FactSet FY2026: revenue up 6.7%, ASV up 7.0%, GAAP EPS down 6.3%
FactSet grew revenue 6.7% to $2.48 billion and adjusted EPS 6.1% in fiscal 2026, yet GAAP net income fell 10.6% because costs rose faster than sales. The FY2027 guide asks for slower organic ASV growth of 5.0%–6.5% alongside a margin recovery. Read both the GAAP and adjusted lines; the gap between them is where this year's story sits.
1 · Expected vs. Actual
Free preview belowFull-year GAAP diluted EPS fell 6.3% to $14.57 from $15.55, while adjusted EPS rose 6.1% to $18.01, the 30th consecutive year of adjusted EPS growth. The $3.44 gap is mostly intangible amortization ($1.60), restructuring ($0.97), CEO onboarding costs ($0.41) and an equity-investment impairment ($0.34). The fourth quarter was starker still: GAAP EPS of $3.41 against adjusted EPS of $4.52, up 11.6%.
Full-year revenue rose 6.7% to $2.48 billion, and organic revenue rose the same 6.7% to $2.46 billion, so acquisitions added nothing to the top line. The fourth quarter was the strongest of the year at $634.7 million, up 6.3% as reported and 7.1% organic, with organic ASV closing at $2,568.2 million, up 7.0%. The quarter split into $414.3 million Americas, $154.8 million EMEA and $65.6 million APAC, with APAC the fastest growing at 11.0% organic.
Management guides FY2027 revenue to $2,600–$2,625 million, a midpoint 5.5% above FY2026, and organic ASV growth of 5.0%–6.5%, slower than the 7.0% just delivered. Adjusted EPS is guided to $19.25–$19.65 (midpoint up 8.0%) on an adjusted operating margin of 34.75%–35.25%, versus 34.5% actual. The GAAP EPS guide of $17.00–$17.50 looks like 18.4% growth at the midpoint, but most of that is last year's one-time charges not repeating rather than new profit.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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