Factset
FactSet Research Systems Inc., founded in 1978 by Howard Wille and Charles Snyder, is a financial data and software company headquartered in Norwalk, Connecticut.
Profile
FactSet provides financial data, analytics, and software platforms used by investment professionals to research, model, trade, and manage portfolios.
FactSet Research Systems Inc., founded in 1978 by Howard Wille and Charles Snyder, is a financial data and software company headquartered in Norwalk, Connecticut. As of its fiscal second quarter ending February 28, 2026, FactSet reported GAAP revenues of $611.0 million, up 7.1% year-over-year, and an organic Annual Subscription Value (ASV) of $2.45 billion, up 6.7%. The company serves roughly 240,000 global users across buy-side firms, sell-side banks, corporations, and wealth managers.
Its product portfolio spans investment research, portfolio analytics, private markets data, trading solutions, and a growing suite of AI-powered tools branded 'FactSet Intelligence.' The company has been publicly traded on the NYSE and NASDAQ (FDS) since 1996. Recent strategic moves include a partnership with Valutico in May 2026 to modernize private capital valuation workflows, and a $1 billion share repurchase authorization approved in December 2025. CEO Sanoke Viswanathan, who took the role in 2022, has emphasized three priorities: commercial excellence, productivity, and long-term strategy.
Despite revenue growth, operating margins have compressed: GAAP operating margin fell to 30.3% in Q2 2026 from 32.5% a year earlier, driven by higher employee compensation, technology costs, and amortization. Adjusted operating margin was 35.0%, down 230 basis points. FactSet maintains a high ASV retention rate above 95%, a key metric for recurring revenue stability in the competitive financial data market against Bloomberg L.P., Refinitiv (LSEG), and S&P Global.
Products by Factset
Who buys this
- Institutional asset managers and asset owners
- Hedge funds and private capital managers
- Investment banks and sell-side research departments
- Corporate finance, treasury, and investor relations teams
- Wealth management firms and financial advisors
Strengths and what to watch
Strengths
- Recurring revenue model with ASV retention above 95%, providing predictable cash flow and long-term client relationships.
- Broad workflow integration across research, portfolio analytics, trading, and AI, reducing client need for multiple vendors.
- Consistent revenue growth: GAAP revenues up 7.1% year-over-year in Q2 2026, with organic ASV growth of 6.7%.
Watch for
- Operating margin compression: GAAP operating margin fell 220 bps year-over-year to 30.3% in Q2 2026, driven by rising compensation and technology costs.
- Intense competition from Bloomberg Terminal, LSEG (Refinitiv), and S&P Global, which may pressure pricing and market share.
- Dependence on institutional buy-side and wealth management clients for growth; any slowdown in those segments would directly impact revenue.
Recent moves
Key Information
- Industry
- Financial & Market Data
- Founded
- 1978
- Employees
- 15218
- Headquarters
- Norwalk, Connecticut
- Country
- United States
Frequently Asked Questions
What does FactSet do?
FactSet provides financial data, analytics, and software platforms for investment professionals. Its tools help users research, model, trade, and manage portfolios. The company serves around 240,000 global users across buy-side firms, sell-side banks, corporations, and wealth managers.
How does FactSet make money?
FactSet generates revenue through a subscription-based model, with an annual subscription value of $2.45 billion as of February 2026. It reported GAAP revenues of $611 million for the second quarter of fiscal 2026, up 7.1% year-over-year, with a high ASV retention rate above 95%.
Who are FactSet's main competitors?
FactSet competes with Bloomberg L.P., Refinitiv (LSEG), and S&P Global in the financial data market. These rivals offer similar data, analytics, and trading solutions, creating intense competition that may pressure pricing and market share for FactSet.
What products does FactSet offer?
FactSet's product portfolio includes investment research, portfolio analytics, private markets data, trading solutions, and AI-powered tools under the FactSet Intelligence brand. These tools integrate across workflows to reduce the need for multiple vendors among financial professionals.
What are FactSet's recent financial results?
In the second quarter of fiscal 2026 ending February 28, FactSet reported GAAP revenues of $611 million, up 7.1% year-over-year. Organic annual subscription value grew 6.7% to $2.45 billion, though operating margins compressed due to higher compensation and technology costs.
What is FactSet's partnership with Valutico about?
In May 2026, FactSet partnered with Valutico to modernize valuation workflows for private capital markets. This collaboration aims to streamline private capital valuation processes, leveraging FactSet's data and analytics alongside Valutico's valuation software for investment professionals.
Sources
- investor.factset.com — Q2 2026 financial results: revenues $611M, ASV $2.45B, operating margins, EPS, and guidance.
- investor.factset.com — Q1 2026 financial results: revenues $607.6M, ASV $2.41B, share repurchase authorization increase to $1B.
- investor.factset.com — Company overview: ~240K global users, 95%+ ASV retention, $2.3B annual revenue (fiscal 2025).
- www.factset.com — Product offerings: FactSet Intelligence AI, investment research, portfolio analytics, private markets, wealth management, data solutions, trading.
- investor.factset.com — May 2026 partnership with Valutico for private capital valuation workflows.