FactSet's subscription franchise remains the sole earnings engine — non-interest fee income rose from $548.1M in 2024Q3 to $633.3M in 2026Q4, a 15.5% gain over ten quarters, while net interest income stayed negative in nine of ten periods, ranging from -$10.8M to -$38.9M per quarter.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Non-interest fee income — effectively 100% of total revenue at $633.3M in 2026Q4 — grew 15.5% from 2024Q3, yet operating income fell from $202.5M to $156.6M over the same span and implied operating margin on revenue compressed to 24.7% from 36.6%, with gross margin near 54.0% versus Thomson Reuters at 75.8%.
FactSet is trading below its intrinsic value, with one assessment placing it at $388.49 compared to a market price of $229.56. Its P/E ratio of 13.01x is significantly lower than its five-year average of 33.36x, indicating a potential buying opportunity.
FactSet is integrating AI into its solutions, enhancing its value proposition rather than being threatened by it. The company is developing AI-native banking solutions, positioning itself as a secure provider for Wall Street, which is crucial for banks concerned about data leaks.
FactSet boasts a client retention rate above 95%, indicating strong client loyalty. The company has shown consistent revenue growth, with a 7% year-over-year increase, and a solid return on equity of over 30%.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Sep 30, 2026 | $4.52+3.9% vs $4.35 | $635M+0.8% vs $630M |
Q3 2026 Jul 1, 2026 | $4.53+1.8% vs $4.45 | $623M+0.8% vs $618M |
Q2 2026 Mar 31, 2026 | $4.46+1.8% vs $4.38 | $611M+1.0% vs $605M |
Q4 2025 Dec 18, 2025 | $4.51+3.4% vs $4.36 | $608M+1.1% vs $601M |
FactSet and Nasdaq Private Market partner to bring cap table data to FactSet Workstation, expanding private markets transparency and ownership insights
FactSet Research Systems Inc. (NYSE: FDS - Get Free Report) has earned a consensus recommendation of "Reduce" from the nineteen ratings firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned
FactSet's expanding AI adoption, automation-driven efficiency & strong free cash flow support growth, but rising competition & margin pressures pose risks.
I track an investable universe of 50 high-quality dividend growth stocks to identify attractive entry points based on valuation and future return potential. Applied Materials, D.R. Horton, and Home Depot saw notable ranking improvements due to upgraded EPS growth estimates and/or favorable valuation shifts. 44 out of 50 stocks currently offer a forward return estimate of at least 10%, with 32 appearing potentially undervalued based on free cash flow mean reversion.
Benchmark FDS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for FactSet Research Systems Inc. (FDS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $327.89 | $11.66B | 21.86 | 6.89% | 22.28% | 25.61% | 1.37% | |
| $641.01 | $46.6B | 33.49 | 9.51% | 43.87% | — | 1.12% | |
| $172.27 | $97.15B | 23.37 | 9.27% | 33.78% | 14.05% | 1.12% | |
| $467.80 | $137.91B | 27.36 | 8.18% | 31.99% | 14.88% | 0.82% | |
| $505.67 | $87.58B | 30.40 | 9.37% | 36.16% | 82.81% | 0.77% | |
| $112.57 | $49.14B | 30.96 | 3% | 20.02% | 13.69% | 2.08% |
FactSet Research Systems Inc. (FDS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
FactSet Research Systems Inc. (FDS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Sep 30, 2026·SEC
Sep 25, 2026·SEC
Aug 31, 2026·SEC
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FactSet Research Systems Inc. (FDS) stock FAQ — growth, dividends, profitability & financials explained
FactSet Research Systems Inc. (FDS) grew revenue by 5.7% over the trailing twelve months, compared with the twelve months before.
Yes. FactSet Research Systems Inc. (FDS) earned $533.5M in net income over the trailing twelve months (a 22.3% net margin).
Yes. FactSet Research Systems Inc. (FDS) pays a dividend that yields 1.37% at the current price, a moderate yield.
FactSet Research Systems Inc. (FDS) had a return on equity (ROE) of 25.6% over the trailing twelve months. That is well above the market's typical 10-15%.
FactSet Research Systems Inc. (FDS) has a net interest margin (NIM) of -1.2%. NIM has been under pressure due to interest rate environment.
FactSet Research Systems Inc. (FDS) has an efficiency ratio of 22.8%. This is excellent, indicating strong cost control.
