SEC Filings

FactSet Spent $644 Million On Buybacks As Its First $500 Million Bond Turned Current

The 10-K shows cash down to $233.3 million, a $90.0 million revolver draw after year-end and 2.900% notes due March 1, 2027.

Matteo Parrino Jonathan Ponciano

Matteo Parrino, Jonathan Ponciano

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FactSet Spent $644 Million On Buybacks As Its First $500 Million Bond Turned Current

FactSet repurchased 2,608,284 shares for $643,961 thousand in fiscal 2026, more than double the $300,457 thousand it spent on 684,960 shares a year earlier, according to its 10-K filed Tuesday. Over the same year, the $500 million of 2.900% notes due March 1, 2027 moved into current debt.

The buyback and the balance sheet

Current debt on the balance sheet stood at $499.4 million at August 31, 2026, against none a year earlier. Cash and equivalents fell to $233.3 million from $337.7 million.

Operating cash flow was $822.2 million, up from $726.3 million in the prior-year 10-K. Repurchases of $644.0 million plus $164.2 million of dividends came to more than that.

The company's net income fell to $533.5 million from $597.0 million, and diluted earnings per share to $14.57 from $15.55. Revenue rose to $2,476.3 million from $2,321.7 million.

Revolver and credit amendment

Subsequent to August 31, 2026, the company borrowed $90.0 million under its revolving credit facility. It had no revolver borrowings at year-end, and it had no revolver debt on that date.

The filing says the credit agreement was amended on August 28, 2026. Per the company's account, the revolver now matures August 28, 2031 and is enlarged to $1.5 billion, and the term loan's maturity moved to 2029 with scheduled quarterly principal payments removed. The prior annual report described a term loan maturing in 2028. The term facility stood at $375.0 million.

Buyback authority

The board added $600 million of repurchase authority on December 16, 2025 and removed the expiration date from the earlier authorization. The prior annual report described a $400 million program running through September 30, 2026. As of August 31, 2026, $356.0 million remained available. The company first reported the December addition in its quarterly report filed in January.

What else the filing carries

The 10-K says the IT general controls material weakness flagged in the 2024 annual report was remediated as of August 31, 2026. The risk factors add language on AI costs, data-center capacity and a court order in the CGS class action: certification was granted August 28, 2026 and vacated September 10, 2026 pending more briefing.

The notes mature March 1, 2027, so upcoming quarterly reports will show whether FactSet repays them from cash, revolver borrowings or new debt.

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