FDS earnings analysis
What we found in FDS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
FactSet Research Systems Inc. reported a strong Q3 2026 with a revenue of $622.9 million, up 6.4% from the previous year, driven primarily by organic growth. However, diluted EPS fell to $3.50, a decrease of 9.6% year over year due to increased operating expenses and lower net income, which was $126.7 million, down 14.7% compared to the prior year.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 6.4%
- Total revenue increased to $622.9 million, compared to $585.5 million in Q3 2025.
- Adjusted EPS Beat Expectations
- Reported EPS of $4.53 exceeded estimates of $4.45, reflecting a 6.1% year-over-year growth.
- Operating Margin Decline
- Despite revenue growth, operating margin dropped to 26.7% from 33.2% in the prior year.
- Strong Free Cash Flow
- Free cash flow for the quarter totaled $530.2 million, a significant increase from $439.3 million year-on-year.
- Segment Performance
- Americas segment revenue grew 7.0% to $407.2 million, leading among regions.
- Stockholder Returns
- Returned $243.4 million to stockholders through dividends and share repurchases.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Higher Operating Expenses
- Operating expenses rose 16.7% to $456.6 million due to increased employee compensation.
- Decreased Net Income
- Net income declined 14.7% to $126.7 million, affecting overall profitability.
- Decline in Operating Income
- Operating income dropped 14.3% to $166.3 million, primarily from rising costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $4.53
- Gross margin
- 52.2%
- Operating margin
- 26.7%
- Segment
- Americas: $407.2M
- Segment
- EMEA: $151.9M
- Segment
- Asia Pacific: $63.7M
What they said about what is next.
Fiscal 2026 guidance reaffirmed with no changes.
The filing reads about the same as the one before it.
What came before.
- 10-Q · April 2, 2026
- FactSet delivered revenue of $611,019 (in thousands) in the quarter, up 7.1% year-over-year from $570,660 (in thousands), but reported margin compression (gross margin 51.4% and operating margin 30.3%) and diluted EPS…
- 10-Q · July 3, 2025
- FactSet reported quarterly revenue of $585,520 (in thousands) for the three months ended May 31, 2025, up from $552,708 (in thousands) a year earlier, while gross margin and operating margin compressed and diluted EPS…
- 10-Q · April 3, 2024
- In Q2 2024, FactSet reported revenues of $545.9 million, marking a 5.9% increase year-over-year. Gross margin returned to 53.3%, while diluted EPS improved to $3.65. The Americas segment drove growth with revenue of…
- 10-Q · July 3, 2023
- FactSet reported quarter revenue of $529,811,000 (up $41,060,000 or +8.4% vs. $488,751,000 a year ago) and diluted EPS of $3.46 (up from $1.93). Operating income rose to $171,959,000 (+$74,705,000; +76.8% YoY) driven by…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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