| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 48 | 22.2x | 17.3x | Around median | |
Growth | 42 | 6.7% | 7.1% | Around median | |
Quality | 96 | — | — | Top tier | |
Safety | 62 | — | — | Around median | |
Capital Return | 87 | 1.37% | 0.06% | Top tier | |
Momentum | 86 | -6.4% | -1.6% | Top tier | |
Sentiment | 82 | 12 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
FactSet Research Systems provides financial data, analytics, and software embedded in the workflows of banks, asset managers, wealth management firms, and market infrastructure providers. The company generates most of its recurring revenue from fixed subscriptions covering workstations, data feeds, APIs, and analytics, with a gradual shift toward flexible enterprise contracts that combine a subscription base with usage allowances and additional consumption-based pricing. The company is expanding the distribution of its data through MCP, while BCC Group adds a technology layer for real-time data distribution and entitlement management within client environments.
In Q4 fiscal 2026 ended 2026-08-31, revenue rose 6.3% year over year to $634.7 million from $596.9 million in Q4 fiscal 2025. Net income was $121.1 million, diluted earnings per share were $3.42, and operating cash flow was $204.7 million. In contrast, gross margin declined to 48.6% from 51.6%, and operating margin fell to 24.7% from 29.7%, showing that revenue growth did not translate into comparable growth in accounting profitability during the period.
Business growth was broad-based across client categories in Q4 fiscal 2026; organic ASV grew 5% among buy-side institutions, 9% in the dealmakers segment, 9% in wealth management, and 8% in market infrastructure. For fiscal 2026 ended 2026-08-31, revenue reached $2.5 billion versus $2.3 billion in fiscal 2025, but net income declined to $533.5 million from $597.0 million, while gross margin fell to 50.6% from 52.7%. This reflects a mix of accelerating sales and new products alongside the cost of investments in infrastructure, cybersecurity, and performance incentives tied to contract growth.
Q4 FY2026
When: 2026-12-17
Organic ASV growth at the 5% threshold
Revenue growth at the 5% threshold
Operating margin at the 24.7% threshold
The analyst-target method produces a value of $252, within a range of $215 to $301 and based on 6 analysts; it prices in expected growth and is inherently inclined toward optimism. The industry-multiple method produces a value of $210, within a range of $194 to $268, and values FactSet like its peers based on book value and the industry's median multiple of 3.7 for a sample of 10 companies. The two methods overlap between $215 and $268, but the midpoint of analyst targets is higher than the industry-multiple value because the former incorporates company growth expectations, while the latter anchors the valuation to peer characteristics. As of 2026-10-01, the analyst consensus was Neutral, with an average target of $256.75, following seven target increases over 90 days and no reductions.
Figures in the text are as of 2026-10-02; the live price is shown at the top of the page.
FactSet enters fiscal 2027 after organic ASV growth reached 7% in Q4 fiscal 2026 ended 2026-08-31, with $86 million added during the quarter. Growth drivers include AI for Banking, MCP, real-time data feeds, and long-term enterprise contracts, while artificial intelligence products represented more than 10% of ASV added in the quarter. Management expects organic ASV growth of between 5% and 6.5% and reported revenue growth of between 5% and 6% during fiscal 2027.
Artificial intelligence offerings represented more than 10% of ASV added in Q4 fiscal 2026 ended 2026-08-31 and were not merely technical trials separate from contracts. The number of clients engaged in MCP contracts or trials exceeded 650, and API call volume jumped to seven times the previous quarter's level. ASV among users of artificial intelligence solutions also grew at twice the rate of other clients, and most workstation users who added MCP increased their total ASV with the company.
Automated analysis for informational purposes only — not investment advice.
Revenue reached $634.7 million in Q4 fiscal 2026 ended 2026-08-31, up 6.3% year over year, but operating margin declined to 24.7% from 29.7%. Gross margin also fell to 48.6% from 51.6%, and net income declined to $121.1 million from $153.6 million. Management attributes the pressure to investments in infrastructure modernization, cybersecurity, and preparing data for machine use, in addition to recognizing performance incentives when contracts are signed before the associated revenue is recognized gradually.
On 2026-09-29, FactSet announced the acquisition of BCC Group, a company specializing in cloud-based market data distribution and entitlement management software. The transaction combines FactSet's real-time data with BCC Group's platform, which routes data within client environments, providing an integrated solution for clients seeking to replace an incumbent provider. The two companies had completed joint deployments before the acquisition, and FactSet aims to use the transaction to expand its presence in the real-time data market.
Management expects operating margin improvement of between 25 and 75 basis points in fiscal 2027, but the improvement path may not be linear because of the timing of investments and contracts. The company estimates that a higher tax rate and interest expense will reduce earnings per share growth by approximately 2%. Debt of $500 million carrying a 2.9% interest rate matures in March 2027, and management expects the refinancing cost to be higher than the current rate.
The expected earnings announcement date is 2026-12-17. Key indicators include organic ASV growth relative to the fiscal 2027 range of 5% to 6.5%, and revenue growth relative to the annual range of 5% to 6%. The operating margin trend should also be monitored after it reached 24.7% in Q4 fiscal 2026 ended 2026-08-31, along with the extent to which AI for Banking and MCP continue to contribute to new contracts.