FactSet (FDS) Q4 2026 earnings summary

Executive summary

• Achieved record Q4 and FY26 ASV performance, with organic ASV up 7% year-over-year to $2.568 billion, surpassing guidance and showing robust growth across all regions and client types.

• AI solutions ASV more than doubled year-over-year, contributing a double-digit share of new ASV and reflecting strong innovation momentum.

• Launched new AI-driven products, expanded partnerships with firms like J.P. Morgan and Google Cloud, and reorganized into a unified product organization.

• Returned over $800 million to shareholders in FY26 via dividends and buybacks, more than doubling share repurchase activity.

• Continued shift from seat-based contracts to flexible enterprise agreements, increasing contract length and value.

Financial highlights

• Fiscal 2026 revenue reached $2.48 billion, up 6.7% year-over-year; Q4 revenue was $634.7 million, up 6.3%.

• Adjusted operating income for FY26 was $855 million (34.5% margin); Q4 adjusted operating income was $209 million (33% margin).

• Adjusted diluted EPS for FY26 was $18.01 (up 6.1%); Q4 adjusted EPS was $4.52 (up 11.6%).

• Free cash flow for FY26 was $707.5 million, up 14.6% year-over-year; Q4 free cash flow was $177.3 million.

• Q4 GAAP operating margin was 24.7%; adjusted operating margin was 33.0%.

Outlook and guidance

• FY27 organic ASV growth expected at 5%-6.5%.

• FY27 revenue guidance: $2.60–$2.625 billion.

• FY27 adjusted operating margin: 34.75%–35.25%; EPS guidance: $19.25–$19.65.

• EPS growth expected in the high single digits, with a 2% headwind from higher tax and interest expense.

• Operating margin improvement of 25-75 basis points anticipated for FY27.