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Get filing alertsFactSet reports 7.1% organic ASV growth, appoints Joshua Warren as CFO
Filed July 1, 2026 · Period ending July 1, 2026 · ~1 min read
Key Changes
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Organic ASV grew 7.1% year-over-year to $2.49 billion, with GAAP revenues up 6.4% to $622.9 million, reflecting continued demand across institutional and wealth management clients.
Exhibit 99.1 view on EDGAR → -
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Adjusted diluted EPS rose 6.1% to $4.53 despite GAAP EPS declining to $3.50 from $3.87, as one-time compensation charges and CEO costs pressured GAAP operating margin to 26.7% from 33.2%.
Exhibit 99.1 view on EDGAR → -
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Company returned $243.4 million to shareholders in Q3 ($203.1 million buybacks, $40.3 million dividends) and raised quarterly dividend $0.06 to $1.16 per share, marking 27 consecutive years of increases.
Exhibit 99.1 view on EDGAR → -
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FactSet reaffirmed full-year fiscal 2026 guidance: organic ASV growth of $130-160 million, adjusted operating margin of 34.0%-35.5%, and adjusted diluted EPS of $17.25-$17.75.
Exhibit 99.1 view on EDGAR → -
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Joshua B. Warren appointed CFO effective April 13, 2026, bringing experience from prior roles as CFO of Envestnet and senior positions at BlackRock.
Exhibit 99.1 view on EDGAR →
Summary
FactSet delivered solid third-quarter fiscal 2026 results with organic Annual Subscription Value growing 7.1% year-over-year to $2.49 billion and GAAP revenues up 6.4% to $622.9 million. The company's core subscription business continues to gain traction across institutional buy-side and wealth management clients.
While GAAP operating margin compressed to 26.7% from 33.2% due to one-time compensation charges and CEO costs not present in the prior year, adjusted metrics showed healthier underlying performance: adjusted operating margin of 34.0% and adjusted diluted EPS up 6.1% to $4.53, driven by revenue growth and a 6% lower share count from ongoing buybacks.
FactSet returned $243.4 million to shareholders in the quarter through $203.1 million in repurchases and $40.3 million in dividends, bringing year-to-date capital returns to $628.7 million. The company raised its quarterly dividend by $0.06 to $1.16 per share, extending its dividend growth streak to 27 consecutive years. Management reaffirmed full-year fiscal 2026 guidance despite the Q3 margin pressures, projecting adjusted diluted EPS of $17.25-$17.75 and organic ASV growth of $130-160 million. The appointment of Joshua Warren as CFO, effective April 13, adds experienced financial leadership from his prior roles at Envestnet and BlackRock. For retail holders, the combination of steady subscription growth, sustained capital returns, and reaffirmed guidance suggests the business remains on track despite near-term cost headwinds.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
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.
GAAP operating margin declined to 26.7% from 33.2% due to higher employee compensation including one-time charges and CEO compensation costs. GAAP diluted EPS fell to $3.50 from $3.87. However, adjusted diluted EPS (excluding non-recurring items and intangibles amortization) rose 6.1% to $4.53 from $4.27, driven by revenue growth and a 6% lower share count from buybacks.
Added in current filing · view on EDGAR →
FactSet reaffirms its outlook for fiscal 2026 provided on March 31, 2026. ... 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
FactSet reaffirmed its full-year fiscal 2026 guidance: organic ASV growth of $130-160 million, GAAP revenues of $2,450-2,470 million, adjusted operating margin of 34.0%-35.5%, and adjusted diluted EPS of $17.25-$17.75. The company maintained its outlook despite Q3 margin pressures from one-time compensation charges. Note: these figures were previously disclosed in the company's Mar 31, 2026 8-K.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 6, 2026 · How we verify