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Sentiment · FY2026 Q3
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Shlomo Rosenbaum | Stifel | 8 (13%) |
| George Tong | Goldman Sachs | 7 (14%) |
| Ashish Sabadra | RBC Capital Markets | 6 (0%) |
| Kelsey Zhu | Autonomous Research | 6 (17%) |
| Faiza Alwy | Deutsche Bank | 6 (0%) |
| Andrew Nicholas | William Blair | 6 (0%) |
| Jason Haas | Wells Fargo | 6 (17%) |
| Surinder Thind | Jefferies | 6 (0%) |
| Toni Kaplan | Morgan Stanley | 5 (40%) |
| Manav Patnaik | Barclays | 5 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Stifel | 1 | 8 (13%) |
| Barclays | 2 | 7 (0%) |
| Goldman Sachs | 1 | 7 (14%) |
| William Blair | 2 |
| 7 (0%) |
| Autonomous Research | 1 | 6 (17%) |
| Deutsche Bank | 1 | 6 (0%) |
| Jefferies | 1 | 6 (0%) |
| Morgan Stanley | 2 | 6 (33%) |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $562M | +4.9% | $2.32 | +38.1% | 22.7% | 15.9% |
| FY2025 Q1 | $569M | +4.9% | $3.89 | +1.3% | 33.6% | 26.4% |
| FY2025 Q2 | $571M | +4.5% | $3.76 | +3.0% | 32.5% | 25.4% |
| FY2025 Q3 | $586M | +5.9% | $3.88 | -5.1% | 33.2% | 25.4% |
| FY2025 Q4 | $597M | +6.2% | $4.03 | +73.7% | 29.7% | 25.7% |
| FY2026 Q1 | $608M | +6.9% | $4.06 | +4.4% | 31.6% | 25.1% |
| FY2026 Q2 | $611M | +7.1% | $3.59 | -4.5% | 30.3% | 21.8% |
| FY2026 Q3 | $623M | +6.4% | $3.51 | -9.5% | 26.7% | 20.3% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
FactSet delivered its fourth consecutive quarter of ASV growth acceleration at 6.7%, powered by double-digit Data Solutions growth across all firm types and rapid adoption of AI capabilities including the MCP Server with 120+ clients since December launch. Enterprise agreement restructuring reduced direct seat exposure below 20% of revenue while extending average contract lengths 30%+. Adjusted operating margin compressed to 35% as planned investments in technology, AI, and commercial excellence ramped, though over half of targeted 100 bps productivity savings were already captured. Management raised full-year ASV, revenue, and EPS guidance, reflecting sustained momentum and improved visibility across all client types and geographies.
Demand | Revenue Growth | Competitive Dynamics | Cloud & AI | Pricing | Margin | Capex Investment | Macroeconomic | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 9 | 6 | 4 | 3 | 3 | 1 | 1 | 3 |
| 2025Q2 | 9 | 5 | 4 | 1 | 3 | 1 | 2 | 2 |
| 2025Q3 | 4 | 5 | 3 | 3 | 1 | 4 | 3 | 1 |
| 2025Q4 | 2 | 5 | 4 | 5 | 1 | 3 | 3 | 2 |
| 2026Q1 | 5 | 3 | 5 | 3 | 2 | 2 | 2 | 1 |
| 2026Q2 | 4 | 2 | 3 | 4 | 3 | 2 | 1 | 1 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|
| Demand | 9 | 9 | 4 | 2 | 5 | 4 |
| Revenue Growth | 6 | 5 | 5 | 5 | 3 | 2 |
| Competitive Dynamics | 4 | 4 | 3 | 4 | 5 | 3 |
| Cloud & AI | 3 | 1 | 3 | 5 | 3 | 4 |
| Pricing | 3 | 3 | 1 | 1 | 2 | 3 |
| Margin | 1 | 1 | 4 | 3 | 2 | 2 |
| Capex Investment | 1 | 2 | 3 | 3 | 2 | 1 |
| Macroeconomic | 3 | 2 | 1 | 2 | 1 | 1 |
What FDS and other companies said about each other on FY2026 Q2 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“expanded our long-standing Schroders relationship to provide a managed service to enable greater scale”
FactSet expanded its long-standing Schroders relationship into a managed service, a positive read-through for the client relationship.
“despite the challenging year-over-year comparison given our landmark UBS win a year ago”
FactSet references a landmark UBS wealth win a year ago that created a tough comparison, underscoring UBS as a major FactSet wealth client.
“Our newly announced partnership with Finster will accelerate our agentic platform for banking, meeting the growing demands of our dealmaker clients.”
FactSet's new partnership with Finster will accelerate its agentic banking platform, a read-through for Finster's traction in financial AI.
“we have a strong partnership with Anthropic. We are one of the prominent financial services connect on the cloud marketplace.”
FactSet describes a strong partnership with Anthropic, calling its Claude cloud-marketplace channel its fastest-growing marketing channel as clients consume FactSet data through Claude agents.
“partnerships with Snowflake and Databricks enable clients to seamlessly combine FactSet Research Systems Inc. data with their own sources and operate AI-driven workflows in the secure cloud environments they already use.”
FactSet partners with Databricks to let clients combine FactSet data with their own sources for AI-driven workflows in the cloud.
“partnerships with Snowflake and Databricks enable clients to seamlessly combine FactSet Research Systems Inc. data with their own sources and operate AI-driven workflows in the secure cloud environments they already use.”
FactSet partners with Snowflake so clients can combine FactSet data with their own in the cloud, extending FactSet distribution into Snowflake's environment.
“Capital Group expanded their use of our Portware trading platform, which also achieved several new wins with other large asset managers.”
Capital Group expanded its use of FactSet's Portware trading platform, signaling continued adoption of FactSet trading solutions by large asset managers.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
FDS FactSet | 6 | +7.1% | |
| CBOE Cboe Global Markets | 10 | +6.5% | |
| CME CME Group | 7 | +14.5% | |
| COIN Coinbase Global | 1 | -30.5% | |
| ICE Intercontinental Exchange | 9 | +13.5% | |
| MCO Moody's Corporation | 7 | +8.1% | |
| MSCI MSCI | 8 | +14.1% | |
| NDAQ Nasdaq, Inc. | 8 | +2.3% | |
| SPGI S&P Global | 8 | +10.4% |