FactSet (NYSE:FDS) reported solid first-quarter results for fiscal 2026, with GAAP revenues rising 6.9% year-over-year to $607.6 million, and organic revenues increasing 6% to $600 million.
The company saw continued strength in its Annual Subscription Value (ASV), which reached $2.41 billion, up 5.9% from the previous year.
Organic ASV totaled $2.39 billion, reflecting a $132.9 million increase.
While the company’s GAAP operating margin was 31.6%, a decline of approximately 200 basis points, adjusted operating margin remained strong at 36.2%, despite a 137 basis point decrease.
Free cash flow saw a significant increase of 49.5%, amounting to $90.4 million for the quarter.
FactSet also reported GAAP diluted earnings per share (EPS) of $4.06 and adjusted diluted EPS of $4.51 for the quarter.
In addition, the company’s Board of Directors increased the share repurchase authorization from $400 million to $1 billion, signaling confidence in its financial position.