What FactSet's latest 10-Q says: 7 signals
FactSet filed its latest 10-Q with the SEC on Jul 1, 2026. It discusses acquisition completed, capex increase and cybersecurity investment.
Public (FDS)Financial Services10,000+ employeesfactset.comLinkedIn
- Filed
- Jul 1, 2026
- Filings
- 2
- Signals
- 14
10-Q · latest 10
What FactSet's 10-Q filings say
- SEC EDGAR
10-Q
Filed · 7 signals
FactSet reports ongoing material weakness in IT general controls as of May 2026.
The company's disclosure controls were deemed ineffective due to a material weakness in key IT general controls, representing a continuation of an issue from fiscal 2024.
FactSet discloses ongoing material weakness in IT controls, driving remediation spending.
The company is actively remediating a material weakness in IT general controls related to change management and user access, hiring IT compliance staff and implementing new technology solutions.
IT general controlschange managementsegregation of dutiesaccess management
FactSet Discloses IT Material Weakness, Launching Tech-Driven Remediation Initiative
FactSet is urgently implementing new technology solutions to fix a material weakness in its IT general controls, focusing on change management, access controls, and segregation of duties.
change managementsegregation of dutiesaccess management
FactSet invests $87.3M in capital expenditures for internal software development.
The company spent $87.3 million on capital expenditures in the first nine months of fiscal 2026, driven by capitalizing internal-use software development costs.
$87.3M
Capital expenditures for capitalized internal-use software development costs over nine months.
internal-use software
FactSet Spent $348.3M on Irwin and LiquidityBook Acquisitions, Driving Integration Needs
FactSet's recent acquisitions of Irwin and LiquidityBook for $348.3 million are driving ongoing post-merger integration activities.
$348.3M
acquisition-related consideration related to the Irwin and LiquidityBook transactions
IrwinLiquidityBook
FactSet holds $395M in floating-rate debt, creating interest rate risk.
The company has an outstanding principal balance of $395.0 million in floating-rate debt tied to SOFR.
$395M
Outstanding floating rate debt
- SEC EDGAR
10-Q
Filed · 7 signals
FactSet reports ongoing material weakness in IT general controls, driving remediation spending.
The company continues to remediate a material weakness in IT controls for revenue and accounts receivable systems, specifically citing deficiencies in change management, user access, and segregation of duties.
FactSet launches remediation initiative for IT controls, seeking new technology.
Management is executing a remediation plan for a material weakness by hiring IT compliance staff, engaging a third-party advisory firm, and planning to implement new technology solutions.
technology solutions to enhance the control framework for supporting change monitoring, segregation of duties and access management review controlsthird-party accounting advisory firm
FactSet invested $30.8M in internal-use software and equipment in Q1 2026.
The company spent $30.8 million on purchases of property, equipment, and capitalized internal-use software during the quarter.
$30.8M
purchases of property, equipment, leasehold improvements and capitalized internal-use software
Capital expenditures increased 19% YoY to $30.8M, signaling tech investment.
FactSet increased spending on property, equipment, and capitalized software by 19.2% year-over-year, reaching $30.8M for the quarter.
$30.8M
Purchases of property, equipment, leasehold improvements and capitalized internal-use software for the three months ended November 30, 2025
19.2%
Year-over-year increase in capital expenditures for the quarter
internal-use software
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FactSet earnings headlines
From earnings call transcripts (Signal API type earnings-transcripts).
| Call date | What the company said |
|---|---|
| CFO confirms technology spending is a top driver of increased expensesThe CFO explicitly stated that over a third of the non-compensation expense increase was for technology, including core infrastructure, cybersecurity, and AI token costs. This is a direct confirmation of an increased budget for a wide range of technology vendors. | |
| Announced strategic partnership with Google Cloud for AI developmentFactSet is partnering with Google Cloud to enhance its Workstation with Google's enterprise search, Deep Research API, and Gemini Enterprise. This deepens their commitment to a specific cloud and AI ecosystem, creating opportunities for vendors who integrate with or complement Google Cloud's offerings. | |
| Investing heavily in AI, leading to 10% tech workforce reductionFactSet is seeing massive productivity gains from AI, with AI-written code growing 10x, enabling a 10% reduction in its technology workforce. This signals a strong commitment to AI investment and operational efficiency, making them receptive to tools that further this goal. | |
| Tracking toward high end of revenue and EPS guidance rangesThe CFO stated that based on strong business trajectory, the company is tracking toward the high end of its full-year guidance for revenue and EPS. This indicates strong financial health and the capacity to continue funding strategic investments. | |
| Boosting marketing spend, driving double-digit lead growthA new website and increased marketing efforts are driving significant top-of-funnel growth, with MQLs and SQLs up by double digits and pipeline conversion increasing 15%. This indicates an increased budget and focus on marketing and demand generation technologies. | |
| Partnering with multiple AI firms to launch new intelligent workflowsFactSet announced partnerships with Finster, InSync Analytics, Genios AI, and TIFIN.AI to accelerate the rollout of its 'FactSet Intelligence' product suite. This partnership-heavy strategy shows they are actively seeking external technology to speed up their roadmap. |
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Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .