FactSet (NYSE:FDS) reported strong second-quarter fiscal 2026 results on Tuesday, characterized by high single-digit revenue growth and a significant increase in its full-year financial outlook.
The financial data and analytics provider saw GAAP revenue rise 7.1% year-over-year to $611 million for the period ended February 28, 2026.
A key indicator of the company’s subscription-based health, organic Annual Subscription Value (ASV) plus professional services, grew to $2,449.1 million, representing a 6.7% increase compared to the prior year.
This growth highlights sustained demand across FactSet's workflow solutions, particularly within its institutional asset management and investment banking client bases.
On the bottom line, FactSet reported GAAP diluted earnings per share (EPS) of $3.59.
On an adjusted basis, which excludes certain non-recurring items, diluted EPS reached $4.46.
The quarter did see some pressure on profitability ratios.
GAAP operating margin fell approximately 220 basis points to 30.3%, while the adjusted operating margin contracted 230 basis points to 35%.
Buoyed by the momentum in the first half of the fiscal year, FactSet raised its full-year 2026 guidance across all major metrics.
The company now forecasts GAAP revenue in the range of $2,450 million to $2,470 million.
Full-year GAAP EPS is expected to fall between $14.85 and $15.35, while adjusted EPS is now projected at $17.25 to $17.75.