Analyst Consensus ?
ConsensusHold30 ratings
Bullish310.0%
Neutral2066.7%
Bearish723.3%
FactSet Research Systems Inc. · FDS · FY2025 Q1 · Calendar Q4 2024
FactSet Maintains FY2025 View as AI Pipeline Builds
The current analysis supports a cautiously constructive view: high retention, a multi-year pipeline, and new AI products provide potential growth drivers, but flat client budgets, execution requirements, and higher technology spending temper confidence in the pace and profitability of that growth.
Reported Before market openNYSEFinancial Services
$10.78B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $4.25
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $565.0M
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+3.5%
Event window
SPY move
-0.0%
Same window
Abnormal move
+3.6%
Stock minus SPY
Volume
2.6×
Versus trailing sessions
Subsequent drift
-5.1%
Up to 20 sessions
FDSSPY benchmark
Ask FN2 about FDS FY2025 Q1
Transcript, numbers and history already loaded
What drove FDS's +3.5% move after FY2025 Q1 earnings?What changed in FDS's guidance and outlook in FY2025 Q1?Give me the bull and bear case for FDS after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current call adds more detail on the rollout of Pitch Creator and FactSet Mercury, highlights ON and the JPMorgan Security Services partnership, and continues to frame growth as second-half weighted. Guidance remained maintained, while budget pressure, margin risk, and AI monetization remain unresolved.
Guidance delta
Management maintained FY2025 guidance and said growth is expected to be weighted toward the second half.
Key takeaways
- Management described a solid fiscal Q1, with organic ASV growth and adjusted EPS supported by high client retention.
- The current call emphasized a strong multi-year pipeline, Pitch Creator, FactSet Mercury, and additional GenAI workflow products.
- ON and a JPMorgan Security Services partnership broaden the company’s investor-relations and managed-services offering.
- Flat client budgets and rising technology investment remain the main offsets to the growth narrative.
Management priorities
- Commercialize Pitch Creator, FactSet Mercury, and additional GenAI workflow products.
- Expand managed services and investor-relations workflows.
- Convert the multi-year pipeline and RFP activity across wealth, private equity, hedge funds, and other client segments.
- Continue strategic acquisitions and partnerships that fill product or service gaps.
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Analyst 52W Price Targets
$303.21Current
$215Low
$333.21Average
$521High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BMO Capital | Market Perform | Market Perform | Maintain | Oct 13, 2026 |
| Wells Fargo | Underweight | Underweight | Maintain | Oct 1, 2026 |
| Stifel | Hold | Hold | Maintain | Oct 1, 2026 |
| Deutsche Bank | Hold | Hold | Maintain | Sep 11, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 10, 2026 |
| William Blair | Outperform | Market Perform | Upgrade | Sep 8, 2026 |
| Barclays | Underweight | Underweight | Maintain | Sep 8, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Aug 27, 2026 |
| Wolfe Research | Underperform | Underperform | Maintain | Jul 2, 2026 |
| UBS | Buy | Buy | Maintain | Jul 2, 2026 |
| Jefferies | Hold | Hold | Maintain | Jul 2, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Jul 2, 2026 |
| B of A Securities | Underperform | Underperform | Maintain | Jul 2, 2026 |
| Goldman Sachs | Sell | Sell | Maintain | Apr 1, 2026 |
| Rothschild & Co | Neutral | Sell | Upgrade | Sep 12, 2025 |
| Raymond James | Market Perform | Underperform | Upgrade | Jun 26, 2025 |
| Redburn Atlantic | Sell | Neutral | Downgrade | Oct 9, 2024 |
| Oppenheimer | Perform | Perform | Maintain | Mar 22, 2024 |
| Redburn Partners | Neutral | Sell | Upgrade | Mar 28, 2023 |
| Credit Suisse | Outperform | Neutral | Upgrade | Jan 12, 2023 |
| Cantor Fitzgerald | Neutral | Neutral | Maintain | Mar 27, 2020 |
| Stifel Nicolaus | Hold | Hold | Maintain | Sep 27, 2019 |
| Bank of America | Underperform | Neutral | Downgrade | Sep 27, 2019 |
| DA Davidson | Neutral | Neutral | Maintain | Jun 17, 2019 |
| Northcoast Research | Neutral | Buy | Downgrade | Dec 5, 2017 |
| Piper Sandler | Neutral | Neutral | Maintain | Jun 17, 2015 |
| BTIG Research | Neutral | Sell | Upgrade | Jun 17, 2015 |
| BTIG | Neutral | Sell | Upgrade | Jun 17, 2015 |
| PiperJaffray | Neutral | Overweight | Downgrade | Sep 17, 2014 |
| JP Morgan | Neutral | Neutral | Maintain | Mar 14, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $303.21. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Deutsche Bank | Faiza Alwy | $301 | $277.25 | -0.7% | Oct 1, 2026 |
| Wells Fargo | Analyst unavailable | $250 | $269.95 | -17.5% | Oct 1, 2026 |
| BMO Capital | Jeffrey Silber | $300 | $269.95 | -1.1% | Oct 1, 2026 |
| UBS | Analyst unavailable | $237 | $269.95 | -21.8% | Sep 30, 2026 |
| Deutsche Bank | Analyst unavailable | $299 | $259.61 | -1.4% | Sep 11, 2026 |
| Morgan Stanley | Analyst unavailable | $300 | $280.88 | -1.1% | Sep 10, 2026 |
| UBS | Analyst unavailable | $304 | $302.07 | +0.3% | Aug 27, 2026 |
| Barclays | Analyst unavailable | $216 | $250.09 | -28.8% | Jul 6, 2026 |
| Jefferies | Analyst unavailable | $253 | $249.66 | -16.6% | Jul 2, 2026 |
| Deutsche Bank | Analyst unavailable | $280 | $247.25 | -7.7% | Jul 2, 2026 |
| UBS | Alex Kramm | $340 | $247.47 | +12.1% | Jul 2, 2026 |
| Evercore ISI | Analyst unavailable | $275 | $247.99 | -9.3% | Jul 2, 2026 |
| BMO Capital | Analyst unavailable | $275 | $245.55 | -9.3% | Jul 2, 2026 |
| UBS | Analyst unavailable | $230 | $245.55 | -24.1% | Jul 2, 2026 |
| Wells Fargo | Analyst unavailable | $210 | $245.55 | -30.7% | Jul 2, 2026 |
| Wolfe Research | Analyst unavailable | $240 | $245.55 | -20.8% | Jul 1, 2026 |
| Stifel Nicolaus | Analyst unavailable | $254 | $245.55 | -16.2% | Jul 1, 2026 |
| Redburn Partners | Analyst unavailable | $215 | $228.3 | -29.1% | Jun 18, 2026 |
| RBC Capital | Ashish Sabadra | $240 | $230.92 | -20.8% | May 27, 2026 |
| Barclays | Analyst unavailable | $210 | $195.05 | -30.7% | Feb 23, 2026 |
| Wells Fargo | Analyst unavailable | $215 | $222.62 | -29.1% | Feb 4, 2026 |
| Evercore ISI | Analyst unavailable | $321 | $295.8 | +5.9% | Jan 8, 2026 |
| BMO Capital | Jeffrey Silber | $305 | $288.54 | +0.6% | Dec 22, 2025 |
| Stifel Nicolaus | Analyst unavailable | $295 | $273.39 | -2.7% | Dec 19, 2025 |
| Goldman Sachs | Analyst unavailable | $253 | $273.39 | -16.6% | Dec 19, 2025 |
| Jefferies | Surinder Thind | $305 | $273.39 | +0.6% | Dec 19, 2025 |
| Morgan Stanley | Toni Kaplan | $307 | $293 | +1.2% | Dec 17, 2025 |
| Wolfe Research | Scott Wurtzel | $290 | $277.94 | -4.4% | Nov 14, 2025 |
| BMO Capital | Jeffrey Silber | $324 | $301.23 | +6.9% | Sep 19, 2025 |
| Morgan Stanley | Toni Kaplan | $293 | $301.23 | -3.4% | Sep 19, 2025 |
| Barclays | Manav Patnaik | $300 | $301.23 | -1.1% | Sep 19, 2025 |
| Wells Fargo | Analyst unavailable | $296 | $301.23 | -2.4% | Sep 18, 2025 |
| Evercore ISI | Analyst unavailable | $394 | $361.76 | +29.9% | Sep 10, 2025 |
| UBS | Analyst unavailable | $452 | $437.6 | +49.1% | Jun 24, 2025 |
| UBS | Analyst unavailable | $393 | $437.6 | +29.6% | Jun 24, 2025 |
| Wells Fargo | Analyst unavailable | $405 | $437.6 | +33.6% | Jun 24, 2025 |
| UBS | Analyst unavailable | $466 | $432.11 | +53.7% | Mar 24, 2025 |
| UBS | Analyst unavailable | $390 | $432.86 | +28.6% | Mar 21, 2025 |
| Wells Fargo | Analyst unavailable | $450 | $440.73 | +48.4% | Mar 7, 2025 |
| BMO Capital | Jeff Silber | $521 | $483.69 | +71.8% | Nov 15, 2024 |
| Evercore ISI | David Motemeden | $470 | $454.98 | +55.0% | Oct 1, 2024 |
| RBC Capital | Ashish Sabadra | $503 | $469.48 | +65.9% | Sep 20, 2024 |
| Wells Fargo | Jason Hass | $503 | $469.48 | +65.9% | Sep 20, 2024 |
| BMO Capital | Jeff Silber | $440 | $457.8 | +45.1% | Sep 19, 2024 |
| Wolfe Research | Scott Wurtzel | $410 | $458.65 | +35.2% | Sep 19, 2024 |
| Wells Fargo | Jason Haas | $435 | $397.04 | +43.5% | Aug 12, 2024 |
| Barclays | Manav Patnaik | $390 | $416.14 | +28.6% | Jul 23, 2024 |
| UBS | Alex Kramm | $455 | $434.34 | +50.1% | Jun 24, 2024 |
| UBS | Ashish Sabadra | $464 | $434.72 | +53.0% | Jun 24, 2024 |
| Deutsche Bank | Faiza Alwy | $461 | $434.97 | +52.0% | Jun 24, 2024 |
| Morgan Stanley | Toni Kaplan | $355 | $423.73 | +17.1% | Jun 23, 2024 |
| Stifel Nicolaus | Shlomo Rosenbaum | $469 | $408.35 | +54.7% | Jun 21, 2024 |
| Morgan Stanley | Toni Kaplan | $350 | $404.26 | +15.4% | Jun 3, 2024 |
| Wolfe Research | Scott Wurtzel | $430 | $428.67 | +41.8% | Apr 11, 2024 |
| BMO Capital | Jeff Silber | $458 | $447.46 | +51.1% | Mar 22, 2024 |
| Barclays | Manav Patnaik | $460 | $450.66 | +51.7% | Mar 21, 2024 |
| RBC Capital | Ashish Sabadra | $464 | $459.1 | +53.0% | Dec 18, 2023 |
| Barclays | Manav Patnaik | $520 | $423.34 | +71.5% | Jun 22, 2023 |
| Credit Suisse | Analyst unavailable | $500 | $412.82 | +64.9% | Jan 12, 2023 |
| Deutsche Bank | Analyst unavailable | $477 | $403.76 | +57.3% | Dec 21, 2022 |
| Deutsche Bank | Analyst unavailable | $483 | $394.75 | +59.3% | Sep 23, 2022 |
| RBC Capital | Analyst unavailable | $500 | $452.85 | +64.9% | Aug 18, 2022 |
| RBC Capital | Ashish Sabadra | $475 | $391.15 | +56.7% | Jun 28, 2022 |
| Stifel Nicolaus | Shlomo Rosenbaum | $394 | $391.15 | +29.9% | Jun 28, 2022 |
| Deutsche Bank | Faiza Alwy | $418 | $391.15 | +37.9% | Jun 28, 2022 |
| Barclays | Manav Patnaik | $440 | $391.15 | +45.1% | Jun 28, 2022 |
| Deutsche Bank | Faiza Alwy | $402 | $348.71 | +32.6% | Jun 17, 2022 |
| RBC Capital | Ashish Sabadra | $525 | $432.14 | +73.1% | Apr 11, 2022 |
| Stifel Nicolaus | Shlomo Rosenbaum | $432 | $429.12 | +42.5% | Apr 2, 2022 |
| Goldman Sachs | George Tong | $351 | $473.84 | +15.8% | Dec 21, 2021 |
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Start freeCompany context
Snapshot as of publicationFactSet Research Systems Inc. is a financial intelligence firm providing a comprehensive suite of integrated data and analytical software. The company serves the global investment community, with its operations spanning the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. FactSet delivers critical insights and information through specialized workflow solutions covering research, analytics, and trading, complemented by its content, technology platforms, and wealth management resources. Its diverse clientele includes portfolio managers, investment banks, asset managers, wealth advisors, corporate entities, and various other financial sector organizations. FactSet was established in 1978 and is headquartered in Norwalk, Connecticut.
Historical context
All FDS earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FITB Fifth Third Bancorp | FY2026 Q3 · Calendar Q4 2026 | — | +0.8% | Fifth Third completes Comerica integration as deposits and PPNR grow |
| IBN ICICI Bank Limited | FY2027 Q2 · Calendar Q4 2026 | +1.0% | — | ICICI Bank sustains strong growth, but funding weighs on margins |
| HDB HDFC Bank Limited | FY2027 Q2 · Calendar Q4 2026 | -2.0% | — | HDFC Bank: Strong deposits and asset quality, margins under pressure |
| MTB-PH M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T Bank: Loan Growth Holds Up as Rates Pressure Margins |
| MTB-PJ M&T Bank Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.2% | — | M&T: Deposit growth supports margins as AI use expands |
| RF-PE Regions Financial Corporation | FY2026 Q3 · Calendar Q4 2026 | +10.3% | — | Regions Financial: Fee Growth and Credit Quality Support Q3 |
Latest beats and misses
Who reports nextBeat on EPS
Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-12-05T00:03:44.862429+00:00
- Polygon adjusted daily market bars · 2026-10-20T03:50:43.204582+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T03:50:43.201783+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.