FactSet Research Systems Inc. (FDS)

In Q2 2025, FactSet reported revenue of $570.7 million and adjusted EPS of $4.28, with organic revenue growth of 4% year-over-year. In Q3 2025, revenues were approximately $585.5 million, surpassing estimates, but EPS of $4.27 were slightly below expectations, with Organic ASV rising by 4.5% year-over-year. Raymond James upgraded FactSet's outlook to Market Perform, while Wells Fargo downgraded it to Underweight. Insiders have engaged in selling activity, including CEO Frederick Philip Snow selling 18,000 shares. Sanoke Viswanathan will succeed Phil Snow as CEO in early September 2025. Over the last six months, FDS stock has decreased by 8.62%.

FactSet's business model is characterized by high recurring revenue and strong client retention due to its subscription-based services. FactSet's fourth fiscal quarter is typically its strongest in terms of Annual Subscription Value (ASV) growth, driven by strong demand from corporate, wealth management, and buy-side clients. Increased demand from wealth and institutional buy-side clients, along with higher banking and asset manager retention, contributes to their revenue growth.

FactSet Research Systems, Inc. is a financial digital platform and enterprise solutions provider delivering data, analytics, and technology to support investment workflows. Their subscription-based model ensures recurring revenue. Key offerings include workstations, portfolio analytics, enterprise data solutions, managed services, CUSIP Global Services (CGS), Portware, BISAM, and LiquidityBook. FactSet serves institutional asset managers, bankers, wealth managers, asset owners, hedge funds, corporate users, and private equity and venture capital professionals.

FactSet Research Systems, Inc. has a global presence with offices and data centers in the Americas, EMEA, and Asia Pacific. The company has offices in 19 countries and is headquartered in Norwalk, Connecticut. In fiscal year 2024, the Americas accounted for 64% of total revenues, EMEA for 26%, and Asia Pacific for 10%.

FactSet has maintained a strong brand reputation, elevating its "Not Just the Facts" campaign to increase awareness of its ability to contextualize data, garnering 134 million impressions globally. The company has consistently received industry awards, reinforcing its reputation as a trusted partner in financial analytics and decision support.

FactSet Research Systems Inc. has a diverse ownership structure, with approximately 80.82% of the company's stock held by institutional shareholders including Vanguard Group Inc, BlackRock, Inc., and Morgan Stanley. Nancy E. Blair is the largest individual shareholder, owning 14.29% of the company. Insiders hold approximately 19.18% of the stock.