Financial data firm FactSet reported third-quarter profit above Wall Street estimates on Wednesday, buoyed by growth in subscriptions. Geopolitical uncertainty owing to the U.S.-Israeli war with Iran has rattled global markets, boosting demand for FactSet’s data and analytics services as investors manage risk and rebalance portfolios.
Financial Details
The Norwalk, Connecticut-based company posted adjusted earnings per share of $4.53 for the quarter ended May 31, above analysts’ average estimate of $4.46. Organic annual subscription value (ASV) rose 7.1% to $2.49 billion as of May 31. FactSet reaffirmed its fiscal 2026 outlook for all financial metrics.
RBC Capital Markets analysts noted that while FactSet maintained all FY26 guidance metrics, the guidance is likely conservative and positioned for an upside surprise. Meanwhile, the firm’s operating margin dropped to 26.7% in the quarter, from 33.2% a year ago, largely driven by higher employee compensation costs.
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