FactSet Research Systems Inc. reported a revenue increase of 6.9% for the first quarter of fiscal 2026, totaling $607.6 million, compared to $568.7 million in the same period last year. The growth was primarily driven by a 6.0% rise in organic revenues, alongside a 0.7% contribution from acquisitions, and a slight 0.2% increase from foreign currency fluctuations. The Americas segment led this growth, with revenues rising 7.9% to $396.2 million, while EMEA and Asia Pacific segments also saw increases of 4.0% and 7.3%, respectively.

Operating income for the quarter was $192.1 million, a marginal increase of 0.4% from $191.3 million in the prior year. However, the operating margin decreased to 31.6% from 33.6%, attributed to higher amortization of intangible assets and increased employee compensation costs. Net income rose to $152.6 million, reflecting a 1.7% increase from $150.0 million, with diluted earnings per share increasing by 4.4% to $4.06.

FactSet's client base expanded to over 9,000 clients, serving approximately 239,000 investment professionals, marking a 9.1% increase in client count year-over-year. The company also reported a 2.5% increase in employee headcount, totaling 12,886 as of November 30, 2025. This growth was driven by investments in operational capabilities and the acquisition of Liquid Holdings, LLC, which was completed in February 2025 for $243.2 million. The acquisition is expected to enhance FactSet's trading solutions and overall service offerings.

In terms of cash flow, FactSet generated $121.3 million from operating activities, a significant increase from $86.4 million in the previous year. The company also reported a free cash flow of $90.4 million, up from $60.5 million, indicating improved liquidity. However, cash used in financing activities increased to $190.5 million, primarily due to share repurchases totaling $139.9 million and dividend payments of $41.4 million.

Looking ahead, FactSet remains focused on expanding its data offerings and enhancing client integration through innovative solutions, particularly in artificial intelligence. The company anticipates continued growth in organic annual subscription value, which reached $2.39 billion, reflecting a 5.9% increase year-over-year. Despite the challenges posed by rising operational costs, FactSet's strategic investments and acquisitions position it well for future growth in the competitive financial services landscape.

About FACTSET RESEARCH SYSTEMS INC

FactSet Research Systems Inc. provides global financial data, analytics, and enterprise solutions to investment professionals, including asset managers, bankers, and wealth managers. Its platform offers comprehensive market intelligence, portfolio analysis, risk management, and workflow automation across asset classes and regions. With a focus on data integration, AI innovation, and client workflow embedding, FactSet supports investment decision-making and operational efficiency in the financial services industry.

This description was generated via AI from an annual report. Updated 8 months ago.

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