| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 64 | 17.1x | 17.8x | Around median | |
Growth | 56 | 6.6% | 7.1% | Around median | |
Quality | 97 | — | — | Top tier | |
Safety | 62 | — | — | Around median | |
Capital Return | 53 | 1.67% | 2.12% | Around median | |
Momentum | 51 | -24.3% | 2.9% | Around median | |
Sentiment | 80 | 12 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, 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 Inc. provides data, analytics, and workflow platforms to financial institutions in more than 80 countries. Its client base includes 95 of the 100 largest asset managers and more than 85% of the 50 largest global investment banks, in addition to wealth managers, corporations, exchanges, central banks, and sovereign wealth funds. Most of its recurring revenue is based on fixed subscriptions and licenses, with an increasing shift from seat-based contracts to flexible enterprise agreements that combine data, analytics, and workflows, and add minimum commitments and consumption-based pricing for some AI solutions.
In fiscal Q3 2026, revenue increased 6.4% year over year to $622.9 million, while gross profit reached $310.7 million, net income was $126.7 million, and GAAP earnings per share were $3.50. This equates to a gross margin of approximately 49.9% and a net income margin of approximately 20.3%, while adjusted operating income reached $211.8 million at a margin of 34%, compared with approximately 37% in the corresponding period of fiscal 2025.
Annual Subscription Value, or ASV, reached approximately $2.48 billion at the end of fiscal Q3 2026, with organic growth of 7.1%, the highest since fiscal Q1 2024. Institutional buy-side clients accounted for slightly less than half of ASV, and this business grew 6%, while wealth management grew 10%, dealmakers grew 9%, and market infrastructure grew 7%. Geographically, ASV grew 7% in the Americas, 5% in Europe, the Middle East, and Africa, and 10% in Asia Pacific.
The average analyst price target is $251.09, within a range of $210 to $304, against a Neutral consensus. The average is approximately 33% below the 52-week high of $377.07, while the highest target is approximately 19% below that high. No specific P/E ratio is available in the data, so the valuation assessment rests on the wide 52-week range of $185–$377.07 and on the ability of ASV and AI growth to offset the decline in adjusted operating margin to 34%.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
Organic ASV grew 7.1% to approximately $2.48 billion, with a quarterly increase of $35 million and acceleration for the fifth consecutive quarter. Growth came from all regions and client types, led by growth of 10% in wealth management, 10% in Asia Pacific, and 9% among dealmakers. Conversion of marketing-generated opportunities also improved 15%, win rates improved 27%, and 76% of ASV was generated from new business.
More than 10% of ASV growth in fiscal Q3 2026 came directly from AI products, after this source had been close to zero in the previous year, according to management. The number of clients involved in MCP contracts and trials exceeded 450, and more than 20% of the top 100 clients were using it on a paid basis. MCP call volume increased to 13 times its level in the previous quarter, while management reported that approximately 90% of deals involving it achieved improved contract value.
Adjusted operating margin was 34% in fiscal Q3 2026, compared with 35% in the previous quarter and approximately 37% a year earlier. Compensation expenses increased 7% because of incentives linked to accelerating ASV, while spending on infrastructure, marketing, professional services, and tokens also increased, and currency hedges reduced the margin by approximately 60 basis points. Management explained that revenue from new bookings is recognized gradually, so performance incentives may precede the appearance of the associated revenue.
Automated analysis for informational purposes only — not investment advice.
A major global bank renewed a five-year enterprise contract while expanding data consumption and adding in-depth sector content. LPL Financial selected FactSet's real-time data platform to support a cloud-based trading application and portfolio profit-and-loss workflows for more than 32,000 financial advisors. The company also won a mandate for performance, risk, and reporting services at one of the world's largest sovereign wealth funds and expanded its front- and middle-office presence at a global investment manager after displacing a long-standing provider.
Free cash flow increased 11% to $254 million in fiscal Q3 2026, compared with $228 million in the previous period. Gross leverage was 1.5 times and net leverage was 1.2 times, and Fitch reaffirmed the investment-grade rating with a stable outlook during the quarter. From the beginning of fiscal 2026 through the end of the third quarter, FactSet returned more than $625 million to shareholders, including more than $500 million for share repurchases.
The average target is $251.09, with the highest target at $304 and the lowest target at $210, while the consensus rating is Neutral. The average target is approximately 33% below the 52-week high of $377.07, reflecting a significant revaluation compared with that high. Justifying a higher valuation will depend on continued ASV acceleration and AI revenue growing from a modest level into a larger contribution, alongside a recovery in the margin from the 34% recorded in fiscal Q3 2026.
