FactSet reports fourth-quarter revenue rise to $635 million
The financial data provider posted a 6.3% increase in fourth-quarter revenue and issued fiscal 2027 guidance.
FactSet Research Systems Inc. (FDS) said Tuesday that fourth-quarter GAAP revenue rose 6.3% to $634.7 million compared with $596.9 million a year earlier, driven by strong commercial execution and organic growth across its business segments.
Here's how the company did:
- Revenues: $634.698 million vs. $596.901 million a year earlier
- Organic revenues: $635.543 million vs. $593.503 million a year earlier
- Operating income: $156.624 million vs. $177.321 million a year earlier
- Adjusted operating income: $209.393 million vs. $201.701 million a year earlier
- Net income: $121.127 million vs. $153.616 million a year earlier
- Adjusted net income: $160.887 million vs. $154.590 million a year earlier
- Diluted EPS: $3.41 vs. $4.03 a year earlier
- Adjusted diluted EPS: $4.52 vs. $4.05 a year earlier
For the full fiscal 2026, the company reported GAAP revenues of $2.48 billion, marking its 47th consecutive year of increased revenues. Organic ASV increased 7.0% year over year to $2,568.2 million at August 31, 2026. FactSet returned more than $179 million to shareholders in the fourth quarter, including $138 million in share repurchases and over $41 million in dividends. For the entire fiscal year, the company returned $808 million to shareholders and achieved its 27th consecutive year of dividend increases.
"FactSet delivered strong results, highlighted by a record increase in organic ASV for both the fourth quarter and fiscal year with continued momentum across our AI and data solutions," CEO Sanoke Viswanathan said in a statement.
For fiscal 2027, the company expects organic ASV growth between 5.0% and 6.5%, and revenues in the range of $2.60 billion to $2.63 billion. FactSet also projects GAAP diluted EPS of $17.00 to $17.50 and adjusted diluted EPS of $19.25 to $19.65 for the upcoming fiscal year.
In a separate filing update, FactSet announced that its board of directors approved amendments to the company's amended and restated by-laws on September 24, 2026. The changes update advance notice requirements for shareholder meetings and allow the board to delegate management powers to its committees under Delaware law.