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"

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.Third quarter revenue was $622.9 million, representing 6.4% growth over the previous year.Adjusted operating income was $211.8 million, representing a 34% margin for the quarter.Adjusted EPS grew 6.1% to $4.53.Management also noted that free cash flow grew to $254 million for the third quarter.During 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.Management discussed business updates focused on commercial excellence, productivity improvement, and long-term strategy.Through 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.The company noted strong AI adoption, stating that over 90% of their top 50 clients are now using 4 or more FactSet AI solutions.The majority of ASV renewed in Q3 was in the form of enterprise agreements, and the average contract term extended by roughly 30%.The company announced several strategic product updates and partnerships, launching its AI solutions under the banner of FactSet Intelligence.FactSet launched a portfolio analytics MCP as well as a Capital Markets Intelligence suite of agents aimed at transforming investment banking workflows.Management 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.Additional partnerships were announced with InSync Analytics, Genius AI, and RepRisk.Regarding forward guidance, management stated they remain confident in the guidance ranges that were previously set for ASV, revenue, operating margin and EPS. For revenue and EPS, management noted they are tracking toward the high end of those ranges based on their business trajectory.