Filing Flows › Factset Research Systems (FDS) › Q2 FY26
Factset Research Systems (FDS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 2, 2026
Factset Research Systems (FDS) reported revenue of $611M for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +0.6% from the quarter before. Operating margin was 30.3%, net earnings $133M (21.8% of revenue).
Factset Research Systems, Q2 FY26: revenue $611M (+7% year over year), operating margin 30.3%, net earnings $133M, operating cash flow $212M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $611M | +0.6% | +7% |
| Operating profit | $185M | -4% | -0.3% |
| Net earnings | $133M | -13% | -8% |
| Operating cash flow | $212M | +75% | +22% |
| Free cash flow | $186M | +105% | +24% |
What changed
Revenue was $611.0M in Q2 FY26, up 7% year over year and up 1% from the previous quarter. Americas was the largest line at 65% of revenue. Americas added $30.0M year over year (up 8%), 74% of the total change.
Operating profit was $185.0M, a 30.3% margin (down 2.2 points year over year). Operating profit fell $531K even though revenue rose $40.4M versus Q2 FY25, so costs grew faster than sales. Total costs grew 11% against revenue growth of 7%. The fastest-growing cost line was SG&A (+12%). Net earnings were $133.1M, down 8% year over year. The effective tax rate was 17.4%.
Operating cash flow was $211.7M (up 22% year over year), 159% of net earnings. Non-cash charges added back $43.7M of depreciation and amortization and $20.9M of share-based compensation. Working capital and other items added $14.1M. Capital expenditures of $26.0M left free cash flow of $185.7M.
Questions
What was Factset Research Systems' revenue in the second quarter fiscal 2026?
Factset Research Systems (FDS) reported revenue of $611M for the second quarter fiscal 2026 (Q2 FY26), +7% from a year earlier and +0.6% from the quarter before.
Was Factset Research Systems profitable in the second quarter fiscal 2026?
Operating profit was $185M (30.3% of revenue) and net earnings $133M.