Equity Profile

FDS

FactSet Research Systems Inc.

FinancialsFinancial Exchanges & Data$9.4B

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

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

$4.45

Revenue

Revenue growth is essential for assessing the company's ability to expand its market share and invest in future growth.

$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. Operating in the Financials sector, it plays a crucial role in helping firms make informed investment decisions, especially as trends like digital transformation and data analytics continue to shape the industry.

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, exceeding expectations by 2.04%. The stock reacted positively, gaining 6.08% the following day.

Management Promises & Guidance

Continued focus on enhancing data analytics capabilities.
Commitment to expanding client base in emerging markets.
Investment in technology to improve service delivery.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about FactSet's upcoming earnings, expecting solid performance in both EPS and revenue metrics.

Bull Case

If FactSet beats EPS estimates and shows strong revenue growth, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet expectations, especially in revenue growth, it could raise concerns about its market position and growth prospects.

Key Metrics to Watch

EPS

$4.45

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

$618M

Revenue growth is essential for assessing the company's ability to expand its market share and invest in future growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $4.45?

A beat on EPS would reinforce investor confidence in FactSet's profitability and operational efficiency.

What revenue growth can we expect compared to the consensus of $618M?

Revenue growth is critical for assessing the company's ability to compete and expand in the financial data sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of FactSet's recent investments in technology and data analytics, which could drive higher revenue growth than anticipated.

Supporting Evidence

FactSet's recent EPS surprises indicate strong operational performance, suggesting potential for continued growth.

The options market is pricing a larger move than historical averages, indicating heightened expectations.

Insider selling activity may not reflect overall company health, as it could be driven by personal financial planning rather than company performance.

Key Risk

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

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect the company's ability to navigate a competitive landscape and meet growth expectations.

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 falling short of $616M would validate 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 expect 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

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 are in line but management's commentary is cautious, the stock may react neutrally or slightly down as investors reassess growth prospects.

Miss

A miss on earnings could lead to a decline of about 3.5%, as seen in past quarters when expectations were not met.

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 new client acquisitions or market expansion efforts.
2Details on how recent technology investments are impacting service offerings.
3Insights into competitive pressures and how FactSet plans to address them.
4Management's outlook on future revenue growth and market conditions.
5Any commentary on cost management and profitability initiatives.

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

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

$4.45

Revenue

Revenue growth is essential for assessing the company's ability to expand its market share and invest in future growth.

$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, exceeding expectations by 2.04%. The stock reacted positively, gaining 6.08% the following day.

Management Promises & Guidance

Continued focus on enhancing data analytics capabilities.
Commitment to expanding client base in emerging markets.
Investment in technology to improve service delivery.

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about FactSet's upcoming earnings, expecting solid performance in both EPS and revenue metrics.

Bull Case

If FactSet beats EPS estimates and shows strong revenue growth, it could signal robust demand for its services, leading to a positive market reaction.

Bear Case

Conversely, if the company fails to meet expectations, especially in revenue growth, it could raise concerns about its market position and growth prospects.

Key Metrics to Watch

EPS

$4.45

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

Revenue

$618M

Revenue growth is essential for assessing the company's ability to expand its market share and invest in future growth.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will EPS exceed the consensus estimate of $4.45?

A beat on EPS would reinforce investor confidence in FactSet's profitability and operational efficiency.

What revenue growth can we expect compared to the consensus of $618M?

Revenue growth is critical for assessing the company's ability to compete and expand in the financial data sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of FactSet's recent investments in technology and data analytics, which could drive higher revenue growth than anticipated.

Supporting Evidence

FactSet's recent EPS surprises indicate strong operational performance, suggesting potential for continued growth.

The options market is pricing a larger move than historical averages, indicating heightened expectations.

Insider selling activity may not reflect overall company health, as it could be driven by personal financial planning rather than company performance.

Key Risk

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

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect the company's ability to navigate a competitive landscape and meet growth expectations.

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 falling short of $616M would validate 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 expect 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

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 are in line but management's commentary is cautious, the stock may react neutrally or slightly down as investors reassess growth prospects.

Miss

A miss on earnings could lead to a decline of about 3.5%, as seen in past quarters when expectations were not met.

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 new client acquisitions or market expansion efforts.
2Details on how recent technology investments are impacting service offerings.
3Insights into competitive pressures and how FactSet plans to address them.
4Management's outlook on future revenue growth and market conditions.
5Any commentary on cost management and profitability initiatives.