Form 8-K

8-K — FACTSET RESEARCH SYSTEMS INC

Accession: 0001628280-26-046338

Filed: 2026-07-01

Period: 2026-07-01

CIK: 0001013237

SIC: 7370 (SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — fds-20260701.htm (Primary)

EX-99.1 (fdsq32026earningsrelease.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: fds-20260701.htm · Sequence: 1

fds-20260701

0001013237FALSE00010132372026-07-012026-07-010001013237fds:CommonStock2Member2026-07-012026-07-010001013237fds:CommonStock1Member2026-07-012026-07-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 1, 2026

FactSet Research Systems Inc.

(Exact name of registrant as specified in its charter)

Delaware

1-11869

13-3362547

(State or other jurisdiction of

(Commission

(I.R.S. Employer

incorporation)

File Number)

Identification No.)

45 Glover Avenue

Norwalk, Connecticut 06850

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (203) 810-1000

Former name or former address, if changed since last report: None

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbols(s) Name of each exchange on which registered

Common Stock, $0.01 Par Value FDS

New York Stock Exchange LLC

The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On July 1, 2026, FactSet Research Systems Inc. ("FactSet" or the "Company") issued a press release announcing its results for the three months ended May 31, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated by reference herein. The information furnished pursuant to this Item 2.02 (Results of Operations and Financial Condition), including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.

Description

99.1

Press Release of FactSet Research Systems Inc., dated July 1, 2026, announcing its results for the three months ended May 31, 2026

104 Cover page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

FACTSET RESEARCH SYSTEMS INC.

(Registrant)

July 1, 2026

By:

/s/ JOSHUA WARREN

Joshua Warren

Executive Vice President, Chief Financial Officer

(Principal Financial Officer)

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Document

FactSet Reports Results for Third Quarter 2026

Continued ASV acceleration and expanding product capabilities

highlight FactSet's strong execution and momentum

NORWALK, Conn., July 1, 2026 - FactSet (NYSE:FDS) (NASDAQ:FDS), a leading global data and AI solutions provider to the financial markets, today announced results for its third quarter fiscal 2026 ended May 31, 2026.

Q3 2026 Highlights

•Accelerating growth: GAAP revenues grew 6.4% year over year to $622.9 million, with organic revenues up 7.0%. Organic ASV reached $2,485.6 million, up 7.1% year over year.

•Commercial excellence: Enterprise relationships deepened, with Q3 renewals extending in length by 30% on average and annual ASV retention remaining above 95%.

•AI momentum: More than 90% of FactSet's Top 50 clients now use four or more AI products. New partnerships with Google Cloud, Finster AI, and TIFIN.AI, alongside FactSet's MCP server, are broadening adoption of AI-ready solutions, positioning FactSet as the trusted partner powering next-generation financial workflows.

•Leadership strengthened: Joshua B. Warren appointed as Chief Financial Officer, bringing deep experience across asset management, financial technology, and capital markets.

•Strong capital returns: FactSet returned more than $243 million to shareholders in Q3, while marking its twenty-seventh consecutive year of dividend increases. Fiscal year-to-date, total capital returned reached $629 million.

"FactSet's strong third quarter results reflect solid execution against our strategic priorities and continued demand for our differentiated content, analytics, and workflow solutions. Clients are choosing FactSet to power critical workflows and informed decision-making, driving a robust pipeline and accelerating enterprise contracts.

"Across regions and firm types, clients are expanding their relationships with FactSet and actively adopting our AI solutions, reinforcing our confidence in FactSet's sustained growth and long-term value." - Sanoke Viswanathan, CEO

Key Financial Measures*

(Condensed and Unaudited) Three Months Ended

May 31,

(Results in thousands, except per share data) 2026 2025 Change

Revenues $ 622,918 $ 585,520 6.4 %

Organic revenues $ 622,866 $ 582,224 7.0 %

Operating income $ 166,301 $ 194,155 (14.3) %

Adjusted operating income $ 211,752 $ 215,313 (1.7) %

Operating margin 26.7 % 33.2 %

Adjusted operating margin 34.0 % 36.8 %

Net income $ 126,718 $ 148,542 (14.7) %

Adjusted net income $ 163,769 $ 163,921 (0.1) %

Adjusted EBITDA $ 220,165 $ 235,915 (6.7) %

Diluted EPS $ 3.50 $ 3.87 (9.6) %

Adjusted diluted EPS $ 4.53 $ 4.27 6.1 %

* See reconciliation of U.S. GAAP to adjusted key financial measures in the back of this press release.

Third Quarter Fiscal 2026 Highlights

•GAAP revenues increased 6.4% or $37.4 million to $622.9 million compared with $585.5 million in the prior year period.

•Organic revenues grew 7.0% year over year to $622.9 million. Growth in GAAP and organic revenues this quarter was driven by institutional buy-side and wealth management clients.

•Annual Subscription Value ("ASV") was $2,484.3 million at May 31, 2026.

•Organic ASV was $2,485.6 million at May 31, 2026, up 7.1% or $165.0 million year over year. Over the last three months, organic ASV increased $35.4 million.

•GAAP operating margin was 26.7% compared with 33.2% in the prior year period, primarily due to higher employee compensation costs, including one-time charges and CEO compensation costs not incurred in the prior year.

•Adjusted operating margin, which excludes acquisition-related intangible asset amortization and non-recurring items, was 34.0% compared with 36.8% in the prior year period, mainly due to higher compensation and technology-related expenses.

•GAAP diluted EPS was $3.50 compared with $3.87 for the same period in fiscal 2025, mainly driven by higher operating expenses including non-recurring items, partially offset by growth in revenues and a 6% lower share count.

•Adjusted diluted EPS increased 6.1% to $4.53 compared with $4.27 in the prior year period, driven by growth in revenues and a lower share count.

•Net cash provided by operating activities was $284.5 million for the third quarter of fiscal 2026, an increase of 12.1% compared with the prior year period.

•Free cash flow was $254.0 million for the third quarter of fiscal 2026, an increase of 11.1% compared with the prior year period.

•GAAP effective tax rate increased to 17.8% compared with 17.5% for the prior year period primarily due to the limitation on the deductibility of executive compensation.

Operational Highlights – Third Quarter Fiscal 2026

•FactSet appointed Joshua B. Warren as Chief Financial Officer, effective April 13, 2026. Warren most recently served as CFO of Envestnet and previously held senior strategy roles at BlackRock.

•FactSet's Commercial Excellence initiatives continued to deepen client relationships. In Q3, enterprise renewals extended in length by 30% on average and annual ASV retention remained above 95%.

•Client adoption continued to broaden. As of quarter end, 90%+ of the Top 50 clients use four or more FactSet AI products.

•FactSet advanced its AI partnership ecosystem through Google Cloud, Finster AI, and TIFIN.AI, extending AI-enabled workflows across investment banking, wealth management, and enterprise financial intelligence.

•FactSet strengthened its portfolio and private markets workflow capabilities through partnerships with J.P. Morgan and Valutico, giving clients more integrated tools for whole portfolio analytics and private capital valuation.

•FactSet returned $243.4 million to shareholders in Q3, including $203.1 million in share repurchases and $40.3 million in dividends. Fiscal year-to-date, the Company has deployed $628.7 million to shareholders through dividends and share repurchases. FactSet also increased its quarterly dividend by $0.06 to $1.16 per share, marking the twenty-seventh consecutive year the Company has increased dividends on a stock split-adjusted basis.

Annual Subscription Value (ASV)

ASV at any given point in time represents the forward-looking revenues for the next 12 months from all subscription services currently supplied to clients. Organic ASV at any point in time equals our ASV excluding ASV from acquisitions and the comparable impact of dispositions and discontinued lines of business effected within the last 12 months and the impact of foreign currency movements.

ASV was $2,484.3 million at May 31, 2026, compared with $2,335.1 million at May 31, 2025. Organic ASV was $2,485.6 million at May 31, 2026, up $165.0 million from the prior year, for a growth rate of 7.1%. Organic ASV increased $35.4 million over the last three months.

Segment Revenues and ASV

(Results in millions) May 31, 2026

ASV May 31, 2025

ASV May 31, 2026 Organic ASV Organic ASV

Growth Q3 FY26 Revenues Q3 FY25

Revenues Organic Revenues Growth

Americas

$1,621.0

$1,513.1

$1,621.0

7.2%

$407.2

$380.5

7.0%

EMEA

$608.1

$581.9

$608.7

5.6%

$152.0

$145.7

5.3%

APAC

$255.2

$240.1

$255.9

10.0%

$63.7

$59.3

10.5%

Share Repurchase Program

FactSet repurchased 926,370 shares of its common stock for $203.1 million at an average price of $219.21 during the third quarter of fiscal 2026 under the Company’s share repurchase program. As of May 31, 2026, $494.0 million remained available for share repurchases under this program.

Annual Business Outlook

FactSet reaffirms its outlook for fiscal 2026 provided on March 31, 2026. The following forward-looking statements reflect FactSet's expectations as of today's date. Given the risk factors, uncertainties, and assumptions discussed below, actual results may differ materially. FactSet does not intend to update its forward-looking statements prior to its next quarterly results announcement.

Reaffirmed Fiscal 2026 Expectations:

Metric Fiscal 2026 Guidance

Organic ASV growth

$130 million - $160 million

GAAP revenues

$2,450 million - $2,470 million

GAAP operating margin

29.5% - 31.0%

Adjusted operating margin

34.0% - 35.5%

Annual effective tax rate

18.0% - 19.0%

GAAP diluted EPS

$14.85 - $15.35

Adjusted diluted EPS

$17.25 - $17.75

Adjusted operating margin and adjusted diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2026. Please see the back of this press release for a reconciliation of GAAP to adjusted metrics.

Conference Call

Third Quarter 2026 Conference Call Details

Date: Wednesday, July 1, 2026

Time: 9:00 a.m. Eastern Time

Participant Registration: FactSet Q3 2026 Earnings Call Registration

Please register for the conference call using the above link in advance of the call start time. Upon registration, you will receive dial-in information and a unique access PIN. The earnings presentation will be available on FactSet’s Investor Relations website at 8:30 a.m. Eastern Time on July 1, 2026, 30 minutes before the earnings call begins.

A replay will be available on the Investor Relations website after 1:00 p.m. Eastern Time on July 1, 2026, and will remain accessible through July 1, 2027. A transcript of the earnings call will be available via FactSet CallStreet.

Forward-looking Statements

This press release contains forward-looking statements based on management's current expectations, estimates, forecasts and projections about future events, trends, contingencies, and circumstances, industries in which FactSet operates and the beliefs and assumptions of management. All statements that address expectations, guidance, outlook or projections about the future, including statements about the Company's strategy, product development, revenues, future financial results, anticipated growth, market position, subscriptions, expected expenditures or investments, trends in FactSet’s business and financial results, are forward-looking statements. Forward-looking statements may be identified by words like "may," "might," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "intends," "projects," "indicates," "predicts," "potential," or "continue," the negative of those terms, and similar expressions. Forward-looking statements are not guarantees of future performance, outcomes, events, or actions and involve a number of known and unknown risks, uncertainties, and assumptions. Many factors, including those discussed more fully elsewhere in this release and in FactSet's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, including Item 1A, Risk Factors, and quarterly reports on Form 10-Q, as well as others, could cause results, performance, achievements, or activities to differ materially from those expressed or implied by the forward-looking statements. Accordingly, the Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. FactSet assumes no duty to and does not undertake to update or revise any forward-looking statement to reflect events or circumstances arising after the date on which it is made, except as required by applicable law. Future results could differ materially from historical performance.

About Non-GAAP Financial Measures

The Company reports its financial results in accordance with U.S. GAAP. The Company also refers to and presents certain additional non-GAAP financial measures. These measures include: organic revenues, adjusted operating margin, adjusted operating income, adjusted net income, EBITDA, adjusted EBITDA, adjusted diluted EPS, and free cash flow. The Company has included

reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated in accordance with GAAP at the back of this release.

FactSet uses these non-GAAP financial measures both in presenting its results to stockholders and the investment community and in its internal evaluation and management of the business. The Company believes that these non-GAAP financial measures provide useful supplemental information to investors because they permit investors to view the Company’s performance using the same tools that management uses to gauge progress in achieving its goals. Investors may benefit from referring to these non-GAAP financial measures in assessing the Company’s performance and when planning, forecasting and analyzing future periods, and such measures may also facilitate comparisons to historical performance. The Company believes that organic revenues, adjusted operating margin, adjusted operating income, adjusted net income, EBITDA, adjusted EBITDA, and adjusted diluted EPS help to fully reflect the underlying economic performance of FactSet. The Company believes that free cash flow is useful to investors because it is an indication of cash flow that may be available to pay debt obligations, make strategic acquisitions and investments, pay dividends, repurchase stock, and strengthen the balance sheet. The presentation of this non-GAAP financial information should not be considered in isolation from, or as a substitute for, the financial information prepared and presented in accordance with GAAP. We are not able to provide reconciliations of certain forward-looking non-GAAP financial measures to comparable GAAP measures because certain items required for such reconciliations are outside of our control and/or cannot be reasonably predicted without unreasonable effort.

About FactSet

FactSet (NYSE:FDS | NASDAQ:FDS) supercharges financial intelligence, offering enterprise data and information solutions that power our clients to maximize their potential. Our cutting-edge digital platform seamlessly integrates proprietary financial data, client datasets, third-party sources, and flexible technology to deliver tailored solutions across the buy-side, sell-side, wealth management, private equity, and corporate sectors. With over 47 years of expertise, offices in 19 countries, and extensive multi-asset class coverage, we leverage advanced data connectivity alongside AI and next-generation tools to streamline workflows, drive productivity, and enable smarter, faster decision-making. Serving more than 9,100 global clients and over 247,000 individual users, FactSet is a member of the S&P 500 dedicated to innovation and long-term client success. Learn more at www.factset.com and follow us on X and LinkedIn.

Investor Relations:

Kevin Toomey

+1.212.209.5259

Kevin.Toomey@factset.com

Media Relations:

Alexandra Shevchenko

+44 075 1813 1115

oleksandra.shevchenko@factset.com

Consolidated Statements of Income (Unaudited)

Three Months Ended Nine Months Ended

May 31, May 31,

(In thousands, except per share data) 2026 2025 2026 2025

Revenues $ 622,918 $ 585,520 $ 1,841,558 $ 1,724,847

Operating expenses

Cost of services 312,190 280,729 896,848 809,112

Selling, general and administrative 144,427 110,636 401,377 344,753

Total operating expenses 456,617 391,365 1,298,225 1,153,865

Operating income 166,301 194,155 543,333 570,982

Other income (expense), net

Interest income 642 1,509 2,622 4,483

Interest expense (13,839) (15,122) (40,286) (43,438)

Other income (expense), net 1,017 (594) (324) (20)

Total other income (expense), net (12,180) (14,207) (37,988) (38,975)

Income before income taxes 154,121 179,948 505,345 532,007

Provision for income taxes 27,403 31,406 92,991 88,583

Net income $ 126,718 $ 148,542 $ 412,354 $ 443,424

Basic earnings per common share $ 3.51 $ 3.92 $ 11.20 $ 11.68

Diluted earnings per common share $ 3.50 $ 3.87 $ 11.16 $ 11.53

Basic weighted average common shares 36,122 37,907 36,819 37,976

Diluted weighted average common shares 36,191 38,344 36,957 38,457

Certain prior year figures have been conformed to the current year's presentation.

Consolidated Balance Sheets (Unaudited)

(In thousands) May 31, 2026 August 31, 2025

ASSETS

Cash and cash equivalents $ 288,114 $ 337,651

Investments 16,122 17,445

Accounts receivable, net of reserves of $14,305 at May 31, 2026 and $13,789 at August 31, 2025 289,990 270,684

Prepaid taxes 58,325 33,600

Prepaid expenses and other current assets 74,968 70,379

Total current assets 727,519 729,759

Property, equipment and leasehold improvements, net 82,319 85,203

Goodwill 1,283,377 1,284,708

Intangible assets, net 1,868,418 1,916,102

Deferred tax assets 41,945 61,226

Lease right-of-use assets, net 119,364 121,776

Other assets 69,055 105,498

TOTAL ASSETS $ 4,191,997 $ 4,304,272

LIABILITIES

Accounts payable and accrued expenses $ 163,982 $ 135,262

Current debt 499,159 —

Current lease liabilities 33,963 33,145

Accrued compensation 137,431 130,596

Deferred revenues 183,494 167,852

Current taxes payable 5,182 13,041

Dividends payable 41,500 41,410

Total current liabilities 1,064,711 521,306

Long-term debt 890,542 1,368,260

Deferred tax liabilities 13,040 14,902

Taxes payable 41,315 45,095

Long-term lease liabilities 146,978 157,104

Other liabilities 3,121 11,192

TOTAL LIABILITIES $ 2,159,707 $ 2,117,859

STOCKHOLDERS’ EQUITY

TOTAL STOCKHOLDERS’ EQUITY $ 2,032,290 $ 2,186,413

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,191,997 $ 4,304,272

Consolidated Statements of Cash Flows (Unaudited)

Nine Months Ended

May 31,

(In thousands) 2026 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Net income $ 412,354 $ 443,424

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation and amortization 133,708 114,972

Amortization of lease right-of-use assets 24,269 23,152

Stock-based compensation expense 61,541 47,154

Deferred income taxes 20,808 3,154

Other, net 14,436 7,428

Changes in assets and liabilities, net of effects of acquisitions

Accounts receivable (24,376) (41,492)

Prepaid expenses and other assets (3,759) 6,699

Accounts payable and accrued expenses 22,793 (49,717)

Accrued compensation 7,541 3,789

Deferred revenues 15,030 4,955

Taxes payable, net of prepaid taxes (36,320) (19,108)

Lease liabilities, net (30,533) (30,250)

Net cash provided by operating activities 617,492 514,160

CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of property, equipment, leasehold improvements and capitalized internal-use software (87,319) (74,840)

Acquisition of businesses, net of cash and cash equivalents acquired — (348,255)

Purchases of investments (18,086) (4,433)

Proceeds from maturity or sale of investments 36,050 58,155

Net cash provided by (used in) investing activities (69,355) (369,373)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from debt 95,000 803,410

Repayments of debt (75,000) (742,500)

Dividend payments (122,684) (118,329)

Proceeds from employee stock plans 27,534 72,616

Repurchases of common stock (506,000) (193,838)

Deferred acquisition consideration (16,176) (4,699)

Other financing activities (6,418) (15,987)

Net cash provided by (used in) financing activities (603,744) (199,327)

Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,678) 1,966

Net increase (decrease) in cash, cash equivalents and restricted cash (57,285) (52,574)

Cash, cash equivalents and restricted cash at beginning of period 351,695 422,979

Cash, cash equivalents and restricted cash at end of period $ 294,410 $ 370,405

Reconciliation of total cash, cash equivalents and restricted cash:

Cash and cash equivalents $ 288,114 $ 356,361

Restricted cash included in Prepaid expenses and other current assets 5,296 6,522

Restricted cash included in Other assets 1,000 7,522

Total cash, cash equivalents and restricted cash $ 294,410 $ 370,405

Certain prior year figures have been conformed to the current year's presentation.

Reconciliation of U.S. GAAP Results to Adjusted Financial Measures

Organic Revenues

Organic revenues exclude the current year impact of revenues from acquisitions and the comparable impact of dispositions and discontinued lines of business, effected within the past 12 months and the current year impact of foreign currency movements. The table below provides a reconciliation of revenues to organic revenues:

(Unaudited) Three Months Ended

May 31,

(In thousands) 2026 2025 Change

Revenues $ 622,918 $ 585,520 6.4 %

Disposition revenues

— (3,296)

Currency impact

(52) —

Organic revenues $ 622,866 $ 582,224 7.0 %

Non-GAAP Financial Measures

The table below provides a reconciliation of operating income, operating margin, net income and diluted EPS to adjusted operating income, adjusted operating margin, adjusted net income, EBITDA, adjusted EBITDA, and adjusted diluted EPS.

Adjusted operating income and margin, adjusted net income, and adjusted diluted earnings per share exclude acquisition-related intangible asset amortization and non-recurring items. EBITDA represents earnings before interest expense, provision for income taxes and depreciation and amortization expense, while adjusted EBITDA further excludes non-recurring non-cash expenses.

Three Months Ended

May 31,

(in thousands, except per share data) 2026 2025 % Change

Operating income

$ 166,301 $ 194,155 (14.3) %

Intangible asset amortization

18,981 19,182

Restructuring/severance

19,629 —

CEO compensation costs(1)

4,322 —

Business disposition, acquisitions and related costs

1,769 1,976

Client bankruptcy charges

750 —

Adjusted operating income

$ 211,752 $ 215,313 (1.7) %

Operating margin

26.7% 33.2%

Adjusted operating margin(2)

34.0% 36.8%

Net income

$ 126,718 $ 148,542 (14.7) %

Intangible asset amortization

14,534 13,943

Restructuring/severance

15,030 —

CEO compensation costs(1)

3,309 —

Business disposition, acquisitions and related costs

1,355 1,436

Impairment within Other assets(3)

2,297 —

Client bankruptcy charges

574 —

Non-operating income from business disposition (48) —

Adjusted net income(4)

$ 163,769 $ 163,921 (0.1) %

Net income

126,718 148,542 (14.7) %

Interest expense

13,839 15,122

Income taxes

27,403 31,406

Depreciation and amortization expense

45,869 40,845

EBITDA

$ 213,829 $ 235,915 (9.4) %

Non-recurring non-cash expenses(5)

6,336 —

Adjusted EBITDA

$ 220,165 $ 235,915 (6.7) %

Diluted EPS

$ 3.50 $ 3.87 (9.6) %

Intangible asset amortization

0.40 0.36

Restructuring/severance

0.42 —

CEO compensation costs(1)

0.09 —

Business disposition, acquisitions and related costs

0.04 0.04

Impairment within Other assets(3)

0.06 —

Client bankruptcy charges 0.02 —

Non-operating income from business disposition 0.00 —

Adjusted diluted EPS(4)

$ 4.53 $ 4.27 6.1 %

Weighted average common shares (diluted)

36,191 38,344

(1)Related to the recognition, over their respective service periods, of one-time make-whole cash and equity awards issued to our CEO.

(2)Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.

(3)Related to the impairment of an equity investment.

(4)For purposes of calculating Adjusted net income and Adjusted diluted EPS, all adjustments for the three months ended May 31, 2026 and May 31, 2025 were taxed at an adjusted tax rate of 23.4% and 27.3%, respectively.

(5)Primarily related to the impairment of an equity investment and the recognition, over their respective service periods, of one-time equity awards issued to our CEO.

Business Outlook Operating Margin, Net Income and Diluted EPS

(Unaudited)

Figures may not foot due to rounding

Annual Fiscal 2026 Guidance

(In millions, except per share data) Low end of range High end of range

Revenues $ 2,450 $ 2,470

Operating income $ 760 $ 729

Operating margin 31.0 % 29.5 %

Intangible asset amortization

75 75

CEO compensation 25 25

Discrete items 10 12

Adjusted operating income $ 870 $ 840

Adjusted operating margin(a)

35.5 % 34.0 %

Net income $ 582 $ 555

Intangible asset amortization

60 60

CEO compensation 20 20

Discrete items 8 10

Adjusted net income $ 670 $ 645

Diluted earnings per common share $ 15.35 $ 14.85

Intangible asset amortization 1.63 1.63

CEO compensation 0.54 0.54

Discrete items 0.23 0.23

Adjusted diluted earnings per common share $ 17.75 $ 17.25

(a)Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.

Free Cash Flow

Cash flows provided by operating activities have been reduced by purchases of property, equipment, leasehold improvements and capitalized internal-use software to report non-GAAP free cash flow.

(Unaudited) Three Months Ended

May 31,

(In thousands) 2026 2025 Change

Net Cash Provided for Operating Activities $ 284,520 $ 253,833 12.1 %

Less: purchases of property, equipment, leasehold improvements and capitalized internal-use software (30,475) (25,230) 20.8 %

Free Cash Flow $ 254,045 $ 228,603 11.1 %

Organic ASV

The following table presents the calculation of organic ASV.

(In millions) As of May 31, 2026

As reported ASV

$ 2,484.3

Impact from foreign currency movements

1.3

Organic ASV $ 2,485.6

Organic ASV annual growth rate(a)

7.1 %

(a)For comparability purposes, in calculating the organic ASV annual growth rate, the prior year excludes ASV from dispositions completed in the last 12 months.

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Filename: R1.htm · Sequence: 9

v3.26.1

Cover

Jul. 01, 2026

Entity Information [Line Items]

Document Type

8-K

Document Period End Date

Jul. 01, 2026

Entity Registrant Name

FactSet Research Systems Inc.

Entity Incorporation, State or Country Code

Entity File Number

1-11869

Entity Tax Identification Number

13-3362547

Entity Address, Address Line One

45 Glover Avenue

Entity Address, City or Town

Norwalk

Entity Address, State or Province

Entity Address, Postal Zip Code

06850

City Area Code

203

Local Phone Number

810-1000

Written Communications

false

Soliciting Material

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Entity Central Index Key

0001013237

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Common Stock 1

Entity Information [Line Items]

Title of 12(b) Security

Common Stock, $0.01 Par Value

Trading Symbol

FDS

Security Exchange Name

NYSE

Common Stock 2

Entity Information [Line Items]

Title of 12(b) Security

Common Stock, $0.01 Par Value

Trading Symbol

FDS

Security Exchange Name

NASDAQ

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