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FactSet Research Systems’ Hidden AI Opportunity: 7x API Growth Meets $2.56 Billion ASV!

FactSet Research Systems delivered solid financial results for fiscal year 2026, marked by record levels of annual subscription value (ASV) and broad-based growth across client segments and regions. The company reported organic ASV growth of 7%, reaching $2.56 billion, which exceeded the high end of its guidance range and represented the strongest growth in three years. Total revenue increased 6.7% year-over-year to $2.476 billion. Adjusted operating income was $855 million, reflecting a margin of 34.5%, slightly down by 180 basis points from the previous year, influenced by ongoing investments in infrastructure modernization, cybersecurity, and organizational changes. Adjusted diluted EPS grew 6% to $18.01, surpassing guidance expectations. FactSet highlighted strategic advancements in artificial intelligence (AI) integration, with AI-related solutions accounting for a double-digit share of new ASV in the quarter, more than matching fiscal 2025’s total AI contribution.