FactSet Beats Q2 with $4.46 EPS, $611M Revenue, Raises Guidance
FactSet reported Q2 with adjusted EPS of $4.46 and revenue of $611 million, beating estimates by $0.09 and 1% respectively. The firm raised full-year ASV growth forecast to $130–$160 million and lifted EPS guidance to $17.25–$17.75, despite shares falling 44% over the past year.
1. Strong Q2 Financial Performance
FactSet delivered adjusted EPS of $4.46, surpassing consensus by $0.09, and generated revenue of $611 million, up 7.1% year over year, driven by organic growth of 6.8% with notable gains in the Americas and Asia Pacific.
2. Full-year Guidance Raised
The company lifted its organic ASV growth forecast to $130–$160 million, increased GAAP revenue guidance to $2.45–$2.47 billion, and raised adjusted EPS target to $17.25–$17.75, citing robust client wins in wealth management and institutional segments.
3. Share Price Underperformance
Despite financial strength, FactSet shares have tumbled about 44% over the past year, underperforming industry peers and the S&P 500, as investors weigh valuation concerns, margin pressure from strategic investments, and broader market sentiment.
4. Insider Transaction Disclosure
A disclosed transaction revealed a sale of FactSet shares valued between $1,001 and $15,000 by an individual connected to a U.S. senator, representing a minor insider sale with limited impact on ownership structure.