Core Insights - FactSet reported a strong start to fiscal 2026, with revenues of $607.6 million, reflecting a 6.9% increase year-over-year, driven by institutional buy-side and dealmaker clients [4][5][6] - The company emphasizes three strategic priorities: driving commercial excellence, increasing productivity, and advancing long-term strategy [3] - FactSet's Board of Directors approved an increase in share repurchase authorization from $400 million to $1 billion, indicating confidence in the company's financial strength [4][11] Financial Performance - Q1 GAAP revenues reached $607.6 million, up from $568.7 million in Q1 2025, marking a $38.9 million increase [4][5] - Organic revenues grew by 6.0% year-over-year to $600.0 million [5][30] - GAAP diluted EPS increased by 4.4% to $4.06, while adjusted diluted EPS rose by 3.2% to $4.51 [4][34] Operating Metrics - GAAP operating margin decreased to 31.6%, down from 33.6% in the prior year, primarily due to higher amortization of intangible assets and increased employee compensation costs [4][5] - Adjusted operating margin also decreased to 36.2% from 37.6% year-over-year [4][5] - Net cash provided by operating activities was $121.3 million, a 40.4% increase compared to the prior year [4][27] Annual Subscription Value (ASV) - ASV was reported at $2,411.1 million, up from $2,265.9 million a year earlier, with organic ASV increasing by 5.9% to $2,389.6 million [6][39] - ASV from the Americas was $1,575.8 million, with a 6.4% organic growth rate [7] - ASV from EMEA was $591.0 million, reflecting a 3.7% organic increase, while Asia Pacific ASV reached $244.3 million, up 8.4% [8][9] Client and User Metrics - The client count as of November 30, 2025, was 9,003, with a net increase of 7 clients in the past three months [10] - User count increased to 239,863, with a net addition of 2,539 users [10] - Annual ASV retention was greater than 95%, with a client retention rate of 91% [10] Share Repurchase and Dividend - FactSet repurchased 478,100 shares for $139.9 million at an average price of $292.61 during Q1 [11] - A quarterly dividend of $41.0 million, or $1.10 per share, was paid on December 18, 2025 [10][11] Business Outlook - FactSet reaffirms its fiscal 2026 outlook, expecting GAAP revenues between $2,423 million and $2,448 million [12][17] - Organic ASV is projected to grow by $100 million to $150 million during fiscal 2026 [17]