Factset Research Systems Stock Earnings Reports

FactSet reported accelerating organic ASV growth of 6.7% in Q2 (to $2.45B) with balanced strength across geographies and client types, driven by retention, expansion and new business. Adjusted operating margin was 35% and adjusted EPS was $4.46 (up 4% YoY). Management highlighted several commercial wins across banking, private capital, wealth, and trading platforms (including expanded engagements with a major global bank, Capital Group expansion on Portware, and traction for LiquidityBook). They raised full-year ASV, revenue, and EPS guidance ranges, while keeping margin guidance unchanged to reflect planned strategic investments. Key strategic priorities are (1) commercial excellence—new pricing/packaging, sales realignment, longer-duration enterprise contracts and higher retention; (2) productivity improvements—AI-driven automation in engineering, data operations and client support delivering early cost and time savings; and (3) a longer-term strategy to be a data-and-workflow infrastructure provider for AI-enabled finance through partnerships (Snowflake, Databricks, Anthropic, OpenAI, Finster) and new products (MCP Server, agentic capabilities). They reported >95% ASV retention, added 98 net new clients (total ~9,101), users >241,000, and repurchased ~$163M of shares in the quarter (YTD >$300M), with $700M remaining on the buyback authorization. Management expects continued investment in AI and cloud while capturing productivity gains (over half of targeted 100 bps savings already realized) to drive durable growth and medium-term operating leverage.