FDS 8-K — Smart Summary

FactSet Research Systems Inc. filed an 8-K on March 31, 2026, reporting results for its second quarter fiscal 2026 ended February 28, 2026. GAAP revenues grew 7.1% year over year to $611.0 million, while organic ASV reached $2,449.1 million, up 6.7% year over year. The Company also updated its fiscal 2026 full-year guidance, raising organic ASV growth, revenue, and EPS expectations.

• GAAP revenues: $611.0M, up 7.1% YoY ($570.7M in Q2 2025); organic revenues $606.2M, up 6.8% YoY
• GAAP operating income: $184.96M, down 0.3% YoY; adjusted operating income: $214.1M, up 0.7% YoY
• GAAP operating margin: 30.3%, down ~220 bps YoY; adjusted operating margin: 35.0%, down 230 bps YoY
• GAAP net income: $133.1M, down 8.1% YoY; adjusted net income: $165.3M, up 0.2% YoY
• GAAP diluted EPS: $3.59, down 4.5% YoY; adjusted diluted EPS: $4.46, up 4.2% YoY
• Adjusted EBITDA: $233.2M, up 3.8% YoY; EBITDA: $217.9M, down 3.0% YoY
• Net cash provided by operating activities (Q2): $211.7M, up 21.7% YoY; free cash flow: $185.7M, up 23.6% YoY (six-month operating cash flow: $333.0M vs. $260.3M prior year)
• GAAP effective tax rate: 17.4% vs. 15.9% in Q2 2025

• Americas: Q2 revenues $399.7M (vs. $369.7M prior year); organic revenue growth 7.4% YoY; organic ASV $1,605.8M, up 7.0% YoY
• EMEA: Q2 revenues $149.1M (vs. $143.4M prior year); organic revenue growth 4.0% YoY; organic ASV $594.2M, up 4.3% YoY
• Asia Pacific: Q2 revenues $62.2M (vs. $57.6M prior year); organic revenue growth 9.7% YoY; organic ASV $249.1M, up 10.0% YoY
• Total organic ASV: $2,449.1M as of February 28, 2026, up 6.7% YoY; increased $38.0M over the last three months
• Revenue growth driven by institutional buy-side and wealth management clients

• Share repurchases: 651,750 shares repurchased for $163.0M at an average price of $250.14 during Q2 fiscal 2026; $697.1M remaining under repurchase program as of February 28, 2026
• Six-month total repurchases: $302.9M (vs. $113.1M in prior year six-month period)
• Quarterly dividend of $1.10 per share ($40.3M total) paid March 19, 2026, to holders of record as of February 27, 2026
• Cash and cash equivalents: $268.3M as of February 28, 2026 (vs. $337.7M at August 31, 2025)
• Long-term debt: $1,369.2M as of February 28, 2026 (vs. $1,368.3M at August 31, 2025)
• Total stockholders' equity: $2,129.1M as of February 28, 2026 (vs. $2,186.4M at August 31, 2025)

• "FactSet delivered another quarter of accelerating growth, driven by the strength of our data, the depth of our workflow integration, and the trust our clients place in us to run their most critical processes. In light of continued momentum across the business, we are raising our growth outlook for the year and remain focused on disciplined execution and targeted investments to expand our opportunity and strengthen operating leverage over time." — Sanoke Viswanathan, CEO
• "We achieved a strong second quarter with accelerating ASV and revenue growth, while our increased buyback activity capitalized on valuation opportunities to enhance shareholder value. We are encouraged by early AI contributions—both in new client engagement and operational benefits—positioning us well for sustained growth for the fiscal year." — Helen Shan, CFO

• Organic ASV expected to grow $130M–$160M in fiscal 2026 (approx. 5.4%–6.7%), raised from prior $100M–$150M
• GAAP revenues expected in the range of $2,450M–$2,470M (raised from $2,423M–$2,448M)
• GAAP operating margin expected in the range of 29.5%–31.0% (unchanged)
• Adjusted operating margin expected in the range of 34.0%–35.5% (unchanged)
• GAAP diluted EPS expected in the range of $14.85–$15.35 (raised from $14.55–$15.25)
• Adjusted diluted EPS expected in the range of $17.25–$17.75 (raised from $16.90–$17.60)
• Annual effective tax rate expected in the range of 18.0%–19.0% (unchanged)