Filing Flows › Factset Research Systems (FDS) › Guidance history
Factset Research Systems (FDS) guidance history: what it guided and what it reported
Factset Research Systems gave guidance in 12 earnings releases on file since Dec 19, 2023. Of 6 guided periods since reported, it met or beat its own guidance 5 times (83%). Revenue: 2 of 2, on average +0.7% against the guided midpoint. Its releases raised guidance 3 times and lowered it 3 times.
Revenue
Met or beat 2 of 2 periods (1 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $2.6B–$2.6B (Sep 30, 2026) | — | to be reported | — |
| FY26 | $2.4B (Sep 18, 2025) → reaffirmed $2.4B (Dec 18, 2025) → raised $2.5B–$2.5B (Mar 31, 2026) → reaffirmed $2.5B–$2.5B (Jul 1, 2026) | $2.5B | above the range | +0.7% |
| FY25 | $2.3B (Sep 19, 2024) → raised $2.3B–$2.3B (Dec 19, 2024) → raised $2.3B–$2.3B (Mar 20, 2025) → lowered $2.3B (Jun 23, 2025) | $2.3B | within the range | +0.7% |
| FY24 | $2.2B–$2.2B (Dec 19, 2023) → lowered $2.2B–$2.2B (Jun 21, 2024) | — | — | — |
GAAP operating margin
Met or beat 1 of 2 periods (0 above, 1 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | 29.5%–31.0% (Mar 31, 2026) → reaffirmed 29.5%–31.0% (Jul 1, 2026) | 28.3% | below the range | -2.0 pts |
| FY25 | 32.5%–33.5% (Dec 19, 2024) → lowered 32.0%–33.0% (Mar 20, 2025) | 32.2% | within the range | -0.3 pts |
| FY24 | 32.5%–33.0% (Dec 19, 2023) → reaffirmed 32.5%–33.0% (Mar 21, 2024) → raised 33.7%–34.0% (Jun 21, 2024) | — | — | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 34.8%–35.2% (Sep 30, 2026) | — | to be reported | — |
| FY26 | 35.5% (Sep 18, 2025) → reaffirmed 35.5% (Dec 18, 2025) → lowered 34.0%–35.5% (Mar 31, 2026) → reaffirmed 34.0%–35.5% (Jul 1, 2026) | — | — | — |
| FY25 | 36.0%–37.0% (Sep 19, 2024) → reaffirmed 36.0%–37.0% (Dec 19, 2024) → reaffirmed 36.0%–37.0% (Mar 20, 2025) → raised 37.0% (Jun 23, 2025) | — | — | — |
| FY24 | 36.3% (Dec 19, 2023) → raised 36.3%–36.7% (Mar 21, 2024) → raised 37.0%–37.5% (Jun 21, 2024) | — | — | — |
Adjusted operating income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $903M–$925M (Sep 30, 2026) | — | to be reported | — |
| FY26 | $860M (Sep 18, 2025) → reaffirmed $860M (Dec 18, 2025) → raised $870M (Mar 31, 2026) → reaffirmed $870M (Jul 1, 2026) | — | — | — |
| FY25 | $845M (Sep 19, 2024) → reaffirmed $845M (Dec 19, 2024) → raised $853M (Mar 20, 2025) → reaffirmed $853M (Jun 23, 2025) | — | — | — |
| FY24 | $799M (Dec 19, 2023) → reaffirmed $799M (Mar 21, 2024) → raised $807M (Jun 21, 2024) | — | — | — |
Adjusted net income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $665M (Sep 18, 2025) → reaffirmed $665M (Dec 18, 2025) → raised $670M (Mar 31, 2026) → reaffirmed $670M (Jul 1, 2026) | — | — | — |
| FY25 | $660M (Sep 19, 2024) → reaffirmed $660M (Dec 19, 2024) → reaffirmed $660M (Mar 20, 2025) → reaffirmed $660M (Jun 23, 2025) | — | — | — |
| FY24 | $604M (Dec 19, 2023) → reaffirmed $604M (Mar 21, 2024) → raised $618M (Jun 21, 2024) | — | — | — |
Tax rate
Met or beat 2 of 2 periods (0 above, 1 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | 18.0%–19.0% (Mar 31, 2026) → reaffirmed 18.0%–19.0% (Jul 1, 2026) | 17.9% | below the range | -0.6 pts |
| FY25 | 17.0%–18.0% (Dec 19, 2024) → reaffirmed 17.0%–18.0% (Mar 20, 2025) | 17.2% | within the range | -0.3 pts |
| FY24 | 16.5%–17.5% (Dec 19, 2023) → reaffirmed 16.5%–17.5% (Mar 21, 2024) → reaffirmed 16.5%–17.5% (Jun 21, 2024) | — | — | — |
The latest quarter
Factset Research Systems, Q4 FY26: revenue $635M (+6% year over year), operating margin 24.7%, net earnings $121M, operating cash flow $205M. The chart follows the revenue to costs, profit and cash.
Questions
Does Factset Research Systems beat its guidance?
Factset Research Systems gave guidance in 12 earnings releases on file since Dec 19, 2023. Of 6 guided periods since reported, it met or beat its own guidance 5 times (83%). Revenue: 2 of 2, on average +0.7% against the guided midpoint.
How often does Factset Research Systems raise guidance?
Its earnings releases raised guidance 3 times and lowered it 3 times since Dec 19, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.