FactSet Q2 revenue beats estimates, driven by increase in wealth management clients

FactSet Research Systems

31/03/2026 12:07

Overview

US financial data provider's fiscal Q2 revenue rose 7.1%, beating analyst expectations

Adjusted diluted EPS for fiscal Q2 rose 4.2%, beating analyst expectations

Company repurchased $163 mln in shares during the quarter

Outlook

FactSet raises fiscal 2026 organic ASV growth forecast to $130 mln-$160 mln

Company expects fiscal 2026 GAAP revenues of $2.45 bln-$2.47 bln

FactSet sees fiscal 2026 adjusted diluted EPS of $17.25-$17.75

Result Drivers

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

HIGHER EXPENSES - Operating margins declined mainly due to higher employee compensation, technology-related expenses and amortization of intangible assets

AI INITIATIVES - Early AI contributions supported new client engagement and operational benefits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$611 mln
$604.66 mln (13 Analysts)
Q2 Adjusted EPS
Beat
$4.46
$4.38 (16 Analysts)
Q2 EPS
$3.59


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 12 "hold" and 5 "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 $305.00, about 49.1% above its March 30 closing price of $204.55

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)