Upside case
Bull case
$297+35.3%
FDS would need investors to value it at roughly 17x earnings — about 4x more generous than today's 12x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated May 1, 2026
FactSet Research Systems Inc. (FDS) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
28
analysts
2 bullish · 6 bearish · 28 covering FDS
Strong Buy
0
Buy
2
Hold
20
Sell
6
Strong Sell
0
Consensus Target
$278
+26.6% vs today
Scenario Range
$172 – $297
Model bear to bull value window
Coverage
28
Published analyst ratings
Valuation Context
12.4x
Forward P/E · Market cap $9.4B
FDS price targets
Three scenarios for where FDS stock could go
Current
~$219
Confidence
76 / 100
Updated
May 1, 2026
Where we are now
Current · $219
Bear
$172
Base
$248
Bull
$297
Market caseClosest to today
Base case
$248+12.8%
At 14x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$172-21.8%
If investor confidence fades or macro conditions deteriorate, a 3x multiple contraction could push FDS down roughly 22% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
FactSet Research Systems Inc.
FDS · NYSEFinancial ServicesFinancial - Data & Stock ExchangesAugust year-end
FactSet is a financial data and analytics company that provides integrated financial information and analytical applications to investment professionals worldwide. It generates subscription revenue primarily from its workflow solutions — research, analytics and trading, content and technology solutions, and wealth management — with institutional clients paying recurring fees for access to its data platforms. The company's competitive advantage lies in its deeply integrated workflow solutions that create high switching costs for clients who rely on its comprehensive financial data ecosystem.
Market Cap
$9.4B
Net Income TTM
$600M
FDS Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
75%Exceptional
12 quarters tracked
Revenue Beat Rate
83%Exceptional
vs consensus estimates
Avg EPS Surprise
+1.8%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 2 of 4Q2 2025
EPS
$4.27/$4.30
Revenue
$586M/$581M
Q3 2025
EPS
$4.05/$4.13
Revenue
$597M/$593M
Q4 2025
EPS
$4.51/$4.36
Revenue
$608M/$601M
Q1 2026
EPS
$4.46/$4.37
Revenue
$611M/$605M
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $4.27/$4.30 | -0.7% | $586M/$581M | +0.8% |
| Q3 2025 | $4.05/$4.13 | -1.9% | $597M/$593M | +0.7% |
| Q4 2025 | $4.51/$4.36 | +3.4% | $608M/$601M | +1.1% |
| Q1 2026 | $4.46/$4.37 | +2.1% | $611M/$605M | +1.0% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$2.5B
+5.7% YoY
FY2
$2.6B
+5.4% YoY
EPS Outlook
FY1
$16.51
+3.6% YoY
FY2
$17.55
+6.3% YoY
Trailing FCF (TTM)$647M
Next Earnings
—
Expected EPS
—
Expected Revenue
—
FDS beat EPS estimates in 2 of 4 tracked quarters. Mixed delivery makes the upcoming report a key data point for re-rating.
FDS Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $2.0B
Product Mix
Latest annual revenue by segment or product family
Segment breakdown not available for this company.
Geographic Mix
Latest annual revenue by reported region
UNITED STATES
70.9%
+5.6% YoY
Tap, hover, or focus a slice to inspect segment detail.
UNITED STATES is the largest reported region at 70.9%, up 5.6% YoY.
FDS Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $444 — implies +95.3% from today's price.
Upside to Fair Value
95.3%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
FDS
14.1x
vs
S&P 500
25.1x
44% discount
vs Financial Services Trailing P/E
FDS
14.1x
vs
Financial Services
13.3x
+6% premium
vs FDS 5Y Avg P/E
Today
14.1x
vs
5Y Average
33.9x
58% discount
Forward PE
12.4x
S&P 500
19.1x
-35%
Financial Services
10.4x
+19%
5Y Avg
—
—
Trailing PE
14.1x
S&P 500
25.1x
-44%
Financial Services
13.3x
+6%
5Y Avg
33.9x
-58%
PEG Ratio
1.41x
S&P 500
1.72x
-18%
Financial Services
1.01x
+39%
5Y Avg
—
—
EV/EBITDA
11.4x
S&P 500
15.2x
-25%
Financial Services
11.4x
-0%
5Y Avg
23.4x
-51%
Price/FCF
15.3x
S&P 500
21.1x
-28%
Financial Services
10.6x
+45%
5Y Avg
28.6x
-47%
Price/Sales
4.1x
S&P 500
3.1x
+30%
Financial Services
2.2x
+83%
5Y Avg
8.0x
-49%
Dividend Yield
1.90%
S&P 500
1.87%
+2%
Financial Services
2.70%
-30%
5Y Avg
0.88%
+115%
| Metric | FDS | S&P 500 | Financial Services | 5Y Avg FDS |
|---|---|---|---|---|
| Forward PE | 12.4x | 19.1x-35% | 10.4x+19% | — |
| Trailing PE | 14.1x | 25.1x-44% | 13.3x | 33.9x-58% |
| PEG Ratio | 1.41x | 1.72x-18% | 1.01x+39% | — |
| EV/EBITDA | 11.4x | 15.2x-25% | 11.4x | 23.4x-51% |
| Price/FCF | 15.3x | 21.1x-28% | 10.6x+45% | 28.6x-47% |
| Price/Sales | 4.1x | 3.1x+30% | 2.2x+83% | 8.0x-49% |
| Dividend Yield | 1.90% | 1.87% | 2.70% | 0.88% |
FDS trades above S&P 500 benchmarks on 1 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolFDS Financial Health
Verdict
Exceptional
FDS generates 27.7% ROE and 14.2% return on assets — the two primary signals for banking profitability. FCF-based metrics are not applicable to financial companies.
Earnings Engine
Revenue, profitability, and return on capital
Revenue (TTM)
Trailing-twelve-month sales base
—
Revenue Growth
TTM vs prior year
—
Operating Margin
Operating income divided by revenue
—
Net Margin
Net income divided by revenue
—
EPS (TTM)
Diluted earnings per share, trailing twelve months
$15.94
ROE
Return on equity — the primary profitability signal for banks
27.7%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
15.5%
ROA
Return on assets, trailing twelve months
14.2%
Cash & Equivalents
Liquid assets on the balance sheet
$338M
Net Debt
Total debt minus cash
$1.2B
FCF Analysis
Traditional FCF and debt/FCF ratios are not meaningful for financial companies. Focus on ROE and ROA above.
ROE
Return on equity — the headline bank profitability metric
27.7%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
5.1%
Dividend
1.9%
Buyback
3.2%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$300M
Dividend / Share
Annualized trailing dividend per share
$4.17
Payout Ratio
Share of earnings distributed as dividends
26.8%
Shares Outstanding
Declining as buybacks retire shares
38M
All figures from the trailing twelve months. For financial companies, ROE and ROA are the primary health signals — FCF-based metrics are not applicable.
Open full ratios pageFDS Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
AI Disruption
The rise of artificial intelligence (AI) tools poses a significant risk to FactSet, as these tools could compete with its services and make data more accessible. Increased AI usage may also lead to lower operating margins due to higher investment costs, impacting profitability.
High Risk
Economic and Market Conditions
FactSet's revenue growth and profitability are highly susceptible to economic downturns and fluctuations in financial markets. A downturn could lead to reduced client spending, significantly affecting the company's financial performance.
Medium
Shifts in Investment Strategies
The ongoing shift from active to passive investing could negatively impact the demand for FactSet's services. This change in investment strategies may lead to a decline in revenue as clients adjust their spending.
Medium
Industry Concentration
FactSet's client base is heavily concentrated in the financial services industry, exposing the company to industry-specific risks. Any adverse developments within this sector could have a disproportionate impact on FactSet's performance.
Medium
Valuation Concerns
Despite recent price drops, analysts express concerns that FactSet's price-to-earnings (P/E) ratio may still be higher than expected relative to its forecast growth rate. This could place shareholders' investments at risk, although its current P/E ratio is cheaper than the industry average.
Lower
Internal Controls
FactSet has reported a material weakness in internal control over financial reporting related to IT general controls. While the company has shown strong financial results, this weakness could pose risks to the accuracy and reliability of its financial reporting.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why FDS Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Undervaluation and Compelling Valuation Metrics
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.
AI as a Growth Driver
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.
Strong Fundamentals and Business Resilience
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%.
Shareholder Returns and Financial Health
FactSet offers a reliable dividend yield of around 1.92% and has an active share repurchase program, providing support for its stock price. Its balance sheet is resilient, with total assets significantly outweighing liabilities.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
FDS Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$219.42
52W Range Position
11%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$189.07
+16.1% from the low
52-Week High
$474.79
-53.8% from the high
1 Month
-4.99%
3 Month
+4.90%
YTD
-23.0%
1 Year
-49.3%
3Y CAGR
-18.5%
5Y CAGR
-8.2%
10Y CAGR
+4.0%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
FDS vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
12.4x
vs 21.7x median
-43% below peer median
Revenue Growth
+5.7%
vs +7.8% median
-27% below peer median
Net Margin
—
vs 20.1% median
Peer median unavailable
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
FDS FDS FactSet Research Systems Inc. | $9.4B | 12.4x | +5.7% | — | Hold | +26.6% |
MSC MSCI MSCI Inc. | $42.3B | 29.6x | +10.2% | — | Buy | +16.1% |
ICE ICE Intercontinental Exchange, Inc. | $88.0B | 19.4x | +1.2% | — | Buy | +26.0% |
SPG SPGI S&P Global Inc. | $125.5B | 21.6x | +7.8% | — | Buy | +29.3% |
MCO MCO Moody's Corporation | $80.6B | 27.2x | +7.9% | — | Buy | +19.8% |
TRI TRI Thomson Reuters Corporation | $41.6B | 21.7x | +5.6% | 20.1% | Buy | +54.2% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FDS Dividend and Capital Return
FDS returns capital mainly through $300M/year in buybacks (3.2% buyback yield), with a modest 1.90% dividend — combining for 5.1% total shareholder yield. The dividend has grown for 21 consecutive years.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
5.1%
Dividend + buyback return per year
Buyback Yield
3.2%
Dividend Yield
1.90%
Payout Ratio
26.8%
How FDS Splits Its Return
Div 1.90%
Buyback 3.2%
Dividend 1.90%Buybacks 3.2%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$4.17
Growth Streak
Consecutive years of dividend increases
21Y
3Y Div CAGR
7.5%
5Y Div CAGR
7.5%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$300M
Estimated Shares Retired
1M
Approx. Share Reduction
3.6%
Shares Outstanding
Current diluted share count from the screening snapshot
38M
At 3.6%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $1.10 | — | — | — |
| 2025 | $4.34 | +5.9% | 2.1% | 3.2% |
| 2024 | $4.10 | +7.0% | 1.4% | 2.4% |
| 2023 | $3.83 | +9.7% | 1.0% | 1.9% |
| 2022 | $3.49 | +8.0% | 0.1% | 0.9% |
FAQ
7 questionsFDS Investor Questions
Common questions answered from live analyst data and company financials.
01Is FactSet Research Systems Inc. (FDS) stock a buy or sell in 2026?
FactSet Research Systems Inc. (FDS) is rated Hold by Wall Street analysts as of 2026. Of 28 analysts covering the stock, 2 rate it Buy or Strong Buy, 20 rate it Hold, and 6 rate it Sell or Strong Sell. The consensus 12-month price target is $278, implying +26.6% from the current price of $219. The bear case scenario is $172 and the bull case is $297.
02What is the FDS stock price target for 2026?
The Wall Street consensus price target for FDS is $278 based on 28 analyst estimates. The high-end target is $321 (+46.3% from today), and the low-end target is $210 (-4.3%). The base case model target is $248.
03Is FactSet Research Systems Inc. (FDS) stock overvalued in 2026?
FDS trades at 12.4x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for FactSet Research Systems Inc. (FDS) stock in 2026?
The primary risks for FDS in 2026 are: (1) AI Disruption — The rise of artificial intelligence (AI) tools poses a significant risk to FactSet, as these tools could compete with its services and make data more accessible. (2) Economic and Market Conditions — FactSet's revenue growth and profitability are highly susceptible to economic downturns and fluctuations in financial markets. (3) Shifts in Investment Strategies — The ongoing shift from active to passive investing could negatively impact the demand for FactSet's services. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is FactSet Research Systems Inc.'s revenue and earnings forecast?
Analyst consensus estimates FDS will report consensus revenue of $2.5B (+5.7% year-over-year) and EPS of $16.51 (+3.6% year-over-year) for the upcoming fiscal year. The following year, analysts project $2.6B in revenue.
06When does FactSet Research Systems Inc. (FDS) report its next earnings?
A confirmed upcoming earnings date for FDS is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does FactSet Research Systems Inc. generate?
FactSet Research Systems Inc. (FDS) generated $647M in free cash flow over the trailing twelve months. FDS returns capital to shareholders through dividends (1.9% yield) and share repurchases ($300M TTM).