{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Earnings Debate","title":"FactSet Research Systems Inc. Announced Q3 2026 Earnings on July 1, 2026, Reporting \"Revenue was $622.9 million, representing 6.4% growth over the previous year\"","html":"","width":"100%","height":180,"duration":1228,"description":"FactSet Research Systems Inc. reported its third quarter fiscal 2026 financial results, stating that organic ASV accelerated to 7.1% year-over-year, exceeding $2.48 billion.\nThird quarter revenue was $622.9 million, representing 6.4% growth over the previous year.\nAdjusted operating income was $211.8 million, representing a 34% margin for the quarter.\nAdjusted EPS grew 6.1% to $4.53.\nManagement also noted that free cash flow grew to $254 million for the third quarter.\nDuring Q3, the company accelerated repurchase activity, buying back approximately 926,000 shares for $203 million, which brought the fiscal year-to-date total to over $500 million deployed for share repurchases.\nManagement discussed business updates focused on commercial excellence, productivity improvement, and long-term strategy.\nThrough productivity initiatives, coding agents now author 27% of committed code in the engineering teams using these tools, and the company initiated a roughly 10% reduction in its technology workforce.\nThe company noted strong AI adoption, stating that over 90% of their top 50 clients are now using 4 or more FactSet AI solutions.\nThe majority of ASV renewed in Q3 was in the form of enterprise agreements, and the average contract term extended by roughly 30%.\nThe company announced several strategic product updates and partnerships, launching its AI solutions under the banner of FactSet Intelligence.\nFactSet launched a portfolio analytics MCP as well as a Capital Markets Intelligence suite of agents aimed at transforming investment banking workflows.\nManagement highlighted a new strategic partnership with Google Cloud focused on enhancing the FactSet workstation with Google's enterprise search, bringing financial intelligence directly into Gemini Enterprise, and developing a new generation of agents using the Gemini Enterprise Agent platform.\nAdditional partnerships were announced with InSync Analytics, Genius AI, and RepRisk.\nRegarding forward guidance, management stated...","thumbnail_url":"https://img.transistorcdn.com/xJuh_6koFF8CKKFzV-oIB_PzOA86GyxN802qWUMHjC4/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS80ODli/Mjg2OGQ5YjVkMzU2/Yjg0NzMxNTJiZGRj/NzFjOC5qcGVn.webp","thumbnail_width":300,"thumbnail_height":300}