Factset Research Systems (FDS) Q4 FY2026 earnings: revenue $635 million, up 6.3% on the year

Factset Research Systems Inc. (FDS) reported revenue of $635 million for Q4 FY2026, the quarter ended 31 August 2026, up 6.3% on the same quarter a year earlier. Net income was $121 million, down 21.1% on the year, and diluted earnings per share $3.41. The figures are the company's own, from the 10-K it filed with the SEC on 20 October 2026.

Revenue$635 millionup 6.3%

Net income$121 milliondown 21.1%

Diluted EPS$3.41

QuarterQ4 FY2026ended 31 August 2026

What management said

Guidance figures: 8 new.

Fourth-quarter revenue up 6.3%: GAAP revenues were $634.7 million, up 6.3%, and organic revenues were $635.5 million, up 7.1%, compared with $593.5 million a year earlier.
Fiscal 2027 expectations issued: Management issued fiscal 2027 expectations covering organic ASV growth, revenues, operating margins and diluted EPS.
Organic ASV rose $168.2 million: Organic ASV grew 7.0%, adding $168.2 million year over year. Reported ASV rose to $2,565.2 million from $2,405.6 million a year earlier.

Read the earnings call summary

The quarter, against the one before and a year earlier

Line	Q4 FY2026	Q3 FY2026	Q4 FY2025	Change on the year
Revenue	635	623	597	+6.3%
Cost of revenue	326	312	289	+13.0%
Gross profit	308	311	308	+0.1%
Gross margin	48.6%	49.9%	51.6%
Selling, general and administrative	152	144	131	+15.9%
Operating income	157	166	177	-11.7%
Operating margin	24.7%	26.7%	29.7%
Interest expense	14.4	13.8	12.9	+11.7%
Pre-tax income	144	154	189	-23.6%
Income tax	23.2	27.4	35.3	-34.2%
Effective tax rate	16.1%	17.8%	18.7%
Net income	121	127	154	-21.1%
Net margin	19.1%	20.3%	25.7%
Diluted EPS	$3.41	$3.50	$4.03	-15.4%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q4 FY2026	Q3 FY2026	Q4 FY2025	Change on the year
Operating cash flow	205	285	212	-3.5%
Capital expenditure	27.4	30.5	34.0	-19.3%
Free cash flow	177	254	178	-0.5%
Free cash flow margin	27.9%	40.8%	29.8%
Cash from investing	-63.1	-47.5	-23.4	n/a
Cash from financing	-196	-217	-208	n/a
Depreciation and amortisation	47.1	45.9	42.7	+10.3%
Share-based compensation	22.6	22.2	14.1	+60.3%
Buybacks	138	203	107	+29.4%
Dividends paid	41.5	40.3	41.6	-0.3%
Dividend per share	$1.16	$1.16	$1.10	+5.5%
Diluted shares, weighted	36m	36m	38m	-6.8%
Shares outstanding at period end	35m	36m	38m	-6.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q4 FY2026	Q3 FY2026	Q4 FY2025	Change on the year
Shareholders' equity	2,002	2,032	2,186	-8.4%
Debt	1,370	1,390	1,368	+0.1%
Operating lease liabilities	138	147	157	-12.1%
Other liabilities	630	623	592	+6.3%
Total liabilities and equity	4,140	4,192	4,304	-3.8%
Fixed assets	79.2	82.3	85.2	-7.0%
Goodwill	1,283	1,283	1,285	-0.1%
Intangible assets	1,850	1,868	1,916	-3.5%
Investments	32.0	16.1	17.4	+83.4%
Cash and equivalents	233	288	338	-30.9%
Receivables	299	290	271	+10.3%
Other assets	364	364	392	-7.2%
Total assets	4,140	4,192	4,304	-3.8%

Questions

What was Factset Research Systems' revenue in Q4 FY2026?

Factset Research Systems (FDS) reported revenue of $635 million for Q4 FY2026, the quarter ended 31 August 2026, up 6.3% on the same quarter a year earlier.

How much did Factset Research Systems earn in Q4 FY2026?

Net income for Q4 FY2026 was $121 million, down 21.1% on the year, and diluted earnings per share $3.41.

When did Factset Research Systems report Q4 FY2026 results?

Factset Research Systems filed its 10-K for the year that ended with the quarter on 20 October 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023 †	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *
Revenue	425	431	489	499	505	515	530	536	542	546	553	562	569	571	586	597	608	611	623	635
Cost of revenue	207	199	223	242	227	241	242	264	252	255	247	258	259	270	281	289	288	297	312	326
Gross profit	218	232	266	257	278	274	288	272	291	291	306	304	310	301	305	308	320	314	311	308
Gross margin	51%	54%	54%	52%	55%	53%	54%	51%	54%	53%	55%	54%	54%	53%	52%	52%	53%	51%	50%	49%
SG&A	94.9	108	120	110	106	105	116	131	102	109	103	173	119	116	111	131	128	129	144	152
Operating income	123	123	97.3	132	172	169	172	116	189	182	202	128	191	185	194	177	192	185	166	157
Operating margin	29%	29%	20%	26%	34%	33%	32%	22%	35%	33%	37%	23%	34%	33%	33%	30%	32%	30%	27%	25%
Interest expense	1.9	1.9	16.2	15.7	16.5	16.7	16.4	16.7	16.7	16.6	16.9	15.5	14.4	13.9	15.1	12.9	13.4	13.1	13.8	14.4
Pre-tax income	120	122	85.3	116	158	157	162	107	175	169	191	117	180	172	180	189	190	161	154	144
Tax rate	10%	10%	12%	10%	13%	16%	17%	39%	15%	16%	17%	24%	17%	16%	17%	19%	20%	17%	18%	16%
Net income	108	110	74.9	104	137	132	135	65.1	149	141	158	89.5	150	145	149	154	153	133	127	121
Net margin	25%	26%	15%	21%	27%	26%	25%	12%	27%	26%	29%	16%	26%	25%	25%	26%	25%	22%	20%	19%
Diluted EPS	$2.79	$2.84	$1.93	$2.69	$3.52	$3.38	$3.46	$1.68	$3.84	$3.65	$4.09	$2.32	$3.89	$3.76	$3.87	$4.03	$4.06	$3.59	$3.50	$3.41
Operating cash flow	72.9	122	192	151	107	165	219	156	155	144	238	163	86.4	174	254	212	121	212	285	205
Capital expenditure	8.6	12.0	15.4	15.2	18.0	17.5	26.0	n/a	16.5	21.9	21.3	26.0	25.9	23.7	25.2	34.0	30.8	26.0	30.5	27.4
Free cash flow	64.3	110	177	136	88.7	147	193	n/a	139	122	217	137	60.5	150	229	178	90.4	186	254	177
Buybacks	18.6	0.0	0.0	0.0	0.0	0.0	67.1	110	59.9	52.3	59.8	63.3	48.8	64.4	80.7	107	140	163	203	138
Dividends paid	30.7	30.8	30.9	33.6	33.7	33.8	33.9	37.2	37.1	37.1	37.2	39.4	39.2	39.6	39.5	41.6	41.4	41.0	40.3	41.5
Shares outstanding	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	38m	37m	37m	36m	35m
Filing	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 August 2026, filed 20 October 2026: the filing.