Investigate / FDS
Understand FACTSET RESEARCH SYSTEMS INC
Can FactSet keep embedding its data and AI-powered tools deeper into client workflows while managing the security risks that come with holding sensitive client information?
Snapshot reviewed 2026-10-02. Source published 2026-07-01. No account needed.
AI-assisted synthesis of selected public filings, checked against the cited excerpts. Not a complete analysis.
This is a research starting point, not a buy/sell recommendation or a current valuation. New developments after these sources are not incorporated automatically.
Ownership-page coverage is not available for this company. That does not mean no tracked investor owns it.
Your research workspace / FDS
Ask better questions. Keep the evidence.
Explore the available sources for FACTSET RESEARCH SYSTEMS INC, then keep what deserves another look.
01 Investor activity
Ownership coverage is unavailable—not zero owners.
02 Business evidence
Reported evidence
What does the company do?
Customers pay mainly for subscriptions to multi-asset class data and solutions delivered through workstations, portfolio analytics and enterprise data products used in investment workflows.
Latticework interpretation
What could support the case?
If FactSet successfully deepens its integration into client workflows, as its stated strategy aims to do, it could strengthen its role as a platform clients rely on for investment processes.
Latticework interpretation
What could break the case?
If protective systems fail, improper access to or release of FactSet’s confidential client information could occur despite its controls.
03 Questions to investigate
Open saved takeaways →Read the full company brief
1. Understand the business
Customers pay mainly for subscriptions to multi-asset class data and solutions delivered through workstations, portfolio analytics and enterprise data products used in investment workflows.
Source: Annual filing · business description ↗2. What the reported results show
Latest source: 10-Q, reporting period ended 2026-05-31. Selected reported US-GAAP/USD comparisons. The period and basis of each measure are shown separately; year-to-date cash flow is not a quarterly figure. Missing comparisons are collection gaps, not evidence that a company has no revenue or earnings.
| Measure | Current | Prior year |
|---|---|---|
| Revenue from customer contracts ↗Quarter: 2026-03-01–2026-05-31; prior 2025-03-01–2025-05-31Both values reported in the current filing. Excludes assessed tax; this concept may exclude other company revenue. | $622.918m | $585.52m |
| Operating income ↗Quarter: 2026-03-01–2026-05-31; prior 2025-03-01–2025-05-31Both values reported in the current filing. | $166.301m | $194.155m |
| Net income ↗Quarter: 2026-03-01–2026-05-31; prior 2025-03-01–2025-05-31Both values reported in the current filing. | $126.718m | $148.542m |
| Operating cash flow ↗Nine months (year to date): 2025-09-01–2026-05-31; prior 2024-09-01–2025-05-31Both values reported in the current filing. Operating cash flow is not free cash flow or a standalone solvency assessment; inspect the full statement. | $617.492m | $514.16m |
Comparison caveat: Current-quarter margin and net-income comparisons reflect higher employee compensation, including restructuring and CEO compensation costs. Lower reported profit is not solely a change in customer demand.
10-Q · latest checked financial statements and discussion ↗3. The investment debate
Latticework interpretation of the reported results—not the stated motives of any investor.
What could support the case
If FactSet successfully deepens its integration into client workflows, as its stated strategy aims to do, it could strengthen its role as a platform clients rely on for investment processes.
Supporting filing ↗The strongest caution
If protective systems fail, improper access to or release of FactSet’s confidential client information could occur despite its controls.
Caution evidence ↗An interesting business is not necessarily an attractive investment at today's price. Price, dilution, financing terms and a valuation range still need investigation.
Inspect the evidence behind both sides ↗4. Three questions worth investigating
Use these to guide your research, not as conclusions that have already been proved.
How concentrated is revenue by region and by client type?
Starting evidence: Revenue is reported across geographic segments and several client types, so regional and customer exposure merit review.
Investigate next: Review segment disclosures and firm-type breakdowns to see which regions and client groups drive revenue and whether any area is a dependency.
Read the supporting filing ↗How does FactSet plan to expand its data offerings and delivery methods?
Starting evidence: Management lists expanding data offerings and delivery capabilities as a core strategic pillar and area of investment.
Investigate next: Look for details on investment priorities, data sourcing arrangements, and evidence that expanded offerings are being adopted by clients.
Read the supporting filing ↗How exposed is FactSet to third-party providers for security and operations?
Starting evidence: The company uses third-party service providers for certain critical functions, and those providers are subject to system failure and cyber-attack risks.
Investigate next: Investigate which functions are outsourced, what contractual and oversight protections exist, and any disclosed incidents involving vendors.
Read the supporting filing ↗5. Decide what to do next
Worth another look? Save this company and return to the evidence. Writing a private view is optional. You do not need to decide whether to invest today.
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