FactSet Shares Drop As Q4 Earnings Miss, Guidance Disappoints

Core Insights - FactSet Research Systems reported fourth-quarter earnings of $4.05 per share, missing the consensus estimate of $4.13, while revenue was $596.9 million, slightly exceeding forecasts of $592.8 million [1] - The company provided weak guidance for fiscal 2026, projecting adjusted EPS between $16.90 and $17.60, below the consensus of $18.27 [3] Financial Performance - Organic revenue grew 4.5% to $587.3 million, driven by institutional buy-side and wealth clients [1] - Annual Subscription Value (ASV) reached $2.41 billion, an increase from $2.26 billion a year earlier, with organic ASV rising 5.7% to $2.37 billion, reflecting a year-over-year increase of $127.3 million [2] Future Guidance - GAAP revenue for fiscal 2026 is projected to be between $2.42 billion and $2.45 billion, with organic ASV growth expected to be between $100 million and $150 million [3] - The company announced the departure of director James J. McGonigle from the board effective December 1, 2025, with no reported disagreements with management or the board [2]