FactSet Smashes Q4 ASV Records and Surpasses Fiscal 2026 Guidance
FactSet, a leading provider of financial data and analytics, has announced impressive results for its fourth quarter and fiscal year 2026. The company smashed quarterly ASV records, achieving the highest Q4 ASV performance in FactSet's history.
In a conference call with investors, Sanoke Viswanathan, CEO of FactSet, highlighted the company's strong fiscal year, citing organic ASV growth of 7% or $168 million to $2.56 billion, surpassing the high end of its guidance. This growth was seen across all regions and client types, further solidifying FactSet's position in the market.
Adjusted operating margin for the year stood at 34.5%, a testament to the investments made by the company in recent years. Adjusted diluted EPS was $18.01, up 6% year-over-year, demonstrating the effectiveness of FactSet's strategic initiatives.
The launch of several new products played a significant role in driving growth for FactSet. These included Trusted FactSet data through MCP servers, multi-asset class risk models, new capabilities in its quant modeling environment, and agents for banking, buy side, and wealth management clients. The company also reorganized around a unified product organization, strengthened its leadership bench, and sharpened commercial execution to accelerate top-line growth.
The adoption of AI was highlighted as a key factor in the success of FactSet's products and services. Sanoke noted that "the more widely our clients deploy AI, the more valuable are our foundational strengths." This synergy between FactSet's existing strengths and AI capabilities has led to increased client wins and revenue growth.
In terms of specific deals, FactSet secured six and seven-figure agreements involving new products such as AI for Banking, MCP, Deep Sector content, trading solutions, and real-time data. The company continued to win significant mandates in banking by displacing major competitors, with a notable victory being the selection by a bulge bracket investment bank of its full agentic banking stack across its global footprint.
On the buy side, FactSet secured several large enterprise deals, including the renewal of a large global asset manager and the expansion of managed services agreements into new capabilities. The company also displaced an incumbent at a European quant fund with its data feeds and programmatic environment API.
