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# FactSet Aims For At Least 36% Adjusted Operating Margin By Fiscal 2029
- URL: https://www.bullished.co/factset-aims-for-at-least-36-adjusted-operating-margin-by-fiscal-2029-0f88ea7a/
- Published: 2026-11-10T21:41:49.000Z
- Updated: 2026-11-10T21:41:49.000Z
- Description: The financial-data company kept its fiscal 2027 forecast intact while setting longer-term revenue, earnings and cash goals.
- Author: Matteo Parrino
- Tags: Earnings, FDS, Industry: Financials

[FactSet](https://www.bullished.co/tag/fds/), which provides financial data, analytics and AI-powered software to finance professionals, set a target Tuesday for an adjusted operating margin of [at least 36%](https://www.globenewswire.com/news-release/2026/11/10/3399323/0/en/factset-hosts-investor-day-2026.html?ref=bullished.co) by fiscal 2029, alongside approximately 6% compound annual organic revenue growth. The new medium-term outlook accompanied unchanged fiscal 2027 guidance, according to an [SEC filing](https://www.sec.gov/Archives/edgar/data/0001013237/000162828026072750/fds-20261110.htm?ref=bullished.co) covering its Investor Day in New York City.

## A Higher Margin Goal For 2029

FactSet's [margin target](https://www.sec.gov/Archives/edgar/data/0001013237/000162828026072750/investordaypressrelease111.htm?ref=bullished.co) sits above the 34.75%–35.25% adjusted operating margin it expects for fiscal 2027\. Operating margin measures how much revenue remains as operating profit; the adjusted version excludes specified costs.

Management also targets approximately 10% compound annual growth in adjusted diluted earnings per share over the medium-term period. Its cash goal calls for free cash flow to average more than 90% of adjusted net income, connecting the earnings outlook to cash generated by the business.

## Fiscal 2027 Forecast Stays Intact

FactSet reaffirmed [revenue guidance](https://www.sec.gov/Archives/edgar/data/0001013237/000162828026072750/investordaypressrelease111.htm?ref=bullished.co) of about $2.6 billion for fiscal 2027, with organic growth in annual subscription value of 5.0%–6.5%. Annual subscription value measures subscriptions on an annual basis, distinct from revenue.

The company expects operating profit under standard accounting of $806 million–$840 million and an operating margin of [31.0%–32.0%](https://www.globenewswire.com/news-release/2026/11/10/3399323/0/en/factset-hosts-investor-day-2026.html?ref=bullished.co). On its adjusted measure, it forecasts operating profit of $903 million–$925 million.

Its earnings forecast remains $17.00–$17.50 per diluted share under standard accounting and $19.25–$19.65 on an adjusted basis. The adjusted guidance excludes $85 million–$97 million, or $2.15–$2.25 per diluted share, for amortization of intangible assets and other discrete items.

## Subscriptions And Broader AI Use

Most of FactSet's revenue comes from subscriptions to data and tools, including workstations, portfolio analytics, enterprise data and AI products. It also supplies managed services that support clients' internal teams, serving businesses ranging from asset managers and investment banks to wealth managers, hedge funds and private-market investors.

The Americas accounted for 65% of fiscal 2026 revenue, with EMEA contributing 24% and Asia Pacific 11%. As of August 31, 2026, FactSet had 9,258 clients and 260,671 professionals using its products; clients span more than 80 countries.

FactSet Chief Executive Officer Sanoke Viswanathan said the company's connected data, analytics and workflow strategy positions it to “provide trusted AI and [expand its use](https://www.sec.gov/Archives/edgar/data/0001013237/000162828026072750/investordaypressrelease111.htm?ref=bullished.co) at our clients” based on quality, cost and control.

The fiscal 2029 goals pair faster targeted growth in adjusted earnings than in organic revenue with a cash-generation requirement: free cash flow averaging more than 90% of adjusted net income.

Learn

- [Item 7.01: Regulation FD disclosure →](https://www.bullished.co/learn/8-k-items-explained/#item-701-regulation-fd-disclosure)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — FACTSET RESEARCH SYSTEMS INC (FDS)](https://www.sec.gov/Archives/edgar/data/0001013237/000162828026072750/fds-20261110.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit investordaypressrelease111.htm — FACTSET RESEARCH SYSTEMS INC 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001013237/000162828026072750/investordaypressrelease111.htm?ref=bullished.co) — SEC EDGAR
- [FactSet Hosts Investor Day 2026](https://www.globenewswire.com/news-release/2026/11/10/3399323/0/en/factset-hosts-investor-day-2026.html?ref=bullished.co) — globenewswire.com

### More on FactSet Research

- [FactSet's New CEO Was Paid $62 Million — 3,370 Times The Median Employee, Mostly From One-Time Awards](https://www.bullished.co/factsets-new-ceo-was-paid-62-million-3-370-times-the-median-employee-mostly-from-one-time-b4d8af90/)
- [FactSet Spent $644 Million On Buybacks As Its First $500 Million Bond Turned Current](https://www.bullished.co/factset-spent-644-million-on-buybacks-as-its-first-500-million-bond-turned-current-05802268/)

[All FactSet Research (FDS) coverage →](https://www.bullished.co/tag/fds/)