conditions Can Produce Uneven Demand: Although recurring revenues provide stability, industry demand remains sensitive to interest rates, investment activity, hiring, lending, insurance claims and consumer credit conditions. Strong capital-market activity supports demand for financial data, while expanding lending and digital commerce can increase the need for credit and fraud solutions.

This affects FactSet, Verisk and TransUnion differently. FactSet is exposed to financial-market spending, Verisk to insurance activity and catastrophe trends, and TransUnion to lending and consumer-credit volumes. Their diversified offerings and mission-critical products provide resilience, but prolonged economic weakness could delay purchases and increase customer cost pressure.

Zacks Industry Rank Indicates Encouraging Near-Term Prospects The Business – Information Services industry is housed within the broader Zacks Business Services sector. It carries a Zacks Industry Rank of #80, placing it in the top 32% of 247 Zacks industries.

The group’s Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates underperformance in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.

Before we present a few stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock-market performance and current valuation.

Industry's Price Performance Over the past year, the Zacks Business – Information Services industry has outperformed the Zacks Business Services sector but underperformed the S&P 500 Composite.

The industry has declined 13% compared with the S&P 500 Composite’s rally of 15.2% and the broader sector’s decline of 21.3% in the same time frame.

One-Year Price Performance

Industry's Price Performance Based on the forward 12-month price-to-earnings (P/E), which is commonly used for valuing business information services stocks, the industry is currently trading at 17.67X compared with the S&P 500’s 19.76X and the sector’s 17.15X.

Over the past five years, the industry has traded at a high of 32.54X and a low of 17.1X, with a median of 25.87X.

Price to Forward 12 Months P/E Ratio

3 Business Information Service Stocks in Focus We are presenting three stocks that are well-positioned to grow in the near term.

FactSet: The company has spent more than four decades delivering comprehensive data, advanced analytics, and flexible technology solutions to global financial professionals. The company continues to benefit from a growing client base and expanding global presence. FDS maintains a performance-driven culture focused on talent and technology, with continued investment in cloud-based platforms and digital infrastructure. Strategic acquisitions have also accelerated growth. The purchases of idaciti and Irwin enhanced data collection and investor relations workflows, while the acquisitions of LiquidityBook and LogoIntern strengthened portfolio management capabilities and improved productivity for investment professionals.

The company has consistently rewarded shareholders through dividends and share repurchases, reinforcing investor confidence.

FDS currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for fiscal 2026 EPS has been revised slightly upward to $17.77 in the past 60 days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Price and Consensus: FDS

Verisk Analytics: The company offers data analytics and technology solutions to the insurance industry.

VRSK continues to strengthen the quality of its revenue stream, with subscription revenues accounting for more than 80% of total revenues in 2025, consistent with recent quarters. The company has been raising prices during contract renewals, supporting growth in annualized recurring revenue. Its transition from a transaction-based model to a subscription-driven framework enhances revenue visibility and stability. Subscription fees are typically paid in advance, either quarterly or at the start of the subscription period, supporting stronger cash flow. Additionally, markets tend to assign higher valuations to SaaS-oriented companies, creating long-term value for shareholders. New offerings such as Claims Coverage Identifier and Provider Scoring are expected to attract new clients while encouraging existing customers to adopt subscription-based solutions.

VRSK has also consistently rewarded shareholders through dividends and share repurchases, steadily increasing returns. Meanwhile, its liquidity position remains solid, with a current ratio of 1.2 at the end of the fourth quarter of 2025, above the industry level and comfortably indicating the company’s ability to meet short-term obligations.

VRSK currently carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for 2026 EPS has increased slightly to $7.71 over the past 30 days.

Price and Consensus: VRSK

TransUnion: It is a global consumer credit reporting company that offers risk management and information solutions.

TransUnion is well-positioned to benefit from the rapid expansion of the big data and analytics market, which is being fueled by the growing reliance on data-driven decision-making across industries. By leveraging next-generation technology to enhance its analytics capabilities and expanding its already robust database, the company is effectively capitalizing on this high-growth opportunity. These strategic advancements enable it to deliver deeper business insights more efficiently, positioning it as a key player in a market with strong long-term potential.

TRU currently carries a Zacks Rank #3. The Zacks Consensus Estimate for 2026 EPS has increased 1.5% to $4.84 over the past 60 days.

Price and Consensus: TRU

NORWALK, Conn., Sept. 14, 2026 (GLOBE NEWSWIRE) -- FactSet (NYSE: FDS | NASDAQ: FDS), a leading global intelligence and AI solutions provider to the financial markets, today announced that it will host an Investor Day on November 10, 2026, in New York City and via live webcast.

Sanoke Viswanathan, Chief Executive Officer, Josh Warren, Chief Financial Officer, and members of FactSet’s executive leadership team expect to discuss the Company’s strategy, product roadmap, and financial outlook, followed by a live question-and-answer session. The event will also showcase demonstrations of FactSet’s comprehensive solutions and broad set of AI-powered products.

FactSet Investor Day 2026 Details

Date:Tuesday, November 10, 2026  Time:9:00 a.m. Eastern Time  Registration:FactSet Investor Day 2026   Registration for Investor Day is required. Presentation materials will be available on FactSet’s Investor Relations website at 8:30 a.m. Eastern Time on November 10, 2026, 30 minutes before the event begins. Following the event, a replay of the video webcast will be available for one year at investor.factset.com.

About FactSet

FactSet (NYSE: FDS | NASDAQ: FDS) supercharges financial intelligence, offering enterprise data and information solutions that help our clients maximize their potential. Our digital platform seamlessly integrates proprietary data, third-party sources, and flexible technology to deliver tailored solutions across the buy side, sell side, wealth, and corporate sectors. With over 47 years of expertise, we leverage advanced data connectivity, AI, and next-generation tools to streamline workflows and enable smarter decision-making. As an S&P 500 company serving more than 9,100 global clients and over 247,000 individual users, we are dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

Investor Relations:
Kevin Toomey
+1.212.209.5259
[email protected]

Media Relations:
Alexandra Shevchenko
+44 07518 131115
[email protected]

California State Teachers Retirement System raised its holdings in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 22,745.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,725,942 shares of the business services provider’s stock after buying an additional 9,683,369 shares during the period. California State Teachers Retirement System owned about 27.34% of FactSet Research Systems worth $2,237,745,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BOKF NA raised its holdings in FactSet Research Systems by 5,100.0% during the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after buying an additional 102 shares during the period. Navalign LLC purchased a new position in shares of FactSet Research Systems in the fourth quarter worth approximately $32,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of FactSet Research Systems during the fourth quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. boosted its stake in FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares during the period. Institutional investors and hedge funds own 91.24% of the company’s stock.

FactSet Research Systems Price Performance Shares of FDS stock opened at $259.66 on Friday. FactSet Research Systems Inc. has a 12 month low of $185.00 and a 12 month high of $370.98. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $276.83 and a two-hundred day moving average of $242.75. The company has a market capitalization of $9.24 billion, a P/E ratio of 17.11, a P/E/G ratio of 1.58 and a beta of 0.71.

FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.44 by $0.09. The firm had revenue of $622.92 million for the quarter, compared to analyst estimates of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. As a group, equities analysts expect that FactSet Research Systems Inc. will post 17.76 EPS for the current year. FactSet Research Systems Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be given a dividend of $1.16 per share. The ex-dividend date is Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.8%. FactSet Research Systems’s dividend payout ratio (DPR) is 30.57%.

Analyst Ratings Changes Several equities analysts have weighed in on FDS shares. Weiss Ratings upgraded shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 13th. Rothschild & Co Redburn cut FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 target price for the company. in a research report on Thursday, June 18th. William Blair upgraded FactSet Research Systems from a “market perform” rating to an “outperform” rating in a report on Tuesday. Jefferies Financial Group upped their price target on FactSet Research Systems from $225.00 to $253.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on FactSet Research Systems from $280.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $266.36.

Read Our Latest Stock Analysis on FDS

FactSet Research Systems Company Profile (Free Report)

FactSet Research Systems Inc (NYSE:FDS) provides financial data, analytics and technology solutions for investment professionals. Its platform integrates market, company, economic and alternative data with research and analytical tools, helping users evaluate securities, construct and monitor portfolios, manage risk and support investment decisions.

The company serves a broad range of financial institutions, including asset managers, wealth managers, investment banks, hedge funds, private-equity firms and corporate finance teams.

Further Reading Five stocks we like better than FactSet Research Systems Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model Kroger’s Textbook Entry for Buy-and-Hold Investors AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window Amgen Drops 10% on a Trial It Didn’t Even Run Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS – Free Report).

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Key Takeaways FactSet shares rose 16% in three months, outpacing the industry's 3.8% gain and the S&P 500's 5.2%.Organic ASV rose 7.1% to $2.49B in Q3 fiscal 2026, with annual ASV retention remaining above 95%.FDS faces margin and liquidity pressure as operating margin fell to 34% and the current ratio to 0.68. Shares of FactSet (FDS - Free Report) have had a decent run over the past three months. The stock has risen 16% compared with the industry's 3.8% growth. The Zacks S&P 500 Composite increased 5.2% during that period.

                                                                    Image Source: Zacks Investment Research

The company’s fourth-quarter fiscal 2026 earnings are expected to increase 6.2% year over year. Its fiscal 2026 and 2027 earnings are projected to rise 4.6% and 11.5%, respectively. Revenues are anticipated to grow 6.4% in fiscal 2026 and 5.9% in fiscal 2027.

Factors That Bode Well for FDS’ SuccessRecurring Revenue Strength: FactSet benefits from resilient subscription demand across core workflows. Organic Annual Subscription Value (ASV) increased 7.1% year over year to $2.49 billion in the third quarter of fiscal 2026, with gains across regions and client types. Annual ASV retention remained above 95%, while enterprise renewal terms extended by 30% on average. Continued client demand for differentiated content, analytics and workflow solutions supports a favorable recurring-revenue outlook.

Broad-Based Regional Growth: The company continues to deliver broad-based regional momentum, with organic ASV growth holding steady or improving across key geographies. In the third quarter of fiscal 2026, Americas revenues rose 7% organically to $407.2 million, supported by a $1.62-billion ASV base. Europe, the Middle East and Africa revenues increased 5.3% organically to $152 million, while Asia Pacific revenues advanced 10.5% to $63.7 million, with ASV up 10% organically. This regional strength supports a favorable revenue outlook.

Consistent Dividend & Share Buybacks: The company maintains a consistent record of shareholder returns through buybacks and dividends. Repurchases rose from $176.7 million in fiscal 2023 to $300.5 million in fiscal 2025, while dividends increased to $160.0 million. In the third quarter of fiscal 2026, the company returned $243.4 million to shareholders, comprising $203.1 million in share repurchases and $40.3 million in dividends. Sustained capital returns support FactSet’s shareholder-friendly profile.

Strong Cash Generation Supports Financial Flexibility: FactSet continues to generate steady cash flow, supporting investment and shareholder returns. Operating cash flow increased from $645.6 million in fiscal 2023 to $726.3 million in fiscal 2025, while free cash flow rose from about $584.8 million to $617.5 million. Momentum continued in the third quarter of fiscal 2026, with free cash flow up 11% year over year to $254 million. Sustained cash generation supports continued financial flexibility and long-term value creation.

Watch Out for These Risks to FDS StockCompetitive Pressure: FactSet faces sustained competition from large financial-data providers, private platforms and specialized technology firms. Rivals continue to expand alternative data, analytics and artificial intelligence (AI) capabilities, while some compete on price. Wider access to lower-cost information and AI tools could weaken demand for paid services. These pressures may limit pricing power, client retention and sustained ASV growth.

Margin Pressure: The company’s rising compensation, technology and AI investments are weighing on profitability. Adjusted operating margin fell from 37.8% in fiscal 2024 to 36.3% in fiscal 2025 and 34.0% in the third quarter of fiscal 2026. Management’s 34.0-35.5% fiscal 2026 guidance suggests investment spending will continue to constrain near-term margin expansion.

Liquidity Risk: FDS’ near-term liquidity weakened in fiscal 2026 as current liabilities rose above current assets, largely due to $499.2 million of debt classified as current. The current ratio fell sequentially from 1.43 to about 0.68 at the end of the third quarter of fiscal 2026. Despite healthy cash flow and revolver access, elevated near-term obligations could limit financial flexibility.

FDS' Zacks Rank and Stocks to ConsiderFactSet has a Zacks Rank #3 (Hold) at present. 

A couple of better-ranked stocks in the broader Business Services sector are Thomson Reuters Corporation (TRI - Free Report) and Veralto Corporation (VLTO - Free Report) .

Thomson Reuters carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 11.7%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

TRI delivered a trailing four-quarter earnings surprise of 2.7%, on average.

Veralto also carries a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 8%.

VLTO beat earnings estimates in each of the trailing four quarters, with an average earnings surprise of 6.6%.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.8% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: FactSet Research (FDS - Free Report) Headquartered in Norwalk, CT, FactSet Research Systems Inc. is a leading provider of integrated financial information, analytical applications and industry-leading service for the global investment community. Through its analytics, service, content and technology, the company offers information to investment professionals like portfolio managers, wealth managers, research and performance analysts, risk managers, research professionals, investment research professionals, investment bankers, risk and performance analysts, wealth advisors and fixed income professionals. By integrating datasets and analytics across asset classes with client data, FactSet supports the workflow of both buy-side and sell-side clients. Through its wide application suite, FactSet offers tools and resources that include company and industry analyses, full screening tools, portfolio analysis, risk profiles, alpha-testing, portfolio optimization and research management solutions. The company derives revenues from subscriptions to products and services such as workstations, analytics, enterprise data, research management, and trade execution.

FDS is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 15.46; value investors should take notice.

Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.04 to $17.76 per share. FDS boasts an average earnings surprise of +1.1%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, FDS should be on investors' short list.

FactSet Research (FDS - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for FactSet is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for FactSet imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for FactSetThis financial data firm is expected to earn $17.76 per share for the fiscal year ending August 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for FactSet. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.3%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of FactSet to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Shares of FactSet Research Systems Inc. (NYSE:FDS – Get Free Report) have earned an average rating of “Reduce” from the eighteen brokerages that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $253.00.

A number of research analysts have issued reports on FDS shares. Jefferies Financial Group increased their target price on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Barclays boosted their price target on FactSet Research Systems from $210.00 to $216.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. The Goldman Sachs Group downgraded FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft raised their price objective on FactSet Research Systems from $275.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. Finally, BMO Capital Markets lifted their price objective on FactSet Research Systems from $257.00 to $275.00 and gave the company a “market perform” rating in a report on Thursday, July 2nd.

Read Our Latest Analysis on FDS

Institutional Investors Weigh In On FactSet Research Systems Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock valued at $45,000 after buying an additional 64 shares during the period. BOKF NA lifted its holdings in shares of FactSet Research Systems by 5,100.0% during the 3rd quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after acquiring an additional 102 shares during the period. Navalign LLC bought a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $32,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of FactSet Research Systems during the 4th quarter worth approximately $32,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of FactSet Research Systems during the 2nd quarter worth approximately $50,000. Institutional investors own 91.24% of the company’s stock. FactSet Research Systems Stock Down 0.4% FDS opened at $295.02 on Thursday. The stock has a fifty day moving average of $260.88 and a 200-day moving average of $235.01. The company has a market capitalization of $10.49 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.99 and a beta of 0.70. FactSet Research Systems has a fifty-two week low of $185.00 and a fifty-two week high of $384.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68.

FactSet Research Systems (NYSE:FDS – Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating the consensus estimate of $4.44 by $0.09. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business had revenue of $622.92 million for the quarter, compared to the consensus estimate of $617.91 million. During the same period in the prior year, the company posted $4.27 earnings per share. FactSet Research Systems’s revenue was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. On average, equities analysts expect that FactSet Research Systems will post 17.76 EPS for the current year.

FactSet Research Systems Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 31st will be given a $1.16 dividend. The ex-dividend date is Monday, August 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 1.6%. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.57%.

(Get Free Report)

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

Recommended Stories Five stocks we like better than FactSet Research Systems Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise Alcoa’s Gallium Project Opens a New Door Beyond Aluminum Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech Can Tesla’s Flying Roadster Distract From Its Real Risks?

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.

BlackRock Inc. bought a new position in FactSet Research Systems Inc. (NYSE:FDS – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 2,858,389 shares of the business services provider’s stock, valued at approximately $657,658,000. BlackRock Inc. owned about 8.04% of FactSet Research Systems as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FDS. BOKF NA grew its position in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after acquiring an additional 102 shares in the last quarter. Navalign LLC purchased a new stake in FactSet Research Systems during the fourth quarter valued at approximately $32,000. Litman Gregory Wealth Management LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $32,000. Elyxium Wealth LLC bought a new stake in shares of FactSet Research Systems in the 4th quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of FactSet Research Systems by 188.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares during the period. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their target price on FactSet Research Systems from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. Barclays raised their price target on FactSet Research Systems from $210.00 to $216.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a research note on Wednesday, July 22nd. Wells Fargo & Company increased their target price on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a research note on Thursday, July 2nd. Finally, Jefferies Financial Group raised their target price on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $253.00.

Read Our Latest Analysis on FDS FactSet Research Systems Stock Down 0.2% Shares of NYSE FDS opened at $299.26 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.01 and a beta of 0.70. The stock has a 50 day moving average price of $257.01 and a 200 day moving average price of $233.33. FactSet Research Systems Inc. has a 52-week low of $185.00 and a 52-week high of $386.52.

FactSet Research Systems (NYSE:FDS – Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, topping the consensus estimate of $4.44 by $0.09. The company had revenue of $622.92 million for the quarter, compared to the consensus estimate of $617.91 million. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.FactSet Research Systems’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $4.27 EPS. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Sell-side analysts expect that FactSet Research Systems Inc. will post 17.76 earnings per share for the current year.

FactSet Research Systems Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 31st will be paid a dividend of $1.16 per share. The ex-dividend date is Monday, August 31st. This represents a $4.64 annualized dividend and a dividend yield of 1.6%. FactSet Research Systems’s dividend payout ratio (DPR) is currently 30.57%.

FactSet Research Systems Company Profile (Free Report)

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

Read More Five stocks we like better than FactSet Research Systems VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS – Free Report).

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Aurora Investment Counsel acquired a new stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,616 shares of the business services provider’s stock, valued at approximately $1,982,000.

A number of other hedge funds have also modified their holdings of the company. WPG Advisers LLC boosted its position in FactSet Research Systems by 76.9% in the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after buying an additional 40 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of FactSet Research Systems by 188.2% during the first quarter. Geneos Wealth Management Inc. now owns 98 shares of the business services provider’s stock worth $45,000 after purchasing an additional 64 shares during the last quarter. Field & Main Bank purchased a new position in shares of FactSet Research Systems during the fourth quarter worth $29,000. BOKF NA lifted its position in FactSet Research Systems by 5,100.0% during the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 102 shares during the period. Finally, Navalign LLC acquired a new position in FactSet Research Systems during the fourth quarter valued at $32,000. 91.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth FDS has been the topic of a number of recent research reports. BMO Capital Markets upped their target price on FactSet Research Systems from $257.00 to $275.00 and gave the stock a “market perform” rating in a research note on Thursday, July 2nd. The Goldman Sachs Group cut FactSet Research Systems from a “sell” rating to an “underweight” rating in a research report on Thursday, June 18th. Weiss Ratings raised FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. UBS Group restated a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of FactSet Research Systems from $275.00 to $280.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $253.00.

Check Out Our Latest Stock Analysis on FactSet Research Systems FactSet Research Systems Stock Performance Shares of FDS stock opened at $298.14 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. FactSet Research Systems Inc. has a 12-month low of $185.00 and a 12-month high of $387.75. The business’s 50 day moving average is $254.61 and its two-hundred day moving average is $232.66. The company has a market capitalization of $10.60 billion, a P/E ratio of 19.64, a P/E/G ratio of 1.92 and a beta of 0.70.

FactSet Research Systems (NYSE:FDS – Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.09. FactSet Research Systems had a return on equity of 30.68% and a net margin of 23.21%.The business had revenue of $622.92 million during the quarter, compared to analysts’ expectations of $617.91 million. During the same period in the previous year, the business earned $4.27 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Analysts expect that FactSet Research Systems Inc. will post 17.76 EPS for the current fiscal year.

FactSet Research Systems Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 31st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, August 31st. FactSet Research Systems’s dividend payout ratio (DPR) is presently 30.57%.

(Free Report)

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

Featured Articles Five stocks we like better than FactSet Research Systems Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS – Free Report).

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

#1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: FactSet Research (FDS - Free Report) Headquartered in Norwalk, CT, FactSet Research Systems Inc. is a leading provider of integrated financial information, analytical applications and industry-leading service for the global investment community. Through its analytics, service, content, and technology, the company offers information to investment professionals like portfolio managers, wealth managers, research and performance analysts, risk managers, research professionals, investment research professionals, investment bankers, risk and performance analysts, wealth advisors and fixed income professionals. By integrating datasets and analytics across asset classes with client data, FactSet supports the workflow of both buy-side and sell-side clients. Through its wide application suite, FactSet offers tools and resources that include company and industry analyses, full screening tools, portfolio analysis, risk profiles, alpha-testing, portfolio optimization and research management solutions. The company derives revenues from subscriptions to products and services such as workstations, analytics, enterprise data, research management, and trade execution.

FDS is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. FDS has a Growth Style Score of B, forecasting year-over-year earnings growth of 4.6% for the current fiscal year.

For fiscal 2026, seven analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.10 to $17.76 per share. FDS boasts an average earnings surprise of +1.1%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, FDS should be on investors' short list.

Posted by Defense World Staff on Aug 13th, 2026

Assenagon Asset Management S.A. raised its stake in shares of FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 89.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,465 shares of the business services provider’s stock after acquiring an additional 7,771 shares during the quarter. Assenagon Asset Management S.A.’s holdings in FactSet Research Systems were worth $3,788,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. WPG Advisers LLC boosted its position in FactSet Research Systems by 76.9% during the fourth quarter. WPG Advisers LLC now owns 92 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 40 shares in the last quarter. Field & Main Bank purchased a new position in FactSet Research Systems in the fourth quarter valued at about $29,000. BOKF NA raised its holdings in FactSet Research Systems by 5,100.0% in the third quarter. BOKF NA now owns 104 shares of the business services provider’s stock worth $30,000 after purchasing an additional 102 shares in the last quarter. Navalign LLC bought a new position in FactSet Research Systems in the fourth quarter worth about $32,000. Finally, Litman Gregory Wealth Management LLC purchased a new stake in shares of FactSet Research Systems during the fourth quarter valued at about $32,000. 91.24% of the stock is currently owned by hedge funds and other institutional investors.

FactSet Research Systems Stock Down 1.5% NYSE:FDS opened at $278.75 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. FactSet Research Systems Inc. has a twelve month low of $185.00 and a twelve month high of $387.75. The company has a market cap of $9.92 billion, a PE ratio of 18.36, a P/E/G ratio of 1.90 and a beta of 0.70. The company’s 50 day moving average is $251.02 and its two-hundred day moving average is $232.18.

FactSet Research Systems (NYSE:FDS – Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The business services provider reported $4.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.44 by $0.09. The business had revenue of $622.92 million during the quarter, compared to analysts’ expectations of $617.91 million. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $4.27 earnings per share. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Analysts anticipate that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

Wall Street Analyst Weigh In A number of research firms have recently weighed in on FDS. Weiss Ratings upgraded shares of FactSet Research Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft increased their target price on shares of FactSet Research Systems from $275.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. The Goldman Sachs Group downgraded shares of FactSet Research Systems from a “sell” rating to an “underweight” rating in a research note on Thursday, June 18th. Jefferies Financial Group lifted their price target on shares of FactSet Research Systems from $225.00 to $253.00 and gave the stock a “hold” rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company upped their price target on FactSet Research Systems from $200.00 to $210.00 and gave the stock an “underweight” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $253.00.

Read Our Latest Analysis on FactSet Research Systems

FactSet Research Systems Profile (Free Report)

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

Further Reading Five stocks we like better than FactSet Research Systems GE Vernova’s AI Power Boom Faces a Profit Test Cardinal Health Earnings: Can Perfection Get Priced In Twice? Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand Legacy Jet Builders Stall While Embraer Accelerates to New Highs Want to see what other hedge funds are holding FDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FactSet Research Systems Inc. (NYSE:FDS – Free Report).

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEAssenagon Asset Management S.A. Has $3.86 Million Stock Holdings in Agios Pharmaceuticals, Inc. $AGIO

NEXT HEADLINE »Avis Budget Group, Inc. $CAR Stock Position Trimmed by Assenagon Asset Management S.A.

Posted by Defense World Staff on Aug 4th, 2026

California State Teachers Retirement System increased its stake in FactSet Research Systems Inc. (NYSE:FDS – Free Report) by 19.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,573 shares of the business services provider’s stock after acquiring an additional 6,805 shares during the quarter. California State Teachers Retirement System owned approximately 0.12% of FactSet Research Systems worth $9,238,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mattern Capital Management LLC grew its stake in shares of FactSet Research Systems by 48.8% in the fourth quarter. Mattern Capital Management LLC now owns 30,391 shares of the business services provider’s stock worth $8,819,000 after acquiring an additional 9,971 shares in the last quarter. Ticino Wealth acquired a new stake in shares of FactSet Research Systems in the fourth quarter valued at $1,946,000. Argo Wealth Advisory LLC purchased a new position in FactSet Research Systems in the fourth quarter valued at $1,622,000. Investment House LLC boosted its holdings in FactSet Research Systems by 311.5% in the fourth quarter. Investment House LLC now owns 42,393 shares of the business services provider’s stock valued at $12,302,000 after purchasing an additional 32,092 shares during the period. Finally, Hendley & Co. Inc. acquired a new position in FactSet Research Systems during the 4th quarter worth $2,162,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth A number of equities research analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of FactSet Research Systems in a research report on Wednesday, July 22nd. Morgan Stanley upped their target price on shares of FactSet Research Systems from $228.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 2nd. Bank of America raised their target price on shares of FactSet Research Systems from $205.00 to $210.00 and gave the company an “underperform” rating in a report on Thursday, July 2nd. Rothschild & Co Redburn downgraded shares of FactSet Research Systems from a “neutral” rating to a “sell” rating and set a $215.00 price target for the company. in a research note on Thursday, June 18th. Finally, Wells Fargo & Company increased their price objective on shares of FactSet Research Systems from $200.00 to $210.00 and gave the company an “underweight” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $253.00.

Read Our Latest Analysis on FactSet Research Systems

FactSet Research Systems Stock Up 2.5% Shares of NYSE:FDS opened at $269.88 on Tuesday. FactSet Research Systems Inc. has a 1-year low of $185.00 and a 1-year high of $398.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market cap of $9.60 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.77 and a beta of 0.70. The firm has a fifty day moving average price of $246.49 and a 200 day moving average price of $232.57.

FactSet Research Systems (NYSE:FDS – Get Free Report) last announced its earnings results on Wednesday, July 1st. The business services provider reported $4.53 EPS for the quarter, beating analysts’ consensus estimates of $4.44 by $0.09. FactSet Research Systems had a net margin of 23.21% and a return on equity of 30.68%. The business had revenue of $622.92 million during the quarter, compared to analysts’ expectations of $617.91 million. During the same period in the prior year, the company earned $4.27 earnings per share. The business’s revenue was up 6.4% compared to the same quarter last year. FactSet Research Systems has set its FY 2026 guidance at 17.250-17.750 EPS. Sell-side analysts predict that FactSet Research Systems Inc. will post 17.76 EPS for the current year.

FactSet Research Systems Profile (Free Report)

FactSet Research Systems Inc operates as a global provider of integrated financial data and analytics to the investment community. Founded in 1978 and headquartered in Norwalk, Connecticut, the company offers a unified platform that aggregates content from thousands of sources, delivering real-time and historical market data, company fundamentals, estimates, fixed-income information and proprietary analytics to portfolio managers, research analysts, investment bankers and risk officers.

The company’s core products include the FactSet Workstation, an application offering customizable screening, charting, portfolio analysis and news; APIs and data feeds for seamless integration into proprietary systems; and cloud-based solutions for thematic research and quantitative strategies.

See Also Five stocks we like better than FactSet Research Systems SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Why Rare Earth Processing Could Be the Real 2027 Opportunity The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?

Receive News & Ratings for FactSet Research Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FactSet Research Systems and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINERoivant Sciences Ltd. $ROIV Shares Purchased by California State Teachers Retirement System

NEXT HEADLINE »California State Teachers Retirement System Boosts Stock Position in The Mosaic Company $MOS

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: FactSet Research (FDS - Free Report) Headquartered in Norwalk, CT, FactSet Research Systems Inc. is a leading provider of integrated financial information, analytical applications and industry-leading service for the global investment community. Through its analytics, service, content, and technology, the company offers information to investment professionals like portfolio managers, wealth managers, research and performance analysts, risk managers, research professionals, investment research professionals, investment bankers, risk and performance analysts, wealth advisors and fixed income professionals. By integrating datasets and analytics across asset classes with client data, FactSet supports the workflow of both buy-side and sell-side clients. Through its wide application suite, FactSet offers tools and resources that include company and industry analyses, full screening tools, portfolio analysis, risk profiles, alpha-testing, portfolio optimization and research management solutions. The company derives revenues from subscriptions to products and services such as workstations, analytics, enterprise data, research management, and trade execution.

FDS is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 14.81; value investors should take notice.

Seven analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.11 to $17.76 per share. FDS also boasts an average earnings surprise of +1.1%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, FDS should be on investors' short list.