FactSet Research Systems Inc. (FDS) Stock

FactSet Research Systems Inc. (FDS) is a Technology stock trading at $300.20 (as of 2026-08-20), with a market capitalization of $10.68B and a trailing P/E of 18.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

FactSet Research Systems Inc. supplies integrated financial information and analytical applications, along with technology and content solutions, to support investment workflows. It serves participants in capital markets and wealth management, including portfolio managers, investment banks, asset managers, wealth advisors, and other financial services organizations across the Americas, Europe, the Middle East, Africa, and Asia Pacific.

Understand FactSet Research Systems Inc.: how it makes money

FactSet Research Systems provides integrated financial information and analytics applications to the investment community, and it makes money through subscription value (and related workflow solutions) sold to portfolio managers, investment banks, asset managers, wealth advisors, and other financial services clients.

FactSet’s profit model is built on recurring subscription economics, because client and subscription value retention are high (about 90 percent to 91 percent of clients retained), which helps support a high operating margin (30.3%).

Revenue by segment (latest quarter)
Americas$0.4B
EMEA$0.1B
APAC$0.1B

Business quality (Solid): The company appears to run a subscription-driven, data and analytics business with high margins and high retention metrics, but results are still tied to client activity across major regions, with relatively smaller contribution from APAC.

Valuation: Trades at 14× trailing earnings · $8B market cap.

Bull case

  • High recurring retention: Annual retention is around 90 percent (Percent of Clients), and annual subscription value retention is also around 91 percent (Percent of Clients), which supports stability in subscription economics.
  • Strong profitability profile: For the period ending 2026-02-28, gross margin is 51.4% and operating margin is 30.3%.

Bear case

  • Revenue concentration by geography: Segment revenue suggests concentration in the Americas (0.4B) versus EMEA (0.15B) and APAC (0.06B), so regional demand shifts can matter.
  • Subscription outcomes depend on retention: If client retention or annual subscription value retention deteriorates, it could directly impact the recurring revenue engine measured by the company’s retention KPIs.
Valuation — source: SEC EDGAR (first-party)
Price$300.20
Market Cap$10.68B
P/E Ratio18.9
EV / EBITDA13.1
Price / Book5.25
Price / Sales4.38
FCF Yield6.6%
DCF Value (model)$209.21
DCF Upside vs Price-30.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.32B
Net Margin25.7%
Revenue Growth (YoY)6.4%
EPS Growth (YoY)-10.5%
FCF Growth (YoY)11.1%
Financial Health — source: SEC EDGAR
Altman Z-Score5.11 (safe)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E18.9
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
vs Sector-44.4%
vs Industry-37.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($1.29B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOSanoke Viswanathan
Employees12,598
CountryUS
IPO Date1996-06-28

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FDS earnings history · FDS institutional & insider holders · FDS KPIs & operating metrics · FDS financials · FDS investor presentations & press releases · FDS SEC filings · FDS peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.