# FactSet Research Systems Inc. (FDS)

> Source: Nexqual · https://nexqual.com/FDS · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, FactSet Research Systems Inc. (FDS), nexqual.com/FDS" · informational, not investment advice.

**Price:** USD 335.45 (+4.86% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 319.91 · day 321.53–339.83 · 52w 185–339.83 · market cap $11.9B · NYQ

## Key facts
- Last four reported quarters (through Aug 31, 2026): revenue $2.48B, net income $533M (21.5% margin), free cash flow $707M (SEC filings).
- Valuation: P/E 22.4x (avg 25.3x at the last 3 fiscal year-ends), EV/EBITDA 14.8x, net debt $1.10B.
- 3 of 80 tracked superinvestors hold FDS (13F, Q2 2026): 0 new, 2 added, 0 reduced, 1 unchanged.
- Analysts: Hold (mean 3.28 on a 1–5 scale) (18 analysts), mean target USD 280 (range 212–340).
- Total return with dividends: 1Y +19.0% vs S&P 500 +14.9%; 5Y -17.9% vs S&P 500 +80.3%.
- Next earnings: 2026-12-17, EPS estimate USD 5, revenue estimate $644M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.84B | $2.09B | $2.20B | $2.32B | $2.48B | $2.48B |
| Gross profit | $973M | $1.11B | $1.19B | $1.22B | $1.25B | — |
| Operating income | $475M | $629M | $701M | $748M | $700M | $700M |
| Net income | $397M | $468M | $537M | $597M | $533M | $533M |
| EPS (diluted) | $10.25 | $12.04 | $13.91 | $15.55 | $14.57 | — |
| Free cash flow | $487M | $585M | $615M | $617M | $707M | $707M |
| Gross margin | 52.8% | 53.3% | 54.1% | 52.7% | 50.6% | — |
| Operating margin | 25.8% | 30.2% | 31.8% | 32.2% | 28.3% | 28.3% |
| Net margin | 21.5% | 22.4% | 24.4% | 25.7% | 21.5% | 21.5% |
| Revenue growth | +15.9% | +13.1% | +5.6% | +5.4% | +6.7% | — |
| Cash + short-term investments | $536M | $458M | $493M | $355M | $265M | — |
| Total debt | $1.98B | $1.61B | $1.37B | $1.37B | $1.37B | — |
Fiscal years end Aug. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 31, 2026)
P/E 22.4x · P/S 4.8x · EV/EBITDA 14.8x · EV/Sales 5.3x · P/FCF 16.9x · P/B 6.0x · FCF yield 5.93% · Earnings yield 4.47% · Dividend yield (paid, TTM) 1.38% · Buyback yield (TTM) 5.40% · Net debt $1.10B · EV $13.0B
P/E at fiscal year-ends: Aug 2026 21.5x, Aug 2025 24.0x, Aug 2024 30.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold FDS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Yacktman Asset Management |  | 0.65% | $52.8M | Added +1.7% |
| John Rogers | Ariel Investments | 0.54% | $53.9M | Added +4.0% |
| Thomas Gayner | Markel Group | 0.24% | $31.1M | Unchanged |

## Analysts
Consensus Hold (mean 3.28 on a 1–5 scale), 18 analysts; mean target USD 280 (low 212, high 340).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | BMO Capital | Target raised | Market Perform | $300 → $314 |
| 2026-10-01 | Wells Fargo | Target raised | Underweight | $210 → $250 |
| 2026-10-01 | Stifel | Target raised | Hold | $254 → $292 |
| 2026-09-11 | Deutsche Bank | Target raised | Hold | $280 → $299 |
| 2026-09-10 | Morgan Stanley | Target raised | Equal-Weight | $230 → $300 |
| 2026-09-08 | William Blair | Upgrade | Market Perform → Outperform |  |
| 2026-09-08 | Barclays | Target raised | Underweight | $216 → $250 |
| 2026-08-27 | RBC Capital | Target raised | Sector Perform | $240 → $304 |
| 2026-07-06 | Barclays | Target raised | Underweight | $210 → $216 |
| 2026-07-02 | Jefferies | Target raised | Hold | $225 → $253 |
| 2026-07-02 | B of A Securities | Target raised | Underperform | $205 → $210 |
| 2026-07-02 | Deutsche Bank | Target raised | Hold | $275 → $280 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +19.0% | -17.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +19.1% | -3.9% |
| Volatility (annualized) | 48.0% | 31.9% |
| Max drawdown | -36.0% (Jan 2026→Feb 2026) | -59.8% (Nov 2024→Feb 2026) |

## Peers (Financial Data & Stock Exchanges)
TRU (TransUnion) USD 83.46 +5.74% · MORN (Morningstar, Inc.) USD 223.33 +4.46% · CBOE (Cboe Global Markets, Inc.) USD 327.72 +2.79% · COIN (Coinbase Global, Inc.) USD 169.09 -4.51% · MSCI (MSCI Inc.) USD 620.24 +2.61% · NDAQ (Nasdaq, Inc.) USD 103.3 +7.47%

## More
Full page: https://nexqual.com/FDS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in FDS's own 10-K filed 2026-10-20 (https://www.sec.gov/Archives/edgar/data/1013237/000162828026066391/fds-20260831.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Platform Group | "This acquisition builds on a successful partnership between FactSet and Irwin, and expands our ability to address the holistic workflow needs of investor relations professionals with an integrated, modern solution." |

## Revenue by business segment (quarter ended 2026-08-31)

| Line | Revenue | Share | YoY | Operating income | Op. margin |
|---|---|---|---|---|---|
| Americas | $414.3M | 65.3% | +6.6% | $43.2M | 10.4% |
| EMEA | $154.8M | 24.4% | +5.0% | $65.8M | 42.5% |
| Asia Pacific | $65.6M | 10.3% | +8.0% | $47.6M | 72.5% |
| Total revenue | $634.7M | 100% | — | $156.6M | 24.7% |

## Revenue by region (fiscal year ended 2026-08-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| UNITED STATES | $1.52B | 61.2% | +7.1% |
| All other countries | $717.6M | 29.0% | +6.3% |
| United Kingdom ("UK") | $242.6M | 9.8% | +5.0% |
| Total revenue | $2.48B | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-11-30) | $5.00 | $4.94 | +1.3% | $643.6M | 16 |
| Next quarter (ends 2027-02-28) | $4.91 | $4.90 | +0.3% | $646.5M | 16 |
| Current fiscal year (ends 2027-08-31) | $19.62 | $19.70 | -0.4% | $2.62B | 18 |
| Next fiscal year (ends 2028-08-31) | $21.70 | $21.92 | -1.0% | $2.78B | 17 |