FMP

FMP

FactSet Misses Q3 Earnings Despite Solid Revenue Growth and Reaffirmed Outlook

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FactSet Research Systems (NYSE:FDS) reported fiscal third-quarter results that narrowly missed earnings expectations, but revenue topped estimates and the company reaffirmed full-year guidance.

For the quarter, the financial data provider posted adjusted earnings of $4.27 per share, slightly below the $4.30 consensus. Revenue came in at $585.5 million, ahead of forecasts calling for $580.54 million and marking a 5.9% increase year-over-year.

Organic revenue—which excludes currency fluctuations and acquisitions—rose 4.4% to $577.2 million, fueled by growth across both wealth management and institutional buy-side segments.

Despite the modest EPS miss, management expressed confidence in the company’s strategic direction, citing strong client momentum and a robust pipeline. FactSet reaffirmed its fiscal 2025 guidance, projecting adjusted EPS of $16.80 to $17.40 and revenue between $2.305 billion and $2.325 billion—both ranges broadly in line with Street expectations.

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