Factset Research Systems Inc

Company facts

Industry

Services-Computer Programming, Data Processing, Etc.

Headquarters

Norwalk, Connecticut

Most recent report

10-K, filed Oct 20, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 1013237

Fiscal year ends

August

Filer status

Large accelerated filer

What to read: FY2026 10-K

SECSift found 5 of 27 sections worth reading, with 1 positive, 8 notable, and 6 negative flags.

• Risk Factors (Item 1A)

  Company-specific risks: material weakness, AI cost risk, CEO transition, class action, cloud concentration.
  Notable

  • Shift from active to passive investing could reduce demand for FactSet's products and services.
  • ~39% of revenues and ~81% of employees outside U.S., concentrated in India and Philippines; regional disruption risk.
  Negative

  • Concurrent CEO, CFO, CTO transitions in fiscal 2026 alongside broad transformation risk execution.
  • Two content suppliers each >10% of total third-party content costs for fiscal 2026; renewal risk.
  • Material weakness in IT controls remediated as of Aug 31, 2026; future weaknesses could impair financial reporting.
  • Class action over CGS data licensing: class certification vacated Sep 10, 2026; outcome uncertain, could be material.

• Market for the Stock (Item 5)

  Dividend increase and large buyback authorization with monthly activity table.
  Notable

  • Quarterly dividend raised from $1.10 to $1.16 per share in Q3 2026, a 5.5% increase.
  • Board authorized $600M additional buyback authority in December 2025, adding to $400M from June 2025.

• Management's Discussion (Item 7)

  Full MD&A with detailed segment results, margin decline, restructuring, and CEO costs.
  Notable

  • Credit facility amended Aug 28, 2026: revolver increased by $500M to $1.5B, term loan maturity extended to 2029, revolver to 2031.
  • Share repurchases surged to $644.0M in FY2026 from $300.5M in FY2025; $356.0M remained authorized as of Aug 31, 2026.
  Negative

  • Operating margin fell 390 bps to 28.3% in FY2026, driven by restructuring, CEO costs, and higher variable comp.
  • Net income fell 10.6% to $533.5M in FY2026, and Diluted EPS dropped 6.3% to $14.57.

• Financial Statements (Item 8)

  Financial statements and notes with acquisition details, debt structure, and tax disclosures.
  Notable

  • Two content suppliers each represented more than 10% of total third-party content costs in FY2026.
  • One cloud provider supplied the majority of cloud computing support in FY2026, a concentration risk.

• Controls and Procedures (Item 9A)

  Reports remediation of a material weakness in internal controls over financial reporting.
  Positive

  • Material weakness in IT controls over revenue/AR/deferred revenue has been remediated as of August 31, 2026.

What changed: FY2026 vs. FY2025

About 17% of FDS's FY2026 10-K is new information. 136 paragraphs were added, 334 changed, and 268 removed. Below are the most important lines SECSift identified.

• Financial Statements (Item 8) 148
• Management's Discussion (Item 7) 104
• Risk Factors (Item 1A) 60
• Business (Item 1) 40
• Form 10-K Summary (Item 16) 15
• Controls and Procedures (Item 9A) 9
• Market for the Stock (Item 5) 9
• Cybersecurity (Item 1C) 8
• Market Risk (Item 7A) 5
• Security Ownership (Item 12) 4
• Properties (Item 2) 1
• Directors and Officers (Item 10) 1