FactSet Research Systems Inc. · FDS · Next earnings

FactSet Research Systems Inc. reports Wednesday, Sep 30, 2026

FDS reports before market open with consensus EPS at $4.35 and revenue at $629.7M. Last quarter: FactSet Q3 FY2026: AI-Driven ASV Growth Accelerates as Margins Absorb Strategic Investment

Reports Before market open10 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $4.35 Calendar consensus
Consensus revenue $629.7M Calendar consensus
Report date Sep 30, 2026 Wednesday, date estimated
Session Before market open 10 days away

Where FDS left off: FY2026 Q3

Full report

FactSet Q3 FY2026: AI-Driven ASV Growth Accelerates as Margins Absorb Strategic Investment

EPS surprise +2.0% Reported $4.53 vs $4.44
Revenue surprise +0.8% Reported $622.9M vs $617.9M
Stock move +6.7% Event window
Subsequent drift +7.1% Up to 20 sessions

Management maintained full-year FY2026 guidance for ASV, revenue, and EPS, following the raise issued in Q2 across all three metrics. The maintained stance — rather than a further raise — reflects deliberate near-term investment spending and conservative revenue-recognition timing for AI-related bookings. The prior quarter had raised guidance for ASV, revenue, and EPS while leaving operating-margin guidance unchanged.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher performance-based compensation expenses compressing margins in the near term.
  • Rising token costs and technology spending pressuring operating income as AI usage scales.
  • FX hedging volatility caused a 60-basis-point margin drag in the quarter.
  • Timing risk of AI-related bookings could impact near-term revenue recognition.
  • Dependence on sustained AI adoption and the ability to monetize consumption-based models.

Questions analysts left open

  • Q4 guidance moderation — whether it reflects conservatism or underlying operational headwinds.
  • AI monetization strategy specifics, including pricing of AI usage and token economics.
  • Margin trajectory and the impact of one-time items such as FX hedge losses and token spend.
  • Potential price compression risk in longer-term contracts as scale grows.
  • Payback period for recent AI-related capital investments.

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Recent FDS quarters

All FDS earnings
+6.7%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.