FactSet Research Systems Earnings Call Transcripts
Fiscal Year 2026
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Organic ASV grew 7.1% to $2.48B, with strong AI-driven expansion and retention across all regions and client types. Adjusted operating margin was 34%, EPS rose 6.1%, and free cash flow increased 11%. Strategic partnerships and productivity initiatives are fueling growth and margin improvement.
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Organic ASV growth accelerated to 6.7% year-over-year, with strong revenue and EPS gains. AI integration is driving both client value and internal productivity, supporting raised guidance for fiscal 2026. Major client wins and rapid adoption of new solutions highlight momentum.
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Q1 FY26 delivered 5.9% organic ASV growth, 6.9% revenue growth, and 36.2% adjusted operating margin. Strong client demand, AI adoption, and key wins drove results, while guidance for FY26 was reaffirmed and share repurchase authorization increased to $1 billion.
Fiscal Year 2025
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Strong FY 2025 results featured record organic ASV growth, robust performance in wealth and asset management, and significant AI-driven innovation. FY 2026 guidance is conservative, reflecting longer sales cycles but continued investment in AI and data expansion.
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Organic ASV grew 4.5% year-over-year, with strong performance in wealth, dealmakers, and partnerships. Adjusted operating margin was 36.8% and adjusted EPS was $4.27, while FY25 guidance was reaffirmed amid robust Q4 pipeline and ongoing investments in GenAI and infrastructure.
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FactSet has evolved into a leading data and technology provider, focusing on API-first platforms, AI-driven workflows, and expanding private and real-time data assets. Key growth is expected in wealth, hedge funds, and private markets, with AI and automation as major differentiators.
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Organic ASV grew 4.1% year-over-year, with strong performance in wealth, PE/VC, and hedge funds, while asset management and banking faced headwinds. Fiscal 2025 guidance was reaffirmed, with a narrowed ASV growth range and increased revenue outlook, supported by recent acquisitions and robust pipeline momentum.
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Organic ASV grew 4.5% year-over-year, with solid revenue and margin performance despite macro uncertainty. Strong client retention, expanding AI product adoption, and a robust sales pipeline support a reaffirmed full-year outlook, with growth expected to accelerate in the second half.
Fiscal Year 2024
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FactSet outlined a strategy focused on enterprise solutions, AI-driven innovation, and expanding into technology budgets, supported by strong financial performance and disciplined capital allocation. The company targets mid- to high-single-digit ASV growth, margin expansion, and continued product differentiation through acquisitions and technology investments.
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Organic ASV and revenue growth exceeded guidance, driven by strong wealth management and AI-powered product momentum. Fiscal 2025 guidance anticipates 5% organic ASV growth, margin discipline, and a stronger second half as new solutions ramp.
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Organic ASV and professional services grew 5% year-over-year, with adjusted EPS up 15% and margin expansion driven by cost controls. Guidance for FY24 was raised for margin and EPS, while revenue growth expectations were trimmed due to market headwinds and one-time cancellations.