Equity Profile

FDS

FactSet Research Systems Inc.

FinancialsFinancial Exchanges & Data$10.2B

Jun25Thu

Pre-Earnings Brief

UpcomingQ3-2026Pre-Market9:00 AM EDT

Company Snapshot

FactSet Research Systems Inc. (FDS) provides financial data and analytics to investment professionals....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$4.45

Revenue

Revenue growth reflects the company's ability to attract and retain clients, which is crucial for its long-term success.

$618M

Wall Street expectations, options signals, track record, and call prep available with Pro.

FDS Q3-2026 Earnings Preview

Context

Company Snapshot

FactSet Research Systems Inc. (FDS) provides financial data and analytics to investment professionals. As a key player in the financial services sector, it helps clients make informed decisions through its comprehensive data offerings. The company is positioned to benefit from trends in data analytics and financial technology.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.89%

Avg Stock Reaction

+0.27%

Last Quarter Recap

In Q2-2026, FactSet reported an EPS of $4.46, beating estimates by 2.04%. The stock reacted positively, gaining 6.08% the following day.

Management Promises & Guidance

Continued investment in data analytics capabilities.
Focus on expanding client base and enhancing customer service.
Commitment to maintaining strong profit margins.

Expectations

Wall Street Expectations

Analysts expect FactSet to report solid earnings, with a consensus EPS of $4.45. The market is keenly watching for any signs of revenue growth and client retention.

Bull Case

If FactSet exceeds EPS expectations and shows strong revenue growth, it could signal robust demand for its services, leading to a positive stock reaction.

Bear Case

Conversely, if the company misses EPS estimates or shows signs of slowing revenue growth, it may raise concerns about its competitive position and lead to a stock decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$4.45

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue

$618M

Revenue growth reflects the company's ability to attract and retain clients, which is crucial for its long-term success.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $4.45?

A beat on EPS could indicate stronger than expected profitability, which may boost investor confidence.

What is the outlook for revenue growth beyond the consensus of $618M?

Guidance on revenue growth will be crucial for assessing the company's future performance and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for FactSet's revenue growth due to its recent investments in data analytics, which could drive higher client retention and acquisition.

Supporting Evidence

FactSet's recent EPS surprises indicate a trend of outperforming expectations.

The options market is pricing a larger move than historical averages suggest, indicating potential for significant volatility.

The company's focus on enhancing customer service may lead to improved client satisfaction and retention.

Key Risk

If revenue growth exceeds $620M, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on profitability and revenue growth, which are critical for maintaining investor sentiment.

Bull Confirmed If

An EPS of $4.50 or higher with revenue exceeding $620M would confirm the bull case.

Bear Confirmed If

An EPS below $4.30 or revenue below $615M would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.44%

Historical Avg

±5.2%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.

Options are pricing ±7.4% while FDS has averaged ±5.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

46.8%

Calls (22K)P/C Ratio: 3.38Puts (7K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FactSet beats expectations, history suggests a potential stock increase of around 1.5%, confirming strong demand for its services.

In-Line / Cautious

If results come in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth prospects.

Miss

A miss could lead to a decline of about 3.5%, as seen in past quarters, raising concerns about the company's competitive position.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·3 sells

Members

House + Senate

Est. Notional

$4,004.00–$60,000.00

disclosed dollar ranges

Most Active Members

R-WVShelley M CapitoSen.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client acquisition strategies and their effectiveness.
2Insights into competitive pressures in the financial data sector.
3Details on new product offerings and their expected impact on revenue.
4Management's commentary on market trends affecting the financial services industry.
5Guidance on future revenue growth and profitability targets.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

FactSet Research Systems Inc. (FDS) provides financial data and analytics to investment professionals....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

$4.45

Revenue

Revenue growth reflects the company's ability to attract and retain clients, which is crucial for its long-term success.

$618M

Wall Street expectations, options signals, track record, and call prep available with Pro.

FDS Q3-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

75%

Avg EPS Surprise

+2.89%

Avg Stock Reaction

+0.27%

Last Quarter Recap

In Q2-2026, FactSet reported an EPS of $4.46, beating estimates by 2.04%. The stock reacted positively, gaining 6.08% the following day.

Management Promises & Guidance

Continued investment in data analytics capabilities.
Focus on expanding client base and enhancing customer service.
Commitment to maintaining strong profit margins.

Expectations

Wall Street Expectations

Analysts expect FactSet to report solid earnings, with a consensus EPS of $4.45. The market is keenly watching for any signs of revenue growth and client retention.

Bull Case

If FactSet exceeds EPS expectations and shows strong revenue growth, it could signal robust demand for its services, leading to a positive stock reaction.

Bear Case

Conversely, if the company misses EPS estimates or shows signs of slowing revenue growth, it may raise concerns about its competitive position and lead to a stock decline.

Key Metrics to Watch

Earnings Per Share (EPS)

$4.45

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

Revenue

$618M

Revenue growth reflects the company's ability to attract and retain clients, which is crucial for its long-term success.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will the EPS exceed the consensus estimate of $4.45?

A beat on EPS could indicate stronger than expected profitability, which may boost investor confidence.

What is the outlook for revenue growth beyond the consensus of $618M?

Guidance on revenue growth will be crucial for assessing the company's future performance and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for FactSet's revenue growth due to its recent investments in data analytics, which could drive higher client retention and acquisition.

Supporting Evidence

FactSet's recent EPS surprises indicate a trend of outperforming expectations.

The options market is pricing a larger move than historical averages suggest, indicating potential for significant volatility.

The company's focus on enhancing customer service may lead to improved client satisfaction and retention.

Key Risk

If revenue growth exceeds $620M, it could challenge the current cautious outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on profitability and revenue growth, which are critical for maintaining investor sentiment.

Bull Confirmed If

An EPS of $4.50 or higher with revenue exceeding $620M would confirm the bull case.

Bear Confirmed If

An EPS below $4.30 or revenue below $615M would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.44%

Historical Avg

±5.2%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.

Options are pricing ±7.4% while FDS has averaged ±5.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

46.8%

Calls (22K)P/C Ratio: 3.38Puts (7K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If FactSet beats expectations, history suggests a potential stock increase of around 1.5%, confirming strong demand for its services.

In-Line / Cautious

If results come in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth prospects.

Miss

A miss could lead to a decline of about 3.5%, as seen in past quarters, raising concerns about the company's competitive position.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·3 sells

Members

House + Senate

Est. Notional

$4,004.00–$60,000.00

disclosed dollar ranges

Most Active Members

R-WVShelley M CapitoSen.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on client acquisition strategies and their effectiveness.
2Insights into competitive pressures in the financial data sector.
3Details on new product offerings and their expected impact on revenue.
4Management's commentary on market trends affecting the financial services industry.
5Guidance on future revenue growth and profitability targets.