FDS|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $4.34 | - | - |
| Q3'26 | $4.50 | $4.53 | +0.7% |
| Q2'26 | $4.41 | $4.46 | +1.2% |
| Q1'26 | $4.41 | $4.51 | +2.2% |
| Q4'25 | $4.36 | $4.51 | +3.5% |
| Q3'25 | $4.13 | $4.05 | -1.9% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q4'26 | $636M | - | - |
| Q3'26 | $624M | $623M | -0.2% |
| Q2'26 | $614M | $611M | -0.4% |
| Q1'26 | $606M | $608M | +0.2% |
| Q4'25 | - | $608M | - |
| Q3'25 | - | $597M | - |
Market Data
FDS Stock Snapshot
FDS is currently trading at $285.57, giving FactSet Research Systems Inc. a market cap of 10.07B and a P/E ratio of 17.8. Today's range spans $275.01–$286.73, with shares opening at $275.75 and moving down $0.02 (0.0%) from the prior close. DailyIQ's technical score sits at 95/100 (BUY) with a news sentiment reading of 70/100.
Over the past year FDS has traded between $185.00 and $396.06 - the current price is +54.4% off the 52-week low and -27.9% from the high.
The bullish case for FDS is built on complementary signals: 95/100 technical score, BUY designation, and bullish sentiment at 70/100. At $285.57 (in the middle of its 52-week range within $185.00–$396.06), the stock is at a capitalization - 10.07B - where active managers can build meaningful positions without moving the market. (P/E: 17.8) That combination of signal quality and position-buildability makes this one of the more actionable large-cap setups in Financial Services.
What makes FDS's BUY setup (95/100) particularly actionable at 10.07B in Financial Services capitalization is the scale-to-move ratio: large enough to feature on institutional mandates but not so large that the percentage upside is already compressed by index inertia. At $285.57 (in the middle of its 52-week range in $185.00–$396.06), with sentiment running bullish at 70/100, the setup rewards conviction-sized positioning more than it does speculative small bets.
Company Insights: FactSet Research Systems Inc. (FDS)
FactSet Research Systems Inc. (FDS) operates as a key provider of digital financial platforms and enterprise solutions tailored for investment professionals. Its core business model revolves around a subscription service delivering extensive financial data and market intelligence, crucial for securities analysis and portfolio management. The company's integrated suite of analytical tools, workstations, and data solutions is designed to support the entire investment lifecycle, from initial research to risk management and final reporting. FactSet's value proposition is anchored in its ability to offer a comprehensive and unified platform that enhances workflow efficiency for its diverse global clientele.
The company's revenue is primarily derived from recurring subscription fees, which provides a degree of predictability and stability to its financial performance. FactSet serves a broad range of clients, including asset managers, wealth managers, and hedge funds, underscoring the essential nature of its data and analytical capabilities within the financial industry. Its offerings are accessible through various channels, including desktop and mobile applications, direct data feeds, and cloud-based solutions, ensuring broad reach and usability. This subscription-based model, coupled with a deep integration into client workflows, forms the foundation of its competitive advantage.
Recent financial performance indicates a resurgence after a period of mixed results, with Q1 2026 and Q4 2025 showing beats on both earnings per share (EPS) and revenue against analyst expectations. This follows a trend in Q3 2025 and Q2 2025 where EPS slightly missed projections, highlighting some variability. Despite these fluctuations, FactSet has historically demonstrated consistent year-over-year revenue growth. The company's ability to adapt to evolving market demands, including the integration of new research and potential AI trends, will be critical for sustaining its growth trajectory and client engagement moving forward.
Subscription Model
FactSet's business relies heavily on recurring subscription revenue, providing a stable and predictable income stream.
This model fosters strong customer retention as clients integrate FactSet's platforms into their essential workflows.
The sticky nature of its service creates a high barrier to entry for new competitors seeking to displace established relationships.
Data & Analytics
The company offers a comprehensive suite of financial data and analytical tools for investment professionals.
Its integrated platform supports the entire investment lifecycle, from research to portfolio management and risk assessment.
FactSet's value proposition lies in streamlining complex data analysis and workflow efficiency for its clients.
Earnings Trends
Recent quarters (Q1 2026, Q4 2025) show positive performance with EPS and revenue beating analyst estimates.
This follows a period of mixed results, underscoring the importance of monitoring ongoing performance against expectations.
Historical revenue growth has been consistent, though EPS performance has shown some variability quarter-to-quarter.
Industry Position
FactSet operates in the competitive Financial Data & Stock Exchanges industry, serving a global clientele.
Recent news highlights industry-wide scrutiny and a price target reduction from Barclays, citing broader market data concerns.
Partnerships, such as the one with Kepler Cheuvreux, aim to expand service offerings and geographic coverage.
Dividend Focus
FactSet is recognized as a notable dividend stock within the financial services sector.
Consistent dividend payouts can appeal to income-focused investors, complementing potential capital appreciation.
The company's ability to sustain and grow its dividend is often linked to its stable subscription-based revenue.
Positioning FDS
Investors considering FactSet should evaluate its ability to consistently meet or exceed earnings expectations amidst industry headwinds. Adding to positions may be warranted on sustained positive earnings surprises and successful integration of new data or AI capabilities. Conversely, a reduction in exposure could be considered if broader market data industry concerns intensify or if FactSet faces significant client churn or competitive pressures that impact its recurring revenue base.
Key Metrics for FDS
FactSet's subscription-based model relies on client retention and platform expansion. Tracking these metrics reveals the health of its recurring revenue and growth potential.
Annual Subscription Value (ASV) Growth: Measures the growth in recurring revenue from subscriptions. Accelerating ASV growth indicates strong customer demand and retention for FactSet; deceleration suggests headwinds. This is crucial for FDS as it directly impacts future revenue predictability and valuation multiples.
Client Retention Rate: Indicates the percentage of clients that continue their subscriptions year-over-year. A high and stable retention rate is vital for FactSet's business model; declining rates signal dissatisfaction or competitive pressure. This metric directly supports ASV growth and demonstrates the stickiness of FactSet's platform.
Average Revenue Per Client: Represents the average revenue generated from each client account. Increasing this metric suggests FactSet is successfully upselling or cross-selling its services; a stagnant or declining figure may indicate limited expansion opportunities. This is important for FDS to show it can extract more value from its existing customer base.
New Client Acquisition: Tracks the number of new clients added during the period. Growth in new clients is essential for FactSet's expansion into new markets or segments; a slowdown could indicate market saturation or increased competition. This metric is key to understanding FactSet's top-line growth trajectory beyond existing clients.
Platform Engagement: Measures how actively clients are using FactSet's digital platforms and solutions. Higher engagement suggests clients are deriving more value, which supports retention and potential for upsells; low engagement may precede churn. For FDS, this indicates the effectiveness and adoption of its integrated suite of tools.
Risk Factors
FactSet's risks are tied to its subscription model and the evolving needs of financial professionals. Key concerns include client retention, technological disruption, and competitive pressures within the financial data industry.
- Client Retention
FactSet's revenue heavily relies on recurring subscriptions from financial institutions. A significant loss of clients due to dissatisfaction, budget cuts, or competitive offerings could directly impact revenue and profitability. This risk materializes if clients find alternative, more cost-effective, or superior data solutions.
- Technological Disruption
The financial data landscape is rapidly changing with advancements in AI and data analytics. Failure to innovate and integrate new technologies effectively could render FactSet's platforms outdated. This risk becomes critical if competitors offer more advanced AI-driven insights or more seamless integrations.
- Data Accuracy
The core value of FactSet's service is the accuracy and comprehensiveness of its financial data. Errors or omissions in data could lead to flawed investment decisions by clients, damaging FactSet's reputation and potentially leading to client attrition. This risk is heightened during periods of high market volatility or complex data events.
- Industry Consolidation
The financial data and analytics sector may see further consolidation, potentially creating larger, more formidable competitors. Such consolidation could increase pricing pressure or lead to the acquisition of smaller players, altering the competitive dynamics. This risk would materialize if a major competitor merges with another entity, gaining significant market share.
- Economic Sensitivity
FactSet's clients, primarily financial institutions, are sensitive to broader economic downturns and market performance. During recessions or periods of low market activity, clients may reduce spending on research tools or face financial difficulties themselves. This risk is realized when economic conditions lead to reduced budgets or increased client failures.
Analyst Price Targets for FDS
Wall Street's current consensus view on FactSet Research Systems Inc. (FDS), based on the most recently tracked analyst coverage.
Reflects the most recently tracked analyst ratings for FDS and may lag real-time updates. Not a recommendation to buy or sell.
FDS Recent Earnings History
- Q2 2026
EPS: $4.46 actual vs $4.41 estimate (beat) · Revenue: $611M actual vs $614M estimate
- Q1 2026
EPS: $4.51 actual vs $4.41 estimate (beat) · Revenue: $608M actual vs $606M estimate
- Q4 2025
EPS: $4.51 actual vs $4.36 estimate (beat) · Revenue: $608M actual
- Q3 2025
EPS: $4.05 actual vs $4.13 estimate (miss) · Revenue: $597M actual
- Q2 2025
EPS: $4.27 actual vs $4.3 estimate (miss) · Revenue: $586M actual
- Q1 2025
EPS: $4.28 actual vs $4.18 estimate (beat) · Revenue: $571M actual
What Moves FDS Stock?
FactSet Research Systems' stock performance is primarily driven by subscription revenue growth from its financial data platforms and its ability to meet or exceed analyst expectations for earnings and revenue.
Subscription Growth
FactSet's core business relies on recurring revenue from its comprehensive financial data and analytics platforms, which are essential tools for investment professionals. The company's ability to retain existing clients and attract new ones directly impacts its top-line growth.
Strong subscription renewals and new client acquisitions translate into predictable revenue streams and support higher valuations. Conversely, any slowdown in client acquisition or an increase in churn could pressure the stock.
Analyst Estimates
The market closely monitors FactSet's quarterly earnings and revenue figures against analyst consensus. Beating these expectations often leads to immediate positive stock movement, while misses can trigger sell-offs.
Recent quarters show a mixed pattern, with beats in Q4 2025 and Q1 2026 following misses in prior periods, indicating volatility in meeting targets. This inconsistency can create uncertainty for investors, impacting the stock's stability.
Industry Headwinds
FactSet operates in the competitive financial data industry, facing challenges such as evolving client needs, technological advancements like AI, and broader market data industry concerns. Recent analyst actions, like price target reductions, reflect these industry-wide pressures.
Negative sentiment stemming from industry headwinds or increased competition can weigh on FactSet's stock, even if the company's individual performance remains solid. Investors are watchful for how FactSet adapts to these external factors and integrates new technologies to maintain its competitive edge.
Key insight: FactSet's stock is sensitive to its subscription revenue trajectory and its performance relative to analyst expectations. Navigating industry-wide challenges and demonstrating consistent execution will be key to sustained investor confidence.
FDS Competitive Positioning
FactSet Research Systems Inc. (FDS) is tracked alongside these names in Financial Data & Stock Exchanges on DailyIQ.
Frequently Asked Questions About FDS
Is FactSet Research Systems (FDS) stock a good investment?
FactSet Research Systems (FDS) provides essential financial data and analytics to investment professionals, operating in a sector with high barriers to entry. The company's subscription-based model offers recurring revenue, and its integrated platform supports the entire investment lifecycle. Investors might consider FDS's market position and its ability to adapt to evolving client needs and technological advancements.
What drives FactSet Research Systems (FDS) stock price?
The stock price of FactSet Research Systems (FDS) is primarily influenced by its subscription revenue growth, client retention rates, and the expansion of its product offerings, particularly in areas like AI and cloud solutions. Market sentiment towards the financial data and analytics sector, as well as broader economic conditions affecting investment activity, also play a significant role. Performance against analyst earnings expectations and news regarding partnerships or competitive developments can cause short-term price fluctuations.
Does FactSet Research Systems (FDS) pay a dividend?
Yes, FactSet Research Systems (FDS) does pay a dividend. The company has a history of returning capital to shareholders through regular dividend payments. Investors interested in FactSet's dividend should monitor its payout ratio and the company's ability to sustain and grow these payments over time, especially in light of its earnings and cash flow generation.
What is FactSet Research Systems' (FDS) valuation?
FactSet Research Systems' (FDS) valuation can be assessed by comparing its price-to-earnings (P/E) ratio to industry averages and its historical trading multiples. Its market capitalization and enterprise value provide further context for its overall market worth. Investors often look at forward-looking metrics and growth prospects to determine if the current stock price reflects its future potential.
What are the risks of investing in FactSet Research Systems (FDS)?
Risks associated with FactSet Research Systems (FDS) include intense competition from other financial data providers, potential disruption from new technologies, and reliance on a subscription model that could be affected by economic downturns impacting client budgets. Changes in regulatory environments and the company's ability to innovate and integrate new features, such as AI, are also key considerations for investors.
How does FactSet Research Systems (FDS) generate revenue?
FactSet Research Systems (FDS) primarily generates revenue through a subscription-based model for its comprehensive financial data, analytics, and software solutions. Clients pay recurring fees for access to its integrated platforms, which support various stages of the investment process. The company also derives revenue from professional services and the delivery of specialized data feeds.
What is the investment thesis for FactSet Research Systems (FDS)?
The investment thesis for FactSet Research Systems (FDS) centers on its strong position within the essential financial data and analytics market, characterized by high switching costs for clients and recurring revenue streams. Its integrated platform and ongoing investment in technology, including AI, aim to enhance its value proposition and support long-term growth. The company's ability to maintain client relationships and expand its service offerings is crucial to this thesis.
How is FactSet Research Systems (FDS) performing against earnings estimates?
FactSet Research Systems (FDS) has shown a mixed performance against analyst earnings estimates in recent quarters. While some periods have seen beats on both earnings per share (EPS) and revenue, others have experienced slight misses. Investors should examine the trend of these estimates and FactSet's ability to consistently meet or exceed expectations as an indicator of its operational performance and future outlook.
What is FactSet's (FDS) competitive advantage?
FactSet's competitive advantage lies in its comprehensive and integrated platform that streamlines workflows for investment professionals, reducing the need for multiple disparate data sources. The high cost and complexity for clients to switch providers, coupled with FactSet's deep understanding of client needs and continuous innovation, create significant customer stickiness and a strong market position.
What are FactSet's (FDS) growth catalysts?
Key growth catalysts for FactSet (FDS) include the expansion of its cloud-based offerings, the integration of artificial intelligence into its analytics tools, and the increasing demand for sophisticated data solutions from asset and wealth managers. Further penetration into new markets and client segments, along with strategic partnerships, also represent potential avenues for growth.
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