FactSet Research Systems reported third-quarter fiscal 2026 results with GAAP revenues of $622.9 million, up 6.4% year-over-year, and adjusted diluted EPS of $4.53, up 6.1% from the prior year. GAAP net income was $126.7 million and GAAP diluted EPS was $3.50 for the quarter ended May 31, 2026. The company also reported organic ASV growth of 7.1% and returned $243.4 million to shareholders in the quarter.

Financial Highlights

  • Revenues: GAAP revenues $622.9 million for Q3 FY2026, a 6.4% increase versus prior year; organic revenues $622.866 million, up 7.0% year-over-year.
  • Operating income: GAAP operating income $166.3 million for the quarter; operating margin 26.7% (GAAP).
  • Net income: GAAP net income $126.7 million for Q3 FY2026.
  • Adjusted diluted EPS: $4.53 for Q3 FY2026, a 6.1% increase versus $4.27 in the prior year period; GAAP diluted EPS $3.50.
  • Adjusted EBITDA and cash flow: Adjusted EBITDA $220.2 million; net cash provided by operating activities $284.5 million and free cash flow $254.0 million for the quarter.

Business Highlights

  • Annual Subscription Value (ASV) was $2,484.3 million at May 31, 2026; organic ASV $2,485.6 million, up 7.1% year-over-year and up $35.4 million over the last three months.
  • Commercial momentum: Q3 enterprise renewals extended in length by an average of 30% and annual ASV retention remained above 95%.
  • AI adoption: More than 90% of the Top 50 clients use four or more FactSet AI products; new partnerships include Google Cloud, Finster AI, and TIFIN.AI to broaden AI-ready solutions.
  • Portfolio and private markets capabilities expanded through partnerships with J.P. Morgan and Valutico to enhance whole-portfolio analytics and private capital valuation workflows.
  • Capital returns and capital allocation: Returned $243.4 million to shareholders in Q3 (including $203.1 million in share repurchases and $40.3 million in dividends); $494.0 million remained available for repurchases as of May 31, 2026. CEO Joshua B. Warren appointed CFO (effective April 13, 2026).

Original SEC Filing:

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