Monitor next quarter's GAAP EPS trajectory to see if margin pressure from higher compensation and tech expenses persists despite revenue growth and buybacks; track ASV growth sustainability as key indicator of future revenue momentum.
Price Chart
Executive Summary
FactSet reported Q2 FY2026 GAAP revenue of $611.0 million (+7.1% YoY) but GAAP EPS of $3.59, down 4.5% YoY due to an impairment charge and higher expenses. Adjusted EPS rose 4.2% to $4.46, slightly above consensus of $4.45. The company raised full-year guidance, citing accelerating ASV growth and strong client demand, while repurchasing $163 million in shares.
Key Financial Metrics
Key Facts
- Q2 GAAP revenue: $611.0 million (+7.1% YoY), beating consensus of $617.5 million
- Q2 GAAP diluted EPS: $3.59, down 4.5% YoY due to impairment charge and higher operating expenses
- Q2 adjusted diluted EPS: $4.46, up 4.2% YoY and slightly above consensus of $4.45
- Organic ASV grew 6.7% YoY to $2.449 billion, with $38.0 million added in the quarter
- Full-year 2026 guidance raised: organic ASV growth outlook increased to $130M-$160M (from $100M-$150M), GAAP EPS to $14.85-$15.35 (from $14.55-$15.25)
- Repurchased $163 million in shares during the quarter at an average price of $250.14
Financial Impact
Revenue beat by $6.5 million, adjusted EPS beat by $0.01; full-year EPS guidance midpoint raised by $0.10
Risk Factors
- GAAP operating margin declined 220 bps YoY to 30.3%, pressured by higher employee compensation, tech expenses, and amortization
- GAAP net income fell 8.1% YoY to $133.1 million due to an $10.2 million impairment charge and higher tax rate
- Dependence on continued strong ASV growth to support valuation and future revenue
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-022203 |
| Document: fds-20260331.htm | 0001628280-26-022203 |
| Document: 0001628280-26-022203-index-headers.html | 0001628280-26-022203 |
| Document: 0001628280-26-022203-index.html | 0001628280-26-022203 |
| Document: 0001628280-26-022203.txt | 0001628280-26-022203 |
| 8-K Data (Synthetic) | 0001628280-26-022203 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Press Release | $305.91 $277.61 | ▼ −9.25% | ▼ −9.10% | $266.00 (−13.05%) |
Apr 8, 2026 25w ago | 8-K | $222.73 $219.42 | ▼ −1.49% | ▼ −10.03% | $266.00 (+19.43%) |
Mar 31, 2026 26w ago | Press Release | $216.89 $231.29 | ▲ +6.64% | ▼ −2.78% | $266.00 (+22.64%) |
Mar 31, 2026 26w ago | 8-K | $216.89 $231.29 | ▲ +6.64% | ▼ −2.78% | $266.00 (+22.64%) |
Feb 28, 2026 30w ago | Institutional Cluster | $219.72 $203.93 | ▼ −7.19% | ▲ +0.75% | $266.00 (+21.06%) |
US Market Status
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