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Filing Flows › Factset Research Systems (FDS) › Q3 FY26 › vs Q2 FY26

Factset Research Systems (FDS) Q3 FY26 vs Q2 FY26 (quarter over quarter)

Factset Research Systems's revenue rose $11.9M (+2%) from $611M in Q2 FY26 to $623M in Q3 FY26. The biggest changes: Americas +$7.6M (+2%); EMEA +$2.8M (+2%); Asia Pacific +$1.5M (+2%). Operating margin 26.7% against 30.3% (-3.6 pts).

Factset Research Systems, Q3 FY26: revenue $623M (+6% year over year), operating margin 26.7%, net earnings $127M, operating cash flow $285M. The chart draws each line against Q2 FY26, the increases inside each band.

Factset Research Systems: what changed, Q3 FY26 vs Q2 FY26Factset Research Systems: what changed, Q3 FY26 vs Q2 FY26Working capital & other$75.6MOperating cash flow$72.8MFree cash flow (OCF − capex)$68.4MCosts & expenses$30.6MOperating profit−$18.7MCost of revenue$15.4MSG&A$15.1MOther expense, net−$11.7MAmericas$7.6MPre-tax earnings−$7.0M

Margins

Q3 FY26Q2 FY26Change
Operating margin26.7%30.3%-3.6 pts
Net margin20.3%21.8%-1.4 pts
Free cash flow margin40.8%30.4%+10.4 pts

Every line

LineQ3 FY26Q2 FY26Change%
Americas$407M$400M$7.6M+2%
EMEA$152M$149M$2.8M+2%
Asia Pacific$63.7M$62.2M$1.5M+2%
Revenue$623M$611M$11.9M+2%
Operating profit$166M$185M−$18.7M-10%
Costs & expenses$457M$426M$30.6M+7%
Pre-tax earnings$154M$161M−$7.0M-4%
Other expense, net$12.2M$23.9M−$11.7M-49%
Cost of revenue$312M$297M$15.4M+5%
SG&A$144M$129M$15.1M+12%
Net earnings$127M$133M−$6.3M-5%
Income tax$27.4M$28.1M−$652K-2%
Depreciation & amortization$45.9M$43.7M$2.2M+5%
Share-based compensation$22.2M$20.9M$1.4M+6%
Working capital & other$89.7M$14.1M$75.6M+537%
Operating cash flow$285M$212M$72.8M+34%
Free cash flow (OCF − capex)$254M$186M$68.4M+37%
Capital expenditures$30.5M$26.0M$4.5M+17%

Questions

How much did Factset Research Systems's revenue grow quarter over quarter in Q3 FY26?

Factset Research Systems's revenue rose $11.9M (+2%) from $611M in Q2 FY26 to $623M in Q3 FY26.

What drove Factset Research Systems's revenue change in Q3 FY26?

Americas +$7.6M (+2%); EMEA +$2.8M (+2%); Asia Pacific +$1.5M (+2%).

Q3 FY26 results → · Compare in the interactive Sankey →