On July 28, FactSet Research rose 5.01% in regular trading, trading at $284.635/share, with turnover of $77.80 million. The rally was driven by the company's fiscal Q3 results exceeding expectations, coupled with accelerating AI adoption across its client base.
FactSet reported fiscal Q3 adjusted EPS of $4.53, beating the consensus estimate of $4.46 by 1.57%, while revenue of $622.9 million also surpassed the $617.9 million estimate. The core metric of organic annual subscription value growth accelerated to 7.1%, marking the fifth consecutive quarter of above-consensus performance. Morgan Stanley highlighted that data solutions maintained double-digit growth with rising client AI adoption rates. RBC Capital Markets noted that the accelerating deployment of the Model Context Protocol and a solid business pipeline bode well for ASV growth prospects. Additionally, the company recently signed a strategic partnership with Google Cloud to launch workflow-specific agentic tools for the financial industry, further strengthening its AI ecosystem positioning. The company reaffirmed its fiscal 2026 guidance of adjusted EPS of $17.25-$17.75 and revenue of $2.45-$2.47 billion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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