Overview

• US financial data provider's fiscal Q3 revenue rose 6.4%, slightly beating analyst expectations

• Adjusted EPS for fiscal Q3 beat consensus, rising 6.1% yr/yr

• Company returned $243 mln to shareholders in Q3 via buybacks and dividends

Outlook

• FactSet reaffirms fiscal 2026 GAAP revenue guidance of $2.45 bln to $2.47 bln

• Company expects fiscal 2026 organic ASV growth of $130 mln to $160 mln

• FactSet sees fiscal 2026 adjusted diluted EPS of $17.25 to $17.75

Result Drivers

• CLIENT DEMAND - Revenue growth driven by institutional buy-side and wealth management clients

• AI ADOPTION - Broader adoption of AI products among top clients and new partnerships expanded AI-enabled workflows

• HIGHER OPERATING EXPENSES - Margin decline attributed to higher employee compensation costs, including one-time charges and CEO compensation, and increased technology-related expenses

Company press release: ID:nGNX3BksHf

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Slight Beat*	$622.90 mln	$618.25 mln (13 Analysts)
Q3 Adjusted EPS	Beat	$4.53	$4.46 (16 Analysts)
Q3 EPS		$3.50
Q3 EBIT Margin		26.70%

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 11 "hold" and 6 "sell" or "strong sell"

• The average consensus recommendation for the professional information services peer group is "buy."

• Wall Street's median 12-month price target for Factset Research Systems Inc is $240.00, about 4.3% above its June 30 closing price of $230.08

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

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