What Happened?
Shares of financial data provider FactSet (NYSE: FDS) jumped 3.8% in the afternoon session after the company reported calendar third-quarter 2026 revenue growth of 6.3% and issued fiscal 2027 financial targets.
According to a company press release, FactSet reported that GAAP revenues reached $634.7 million for the period ended August 31, 2026, while organic revenues expanded by 7.1%. The release also said that organic Annual Subscription Value rose 7.0% year over year, adding $168.2 million to reach $2,568.2 million. FactSet also disclosed repurchasing 552,064 common shares for $138.0 million at an average price of $249.90 during the calendar third quarter of 2026. For fiscal 2027, the company projected organic Annual Subscription Value growth between 5.0% and 6.5% along with revenue between $2,600 million and $2,625 million. Additionally, FactSet forecast an adjusted operating margin between 34.75% and 35.25% and adjusted diluted earnings per share of $19.25 to $19.65.
The shares were trading at $270.50, up 4.6% from the previous close.
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What Is The Market Telling Us
FactSet’s shares are very volatile and have had 27 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 3 months ago when the stock gained 9.4% on the news that the company announced a new AI-powered analytics tool ahead of its upcoming third-quarter earnings report.
FactSet revealed the limited release of its Portfolio Analytics MCP, a tool designed to integrate widely used portfolio analytics into conversational AI workflows for investment teams. This product launch positions the company to capitalize on the growing demand for AI solutions in the financial markets. Adding to the positive sentiment, investors are anticipating the company's earnings results. Wall Street analysts expect FactSet to report revenues of approximately $617.2 million, a 5.4% increase from the same quarter in the previous year. Earnings are also projected to grow, with a consensus estimate of $4.44 per share, representing a 4% year-over-year rise.
FactSet is down 5.1% since the beginning of the year, and at $270.50 per share, it is trading 13.7% below its 52-week high of $313.55 from August 2026. Investors who bought $1,000 worth of FactSet’s shares 5 years ago would now be looking at only $685.21.
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