FACTSET RESEARCH SYSTEMS INC 8K

FactSet announced solid fiscal Q3 2026 revenue and ASV growth, margin pressure from higher compensation and one-time items, strong AI-driven client adoption, a new CFO appointment, substantial capital returns to shareholders, and reaffirmed its full-year 2026 financial guidance.

On July 1, 2026, FactSet reported its fiscal third quarter 2026 results for the period ended May 31, 2026, highlighting 6.4% year-over-year GAAP revenue growth to $622.9 million and 7.0% organic revenue growth, with organic Annual Subscription Value reaching $2,485.6 million, up 7.1% year over year. Despite top-line strength and strong client retention and expansion, GAAP operating margin declined to 26.7% from 33.2% and GAAP net income fell 14.7% due largely to higher employee compensation, one-time charges, and CEO-related compensation, while adjusted operating margin narrowed to 34.0% and adjusted diluted EPS increased 6.1% to $4.53, supported by revenue growth and a lower share count. The company underscored significant AI adoption with over 90% of its top 50 clients using four or more AI products, expanded AI and data partnerships with Google Cloud, Finster AI, TIFIN.AI, J.P. Morgan, and Valutico, and continued to execute on commercial initiatives that extended enterprise contract terms and kept ASV retention above 95%. FactSet also appointed Joshua B. Warren, formerly CFO of Envestnet and a former BlackRock executive, as Chief Financial Officer effective April 13, 2026, and returned $243.4 million to shareholders in the quarter (including $203.1 million of share repurchases and $40.3 million in dividends), increasing its quarterly dividend to $1.16 per share and reaffirming its full-year fiscal 2026 guidance for organic ASV growth, revenues, margins, tax rate, and GAAP and adjusted EPS.

Filing Facts

CIK

1013237

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-046338

Alert Tier

7