Financial data provider FactSet (NYSE: FDS) beat Wall Street’s revenue expectations in Q2 CY2026, with sales up 6.4% year on year to $622.9 million. The company expects the full year’s revenue to be around $2.46 billion, close to analysts’ estimates. Its non-GAAP profit of $4.53 per share was 1.8% above analysts’ consensus estimates.
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FactSet (FDS) Q2 CY2026 Highlights:
- Revenue: $622.9 million vs analyst estimates of $616 million (6.4% year-on-year growth, 1.1% beat)
- Pre-tax Profit: $154.1 million (24.7% margin)
- Adjusted EPS: $4.53 vs analyst estimates of $4.45 (1.8% beat)
- The company reconfirmed its revenue guidance for the full year of $2.46 billion at the midpoint
- Management reiterated its full-year Adjusted EPS guidance of $17.50 at the midpoint
- Market Capitalization: $8.62 billion
Company Overview
Founded in 1978 when financial data was still primarily delivered through paper reports, FactSet (NYSE: FDS) provides financial data, analytics, and technology solutions that investment professionals use to research, analyze, and manage their portfolios.
Revenue Growth
Examining a company’s long-term performance can provide clues about its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Luckily, FactSet’s revenue grew at a decent 9.3% compounded annual growth rate over the last five years. Its growth was slightly above the average financials company and shows its offerings resonate with customers.
Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. FactSet’s recent performance shows its demand has slowed as its annualized revenue growth of 5.8% over the last two years was below its five-year trend. We’re wary when companies in the sector see decelerations in revenue growth, as it could signal changing consumer tastes aided by low switching costs. 
Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.
This quarter, FactSet reported year-on-year revenue growth of 6.4%, and its $622.9 million of revenue exceeded Wall Street’s estimates by 1.1%.
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Key Takeaways from FactSet’s Q2 Results
It was good to see FactSet narrowly top analysts’ revenue and EPS expectations this quarter. Looking ahead, the company reaffirmed its full-year revenue and EPS guidance, showing that the business is performing in line with management's prior expectations. Overall, this was a fine quarter. Still, the stock traded up 2.4% to $235.58 immediately after reporting.
So should you invest in FactSet right now? If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here (it’s free).
