Filing Flows › Factset Research Systems (FDS) › Q1 FY26
Factset Research Systems (FDS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 5, 2026
Factset Research Systems (FDS) reported revenue of $608M for the first quarter fiscal 2026 (Q1 FY26), +7% from a year earlier and +2% from the quarter before. Operating margin was 31.6%, net earnings $153M (25.1% of revenue).
Factset Research Systems, Q1 FY26: revenue $608M (+7% year over year), operating margin 31.6%, net earnings $153M, operating cash flow $121M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $608M | +2% | +7% |
| Operating profit | $192M | +8% | +0.4% |
| Net earnings | $153M | -0.7% | +2% |
| Operating cash flow | $121M | -43% | +40% |
| Free cash flow | $90.4M | -49% | +49% |
What changed
Revenue was $607.6M in Q1 FY26, up 7% year over year and up 2% from the previous quarter. Americas was the largest line at 65% of revenue. Americas added $28.9M year over year (up 8%), 74% of the total change.
Operating profit was $192.1M, a 31.6% margin (down 2.0 points year over year). Of the extra revenue versus a year earlier, 2% reached operating profit, below the 34% margin then. Total costs grew 10% against revenue growth of 7%. The fastest-growing cost line was Cost of revenue (+11%). Net earnings were $152.6M, up 2% year over year. The effective tax rate was 19.7%.
Operating cash flow was $121.3M (up 40% year over year), 79% of net earnings. Non-cash charges added back $44.1M of depreciation and amortization and $18.5M of share-based compensation. Working capital and other items used $93.9M. Capital expenditures of $30.8M left free cash flow of $90.4M.
Questions
What was Factset Research Systems' revenue in the first quarter fiscal 2026?
Factset Research Systems (FDS) reported revenue of $608M for the first quarter fiscal 2026 (Q1 FY26), +7% from a year earlier and +2% from the quarter before.
Was Factset Research Systems profitable in the first quarter fiscal 2026?
Operating profit was $192M (31.6% of revenue) and net earnings $153M.