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Factset Research Systems (FDS) Q4 FY26 earnings results (fourth quarter fiscal 2026)

10-K filed Oct 20, 2026

Factset Research Systems (FDS) reported revenue of $635M for the fourth quarter fiscal 2026 (Q4 FY26), +6% from a year earlier and +2% from the quarter before. Operating margin was 24.7%, net earnings $121M (19.1% of revenue).

Revenue$635M
Year over year+6%
Quarter over quarter+2%
Operating margin24.7%
Net earnings$121M

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.

Q4 FY26AmountQ/QY/Y
Revenue$635M+2%+6%
Operating profit$157M-6%-12%
Net earnings$121M-4%-21%
Operating cash flow$205M-28%-3%
Free cash flow$177M-30%-0.5%

What changed

Revenue was $634.7M in Q4 FY26, up 6% year over year and up 2% from the previous quarter. Americas was the largest line at 65% of revenue.

Operating profit was $156.6M, a 24.7% margin (down 5.0 points year over year). Operating profit fell $20.7M even though revenue rose $37.8M versus Q4 FY25, so costs grew faster than sales. Total costs grew 14% against revenue growth of 6%. The fastest-growing cost line was SG&A (+16%). Net earnings were $121.1M, down 21% year over year. The effective tax rate was 16.1%.

Operating cash flow was $204.7M (down 3% year over year), 169% of net earnings. Non-cash charges added back $47.1M of depreciation and amortization and $22.6M of share-based compensation. Working capital and other items added $13.9M. Capital expenditures of $27.4M left free cash flow of $177.3M.

Questions

What was Factset Research Systems' revenue in the fourth quarter fiscal 2026?

Factset Research Systems (FDS) reported revenue of $635M for the fourth quarter fiscal 2026 (Q4 FY26), +6% from a year earlier and +2% from the quarter before.

Was Factset Research Systems profitable in the fourth quarter fiscal 2026?

Operating profit was $157M (24.7% of revenue) and net earnings $121M.

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Source: Factset Research Systems 10-K on SEC EDGAR.