Reading FDS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
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NYSEFinancialsFinancial Data & Stock ExchangesSnapshot 2026-06-16
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and management's recent track record has been unsteady, with frequent disruptive corporate changes. Risk is elevated, and the sector backdrop is a headwind, which may impact FDS's performance compared to sector peers that are above typical. Peer multiples imply a price about 6% above where it trades (it looks cheap on this basis); the read is fair. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 8 valuation methods, at three horizons. Current price $235.91. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $236 FDS trades at 14× p/e, below its 14× p/e peer median. Our $251 fair value sits above the price; high confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 6% below a flat-multiple fair value, below our forecast of about 14%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Financials names rated neutral grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=4936).
Over the trailing year it converted 1.36x of net income into operating cash flow. Historically, Financials names rated neutral grew net income 58% of the time over the next year (vs 55% for the rest of the cohort, n=4725).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $4.32 → $4.32 (-0.0% / 30d). 0 raised, 1 cut, 16 covering analysts.
0 upgrades, 0 downgrades / 30d, 1 maintained. 16% of analysts rate Buy.
1 PT revisions / 30d. Avg target 3.9% above current price.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$169.
How much price usually moves either way.
On a bad day, this stock has moved -$529.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,750.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: This revenue range is crucial for FactSet's growth outlook. It indicates their market performance.
Confirms:GAAP revenues are between $2,450 million and $2,470 million.
Disproves:GAAP revenues are below $2,450 million.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for FDS yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Departure of Helen Shan as Chief Financial Officer On April 8, 2026, FactSet Research Systems Inc. (the “Company”) announced that, effective April 13, 2026, Helen Shan, the Chief Financial Officer of the Company (“CFO”), will transition out of her position as CFO and will become eligible to receive severance benefits upon her termination of employme…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Roughly priced in line with peers.
Cheaper than its own typical valuation.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
A side-by-side read on sector standing, valuation, and risk versus Financial Exchanges & Data.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
FDS FactSet | Above typical Show detailsSector percentile: 94 of 100 | fair | elevated |
SPGI S&P Global | Typical Show detailsSector percentile: 65 of 100 | expensive | moderate |
CME CME Group | Typical Show detailsSector percentile: 44 of 100 | expensive | moderate |
ICE Intercontinental Exchange | Typical Show detailsSector percentile: 49 of 100 | full | moderate |
MCO Moody's Corporation | Typical Show detailsSector percentile: 43 of 100 | expensive | moderate |
11 material management or governance events in the past 24 months, led by executive changes. Historically, Financials names rated volatile grew net income 54% of the time over the next year (vs 57% for the rest of the cohort, n=3774).
Not investment advice. As of 2026-06-16.
via XLF
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
FactSet aims to grow its Organic Annual Subscription Value by $130 million to $160 million during fiscal year 2026.
FactSet plans to expand its GAAP revenue to between $2,450 million and $2,470 million for fiscal year 2026.
FactSet aims to enhance its adjusted operating margin to between 34.0% and 35.5% for fiscal year 2026.
Why it matters: This growth range is key for FactSet's fiscal 2026 targets. It shows if they can meet their goals.
Confirms:Organic ASV growth reported between $130 million and $160 million.
Disproves:Organic ASV growth is below $130 million.
Why it matters: Increasing client numbers show strong demand for FactSet's services. It supports revenue growth.
Confirms:Client count reported above 9,200.
Disproves:Client count reported below 9,100.
Why it matters: Better margins mean lower costs and better efficiency. This can lead to higher profits.
Confirms:Operating margin reported at 35.5% or higher for FY 2026.
Disproves:Operating margin was below 34.0% for FY 2026.
Why it matters: Better margins mean lower costs and more profit. This helps the company’s finances.
Confirms:Operating margin is between 34.0% and 35.5%.
Disproves:Operating margin is less than 34.0%.
Why it matters: If revenue hits the top of guidance, it shows strong business and market demand.
Confirms:GAAP revenues reported at $2,470 million for FY 2026.
Disproves:GAAP revenues reported below $2,450 million for FY 2026.
Results of Operations and Financial Condition On March 31, 2026, FactSet Research Systems Inc. ("FactSet" or the "Company") issued a press release announcing its results for the three months ended February 28, 2026. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated by reference herein. The information furnished pursuant to this Item 2.02 (Results of Operations and Financial Condition), including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 1…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On March 4, 2026, FactSet Research Systems Inc. ("FactSet" or the "Company") announced that Kate Stepp, previously the Company's Chief Technology Officer ("CTO"), was named Chief AI Officer. Ms. Stepp assumed her new role on March 2, 2026. Bob Stolte assumed the role of CTO on March 2, 2026. A copy of the press release announcing these changes is an…
Results of Operations and Financial Condition On December 18, 2025, FactSet Research Systems Inc. ("FactSet" or the "Company") issued a press release announcing its results for the three months ended November 30, 2025. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated by reference herein. The information furnished pursuant to this Item 2.02 (Results of Operations and Financial Condition), including Exhibit 99.1, shall not be deemed “filed” for purposes of Sectio…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers At the 2025 Annual Meeting of Stockholders (the "Annual Meeting") of FactSet Research Systems Inc. (the "Company" or "FactSet") held on December 18, 2025, the stockholders of the Company approved the FactSet Research Systems Inc. 2025 Omnibus Incentive Plan (the "2025 Omnibus Incentive Plan"). The Board of Directors of the Company (the "Board") prev…