FDS FactSet (FDS) Q3 FY26 earnings call
FactSet's AI transition is shifting from thesis to evidence: enterprise agreements are lengthening, data-solution and MCP consumption are compounding, and AI-engaged clients are expanding faster than the rest of the book — even as second-half investment and performance pay temporarily compress margin because new ASV is recognized over time. The setup into a record-comp Q4 rests on converting a robust seven-figure pipeline, with management pointing to productivity gains as the lever for future operating leverage.
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FDS operating KPIs by quarter
| KPI | Feb 2026 Q2 FY26 | This call May 2026 Q3 FY26 | Aug 2026 Q4 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| ASV retention rate | 95%+Our overall ASV retention continued at over 95% in Q2.Source: earnings call transcript | 95%+ASV retention rates above 95% reflect the strength of our client relationships, those relationships fuel our ASV bookings growth that provides a line of sight into future revenue.Source: earnings call transcript | 95%+The impact of our commercial excellence initiative is clear with strong new business growth, continued ASV retention of over 95% and strong expansion.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.