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 critical measure of profitability and will indicate how well the company is managing costs and generating income.

$4.45

Revenue

Revenue growth reflects the company's ability to attract and retain clients, which is vital 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 sector, its services are crucial for investment decision-making, especially in an environment increasingly driven by data and 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, exceeding estimates by 2.04%. The stock reacted positively, gaining 6.08% the following day.

Management Promises & Guidance

Continued focus on enhancing product offerings.
Commitment to maintaining strong client relationships.
Plans to invest in technology to improve data analytics capabilities.

Expectations

Wall Street Expectations

Analysts expect FactSet to deliver solid earnings this quarter, with a consensus EPS of $4.45 and revenue of $618M. The market is closely watching for any signs of growth in client subscriptions.

Bull Case

If FactSet beats earnings expectations and shows strong revenue growth, it could signal robust demand for its services, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company misses its earnings target or shows signs of slowing growth, it could lead to a negative reaction in the stock price.

Key Metrics to Watch

EPS

$4.45

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue

$618M

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

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 could indicate strong operational performance and boost investor confidence.

What are the revenue growth trends, particularly in client subscriptions?

Understanding revenue growth will be crucial for assessing the company's market position and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for FactSet to exceed its revenue targets due to strong client retention and new product launches.

Supporting Evidence

The company's recent performance has shown consistent EPS beats, indicating strong operational efficiency.

Options pricing suggests a larger move than historical averages, hinting at potential surprises.

Positive trends in client subscriptions could drive higher revenue than anticipated.

Key Risk

If revenue growth exceeds $620M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect the company's ability to sustain growth amid a competitive landscape.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $4.30 or revenue below $616M would support 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 around the earnings report, indicating heightened uncertainty or anticipation.

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 the stock could rise by about 1.5%, confirming strong demand for its services.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors await further clarity on future growth, reflecting uncertainty.

Miss

If the company misses expectations, history indicates a potential decline of around 3.5%, signaling concerns about growth.

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 retention rates and new subscriptions.
2Details on product enhancements and their impact on revenue.
3Management's outlook on market conditions and competitive landscape.
4Insights into cost management and operational efficiency.
5Comments on future growth strategies and investment plans.

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 critical measure of profitability and will indicate how well the company is managing costs and generating income.

$4.45

Revenue

Revenue growth reflects the company's ability to attract and retain clients, which is vital 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, exceeding estimates by 2.04%. The stock reacted positively, gaining 6.08% the following day.

Management Promises & Guidance

Continued focus on enhancing product offerings.
Commitment to maintaining strong client relationships.
Plans to invest in technology to improve data analytics capabilities.

Expectations

Wall Street Expectations

Analysts expect FactSet to deliver solid earnings this quarter, with a consensus EPS of $4.45 and revenue of $618M. The market is closely watching for any signs of growth in client subscriptions.

Bull Case

If FactSet beats earnings expectations and shows strong revenue growth, it could signal robust demand for its services, potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company misses its earnings target or shows signs of slowing growth, it could lead to a negative reaction in the stock price.

Key Metrics to Watch

EPS

$4.45

Earnings per share is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

Revenue

$618M

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

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 could indicate strong operational performance and boost investor confidence.

What are the revenue growth trends, particularly in client subscriptions?

Understanding revenue growth will be crucial for assessing the company's market position and future prospects.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for FactSet to exceed its revenue targets due to strong client retention and new product launches.

Supporting Evidence

The company's recent performance has shown consistent EPS beats, indicating strong operational efficiency.

Options pricing suggests a larger move than historical averages, hinting at potential surprises.

Positive trends in client subscriptions could drive higher revenue than anticipated.

Key Risk

If revenue growth exceeds $620M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it will reflect the company's ability to sustain growth amid a competitive landscape.

Bull Confirmed If

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

Bear Confirmed If

An EPS below $4.30 or revenue below $616M would support 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 around the earnings report, indicating heightened uncertainty or anticipation.

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 the stock could rise by about 1.5%, confirming strong demand for its services.

In-Line / Cautious

An in-line report may lead to a muted reaction as investors await further clarity on future growth, reflecting uncertainty.

Miss

If the company misses expectations, history indicates a potential decline of around 3.5%, signaling concerns about growth.

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 retention rates and new subscriptions.
2Details on product enhancements and their impact on revenue.
3Management's outlook on market conditions and competitive landscape.
4Insights into cost management and operational efficiency.
5Comments on future growth strategies and investment plans.