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FactSet Beats Q1 Estimates, Reaffirms Outlook as Shares Fall After Report

The CEO said AI will amplify the platform rather than drive layoffs.

Overview

  • First-quarter sales rose to $607.6 million versus $600.5 million expected, and adjusted EPS came in at $4.51 versus $4.37 expected.
  • Organic revenue grew 6.0% to $600.0 million, while adjusted operating margin slid to 36.2% from 37.6% on higher technology and third‑party content costs.
  • Annual Subscription Value reached $2.41 billion with client count at 9,003, and organic ASV increased by $6.6 million over the past three months.
  • FactSet reaffirmed fiscal 2026 guidance, calling for sales of $2.423 billion to $2.448 billion and adjusted EPS of $16.90 to $17.60.
  • The company paid a $1.10 per‑share quarterly dividend ($41.0 million), repurchased 478,100 shares for $139.9 million, and gained an additional $600 million to $1 billion in buyback authorization.