FDS 8-K — Smart Summary

FactSet Research Systems Inc. reported Q1 fiscal 2026 results (three months ended November 30, 2025) on December 18, 2025. GAAP revenues grew 6.9% year over year to $607.6 million, driven by institutional buy-side and dealmaker clients. The Company reaffirmed its full fiscal 2026 guidance and expanded its share repurchase authorization from $400 million to $1 billion.

• GAAP revenues: $607.6 million, up 6.9% YoY; organic revenues: $600.0 million, up 6.0% YoY
• GAAP operating income: $192.1 million, up 0.4% YoY; adjusted operating income: $220.1 million, up 3.0% YoY
• GAAP operating margin: 31.6%, down ~200 bps YoY; adjusted operating margin: 36.2%, down 137 bps YoY
• GAAP net income: $152.6 million, up 1.7% YoY; adjusted net income: $169.6 million, up 0.9% YoY
• GAAP diluted EPS: $4.06, up 4.4% YoY; adjusted diluted EPS: $4.51, up 3.2% YoY
• Adjusted EBITDA: $248.8 million, up 8.3% YoY
• Net cash provided by operating activities: $121.3 million, up 40.4% YoY; free cash flow: $90.4 million, up 49.5% YoY
• GAAP effective tax rate: 19.7% vs. 16.5% in Q1 FY2025, driven by stock-based compensation tax shortfall vs. prior year excess tax benefit

• Americas: Q1 revenues $396.2 million (vs. $367.2 million, +7.9% reported); organic revenue growth 6.5% YoY; organic ASV $1,556.5 million, up 6.4% YoY; total ASV $1,575.8 million
• EMEA: Q1 revenues $149.5 million (vs. $143.8 million, +4.0% reported); organic revenue growth 4.0% YoY; organic ASV $588.5 million, up 3.7% YoY; total ASV $591.0 million
• Asia Pacific: Q1 revenues $61.9 million (vs. $57.7 million, +7.3% reported); organic revenue growth 8.3% YoY; organic ASV $244.6 million, up 8.4% YoY; total ASV $244.3 million
• Total organic ASV: $2,389.6 million as of November 30, 2025, up 5.9% YoY; total ASV: $2,411.1 million; organic ASV increased $6.6 million over last three months

• Share repurchases: 478,100 shares repurchased for $139.9 million at average price of $292.61 during Q1 FY2026
• Remaining repurchase capacity as of November 30, 2025: $260.1 million; on December 16, 2025, Board approved additional $600 million in repurchase authority, bringing total authorization to $1 billion
• Quarterly dividend of $1.10 per share ($41.0 million total) paid December 18, 2025 to holders of record as of November 28, 2025
• Long-term debt: $1,368.7 million as of November 30, 2025 (vs. $1,368.3 million as of August 31, 2025)
• Cash and cash equivalents: $275.4 million as of November 30, 2025 (vs. $337.7 million as of August 31, 2025); total cash including restricted cash: $284.5 million

• "FactSet's strong start to the year underscores the quality of our data and products and the strategic role our platform and analytical services play across the financial ecosystem. We see significant opportunity ahead and are executing with urgency to deliver tangible results, with three clear priorities: driving commercial excellence, increasing productivity, and advancing our long-term strategy." — Sanoke Viswanathan, CEO
• "Our first quarter performance demonstrates the robustness of client demand and solid execution. We are investing thoughtfully in product and infrastructure to drive sustainable growth. At the same time, expanding our share repurchase authorization reinforces the conviction we have in our financial strength and the long-term value of our business." — Helen Shan, CFO

• Organic ASV growth expected in range of $100 million to $150 million for full fiscal 2026
• GAAP revenues expected in range of $2,423 million to $2,448 million for fiscal 2026
• GAAP operating margin expected in range of 29.5% to 31.0%; adjusted operating margin expected in range of 34.0% to 35.5%
• Annual effective tax rate expected in range of 18.0% to 19.0%
• GAAP diluted EPS expected in range of $14.55 to $15.25; adjusted diluted EPS expected in range of $16.90 to $17.60
• Full fiscal 2026 guidance originally provided September 18, 2025; reaffirmed as of December 18, 2025