FactSet reported Q2 2026 GAAP diluted EPS of $3.59 and adjusted diluted EPS of $4.46, with revenue of $611.0 million, up 7.1% year over year and modestly above consensus estimates around 611 million dollars. After-hours movement was not disclosed in the release.
About FactSet
FactSet Research Systems Inc. trades under ticker FDS on the NYSE and NASDAQ and had a recent market capitalization of about $10 billion. Founded in 1978, the company is headquartered in Norwalk, Connecticut and operates as a global financial digital platform and enterprise solutions provider serving buy side, sell side, wealth, private equity and corporate clients.
FactSet delivers integrated financial data, analytics and technology through a unified digital platform that connects proprietary datasets, client data and third party content. The company reported employee headcount of 12,840 as of February 28 2026 with approximately 68% based in its centers of excellence. Recent disclosures show net income of about $153.6 million and annual EBITDA near $244.6 million, implying a moderate earnings multiple for this information services business.
Top Financial Highlights
- GAAP revenues increased 7.1% to $611.0 million from $570.7 million in Q2 2025.
- Organic revenues rose 6.8% to $606.2 million, driven by institutional buy side and wealth management demand.
- GAAP operating income was $184.9 million with a GAAP operating margin of 30.3%, down about 220 basis points year over year.
- Adjusted operating income reached $214.1 million with an adjusted operating margin of 35.0 percent, down from 37.3 percent in Q2 2025.
- Net income declined 8.1 percent to $133.1 million versus $144.9 million a year earlier.
- GAAP diluted EPS fell 4.5 percent to $3.59, while adjusted diluted EPS increased 4.2 percent to $4.46.
- Net cash provided by operating activities was $211.7 million, up 21.7 percent year over year.
- Free cash flow rose 23.6 percent to $185.7 million in the quarter.
- Annual Subscription Value ASV reached $2,450.2 million with organic ASV of $2,449.1 million, up 6.7 percent year over year and $38.0 million over the last three months.
- Americas revenues were $399.7 million, up from $369.7 million with organic revenue growth of 7.4 percent.
- EMEA revenues were $149.1 million, compared with $143.4 million, reflecting 4.0 percent organic growth.
- Asia Pacific revenues were $62.2 million, up from $57.6 million, with 9.7 percent organic growth.
- Cash and cash equivalents stood at $268.3 million at February 28 2026, while long term debt totaled $1.37 billion.
- The company paid a quarterly dividend of $1.10 per share or $40.3 million and repurchased 651,750 shares for $163.0 million at an average price of $250.14.
- Fiscal 2026 guidance was raised with GAAP revenues now expected between $2.45 billion and $2.47 billion and adjusted diluted EPS between $17.25 and $17.75.
Beat or Miss?
| Metric | Reported | Difference / Analysis |
| Revenue | $611.0 million | Slight beat versus Street expectations near $610.6 million indicating solid demand. |
| GAAP diluted EPS | $3.59 | Below prior year $3.76 due to higher expenses and impairment; no clear EPS consensus provided. |
| Adjusted diluted EPS | $4.46 | Beat vs consensus $4.41 by $0.05 showing underlying profitability resilience. |
| Organic ASV growth | 6.7 percent | In line with mid single digit high single digit growth ambition described by management. |
| Operating margin (GAAP) | 30.3 percent | Down about 220 basis points year over year reflecting higher compensation and tech spend. |
What Leadership Is Saying?
“FactSet delivered another quarter of accelerating growth, driven by the strength of our data, the depth of our workflow integration, and the trust our clients place in us to run their most critical processes.”
“We achieved a strong second quarter with accelerating ASV and revenue growth, while our increased buyback activity capitalized on valuation opportunities to enhance shareholder value.”
Historical Performance
| Category | Q2 2026 | Q2 2025 | Change (%) |
| Revenue | $611.0 million | $570.7 million | 7.1% increase. |
| Net income | $133.1 million | $144.9 million | 8.1% decrease. |
| Operating expenses | $426.1 million | $385.2 million | About 10.6% increase. |
How the Market Reacted?
The press release and core coverage did not state a specific stock price reaction on the earnings date, though recent data show FactSet shares trading around the mid 200 dollar range with a modest single day decline near 1.3% as of late March 2026. Given the revenue and adjusted EPS beats alongside lower GAAP margins and net income, the overall tone of the report
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